HandsOn Global Management (HGM) Ltd.
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ABOUT
AI Sector View
AI GENERATEDConsumer Services
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.
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 20.5%
- Company has delivered good sales growth of 42.5% CAGR over last 5 years
- Working capital cycle has improved - days down from 302 to 159
- Company comfortably covers its interest (12.1x coverage)
- Company generates healthy free cash flow
CONS
- Recent results are weak - TTM profit is down 41.1% versus prior year
- A large part of profit comes from other income (49.0% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.03x)
- Operating cash flow has been negative in recent years
- Company has delivered a poor profit growth of -38.2% over past five years
- Operating margins have contracted to 12.5% from 36.2%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NAUKRI | 1265.00 | 51.28 | 82025.21 | 0.66 | 490.05 | 42.93 | 880.75 | 11.37 | 5.94 | 39.10 |
| AFFLE | 1592.90 | 46.98 | 22446.25 | 0.00 | 128.44 | 21.74 | 747.16 | 20.37 | 16.86 | 22.43 |
| FSL | 251.90 | 26.65 | 17880.81 | 2.18 | 165.92 | -2.01 | 2724.88 | 22.69 | 17.26 | 16.56 |
| ECLERX | 1899.40 | 24.51 | 17863.99 | 0.05 | 1642.42 | 1060.31 | 11523.58 | 1133.05 | 40.23 | 23.02 |
| PROTEAN | 489.95 | 24.09 | 1990.24 | 2.04 | 5.86 | -75.43 | 250.96 | 19.03 | 13.19 | 4.95 |
| HGS | 384.05 | 55.50 | 1786.61 | 0.00 | -662.60 | -6037.28 | 10503.60 | 894.44 | 3.21 | -3.28 |
| ONEPOINT | 57.66 | 33.60 | 1516.09 | 0.00 | 16.31 | 72.83 | 158.32 | 129.42 | 17.04 | 22.61 |
| ALLDIGI | 801.10 | 14.28 | 1220.74 | 7.49 | 18.12 | 21.69 | 150.28 | 4.43 | 41.28 | 27.52 |
| MATRIMONY | 509.70 | 23.49 | 1053.72 | 0.98 | 19.08 | 127.14 | 130.51 | 13.16 | 21.40 | 20.06 |
| VAKRANGEE | 5.46 | 55.30 | 591.42 | 0.00 | 2.26 | -32.03 | 55.92 | -18.76 | 6.07 | 11.87 |
| SIGMA | 45.07 | 14.81 | 463.21 | 1.11 | 12.57 | 142.57 | 23.03 | 11.48 | 48.51 | 33.59 |
| HGM | 49.09 | 17.24 | 61.83 | 0.00 | -2.06 | -219.46 | 10.80 | -20.65 | -0.42 | -10.97 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 13 | 12 | 10 | |
| 3 | 4 | 3 | 3 | 5 | 5 | 5 | 4 | 11 | 16 | 12 | 10 | 11 | |
| Operating Profit | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | -1 |
| OPM % | 14.85% | 16.32% | 16.29% | 18.97% | 16.49% | 15.95% | 14.66% | 18.66% | 17.49% | 13.98% | 6.78% | 12.19% | -7.39% |
| 0 | 3 | 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 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 0 | 2 | -0 |
| Tax % | 30.99% | 8.52% | 27.27% | 25.69% | 27.10% | 25.93% | 10.20% | -11.86% | 28.22% | 24.81% | 26.00% | 19.58% | 28.87% |
| Net Profit | 0 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 0 | 2 | -0 |
| 0.39 | 2.21 | 0.50 | 0.64 | 0.62 | 0.63 | 1.05 | 1.05 | 1.37 | 1.58 | 0.24 | 1.21 | -0.24 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 14 | 13 | 11 | 11 | 10 | 10 | 12 | 16 | 22 | 57 | 53 | |
| 13 | 12 | 10 | 9 | 7 | 8 | 10 | 14 | 19 | 50 | 49 | |
| Operating Profit | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 7 | 4 |
| OPM % | 4.76% | 6.51% | 7.25% | 19.20% | 22.32% | 21.80% | 18.36% | 15.54% | 15.57% | 12.51% | 7.87% |
| 2 | -8 | 2 | -59 | 62 | -64 | 2 | 4 | 2 | 4 | 3 | |
| Interest | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 |
| Profit before Tax | 2 | -8 | 2 | -58 | 63 | -63 | 4 | 6 | 5 | 7 | 5 |
| Tax % | 34.28% | -7.03% | 28.61% | -1.41% | 1.19% | -1.38% | 27.03% | 17.59% | 11.93% | 24.53% | 22.42% |
| Net Profit | 1 | -9 | 1 | -59 | 63 | -64 | 3 | 5 | 4 | 6 | 4 |
| EPS | 0.00 | 0.00 | 1.02 | 0.00 | 49.65 | -50.78 | 2.08 | 3.75 | 3.35 | 4.46 | — |
| 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:
- 43%
- 3 Years:
- 68%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 15%
- 5 Years:
- -38%
- 3 Years:
- 29%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -39%
RETURN ON EQUITY
- 10 Years:
- -7%
- 5 Years:
- -12%
- 3 Years:
- 16%
- Last Year:
- 16%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 75 | 67 | 68 | 9 | 72 | 8 | 10 | 15 | 19 | 25 | |
| 5 | 4 | 3 | 3 | 2 | 3 | 1 | 1 | 1 | 8 | |
| Trade Payables | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 |
| 0 | 1 | 1 | 2 | 1 | 1 | 2 | 2 | 3 | 5 | |
| Total Liabilities | 94 | 85 | 86 | 27 | 88 | 25 | 27 | 31 | 38 | 53 |
| 0 | 0 | 0 | 1 | 1 | 2 | 2 | 1 | 1 | 9 | |
| 66 | 66 | 66 | 5 | 66 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 15 | 30 | |
| Cash & Bank | 11 | 4 | 6 | 3 | 5 | 3 | 5 | 11 | 8 | 3 |
| 17 | 15 | 14 | 18 | 16 | 19 | 20 | 11 | 14 | 11 | |
| Total Assets | 94 | 85 | 86 | 27 | 88 | 25 | 27 | 31 | 38 | 53 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 11 | 3 | -2 | 2 | 0 | 3 | -1 | -1 | 1 | |
| Cash from Investing | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 4 | 1 | 0 |
| Cash from Financing | -2 | -10 | -1 | -2 | -2 | -2 | -1 | -1 | -1 | -3 |
| 1 | 2 | 2 | -4 | 0 | -1 | 1 | 2 | -0 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
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 - HandsOn Global Management (HGM) Limited has informed the Exchange regarding Outcome of Board Meeting held on September 03, 2026.
2026-08-25 - HandsOn Global Management (HGM) Limited has informed the Exchange about Copy of Newspaper Publication for 38th AGM
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 - HandsOn Global Management (HGM) Limited has informed the Exchange about Copy of Newspaper Publication
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 - HandsOn Global Management (HGM) Limited has informed the Exchange regarding Outcome of Board Meeting held on August 14, 2026.
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 - 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
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