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HOV Services Ltd. Stock Analysis

Small Cap
Evaluated by 248 users | BSE: 532761 | NSE: HOVS |
BPO/ITeS
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Dec'11Dec'12Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 21.15%1.55%1.81%1.54%0.36%2.1%1.85%-1.34%1.76%-29.18%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 24.712.611.412.712.513.513.712.610.511
Y-o-Y Gr. Rt.--49.3%-9.5%12.2%-1.6%7.7%1%-8.1%-16%4.1%
Adjusted EPS (Rs.) 13.411.371.170.33-0.291.070.95-1.320.88-13.14
Y-o-Y Gr. Rt.--89.8%-14.6%-71.8%-187.9%NA-11.2%-239%NA-1593.2%
Book Value per Share (Rs.) 65.3888.8867.854.7668.1569.2170.1463.1164.0617.39
Adjusted Net Profit 16.81.71.50.4-0.41.31.2-1.71.1-16.5
Net Op. Cash Flow (Rs. Cr.) 14.45.9-13.62.2-0.2-0.91.811.32.6-2.6
Debt to Cash Flow from Ops 00-0.622.89-32.85-7.683.320.461.67-1.38
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
HOV Services Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -8.6%-2.6%-7%4.1%
Adjusted EPS -199.8%NA-340%-1593.2%
Book Value per Share -13.7-23.9-37.2-72.9
Share Price -4.9% -12.9% -48.9% -53.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Dec'11Dec'12Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 21.151.551.730.61-0.421.561.36-1.991.38-32.25
Operating Profit Margin (%) 64.884.42-13.19-10.52-8.294.915.396.747.2519.2
Net Profit Margin (%) 67.6913.5912.823.26-2.879.928.73-13.2210.49-150.71
Debt to Equity 000.10.090.090.080.070.070.050.17
Working Capital Days 104348285279453351253190171228
Cash Conversion Cycle 357224264467868684104
Entity Percentage Holding
Promoters 50.44%
Non-Institutions 49.56%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of HOV Services's performance infers:

HOV Services earnings have grown by 0%, whereas share price has depreciated -12.9% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of HOV Services share prices over the last 10 years. Here is what we found out:

HOV Services share price has depreciated -12.9% annually over the past ten years.

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

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 
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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