---
title: "HRH Next Services Ltd (HRHNEXT) — Share Price, Financials & Analysis"
symbol: "HRHNEXT"
company: "HRH Next Services Ltd"
canonical: "https://tapetide.com/stocks/HRHNEXT"
isin: "INE0R3501012"
nse_symbol: "HRHNEXT"
sector: "Commercial Services"
industry: "BPO / KPO"
market_cap_cr: 32.81
generated_at: "2026-09-13T19:02:17.301Z"
---

# HRH Next Services Ltd (HRHNEXT)

Canonical page: https://tapetide.com/stocks/HRHNEXT

## Company

- **NSE Symbol:** HRHNEXT
- **ISIN:** INE0R3501012
- **Sector:** Commercial Services
- **Industry:** BPO / KPO
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2024-01-03
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** hrhnext.com

## About

Incorporated in 2007, HRH Next Services Ltd is in the business of Business Process Outsourcing, providing Call Centre Services[1]

## Latest Price

- **Price:** ₹23.65
- **Change:** -1.2 (-4.83%)
- **Open:** ₹23.65
- **Day High:** ₹23.65
- **Day Low:** ₹23.65
- **Previous Close:** ₹24.85
- **Volume:** 6000
- **As Of:** 2026-09-11T09:36:35+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:50.068569Z.

- **Market Cap:** ₹32.81 Cr
- **Classification:** SME
- **P/E (reported):** 6.8
- **Book Value:** ₹31.38
- **Price to Book:** 0.79
- **Dividend Yield:** 0%
- **ROE:** 8.59%
- **ROCE:** 14.35%
- **Debt to Equity:** 0.43
- **Revenue (yearly):** ₹68.16 Cr
- **Net Income:** ₹5.05 Cr
- **EBITDA:** ₹12.53 Cr
- **52-Week High:** ₹39.3
- **52-Week Low:** ₹21
- **RSI (14):** 44.22

## Tapetide Score

- **Score:** 59 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Rising
- **Percentile:** 84.7 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 17.54 | 9% |
| growth | 59.17 | 9% |
| momentum | 62.25 | 12% |
| ownership | 55.73 | 24% |
| quality | 75.64 | 22% |
| valuation | 59.36 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.75 times its book value
- Promoter holding has increased by 0.98% over last quarter.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.7% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 80.76% | -130.5% | -138.39% |
| ebitda margin growth | 17.1% | 21.6% | 169.85% |
| net income growth | 62.9% | 17% | 81% |
| revenue growth | 16.31% | 10% | 23% |
| roce | -16.62% | -66.91% | 21.79% |
| roe | -2.16% | 14.64% | 106% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 21.39 | 23.98 | 29.04 | 28.81 | 32.24 | 35.92 |
| Expenses | 17.65 | 21.22 | 23.23 | 26.2 | 26.43 | 29.2 |
| Operating Profit | 3.74 | 2.76 | 5.81 | 2.61 | 5.81 | 6.72 |
| OPM % | 17.48 | 11.51 | 20.01 | 9.06 | 18.02 | 18.71 |
| Other Income | 0.13 | 0.27 | 0.07 | 0.69 | 0.02 | 0.1 |
| Interest | 0.79 | 0.77 | 0.88 | 1.05 | 0.93 | 1.05 |
| Depreciation | 1.07 | 1.46 | 1.45 | 1.81 | 2.03 | 2.29 |
| Profit before tax | 2.01 | 0.8 | 3.55 | 0.44 | 2.87 | 3.48 |
| Tax % | 25.37 | 58.75 | 42.25 | -150 | 27.18 | 20.11 |
| Net Profit | 1.51 | 0.33 | 2.04 | 1.1 | 2.08 | 2.78 |
| EPS in Rs | 2.31 | 0.36 | 1.54 | 0.83 | 1.58 | 2.11 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 24.16 | 44.15 | 51.14 | 45.37 | 57.84 | 68.16 |
| Expenses | 22.64 | 41.27 | 43.77 | 38.86 | 49.42 | 55.63 |
| Operating Profit | 1.52 | 2.88 | 7.37 | 6.51 | 8.42 | 12.53 |
| OPM % | 6.29 | 6.52 | 14.41 | 14.35 | 14.56 | 18.38 |
| Other Income | 0.08 | 0.13 | -0.23 | 0.4 | 0.76 | 0.12 |
| Interest | 0.39 | 0.48 | 0.91 | 1.56 | 1.94 | 1.98 |
| Depreciation | 0.84 | 1.12 | 1.63 | 2.53 | 3.26 | 4.32 |
| Profit before tax | 0.37 | 1.41 | 4.6 | 2.82 | 3.98 | 6.35 |
| Tax % | 32.43 | 34.75 | 39.57 | 34.4 | 21.11 | 23.46 |
| Net Profit | 0.25 | 0.93 | 2.78 | 1.84 | 3.14 | 4.86 |
| EPS in Rs | 12.5 | 46.5 | 139 | 2 | 2.38 | 3.68 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.2 | 0.2 | 0.2 | 9.21 | 13.2 | 13.2 |
| Reserves | 5.84 | 6.77 | 10.25 | 11.78 | 23.37 | 28.23 |
| Borrowings | 4.02 | 4.43 | 9.9 | 10.16 | 9.51 | 17.67 |
| Other Liabilities | 2.92 | 7.25 | 8.48 | 5.98 | 8.47 | 38.59 |
| Total Liabilities | 12.98 | 18.65 | 28.83 | 37.13 | 54.55 | 97.69 |
| Fixed Assets | 5.14 | 7.24 | 13.16 | 14.64 | 17.75 | 41.73 |
| CWIP | 0 | 0 | 0 | 0 | 2.45 | 5 |
| Investments | 0.65 | 0.91 | 0.93 | 0.15 | 0.15 | 0.15 |
| Other Assets | 7.19 | 10.5 | 14.74 | 22.34 | 34.2 | 50.81 |
| Total Assets | 12.98 | 18.65 | 28.83 | 37.13 | 54.55 | 97.69 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2.24 | 2.06 | 2.82 | -4.47 | -0.86 | 28.25 |
| Cash from Investing Activity | -3.15 | -3.39 | -7.54 | -2.87 | -8.59 | -32 |
| Cash from Financing Activity | -1.19 | -0.04 | 4.66 | 7.39 | 9.87 | 6.17 |
| Net Cash Flow | -2.09 | -1.37 | -0.05 | 0.05 | 0.42 | 2.42 |
| Free Cash Flow | -0.48 | -1.15 | -4.7 | -8.2 | -9.69 | -3.75 |
| CFO/OP | 147 | 72 | 42 | -59 | -8 | 236 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 47.59 | 56.05 | 86.72 | 99.92 | 75.79 | 94.2 |
| Cash Conversion Cycle | 47.59 | 56.05 | 86.72 | 99.92 | 75.79 | 94.2 |
| Working Capital Days | -11.78 | -2.4 | -12.49 | 82.38 | 128.1 | -10.66 |
| ROCE % | — | 17.61 | 36.85 | 16.66 | 15.33 | 15.84 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 97.88% | 97.88% | 69.61% | 55.44% | 55.5% | 55.59% | 56.57% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 0% | 25.55% | 38.58% | 38.36% | 39.17% | 37.9% |
| Others | 2.12% | 2.12% | 4.83% | 5.98% | 6.14% | 5.24% | 5.53% |
| No. of Shareholders | 15 | 15 | 565 | 395 | 458 | 519 | 541 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 24.9 | Sell |
| EMA (10) | 25.22 | Sell |
| SMA (20) | 26.05 | Sell |
| EMA (20) | 25.68 | Sell |
| SMA (50) | 26.42 | Sell |
| EMA (50) | 26.39 | Sell |
| SMA (100) | 27.59 | Sell |
| EMA (100) | 27.31 | Sell |
| SMA (200) | 28.44 | Sell |
| EMA (200) | 31.62 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 39.68 | Neutral |
| MACD (12,26,9) | -0.53 | Sell |
| Stochastic (14,3,3) | 22.75 | Neutral |
| ADX (14) | 11.66 | Neutral |
| Williams %R (14) | -96.83 | Buy |
| ATR (14) | 1.17 | High Volatility |
| ROC (12) | -15.84 | Sell |
| Stoch RSI (14) | 9.1 | Buy |
| UO (7,14,28) | 47.39 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 June 2026 - Investor presentation for audited H2FY26 and FY26 results released on June 9, 2026. | [Investor Presentation 9 June 2026 - Investor presentation for audited H2FY26 and FY26 results released on June 9, 2026.](https://nsearchives.nseindia.com/corporate/HRHNEXT_09062026173623_Intimation_of_Investor_Presentation.pdf) |
| 9 July 2026 - HRH Next Services appointed EquiBridgeX Advisors as IR agency on July 9, 2026. | [Agreements 9 July 2026 - HRH Next Services appointed EquiBridgeX Advisors as IR agency on July 9, 2026.](https://nsearchives.nseindia.com/corporate/HRHNEXT_09072026192637_Intimation_IRAgency.pdf) |
| 7 May 2026 - HRH Next Services signed a one-year call center services agreement with Heritage Finlease Limited. | [Agreements 7 May 2026 - HRH Next Services signed a one-year call center services agreement with Heritage Finlease Limited.](https://nsearchives.nseindia.com/corporate/HRHNEXT_07052026162312_IntimationOfAgreement_Heritage.pdf) |
| 5 June 2026 - HRH Next Services will host an earnings call on June 10, 2026 for H2 and FY26 audited results. | [Analysts/Institutional Investor Meet/Con. Call Updates 5 June 2026 - HRH Next Services will host an earnings call on June 10, 2026 for H2 and FY26 audited results.](https://nsearchives.nseindia.com/corporate/HRHNEXT_05062026183613_Intimation_of_Investor_Meeting.pdf) |
| 5 Aug - HRH Next signed one-year service agreement with mPokket for legal notice and statutory communication dispatch. | [Agreements 5 Aug - HRH Next signed one-year service agreement with mPokket for legal notice and statutory communication dispatch.](https://nsearchives.nseindia.com/corporate/HRHNEXT_05082026191225_Intimation_for_Agreement_mPokket.pdf) |
| 4 February 2026 - HRH Next files corrected financials for half-year ended Sep 30, 2025 with Mar 31, 2025 comparatives. | [Reply to Clarification- Financial results 4 February 2026 - HRH Next files corrected financials for half-year ended Sep 30, 2025 with Mar 31, 2025 comparatives.](https://nsearchives.nseindia.com/corporate/HRHNEXT_19012026195513_Financial_Results_30092025_Upload.pdf) |
| 31 Jul - HRH Next Services held one-on-one investor meet with Arjav Partners on July 31, 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 31 Jul - HRH Next Services held one-on-one investor meet with Arjav Partners on July 31, 2026.](https://nsearchives.nseindia.com/corporate/HRHNEXT_31072026181746_Outcome_Investor_Meeting.pdf) |
| 31 Aug - Record date set for September 16, 2026 e-voting for 20th AGM on September 23, 2026. | [Record Date 31 Aug - Record date set for September 16, 2026 e-voting for 20th AGM on September 23, 2026.](https://nsearchives.nseindia.com/corporate/HRHNEXT_31082026220756_Intimation.pdf) |
| 31 Aug - Book closure from September 17-23, 2026 for HRH Next Services' 20th AGM. | [Updates 31 Aug - Book closure from September 17-23, 2026 for HRH Next Services' 20th AGM.](https://nsearchives.nseindia.com/corporate/HRHNEXT_31082026215352_Intimation_of_Book_Closure_Dates.pdf) |
| 31 Aug - 20th AGM scheduled for September 23, 2026 at 2:00 P.M. via VC/OAVM. | [Shareholders meeting 31 Aug - 20th AGM scheduled for September 23, 2026 at 2:00 P.M. via VC/OAVM.](https://nsearchives.nseindia.com/corporate/HRHNEXT_31082026213435_Intimation_Date_of_20th_AGM.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30947_HRHNEXT_2025_2026_A_13641236_31082026214738.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28840_HRHNEXT_2024_2025_A_4360599_06092025203647.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24531_HRHNEXT_2023_2024_16072024192852.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/HRHNEXT_20062025155318_Covering_letter_Investor_meet_transcript.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://nsearchives.nseindia.com/corporate/HRHNEXT_12122025153756_HRH_Investors_Meet_Transcript.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:02:17.301Z.