Hinduja Global Solutions
Hinduja Global Solutions
Commercial ServicesKey Fundamentals
MicrocapBPO / KPOCommercial ServicesTapetide Score
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Key Insights
Strengths
1- Stock is trading at 0.21 times its book value
Weaknesses
6- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.6% over past five years.
- Company has a low return on equity of 1.08% over last 3 years.
- Contingent liabilities of Rs.2,810 Cr.
- Earnings include an other income of Rs.651 Cr.
- Dividend payout has been low at 8.15% of profits over last 3 years
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,133 | 1,180 | 1,204 | 1,099 | 1,092 | 1,087 | 1,064 | 1,161 | 1,056 | 1,091 | 1,075 | 1,085 | 1,050 |
| Expenses | 1,057 | 1,082 | 1,088 | 1,032 | 1,075 | 1,053 | 1,000 | 1,019 | 1,028 | 1,065 | 1,058 | 1,057 | 1,085 |
| Operating Profit | 77 | 98 | 115 | 66 | 17 | 34 | 64 | 142 | 29 | 26 | 17 | 27 | -34 |
| OPM % | 7% | 8% | 10% | 6% | 1.5% | 3.2% | 6% | 12% | 2.7% | 2.4% | 1.6% | 2.5% | -3.3% |
| Other Income | 114 | 108 | 91 | 159 | 345 | 120 | 171 | 137 | 189 | 132 | 203 | 165 | 151 |
| Interest | 39 | 46 | 48 | 51 | 56 | 62 | 56 | 55 | 58 | 54 | 47 | 48 | 46 |
| Depreciation | 124 | 135 | 142 | 133 | 131 | 133 | 138 | 121 | 128 | 118 | 123 | 135 | 124 |
| PBT | 28 | 25 | 16 | 41 | 174 | -41 | 41 | 103 | 31 | -14 | 50 | 9 | -53 |
| Tax % | 41% | 25% | 50% | -112% | 7% | 24% | 121% | 102% | 64% | 92% | 31% | 246% | 26% |
| Net Profit | 17 | 18 | 8 | 88 | 162 | -51 | -9 | -2 | 11 | -27 | 34 | -14 | -66 |
| EPS in Rs | 3.2 | 3.81 | 2.18 | 19.45 | 35.59 | -9.74 | -0.57 | 0.82 | 3.75 | -4.2 | 9.15 | -1.78 | -12.51 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,808 | 3,321 | 3,711 | 3,849 | 4,470 | 4,986 | 2,602 | 4,273 | 4,505 | 4,616 | 4,404 | 4,307 | 4,301 |
| Expenses | 2,495 | 3,010 | 3,293 | 3,440 | 4,052 | 4,320 | 2,520 | 4,002 | 4,257 | 4,255 | 4,141 | 4,205 | 4,266 |
| Operating Profit | 313 | 311 | 418 | 409 | 419 | 667 | 81 | 271 | 248 | 360 | 263 | 102 | 36 |
| OPM % | 11% | 9% | 11% | 11% | 9% | 13% | 3.1% | 6% | 6% | 8% | 6% | 2.4% | 0.8% |
| Other Income | 25 | 26 | 23 | 21 | 47 | 58 | 353 | 6,225 | 581 | 472 | 772 | 688 | 651 |
| Interest | 39 | 40 | 43 | 35 | 40 | 94 | 35 | 161 | 141 | 188 | 234 | 210 | 194 |
| Depreciation | 105 | 136 | 143 | 141 | 178 | 291 | 117 | 345 | 455 | 534 | 523 | 505 | 500 |
| PBT | 193 | 160 | 255 | 254 | 247 | 339 | 282 | 5,991 | 232 | 110 | 278 | 76 | -8 |
| Tax % | 15% | 37% | 30% | 22% | 29% | 39% | -19% | -1% | -44% | -19% | 64% | 93% | — |
| Net Profit | 165 | 100 | 179 | 199 | 176 | 206 | 336 | 6,061 | 334 | 131 | 101 | 5 | -72 |
| EPS in Rs | 39.86 | 24.31 | 43.27 | 48.23 | 42.49 | 48.43 | 80.39 | 1,447 | 63.22 | 28.63 | 26.1 | 6.92 | -9.34 |
| Div. Payout % | 25% | 31% | 12% | 10% | 12% | 21% | 25% | 15% | 24% | 24% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 42 | 53 | 47 | 47 | 47 |
| Reserves | 1,054 | 1,168 | 1,317 | 1,499 | 1,623 | 1,699 | 2,064 | 8,034 | 8,494 | 7,441 | 7,662 | 8,270 |
| Borrowings | 641 | 838 | 662 | 586 | 592 | 605 | 1,180 | 1,409 | 998 | 2,107 | 1,943 | 1,968 |
| Other Liabilities | 358 | 410 | 441 | 515 | 719 | 1,720 | 1,077 | 2,121 | 1,743 | 1,461 | 1,499 | 1,237 |
| Total Liabilities | 2,073 | 2,436 | 2,440 | 2,620 | 2,955 | 4,045 | 4,342 | 11,605 | 11,288 | 11,056 | 11,150 | 11,521 |
| Fixed Assets | 772 | 936 | 949 | 919 | 1,033 | 1,733 | 1,578 | 2,176 | 2,812 | 2,756 | 2,922 | 2,895 |
| CWIP | 4 | 14 | 32 | 1 | 5 | 5 | 3 | 9 | 13 | 13 | 9 | 18 |
| Investments | 9 | 10 | 5 | 11 | 15 | 10 | 5 | 2,482 | 2,753 | 3,300 | 3,643 | 4,144 |
| Other Assets | 1,289 | 1,476 | 1,454 | 1,689 | 1,902 | 2,297 | 2,756 | 6,938 | 5,710 | 4,986 | 4,576 | 4,464 |
| Total Assets | 2,073 | 2,436 | 2,440 | 2,620 | 2,955 | 4,045 | 4,342 | 11,605 | 11,288 | 11,056 | 11,150 | 11,521 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 191 | 146 | 409 | 343 | 170 | 884 | 692 | 530 | 111 | 192 | 457 | 413 |
| Investing | -62 | -186 | -120 | -55 | -226 | -366 | -217 | 1,871 | 32 | 178 | 518 | -84 |
| Financing | -90 | -69 | -246 | -136 | -83 | -310 | -476 | -867 | -1,108 | -808 | -898 | -511 |
| Net Cash Flow | 40 | -109 | 43 | 152 | -138 | 208 | -1 | 1,534 | -964 | -438 | 77 | -183 |
| Free Cash Flow | 29 | -106 | 229 | 222 | -16 | 771 | 539 | 99 | 173 | 263 | 238 | 286 |
| CFO/OP | 87 | 65 | 116 | 93 | 59 | 153 | 1,011 | 433 | 120 | 71 | 160 | 440 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 53 | 50 | 46 | 78 | 95 | 72 | 173 | 61 | 59 | 59 | 63 | 74 |
| Cash Conversion Cycle | 53 | 50 | 46 | 78 | 95 | 72 | 173 | 61 | 59 | 59 | 63 | 74 |
| Working Capital Days | 42 | 24 | 13 | 5 | 38 | 31 | 111 | -11 | 158 | 48 | 72 | 75 |
| ROCE % | 12% | 11% | 15% | 15% | 13% | 20% | 1% | 2% | 2% | 2% | 3% | 1% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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Documents
Frequently Asked Questions about Hinduja Global Solutions
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Company Information
Hinduja Global Solutions Ltd is engaged in the business of business process management (BPM). It offers voice and non-voice based services such as contact center solutions and back office transaction processing across the globe.[1] The company is a part of Hinduja Group which has presence in Automotive, information Technology, media, entertainment & communications, infrastructure project, development, oil & specialty chemicals, power, real estate and healthcare. It employs ~200,000 people globally.[2]
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