HandsOn Global Management (HGM) (HGM) is loss-making over the last 12 months, losing ₹6.84 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹40.20, 49% below its 52-week high. Sales grew 70% a year over 3 years. Debt is 1.15× equity. It is a small-cap company with a market cap of ₹51 Cr, ranked 98th of 126 Information Technology Services companies by market cap; the shares fell 45% over the past year.
- ₹40.20
- ₹40.20
- ₹39.35
- ₹40.20
- 90
Health check
- ReturnsBehind
−44.6% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +70.2% a year over 3 years, but loss-making now.
- ProfitabilityNegative
ROCE -0.3% vs peer median 27.2%.
- Balance sheetStretched
Debt 1.15× equity, operating profit doesn’t cover interest, Piotroski 4 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹51 Cr
- Small cap
- P/E
- n/a
- Industry 17.7
- Price to book
- 2.48
- Peers 5.20
- Dividend yield
- 0.00%
- ROE
- −13.7%
- Peers 22.9%
- ROCE
- −0.3%
- Peers 27.2%
- Debt to equity
- 1.15
- Debt ₹23 Cr
- EPS (TTM)
- −₹5.44
- Face value ₹10
- OPM (TTM)
- −8.0%
- Net margin −12.1%
- Sales growth
- −20.6%
- Latest quarter vs a year ago
- Profit growth
- −219.4%
- Latest quarter vs a year ago
- Price to sales
- 0.89
- EV/EBITDA −75.8
Strengths and risks
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −13.7%.
- Quarterly profit down 219.4% on a year ago.
- Quarterly sales down 20.6% on a year ago.
- 49% below its 52-week high.
About HandsOn Global Management (HGM)
Handson Global Management (HGM) Limited, together with its subsidiaries, provides software and IT enabled services in North America, Asia Pacific, and the Middle East. It offers data entry services, software development, and support services; AI - driven pre -authorization transformation; AI-driven charting, coding, and billing transformation; autonomous coding for specialties using NLP and ML; intelligent claims processing and first-pass acceptance;…
- Headquarters
- Pune
- Employees
- 635
- Sector
- Technology
- ISIN
- INE596H01014
- Website
- hgmlimited.com
Price range
- Avg volume (3M)
- 6.8K
- 1-year return
- minus 44.6%
- From 52-week high
- minus 49.0%
Peers · Information Technology Services
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TCSTata Consultancy Services | 2,498.50 | plus 0.11% | 9,03,979 | 17.5 | 7.60 | 54.9% | 45.6% | 26.5% | 5.8% | 5.3% | 1.92% | minus 16.5% |
| INFYInfosys | 1,181.40 | plus 1.20% | 4,78,511 | 15.7 | 4.91 | 39.0% | 30.0% | 23.1% | 6.7% | 6.9% | 4.40% | minus 20.5% |
| HCLTECHHCL Technologies | 1,440.00 | plus 0.66% | 3,89,754 | 21.3 | 5.20 | 27.2% | 24.6% | 20.8% | 8.7% | 3.9% | 3.33% | minus 6.4% |
| WIPROWipro | 198.00 | minus 0.20% | 1,95,898 | 15.6 | 2.46 | 17.8% | 15.9% | 19.2% | 0.8% | 5.2% | 4.04% | minus 16.6% |
| TECHMTech Mahindra | 1,831.00 | plus 0.46% | 1,79,476 | 29.4 | 5.47 | 19.8% | 19.2% | 17.2% | 2.2% | −0.1% | 2.79% | plus 29.3% |
| LTMLTM | 4,338.00 | minus 1.25% | 1,28,620 | 24.6 | 4.97 | 25.4% | 21.0% | 17.9% | 8.4% | 4.4% | 1.80% | minus 21.8% |
| PERSISTENTPersistent Systems | 6,053.50 | minus 0.92% | 99,859 | 53.0 | 11.12 | 29.4% | 22.9% | 16.9% | 20.9% | 26.5% | 0.59% | plus 4.3% |
| HGMHandsOn Global Management (HGM) | 40.20 | 0.00% | 51 | – | 2.48 | −0.3% | −13.7% | −8.0% | 70.2% | – | 0.00% | minus 44.6% |
| Median of 7 peers | – | 0.11% | 1,95,898 | 21.3 | 5.20 | 27.2% | 22.9% | 19.2% | 6.7% | 5.2% | 2.79% | −16.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 13.6 | 19 | 14.2 | 12.7 | 10.8 | |
| 11.2 | 17.9 | 16.7 | 14.7 | 12 | |
| 2.4 | 1.1 | −2.4 | −2 | −1.2 | |
| 17.5% | 5.7% | −16.9% | −16.1% | −11.0% | |
| 0.5 | 0.8 | 0.7 | 1.5 | 0.3 | |
| 0.1 | 0.1 | 0.4 | 0.4 | 0.5 | |
| 0.4 | 0.6 | 0.8 | 0.8 | 0.8 | |
| 2.4 | 1.2 | −3 | −1.8 | −2.2 | |
| 28.1% | 57.0% | −4.2% | −20.4% | 5.7% | |
| 1.7 | 0.5 | −3.1 | −2.2 | −2.1 | |
| 1.37 | 0.39 | -2.48 | -1.71 | -1.64 |
Profit & loss
- Sales CAGR 3Y
- +70.2%
- ROE
- −13.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.1 | 16.1 | 22.5 | 59.5 | |
| – | +33.7% | +39.4% | +164.7% | |
| 9.5 | 13.2 | 18.7 | 60.3 | |
| 2.5 | 2.9 | 3.7 | −0.8 | |
| 20.9% | 17.9% | 16.6% | −1.4% | |
| 3.9 | 1.7 | 2.4 | 3.5 | |
| 0.2 | 0.1 | 0.2 | 1.1 | |
| 0.8 | 0.8 | 1.2 | 2.8 | |
| – | 0 | – | 0 | |
| 5.5 | 3.7 | 4.8 | −1.2 | |
| 17.8% | 27.6% | 11.9% | −149.7% | |
| 4.6 | 2.7 | 4.2 | −3.1 | |
| – | minus 41.2% | +57.0% | minus 172.4% | |
| 3.63 | 2.13 | 3.35 | -2.42 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.6 | 12.6 | 12.6 | 12.6 | |
| 10 | 10.2 | 11.5 | 7.8 | |
| 1.4 | 1 | 1.4 | 23.5 | |
| 13.7 | 11.8 | 14.1 | 29 | |
| 37.7 | 35.7 | 39.5 | 72.9 | |
| 2 | 1.4 | 1.5 | 9 | |
| 10.8 | 5.6 | 5.9 | – | |
| 8.8 | 10.9 | 7.8 | 6.3 | |
| 16.1 | 17.9 | 24.3 | 57.6 | |
| 37.7 | 35.7 | 39.5 | 72.9 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.2 | −3.4 | −0.6 | 1.5 | |
| 2.5 | 3.7 | 1.2 | 0 | |
| −1.3 | −0.5 | −0.9 | −2.8 | |
| 3.5 | −0.5 | −0.4 | −1.3 | |
| −0.7 | – | −0 | −1.3 | |
| 1.5 | −3.4 | −0.7 | 0.2 |
Shareholding pattern
- Promoters43.95%
- Public56.05%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 43.95% | 56.05% | minus 6.47 | |
| 30 Jun 2026 | 50.42% | 49.58% | 0.00 | |
| 31 Mar 2026 | 50.42% | 49.58% | 0.00 | |
| 31 Dec 2025 | 50.42% | 49.58% | 0.00 | |
| 30 Sep 2025 | 50.42% | 49.58% | – |
Major shareholders
Filings & events
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