Hexaware Technologies Ltd

Hexaware Technologies is engaged in information technology consulting, software development and business process services.

Pros:
Company is virtually debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 28.19%
Company has been maintaining a healthy dividend payout of 43.99%
Cons:
Promoter's stake has decreased
The company has delivered a poor growth of 11.96% over past five years.
Tax rate seems low
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison Sector: IT - Software // Industry: Computers - Software - Medium / Small

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
371 369 366 381 405 372 392 431 473 498 511 501
241 237 240 260 274 260 289 307 315 336 357 355
Operating Profit 130 131 126 121 131 112 103 125 158 162 154 146
OPM % 35% 36% 34% 32% 32% 30% 26% 29% 33% 33% 30% 29%
Other Income 5 12 7 17 20 12 25 26 26 -23 -3 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 11 11 12 12 13 13 12 12 13 13 13 15
Profit before tax 124 132 120 127 138 111 116 139 172 126 139 137
Tax % 23% 21% 21% 20% 17% 12% 19% 19% 18% 16% 15% 17%
Net Profit 96 105 96 102 115 98 94 113 141 105 119 114
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 TTM
469 498 486 424 679 912 1,020 1,155 1,294 1,393 1,524 1,794 1,983
410 456 372 419 448 590 611 792 855 936 1,034 1,246 1,363
Operating Profit 59 43 114 5 230 323 409 363 439 457 490 548 620
OPM % 13% 9% 24% 1% 34% 35% 40% 31% 34% 33% 32% 31% 31%
Other Income -47 20 34 116 45 46 33 59 10 32 57 54 6
Interest 1 2 0 2 2 1 1 1 0 1 1 1 0
Depreciation 17 20 19 18 19 27 31 39 41 42 49 49 52
Profit before tax -6 41 130 101 254 341 410 382 408 446 497 552 574
Tax % -70% 11% 4% 8% 9% 16% 19% 17% 18% 21% 17% 18%
Net Profit -11 37 124 93 232 286 334 318 333 351 411 453 479
EPS in Rs 0.00 1.20 4.21 2.95 7.26 8.75 11.14 8.99 9.29 11.64 13.85 15.23
Dividend Payout % -107% 39% 16% 47% 51% 56% 100% 89% 78% 47% 29% 56%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:13.67%
5 Years:11.96%
3 Years:11.52%
TTM:23.94%
Compounded Profit Growth
10 Years:28.39%
5 Years:6.26%
3 Years:10.82%
TTM:14.06%
Return on Equity
10 Years:27.35%
5 Years:29.41%
3 Years:28.19%
Last Year:27.63%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Jun 2019
29 29 29 29 59 59 60 60 60 60 59 59 60
Reserves 652 550 734 845 800 925 829 977 1,050 1,284 1,482 1,678 1,775
Borrowings 0 0 0 0 0 0 0 0 0 0 0 0 0
210 270 201 216 381 334 585 409 397 340 221 283 263
Total Liabilities 890 848 964 1,090 1,240 1,319 1,473 1,447 1,506 1,684 1,762 2,020 2,097
108 127 136 145 212 251 302 310 301 268 350 378 436
CWIP 92 143 126 97 80 76 21 35 111 324 257 225 212
Investments 434 204 328 244 230 436 534 379 243 219 222 200 230
256 374 374 604 718 556 616 723 852 874 934 1,217 1,219
Total Assets 890 848 964 1,090 1,240 1,319 1,473 1,447 1,506 1,684 1,762 2,020 2,097

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018
81 34 129 7 122 197 269 323 288 535 250 339
-49 140 -110 166 -18 -234 -106 176 27 -189 -89 -45
-27 -9 -18 -22 -132 -190 -125 -536 -314 -249 -280 -250
Net Cash Flow 5 166 0 152 -28 -226 37 -37 0 97 -118 44

Ratios Standalone Figures in Rs. Crores / View Consolidated

Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018
ROCE % 14% 7% 19% 6% 30% 37% 44% 40% 38% 36% 34% 34%
Debtor Days 96 63 49 93 106 101 85 108 112 72 99 109
Inventory Turnover