Hinduja Global Solutions Limited (IN:HGS)
:HGS
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Hinduja Global Solutions Limited
(HGS)
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Rating:55Neutral
Price Target:
₹438.00
▼(-2.53% Downside)
Action:ReiteratedDate:03/11/26
The score is driven primarily by mixed financial performance—stable balance sheet and positive operating cash flow, but declining revenue and negative EBIT margins. Technicals are a meaningful drag with price below key moving averages and negative MACD, while a moderate P/E and dividend yield offer partial valuation support.
Positive Factors
Balance Sheet Stability
A healthy equity ratio and a falling debt-to-equity ratio provide durable financial flexibility for a services firm. This strengthens the company's ability to fund working capital, invest in delivery centers or technology, and withstand client payment cycles over the medium term.
Negative Factors
Declining Revenue and Negative EBIT
Sustained revenue declines and negative EBIT indicate operating leverage is not being absorbed by current volumes. For a services company, prolonged negative operating profit constrains reinvestment, pressures margins versus wage inflation, and risks client churn if execution suffers.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Stability
A healthy equity ratio and a falling debt-to-equity ratio provide durable financial flexibility for a services firm. This strengthens the company's ability to fund working capital, invest in delivery centers or technology, and withstand client payment cycles over the medium term.
Read all positive factors
Hinduja Global Solutions Limited (HGS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹19.13B
Dividend Yield1.51%
Average Volume (3M)1.20K
Price to Earnings (P/E)12.2
Beta (1Y)1.09
Revenue Growth0.97%
EPS Growth-78.30%
CountryIN
Employees18,169
SectorServices
Sector StrengthN/A
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)9.15
Shares Outstanding46,520,287
10 Day Avg. Volume931
30 Day Avg. Volume1,204
Financial Highlights & Ratios
PEG Ratio-2.75
Price to Book (P/B)0.29
Price to Sales (P/S)0.50
P/FCF Ratio10.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Hinduja Global Solutions Limited Business Overview & Revenue Model
Company Description
Hinduja Global Solutions Limited provides business process management services in the United States, Canada, Europe, India, and internationally. It provides consumer facing services, such as consumer engagement, work at home, HGS work cloud soluti...
How the Company Makes Money
HGS makes money primarily by delivering outsourced business services to corporate and government clients under contracted arrangements. Revenue is generated from providing customer service/contact center operations (handling inbound and outbound c...
Hinduja Global Solutions Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.68B | 44.04B | 46.16B | 44.86B | 42.43B | 26.02B |
| Gross Profit | 42.92B | 43.43B | 18.93B | 44.39B | 8.90B | 2.34B |
| EBITDA | 8.28B | 8.12B | 8.28B | 7.78B | 3.96B | 395.66M |
| Net Income | -267.00M | 1.21B | 1.33B | 3.32B | 60.47B | 3.36B |
Balance Sheet | ||||||
| Total Assets | 112.23B | 111.72B | 111.25B | 113.64B | 116.37B | 43.45B |
| Cash, Cash Equivalents and Short-Term Investments | 7.33B | 44.55B | 28.98B | 11.52B | 35.67B | 5.35B |
| Total Debt | 11.87B | 19.43B | 21.07B | 9.98B | 14.09B | 11.79B |
| Total Liabilities | -78.55B | 33.17B | 34.82B | 26.62B | 34.07B | 22.60B |
| Stockholders Equity | 78.55B | 77.08B | 74.88B | 85.47B | 80.75B | 20.85B |
Cash Flow | ||||||
| Free Cash Flow | 812.80M | 2.14B | 77.78M | -1.83B | 314.47M | 5.34B |
| Operating Cash Flow | 2.94B | 4.57B | 1.92B | 1.11B | 5.30B | 6.92B |
| Investing Cash Flow | 1.79B | 5.02B | 1.74B | -881.76M | 19.21B | -2.09B |
| Financing Cash Flow | -3.43B | -8.98B | -8.08B | -11.08B | -8.67B | -4.76B |
Hinduja Global Solutions Limited Technical Analysis
Positive
449.35
Price Trends
384.05
Positive
416.27
Positive
474.44
Negative
Market Momentum
10.43
Negative
70.23
Negative
95.06
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HGS, the sentiment is Positive. The current price of 449.35 is above the 20-day moving average (MA) of 376.40, above the 50-day MA of 384.05, and below the 200-day MA of 474.44, indicating a neutral trend. The MACD of 10.43 indicates Negative momentum. The RSI at 70.23 is Negative, neither overbought nor oversold. The STOCH value of 95.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HGS.
Hinduja Global Solutions Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹116.07B | 20.31 | ― | 0.31% | 47.64% | 41.91% | |
64 Neutral | ₹50.10B | 24.32 | ― | 2.71% | 1.68% | -13.33% | |
63 Neutral | ₹14.10B | 41.36 | ― | ― | 17.61% | 7.15% | |
63 Neutral | ₹10.85B | 35.45 | ― | ― | 9.29% | -16.45% | |
59 Neutral | ₹39.55B | 67.17 | ― | 0.91% | 6.92% | -39.55% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
55 Neutral | ₹19.13B | 12.17 | ― | 1.51% | 0.97% | -78.30% |
* Services Sector Average
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Hinduja Global Solutions Limited Corporate Events
HGS Named Leader in NelsonHall GenAI Evaluation for Transforming Business Operations
Apr 13, 2026
HGS has been recognized as a Leader in NelsonHall’s 2025 NEAT Evaluation for Transforming Business Operations with GenAI, specifically in the segment for developing custom GenAI solutions. The assessment highlights HGS’s ability to del...
Hinduja Global Solutions to Contest Tax Assessment Disallowing FX Loss
Apr 2, 2026
Hinduja Global Solutions has disclosed that the Income Tax Department’s Assistant Commissioner, Central Circle 2(3), Mumbai, has issued an assessment order under Section 143(3) of the Income Tax Act for assessment year 2021-22. The order, re...
HGS Rebrands Around ‘Intelligent Experience’ to De-Risk AI Transformation
Mar 25, 2026
HGS has launched its new Intelligent Experience positioning, aiming to bring greater certainty to AI-led transformation by embedding intelligence directly into critical enterprise workflows. The company has refreshed its brand identity around this...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.