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Hexaware Technologies Limited
(HEXT)
Hexaware Technologies Limited (HEXT) vs. iShares MSCI India ETF (INDA)
Hexaware Technologies Limited Business Overview & Revenue Model
Hexaware Technologies Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 127.59B | 119.74B | 103.80B | 92.00B | 71.78B | 62.62B |
| Gross Profit | 53.59B | 55.50B | 46.55B | 40.94B | 33.69B | 29.20B |
| EBITDA | 20.29B | 18.77B | 15.79B | 13.96B | 11.98B | 10.76B |
| Net Income | 13.29B | 11.76B | 9.98B | 8.84B | 7.49B | 6.21B |
Balance Sheet | ||||||
| Total Assets | 92.98B | 89.94B | 72.02B | 65.12B | 56.73B | 51.38B |
| Cash, Cash Equivalents and Short-Term Investments | 20.00B | 19.77B | 20.24B | 12.92B | 13.12B | 10.11B |
| Total Debt | 5.82B | 5.74B | 3.94B | 4.57B | 3.74B | 5.93B |
| Total Liabilities | 34.96B | 36.40B | 25.67B | 23.89B | 18.86B | 19.02B |
| Stockholders Equity | 58.04B | 53.57B | 46.35B | 41.23B | 37.88B | 32.36B |
Cash Flow | ||||||
| Free Cash Flow | 15.21B | 14.15B | 14.51B | 7.01B | 8.71B | 13.64B |
| Operating Cash Flow | 16.78B | 15.48B | 15.16B | 8.21B | 9.80B | 14.38B |
| Investing Cash Flow | -2.00B | -6.69B | -3.00B | -151.00M | -2.25B | -4.23B |
| Financing Cash Flow | -7.84B | -6.82B | -7.50B | -7.21B | -6.02B | -2.42B |
Hexaware Technologies Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹447.39B | 31.87 | ― | 1.56% | ― | ― | |
73 Outperform | ₹563.27B | 48.06 | ― | 0.88% | 41.97% | 38.73% | |
73 Outperform | ₹541.05B | 30.22 | ― | 1.94% | 8.73% | 11.33% | |
70 Outperform | ₹264.89B | 38.20 | ― | 1.26% | 0.29% | 7.17% | |
69 Neutral | ₹324.27B | 41.61 | ― | 0.69% | 13.34% | 5.98% | |
62 Neutral | ₹461.48B | 36.09 | ― | 1.19% | 14.88% | -2.60% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
Hexaware Technologies Limited Corporate Events
Hexaware Technologies has informed stock exchanges that mediation efforts to resolve a dispute with a client have failed, and the company has now initiated formal legal proceedings by filing a complaint in the United States District Court for the Southern District of New York. The escalation from mediation to litigation signals a more contentious phase in the dispute, potentially affecting the company’s client relationship and legal exposure in a key overseas jurisdiction, and is being disclosed as a material event under Indian securities regulations for the benefit of investors and other stakeholders.
Hexaware Technologies has approved a scheme of amalgamation to merge its wholly owned subsidiaries, Softcrylic Technology Solutions India Private Limited and Mobiquity Softech Private Limited, into the parent company through a court-approved merger by absorption under the Companies Act, 2013. The move is aimed at consolidating its corporate structure and could streamline operations, enhance organizational efficiency and simplify the group’s shareholding, with implications for how the company manages its technology and service delivery units. In parallel, the board has reconstituted its Nomination and Remuneration Committee, appointing non-executive director Kapil Modi as a member while non-executive director Neeraj Bharadwaj steps down from the committee, signaling an adjustment in board governance and oversight of senior management appointments and compensation.
Hexaware Technologies has expanded its global delivery network by opening a new center in Cairo, which will initially employ 100 professionals. This center will provide multilingual customer experience services in Arabic, English, and major European languages, serving customers in Egypt, the Middle East, and key European markets. The Cairo center is part of Hexaware’s broader strategy to establish modern, digital-first hubs globally, enhancing its ability to support clients with AI-led, human-intelligence-perfected delivery models. The move underscores Hexaware’s commitment to leveraging Cairo’s rich talent pool and modern infrastructure to drive innovation and strengthen delivery resilience.
Hexaware Technologies has made a strong debut in the Whitelane Research 2025 German IT Sourcing Study, being recognized among the leading providers in the German market. The company has been ranked second in Innovation and fourth in Transformation KPIs, highlighting its ability to support change and introduce new technologies. This recognition reflects Hexaware’s competitive alignment with market standards and its capability to deliver value, change, and service experience for its German clients. The positive feedback from clients underscores Hexaware’s successful approach in the demanding German market, positioning it as a partner for modernization with cost and risk control.
Hexaware Technologies Limited has announced the approval of 552,700 employee stock options under its Employee Stock Option Plan 2024. This move, approved by the Nomination and Remuneration Committee, is aimed at incentivizing employees and aligning their interests with the company’s growth objectives. The options, priced at INR 382.5 per share, are part of a strategic effort to enhance employee engagement and retention, potentially impacting the company’s operational efficiency and market competitiveness.
Hexaware Technologies Limited announced its participation in the JM Financial India Conference, scheduled for November 20, 2025, in Mumbai. This engagement is part of the company’s investor relations strategy, involving group meetings and one-on-one interactions to strengthen stakeholder relationships and enhance its market presence.
Hexaware Technologies Limited has published its financial results for the quarter ended September 30, 2025, in prominent newspapers. The results, which are available on the company’s website, show both standalone and consolidated financial data, reflecting the company’s performance and financial health. This publication is part of the company’s compliance with SEBI regulations, ensuring transparency and accessibility of financial information to stakeholders.
Hexaware Technologies Limited has announced its participation in two upcoming investor conferences in Mumbai, namely the Anand Rathi Annual Flagship Conference and the Avendus Spark INDX Annual Investor Conference. These engagements are part of Hexaware’s ongoing investor relations strategy, which includes group meetings and one-on-one interactions, aimed at strengthening its market presence and fostering transparency with stakeholders.
Hexaware Technologies Limited has announced that it will host a conference call with investors and analysts to discuss its financial results for the quarter ended September 30, 2025. The company has made available an investor presentation and fact sheet on its website, which outlines its financial performance and strategic initiatives for the quarter, indicating a proactive approach to engaging with stakeholders and maintaining transparency.
Hexaware Technologies Limited announced the approval of its financial results for the quarter ending September 30, 2025, and the acquisition of a 100% stake in Cybersolve (I) Private Limited. This strategic acquisition, along with the merger of several subsidiaries, aims to streamline operations and enhance Hexaware’s market position in the technology sector.
Hexaware Technologies Limited announced the acquisition of a 100% stake in Cybersolve (I) Private Limited from Identity And Access Solutions LLC, as part of its strategic expansion plans. This acquisition, along with the merger of several subsidiaries across India, the US, and the Netherlands, aims to simplify the company’s group structure and strengthen its market position in the IT services industry.
Hexaware Technologies Limited has announced the approval of its financial results for the quarter ending September 30, 2025, and a significant acquisition plan. The company will acquire a 100% stake in Cybersolve (I) Private Limited, enhancing its capabilities in identity and access solutions. Additionally, Hexaware’s board has given in-principle approval for the merger of several wholly-owned subsidiaries to streamline its group structure across India, the US, and the Netherlands, pending regulatory approvals. These strategic moves are expected to strengthen Hexaware’s market position and operational efficiency.
Hexaware Technologies has appointed Eravi Gopan as President and Global Head of High Tech, Products, and Platforms. With extensive experience in SaaS, AI, and technology services, Gopan’s leadership is expected to enhance Hexaware’s strategic focus on AI-driven delivery and platform partnerships, positioning the company to better meet the evolving needs of its global clients and drive measurable outcomes.
Hexaware Technologies Limited has announced the record date for its second interim dividend for the financial year 2025. The announcement was made through newspaper publications in Business Standard and Navshak, indicating the company’s commitment to maintaining transparency with its stakeholders and providing timely financial updates.
Hexaware Technologies Limited has announced a second interim dividend of ₹5.75 per equity share for the financial year 2025, with a record date set for October 10, 2025. This decision reflects the company’s commitment to rewarding its shareholders and may positively influence its market perception and stakeholder confidence.
Hexaware Technologies Limited has disclosed a legal dispute involving allegations of patent infringement and breach of contract filed by Natsoft Corporation and Updraft LLC against the company and its subsidiary, Hexaware Technologies Inc., in the United States District Court, Northern District of Illinois. While the company has not yet received formal communication regarding the lawsuit, it believes the claims lack merit and anticipates no significant financial impact, with steps being taken to address the matter legally.