Hexaware Technologies Ltd.

•

hexaware.comBSE: 544362NSE: HEXT

Market Cap₹ 30,380 Cr.

Current Price

High / Low₹ 808 / 400

Stock P/E38.7

Book Value₹ 52

Price to Book14.76

Dividend Yield2.31 %

ROCE34.7 %

ROE25.1 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

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PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 34.9%
Promoters have been increasing their shareholding - up 11.9pp over 2 years
Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.41x)

CONS

Recent results are weak - TTM profit is down 26.2% versus prior year
Stock is trading at 14.8x its book value
Rich enterprise valuation - EV/EBITDA of 33.7x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Software

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 150 NIFTY TOTAL MKT NIFTY 500

S.No.	Name
1.	TCS	2202.00	16.00	796702.87	5.00	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1038.20	13.91	421325.69	4.62	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1207.00	18.80	327539.38	4.47	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	167.50	12.55	165902.38	6.57	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1539.50	29.38	150891.59	3.31	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4301.15	24.39	127581.28	1.74	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11760.00	30.01	102409.76	3.40	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5537.45	45.42	87353.27	0.72	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1847.40	46.58	81835.77	0.86	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2294.10	22.92	43790.98	2.70	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3334.95	26.80	35379.24	1.74	357.10	12.97	2940.10	11.47	27.70	18.65
12.	HEXT	497.20	22.61	30379.72	2.31	330.20	-13.04	3845.20	17.93	31.40	15.74

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,287	1,368	1,573	1,661	1,687	1,764	1,818	1,947	1,860	1,972	2,091
	1,116	1,089	1,295	1,357	1,373	1,402	1,560	1,558	1,533	1,624	1,770
Operating Profit	171	279	278	304	314	362	258	390	327	348	321
OPM %	13.32%	20.40%	17.68%	18.29%	18.61%	20.51%	14.17%	20.00%	17.57%	17.67%	15.34%
	17	13	16	12	8	2	172	14	-110	-10	-56
Interest	4	6	8	20	17	18	16	16	18	14	17
Depreciation	38	32	32	36	37	35	36	37	40	41	40
Profit before Tax	146	254	255	260	267	311	378	351	159	284	265
Tax %	22.56%	20.31%	26.24%	24.38%	26.34%	23.01%	13.22%	22.88%	37.04%	24.64%	24.47%
Net Profit	113	203	188	196	197	239	328	271	100	214	200
	1.87	3.34	3.10	3.23	3.24	3.94	5.40	4.45	1.65	3.51	3.28

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2023	Dec 2024	Dec 2025	TTM
	4,985	6,289	7,389	7,870
	3,946	5,111	6,080	6,485
Operating Profit	1,039	1,178	1,309	1,386
OPM %	20.85%	18.73%	17.72%	17.60%
	34	49	-51	-162
Interest	26	54	71	64
Depreciation	135	137	147	158
Profit before Tax	913	1,036	1,040	1,059
Tax %	20.35%	24.35%	25.07%	25.88%
Net Profit	727	784	780	785
EPS	23.95	12.89	12.80	—
Dividend Payout %	73.06%	67.86%	89.83%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -34%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 26%
Last Year:: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2023	Dec 2024	Dec 2025
Equity Capital	61	61	61
	2,790	3,007	3,094
	222	566	415
Trade Payables	446	595	648
	500	1,037	1,131
Total Liabilities	4,019	5,265	5,349
	763	878	1,041
Capital Work in Progress	56	129	50
	900	1,639	1,531
	1,129	1,321	1,314
Cash & Bank	909	787	686
	262	511	727
Total Assets	4,019	5,265	5,349

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2023	Dec 2024	Dec 2025
	1,256	918	1,068
Cash from Investing	-413	-412	-410
Cash from Financing	-614	-627	-761
	229	-121	-103

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2023	Dec 2024	Dec 2025

Shareholding Pattern

Numbers in percentages

	Mar 2020	Jun 2020	Sep 2020	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	62.44	62.34	91.16	74.71	74.57	74.55	74.30	74.30	74.30
	16.82	14.03	2.94	10.59	9.76	8.31	8.15	4.20	3.19
	12.00	12.13	0.00	9.06	9.87	11.13	11.31	15.04	16.06
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	7.88	10.51	5.90	5.65	5.80	6.01	6.23	6.46	6.45

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Copy of Newspaper Publication

2026-09-10 - Hexaware Technologies Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-09

Shareholders meeting

2026-09-09 - Hexaware Technologies Limited has informed the Exchange regarding Notice of Postal Ballot

2026-09-03

Resignation of Director/KMP/SMP

2026-09-03 - Hexaware Technologies Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-09-02

Options to purchase securities

2026-09-02 - Hexaware Technologies Limited has informed the Exchange about Options to purchase securities

2026-09-02

Press Release

2026-09-02 - Hexaware Technologies Limited has informed the Exchange regarding a press release dated September 02, 2026, titled "Hexaware Appoints Vivek Jetley as CEO Designate to Lead its Next Phase of AI-Led Growth".

2026-09-02

Appointment

2026-09-02 - Hexaware Technologies Limited has informed the Exchange regarding Appointment of Vivek Jetley as Chief Executive Officer of the company w.e.f. October 28, 2026.

2026-09-02

Resignation

2026-09-02 - Hexaware Technologies Limited has informed the Exchange regarding Resignation of Mr R Srikrishna as Chief Executive Officer of the company w.e.f. October 28, 2026.

2026-09-01

Updates

2026-09-01 - Hexaware Technologies Limited has informed the Exchange regarding 'Press Release'.

2026-08-28

General Updates

2026-08-28 - Hexaware Technologies Limited has informed the Exchange about General Updates

News

Recent coverage and analyst commentary for HEXT

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Hexaware Technologies Ltd.

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Free 5nance Account

Name

TCS

2202.00

16.00

796702.87

5.00

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1038.20

13.91

421325.69

4.62

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1207.00

18.80

327539.38

4.47

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

167.50

12.55

165902.38

6.57

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1539.50

29.38

150891.59

3.31

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4301.15

24.39

127581.28

1.74

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

11760.00

30.01

102409.76

3.40

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5537.45

45.42

87353.27

0.72

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1847.40

46.58

81835.77

0.86

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2294.10

22.92

43790.98

2.70

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3334.95

26.80

35379.24

1.74

357.10

12.97

2940.10

11.47

27.70

18.65

HEXT

497.20

22.61

30379.72

2.31

330.20

-13.04

3845.20

17.93

31.40

15.74

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

1,287

1,368

1,573

1,661

1,687

1,764

1,818

1,947

1,860

1,972

2,091

1,116

1,089

1,295

1,357

1,373

1,402

1,560

1,558

1,533

1,624

1,770

Operating Profit

171

279

278

304

314

362

258

390

327

348

321

OPM %

13.32%

20.40%

17.68%

18.29%

18.61%

20.51%

14.17%

20.00%

17.57%

17.67%

15.34%

172

-110

-10

-56

Interest

Depreciation

Profit before Tax

146

254

255

260

267

311

378

351

159

284

265

Tax %

22.56%

20.31%

26.24%

24.38%

26.34%

23.01%

13.22%

22.88%

37.04%

24.64%

24.47%

Net Profit

113

203

188

196

197

239

328

271

100

214

200

1.87

3.34

3.10

3.23

3.24

3.94

5.40

4.45

1.65

3.51

3.28

Dec 2023

Dec 2024

Dec 2025

TTM

4,985

6,289

7,389

7,870

3,946

5,111

6,080

6,485

Operating Profit

1,039

1,178

1,309

1,386

OPM %

20.85%

18.73%

17.72%

17.60%

-51

-162

Interest

Depreciation

135

137

147

158

Profit before Tax

913

1,036

1,040

1,059

Tax %

20.35%

24.35%

25.07%

25.88%

Net Profit

727

784

780

785

EPS

23.95

12.89

12.80

—

Dividend Payout %

73.06%

67.86%

89.83%

—

Dec 2023

Dec 2024

Dec 2025

Equity Capital

2,790

3,007

3,094

222

566

415

Trade Payables

446

595

648

500

1,037

1,131

Total Liabilities

4,019

5,265

5,349

763

878

1,041

Capital Work in Progress

129

900

1,639

1,531

1,129

1,321

1,314

Cash & Bank

909

787

686

262

511

727

Total Assets

4,019

5,265

5,349

Dec 2023

Dec 2024

Dec 2025

1,256

918

1,068

Cash from Investing

-413

-412

-410

Cash from Financing

-614

-627

-761

229

-121

-103

Dec 2023

Dec 2024

Dec 2025

Mar 2020

Jun 2020

Sep 2020

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

62.44

62.34

91.16

74.71

74.57

74.55

74.30

16.82

14.03

2.94

10.59

9.76

8.31

8.15

4.20

3.19

12.00

12.13

0.00

9.06

9.87

11.13

11.31

15.04

16.06

Government

0.00

7.88

10.51

5.90

5.65

5.80

6.01

6.23

6.46

6.45

Hexaware Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Hexaware Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI