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Hexaware Technologies

HEXT NSE
₹501.20 No trade today
P/E
22.77
View as Markdown
MCP
Close 4 Nov 2026 ₹501.20 −198.30 −28.3% 1Y
Start ₹699.50

Key Fundamentals

SmallcapIT - SoftwareInformation Technology

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
30.10%
Debt to Equity
0.10
EPS (TTM)
₹22.01
Book Value
₹109.85
Market Cap
—
P/E (TTM)
22.77
P/B
4.56
ROE
24.90%
Dividend Yield
3.60%
EBITDA
₹2,300 Cr
52W High
₹807.75
52W Low
₹400.20
Volume
0

Peer Comparison

Information Technology › Computer Software & Consulting › Computers - Software & Consulting

Hexaware Technologies peer comparison
TCS
₹2,436.0017.08₹8,98,480 Cr7.400.96%51.80%63.00%₹2,83,248 Cr₹51,858 Cr
Infosys
₹1,128.2014.88₹4,63,085 Cr4.862.26%31.90%40.00%₹1,89,336 Cr₹30,788 Cr
HCL Tech
₹1,405.0021.88₹3,89,601 Cr5.013.34%23.80%30.40%₹1,34,374 Cr₹17,434 Cr
Wipro
₹194.5515.21₹1,94,390 Cr2.441.01%15.50%17.80%₹94,968 Cr₹13,285 Cr
Tech Mahindra
₹1,783.0034.02₹1,76,066 Cr5.880.84%17.50%23.10%₹59,176 Cr₹5,163 Cr
LTM
₹4,204.9023.84₹1,26,067 Cr4.820.59%23.10%29.60%₹44,075 Cr₹5,197 Cr
Persistent Systems
₹6,065.0049.64₹96,188 Cr7.820.66%27.20%34.40%₹15,718 Cr₹1,922 Cr
Hexaware Technologies (this company)
₹501.2022.77₹30,670 Cr4.563.60%24.90%30.10%₹14,420 Cr₹1,344 Cr
Median 8 companies₹1,594.0022.33₹1,85,228 Cr4.940.99%24.35%30.25%₹77,072 Cr₹9,241 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

58 Good

Data confidence 100/100

Category scores

Quality
65
Good
Returns, margins, earnings quality 22% weight
Valuation
58
Good
Cheap vs sector & own history 24% weight
Growth
49
Average
Sales & profit trajectory 9% weight
Financial Health
55
Average
Solvency, leverage, coverage 9% weight
Momentum
61
Good
Trend strength, vol-adjusted 12% weight
Ownership
52
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has delivered good profit growth of 18.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 49.9%

No weaknesses listed

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1234
OscillatorsBullish234
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
36.74
Neutral
MACD (12,26,9)
−4.73
Bearish
SMA (50)
532.67
Bearish
SMA (200)
531.06
Bearish

As of

Analyst Rating

Based on 17 analysts
BUY41%

7 of 17 analysts rate Buy, 6 Hold, 4 Sell.

As of

BUY
7
41%
HOLD
6
35%
SELL
4
24%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Dec 2025; 1Y: fiscal year to Dec 2025 against Dec 2024; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+15.70%
5Y+16.49%
3Y+13.44%
1Y+12.16%
TTM+13.02%

Net profit

Net profit growth by window
10Y+13.28%
5Y+17.07%
3Y+15.67%
1Y+16.52%
TTM+1.20%

Operating cash flow

Operating cash flow growth by window
10Y+16.04%
5Y+3.87%
3Y+28.43%
1Y+12.34%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−3.18 pp
5Y−2.50 pp
3Y+0.94 pp
1Y−1.05 pp
TTM−0.05 pp

Revenue by year

Revenue by year, ₹ crore
Dec 2016₹3,535 Cr
Dec 2017₹3,942 Cr
Dec 2018₹4,648 Cr
Dec 2019₹5,583 Cr
Dec 2020₹6,262 Cr
Dec 2021₹7,178 Cr
Dec 2022₹9,200 Cr
Dec 2023₹10,380 Cr
Dec 2024₹11,974 Cr
Dec 2025₹13,430 Cr

Net profit by year

Net profit by year, ₹ crore
Dec 2016₹419 Cr
Dec 2017₹500 Cr
Dec 2018₹583 Cr
Dec 2019₹641 Cr
Dec 2020₹622 Cr
Dec 2021₹749 Cr
Dec 2022₹884 Cr
Dec 2023₹998 Cr
Dec 2024₹1,174 Cr
Dec 2025₹1,368 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹514 Cr −21.7% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk medium

Hexaware Technologies Ltd trades at ₹501.8 as of 2026-10-30 with a market cap of ₹30,661 Cr, a P/E (TTM) of 22.8x, and ROE of 21.68%. The stock sits 37.9% below its 52-week high of ₹807.75 while delivering 13% TTM revenue growth and maintaining a 3.34% dividend yield.

Bull Case 8
  • Consistent profitability with ROE averaging 23-25% across 3, 5, and 10-year periods, with the latest annual ROE at 25% and trailing ROE at 21.68%, indicating durable capital efficiency
  • Strong profit growth track record with 18.5% CAGR over 5 years and 18% compounded profit growth over both 3-year and 5-year horizons
  • Near-zero leverage with a debt-to-equity ratio of just 0.10, providing significant financial flexibility and resilience through business cycles
  • Attractive dividend yield of 3.34% supported by a healthy payout ratio of 49.9%, offering meaningful income return to shareholders
  • Steady revenue compounding at 16% CAGR over both 5-year and 10-year periods, demonstrating consistent demand for its IT services
  • ROCE of 24.71% signals efficient deployment of total capital employed, well above typical cost of capital benchmarks
  • Current P/E of 22.8x is moderate for an IT services company with 18% profit CAGR, suggesting valuation is not stretched relative to historical earnings growth
  • Stock trading at ₹501.8, approximately 25% above its 52-week low of ₹400.2, indicates some recovery from recent lows while still offering a significant discount to prior peaks
Bear Case 7
  • Stock has declined 29% over the past 1 year and trades 37.9% below its 52-week high of ₹807.75, reflecting significant negative price momentum
  • TTM profit growth has decelerated sharply to 7% compared to the 5-year CAGR of 18%, signaling potential margin pressure or growth slowdown
  • Revenue growth has also moderated to 13% TTM versus the 16% 5-year and 10-year CAGR, suggesting a decelerating demand environment
  • P/B ratio of 4.57x implies the market is pricing in substantial future growth; any further earnings deceleration could compress this multiple
  • Relatively small market cap of ₹30,661 Cr compared to large-cap IT peers may result in higher volatility and lower institutional liquidity during risk-off periods
  • EPS (TTM) of ₹22.01 combined with slowing profit growth to 7% raises questions about near-term earnings trajectory and whether the P/E of 22.8x is justified if deceleration persists
  • 3-year and 5-year stock CAGR data is unavailable, making it difficult to assess medium-term shareholder value creation trends beyond the negative 1-year return of -29%

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Hexaware is showing strength on multiple fronts — consistent shareholder returns via a second interim dividend, industry recognition for its AI-native delivery capabilities, and strong employer brand scores. No material headwinds surfaced in the recent news cycle. The trend is constructive, with analyst and talent recognition reinforcing the company's positioning in the IT services space heading into H2 FY26.

Positives 3
  • ₹9.50 interim dividend declared Oct 20

    Hexaware declared a second interim dividend of ₹9.50 per share for FY26, with record date October 26 and payment on November 7.

  • Gartner MQ Visionary positioning Oct 7

    Hexaware was positioned as a Visionary in the 2026 Gartner Magic Quadrant for Custom Software Development Services, recognizing its AI-native delivery model.

  • Top employer for FDE talent Oct 6

    Hexaware was certified as a Best Firm for Forward-Deployed Engineering talent, scoring 8.42 out of 10 in employee-led assessments.

Quarterly Results

₹ Cr
HEXT quarterly results, ₹ crore
Particulars Jun 2020Sep 2020Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
1,569
1,586
2,616
2,749
2,936
3,136
3,154
3,208
3,261
3,484
3,478
3,613
3,845
3,933
Expenses
1,298
1,308
2,285
2,331
2,504
2,645
2,664
2,680
2,856
2,882
3,100
3,042
3,240
—
Operating Profit
271
277
331
418
431
491
490
528
404
601
378
571
605
—
OPM %
17%
18%
13%
15%
15%
16%
16%
16%
12%
17%
11%
16%
16%
—
Other Income
−4
−6
10
10
30
11
24
4
160
10
102
22
−50
—
Interest
15
13
7
10
12
23
21
22
21
26
31
29
33
25
Depreciation
64
57
94
60
69
74
76
74
75
89
124
91
82
87
PBT
189
201
240
358
380
406
417
436
468
497
326
473
441
543
Tax %
19%
19%
20%
22%
28%
26%
23%
25%
19%
26%
10%
26%
25%
21%
Net Profit
152
163
193
279
275
300
321
327
380
370
292
352
330
429
EPS (₹)
5.1
5.42
6.42
9.31
4.53
4.98
5.25
5.38
6.24
6.08
4.78
5.75
5.4
—

Sep 2026: from the results filed on 28 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
HEXT profit and loss, annual, ₹ crore
Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales
2,582
3,124
3,535
3,942
4,648
5,583
6,262
7,178
9,200
10,380
11,974
13,430
14,420
Expenses
2,134
2,579
2,958
3,286
3,911
4,701
5,212
6,042
7,974
8,809
10,139
11,514
12,265
Operating Profit
448
545
577
656
736
881
1,050
1,136
1,226
1,572
1,835
1,917
2,155
OPM %
17%
17%
16%
17%
16%
16%
17%
16%
13%
15%
15%
14%
15%
Other Income
16
9
40
49
58
12
35
67
179
22
75
277
84
Interest
2
1
1
2
3
10
52
37
38
42
71
106
119
Depreciation
44
48
55
63
65
103
232
224
244
284
279
361
385
PBT
418
505
560
641
727
779
800
941
1,123
1,268
1,560
1,727
1,736
Tax %
23%
22%
25%
22%
20%
18%
22%
20%
21%
21%
25%
21%
—
Net Profit
320
393
419
500
583
641
622
749
884
998
1,174
1,368
1,343
EPS (₹)
10.64
13.04
13.88
16.83
19.62
21.49
20.69
24.93
29.44
33.22
19.36
22.41
22.01
Div. Payout %
89%
66%
40%
24%
43%
40%
17%
32%
75%
53%
45%
51%
—

Balance Sheet

₹ Cr
HEXT balance sheet, annual, ₹ crore
Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Jun 2026
Equity Capital
60
60
60
59
59
60
60
60
60
61
61
61
61
Reserves
1,230
1,373
1,681
1,948
2,332
2,706
3,176
3,728
4,063
4,574
5,296
6,255
6,651
Borrowings
0
0
0
0
0
143
236
50
456
394
574
681
683
Other Liabilities
463
587
570
538
742
1,260
1,666
1,836
1,934
2,173
3,063
3,906
4,181
Total Liabilities
1,754
2,021
2,311
2,545
3,133
4,169
5,138
5,674
6,514
7,202
8,994
10,902
11,576
Fixed Assets
514
533
479
541
574
2,038
2,478
2,391
2,588
2,454
3,760
5,130
5,473
CWIP
35
116
323
256
224
86
10
12
6
55
131
50
52
Investments
186
41
21
21
13
3
0
123
0
251
0
145
0
Other Assets
1,019
1,330
1,488
1,726
2,322
2,042
2,649
3,148
3,920
4,442
5,104
5,577
6,051
Total Assets
1,754
2,021
2,311
2,545
3,133
4,169
5,138
5,674
6,514
7,202
8,994
10,902
11,576

Cash Flow

₹ Cr
HEXT cash flow, annual, ₹ crore
Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating
413
393
473
476
549
596
1,438
980
821
1,516
1,548
1,739
Investing
119
14
−197
−95
−8
−1,001
−416
−210
13
−284
−663
−914
Financing
−535
−314
−249
−280
−250
−169
−242
−602
−721
−750
−682
−831
Net Cash Flow
−3
93
26
102
290
−573
780
167
113
482
203
−6
Free Cash Flow
353
257
251
381
488
467
1,397
1,211
702
1,452
1,417
1,576
CFO/OP
118
95
107
99
96
86
151
104
87
113
101
110

Ratios

HEXT financial ratios, annual
Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days
52
51
45
50
63
64
47
52
75
65
60
56
Cash Conversion Cycle
52
51
45
50
63
64
47
52
75
65
60
56
Working Capital Days
16
19
26
36
35
18
2
9
8
0
−9
−16
ROCE %
34%
37%
35%
34%
33%
30%
27%
27%
28%
27%
30%
30%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Hexaware Technologies insights

65 extracted metrics across FY02–FY26.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.30%
  • DIIs 16.16%
  • Public 3.69%
  • FIIs 3.25%
  • Others 2.60%

No promoter shares pledged as of 14 Oct 2026

Change since Jun 2026

Not shown for some quarters: FIIs and Others. Not available separately for this quarter: the holding is recorded inside Others, so both are left blank rather than shown at a wrong split.

Documents

Frequently Asked Questions about Hexaware Technologies

What does Hexaware Technologies Ltd do?
Incoprorated in 1992, Hexaware Technologies Ltd provides AI based digital & technology solutions
Where is Hexaware Technologies Ltd (HEXT) listed?
Hexaware Technologies Ltd trades as HEXT on the NSE and under code 544362 on the BSE.
Which sector does Hexaware Technologies Ltd belong to?
Hexaware Technologies Ltd is classified under the Information Technology sector, in the Computer Software & Consulting industry.
What is the PE ratio of Hexaware Technologies Ltd?
Hexaware Technologies Ltd trades at a PE ratio of 22.77 as of 4 Nov 2026, on earnings per share of ₹22.01, against a book value of ₹109.85 per share.
What is the 52-week high and low of Hexaware Technologies Ltd?
Over the last 52 weeks Hexaware Technologies Ltd has traded between ₹400.2 and ₹807.75 as of 4 Nov 2026.
Does Hexaware Technologies Ltd pay dividends?
Hexaware Technologies Ltd has a dividend yield of 3.60%.
What is the Return on Equity (ROE) of Hexaware Technologies Ltd?
Hexaware Technologies Ltd reported a return on equity of 24.90%. Its debt-to-equity ratio is 0.10.

Company Information

Incoprorated in 1992, Hexaware Technologies Ltd provides AI based digital & technology solutions

Website hexaware.com
CEO Mr. Vinod Chandran
Employees 33,590
Listed 19 Feb 2025
Face Value ₹1

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