HOV Services Ltd: Intrinsic Value & Share Price Analysis

Q: What is the intrinsic value of HOV Services Ltd and is it undervalued?

As of 14 April 2026, HOV Services Ltd's intrinsic value is 37.33, which is 49.49% lower than the current market price of 73.90, suggesting the stock is overvalued. Calculated using the PE ratio method factoring in ROE (18.0 %), book value (19.1), dividend yield (0.00 %), and 5-year EPS CAGR.

Q: What is the current share price and 52-week range of HOV Services Ltd?

HOV Services Ltd is trading at 73.90 as of 14 April 2026, with a FY2026-2027 high of 111 and low of 41.5. The stock is currently in the middle of its 52-week range. Market cap stands at 93.0 Cr..

Q: How does HOV Services Ltd's P/E ratio compare to its industry?

HOV Services Ltd has a P/E ratio of 18.0, which is above the industry average of 15.11. The premium over industry average may reflect growth expectations.

Q: Is HOV Services Ltd financially healthy?

Key indicators: ROCE of 20.1 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Q: Is HOV Services Ltd profitable and how is the profit trend?

HOV Services Ltd reported a net profit of 4 Cr in Mar 2025 on revenue of 22 Cr. Compared to 2 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹50.50Overvalued by 31.66%vs CMP ₹73.90

P/E (18.0) × ROE (18.0%) × BV (₹19.10) × DY (2.00%)

₹37.33Overvalued by 49.49%vs CMP ₹73.90

MoS: -98% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹55.76	22%	Over (-24.5%)
Graham Number	Earnings	₹37.94	16%	Over (-48.7%)
Earnings Power	Earnings	₹25.53	13%	Over (-65.5%)
DCF	Cash Flow	₹55.58	13%	Over (-24.8%)
Net Asset Value	Assets	₹19.12	7%	Over (-74.1%)
EV/EBITDA	Enterprise	₹28.70	9%	Over (-61.2%)
Earnings Yield	Earnings	₹33.50	7%	Over (-54.7%)
ROCE Capital	Returns	₹13.76	7%	Over (-81.4%)
Revenue Multiple	Revenue	₹17.86	5%	Over (-75.8%)
Consensus (9 models)		₹37.33	100%	Overvalued

Key Drivers: Wide model spread (₹14–₹56) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 10.4%

*Investments are subject to market risks

Investment Snapshot

HOV Services Ltd scores 66/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health79/100 · Strong

ROCE 20.1% ExcellentROE 18.0% GoodD/E 0.06 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

Earnings Quality40/100 · Moderate

OPM contracting (22% → 17%) Declining

Quarterly Momentum90/100 · Strong

Revenue (4Q): +68% YoY AcceleratingProfit (4Q): +75% YoY Strong

Industry Rank60/100 · Moderate

P/E 18.0 vs industry 23.7 In-lineROCE 20.1% vs industry 19.3% Average3Y sales CAGR: 31% High growth

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: September 1, 2025, 8:15 pm

Market Cap	93.0 Cr.
Current Price	73.9
Intrinsic Value	₹37.33
High / Low	111/41.5
Stock P/E	18.0
Book Value	19.1
Dividend Yield	0.00 %
ROCE	20.1 %
ROE	18.0 %
Face Value	10.0
PEG Ratio	1.73

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for HOV Services Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
HOV Services Ltd	93.0 Cr.	73.9	111/41.5	18.0	19.1	0.00 %	20.1 %	18.0 %	10.0
Airan Ltd	175 Cr.	14.1	32.7/12.6	20.4	11.8	0.00 %	10.9 %	8.87 %	2.00
eClerx Services Ltd	13,959 Cr.	1,484	2,498/1,058	20.9	279	0.03 %	28.0 %	22.8 %	10.0
Firstsource Solutions Ltd	15,193 Cr.	215	404/201	21.6	61.8	2.56 %	15.4 %	15.0 %	10.0
Zaggle Prepaid Ocean Services Ltd	2,924 Cr.	217	470/186	23.0	97.4	0.00 %	13.0 %	9.60 %	1.00
Industry Average	5,854.87 Cr	451.97		23.74	177.46	0.54%	19.34%	20.92%	7.41

All Competitor Stocks of HOV Services Ltd

Quarterly Result

Metric	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
Sales	2.92	2.98	3.02	3.13	3.57	4.29	3.99	4.27	5.57	5.58	5.80	5.51	13.61
Expenses	2.35	2.31	2.36	2.63	3.03	3.59	3.35	3.46	4.65	4.68	4.96	4.48	11.24
Operating Profit	0.57	0.67	0.66	0.50	0.54	0.70	0.64	0.81	0.92	0.90	0.84	1.03	2.37
OPM %	19.52%	22.48%	21.85%	15.97%	15.13%	16.32%	16.04%	18.97%	16.52%	16.13%	14.48%	18.69%	17.41%
Other Income	1.46	1.42	0.45	0.58	0.40	0.48	0.42	0.47	0.44	0.48	0.92	0.44	0.52
Interest	0.01	0.06	0.05	0.04	0.04	0.03	0.03	0.03	0.05	0.05	0.04	0.04	0.08
Depreciation	0.13	0.14	0.18	0.16	0.16	0.16	0.16	0.16	0.25	0.25	0.25	0.25	0.41
Profit before tax	1.89	1.89	0.88	0.88	0.74	0.99	0.87	1.09	1.06	1.08	1.47	1.18	2.40
Tax %	13.23%	14.81%	44.32%	4.55%	31.08%	26.26%	27.59%	25.69%	27.36%	25.93%	9.52%	-12.71%	28.33%
Net Profit	1.64	1.61	0.49	0.84	0.52	0.73	0.63	0.81	0.78	0.80	1.32	1.32	1.73
EPS in Rs	1.30	1.28	0.39	0.67	0.41	0.58	0.50	0.64	0.62	0.64	1.05	1.05	1.37

Last Updated: August 20, 2025, 9:30 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 22, 2025, 3:41 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	17.33	16.40	15.15	15.43	13.60	10.54	10.97	9.66	10.06	12.06	16.12	22.47
Expenses	19.84	18.21	14.86	15.36	13.39	10.28	9.45	7.31	7.68	9.66	13.43	18.78
Operating Profit	-2.51	-1.81	0.29	0.07	0.21	0.26	1.52	2.35	2.38	2.40	2.69	3.69
OPM %	-14.48%	-11.04%	1.91%	0.45%	1.54%	2.47%	13.86%	24.33%	23.66%	19.90%	16.69%	16.42%
Other Income	1.01	0.57	1.12	1.01	4.18	0.96	1.24	1.72	1.35	3.90	1.76	2.27
Interest	0.16	0.41	0.61	0.62	0.25	-0.00	0.72	0.12	0.09	0.16	0.13	0.17
Depreciation	0.97	1.01	0.97	0.85	1.07	0.53	0.55	0.62	0.62	0.60	0.63	1.00
Profit before tax	-2.63	-2.66	-0.17	-0.39	3.07	0.69	1.49	3.33	3.02	5.54	3.69	4.79
Tax %	16.73%	-6.77%	258.82%	151.28%	22.80%	75.36%	55.03%	22.52%	28.81%	17.51%	27.37%	11.90%
Net Profit	-49.52	-155.79	-275.64	-145.56	2.38	0.18	0.67	2.57	2.15	4.57	2.69	4.22
EPS in Rs	-39.11	-124.12	-219.94	-116.15	1.90	0.14	0.53	2.04	1.71	3.63	2.14	3.35
Dividend Payout %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-214.60%	-76.93%	47.19%	101.64%	-92.44%	272.22%	283.58%	-16.34%	112.56%	-41.14%	56.88%
Change in YoY Net Profit Growth (%)	0.00%	137.67%	124.12%	54.44%	-194.07%	364.66%	11.36%	-299.92%	128.90%	-153.70%	98.02%

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

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: June 16, 2025, 12:00 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	12.50	12.51	12.53	12.53	12.54	12.59	12.59	12.59	12.60	12.60	12.60	12.60
Reserves	155.81	565.62	324.92	21.50	703.76	431.03	21.15	83.35	17.36	9.99	10.25	11.46
Borrowings	10.23	12.59	13.37	12.87	5.22	4.29	3.64	2.98	3.06	1.42	1.05	1.40
Other Liabilities	5.99	7.43	6.91	5.55	287.86	159.89	14.28	16.74	12.25	13.66	11.79	14.07
Total Liabilities	184.53	598.15	357.73	52.45	1,009.38	607.80	51.66	115.66	45.27	37.67	35.69	39.53
Fixed Assets	4.79	3.79	3.10	11.83	10.74	10.19	10.31	9.82	10.99	10.39	9.57	9.49
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	161.19	572.78	332.51	20.32	987.24	586.23	26.59	91.89	18.09	7.00	4.81	2.17
Other Assets	18.55	21.58	22.12	20.30	11.40	11.38	14.76	13.95	16.19	20.28	21.31	27.87
Total Assets	184.53	598.15	357.73	52.45	1,009.38	607.80	51.66	115.66	45.27	37.67	35.69	39.53

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-12.74	-14.40	-13.08	-12.80	-5.01	-4.03	-2.12	-0.63	-0.68	0.98	1.64	2.29

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

No data available for the Financial Efficiency data table.

Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	2.13	3.63	1.71	2.04	0.53
Diluted EPS (Rs.)	2.13	3.63	1.71	2.04	0.53
Cash EPS (Rs.)	2.63	4.11	2.20	2.54	0.97
Book Value[Excl.RevalReserv]/Share (Rs.)	18.14	17.93	23.78	76.21	26.80
Book Value[Incl.RevalReserv]/Share (Rs.)	18.14	17.93	23.78	76.21	26.80
Revenue From Operations / Share (Rs.)	12.80	9.57	7.99	7.67	8.71
PBDIT / Share (Rs.)	3.50	4.93	2.96	3.09	2.81
PBIT / Share (Rs.)	3.00	4.45	2.46	2.59	2.37
PBT / Share (Rs.)	2.90	4.33	2.39	2.50	1.80
Net Profit / Share (Rs.)	2.13	3.63	1.71	2.04	0.53
NP After MI And SOA / Share (Rs.)	2.13	3.63	1.71	2.04	0.53
PBDIT Margin (%)	27.38	51.55	37.02	40.24	32.22
PBIT Margin (%)	23.47	46.54	30.82	33.78	27.17
PBT Margin (%)	22.67	45.21	29.92	32.56	20.63
Net Profit Margin (%)	16.66	37.90	21.36	26.64	6.11
NP After MI And SOA Margin (%)	16.66	37.90	21.36	26.64	6.11
Return on Networth / Equity (%)	11.75	20.22	7.17	2.68	1.98
Return on Capital Employeed (%)	16.07	23.73	9.72	3.16	8.16
Return On Assets (%)	7.52	12.13	4.74	2.19	1.29
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.01	0.06
Total Debt / Equity (X)	0.00	0.00	0.02	0.01	0.06
Asset Turnover Ratio (%)	0.43	0.33	0.14	0.13	0.03
Current Ratio (X)	1.63	1.11	0.78	0.91	0.69
Quick Ratio (X)	1.63	1.11	0.78	0.91	0.69
Interest Coverage Ratio (X)	34.31	38.97	41.06	33.04	4.93
Interest Coverage Ratio (Post Tax) (X)	21.58	29.11	24.61	21.36	3.02
Enterprise Value (Cr.)	61.17	43.87	50.99	68.84	27.58
EV / Net Operating Revenue (X)	3.79	3.64	5.07	7.13	2.51
EV / EBITDA (X)	13.85	7.06	13.69	17.71	7.80
MarketCap / Net Operating Revenue (X)	4.48	4.38	5.47	7.78	2.66
Price / BV (X)	3.16	2.34	1.84	0.78	0.86
Price / Net Operating Revenue (X)	4.48	4.38	5.47	7.78	2.66
EarningsYield	0.03	0.08	0.03	0.03	0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

HandsOn Global Management (HGM) Ltd. is a Public Limited Listed company incorporated on 10/01/1989 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L72200PN1989PLC014448 and registration number is 014448. Currently Company is involved in the business activities of Other information technology and computer service activities n.e.c. Company's Total Operating Revenue is Rs. 22.47 Cr. and Equity Capital is Rs. 12.60 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
IT Enabled Services	3rd Floor, Sharda Arcade, Pune Satara Road, Pune Maharashtra 411037	Contact not found

Management
Name	Position Held
Mr. Parvinder S Chadha	Promoter, Chairman & Exe.Director
Mr. Sunil Rajadhyaksha	Promoter and Executive Director
Mr. Vikram Negi	Executive Director
Mr. Harjit Singh Anand	Independent Director
Mr. Ajay Puri	Independent Director

FAQ

What is the intrinsic value of HOV Services Ltd and is it undervalued?

As of 14 April 2026, HOV Services Ltd's intrinsic value is ₹37.33, which is 49.49% lower than the current market price of ₹73.90, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (18.0 %), book value (₹19.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of HOV Services Ltd?

HOV Services Ltd is trading at ₹73.90 as of 14 April 2026, with a FY2026-2027 high of ₹111 and low of ₹41.5. The stock is currently in the middle of its 52-week range. Market cap stands at ₹93.0 Cr..

How does HOV Services Ltd's P/E ratio compare to its industry?

HOV Services Ltd has a P/E ratio of 18.0, which is below the industry average of 23.74. This is broadly in line with or below the industry average.

Is HOV Services Ltd financially healthy?

Key indicators for HOV Services Ltd: ROCE of 20.1 % indicates efficient capital utilization; ROE of 18.0 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is HOV Services Ltd profitable and how is the profit trend?

HOV Services Ltd reported a net profit of ₹4 Cr in Mar 2025 on revenue of ₹22 Cr. Compared to ₹2 Cr in Mar 2022, the net profit shows an improving trend.

Does HOV Services Ltd pay dividends?

HOV Services Ltd has a dividend yield of 0.00 % at the current price of ₹73.90. The company is currently not paying meaningful dividends.