Hinduja Global Solutions Limited (HGS) AI Stock Analysis

Hinduja Global Solutions Limited

(NSE:HGS)

Select Model

Rating:45Neutral

Price Target:INR 355.00▲(6.03% Upside)

Action:reiterated

Date:10/16/26

Weak financial performance from declining revenues and inconsistent profits is the primary drag, reinforced by bearish technical signals and poor valuation from negative earnings.

Positive Factors

Manageable leverageModerate leverage and a sizable equity base provide HGS with financial cushioning and reduce balance-sheet strain. This supports resilience through uneven operating periods and preserves capacity to fund operations or pursue growth without excessive reliance on debt.

Negative Factors

Declining revenueRevenue contraction in consecutive annual periods signals weakening business momentum and may limit operating leverage. Persistent top-line pressure could make it harder for HGS to absorb fixed delivery costs, invest in capabilities and rebuild sustainable earnings growth.

Hinduja Global Solutions Limited (HGS) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 15.52B
Dividend Yield: 1.49%
Average Volume (3M): 1,256
Price to Earnings (P/E): -35.7
Beta (1Y): 1.16
Revenue Growth: -1.53%
EPS Growth: -62.66%
Country: India
Employees: 16,710
Sector: General
Sector Strength: 55
Industry: Specialty Business Services

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. The...

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 digital...

Hinduja Global Solutions Limited Financial Statement Overview

Summary

Volatile revenue and net income with recent declines offset by balance sheet strength from growing equity and reduced leverage, supporting moderate stability.

Income Statement

35Negative

Balance Sheet

65Positive

Cash Flow

50Neutral

Financial statement breakdown
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	2.80B	2.14B	77.78M	-1.83B	314.47M
Operating Cash Flow	0	4.13B	4.57B	1.92B	1.11B	5.30B
Investing Cash Flow	0	-1.37B	5.02B	1.74B	-881.76M	19.21B
Financing Cash Flow	0	-5.11B	-8.98B	-8.08B	-11.08B	-8.67B

Hinduja Global Solutions Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price334.80

Price Trends

50DMA371.69Negative

100DMA393.93Negative

200DMA393.94Negative

Market Momentum

MACD-10.76Positive

RSI32.15Neutral

STOCH19.92Positive

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 334.80 is below the 20-day moving average (MA) of 351.39, below the 50-day MA of 371.69, and below 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:HGS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BLS	79Outperform	INR 86.26B	12.20	―	1.20%	31.81%	24.89%
IN:ONEPOINT	62Neutral	INR 18.55B	42.47	―	―	52.41%	15.90%
IN:PDSL	62Neutral	INR 47.07B	39.69	―	0.99%	4.62%	-23.31%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:CMSINFO	52Neutral	INR 32.77B	11.40	―	2.54%	1.71%	-21.43%
IN:HGS	45Neutral	INR 15.57B	-35.73	―	1.49%	-1.53%	-62.66%

* General Sector Average

Performance Comparison

IN:HGS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:HGS	Hinduja Global Solutions Limited	334.80	-172.45	-34.00%
IN:AGSTRA	AGS Transact Technologies Ltd.	1.97	-2.23	-53.10%
IN:BLS	BLS International Services Ltd.	209.50	-105.00	-33.39%
IN:CMSINFO	CMS Info Systems Ltd.	204.75	-161.22	-44.05%
IN:ONEPOINT	One Point One Solutions Ltd.	70.55	21.63	44.22%
IN:PDSL	PDS Limited	332.70	-44.34	-11.76%

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 Requireme...

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 distr...

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 Regulation 4...

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.

Date of analysis: Oct 15, 2026

Hinduja Global Solutions Limited AI Stock Analysis