SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Hinduja Global Solutions Ltd (HGS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532859 NSE: HGS BPO/ITeS | Small Cap | Hinduja Global Soln. Share Price

₹448.90 48.60 (12.14%)

As on 10-Jun'26 16:59

Hinduja Global Solutions Ltd (HGS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532859 NSE: HGS BPO/ITeS | Small Cap | Hinduja Global Soln. Share Price

₹448.90 48.60 (12.14%)

As on 10-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,862 Cr.
Current Price
₹448.9
52-Week Low / High
₹342 / 629
TTM EPS
₹-34.5
TTM Sales
₹1,827 Cr.
Book Value per Share
₹576.8
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
18.1
Price to Book (P/B)
0.69
Lower than its 5-year historical median
Price to Sales (P/S)
1.02
Lower than its 5-year historical median
EV/EBITDA
9.34
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-11.05%
Underperforms industry median
Return on Capital Employed (ROCE)
-3.49%
Underperforms industry median
Return on Assets (ROA)
-5.96%
Operating Profit Margin
-2.5%
Net Profit Margin
-18.86%
Gross Profit Margin
0.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
8.42%
Operating Profit Growth (1 Year)
-
-211.66%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
67.99%
Pledged shares (%) of Promoter's holding (%)
14.23%
Reserves
₹2,637 Cr.
Equity
₹46.5 Cr.
Face Value
₹10
All Time Low / High
₹46.00 / 1974.00

Hinduja Global Solutions stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is Hinduja Global Solutions Ltd a good quality company?
Hinduja Global Solutions Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Hinduja Global Solutions Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Hinduja Global Solutions Ltd vs industry peers?
Hinduja Global Solutions Ltd revenue CAGR is -4.39%, compared to the industry median CAGR of 3.91%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Hinduja Global Solutions Ltd?
Promoters hold 67.99% of the Hinduja Global Solutions Ltd, with 14.23% of their stake pledged, indicating high pledge risk.
Q.1 How do the current valuation ratios compare with 5-year historical median and industry numbers?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hinduja Global Solutions Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 17.7%14.6%19.2%18.5%16.9%-2.3%-0.6%4.1%1%-3.5%-
Value Creation
Index
0.30.00.40.30.2-1.2-1.0-0.7-0.9-1.3-

Growth Parameters

Sales 1,3761,5982,0591,8502,1425281,2501,3231,5781,7111,827
Sales YoY Gr.-16.1%28.9%-10.1%15.8%-75.3%136.7%5.9%19.3%8.4%-
Adj EPS 27.927.650.35048.4-11.1-24.129.3-17.1-72-34.5
YoY Gr.--1.1%82.7%-0.7%-3.2%-123%NANA-158.2%NA-
BVPS (₹) 224.7238.3329.7377.9402.9456.11,012.9839.2666.8589.2576.8
Adj Net
Profit
116114209208202-46.5-101154-79.3-335-161
Cash Flow from Ops. 28.9228165288514418-164-126-16.8-122-
Debt/CF from Ops. 9.60.70.90.61.81.8-4.6-3.6-36.2-6.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.5%-4.4%11%8.4%
Adj EPS -211.1%-208.3%NANA
BVPS11.3%7.9%-16.5%-11.7%
Share Price 8.2% -17.8% -25.6% -15.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
13.211.917.714.112.4-2.6-3.33.6-2.1-11.5-5.9
Op. Profit
Mgn %
17.515.115.518.421.3-11.42.22.92.6-2.6-1.4
Net Profit
Mgn %
8.47.210.211.39.4-8.8-8.111.6-5-19.6-8.8
Debt to
Equity
0.30.20.10.10.50.40.20.10.20.30
Working Cap
Days
1881951892923221,5157731,016888693150
Cash Conv.
Cycle
32416611810746511031453940

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,3761,5982,0591,8502,1425281,2501,3231,5781,711
Operating Expenses > + 1,1361,3751,7401,5111,6865951,2241,2851,5371,757
Manufacturing Costs1081161289511228404399514604
Material Costs0000004139
Employee Cost 8561,0391,3451,1551,379457585646745809
Other Costs > 172220267260195110231238276335
Operating Profit > 240223318340456-67273841-46
Operating Profit Margin (%) 17.5%13.9%15.5%18.4%21.3%-12.6%2.1%2.9%2.6%-2.7%
Other Income > + 312721428650173398271177
Exceptional Items > 0000000000
Interest > 15161011581712510191117
Depreciation > 8278847917743221233268257
Profit Before Tax > 174156246292308-76-147103-47-243
Tax > 5254336578-25-62-139-1880
Profit After Tax 122102213227230-51-85242-29-323
PAT Margin (%) 8.9%6.4%10.3%12.3%10.7%-9.7%-6.8%18.3%-1.8%-18.9%
Adjusted EPS (₹)29.524.551.154.455.2-12.2-20.446.0-6.2-69.4
Dividend Payout Ratio (%)25.40%20.40%9.80%9.20%18.10%-163.50%-1,202.10%32.60%-112.30%0%

Valuation of Hinduja Global Soln. - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 9329891,3721,5751,6821,9044,2334,4073,1022,741
Share Capital 21212121212142534747
Reserves 9119681,3511,5541,6611,8844,1924,3553,0562,694
Debt +238145138175793618643264327457
Long Term Debt59301477096181359464134
Short Term Debt17814113828840509170264323
Minority Interest0000000000
Trade Payables8081126138149135230221157216
Others Liabilities 3874415146158461,0302,0261,7301,8611,978
Total Liabilities 1,6361,6552,1512,5023,4693,6887,1336,6225,4475,391

Fixed Assets

Net Fixed Assets +3223163483459048251,0621,0069831,108
Gross Block4074374975801,1771,2061,8771,9292,0092,233
Accumulated Depreciation851211492352733818169241,0261,125
CWIP 2110035233
Investments 438434400403399394741740863867
Inventories000000811125
Trade Receivables279288730827798828286375375349
Cash Equivalents 284313557871622,331478271201
Others Assets 5675725368691,2811,4762,7014,0092,9392,858
Total Assets 1,6361,6552,1512,5023,4693,6887,1336,6225,4475,391

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 29228165288514418-164-126-17-122
PBT 1741562462973403233,151217-47-243
Adjustment 766263119180216-2,53693131241
Changes in Working Capital -17257-108-77104-11-343-280-57-49
Tax Paid -50-48-36-50-110-110-435-157-43-72
Cash Flow From Investing Activity + -120-58-58-354-345-461,4253961,307382
Capex -117-84-65-78-60-63-21150120-10
Net Investments -173-6-4376-1,3911,407-125-18
Others 142313-272-323113,026-1,0611,312410
Cash Flow From Financing Activity + -36-155-48-6-146-300-583-725-1,509-340
Net Proceeds from Shares 0122111100
Net Proceeds from Borrowing 0000000000
Interest Paid -15-16-10-10-67-62-167-106-90-117
Dividend Paid -44-19-25-25-57-37-445-109-10-28
Others 23-122-1527-24-20127-512-1,409-194
Net Cash Flow -1271559-722372678-455-219-79

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)14.0310.5718.0115.414.14-2.85-2.785.59-0.77-11.05
ROCE (%)17.7414.5519.218.5316.85-2.26-0.574.141.02-3.49
Asset Turnover Ratio0.950.971.080.80.720.150.230.190.260.32
PAT to CFO Conversion(x)0.242.240.771.272.23N/AN/A-0.52N/AN/A
Working Capital Days
Receivable Days56.8064.8090.30153.60138.50562.10162.7091.1086.7077.20
Inventory Days0000002.302.702.801.80
Payable Days0000000007,919.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.0014.2314.690.0014.2314.2314.23
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Hinduja Global Solutions Ltd FAQs

The current trading price of Hinduja Global Soln. on 10-Jun-2026 16:59 is ₹448.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jun-2026 the market cap of Hinduja Global Soln. stood at ₹1,862.2 Cr

The latest P/E ratio of Hinduja Global Soln. as of 09-Jun-2026 is 0.00.

The latest P/B ratio of Hinduja Global Soln. as of 09-Jun-2026 is 0.69.

The 52-week high of Hinduja Global Soln. is ₹628.8 and the 52-week low is ₹341.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hinduja Global Soln. is ₹1,827 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hinduja Global Solutions Ltd is a average quality company.

The key valuation ratios of Hinduja Global Solutions Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Hinduja Global Solutions Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Hinduja Global Solutions Ltd

Hinduja Global Solutions started its operations with one client and 25 employees in the year 2000. Today, it is a leading provider of outsourcing solutions to a global clientele of Fortune 500 companies,

From its inception, Hinduja Global Solutions had set its sights high, and was focused on building client's businesses. The success graph grew rapidly.

Between 2000 and 2003, Hinduja Global Solutions acquired businesses of major international clients, some of who were among the leaders in the insurance & telecom industries, thus establishing itself as a major player to reckon with.2003 also marked the company’s entry into international markets, with the establishment of its center in Manila.

The company’s vision is to be a globally preferred business process transformation partner for its clients, creating value in their business through innovative outsourcing solutions.

The company is a part of Hinduja Group that was founded in 1914 by a young entrepreneur from Shikarpur, Parmanand Deepchand Hinduja. He spotted opportunities and seized them wherever they surfaced. He traveled to Mumbai in 1914, and quickly learnt the ropes of business. The business journey which began in Sind, entered the international arena in 1919, with an office in Iran, the first outside of India. Merchant banking and trade were the twin pillars of the business. The Group remained headquartered in Iran until 1979, when it moved to Europe.

Products  and services offered by the company are:

Consumer Electronics:

  • Parts / Accessories Sales

Health Insurance

  • Insurance Policy Sales

Banking and Financial Services

  • Credit Card Sales

Extensive and Intensive Technical Support for various consumer electronic products. including -

  • Installation
  • Configuration

Provide technical support for software applications

  • Installation
  • Configuration
  • How to use the application

Awards & Achievements:

Industry Recognition:

  • Number one of the ITES Companies in India,
  • Winner most Innovative BPO Philippines
  • Top 15 ITES BPO exporters FY07/08
  • Top 10 employer’s employee satisfaction HR practices
  • 1 of the 200 'best under a billion forbes Asia'
  • Gold Medalist Compentency Development
  • Top 2 call centre companies globally (last 3 years)
  • Gold Medalist Lean Six Sigma 

  Quality Certification:

  • ISO 9001:2000 – UKAS
  • ISO 9001:2000 – ANAB
  • ISO 27001 
  • HIPAA – Health Insurance
  • Six Sigma Process Improvement 
  • ISO 27001 – Underway
  • SAS 70   

  Milestones of the company:

2000 Launch of HTMT brand First International Customer with 23 seatsISO 9001:2000 certification

2001-2004 Acquisition of Philippines center1500 seat facility in Bangalore India Employee strength 1700

2005-2006 Acquired source oneBS 7799 certification Strategic foray into national markets 300 seat DR center in Mauritius HIPAA certification Employee strength, 7000

2007-2008 Acquired Affina Foray into more verticals Expansion into Tier 2 cities in India First Healthcare contact center in Manila ISO 27001 certification Most Innovation BPO company ICT

2009 Employee Strength 14500  Entry into the UK market Expansion into China Inorganic growth – Acquisition underway

2010-12 Acquired careline services
Expanded into Tier III centres in India- Guntur and Nagarcoil.
Operations commence at global village SEZ in Banglore.
New centres at Llolio ( Philippines) and Siliguri (India).
Acquired one line supoprt HCCA & EBOS E-SCM level-4

2014- Hinduja Global Solutions (HGS), announced the opening of a new center in Princeton, New Jersey in the US.


To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×