HandsOn Global Management (HGM) Ltd.

•

hgmlimited.comBSE: 532761NSE: HGM

Market Cap₹ 61 Cr.

Current Price

High / Low₹ 82 / 42

Stock P/E—

Book Value₹ 15

Price to Book2.81

Dividend Yield0.00 %

ROCE-0.4 %

ROE-13.7 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2019 • Software & IT Enabled Services: 100.0%

AI Sector View

AI GENERATED

Consumer Services

Buy

Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.

Confidence

73%

View full sector analysis →

PROS

Company has delivered good sales growth of 43.9% CAGR over last 5 years
Working capital cycle has improved - days down from 141 to 31
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 212.2% versus prior year
Company has a low return on equity of 5.3% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -2.23x)
Interest coverage is weak at -0.1x - earnings barely cover interest

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

Peer comparison

Consumer ServicesITBPO/ITeS

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	NAUKRI	1250.90	50.71	81110.93	0.67	490.05	42.93	880.75	11.37	5.94	39.10
2.	AFFLE	1568.20	46.25	22098.19	0.00	128.44	21.74	747.16	20.37	16.86	22.43
3.	ECLERX	1897.90	24.49	17849.89	0.05	1642.42	1060.31	11523.58	1133.05	40.23	23.02
4.	FSL	247.70	26.20	17582.68	2.22	165.92	-2.01	2724.88	22.69	17.26	16.56
5.	PROTEAN	491.90	24.28	2005.93	2.03	5.86	-75.43	250.96	19.03	13.19	4.95
6.	HGS	379.20	54.80	1764.05	0.00	-662.60	-6037.28	10503.60	894.44	3.21	-3.28
7.	ONEPOINT	56.37	32.84	1482.17	0.00	16.31	72.83	158.32	129.42	17.04	22.61
8.	ALLDIGI	796.65	14.21	1213.96	7.53	18.12	21.69	150.28	4.43	41.28	27.52
9.	MATRIMONY	511.85	23.59	1058.17	0.98	19.08	127.14	130.51	13.16	21.40	20.06
10.	VAKRANGEE	5.39	54.59	583.84	0.00	2.26	-32.03	55.92	-18.76	6.07	11.87
11.	SIGMA	44.12	14.50	453.44	1.13	12.57	142.57	23.03	11.48	48.51	33.59
12.	HGM	48.68	17.10	61.31	0.00	-2.06	-219.46	10.80	-20.65	-0.42	-10.97

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	4	4	4	4	6	6	6	6	14	19	14	13	11
	3	4	3	3	5	5	5	4	11	18	17	15	13
Operating Profit	1	1	1	1	1	1	1	1	2	1	-2	-2	-2
OPM %	14.85%	16.32%	16.29%	18.97%	16.49%	15.95%	14.66%	18.66%	17.49%	5.75%	-16.91%	-16.10%	-22.94%
	0	0	0	0	0	0	1	0	1	1	1	1	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	1	1	1	1
Profit before Tax	1	1	1	1	1	1	1	1	2	1	-3	-2	-2
Tax %	30.99%	26.53%	27.27%	25.69%	27.10%	25.93%	10.20%	-11.86%	28.33%	56.90%	-4.33%	-20.67%	5.72%
Net Profit	0	0	0	0	1	1	1	1	2	0	-3	-2	-2
	0.39	0.57	0.50	0.64	0.62	0.63	1.05	1.05	1.37	0.39	-2.48	-1.71	-1.64

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	15	14	11	11	10	10	12	16	22	59	57
	16	14	10	10	7	8	10	14	19	61	63
Operating Profit	-0	0	0	1	2	2	2	3	3	-1	-6
OPM %	-0.71%	0.09%	0.66%	11.68%	22.32%	21.80%	18.36%	15.54%	15.56%	-1.97%	-10.30%
	2	5	2	2	2	2	4	2	2	4	3
Interest	1	1	1	1	0	0	0	0	0	1	2
Depreciation	1	1	1	1	1	1	1	1	1	3	3
Profit before Tax	-0	3	1	1	3	3	5	4	5	-1	-6
Tax %	-151.32%	22.75%	74.57%	54.85%	23.86%	28.85%	17.76%	27.56%	11.94%	-149.71%	-17.80%
Net Profit	-1	2	0	1	2	2	4	3	4	-3	-7
EPS	0.00	0.00	0.14	0.00	2.04	1.71	3.63	2.13	3.35	-2.42	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 15%
5 Years:: 44%
3 Years:: 70%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -39%

RETURN ON EQUITY

10 Years:: 4%
5 Years:: 7%
3 Years:: 5%
Last Year:: -14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	13	13	13	13	13	13	13	13	13	13
	21	704	431	21	83	17	10	10	11	8
	12	4	3	3	2	3	1	1	1	23
Trade Payables	1	1	1	1	1	1	1	1	2	6
	4	288	161	13	17	12	13	11	13	24
Total Liabilities	51	1,010	608	50	116	45	38	36	41	74
	2	1	1	1	1	2	2	1	1	27
	20	987	586	27	92	18	7	5	2	0
	0	0	0	0	0	0	0	8	15	28
Cash & Bank	11	6	7	4	7	5	9	11	8	7
	17	15	14	19	16	20	20	11	14	12
Total Assets	51	1,010	608	50	116	45	38	36	41	74

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2	10	3	-2	2	0	3	-3	-1	-4
Cash from Investing	1	1	1	-10	1	1	2	4	1	0
Cash from Financing	-1	-8	-1	8	-2	-2	-1	-1	-1	6
	1	3	2	-4	0	-1	3	-0	-0	2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	50.42	50.42	50.42	50.42	50.42	50.42	50.42	50.42	50.42
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	49.58	49.58	49.58	49.58	49.58	49.58	49.58	49.58	49.58

Documents

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

2026-09-08

Clarification - Financial Results

2026-09-08 - The Exchange has sought clarification from HandsOn Global Management (HGM) Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.

2026-09-03

Outcome of Board Meeting

2026-09-03 - HandsOn Global Management (HGM) Limited has informed the Exchange regarding Outcome of Board Meeting held on September 03, 2026.

2026-08-25

Copy of Newspaper Publication

2026-08-25 - HandsOn Global Management (HGM) Limited has informed the Exchange about Copy of Newspaper Publication for 38th AGM

2026-08-24

Shareholders meeting

2026-08-24 - HandsOn Global Management (HGM) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 18, 2026

2026-08-15

Copy of Newspaper Publication

2026-08-15 - HandsOn Global Management (HGM) Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-14

Outcome of Board Meeting

2026-08-14 - HandsOn Global Management (HGM) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-14

Outcome of Board Meeting

2026-08-14 - HandsOn Global Management (HGM) Limited has informed the Exchange regarding Outcome of Board Meeting held on August 14, 2026.

2026-07-28

General Updates

2026-07-28 - HandsOn Global Management (HGM) Limited has informed the Exchange about General Updates-Convening the 38th Annual General Meeting on September 18, 2026 through "VC"/"OAVM".

2026-07-24

Disclosure of material issue

2026-07-24 - HandsOn Global Management (HGM) Limited has informed regarding receipt of No Objection Letter from the Exchanges approving the Company's application for Promoters Re-classification.

News

Recent coverage and analyst commentary for HGM

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HandsOn Global Management (HGM) Ltd.

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Free 5nance Account

Name

NAUKRI

1250.90

50.71

81110.93

0.67

490.05

42.93

880.75

11.37

5.94

39.10

AFFLE

1568.20

46.25

22098.19

0.00

128.44

21.74

747.16

20.37

16.86

22.43

ECLERX

1897.90

24.49

17849.89

0.05

1642.42

1060.31

11523.58

1133.05

40.23

23.02

FSL

247.70

26.20

17582.68

2.22

165.92

-2.01

2724.88

22.69

17.26

16.56

PROTEAN

491.90

24.28

2005.93

2.03

5.86

-75.43

250.96

19.03

13.19

4.95

HGS

379.20

54.80

1764.05

0.00

-662.60

-6037.28

10503.60

894.44

3.21

-3.28

ONEPOINT

56.37

32.84

1482.17

0.00

16.31

72.83

158.32

129.42

17.04

22.61

ALLDIGI

796.65

14.21

1213.96

7.53

18.12

21.69

150.28

4.43

41.28

27.52

MATRIMONY

511.85

23.59

1058.17

0.98

19.08

127.14

130.51

13.16

21.40

20.06

VAKRANGEE

5.39

54.59

583.84

0.00

2.26

-32.03

55.92

-18.76

6.07

11.87

SIGMA

44.12

14.50

453.44

1.13

12.57

142.57

23.03

11.48

48.51

33.59

HGM

48.68

17.10

61.31

0.00

-2.06

-219.46

10.80

-20.65

-0.42

-10.97

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

Operating Profit

-2

OPM %

14.85%

16.32%

16.29%

18.97%

16.49%

15.95%

14.66%

18.66%

17.49%

5.75%

-16.91%

-16.10%

-22.94%

Interest

Depreciation

Profit before Tax

-3

-2

Tax %

30.99%

26.53%

27.27%

25.69%

27.10%

25.93%

10.20%

-11.86%

28.33%

56.90%

-4.33%

-20.67%

5.72%

Net Profit

-3

-2

0.39

0.57

0.50

0.64

0.62

0.63

1.05

1.37

0.39

-2.48

-1.71

-1.64

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

Operating Profit

-0

-1

-6

OPM %

-0.71%

0.09%

0.66%

11.68%

22.32%

21.80%

18.36%

15.54%

15.56%

-1.97%

-10.30%

Interest

Depreciation

Profit before Tax

-0

-1

-6

Tax %

-151.32%

22.75%

74.57%

54.85%

23.86%

28.85%

17.76%

27.56%

11.94%

-149.71%

-17.80%

Net Profit

-1

-3

-7

EPS

0.00

0.14

0.00

2.04

1.71

3.63

2.13

3.35

-2.42

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

704

431

Trade Payables

288

161

Total Liabilities

1,010

608

116

987

586

Cash & Bank

Total Assets

1,010

608

116

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-2

-3

-1

-4

Cash from Investing

-10

Cash from Financing

-1

-8

-1

-2

-1

-4

-1

-0

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

50.42

FIIs

0.00

DIIs

0.00

Government

0.00

49.58

HandsOn Global Management (HGM) 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

HandsOn Global Management (HGM) 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