HOV Services Limited (HOVS) AI Stock Analysis

• Market Cap: ₹986.69M
• Dividend Yield: N/A
• Average Volume (3M): 8.79K
• Price to Earnings (P/E): 19.1
• Beta (1Y): 1.98
• Revenue Growth: 68.30%
• EPS Growth: 75.43%
• Country: IN
• Employees: 652
• Sector: Services
• Sector Strength: N/A
• Industry: Information Technology Services
• EPS (TTM): 1.37
• Shares Outstanding: 12,594,972
• 10 Day Avg. Volume: 1,780
• 30 Day Avg. Volume: 8,793
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹61.00
• Price Target Upside: -19.74% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 65 Neutral
• Price Target: ₹61.00 ▼(-19.74% Downside)

HOV Services Limited's overall score is driven by strong financial performance, particularly in revenue growth and profitability. However, technical indicators suggest potential bearish momentum, and cash flow challenges need to be addressed for sustained growth. The valuation is reasonable, but the lack of a dividend yield may deter income-focused investors.

HOV Services Limited Business Overview & Revenue Model

Company Description

HOV Services Limited, together with its subsidiaries, provides software and IT enabled services in India and internationally. It offers software development, maintenance, and support services; and data entry and business process outsource services. The company was incorporated in 1989 and is headquartered in Pune, India.

How the Company Makes Money

HOV Services Limited generates revenue through its comprehensive suite of BPO services, which are offered to clients across diverse sectors. The company's primary revenue streams include fees from transaction processing, document management, and consulting services. By providing customized solutions that improve business processes and operational efficiencies, HOVS secures long-term contracts with its clients, ensuring a steady flow of income. Additionally, HOVS may form strategic partnerships with technology providers to enhance its service offerings and gain a competitive edge in the market. The company's ability to adapt to evolving industry needs and leverage its expertise in process optimization significantly contributes to its earnings.

HOV Services Limited Financial Statement Overview

Summary

HOV Services Limited shows strong revenue growth and profitability with effective financial leverage. However, challenges in cash flow management and declining gross profit margins pose risks to future financial stability.

Income Statement

HOV Services Limited has demonstrated strong revenue growth with a significant increase from the previous year, indicating a positive growth trajectory. The net profit margin is solid, suggesting effective cost management and profitability. However, the decline in gross profit margin over the years indicates potential cost pressures or pricing challenges that need to be addressed.

Balance Sheet

The company maintains a healthy equity ratio, showing a strong reliance on equity for financing. The debt-to-equity ratio is low, highlighting prudent financial leverage. However, the decline in stockholders' equity over the years might suggest potential risk if not addressed.

Cash Flow

HOV Services Limited faces challenges with negative free cash flow, which could impact its ability to fund operations and growth. The operating cash flow is also negative, reflecting potential struggles in converting revenue into cash. Positive trends in investing cash flow suggest strategic investments, but overall cash flow management requires improvement.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2022	Dec 2021	Dec 2021
Income Statement
Total Revenue	212.22M	224.68M	161.24M	120.55M	96.55M	100.58M
Gross Profit	39.12M	26.84M	38.81M	47.34M	44.34M	43.90M
EBITDA	57.76M	59.68M	44.16M	62.15M	38.86M	30.02M
Net Income	37.03M	42.17M	26.86M	45.69M	25.72M	21.49M
Balance Sheet
Total Assets	0.00	395.31M	356.88M	376.66M	1.17B	452.73M
Cash, Cash Equivalents and Short-Term Investments	53.74M	75.57M	108.92M	87.83M	69.04M	46.28M
Total Debt	0.00	14.05M	10.48M	14.19M	29.75M	30.64M
Total Liabilities	-233.84M	154.74M	128.46M	150.76M	210.48M	153.22M
Stockholders Equity	233.84M	240.57M	228.42M	225.90M	959.37M	299.51M
Cash Flow
Free Cash Flow	0.00	-6.72M	-34.21M	15.39M	16.63M	-1.11M
Operating Cash Flow	0.00	-6.44M	-34.21M	21.94M	16.79M	-925.00K
Investing Cash Flow	0.00	11.81M	16.14M	24.82M	9.46M	11.69M
Financing Cash Flow	0.00	-8.93M	-5.00M	-12.91M	-21.18M	-20.85M

HOV Services Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 76.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HOVS, the sentiment is Neutral. The current price of 76 is below the 20-day moving average (MA) of 78.89, above the 50-day MA of 67.71, and above the 200-day MA of 61.32, indicating a neutral trend. The MACD of 3.18 indicates Positive momentum. The RSI at 57.04 is Neutral, neither overbought nor oversold. The STOCH value of 37.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:HOVS.

HOV Services Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HOVS	65 Neutral	₹986.69M	19.09	―	―	68.30%	75.43%
ADROITINFO	55 Neutral	₹563.44M	31.23	0.92%	―	37.24%	-74.82%
PALREDTEC	51 Neutral	₹600.13M	-6.75	-16.02%	―	-21.91%	-120.53%
GSS	45 Neutral	₹668.91M	-22.51	-0.39%	―	8.26%	-129.98%
CTE	43 Neutral	₹754.62M	-1.93	-70.74%	―	-5.70%	-1665.52%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

HOV Services Limited Corporate Events

HOV Services Limited Announces Resignation of Independent Director

HOV Services Limited announced the resignation of Mrs. Lakshmi Kumar from her role as an Independent Director on the company’s Board, effective July 12, 2025. Mrs. Kumar, who served two consecutive five-year terms, cited pre-scheduled professional commitments as the reason for her departure. Her resignation may impact the company’s board composition and necessitates regulatory disclosures as per SEBI regulations.

HOV Services Limited Publishes Postal Ballot Notice for Remote E-Voting

HOV Services Limited has announced the publication of a newspaper notice regarding the details of a Postal Ballot Notice, which was dispatched to company members for remote e-voting. This announcement underscores the company’s adherence to regulatory requirements and its commitment to maintaining transparent communication with its stakeholders, potentially impacting shareholder engagement and decision-making processes.

HOV Services Limited Proposes Name Change to HandsOn Global Management

HOV Services Limited has announced a proposal to change its name to HandsOn Global Management (HGM) Limited, seeking shareholder approval through a postal ballot and remote e-voting. This strategic move is aimed at rebranding the company, potentially impacting its market positioning and signaling a shift in its business strategy to stakeholders.

HOV Services Limited to Rebrand as HandsOn Global Management

HOV Services Limited has announced plans to change its name to HandsOn Global Management (HGM) Limited to better align with its strategic vision of becoming a global organization. This change, subject to shareholder approval, is part of a broader effort to enhance brand identity, market perception, and operational harmonization across new jurisdictions, supporting the company’s growth through acquisitions and expanded service offerings.