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Hinduja Global Solutions Limited
(HGS)
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Rating:52Neutral
Price Target:
₹453.00
▲(0.81% Upside)
Action:Reiterated
Date:06/11/26
The score is held back primarily by volatile financial performance (weak and inconsistent profitability despite manageable leverage) and an expensive valuation (high P/E). Technicals are a partial offset as the stock is trending above major moving averages with positive momentum, though overbought RSI raises near-term pullback risk.
Positive Factors
Diversified services and industry exposure
HGS’s broad service mix (customer care, back-office, digital and analytics) and multi-industry client base create structural resilience. Diversification helps stabilize demand cycles, supports cross-selling of higher‑value digital services, and aligns with secular outsourcing and CX transformation trends.
Negative Factors
Inconsistent and declining revenue
Two consecutive years of revenue decline undermine scale economics critical to BPM businesses. Weaker top-line limits absorption of fixed costs, reduces bargaining power with clients and suppliers, and constrains funding for technology investments needed to win higher‑margin digital contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified services and industry exposure
HGS’s broad service mix (customer care, back-office, digital and analytics) and multi-industry client base create structural resilience. Diversification helps stabilize demand cycles, supports cross-selling of higher‑value digital services, and aligns with secular outsourcing and CX transformation trends.
Read all positive factors
Hinduja Global Solutions Limited (HGS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹18.90B
Dividend Yield1.51%
Average Volume (3M)1.20K
Price to Earnings (P/E)59.2
Beta (1Y)1.23
Revenue Growth-2.20%
EPS Growth-72.57%
CountryIN
Employees18,169
SectorGeneral
Sector StrengthN/A
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)6.92
Shares Outstanding46,520,287
10 Day Avg. Volume931
30 Day Avg. Volume1,204
Financial Highlights & Ratios
PEG Ratio-0.72
Price to Book (P/B)0.21
Price to Sales (P/S)0.40
P/FCF Ratio6.12
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 (HGS) is an international leader in business process management (BPM) services, operating extensively across North America (including the United States and Canada), Europe, India, and various other global markets. ...
How the Company Makes Money
HGS primarily makes money by delivering outsourced business services to corporate clients under contractual arrangements and charging fees for operating and managing those services. Its main revenue stream is BPM/customer experience outsourcing, w...
Hinduja Global Solutions Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
63
Positive
Cash Flow
56
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 43.07B | 44.04B | 46.16B | 44.86B | 42.43B |
| Gross Profit | 12.34B | 43.43B | 18.93B | 44.39B | 8.90B |
| EBITDA | 989.20M | 8.12B | 8.28B | 7.78B | 3.96B |
| Net Income | 321.90M | 1.21B | 1.33B | 3.32B | 60.47B |
Balance Sheet | |||||
| Total Assets | 115.64B | 111.72B | 111.25B | 113.64B | 116.37B |
| Cash, Cash Equivalents and Short-Term Investments | 47.30B | 44.55B | 28.98B | 11.52B | 35.67B |
| Total Debt | 19.68B | 19.43B | 21.07B | 9.98B | 14.09B |
| Total Liabilities | 31.28B | 33.17B | 34.82B | 26.62B | 34.07B |
| Stockholders Equity | 83.17B | 77.08B | 74.88B | 85.47B | 80.75B |
Cash Flow | |||||
| Free Cash Flow | 2.80B | 2.14B | 77.78M | -1.83B | 314.47M |
| Operating Cash Flow | 4.13B | 4.57B | 1.92B | 1.11B | 5.30B |
| Investing Cash Flow | -1.37B | 5.02B | 1.74B | -881.76M | 19.21B |
| Financing Cash Flow | -5.11B | -8.98B | -8.08B | -11.08B | -8.67B |
Hinduja Global Solutions Limited Technical Analysis
Negative
449.35
Price Trends
414.95
Negative
399.67
Positive
435.94
Negative
Market Momentum
-1.52
Positive
42.93
Neutral
11.09
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HGS, the sentiment is Negative. The current price of 449.35 is above the 20-day moving average (MA) of 419.72, above the 50-day MA of 414.95, and above the 200-day MA of 435.94, indicating a bearish trend. The MACD of -1.52 indicates Positive momentum. The RSI at 42.93 is Neutral, neither overbought nor oversold. The STOCH value of 11.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹12.53B | 15.33 | ― | ― | 7.44% | -27.87% | |
71 Outperform | ₹99.95B | 14.06 | ― | 0.31% | 36.70% | 35.14% | |
67 Neutral | ₹42.26B | 13.98 | ― | 2.71% | 2.58% | -18.98% | |
63 Neutral | ₹14.62B | 37.48 | ― | ― | 22.24% | -1.25% | |
56 Neutral | ₹48.85B | 44.20 | ― | 0.91% | 4.23% | -30.88% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹18.90B | 59.23 | ― | 1.51% | -2.20% | -72.57% |
* General Sector Average
IN:HGS
Hinduja Global Solutions Limited
407.10
-139.05
-25.46%
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9.48%
IN:PDSL
PDS Limited
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-35.86
-9.30%
IN:UDS
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-88.00
-30.82%
Hinduja Global Solutions Limited Corporate Events
Hinduja Global Solutions Publishes Audited FY26 Consolidated Results
May 31, 2026
Hinduja Global Solutions Limited has published an extract of its audited consolidated financial results for the quarter and full year ended 31 March 2026, in line with disclosure requirements under SEBI regulations. The company reported total cons...
Hinduja Global Solutions Clears FY26 Results, Re-Appoints Cost Auditor
May 29, 2026
Hinduja Global Solutions Limited has approved its audited standalone and consolidated financial results for the year ended March 31, 2026, following a board meeting held on May 29, 2026. The statutory auditors, Haribhakti Co. LLP, issued unmodifi...
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.