Login
Products
Login
Home
Alerts
Search
Watchlist
Products

Hinduja Global Solutions Ltd

HGS
NSE
412.80
0.44%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
Alert
Watchlist
Note

Hinduja Global Solutions Ltd

HGS
NSE
412.80
0.44%
29 Apr '26, 4:00 PM
Company Overview
Add Alert
Add to Watchlist
Edit Note
6M
Price
Charts
Documents

Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
1,920Cr
Close
Close Price
412.80
Industry
Industry
IT Enabled Services
PE
Price To Earnings
14.23
PS
Price To Sales
0.44
Revenue
Revenue
4,384Cr
Rev Gr TTM
Revenue Growth TTM
0.97%
PAT Gr TTM
PAT Growth TTM
-91.16%
Peer Comparison
How does HGS stack up?
Compare up to 10 companies side by side across valuation, profitability, and growth.
HGS
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
1,0701,1331,1801,2041,0991,0921,0871,0641,1611,0561,0911,075
Growth YoY
Revenue Growth YoY%
-3.6-1.31.17.62.7-3.7-7.9-11.65.7-3.30.41.1
Expenses
ExpensesCr
1,0341,0571,0821,0881,0321,0751,0531,0011,0191,0281,0651,058
Operating Profit
Operating ProfitCr
36779811566173464143292617
OPM
OPM%
3.46.88.39.66.01.53.26.012.32.72.41.6
Other Income
Other IncomeCr
9811410891159127120171137131132112
Interest Expense
Interest ExpenseCr
243946495156625655585447
Depreciation
DepreciationCr
114124135142133131133138121128118123
PBT
PBTCr
-328251641-44-4141103-26-14-41
Tax
TaxCr
-281268-47131050105201315
PAT
PATCr
261718888162-51-9-211-2734
Growth YoY
PAT Growth YoY%
-99.5-51.4-92.3-84.2242.6870.7-374.1-205.0-101.9-93.146.6499.9
NPM
NPM%
2.41.51.60.78.014.8-4.7-0.8-0.11.1-2.53.2
EPS
EPS
4.93.33.91.818.534.7-8.9-0.60.83.8-4.228.6

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
2,8083,3213,7113,8494,4704,9872,6024,2734,5054,6164,4044,384
Growth
Revenue Growth%
12.118.311.73.716.111.5-47.864.35.42.5-4.6-0.5
Expenses
ExpensesCr
2,4953,0103,2933,4434,0524,3202,5244,0104,2614,2604,1474,170
Operating Profit
Operating ProfitCr
31331141840641866778263244356257214
OPM
OPM%
11.19.311.310.69.313.43.06.25.47.75.84.9
Other Income
Other IncomeCr
252623244436-38128534472555512
Interest Expense
Interest ExpenseCr
39404335409435157137184229213
Depreciation
DepreciationCr
105136143141178291117345455534523491
PBT
PBTCr
193160255254243317-113-1101861106022
Tax
TaxCr
2860755571133-54-71-102-21178153
PAT
PATCr
165100179199173184-59-39288131-11817
Growth
PAT Growth%
-2.7-39.278.511.1-13.26.5-131.833.5839.1-54.5-189.8114.3
NPM
NPM%
5.93.04.85.23.93.7-2.3-0.96.42.8-2.70.4
EPS
EPS
39.924.343.348.342.548.480.51,440.763.727.526.129.0

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
212121212121214253474747
Reserves
ReservesCr
1,0541,1681,3161,4991,6231,6992,0648,0238,4947,4417,6627,918
Current Liabilities
Current LiabilitiesCr
4236796988548131,0941,1772,7451,9072,7472,3262,348
Non Current Liabilities
Non Current LiabilitiesCr
5765934442535041,2461,083662755735991876
Total Liabilities
Total LiabilitiesCr
2,0732,4602,4792,6262,9694,0724,34511,63711,36411,12511,17211,322
Current Assets
Current AssetsCr
1,1001,2741,2081,3801,6182,0532,5086,1995,0796,3967,4708,004
Non Current Assets
Non Current AssetsCr
9731,1861,2711,2461,3512,0191,8375,4386,2854,7283,7023,319
Total Assets
Total AssetsCr
2,0732,4602,4792,6262,9694,0724,34511,63711,36411,12511,17211,322

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
191146409343170884692530111192457
Investing Cash Flow
Investing Cash FlowCr
-68-197-113-60-244-404-2091,921-88174502
Financing Cash Flow
Financing Cash FlowCr
-90-69-246-136-83-310-476-867-1,108-808-898
Net Cash Flow
Net Cash FlowCr
33-12050147-15617071,584-1,085-44261
Free Cash Flow
Free Cash FlowCr
29-106229222-1677153999173263238
CFO To PAT
CFO To PAT%
115.9145.4228.3172.498.7480.2-1,180.6-1,359.038.6146.7-388.0
CFO To EBITDA
CFO To EBITDA%
61.147.097.984.540.8132.5891.3201.245.654.1177.7

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
1,1767851,2111,6971,4441,0433,5914,2795,4073,4392,165
Price To Earnings
Price To Earnings
7.57.86.78.58.25.210.70.716.325.817.8
Price To Sales
Price To Sales
0.40.20.30.40.30.21.41.01.20.80.5
Price To Book
Price To Book
1.10.70.91.10.90.61.70.50.60.50.3
EV To EBITDA
EV To EBITDA
4.53.83.54.13.91.554.68.021.313.112.6
Profitability Ratios
Profitability Ratios
GPM
GPM%
100.0100.0100.0100.0100.0100.0100.099.099.199.198.6
OPM
OPM%
11.19.311.310.69.313.43.06.25.47.75.8
NPM
NPM%
5.93.04.85.23.93.7-2.3-0.96.42.8-2.7
ROCE
ROCE%
13.910.315.314.713.018.6-2.40.53.43.13.0
ROE
ROE%
15.48.413.413.110.510.7-2.8-0.53.41.8-1.5
ROA
ROA%
8.04.17.27.65.84.5-1.4-0.32.51.2-1.1
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Hinduja Global Solutions Ltd (HGS) is a global provider of business process management (BPM), digital transformation, and integrated digital media services. Operating across nine countries with a rapidly expanding tech-led footprint, HGS serves over 1,000 global brands. As of September 30, 2025, the company employs **18,017 people** and operates **30 global delivery centers**, including a newly consolidated 1,500-seat facility in Manila. With a revenue of **$586.1 million (₹4,958.8 crore)** for FY2025, HGS is strategically transitioning from a traditional BPM player to an **AI-powered Intelligent Experience Company**, aligning with the evolving digital and automation-driven services landscape. --- ### **Core Business Segments & Evolution** HGS operates across three primary service pillars: 1. **Tech Services** (AI, cloud, cybersecurity, data platforms) 2. **Digital Operations** (AI-driven process automation, outcome-based delivery) 3. **Customer Experience (CX)** (omnichannel engagement powered by AI and human insight) Additionally, HGS’s **Digital Media arm**, **NXT DIGITAL**, is positioned as **India’s premier integrated digital delivery platform**, serving over **6 million customers** via satellite, cable, and broadband across 1,500+ cities. --- ### **Strategic Transformation: "HGS 2.0" – The Intelligent Experience Company** #### **Vision: AI-Powered Intelligent Experiences** HGS defines **“intelligent experiences”** as the seamless integration of **AI-augmented customer interactions (intelligent interactions)** with **backend fulfillment processes (intelligent operations)** to deliver consistent, predictable outcomes. The goal is to move beyond effort-based models to **outcome-driven, scalable, transaction-fee-based digital operations**, powered by **Agentic AI**—autonomous systems that make dynamic decisions without manual intervention. #### **Long-Term Roadmap** - Target **mid-20s EBITDA margins** within 5 years through digital acceleration and automation. - Shift revenue mix toward high-margin **digital and AI-enabled services**, with **80–90% of growth driven by existing clients**. - Transition from people-led to **platform-led delivery** using proprietary AI tools, automation, and industry-specific accelerators. --- ### **Digital Innovation & AI Leadership** #### **HGS Agent X: Core of AI-Led Transformation** - **HGS Agent X** is a proprietary, cloud-based AI platform with **over 12 modular capabilities**, including: - Speech AI & natural language processing - Voice biometrics and deepfake detection - Real-time agent assistance and sentiment analysis - AI-driven knowledge assistant and workflow automation - Deployed across **20+ global clients** and **5,000+ active users**, with **40% training optimization**, **25% productivity gains**, and **89% reduction in agent attrition**. - Recognized by **ISG Provider Lens** in the **Leader Quadrant** for Intelligent Agent Experience and CX (AI & Analytics). - Now being expanded globally (UK, Philippines, APAC) and into **industry-specific use cases** (e.g., anti-money laundering, loan processing). #### **AI & Generative AI Initiatives** - Operates **dedicated AI Labs** in Bengaluru, Manila, and New York. - Combines **third-party LLMs with domain-specific data** to deliver **hyper-personalized customer journeys**. - Developing **solution accelerators** for: - Video/AI-based workplace safety - Conversational commerce and Gen AI co-pilots - Social care spam detection and inventory optimization #### **Agentic AI & Digital Ops Strategy** HGS is positioning its **Agentic AI** offerings across three revenue models: 1. **Strategy & Implementation Services** (project-based advisory) 2. **Packaged AI Solutions** (IP-based, license-fee models) 3. **Digital Ops** (prebuilt blueprints on transaction-fee basis) This enables **repeatable, scalable revenue** with higher margins and reduced dependency on manual labor. --- ### **Digital Media & Enterprise Connectivity (CelerityX)** #### **NXT DIGITAL: A National Digital Backbone** - India’s only **Headend-In-The-Sky (HITS) platform**, covering **4,500+ pin codes** and 1,500+ cities—including **Sikkim, Andaman & Nicobar Islands, and Kargil**. - Operates **200,000 km of owned and partner fiber networks** and **125+ NXTHUBs**, enabling rapid last-mile delivery. - Offers bundled digital services via **ONEDigital**, integrating broadband (up to 1,000 Mbps), digital TV (~650 channels), OTT, VoIP, Wi-Fi, and CCTV. - **'ONE Broadband'** serves **over 1 million residential customers**, making HGS India’s **4th largest private ISP**. #### **CelerityX: Enterprise Division Driving B2B Growth** - A dedicated **enterprise broadband and networking solutions brand** under OIL (OneOTT Intertainment Ltd). - Key offerings: - **NetX**: Transparent, multi-ISP marketplace with real-time monitoring and trouble ticketing. - **OneX**: Zero-trust network-as-a-service (NaaS), serving **3,000+ cooperative and rural banks**. - **SkyX**: Satellite broadband (BoS) using partnerships like Thaicom, delivering high-uptime connectivity in remote areas (e.g., Kashmir, Arunachal Pradesh). - **Six major new client wins in Q2 2025**, including high-profile BFSI and media clients. - Recently deployed **3,000+ high-speed broadband links** and **managed Wi-Fi, cybersecurity, SD-WAN, and disaster recovery** solutions. - Recognized during live coverage of the Shree Ram Mandir event in Ayodhya for **mission-critical connectivity delivery**. --- ### **Strategic Growth Initiatives** #### **Geographic Expansion** - New **1,500-seat intelligent experience hub in Manila**, expandable to **3,000 employees**. - **Waterloo, Canada launch** (150+ jobs) focused on automation, AI, and bilingual support. - Expansion in **South Africa, Colombia, and Australia**, with strong traction in **offshoring to India**. #### **Vertical Focus & Consultative Sales** - Dedicated **GTM teams** for **BFSI, Retail & CPG, TMT, and UK Public Sector**. - Targeting **mid-market enterprises** ($500M–$3B revenue) with **AI-led solutions** in: - Anti-money laundering - Loan processing automation - Customer 360 and digital trust & safety - Shifting to a **consultative, solution-orchestrator model** for non-linear growth. #### **Packaged Solutions & IP Development** - Developing **modular, pre-configured solutions** for rapid deployment. - Co-creating **12 proprietary solutions** with high-growth clients. - Focus on **repeatable, high-margin IP** in **Digital Operations, security, and cloud migration**. --- ### **Synergies Across HGS Ecosystem** - **Integration of BPM, Tech Services, and Digital Media**: Leveraging infrastructure (fiber, satellite), sales channels (LMOs), and AI from BPM to serve both B2C and B2B markets. - **Shared Services Model**: Joint RPA and automation in SAP, intercompany procurement, and vendor payments, reducing costs and improving supply chain transparency. - **Employee Reskilling**: **DigiRise AI training program** to upskill 18,000+ employees in AI, analytics, and digital tools. --- ### **Cybersecurity & New Market Entry** - Launched **HGS CyberSecurity**, a suite of **7 AI/ML-powered solutions**: - Secure AI, Cloud Security, SOC-as-a-Service, vCISO, Digital Forensics - First-time entry into **cybersecurity market**, addressing rising client demand for end-to-end secure digital solutions. --- ### **Leadership & Governance** - **Mr. Vynsley Fernandes** (MD & CEO, NXT DIGITAL) leads the media vertical, overseeing HITS, OneOTT, IndusInd Media, and IN Entertainment. - **Mr. Venkatesh Korla** (President & CEO, HGS Americas) leads U.S. operations and founded Element Solutions (acquired in 2018), now the foundation of HGS Digital. - Current **CEO is preparing to retire**; search underway for new leadership to drive the **AI-led transformation**.