Minerva Capital Research Solutions

Hinduja Global Solutions

NSE: HGSBSE: 532859
Compare with peers
₹ 333.00▼ 4.55 (−1.35%)28 Oct, 03:29 pm IST
Market cap
₹ 1,545 Cr.
P/E
54.8x
P/B
0.19x
52-week range
331.05 – 539.4
ROE
−1%
ROCE
1%
Dividend yield
1.5%
Debt / equity
0.24
Sector
Commercial Services & Supplies
Industry
Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
Listed on
NSE, BSE

About

Hinduja Global Solutions Limited is an India-based company, which is engaged in business process management (BPM) and media and communication business. The Company operates through two segments, namely BPM and Media and communications. The BPM segment offers voice and non-voice-based services such as contact center solutions and back-office transaction processing. The Media & Entertainment segment's activities include the commercial exploitation of Dark Fiber owned by the Company as a licensee under the Telecom regulations. The BPM includes services like back-office processing, contact center and HRO solutions. Its digital media business, NXTDIGITAL, is an integrated digital delivery platforms company delivering services via satellite, digital cable, and broadband. The Company's subsidiaries include HGS International, Mauritius; Hinduja Properties LLC, USA; HGS Canada Inc., Canada; Hinduja Global Solutions UK Ltd; Team HGS Ltd., Jamaica; HGS St. Lucia Limited, among others.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO): 16 companies →

Hinduja Global Solutions against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)54.8 against a typical 25.8: pricier than most peers (1st = cheapest).15th of 16
  • Sales growth−0.6% against a typical +23% from a year earlier.12th of 14
  • Profit growth−700% against a typical +17.7% from a year earlier.14th of 14
  • Share price, 3 months−21.4% against a typical −2.5%.11th of 12
  • Size₹ 1,545.4 Cr. market value against a typical ₹ 56.9 Cr. (1st = largest).5th of 14

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A by CRISIL
A
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CRISILCrisil AStable22 Sep 2026
Credit rating actions
RatingDetails
22 Sep 2026
Reaffirmed
Crisil A—CRISIL₹ 650 Cr.
2 Jun 2026
Reaffirmed
Crisil A—CRISIL₹ 650 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
7 Aug 2026Financial Results/Other business mattersTo consider and approve the unaudited financial results for the period ended June 30, 2026 and other business matters
4 Jun 2026Dividendto consider recommendation/ declaration of dividend, if any.
29 May 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended March 31, 2026 and other business matters
10 Feb 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended December 31, 2025 and other business matters
10 Nov 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2025 and other business matters
6 Aug 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2025 and other business matters

Share price

1Y change −37.64%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,1801,2041,0991,0921,0871,0641,1611,0561,0911,0751,0851,050
Expenses1,0821,0881,0321,0751,0531,0001,0191,0281,0651,0581,0571,085
Operating Profit981156617346414229261727−34
OPM %8%10%6%1.5%3.2%6%12%2.7%2.4%1.6%2.5%−3.3%
Other Income10891159345120171137189132203165151
Interest464851566256555854474846
Depreciation135142133131133138121128118123135124
Profit before tax251641174−414110331−14509−53
Tax %25%50%−112%7%24%121%102%64%92%31%246%26%
Net Profit18888162−51−9−211−2734−14−66
EPS in Rs3.812.1819.4535.59−9.74−0.570.823.75−4.29.15−1.78−12.51

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
3%
5 Years
11%
3 Years
−1%
TTM
−2%
Compounded Profit Growth
10 Years
—
5 Years
—
3 Years
—
TTM
−57%
Stock Price CAGR
10 Years
3%
5 Years
−23%
3 Years
−26%
TTM
—
Return on Equity
10 Years
17%
5 Years
18%
3 Years
1%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
67.99%
0 pts in a year
FIIs
11.73%
−0.1 pts in a year
DIIs
0.01%
0 pts in a year
Government
0.05%
+0.05 pts in a year
Public
20.21%
+0.06 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 54.8xEPS (12 months) ₹ 14.05Median P/E 7.5x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Hinduja Global Solutions₹ 333.00₹ 1,545 Cr.54.8x0.2x−1%—
Eternal₹ 317.00₹ 3,05,916 Cr.734.9x8.5x1.2%0.7%
Wipro₹ 189.75₹ 1,87,946 Cr.13.6x2.1x16.1%14%
Info Edge (India)₹ 1,184.60₹ 76,812 Cr.44x2x4%53.7%
Tata Technologies₹ 656.85₹ 26,672 Cr.49.3x7.8x—9.4%
Netweb Technologies India₹ 4,343.00₹ 25,818 Cr.116.9x33.4x32.8%9.4%

Management

Natarajan Radhakrishnan
President, Chief Innovation Officer
Venkatesh Korla
Global Chief Executive Officer
Mahesh Kumar Nutalapati
Global Chief Financial Officer
G. V. Giridhar
Global Chief Human Resources Officer
Narendra Singh
Executive Vice President, Compliance Officer, Company Secretary
Shilpa Sinha Harsh
Executive Vice President - Global Corporate Communications, CSR, DEI and ESG
Andrew Kokes
Executive Vice President and Global Head of Marketing
Vynsley Fernandes
Whole-Time Director, and Chief Executive Officer of NXTDIGITAL Media Businesses

Prices are delayed and for information only. Nothing on this page is investment advice.