Hexaware Technologies Ltd
Incoprorated in 1992, Hexaware Technologies Ltd provides AI based digital & technology solutions[1]
- Market Cap ₹ 42,174 Cr.
 - Current Price ₹ 692
 - High / Low ₹ 900 / 590
 - Stock P/E 43.9
 - Book Value ₹ 55.8
 - Dividend Yield 1.63 %
 - ROCE 32.3 %
 - ROE 25.7 %
 - Face Value ₹ 1.00
 
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.8%
 - Company has been maintaining a healthy dividend payout of 79.1%
 - Company's median sales growth is 17.7% of last 10 years
 
Cons
- Stock is trading at 12.4 times its book value
 
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,020 | 1,155 | 1,294 | 1,393 | 1,524 | 1,794 | 2,141 | 2,428 | 3,217 | 4,101 | 4,985 | 6,289 | 6,929 | |
| 611 | 792 | 855 | 936 | 1,034 | 1,246 | 1,506 | 1,745 | 2,415 | 3,258 | 3,946 | 5,111 | 5,692 | |
| Operating Profit | 409 | 363 | 439 | 457 | 490 | 548 | 635 | 683 | 802 | 844 | 1,039 | 1,178 | 1,237 | 
| OPM % | 40% | 31% | 34% | 33% | 32% | 31% | 30% | 28% | 25% | 21% | 21% | 19% | 18% | 
| 33 | 59 | 10 | 32 | 57 | 54 | 36 | 91 | 68 | 168 | 34 | 49 | 193 | |
| Interest | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 29 | 23 | 28 | 26 | 54 | 71 | 
| Depreciation | 31 | 39 | 41 | 42 | 49 | 49 | 61 | 113 | 120 | 125 | 135 | 137 | 144 | 
| Profit before tax | 410 | 382 | 408 | 446 | 497 | 552 | 609 | 631 | 726 | 859 | 913 | 1,036 | 1,216 | 
| Tax % | 19% | 17% | 18% | 21% | 17% | 18% | 17% | 15% | 19% | 20% | 20% | 24% | |
| 334 | 318 | 333 | 351 | 411 | 453 | 508 | 538 | 587 | 690 | 727 | 784 | 960 | |
| EPS in Rs | 11.14 | 10.58 | 11.04 | 11.64 | 13.85 | 15.23 | 17.01 | 17.92 | 19.56 | 22.97 | 24.21 | 12.90 | 15.80 | 
| Dividend Payout % | 100% | 89% | 78% | 47% | 29% | 56% | 50% | 20% | 41% | 96% | 73% | 68% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 18% | 
| 5 Years: | 24% | 
| 3 Years: | 25% | 
| TTM: | 26% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% | 
| 5 Years: | 9% | 
| 3 Years: | 10% | 
| TTM: | 7% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% | 
| 5 Years: | 8% | 
| 3 Years: | % | 
| 1 Year: | % | 
| Return on Equity | |
|---|---|
| 10 Years: | 26% | 
| 5 Years: | 25% | 
| 3 Years: | 26% | 
| Last Year: | 26% | 
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Jun 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 60 | 60 | 60 | 60 | 59 | 59 | 60 | 60 | 60 | 60 | 61 | 61 | 61 | 
| Reserves | 829 | 977 | 1,050 | 1,284 | 1,482 | 1,678 | 1,892 | 2,248 | 2,615 | 2,610 | 2,811 | 3,091 | 3,338 | 
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 238 | 0 | 240 | 404 | 391 | |
| 577 | 403 | 389 | 313 | 200 | 262 | 308 | 752 | 653 | 972 | 1,055 | 1,842 | 1,846 | |
| Total Liabilities | 1,465 | 1,440 | 1,499 | 1,658 | 1,742 | 1,999 | 2,259 | 3,060 | 3,566 | 3,643 | 4,166 | 5,397 | 5,636 | 
| 302 | 310 | 301 | 268 | 350 | 378 | 582 | 880 | 831 | 835 | 763 | 878 | 856 | |
| CWIP | 21 | 35 | 111 | 324 | 257 | 225 | 87 | 11 | 13 | 7 | 56 | 129 | 160 | 
| Investments | 534 | 379 | 243 | 219 | 222 | 200 | 230 | 231 | 577 | 521 | 900 | 1,639 | 1,597 | 
| 608 | 717 | 844 | 847 | 913 | 1,197 | 1,360 | 1,938 | 2,145 | 2,280 | 2,446 | 2,751 | 3,024 | |
| Total Assets | 1,465 | 1,440 | 1,499 | 1,658 | 1,742 | 1,999 | 2,259 | 3,060 | 3,566 | 3,643 | 4,166 | 5,397 | 5,636 | 
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 269 | 323 | 288 | 535 | 250 | 339 | 365 | 710 | 995 | 580 | 1,256 | 918 | |
| -106 | 176 | 27 | -189 | -89 | -45 | -125 | 1 | -392 | 0 | -413 | -413 | |
| -125 | -536 | -314 | -249 | -280 | -250 | -305 | -250 | -325 | -716 | -614 | -627 | |
| Net Cash Flow | 37 | -37 | 0 | 97 | -118 | 44 | -65 | 460 | 278 | -136 | 229 | -122 | 
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 108 | 112 | 72 | 99 | 109 | 112 | 127 | 105 | 107 | 83 | 77 | 
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 85 | 108 | 112 | 72 | 99 | 109 | 112 | 127 | 105 | 107 | 83 | 77 | 
| Working Capital Days | -75 | 21 | 49 | 33 | 94 | 107 | 122 | 103 | 59 | 61 | 21 | 3 | 
| ROCE % | 44% | 40% | 38% | 36% | 34% | 34% | 33% | 31% | 29% | 32% | 32% | 32% | 
Documents
Announcements
- 
        
          Closure Of Step Down Subsidiary
          
            30 Oct - Softcrylic Technologies Inc. voluntarily liquidated effective Oct 29, 2025; FY24 revenue INR 6 million, net worth INR 3 million.
 - 
        
          Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
          
            27 Oct - Q3 CY2025 earnings video conference call on Nov 07, 2025 at 8:00 AM IST.
 - 
        
          Press Release On Hexaware Comments On Meritless Patent Lawsuit Filed By Natsoft
          
            27 Oct - Oct 27, 2025: Natsoft filed US patent lawsuit; Hexaware denies claims, will defend; cites Amaze, Tensai, RapidX.
 - 
        
          Intimation
          
            24 Oct - Hexaware enters US mediation with European client over USD 9 million receivable; amounts fully provided.
 - 
        
          Board Meeting Intimation for Considering And Approving Audited Standalone And Consolidated Financial Results For Quarterly And Nine Months Ended On September 30, 2025
          
            24 Oct - Board meeting Nov 6, 2025 to approve audited standalone and consolidated quarterly and 9-month results ended Sep 30, 2025
 
Annual reports
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      Financial Year 2024
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      Financial Year 2020
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      Financial Year 2019
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      Financial Year 2018
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      Financial Year 2017
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      Financial Year 2016
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      Financial Year 2015
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      Financial Year 2014
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      Financial Year 2013
      from nse
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      Financial Year 2013
      from bse
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      Financial Year 2012
      from nse
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      Financial Year 2012
      from bse
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      Financial Year 2011
      from bse
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      Financial Year 2010
      from bse
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      Financial Year 2010
      from nse
 
Concalls
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      Jul 2025Transcript PPT REC
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      May 2025TranscriptPPT
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      Apr 2025Transcript PPT
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      Mar 2025Transcript PPT
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      Apr 2024TranscriptNotesPPTREC
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      Jul 2020Transcript PPT
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      Apr 2020Transcript PPT
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      Feb 2020Transcript PPT
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      Oct 2019Transcript PPT
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      Aug 2019Transcript PPT
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      Jun 2019TranscriptNotesPPT
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      Apr 2019Transcript PPT
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      Jan 2019Transcript PPT
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      Oct 2018Transcript PPT
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      Jul 2018Transcript PPT
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      May 2018Transcript PPT
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      Feb 2018Transcript PPT
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      Nov 2017Transcript PPT
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      Jul 2017Transcript PPT
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      Apr 2017Transcript PPT
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      Feb 2017TranscriptNotesPPT
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      Oct 2016TranscriptNotesPPT
 
Business Overview:[1]
HTL is a global digital and technology services company with artificial intelligence at its core. It uses technology to deliver AI based solutions through its suite of platforms and tools