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Hinduja Global Solutions Limited
(HGS)
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Rating:50Neutral
Price Target:
₹364.00
▼(-13.97% Downside)
Action:Reiterated
Date:10/16/26
The score is primarily held back by unstable financial performance (inconsistent revenue and sharply lower profitability) and bearish technical conditions (trading below key moving averages with negative MACD). These risks are partially offset by a manageable balance sheet and improved recent free cash flow, while valuation remains hard to assess given the negative P/E despite a modest dividend yield.
Positive Factors
Manageable Leverage
Moderate leverage and a sizable equity base provide financial cushioning for HGS as it operates through uneven earnings periods. This supports liquidity, reduces balance-sheet strain, and preserves flexibility to fund operations or pursue growth without excessive reliance on borrowing.
Negative Factors
Declining Revenue Trend
Recent revenue contraction signals weakening business momentum and raises pressure on HGS to retain clients, expand existing accounts, or win new contracts. If the decline persists, lower scale could make it harder to absorb delivery costs and sustain profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Moderate leverage and a sizable equity base provide financial cushioning for HGS as it operates through uneven earnings periods. This supports liquidity, reduces balance-sheet strain, and preserves flexibility to fund operations or pursue growth without excessive reliance on borrowing.
Read all positive factors
Hinduja Global Solutions Limited (HGS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.57B
Dividend Yield1.49%
Average Volume (3M)1.07K
Price to Earnings (P/E)―
Beta (1Y)1.16
Revenue Growth-1.53%
EPS Growth-62.66%
CountryIN
Employees16,710
SectorGeneral
Sector StrengthN/A
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-9.34
Shares Outstanding46,520,287
10 Day Avg. Volume1,555
30 Day Avg. Volume1,073
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 process services to clients under multi-month or multi-year service contracts. Revenue is generated from (1) customer interaction services (contact center operations across voice and digi...
Hinduja Global Solutions Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
63
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.01B | 43.07B | 44.04B | 46.16B | 44.86B | 42.43B |
| Gross Profit | 26.70B | 9.47B | 43.43B | 18.93B | 44.39B | 8.90B |
| EBITDA | 4.45B | 6.34B | 8.12B | 8.28B | 7.78B | 3.96B |
| Net Income | -434.30M | 321.90M | 1.21B | 1.33B | 3.32B | 60.47B |
Balance Sheet | ||||||
| Total Assets | 114.74B | 115.64B | 111.72B | 111.25B | 113.64B | 116.37B |
| Cash, Cash Equivalents and Short-Term Investments | 4.49B | 47.30B | 44.55B | 28.98B | 11.52B | 35.67B |
| Total Debt | 12.79B | 19.68B | 19.43B | 21.07B | 9.98B | 14.09B |
| Total Liabilities | 30.71B | 31.28B | 33.17B | 34.82B | 26.62B | 34.07B |
| Stockholders Equity | 84.36B | 83.17B | 77.08B | 74.88B | 85.47B | 80.75B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.80B | 2.14B | 77.78M | -1.83B | 314.47M |
| Operating Cash Flow | 0.00 | 4.13B | 4.57B | 1.92B | 1.11B | 5.30B |
| Investing Cash Flow | 0.00 | -1.37B | 5.02B | 1.74B | -881.76M | 19.21B |
| Financing Cash Flow | 0.00 | -5.11B | -8.98B | -8.08B | -11.08B | -8.67B |
Hinduja Global Solutions Limited Technical Analysis
Negative
423.10
Price Trends
371.69
Negative
393.93
Negative
393.94
Negative
Market Momentum
-10.76
Positive
32.15
Neutral
19.92
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 423.1 is above the 20-day moving average (MA) of 351.39, above the 50-day MA of 371.69, and above the 200-day MA of 393.94, indicating a bearish trend. The MACD of -10.76 indicates Positive momentum. The RSI at 32.15 is Neutral, neither overbought nor oversold. The STOCH value of 19.92 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹86.26B | 12.20 | ― | 1.20% | 31.81% | 24.89% | |
67 Neutral | ₹32.77B | 11.40 | ― | 2.54% | 1.71% | -21.43% | |
62 Neutral | ₹18.55B | 42.47 | ― | 0.53% | 52.41% | 15.90% | |
62 Neutral | ₹47.07B | 39.69 | ― | 0.99% | 4.62% | -23.31% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹15.57B | -35.73 | ― | 1.49% | -1.53% | -62.66% |
* General Sector Average
IN:HGS
Hinduja Global Solutions Limited
334.80
-175.90
-34.44%
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-53.32%
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209.50
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204.75
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-43.77%
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70.55
23.67
50.49%
IN:PDSL
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332.70
-34.29
-9.34%
Hinduja Global Solutions Limited Corporate Events
Hinduja Global Solutions Board Clears Q1 FY2026 Unaudited Results
Sep 16, 2026
Hinduja Global Solutions Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, in compliance with Regulation 33 of SEBI’s Listing Obligations and Disclosure Requir...
Hinduja Global Solutions Sets Virtual AGM, Enhances Shareholder Access to Annual Report
Sep 1, 2026
Hinduja Global Solutions Limited has announced that its 31st Annual General Meeting will be held on September 25, 2026, at 5:00 p.m. IST via video conferencing and other audio-visual means. In line with SEBI Listing Regulations, the company has di...
Hinduja Global Solutions Publishes Q1 FY 2026-27 Consolidated Results in Newspapers
Aug 9, 2026
Hinduja Global Solutions Limited has notified the stock exchanges that it has published the extract of its consolidated financial results for the quarter ended June 30, 2026 in the Financial Express and Navshakti newspapers, in line with Regulatio...
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.