Hinduja Global Sols. Ltd.
NSE: HGS · Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) · sector
₹334.75NSE close 2026-10-26
Key numbers
Market cap₹1,557 cr
Price₹334.75
52w high / low₹545 / ₹335
P/E–Sector median 15.5x
P/B0.2xSector median 1.5x
Book value₹1,787.7
Dividend yield0.06%Sector median 1.87%
ROE-0.5%Sector median 6.6%
ROCE1.0%Sector median 10.7%
OPM0.6%Sector median 12.6%
Debt / equity0.16xSector median 0.06x
EV/EBITDA-71.1xSector median 7.0x
Interest cover0.5x
Current ratio3.34x
Sales growth 3y-1.5%Sector median +15.8%
Profit growth 3y-54.8%Sector median +13.1%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 11 companies in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹4,730 cr vs borrowings ₹1,294 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 0.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY23, FY22).
- Net loss in 5 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Debtor days went from 59 (FY24) to 74 (FY26).
- Dividend paid in 4 of the last 5 financial years.
- Price ₹334.75 on 2026-10-26: -38.6% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹844.85 · low ₹334.75
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,087 | 1,064 | 1,161 | 1,056 | 1,091 | 1,075 | 1,085 | 1,050 |
| EBITDA | 34 | 64 | 142 | 29 | 26 | 12 | 22 | -34 |
| OPM % | 3.2% | 6.0% | 12.3% | 2.7% | 2.4% | 1.2% | 2.1% | -3.3% |
| Other income | 120 | 171 | 137 | 131 | 132 | 117 | 170 | 151 |
| Net profit | -45 | -3 | 4 | 17 | -20 | 43 | -8 | -58 |
| EPS (₹) | -8.87 | -0.57 | 0.82 | 3.75 | -4.20 | 9.15 | -1.78 | -12.51 |
| Revenue YoY | +0.4% | +1.1% | -6.6% | -0.6% | ||||
| Profit YoY | – | – | -317.6% | -433.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,264 | 4,505 | 4,616 | 4,404 | 4,307 | 4,301 |
| EBITDA | 36 | 277 | 356 | 257 | 90 | 26 |
| Net profit | 6,104 | 348 | 133 | 121 | 32 | -43 |
| EPS (₹) | 1,460.73 | 66.79 | 27.52 | 26.10 | 6.92 | -9.34 |
| Revenue growth | +38.0% | +2.5% | -4.6% | -2.2% | -1.5% | |
| Profit growth | -94.3% | -61.8% | -8.8% | -73.5% | – | |
| Dividend / share (₹) | 202.00 | 37.50 | 2.50 | 7.00 | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -1.5% | -5.1% | -1.5% |
| Net profit | -54.8% | -37.4% | – |
| EPS | -53.0% | -46.7% | – |
| Share price | – | -31.7% (2y) | -29.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 8,563 | 7,488 | 7,708 | 8,316 |
| Borrowings | – | 321 | 1,306 | 1,187 | 1,294 |
| Cash & equivalents | – | 1,219 | 3,042 | 4,279 | 4,730 |
| Total assets | – | 11,364 | 11,125 | 11,172 | 11,564 |
| Fixed assets | – | 525 | 297 | 388 | 391 |
| Capital work in progress | – | 13 | 8 | 9 | 16 |
| Investments | – | 2,744 | 1,139 | 221 | 103 |
| Receivables | – | 733 | 745 | 764 | 872 |
| Inventory | – | 17 | 17 | 26 | 31 |
| Payables | – | 417 | 296 | 509 | 351 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 590 | 124 | 192 | 457 | 413 |
| Cash from investing | 1,951 | -191 | 174 | 502 | -137 |
| Cash from financing | -1,033 | -982 | -808 | -898 | -511 |
| Capex | 237 | 295 | 185 | 244 | 133 |
| Free cash flow | 352 | -170 | 8 | 214 | 280 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.1% | 1.8% | 1.6% | 0.4% |
| ROCE % | – | 3.8% | 3.3% | 3.2% | 1.4% |
| Debtor days | – | 59 | 59 | 63 | 74 |
| Inventory days | – | 153 | 152 | 156 | 88 |
| Payable days | – | 3,827 | 2,699 | 3,058 | 1,006 |
| Cash conversion cycle (days) | – | -3,615 | -2,488 | -2,839 | -844 |
| Working capital days | – | 258 | 289 | 454 | 476 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 67.99% |
| FIIs | 11.63% |
| DIIs | 0.06% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 20.32% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 67.99% | 67.99% | 67.99% | 67.99% | 67.99% | 67.99% | 67.99% | 67.99% |
| Promoter group | % |
|---|---|
| Hinduja Group Limited | 37.85% |
| Amas Mauritius Limited | 14.04% |
| Hinduja Realty Ventures Limited | 8.14% |
| Harsha Ashok Hinduja Jt. Ashok P. Hinduja & Harsha Ashok Hinduja | 2.61% |
| Ashok P. Hinduja, Karta of S.P. Hinduja HUF (Bigger) | 2.46% |
| Ambika Ashok Hinduja | 0.83% |
| Shom Ashok Hinduja | 0.65% |
| Ashok P. Hinduja Jt. Harsha Ashok Hinduja & Ashok P. Hinduja | 0.36% |
| HINDUJA GROUP LTD JTLY WITH HINDUJA REALTY VENTURES LTD(as Demat A/c holder and Partners of Aasia Exports) | 0.36% |
| Vinoo Srichand Hinduja | 0.30% |
| Ashok P. Hinduja, Karta of A.P. Hinduja (HUF) | 0.25% |
| Hinduja Properties Limited | 0.13% |
| Shanoo S. Mukhi | 0.00% |
| HFL Enterprises Private Limited (Formerly known as Hinduja Finance Limited) | 0.00% |
| Aasia Corporation LLP | 0.00% |
| Public holders above 1% | % |
|---|---|
| Allstars Investments Limited | 3.70% |
| Legends Global Opportunities (Singapore) PTE. Ltd. | 3.10% |
| Bridge India Fund | 2.98% |
| Indusind International Holdings Ltd | 1.50% |
| Unico Global Opportunities Fund Limited | 1.25% |
57,002 shareholders. Pledged: 0.00% of promoter shares.
Peers in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| FSL | ₹20,370 cr | 30.1x | 4.7x | 15.8% | 16.5% | 14.8% | +16.6% | 1.87% |
| ECLERX | ₹17,255 cr | 24.0x | 6.7x | 29.9% | 39.5% | 25.3% | +15.8% | 0.03% |
| RPSGVENT | ₹2,682 cr | – | 1.1x | -5.0% | 11.6% | 13.2% | +16.5% | 6.51% |
| ONEPOINT | ₹1,828 cr | 40.7x | 4.1x | 10.6% | 12.4% | 22.8% | +30.7% | – |
| HGS | ₹1,557 cr | – | 0.2x | -0.5% | 1.0% | 0.6% | -1.5% | 0.06% |
| ALLDIGI | ₹1,172 cr | 13.7x | 4.7x | 33.5% | 42.8% | 26.3% | +15.3% | 7.81% |
| NSBBPO | ₹58 cr | 4.5x | 0.3x | 6.6% | 8.1% | 12.1% | – | – |
| WEWIN | ₹46 cr | 15.5x | 1.5x | 14.7% | 10.7% | 5.6% | +24.3% | – |
| INFORTEC | ₹34 cr | 9.0x | 1.5x | 5.4% | 6.7% | -143.0% | -21.6% | – |
| BNRUDY | ₹10 cr | 7.1x | 1.1x | -2.4% | -5.8% | -61.5% | -30.0% | – |
All 11 companies in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) →
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Business Process Management | ₹3,065 cr | 71.2% | ₹458 cr | 14.9% |
| Media and Communications | ₹1,243 cr | 28.8% | ₹-176 cr | -14.1% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-18 | Dividend | Dividend - Rs 5 Per Share |
| 2024-09-19 | Dividend | Annual General Meeting/Dividend - Rs 7 Per Share |
| 2023-09-13 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2023-03-06 | Buyback | Buy Back |
| 2023-03-06 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2022-12-07 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2022-09-23 | Dividend | Annual General Meeting/Dividend - Rs 25 Per Share |
| 2022-08-24 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2022-02-22 | Dividend | Interim Dividend - Rs 28 Per Share |
| 2022-02-22 | Bonus | Bonus 1:1 |
| 2022-01-17 | Dividend | Interim Dividend - Rs 150 Per Share |
| 2021-11-24 | Dividend | Interim Dividend - Rs 10 Per Share |
| 2021-09-20 | Dividend | Annual General Meeting/Dividend - Rs 7 Per Share/Special Dividend - Rs 15 Per Share |
| 2021-08-18 | Dividend | Interim Dividend - Rs 7 Per Sh |
| 2021-02-17 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2020-11-19 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2020-09-25 | Other | Annual General Meeting |
| 2020-09-22 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2020-02-20 | Dividend | Interim Dividend - Rs 15 Per Share |
| 2019-11-21 | Dividend | Interim Dividend - Rs 2.5 Per Share |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Business Process Management Services (BPM): Offers digital-led customer experience solutions, BPM and HRO services to clients globally
- Digital Media Business: This business is India’s premier integrated Digital Delivery Platforms Company delivering services via satellite, digital cable and broadband to over 5 million customers
| Sector | Services |
| Industry | Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) |
| Sub-industry | Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) |
| Symbol | HGS |
| BSE code | 532859 |
| ISIN | INE170I01016 |
| Face value | ₹10.0 |
| Incorporated | 1995-01-13 |
| Website | https://hgs.com |
| Plants (India / abroad) | 98 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.