Hexaware Technologies Ltd Stock Analysis

BSE: 532129 | NSE: HEXAWARE | IT - Software | Mid Cap

BSE Share Price 30-Oct-2020 18:01
470.75 0.00 (0.00%)

DeciZen - Make an Informed Decision on Hexaware Tech.

Overall Rating

2. Valuation

Somewhat Undervalued

3. Price Trend

Hexaware Tech. Price Chart

P/E Ratio (SA) :
24.07
Market Cap :
14,138.1 Cr.
52-wk low :
470.1
52-wk high :
471.3
Bole Toh?

1. Is Hexaware Technologies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hexaware Technologies Ltd is a good quality company.

2. Is Hexaware Technologies Ltd undervalued or overvalued?

The key valuation ratios of Hexaware Technologies Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Hexaware Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hexaware Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Hexaware Tech.:

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.
Hexaware Technologies Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21TTM
ROCE % 31.6%37.5%35.3%30.6%27%25.9%26%26.3%24.9%22.4%-
Value Creation Index 1.31.71.51.31.00.90.91.00.90.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9121,0201,1551,2941,3931,5241,7942,1412,4283,2173,217
YoY Gr. Rt. %-11.8%13.2%12%7.7%9.4%17.7%19.3%13.4%32.5%-
Adj EPS 9.811.711.310.91112.614.416.2171819.6
YoY Gr. Rt. %-19.5%-3.8%-3.6%0.9%14.6%14.2%13.1%4.7%5.6%-
BVPS (₹) 33.229.634.5364349.555.162.774.187.672
Adj Net Profit 291351339328331373426484511542587
Cash Flow from Ops. 197269323288535250339365710995-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15%18.2%21.5%32.5%
Adj EPS 7%10.4%7.7%5.6%
BVPS 11.415.316.718.3
Share Price 17.2% 7.4% 12.1% -

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21TTM
Return on Equity % 31.537.535.230.52725.92626.32421.724.5
Op. Profit Mgn % 36.142.433.833.332.532.231.329.728.124.927.9
Net Profit Mgn % 31.934.429.425.323.824.523.822.62116.818.3
Debt to Equity 0000000000-
Working Cap Days 1731611691891671501651731781380
Cash Conv. Cycle -8-171302435697881480

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Hexaware Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 19.6 24.9
TTM Sales (₹ Cr.) 3,217 7,178
BVPS (₹.) 72 105
Reserves (₹ Cr.) 2,102 3,094
P/BV 6.54 4.48
PE 24.07 18.88
From the Market
52 Week Low / High (₹) 470.10 / 471.30
All Time Low / High (₹) 2.76 / 557.40
Market Cap (₹ Cr.) 14,138
Equity (₹ Cr.) 60.1
Face Value (₹) 2
Industry PE 30.1

Management X-Ray of Hexaware Tech. :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Hexaware Tech.

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Hexaware Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hexaware Tech. on 30-Oct-2020 18:01 is : 470.8.
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 30-Oct-2020 18:01 the market cap of Hexaware Tech. stood at ₹ 14,138.1.
The latest PE ratio of Hexaware Tech. as of 30-Oct-2020 18:01 is 24.07.
The latest PB ratio of Hexaware Tech. as of 30-Oct-2020 18:01 is 6.54
The 52-week high of Hexaware Tech. is ₹ 471.3 and the 52-week low is ₹ 470.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Hexaware Tech. is ₹ 3,217 ( Cr.) .

About Hexaware Technologies Ltd

Hexaware Technologies (HTL) is IT and Process outsourcing service provider in global space. HTL was incorporated on November 1992. The company provides technological solutions and specialises in Business Intelligence, Business Analytics, Enterprise Applications, Transportation, HR-IT and Legacy Modernization. It delivers services to industries like Banking and Financial, Insurance and Travel transportation and logistics. The company’s onsite/offshore delivery model provides significant cost savings. The development centers are assessed at SEI CMMI-Level 5, and are also ISO 9001:2000 and TickIT certified.

Founded in 1990 Hexaware today maintains seven state-of-the-art development centers – four in India and one each in Germany, USA and Mexico, and offices in North America, Europe and Asia Pacific, and employs around 6000 workers globally. Hexaware’s centers comply with the crucial quality and security best practices – SEI CMMI Level 5 and BS 7799.

In 2006, Hexaware acquired FocusFrame, a US based specialized testing consulting firm, in an all cash deal for $34.3 mn. FocusFrame is a California-based firm specializing in automated testing of ERP and custom applications. Their business revolves around systems verification, Quality Strategy and IT Governance solutions, and various functional, performance, and system stress verification exercises. The Company completed the integration of the Quality Assurance and Testing Services(QATS) operations of FocusFrame with Hexaware in early 2009.

Hexaware launched a joint venture Risk Technology International Limited in 2007. In the first quarter of 2009, Hexaware acquired the remaining stake from its JV partner Pemtrad International, to convert RiskTech into a wholly owned subsidiary.

Hexaware is committed to quality and its development centers are assessed at SEI CMMI Level 5. It is  also certified ISO 9001:2000, BS 7799, TickIT and SAS 70 Type 1. Hexaware has been certified as PCI DSS 1.2 (Payment Card Industry Data Security Standard) compliant. Payment Card Industry Data Security Standard is a data security standard promoting confidentiality of card holder data and facilitating the broad adoption of consistent data security measures globally.

It provides enterprise solution such as Peoplesoft, SAP, Oracle applications, JDE and Siebel. It has partnered with Microsoft to provide end to end solutions by using Microsoft’s Technologies.

Hexaware's global operations are located in North America, Europe and Asia Pacific. It is also listed on Luxembourg stock exchanges.

Business areas

Banking and Financial services- Under this it offers services in areas like asset management, corporate banking, retail banking and leasing. It provides wide range of services such as eagle, calypso, murex, temenos, GL trade, etc.

Insurance services- The company provides services in areas of underwriting, policy administration, claims administration and agency compensation. Under this it has created HexSOAF.

Travel transportation and logistics- It provides services to industries like Airlines and Airports, Travel and hospitality and Logistics. It provides solution like business analytics, Airlines MRO solutions, revenue accounting system, RFID Solutions etc. For Airline BPO services to offers caliber point business solutions.

Milestones

2014
Launch of Manufacturing Vertical
Launch of HCM service offering

2013
Hexaware opens delivery centre in Singapore
Wins large IT+BPO Multi Million Dollar deal for a Logistics Major in APAC
Wins the Application Partner of the Year 2013 – HCM Cloud [Asia Pacific]
Wins Top 100 CISO Award
Listed among Asia’s 200 Best Under a Billion on Forbes
Wins the first client in OTM
Winner of Top 100 CISO Award 2013.
Winner of BPO Excellence Awards 2012- 2013 [Subsidiary : Caliber Point].

2012
Launches several offerings through SaaS model leveraging Cloud Solutions, Mobile Testing Solutions as a new service offering in Enterprise Mobility
Ranks in International Association of Outsourcing Providers® (IAOP®) Global Outsourcing 100® list
Winner of the prestigious UK Oracle User Group PeopleSoft Partner of the Year Award for the year 2012.

2011
Wins a USD 250 mn contract - largest for the Company till date
Signs USD 177 mn contract
Wins Golden Peacock Award for Excellence in Corporate Governance

2010
Expands reach to 20 countries
Signs the first USD 100+ mn contract
Establishes Global Delivery Centre in Bengaluru, India
Global Platinum Partnership with Oracle

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