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HandsOn Global Management (HGM) Ltd (HGM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532761 NSE: HGM BPO/ITeS | Small Cap | HandsOn Global Manag Share Price

₹58.92 -3.14 (-5.06%)

As on 04-Jun'26 16:59

HandsOn Global Management (HGM) Ltd (HGM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532761 NSE: HGM BPO/ITeS | Small Cap | HandsOn Global Manag Share Price

₹58.92 -3.14 (-5.06%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹74 Cr.
Current Price
₹58.9
52-Week Low / High
₹42 / 85
TTM EPS
₹4.5
TTM Sales
₹56.8 Cr.
Book Value per Share
₹29.6
P/E Ratio
13.20
Lower than its 5-year historical median
Industry PE
18.5
Price to Book (P/B)
1.99
Lower than its 5-year historical median
Price to Sales (P/S)
1.31
Lower than its 5-year historical median
EV/EBITDA
6.63
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
14.21%
Outperforms industry median
Return on Capital Employed (ROCE)
16.42%
Outperforms industry median
Return on Assets (ROA)
12.11%
Operating Profit Margin
15.6%
Net Profit Margin
18.8%
Gross Profit Margin
25.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
39.39%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
39.44%
Net Profit Growth (1 Year)
-
-10.59%
Asset Quality
Promoter Holding
50.42%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹25 Cr.
Equity
₹12.6 Cr.
Face Value
₹10
All Time Low / High
₹20.00 / 396.60

HandsOn Global Management (HGM) stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is HandsOn Global Management (HGM) Ltd a good quality company?
HandsOn Global Management (HGM) Ltd is a quality company, based on a 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 HandsOn Global Management (HGM) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of HandsOn Global Management (HGM) Ltd vs industry peers?
HandsOn Global Management (HGM) Ltd revenue CAGR is 15.42%, compared to the industry median CAGR of 3.91%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of HandsOn Global Management (HGM) Ltd?
Promoters hold 50.42% of the HandsOn Global Management (HGM) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of HandsOn Global Management (HGM) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -3.8% based on the current price.

10 Year X-Ray :

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.
HandsOn Global Management (HGM) 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 % 2.9%2.7%-8.5%2.8%-103.7%113.2%-115.7%16.7%22.8%16.4%-
Value Creation
Index
-0.8-0.8-1.6-0.8-8.47.1-9.30.20.60.2-

Growth Parameters

Sales 13.513.712.610.5119.710.112.116.122.557
Sales YoY Gr.-1%-8.1%-16%4.1%-11.9%4.1%19.9%33.7%39.4%-
Adj EPS 1.11-1.30.9-13.116-14.11.82.53.14.5
YoY Gr.--11.2%-239%NA-1593.2%NA-188.4%NA44.3%21.7%-
BVPS (₹) 69.270.163.164.117.467.116.318.32225.229.6
Adj Net
Profit
1.31.2-1.71.1-16.520.1-17.82.23.23.96
Cash Flow from Ops. -0.91.811.32.6-2.61.7-0.12.1-1.3-1.3-
Debt/CF from Ops. -7.73.30.51.7-1.41.5-10.20.2-0.3-0.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.8%15.4%30.7%39.4%
Adj EPS 12.5%NANA21.7%
BVPS-10.6%7.7%15.8%14.9%
Share Price -4.2% 1.9% 8.7% -11.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.61.4-21.4-32.337.8-33.910.212.613.116.3
Op. Profit
Mgn %
4.95.46.77.319.223.721.818.415.515.612.8
Net Profit
Mgn %
9.98.7-13.210.5-150.7208.3-176.918.419.917.39.9
Debt to
Equity
0.10.10.10.10.200.10000
Working Cap
Days
351253190171228310331337251262107
Cash Conv.
Cycle
6786868410416015114013816176

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales13.5113.6512.5510.5410.979.6610.0612.0616.1222.47
Operating Expenses > + 12.841311.739.788.867.507.879.8413.6218.97
Manufacturing Costs0.390.360.380.410.500.290.300.390.410.81
Material Costs0000000000
Employee Cost 10.229.968.857.146.785.816.268.1612.0917.14
Other Costs > 2.242.682.502.231.581.401.301.291.121.02
Operating Profit > 0.660.650.820.762.112.162.192.212.513.50
Operating Profit Margin (%) 4.9%4.8%6.5%7.3%19.2%22.3%21.8%18.4%15.5%15.6%
Other Income > + 2.412.021.911.671.851.441.672.151.912.47
Exceptional Items > 00-10.230-60.6960.69-66.0802.070
Interest > 0.890.770.660.550.600.400.230.170.130.17
Depreciation > 0.360.180.100.090.550.620.620.600.631
Profit Before Tax > 1.831.72-8.261.80-57.8963.25-63.073.585.734.80
Tax > 0.440.590.580.510.810.750.870.971.010.57
Profit After Tax 1.391.13-8.841.28-58.7062.50-63.942.614.724.22
PAT Margin (%) 10.3%8.3%-70.4%12.2%-535.0%647.3%-635.0%21.7%29.3%18.8%
Adjusted EPS (₹)1.10.9-7.11.0-46.649.7-50.82.13.83.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of HandsOn Global Manag - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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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 + 86.7487.9079.1180.6421.8984.4220.4823.0627.6731.79
Share Capital 12.5312.5312.5412.5912.5912.5912.6012.6012.6012.60
Reserves 74.2175.3766.5868.069.3071.837.8910.4715.0819.20
Debt +6.055.234.283.242.050.690000
Long Term Debt6.055.234.283.242.050.690000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables0.970.900.750.780.960.670.670.930.832.32
Others Liabilities 2.870.270.581.122.432.623.572.602.844.32
Total Liabilities 96.6394.3184.7285.7827.3488.4024.7226.5931.3538.43

Fixed Assets

Net Fixed Assets +0.410.240.310.421.361.062.4121.371.48
Gross Block3.540.420.570.762.262.534.494.594.655.76
Accumulated Depreciation3.130.180.260.340.901.472.082.593.284.28
CWIP 0000000000
Investments 75.7866.0866.0866.085.3966.080000
Inventories0000000000
Trade Receivables4.873.944.122.815.824.955.206.108.2815.33
Cash Equivalents 9.3510.633.765.522.575.152.854.8110.977.51
Others Assets 6.2113.4210.4510.9512.2011.1614.2613.6810.7314.10
Total Assets 96.6394.3184.7285.7827.3488.4024.7226.5931.3538.43

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -0.881.8211.292.56-2.641.67-0.112.10-1.33-1.25
PBT 1.831.721.971.802.802.573.013.583.664.80
Adjustment -0.980.16-0.09-0.100.130.38-0.30-0.98-0.78-0.94
Changes in Working Capital -1.540.239.241.33-5.07-0.68-2.350.12-3.55-4.21
Tax Paid -0.19-0.300.16-0.47-0.50-0.60-0.47-0.63-0.66-0.90
Cash Flow From Investing Activity + 1.831.050.560.480.760.951.170.613.681.79
Capex -0.19-0.01-0.18-0.19-0-00-0.650-0.03
Net Investments 0000000000
Others 2.021.060.740.670.770.951.171.273.681.82
Cash Flow From Financing Activity + -1.48-1.59-10.12-1.28-2.01-2.12-2.09-1.29-0.50-0.89
Net Proceeds from Shares 0.0200.030.21000.02000
Net Proceeds from Borrowing 000-0.94-1.05-1.20-1.35-0.6900
Interest Paid -0.89-0.77-0.66-0.55-0.44-0.29-0.14-0.0200
Dividend Paid 0000000000
Others -0.61-0.82-9.490-0.52-0.63-0.62-0.59-0.50-0.89
Net Cash Flow -0.531.281.731.77-3.890.50-1.031.421.85-0.36

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.621.29-10.581.61-114.5117.58-121.91218.6114.21
ROCE (%)2.922.66-8.522.78-103.72113.15-115.7316.6722.7716.42
Asset Turnover Ratio0.140.140.140.120.190.170.180.470.560.64
PAT to CFO Conversion(x)-0.631.61N/A2N/A0.03N/A0.8-0.28-0.3
Working Capital Days
Receivable Days101.20117.80117.20120143.60203.50184.10171162.70191.80
Inventory Days0000000000
Payable Days0000000000

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

HandsOn Global Management (HGM) Ltd FAQs

The current trading price of HandsOn Global Manag on 04-Jun-2026 16:59 is ₹58.92.

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 03-Jun-2026 the market cap of HandsOn Global Manag stood at ₹74.21 Cr

The latest P/E ratio of HandsOn Global Manag as of 03-Jun-2026 is 13.20.

The latest P/B ratio of HandsOn Global Manag as of 03-Jun-2026 is 1.99.

The 52-week high of HandsOn Global Manag is ₹84.80 and the 52-week low is ₹42.15.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HandsOn Global Manag is ₹56.76 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that HandsOn Global Management (HGM) Ltd is a average quality company.

The key valuation ratios of HandsOn Global Management (HGM) Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

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

About HandsOn Global Management (HGM) Ltd

HOV Services was incorporated in 1989 under the Companies Act, 1956 as Codec Communications Private Limited under registration number 25-14448 by Anil Rajadhyaksha and Sunil Rajadhyaksha.

The Company commenced its operations as a software services company on January 10, 1989. The name of the Company was changed to HOV Services Private Limited on February 27, 2006. The Company became a public company on January 5, 2006 and the name of the Company was changed to HOV Services Limited on March 9, 2006.

On January 31, 2002 Digital Boardwalk Incorporated (a company created as an acquisition vehicle) acquired 1,694 shares of the Company of the face value Rs. 100 comprising 100% of the issued and outstanding shares of the Company, which were held by Anil Rajadhyaksha and Sunil Rajadhyaksha for a consideration of $ 36,460. Upon completion of the acquisition, the Company retained the services of Anil Rajadhyaksha and Sunil Rajadhyaksha. Anil Rajadhyaksha has since resigned from the Board of the Company, while Sunil Rajadhyaksha continued as one of the Promoters of the Company. Subsequent to this acquisition, the Company entered into the BPO market and became a 100% export oriented company approved under the STPI Scheme.

The company strives to exceed expectations for every one of our customers. As a leader in Global Business Process Outsourcing, they develop fully integrated solutions that combine best-of-breed technology, leading-edge infrastructure and domain expertise to give you the most streamlined process available. Their end to end solutions for healthcare, banking and publishing and their e-content management solutions coupled with workflow based large volume transaction processing services set standards for the industry. HOV Services applies LEAN Six Sigma techniques to improve quality, reduce cost and improve cycle time of your business processes.

HOV Services' customers include over 50% of FORTUNE 100® companies across key verticals such as financial services, telecommunications, healthcare, insurance, construction, publishing, finance and accounting and government. Their customers are serviced from more than 50 locations across North America, as well as India, China and Mexico and their dedicated base of more than 12,000 employees are committed to exceeding expectations every time.

Services offered by the company includes:

BPO Services:

  • Transaction Management
  • Risk Management
  • Content Management
  • Construction Services

HOV Services provides critical support to a wide range of firms in the financial services sector, including consumer credit cards, retail and auto financing, personal loans, mortgages and other banking products. With years of industry experience and 24/7 operational capabilities our clients are able to enhance their operational and customer service capabilities while keeping costs down. Furthermore our outsourced services are tailored to comply with the ever changing regulatory and risk landscape of the financial services marketplace allowing clients to reduce their compliance burden.

  • Industrial Services
  • Financial Services 
  • Healthcare
  • Telecommunications
  • Manufacturing
  • Government
  • Publishing 
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