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Hexaware Technologies Ltd (HEXT.NS)

INR564.40 +5.75 (+1.03%)
IN NSE Technology Information Technology Services
Address 152, Millennium Business Park 400710
Navi Mumbai, IN
CEO Ramakarthikeyan Srikrishna
IPO 2025-02-19
ISIN INE093A01041

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Description

Hexaware Technologies Ltd. operates globally, delivering information technology (IT) advisory services, software development, and business process optimization. The company organizes its operations across key industry segments, including travel and transportation, financial services (encompassing banking, healthcare, and insurance), high-tech professional services, and the manufacturing and consumer goods sectors. Its extensive application services range from enterprise architecture consulting and new software creation to modernizing existing applications, providing ongoing support, ensuring quality assurance and testing, and guaranteeing security and regulatory compliance. Hexaware's robust cybersecurity offerings include governance, risk management, compliance solutions, securing hybrid cloud environments, integrating security into development operations (DevSecOps), and safeguarding digital workspaces. Furthermore, the company provides automation-as-a-service and IT operations automation. A significant emphasis is placed on advanced generative AI solutions, facilitating secure access, sophisticated knowledge management, specialized private large language models (LLMs) for legal applications, enterprise chatbots (like Tensai GPT), multimodal connectivity, and rapid development platforms (e.g., RapidX). These AI capabilities also extend to automated case citation, personalized product recommendations, intelligent sales advisors, accelerated medical coding, interaction analytics, and bond recommendation systems. The firm also supports clients with environmental, social, and governance (ESG) integration, net-zero transition strategies, and climate technology implementation. Its quality engineering and software testing services cover software development, application management, and enterprise platform support. Complementing these, Hexaware offers comprehensive business process management, cloud solutions, expertise in data and artificial intelligence, digital IT operations, broad digital and software development, and enterprise platform management. It serves a diverse array of industries, including banking, education, financial services, high-tech, product and platform companies, insurance, life sciences and healthcare, manufacturing, professional services, retail and consumer goods, telecommunications and utilities, and the transportation, logistics, and travel/hospitality sectors. Founded in 1990, the company initially operated as Aptech Limited before adopting the Hexaware Technologies Limited name in January 2001. Headquartered in Navi Mumbai, India, Hexaware Technologies Limited functions as a subsidiary of CA Magnum Holdings.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR564.40 +5.75 (+1.03%)
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Volume Profile
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Liquidity & share structure
Average Volume
850.1K
Beta
0.72
Float Shares
128.72M
Free Float %
21.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.61% +3.53% +2.35% -9.43% -29.38% -35.77% -34.36% -35.51% -35.51% -35.51% -35.51%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
564.40
DCF (Unlevered) 506.83 -10.2%
DCF (Levered) 575.50 +2.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 69% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 9 0
Hold 3 0
Sell 1 0
Strong Sell 1 0
Quality scores
Altman Z-Score
5.50
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Information Technology Services: +10.1%
    +12.2% Q1'26: +12.6% (vs Q1'25)
  • EPS growth Information Technology Services: +16.7%
    +14.9% Q1'26: +7.9% (vs Q1'25)
  • FCF margin FCF growth · Information Technology Services: +32.8%
    +11.0% Q1'26: -0.2% (vs Q1'25)
  • EBIT margin Information Technology Services: +9.0%
    +13.0% Q1'26: +13.3% (vs Q1'25)
  • ROIC Information Technology Services: +9.5%
    +28.4% Q1'26: +26.4% (vs Q1'25)
  • Share dilution Information Technology Services: +0.0%
    +1.3% Q1'26: -0.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×
    0.32× Q1'26: 0.31× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.91) × ERP
WACC = 98% × Ke + 2% × Kd (15.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 506.82 Current price: 564.40
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2024
actual
Dec 2025
actual
Dec 2026
13 Rev. Ana.
11 EPS Ana.
Dec 2027
15 Rev. Ana.
14 EPS Ana.
Dec 2028
9 Rev. Ana.
9 EPS Ana.
Dec 2029
4 Rev. Ana.
3 EPS Ana.
Revenue
119.74B
est: 118.18B (+1.3%)
134.30B
est: 134.29B (+0.0%)
152.46B
150.90B – 155.26B
+13.5% YoY
167.54B
154.96B – 175.46B
+9.9% YoY
180.97B
180.35B – 181.59B
+8.0% YoY
155.74B
148.88B – 160.95B
-13.9% YoY
EBITDA
18.77B
est: 18.53B (+1.3%)
21.04B
est: 21.06B (-0.1%)
23.91B
23.66B – 24.35B
+13.5% YoY
26.27B
24.30B – 27.52B
+9.9% YoY
28.38B
28.28B – 28.48B
+8.0% YoY
24.42B
23.35B – 25.24B
-13.9% YoY
EBIT
15.98B
est: 15.34B (+4.2%)
17.43B
est: 17.43B (0.0%)
19.78B
19.58B – 20.15B
+13.5% YoY
21.74B
20.11B – 22.77B
+9.9% YoY
23.48B
23.40B – 23.56B
+8.0% YoY
20.21B
19.32B – 20.89B
-13.9% YoY
Net Income
11.76B
est: 11.49B (+2.4%)
13.69B
est: 13.94B (-1.8%)
15.01B
15.00B – 16.23B
+7.7% YoY
17.04B
15.38B – 19.93B
+13.5% YoY
18.90B
16.47B – 19.85B
+11.0% YoY
19.15B
18.06B – 19.99B
+1.3% YoY
SGA
1.96B
est: 2.39B (-18.0%)
2.40B
est: 2.72B (-11.8%)
3.08B
3.05B – 3.14B
+13.5% YoY
3.39B
3.13B – 3.55B
+9.9% YoY
3.66B
3.65B – 3.67B
+8.0% YoY
3.15B
3.01B – 3.25B
-13.9% YoY
EPS
19.37
est: 18.60 (+4.1%)
22.51
est: 23.40 (-3.8%)
25.12
24.28 – 26.28
+7.4% YoY
28.43
24.90 – 32.25
+13.2% YoY
30.04
26.66 – 32.13
+5.7% YoY
31.00
29.23 – 32.35
+3.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 A 4/5 4/5 5/5 5/5 3/5 3/5 3/5
2026-05-07 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-06 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-05 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-04 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-04-30 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-04-29 B+ 3/5 4/5 4/5 5/5 3/5 2/5 1/5
2026-04-28 B+ 3/5 4/5 4/5 5/5 3/5 2/5 1/5
2026-04-27 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-04-24 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-04-23 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-04-22 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-04-21 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-04-20 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-04-17 B+ 3/5 4/5 4/5 5/5 2/5 2/5 1/5
2026-04-16 B+ 3/5 4/5 4/5 5/5 2/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
13.17B
OE per share TTM
21.31
Owner's Yield
4.45%
Maintenance CapEx ratio
13.66%
Maint CapEx / Avg PPE
11.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 55 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI India Small-Cap ETF SMIN 0.23% 1.70M 0.74%
2 Franklin FTSE India ETF FLIN 0.05% 1.48M 0.19%
3 Franklin FTSE India UCITS ETF FLXI.L 0.05% 1.06M 0.19%
4 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.05% 192.8K 0.72%
5 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.05% 173.0K 0.74%
6 iShares Emerging Markets Equity Factor ETF EMGF 0.04% 749.6K 0.26%
7 State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L 0.04% 218.8K 0.55%
8 Avantis Emerging Markets ex-China Equity ETF AVXC 0.02% 69.1K 0.33%
9 iShares Global Equity Factor ETF GLOF 0.02% 33.8K 0.20%
10 Vanguard Emerging Markets Ex-China ETF VEXC 0.01% 24.4K 0.07%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
552.1K
Shares Outstanding
609.46M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Vinod Chandran President & Chief Operating Officer 160M male
Ramakarthikeyan Srikrishna CEO & Whole-Time Executive Director 81M male
Siddharth Dhar President & Global Head of Digital IT Operations and AI 76M male
Amrinder Singh President & Head EMEA & APAC 74M male
Kamal Maggon President & Global Head of the Manufacturing & Consumer Vertical 62M male
Ravi Vaidyanathan President & Global Head of Financial Services 61M male
Nidhi Alexander Chief Marketing Officer 58M female
Eswaran Venkatachalam Executive Vice President and Global Head of Travel & Transportation 52M male
Vikash Kumar Jain Chief Financial Officer 49M male
Uma Thomas Chief Risk Officer 11M female
Gunjan Sumit Methi Compliance Officer & Company Secretary 4M female
Niraj Khemka Head of Investor Relations
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits