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Hinduja Global Solutions Limited (HGS.NS)

INR445.80 -7.80 (-1.72%)
IN NSE Industrials Specialty Business Services
Address Gold Hill Square Park, No. 690 560068
Bengaluru, IN
CEO Vynsley John Clement Fernandes
Website hgs.cx
IPO 2002-08-12
ISIN INE170I01016

Explore sections of this company profile

Also trades on Bombay Stock Exchange · HGS.BO (INR) National Stock Exchange of India · HGS.NS (INR)
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 company excels at optimizing business operations and refining customer interactions through a diverse portfolio of offerings. Its consumer-centric services encompass sophisticated customer engagement strategies, flexible work-at-home models, and the proprietary HGS Work Cloud platform. For organizational efficiency, HGS provides comprehensive business process optimization solutions, including back-office support, human resources outsourcing, and specialized business-to-business services. Furthermore, they are at the forefront of contact center transformation, integrating cognitive technologies, advanced analytics, and intelligence to enhance performance. HGS also delivers cutting-edge digital solutions, such as crafting superior digital experiences, implementing automation, offering robust analytics, and providing a full spectrum of cloud services. Within the healthcare sector, specialized offerings include enrollment and member engagement management, automated mailroom processes, support for providers and brokers, and bespoke consulting services. Beyond these, HGS engages in investment activities and furnishes essential contact center, consulting, call center, and offshoring capabilities. The company also develops platform-based solutions tailored for health insurance enterprises, alongside providing digital marketing, strategic consulting, cloud migration, and continuous cloud monitoring services. HGS caters to a wide array of industries, including automotive, banking, financial services, insurance, consumer electronics and technology, consumer packaged goods, healthcare, the public sector, retail and e-commerce, travel and hospitality, and telecommunications. Established in 1973 and headquartered in Bengaluru, India, the company was formerly recognized as HTMT Global Solutions Limited until its official rebranding to Hinduja Global Solutions Limited in December 2008.

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
INR445.80 -7.80 (-1.72%)
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Volume Profile
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Liquidity & share structure
Average Volume
50.8K
Beta
0.18
Float Shares
10.80M
Free Float %
23.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.73% -1.23% -4.50% +14.75% -13.94% -9.51% -22.73% -64.12% -66.50% +99.03% +149.07%
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
445.80
DCF (Unlevered) 4,349.95 +875.8%
DCF (Levered) 651.12 +46.1%

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) 100% Bullish
Rating 2024-11 Change
Strong Buy 1 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.35
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Specialty Business Services: +7.6%
    -2.2% Q1'26: -6.6% (vs Q1'25)
  • ✗
    EPS growth Specialty Business Services: +24.4%
    -73.5% Q1'26: -317.1% (vs Q1'25)
  • ✗
    FCF margin FCF growth · Specialty Business Services: +27.6%
    -13.2% Q1'26: +0.0% (vs Q1'25)
  • ✗
    EBIT margin Specialty Business Services: +9.0%
    +3.1% Q1'26: +5.3% (vs Q1'25)
  • ✗
    ROIC Specialty Business Services: +7.8%
    +2.4% Q1'26: +2.4% (vs Q1'25)
  • ✓
    Share dilution Specialty Business Services: +0.4%
    0.0% Q1'26: +0.1% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Specialty Business Services: -0.21×
    19.89× ★ Q1'26: 2.56× (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 (0.18) × ERP
WACC = 49% × Ke + 51% × Kd (10.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 2,151.49 Current price: 445.80
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 Mar 2014
actual 		Mar 2015
actual 		Mar 2016
actual 		Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2025
actual 		Mar 2026
1 Rev. Ana.
1 EPS Ana. 		Mar 2027
1 Rev. Ana.
1 EPS Ana. 		Mar 2028
1 Rev. Ana.
1 EPS Ana. 		Mar 2029
1 Rev. Ana.
1 EPS Ana. 		Mar 2030
1 Rev. Ana.
1 EPS Ana. 		Mar 2031
1 Rev. Ana.
1 EPS Ana.
Revenue
25.05B
est: 25.71B (-2.6%)
28.08B
est: 28.41B (-1.2%)
33.21B
est: 33.30B (-0.3%)
37.11B
est: 37.53B (-1.1%)
38.49B
est: 38.33B (+0.4%)
44.39B
est: 47.25B (-6.0%)
49.87B
est: 52.12B (-4.3%)
26.02B
est: 57.33B (-54.6%)
42.43B
est: 74.46B (-43.0%)
44.04B
est: 33.30B (+32.2%)
33.30B
33.30B – 33.30B
+0.0% YoY
37.53B
37.53B – 37.53B
+12.7% YoY
38.33B
38.33B – 38.33B
+2.1% YoY
47.25B
47.25B – 47.25B
+23.3% YoY
52.12B
52.12B – 52.12B
+10.3% YoY
57.33B
57.33B – 57.33B
+10.0% YoY
EBITDA
3.56B
est: 3.32B (+7.2%)
3.35B
est: 3.49B (-4.1%)
3.37B
est: 3.20B (+5.4%)
4.35B
est: 3.15B (+38.1%)
4.30B
est: 3.56B (+20.9%)
4.56B
est: 4.93B (-7.5%)
7.35B
est: 5.01B (+46.7%)
395.66M
est: 6.92B (-94.3%)
3.96B
est: 9.66B (-59.0%)
8.12B
est: 11.90B (-31.8%)
11.90B
11.90B – 11.90B
+0.0% YoY
13.41B
13.41B – 13.41B
+12.7% YoY
13.69B
13.69B – 13.69B
+2.1% YoY
16.88B
16.88B – 16.88B
+23.3% YoY
18.62B
18.62B – 18.62B
+10.3% YoY
20.48B
20.48B – 20.48B
+10.0% YoY
EBIT
2.70B
est: 942.79M (+186.1%)
2.30B
est: 2.65B (-13.1%)
1.98B
est: 2.50B (-21.0%)
2.92B
est: 1.98B (+47.5%)
2.82B
est: 3.07B (-8.0%)
2.78B
est: 3.07B (-9.4%)
4.05B
est: 2.78B (+45.8%)
-777.46M
est: 4.18B (-118.6%)
513.59M
est: 2.74B (-81.3%)
2.89B
est: 5.82B (-50.3%)
5.82B
5.82B – 5.82B
+0.0% YoY
6.56B
6.56B – 6.56B
+12.7% YoY
6.70B
6.70B – 6.70B
+2.1% YoY
8.25B
8.25B – 8.25B
+23.3% YoY
9.10B
9.10B – 9.10B
+10.3% YoY
10.02B
10.02B – 10.02B
+10.0% YoY
Net Income
1.70B
est: 3.71B (-54.3%)
1.65B
est: 1.90B (-13.3%)
1.01B
est: 1.94B (-47.9%)
1.80B
est: 1.14B (+56.8%)
2.01B
est: 1.84B (+8.9%)
1.77B
est: 2.40B (-26.2%)
2.02B
est: 2.06B (-2.1%)
3.36B
est: 2.38B (+40.9%)
60.47B
est: 6.11B (+888.9%)
1.21B
est: 1.19B (+1.8%)
1.19B
1.19B – 1.19B
+0.0% YoY
2.06B
2.06B – 2.06B
+72.5% YoY
2.11B
2.11B – 2.11B
+2.5% YoY
1.89B
1.89B – 1.89B
-10.5% YoY
2.56B
2.56B – 2.56B
+35.5% YoY
2.98B
2.98B – 2.98B
+16.3% YoY
SGA
4.02B
est: 2.77B (+45.0%)
1.10B
est: 24.11B (-95.4%)
6.44B
est: 28.66B (-77.5%)
1.59B
est: 33.09B (-95.2%)
1.66B
est: 32.66B (-94.9%)
2.03B
est: 40.32B (-95.0%)
1.99B
est: 35.14B (-94.3%)
83.81M
est: 49.94B (-99.8%)
2.56B
est: 8.07B (-68.3%)
16.08B
est: 3.59B (+347.9%)
3.59B
3.59B – 3.59B
+0.0% YoY
4.05B
4.05B – 4.05B
+12.7% YoY
4.13B
4.13B – 4.13B
+2.1% YoY
5.09B
5.09B – 5.09B
+23.3% YoY
5.62B
5.62B – 5.62B
+10.3% YoY
6.18B
6.18B – 6.18B
+10.0% YoY
EPS
41.17
est: 79.79 (-48.4%)
39.94
est: 39.61 (+0.8%)
24.34
est: 25.65 (-5.1%)
43.29
est: 44.25 (-2.2%)
48.28
est: 45.38 (+6.4%)
42.54
est: 40.60 (+4.8%)
48.43
est: 55.00 (-11.9%)
80.46
est: 63.96 (+25.8%)
1,152.36
est: 130.80 (+781.0%)
26.10
est: 25.65 (+1.8%)
25.65
25.65 – 25.65
+0.0% YoY
44.25
44.25 – 44.25
+72.5% YoY
45.38
45.38 – 45.38
+2.5% YoY
40.60
40.60 – 40.60
-10.5% YoY
55.00
55.00 – 55.00
+35.5% YoY
63.96
63.96 – 63.96
+16.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-05 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-06-04 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-06-03 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-06-02 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-06-01 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-05-29 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-05-27 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-05-26 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-05-25 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-05-22 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-05-21 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-05-20 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-05-19 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-05-18 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-05-15 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-05-14 B+ 3/5 4/5 2/5 3/5 3/5 1/5 5/5
2026-05-13 B+ 3/5 4/5 2/5 3/5 3/5 2/5 5/5
2026-05-12 B+ 3/5 4/5 2/5 3/5 3/5 2/5 5/5
2026-05-11 B+ 3/5 4/5 2/5 3/5 3/5 2/5 5/5
2026-05-08 B+ 3/5 4/5 2/5 3/5 3/5 2/5 5/5
2026-05-07 B+ 3/5 4/5 2/5 3/5 3/5 2/5 5/5
2026-05-06 B+ 3/5 4/5 2/5 3/5 3/5 2/5 5/5
2026-05-05 B+ 3/5 4/5 2/5 3/5 3/5 2/5 5/5
2026-05-04 B+ 3/5 4/5 2/5 3/5 3/5 2/5 5/5
2026-04-30 B+ 3/5 4/5 2/5 3/5 2/5 2/5 5/5
2026-04-29 B 3/5 4/5 2/5 3/5 2/5 1/5 5/5
2026-04-28 B 3/5 4/5 2/5 3/5 2/5 1/5 5/5
2026-04-27 B 3/5 4/5 2/5 3/5 2/5 1/5 5/5
2026-04-24 B+ 3/5 4/5 2/5 4/5 2/5 1/5 5/5
2026-04-23 B+ 3/5 4/5 2/5 4/5 2/5 1/5 5/5
2026-04-22 B+ 3/5 4/5 2/5 4/5 2/5 1/5 5/5
2026-04-21 B+ 3/5 4/5 2/5 4/5 2/5 1/5 5/5
2026-04-20 B+ 3/5 4/5 2/5 4/5 2/5 1/5 5/5
2026-04-17 B+ 3/5 4/5 2/5 4/5 2/5 1/5 5/5
2026-04-16 B+ 3/5 4/5 2/5 4/5 2/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
6.07B
OE per share TTM
131.63
Owner's Yield
32.26%
Maintenance CapEx ratio
62.59%
Maint CapEx / Avg PPE
30.6%

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

This company is not held by any ETF in our universe.

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
74.0K
Shares Outstanding
46.52M

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
Mahesh Kumar Nutalapati Global Chief Financial Officer 36M male
Vynsley John Clement Fernandes Whole-Time Director & Chief Executive Officer of NXTDIGITAL Media Businesses 31M male
Jaydeep Sampat Chief Technology Officer — male
Mohanan General Manager of Administration — —
Dinesh Charak Senior Vice President of Global Legal and Compliance — male
Ramalingam Ravi Head of Investor Relations — male
Soumen Nag Choudhury Senior Vice President of Operations — male
Venkatesh Korla Global Chief Executive Officer — male
Raghavendra Chinhalli Chief Information Officer — male
Jayaprasad Menon General Manager of Finance and Accounts — —
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

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