Hinduja Global Solutions Ltd
Hinduja Global Solutions Ltd is engaged in the business of business process management (BPM). It offers voice and non-voice based services such as contact center solutions and back office transaction processing across the globe.[1]
The company is a part of Hinduja Group which has presence in Automotive, information Technology, media, entertainment & communications, infrastructure project, development, oil & specialty chemicals, power, real estate and healthcare. It employs ~200,000 people globally.[2]
- Market Cap ₹ 2,083 Cr.
- Current Price ₹ 448
- High / Low ₹ 740 / 436
- Stock P/E
- Book Value ₹ 572
- Dividend Yield 0.00 %
- ROCE -3.08 %
- ROE -11.0 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.78 times its book value
- Company's working capital requirements have reduced from 176 days to 15.2 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.39% over past five years.
- Company has a low return on equity of -0.91% over last 3 years.
- Contingent liabilities of Rs.2,028 Cr.
- Earnings include an other income of Rs.200 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 866 | 1,070 | 1,376 | 1,598 | 2,059 | 1,850 | 2,142 | 528 | 1,250 | 1,323 | 1,578 | 1,711 | 1,808 | |
| 688 | 861 | 1,136 | 1,375 | 1,739 | 1,511 | 1,686 | 588 | 1,223 | 1,285 | 1,537 | 1,755 | 1,808 | |
| Operating Profit | 179 | 209 | 240 | 223 | 319 | 340 | 456 | -60 | 27 | 39 | 41 | -44 | 0 |
| OPM % | 21% | 20% | 17% | 14% | 16% | 18% | 21% | -11% | 2% | 3% | 3% | -3% | 0% |
| 66 | 28 | 31 | 27 | 20 | 45 | 108 | 302 | 2,604 | 486 | 271 | 175 | 200 | |
| Interest | 18 | 16 | 15 | 16 | 10 | 11 | 58 | 17 | 125 | 101 | 91 | 117 | 112 |
| Depreciation | 42 | 61 | 82 | 78 | 84 | 79 | 177 | 43 | 222 | 233 | 268 | 257 | 251 |
| Profit before tax | 185 | 161 | 174 | 156 | 246 | 296 | 330 | 182 | 2,284 | 191 | -47 | -243 | -162 |
| Tax % | 27% | 30% | 30% | 35% | 14% | 22% | 24% | -14% | -3% | -72% | -38% | 33% | |
| 135 | 113 | 122 | 102 | 213 | 230 | 252 | 207 | 2,347 | 330 | -29 | -323 | -251 | |
| EPS in Rs | 32.66 | 27.19 | 29.50 | 24.47 | 51.10 | 55.27 | 60.36 | 49.61 | 561.44 | 62.84 | -6.23 | -69.38 | -53.94 |
| Dividend Payout % | 31% | 37% | 25% | 20% | 10% | 9% | 17% | 40% | 39% | 24% | -112% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -4% |
| 3 Years: | 11% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | -6% |
| 3 Years: | -32% |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 15% |
| 3 Years: | -1% |
| Last Year: | -11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 42 | 53 | 47 | 47 | 47 |
| Reserves | 747 | 793 | 912 | 970 | 1,352 | 1,555 | 1,661 | 1,884 | 4,202 | 4,355 | 3,056 | 2,694 | 2,614 |
| 158 | 110 | 279 | 157 | 142 | 167 | 908 | 739 | 1,061 | 783 | 1,021 | 1,201 | 1,065 | |
| 158 | 185 | 228 | 262 | 345 | 404 | 515 | 532 | 1,154 | 538 | 448 | 492 | 583 | |
| Total Liabilities | 1,084 | 1,108 | 1,440 | 1,410 | 1,859 | 2,146 | 3,105 | 3,176 | 6,459 | 5,728 | 4,571 | 4,434 | 4,309 |
| 217 | 243 | 322 | 316 | 348 | 345 | 904 | 825 | 1,062 | 1,027 | 1,004 | 1,128 | 1,045 | |
| CWIP | 1 | 1 | 2 | 1 | 1 | 0 | 0 | 3 | 5 | 2 | 3 | 3 | 1 |
| Investments | 447 | 436 | 438 | 434 | 400 | 403 | 399 | 394 | 741 | 740 | 863 | 867 | 868 |
| 419 | 428 | 678 | 659 | 1,110 | 1,398 | 1,802 | 1,954 | 4,652 | 3,959 | 2,701 | 2,435 | 2,394 | |
| Total Assets | 1,084 | 1,108 | 1,440 | 1,410 | 1,859 | 2,146 | 3,105 | 3,176 | 6,459 | 5,728 | 4,571 | 4,434 | 4,309 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 104 | 131 | 29 | 228 | 165 | 288 | 514 | 418 | -164 | -126 | -17 | -122 | |
| -5 | -60 | -120 | -58 | -26 | -360 | -339 | -45 | 1,442 | 398 | 1,315 | 382 | |
| -63 | -118 | -36 | -155 | -48 | -6 | -146 | -300 | -583 | -725 | -1,509 | -340 | |
| Net Cash Flow | 37 | -47 | -127 | 15 | 91 | -78 | 29 | 73 | 695 | -453 | -211 | -79 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64 | 51 | 74 | 66 | 129 | 163 | 136 | 573 | 83 | 103 | 87 | 74 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 64 | 51 | 74 | 66 | 129 | 163 | 136 | 573 | 83 | 103 | 87 | 74 |
| Working Capital Days | -1 | 16 | 18 | 28 | 60 | 109 | 109 | 577 | -74 | 435 | 79 | 15 |
| ROCE % | 23% | 19% | 18% | 15% | 19% | 19% | 18% | -2% | -1% | 3% | -0% | -3% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Dec - Notice published on transfer of equity shares to IEPF.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Nov - Newspaper publication for re-lodgement of transfer requests of physical shares
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Nov - Newspaper advertisement for postal ballot notice
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 25 Nov
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
18 Nov - Transcript of Earnings Conference Call held on November 11, 2025
Annual reports
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Financial Year 2025
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Nov 2025Transcript PPT
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Business Overview
The company is engaged in Business Process Management (BPM) and Media and Communication business(Digital Services). The BPM segment offers voice and non-voice-based services such as contact center solutions and back-office transaction processing across America, Canada, Europe, Asia and the Middle East. Its digital business is India’s premier integrated Digital Delivery Platforms Company delivering services via satellite, digital cable and broadband to over 5 million customers across 1,500 cities and towns. [1]