Hinduja Global Solutions Ltd.
•Add ratio to table
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
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.40x)
- Working capital cycle has improved - days down from 142 to 59
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- Operating cash flow has been negative in recent years
- Company has a low return on equity of -2.1% over last 3 years
- Company has a low return on capital employed of 0.6%
- Interest coverage is weak at -1.1x - earnings barely cover interest
- Company's sales have been declining over the last five years
* 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 | 1586.40 | 46.79 | 22354.65 | 0.00 | 128.44 | 21.74 | 747.16 | 20.37 | 16.86 | 22.43 |
| FSL | 254.80 | 26.95 | 18084.93 | 2.16 | 165.92 | -2.01 | 2724.88 | 22.69 | 17.26 | 16.56 |
| ECLERX | 1917.55 | 24.74 | 18034.70 | 0.05 | 1642.42 | 1060.31 | 11523.58 | 1133.05 | 40.23 | 23.02 |
| PROTEAN | 492.90 | 24.24 | 2002.22 | 2.03 | 5.86 | -75.43 | 250.96 | 19.03 | 13.19 | 4.95 |
| HGS | 384.60 | 55.58 | 1789.17 | 0.00 | -662.60 | -6037.28 | 10503.60 | 894.44 | 3.21 | -3.28 |
| ONEPOINT | 58.04 | 33.82 | 1526.09 | 0.00 | 16.31 | 72.83 | 158.32 | 129.42 | 17.04 | 22.61 |
| ALLDIGI | 803.25 | 14.32 | 1224.02 | 7.47 | 18.12 | 21.69 | 150.28 | 4.43 | 41.28 | 27.52 |
| MATRIMONY | 512.10 | 23.61 | 1058.68 | 0.98 | 19.08 | 127.14 | 130.51 | 13.16 | 21.40 | 20.06 |
| VAKRANGEE | 5.53 | 56.01 | 599.01 | 0.00 | 2.26 | -32.03 | 55.92 | -18.76 | 6.07 | 11.87 |
| SIGMA | 45.96 | 15.10 | 472.35 | 1.09 | 12.57 | 142.57 | 23.03 | 11.48 | 48.51 | 33.59 |
| SECMARK | 142.45 | 45.37 | 148.82 | 0.00 | -0.19 | 79.20 | 10.35 | 55.56 | 22.41 | 9.82 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 349 | 405 | 408 | 416 | 411 | 423 | 430 | 447 | 462 | 469 | 446 | 450 | 448 | |
| 346 | 398 | 394 | 408 | 456 | 430 | 433 | 437 | 471 | 471 | 455 | 461 | 561 | |
| Operating Profit | 3 | 7 | 14 | 8 | -45 | -7 | -3 | 10 | -9 | -3 | -9 | -11 | -113 |
| OPM % | 0.79% | 1.71% | 3.45% | 1.92% | -11.01% | -1.72% | -0.71% | 2.25% | -1.99% | -0.57% | -1.92% | -2.40% | -25.13% |
| 74 | 67 | 44 | 95 | 59 | 24 | 61 | 32 | 44 | 68 | 51 | 91 | 51 | |
| Interest | 20 | 25 | 23 | 22 | 31 | 29 | 30 | 27 | 27 | 28 | 25 | 25 | 24 |
| Depreciation | 61 | 70 | 70 | 67 | 65 | 63 | 65 | 64 | 62 | 59 | 61 | 68 | 59 |
| Profit before Tax | -4 | -20 | -36 | 13 | -81 | -76 | -37 | -49 | -54 | -23 | -44 | -13 | -61 |
| Tax % | -20.28% | 7.56% | 22.20% | -69.36% | -4.79% | -0.30% | -48.83% | -117.98% | -15.41% | -19.29% | -19.25% | -49.72% | -1.03% |
| Net Profit | -5 | -19 | -28 | 23 | -85 | -76 | -55 | -107 | -62 | -27 | -52 | -19 | -62 |
| -1.01 | -3.88 | -5.90 | 4.70 | -18.31 | -16.31 | -11.78 | -22.98 | -13.36 | -5.82 | -11.25 | -4.08 | -13.34 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,376 | 1,598 | 2,059 | 1,850 | 2,142 | 528 | 1,250 | 1,323 | 1,578 | 1,711 | 1,813 | |
| 1,136 | 1,375 | 1,740 | 1,511 | 1,686 | 595 | 1,224 | 1,285 | 1,537 | 1,757 | 1,948 | |
| Operating Profit | 240 | 223 | 318 | 340 | 456 | -67 | 27 | 38 | 41 | -46 | -135 |
| OPM % | 17.45% | 13.94% | 15.47% | 18.36% | 21.31% | -12.63% | 2.12% | 2.89% | 2.59% | -2.66% | -7.43% |
| 31 | 27 | 21 | 42 | 86 | 50 | 173 | 398 | 271 | 176 | 261 | |
| Interest | 15 | 16 | 10 | 11 | 58 | 17 | 125 | 101 | 91 | 117 | 102 |
| Depreciation | 82 | 78 | 84 | 79 | 177 | 43 | 221 | 233 | 268 | 257 | 248 |
| Profit before Tax | 174 | 156 | 246 | 292 | 308 | -76 | -147 | 103 | -47 | -243 | -141 |
| Tax % | 29.84% | 34.93% | 13.58% | 22.27% | 25.28% | 33.16% | 42.17% | -134.58% | 38.30% | -32.94% | -14.05% |
| Net Profit | 122 | 102 | 213 | 227 | 230 | -51 | -85 | 242 | -29 | -323 | -160 |
| EPS | 58.99 | 48.88 | 102.04 | 110.52 | 120.66 | 61.80 | 463.04 | 62.84 | -6.23 | -69.39 | — |
| Dividend Payout % | 25.40% | 20.43% | 9.79% | 9.19% | 18.13% | -163.53% | -1202.14% | 32.62% | -112.29% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 5%
- 5 Years:
- -4%
- 3 Years:
- 11%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 4%
- 5 Years:
- -22%
- 3 Years:
- -28%
- 1 Year:
- -27%
RETURN ON EQUITY
- 10 Years:
- 6%
- 5 Years:
- -2%
- 3 Years:
- -2%
- Last Year:
- -11%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 21 | 21 | 21 | 21 | 21 | 42 | 53 | 47 | 47 |
| 911 | 968 | 1,351 | 1,554 | 1,661 | 1,884 | 4,192 | 4,355 | 3,056 | 2,694 | |
| 243 | 159 | 142 | 177 | 946 | 741 | 960 | 638 | 956 | 1,131 | |
| Trade Payables | 80 | 81 | 126 | 138 | 149 | 135 | 230 | 221 | 157 | 216 |
| 382 | 426 | 511 | 613 | 694 | 907 | 1,709 | 1,355 | 1,232 | 1,303 | |
| Total Liabilities | 1,636 | 1,655 | 2,151 | 2,502 | 3,469 | 3,688 | 7,133 | 6,622 | 5,447 | 5,391 |
| 322 | 316 | 348 | 345 | 904 | 825 | 1,062 | 1,006 | 983 | 1,108 | |
| Capital Work in Progress | 1 | 1 | 1 | 0 | 0 | 3 | 5 | 2 | 3 | 3 |
| 438 | 434 | 400 | 403 | 399 | 394 | 741 | 740 | 863 | 867 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 8 | 11 | 12 | 5 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 375 | 349 | |
| Cash & Bank | 28 | 43 | 135 | 57 | 87 | 162 | 2,331 | 478 | 271 | 201 |
| 846 | 861 | 1,266 | 1,697 | 2,079 | 2,304 | 2,987 | 4,384 | 2,939 | 2,858 | |
| Total Assets | 1,636 | 1,655 | 2,151 | 2,502 | 3,469 | 3,688 | 7,133 | 6,622 | 5,447 | 5,391 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 79 | 275 | 201 | 338 | 624 | 528 | 272 | 31 | -17 | -122 | |
| Cash from Investing | -120 | -58 | -58 | -354 | -345 | -46 | 1,425 | 396 | 1,307 | 382 |
| Cash from Financing | -36 | -155 | -48 | -6 | -146 | -300 | -583 | -725 | -1,509 | -340 |
| -127 | 15 | 59 | -72 | 23 | 72 | 678 | -455 | -219 | -79 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-09 - Hinduja Global Solutions Limited has informed the Exchange about Copy of Newspaper Publication for transfer of Equity Shares of the Company toInvestor Education and Protection Fund.
2026-09-09 - We have to inform you that the Board of Directors of IndusInd Media & Communications Limited ( IMCL ), a subsidiary of the Hinduja Global Solutions Limited has approved the divest/ sell of it s (i.e. IMCL) entire shareholding in Bhima Riddhi Infotainment Private Limited and Vinsat Digital Private Limited. Detailed disclosure in this regard is attached please.
2026-09-09 - The Exchange has sought clarification from Hinduja Global Solutions 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.
2026-09-04 - Hinduja Global Solutions Limited has informed the Exchange about General Updates about Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has completed the dispatch of the communication providing QR code and the weblink from where the Annual Report for FY 2025-26 and notice convening 31st Annual General Meeting of Hinduja Global Solutions Limited ('the Company') can be accessed, to those Shareholders whose e-mail addresses are not registered with the Company/ Registrar & Transfer Agent or the Depository Participants.
2026-09-03 - Hinduja Global Solutions Limited has informed the Exchange about General Updates regarding Communication to Shareholders - Intimation on Tax Deduction on Dividend
2026-09-03 - Hinduja Global Solutions Limited has informed the Exchange about Copy of Newspaper Publication for Completion of dispatch of AGM Notice and Annual Report 2025-26
2026-09-01 - Hinduja Global Solutions Limited has informed the Exchange that pursuant to Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, communication providing QR code and the weblink from where the Annual Report for FY 2025-26 and notice convening 31st Annual General Meeting of Hinduja Global Solutions Limited ('the Company') can be accessed, are being sent to those Shareholders whose e-mail addresses are not registered with the Company/ Registrar & Transfer Agent or the Depository Participants
2026-09-01 - Hinduja Global Solutions Limited has informed the Exchange about Shareholders meeting
2026-08-28 - Hinduja Global Solutions Limited has informed the Exchange about Copy of Newspaper Publication for Notice of 31st Annual General Meeting, Record Date/ Book Closure dates and remotee-voting information
News
Recent coverage and analyst commentary for HGS
Loading news…
AI Stock Analyst
Hinduja Global Solutions Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account