Hinduja Global Solutions (HGS) is loss-making over the last 12 months, losing ₹134 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹348.95, 33% below its 52-week high. Sales fell 1.7% a year over 3 years. Its dividend yield is 1.4%, and debt is 0.23× equity. It is a small-cap company with a market cap of ₹1,623 Cr, ranked 10th of 52 Specialty Business Services companies by market cap; the shares fell 33% over the past year.
- ₹358.00
- ₹358.00
- ₹344.00
- ₹347.95
- 13.7K
Health check
- ReturnsBehind
−32.8% over a year, better than 2 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthShrinking
Sales −1.7%, profit −54.1% a year over 3 years.
- ProfitabilityWeak
ROCE 1.4% vs peer median 16.6%.
- Balance sheetStretched
Debt 0.23× equity, interest covered 0.6×, Piotroski 6 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,623 Cr
- Small cap
- P/E
- n/a
- Industry 16.3
- Price to book
- 0.20
- Peers 3.73
- Dividend yield
- 1.43%
- ROE
- 0.4%
- Peers 15.5%
- ROCE
- 1.4%
- Peers 16.6%
- Debt to equity
- 0.23
- Debt ₹1,968 Cr
- EPS (TTM)
- −₹28.80
- Face value ₹10
- OPM (TTM)
- 0.8%
- Net margin −1.0%
- Sales growth
- −0.6%
- Latest quarter vs a year ago
- Profit growth
- −433.8%
- Latest quarter vs a year ago
- Price to sales
- 0.38
- EV/EBITDA −9.1
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at 0.4%.
- Quarterly profit down 433.8% on a year ago.
- Quarterly sales down 0.6% on a year ago.
- 33% below its 52-week high.
About Hinduja Global Solutions
Hinduja Global Solutions Limited engages in technology, AI, and business services in the United States, Canada, the United Kingdom, Europe, India, and internationally. The company operates through Business Process Management and Digital, Media, and Communications segments. It provides voice and non-voice based services, such as contact center solutions and back-office transaction processing, as well as operates NXTDIGITAL that provides satellite, digital…
- Headquarters
- Bengaluru
- Employees
- 16,710
- Sector
- Industrials
- ISIN
- INE170I01016
- Website
- hgs.com
Price range
- Avg volume (3M)
- 14.1K
- 1-year return
- minus 32.8%
- From 52-week high
- minus 32.9%
Peers · Specialty Business Services
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BLSBLS International Services | 223.35 | minus 1.55% | 9,192 | 12.9 | 3.73 | 26.1% | 32.7% | 26.4% | 25.5% | 50.7% | 1.14% | minus 29.5% |
| PDSLPDS | 403.90 | plus 0.45% | 5,704 | 48.7 | 3.23 | 16.6% | 6.6% | 2.9% | 6.9% | −25.0% | 0.92% | plus 6.5% |
| FUSIONCXFusion CX | 270.70 | minus 2.70% | 3,908 | 18.1 | 5.52 | 33.0% | 37.0% | 11.9% | 21.0% | 68.1% | 0.00% | minus 6.5% |
| CMSINFOCMS Info Systems | 215.99 | minus 0.62% | 3,457 | 12.2 | 1.46 | 16.2% | 12.9% | 25.0% | 9.1% | 0.7% | 2.31% | minus 40.0% |
| JAYKAYJaykay Enterprises | 201.05 | minus 4.29% | 3,033 | 13.9 | 4.08 | 30.6% | 40.5% | 10.7% | 72.2% | 220.1% | 0.00% | minus 5.0% |
| LORDSMARKLord's Mark Industries | 70.61 | minus 0.51% | 3,012 | 35.1 | 2.85 | 7.0% | 15.5% | 13.2% | 1716.6% | – | 0.00% | minus 88.9% |
| BLSEBLS E-Services | 149.81 | plus 1.81% | 2,719 | 62.2 | 4.90 | 16.3% | 12.6% | 6.7% | 66.3% | 44.9% | 0.33% | plus 45.5% |
| HGSHinduja Global Solutions | 348.95 | plus 0.29% | 1,623 | – | 0.20 | 1.4% | 0.4% | 0.8% | −1.7% | −54.1% | 1.43% | minus 32.8% |
| Median of 7 peers | – | −0.62% | 3,457 | 18.1 | 3.73 | 16.6% | 15.5% | 11.9% | 25.5% | 47.8% | 0.33% | −6.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,056 | 1,091 | 1,075 | 1,085 | 1,050 | |
| 1,028 | 1,065 | 1,058 | 1,057 | 1,085 | |
| 28.7 | 26.1 | 17 | 27.2 | −34.5 | |
| 2.7% | 2.4% | 1.6% | 2.5% | −3.3% | |
| 131 | 132 | 117 | 170 | 151 | |
| 57.9 | 53.8 | 47 | 48.1 | 45.5 | |
| 128 | 118 | 123 | 135 | 124 | |
| – | – | −4.5 | −4.8 | – | |
| −26.5 | −14.1 | −41 | 9.3 | −52.8 | |
| −75.0% | −91.6% | −36.9% | 246.2% | −25.6% | |
| 17.4 | −19.5 | 42.6 | −8.3 | −58.2 | |
| 3.75 | -4.20 | 9.15 | -1.78 | -12.51 |
Profit & loss
- Sales CAGR 3Y
- −1.7%
- Profit CAGR 3Y
- −54.1%
- EPS CAGR 3Y
- −52.3%
- ROE
- 0.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4,486 | 4,587 | 4,342 | 4,267 | |
| – | +2.3% | minus 5.3% | minus 1.7% | |
| 4,204 | 4,213 | 4,079 | 4,164 | |
| 282 | 374 | 263 | 103 | |
| 6.3% | 8.2% | 6.1% | 2.4% | |
| 391 | 337 | 543 | 543 | |
| 136 | 127 | 218 | 202 | |
| 455 | 534 | 523 | 505 | |
| 104 | 60.9 | −5.1 | −11.7 | |
| 186 | 110 | 59.8 | −72.3 | |
| −55.0% | −18.7% | 296.9% | −97.9% | |
| 332 | 133 | 121 | 32.2 | |
| – | minus 59.9% | minus 8.8% | minus 73.5% | |
| 63.66 | 27.52 | 26.10 | 6.92 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 52.5 | 46.5 | 46.5 | 46.5 | |
| 8,494 | 7,441 | 7,662 | 8,270 | |
| 998 | 2,107 | 1,943 | 1,968 | |
| 1,820 | 1,530 | 1,521 | 1,279 | |
| 11,364 | 11,125 | 11,172 | 11,564 | |
| 1,247 | 1,225 | 1,416 | 1,371 | |
| 12.9 | 8.4 | 9 | 15.7 | |
| 2,744 | 1,139 | 7 | 103 | |
| 1,152 | 2,898 | 4,205 | 4,659 | |
| 6,208 | 5,855 | 5,535 | 5,416 | |
| 11,364 | 11,125 | 11,172 | 11,564 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 111 | 192 | 457 | 413 | |
| −88.2 | 174 | 502 | −137 | |
| −1,108 | −808 | −898 | −511 | |
| −1,085 | −442 | 61.3 | −236 | |
| −295 | −185 | −244 | −133 | |
| −183 | 7.8 | 214 | 280 | |
| −109 | −11.1 | −28.4 | −1 |
Shareholding pattern
- Promoters67.99%
- Public32.01%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 67.99% | 32.01% | 0.00 | |
| 30 Jun 2026 | 67.99% | 32.01% | 0.00 | |
| 31 Mar 2026 | 67.99% | 32.01% | 0.00 | |
| 31 Dec 2025 | 67.99% | 32.01% | 0.00 | |
| 30 Sep 2025 | 67.99% | 32.01% | – |
Major shareholders
Filings & events
News
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