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Last Updated: April 2, 2026, 3:02 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532859 | NSE: HGS

Hinduja Global Solutions Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹335.28Fairly Valued by 8.89%vs CMP ₹368.00

P/E (15.0) × ROE (1.6%) × BV (₹1,712.00) × DY (2.00%)

Defaults: P/E=15

₹943.14Undervalued by 156.29%vs CMP ₹368.00
MoS: +61% (Strong)Confidence: 50/100 (Moderate)Models: 5 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹218.8225%Over (-40.5%)
Graham NumberEarnings₹605.5723%Under (+64.6%)
Net Asset ValueAssets₹1,714.1110%Under (+365.8%)
EV/EBITDAEnterprise₹944.5313%Under (+156.7%)
Earnings YieldEarnings₹95.2010%Over (-74.1%)
ROCE CapitalReturns₹3,056.8013%Under (+730.7%)
Revenue MultipleRevenue₹947.768%Under (+157.5%)
Consensus (7 models)₹943.14100%Undervalued
Key Drivers: EPS CAGR -34.7% drags value — could be higher if earnings stabilize. | ROE 1.6% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -34.7% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

48
Hinduja Global Solutions Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 3.0% WeakROE 1.6% WeakD/E 0.14 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 68.0% Stable
Earnings Quality50/100 · Moderate
OPM stable around 7% Steady
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -2% YoY FlatProfit (4Q): -113% YoY Declining
Industry Rank25/100 · Weak
ROCE 3.0% vs industry 19.3% Below peersROE 1.6% vs industry 20.9% Below peers3Y sales CAGR: 1% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:02 am

Market Cap 1,710 Cr.
Current Price 368
Intrinsic Value₹943.14
High / Low 629/342
Stock P/E
Book Value 1,712
Dividend Yield0.00 %
ROCE3.01 %
ROE1.60 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Hinduja Global Solutions Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Hinduja Global Solutions Ltd 1,710 Cr. 368 629/342 1,7120.00 %3.01 %1.60 % 10.0
Allsec Technologies Ltd 1,609 Cr. 1,0531,252/57924.2 1614.28 %30.5 %26.0 % 10.0
BLS E-Services Ltd 1,480 Cr. 163 233/12426.4 55.50.61 %15.8 %11.0 % 10.0
Aurum Proptech Ltd 1,193 Cr. 166 227/144 67.80.00 %2.83 %14.6 % 5.00
One Point One Solutions Ltd 1,158 Cr. 44.0 70.0/40.630.8 16.20.00 %13.0 %10.2 % 2.00
Industry Average5,854.87 Cr451.9723.74177.460.54%19.34%20.92%7.41

All Competitor Stocks of Hinduja Global Solutions Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 1,1681,1191,0701,1331,1801,2041,0991,0921,0871,0641,1611,0561,091
Expenses 1,0921,0371,0341,0571,0821,0881,0321,0751,0531,0001,0191,0281,065
Operating Profit 7582367798115661734641422926
OPM % 6%7%3%7%8%10%6%2%3%6%12%3%2%
Other Income 248789811410891159345120171137189132
Interest 35382439464851566256555854
Depreciation 118118114124135142133131133138121128118
Profit before tax 1705-328251641174-414110331-14
Tax % -40%-1,040%-1,020%41%25%50%-112%7%24%121%102%64%92%
Net Profit 23952261718888162-51-9-211-27
EPS in Rs 56.799.684.823.203.812.1819.4535.59-9.74-0.570.823.75-4.20

Last Updated: January 1, 2026, 11:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 9:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,5052,8083,3213,7113,8494,4704,9862,6024,2734,5054,6164,4044,384
Expenses 2,1832,4953,0103,2933,4404,0524,3202,5204,0024,2574,2554,1414,170
Operating Profit 32231331141840941966781271248360263214
OPM % 13%11%9%11%11%9%13%3%6%6%8%6%5%
Other Income 342526232147583536,225581472773660
Interest 3939404335409435161141188234213
Depreciation 86105136143141178291117345455534523491
Profit before tax 2311931602552542473392825,991232110278170
Tax % 27%15%37%30%22%29%39%-19%-1%-44%-19%64%
Net Profit 1701651001791991762063366,06133413110117
EPS in Rs 41.1539.8624.3143.2748.2342.4948.4380.391,446.7863.2228.6326.109.52
Dividend Payout % 24%25%31%12%10%12%21%25%15%24%24%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-2.94%-39.39%79.00%11.17%-11.56%17.05%63.11%1703.87%-94.49%-60.78%-22.90%
Change in YoY Net Profit Growth (%)0.00%-36.45%118.39%-67.83%-22.73%28.60%46.06%1640.76%-1798.36%33.71%37.88%

Hinduja Global Solutions Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:-2%
3 Years:1%
TTM:-5%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-229%
Stock Price CAGR
10 Years:9%
5 Years:8%
3 Years:-28%
1 Year:-42%
Return on Equity
10 Years:20%
5 Years:22%
3 Years:1%
Last Year:-1%

Last Updated: September 5, 2025, 6:15 am

Balance Sheet

Last Updated: December 4, 2025, 1:22 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 21212121212121214253474747
Reserves 1,4311,0541,1681,3171,4991,6231,6992,0648,0348,4947,4417,6627,918
Borrowings 6346418386625865926051,1801,4099982,1071,9431,899
Other Liabilities 3433584104415157191,7201,0772,1211,7431,4611,4991,459
Total Liabilities 2,4302,0732,4362,4402,6202,9554,0454,34211,60511,28811,05611,15011,322
Fixed Assets 1,0887729369499191,0331,7331,5782,1762,8122,7562,9222,819
CWIP 241432155391313912
Investments 7910511151052,4822,7533,3003,6433,791
Other Assets 1,3321,2891,4761,4541,6891,9022,2972,7566,9385,7104,9864,5764,700
Total Assets 2,4302,0732,4362,4402,6202,9554,0454,34211,60511,28811,05611,15011,322

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 235191146409343170884692530111192457
Cash from Investing Activity + -130-62-186-120-55-226-366-2171,87132178518
Cash from Financing Activity + -14-90-69-246-136-83-310-476-867-1,108-808-898
Net Cash Flow 9140-10943152-138208-11,534-964-43877
Free Cash Flow 8229-106229222-1677153999173263238
CFO/OP 91%87%65%116%93%59%153%1,011%433%120%71%160%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-312.00-328.00-527.00-244.00-177.00-173.0062.0080.00270.00-750.00358.00262.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 6853504678957217361595963
Inventory Days
Days Payable
Cash Conversion Cycle 6853504678957217361595963
Working Capital Days 3542241353831111-111584872
ROCE %14%12%11%15%15%13%20%1%2%2%2%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 66.59%67.72%67.72%67.72%67.72%67.99%67.99%67.99%67.99%67.99%67.99%67.99%
FIIs 12.40%12.51%12.41%12.39%12.49%12.51%12.88%11.98%11.93%11.83%11.83%11.82%
DIIs 0.29%0.28%0.28%0.27%0.23%0.23%0.24%0.24%0.01%0.01%0.01%0.01%
Government 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.05%
Public 20.72%19.51%19.60%19.63%19.56%19.27%18.89%19.79%20.06%20.15%20.17%20.13%
No. of Shareholders 1,25,38870,88569,89467,69665,50363,62565,10165,53264,41863,43962,22060,795

Shareholding Pattern Chart

No. of Shareholders

Hinduja Global Solutions Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund 14,761 0.3 1.3814,7612025-04-22 17:25:320%
Groww Nifty Total Market Index Fund 34 0.01 0342025-04-22 17:25:320%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 26.1027.5263.661460.01161.00
Diluted EPS (Rs.) 26.1027.5263.661459.48160.82
Cash EPS (Rs.) 134.03142.97150.371489.28308.26
Book Value[Excl.RevalReserv]/Share (Rs.) 1656.951642.821656.951868.26998.63
Book Value[Incl.RevalReserv]/Share (Rs.) 1656.951642.821656.951868.26998.63
Revenue From Operations / Share (Rs.) 946.73992.20857.79780.882677.03
PBDIT / Share (Rs.) 174.50177.98141.9762.96409.54
PBIT / Share (Rs.) 62.1263.2155.2734.03262.24
PBT / Share (Rs.) 12.8623.7535.398.93212.65
Net Profit / Share (Rs.) 21.6528.1963.661460.35160.96
NP After MI And SOA / Share (Rs.) 26.1028.6363.221460.35160.96
PBDIT Margin (%) 18.4317.9316.558.0615.29
PBIT Margin (%) 6.566.376.444.359.79
PBT Margin (%) 1.352.394.121.147.94
Net Profit Margin (%) 2.282.847.42187.016.01
NP After MI And SOA Margin (%) 2.752.887.37187.016.01
Return on Networth / Equity (%) 1.571.773.8878.1616.11
Return on Capital Employeed (%) 3.263.503.061.7517.28
Return On Assets (%) 1.081.192.9262.817.73
Long Term Debt / Equity (X) 0.040.010.010.000.09
Total Debt / Equity (X) 0.150.170.030.000.14
Asset Turnover Ratio (%) 0.390.410.420.130.65
Current Ratio (X) 3.212.332.663.692.13
Quick Ratio (X) 3.202.322.653.692.13
Inventory Turnover Ratio (X) 206.940.000.000.000.00
Dividend Payout Ratio (NP) (%) 26.798.5549.617.4211.18
Dividend Payout Ratio (CP) (%) 5.041.7020.927.285.83
Earning Retention Ratio (%) 73.2191.4550.3992.5888.82
Cash Earning Retention Ratio (%) 94.9698.3079.0892.7294.17
Interest Coverage Ratio (X) 3.544.515.439.539.68
Interest Coverage Ratio (Post Tax) (X) 0.481.712.863.914.98
Enterprise Value (Cr.) 2642.514018.674673.63761.443347.38
EV / Net Operating Revenue (X) 0.600.871.040.230.59
EV / EBITDA (X) 3.264.856.272.893.92
MarketCap / Net Operating Revenue (X) 0.490.741.201.310.64
Retention Ratios (%) 73.2091.4450.3892.5788.81
Price / BV (X) 0.280.450.630.541.72
Price / Net Operating Revenue (X) 0.490.741.201.310.64
EarningsYield 0.050.030.061.430.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Hinduja Global Solutions Ltd. is a Public Limited Listed company incorporated on 13/01/1995 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L92199MH1995PLC084610 and registration number is 084610. Currently Company is involved in the business activities of Other information service activities. Company's Total Operating Revenue is Rs. 1711.09 Cr. and Equity Capital is Rs. 46.52 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Enabled ServicesTower C (1st Floor), Plot C-21, G Block, Mumbai Maharashtra 400051Contact not found
Management
NamePosition Held
Mr. Ashok P HindujaChairman
Mr. Partha DeSarkarWhole Time Director
Mr. Vynsley FernandesWhole Time Director
Mr. Paul AbrahamNon Executive Director
Mr. Sudhanshu TripathiNon Executive Director
Mr. Anil HarishIndependent Director
Ms. Bhumika BatraIndependent Director
Dr. Ganesh NatarajanIndependent Director
Mr. Pradeep UdhasIndependent Director
Mr. Munesh KhannaIndependent Director

FAQ

What is the intrinsic value of Hinduja Global Solutions Ltd and is it undervalued?

As of 09 April 2026, Hinduja Global Solutions Ltd's intrinsic value is ₹943.14, which is 156.29% higher than the current market price of ₹368.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (1.60 %), book value (₹1,712), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Hinduja Global Solutions Ltd?

Hinduja Global Solutions Ltd is trading at ₹368.00 as of 09 April 2026, with a FY2026-2027 high of ₹629 and low of ₹342. The stock is currently near its 52-week low. Market cap stands at ₹1,710 Cr..

How does Hinduja Global Solutions Ltd's P/E ratio compare to its industry?

Hinduja Global Solutions Ltd has a P/E ratio of , which is below the industry average of 23.74. This is broadly in line with or below the industry average.

Is Hinduja Global Solutions Ltd financially healthy?

Key indicators for Hinduja Global Solutions Ltd: ROCE of 3.01 % is on the lower side compared to the industry average of 19.34%; ROE of 1.60 % is below ideal levels (industry average: 20.92%). Dividend yield is 0.00 %.

Is Hinduja Global Solutions Ltd profitable and how is the profit trend?

Hinduja Global Solutions Ltd reported a net profit of ₹101 Cr in Mar 2025 on revenue of ₹4,404 Cr. Compared to ₹6,061 Cr in Mar 2022, the net profit shows a declining trend.

Does Hinduja Global Solutions Ltd pay dividends?

Hinduja Global Solutions Ltd has a dividend yield of 0.00 % at the current price of ₹368.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Hinduja Global Solutions Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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