Hexaware Technologies Ltd
Incoprorated in 1992, Hexaware Technologies Ltd provides AI based digital & technology solutions[1]
- Market Cap ₹ 28,101 Cr.
- Current Price ₹ 460
- High / Low ₹ 900 / 430
- Stock P/E 19.4
- Book Value ₹ 103
- Dividend Yield 2.50 %
- ROCE 30.0 %
- ROE 24.9 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 18.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 49.9%
- Debtor days have improved from 54.9 to 39.6 days.
Cons
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,582 | 3,124 | 3,535 | 3,942 | 4,648 | 5,583 | 6,262 | 7,178 | 9,200 | 10,380 | 11,974 | 13,430 | |
| 2,134 | 2,579 | 2,958 | 3,286 | 3,911 | 4,701 | 5,212 | 6,042 | 7,974 | 8,809 | 10,139 | 11,519 | |
| Operating Profit | 448 | 545 | 577 | 656 | 736 | 881 | 1,050 | 1,136 | 1,226 | 1,572 | 1,835 | 1,911 |
| OPM % | 17% | 17% | 16% | 17% | 16% | 16% | 17% | 16% | 13% | 15% | 15% | 14% |
| 16 | 9 | 40 | 49 | 58 | 12 | 35 | 67 | 179 | 22 | 75 | 277 | |
| Interest | 2 | 1 | 1 | 2 | 3 | 10 | 52 | 38 | 38 | 42 | 71 | 100 |
| Depreciation | 44 | 48 | 55 | 63 | 65 | 103 | 232 | 224 | 244 | 284 | 279 | 361 |
| Profit before tax | 418 | 505 | 560 | 641 | 727 | 779 | 800 | 941 | 1,123 | 1,268 | 1,560 | 1,727 |
| Tax % | 23% | 22% | 25% | 22% | 20% | 18% | 22% | 20% | 21% | 21% | 25% | 21% |
| 320 | 393 | 419 | 500 | 583 | 641 | 622 | 749 | 884 | 998 | 1,174 | 1,368 | |
| EPS in Rs | 10.64 | 13.04 | 13.88 | 16.83 | 19.62 | 21.49 | 20.69 | 24.93 | 29.44 | 33.22 | 19.36 | 22.41 |
| Dividend Payout % | 89% | 66% | 40% | 24% | 43% | 40% | 17% | 32% | 75% | 53% | 45% | 51% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 16% |
| 3 Years: | 13% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 19% |
| 3 Years: | 18% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -41% |
| Return on Equity | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 23% |
| 3 Years: | 24% |
| Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 60 | 60 | 60 | 59 | 59 | 60 | 60 | 60 | 60 | 61 | 61 | 61 |
| Reserves | 1,230 | 1,373 | 1,681 | 1,948 | 2,332 | 2,706 | 3,176 | 3,728 | 4,063 | 4,574 | 5,296 | 6,255 |
| 0 | 0 | 0 | 0 | 0 | 143 | 236 | 374 | 456 | 394 | 574 | 681 | |
| 463 | 587 | 570 | 538 | 742 | 1,260 | 1,666 | 1,511 | 1,934 | 2,173 | 3,063 | 3,908 | |
| Total Liabilities | 1,754 | 2,021 | 2,311 | 2,545 | 3,133 | 4,169 | 5,138 | 5,674 | 6,514 | 7,202 | 8,994 | 10,905 |
| 514 | 533 | 479 | 541 | 574 | 2,038 | 2,478 | 2,391 | 2,588 | 2,454 | 3,760 | 5,130 | |
| CWIP | 35 | 116 | 323 | 256 | 224 | 86 | 10 | 12 | 6 | 55 | 131 | 50 |
| Investments | 186 | 41 | 21 | 21 | 13 | 3 | 0 | 123 | 0 | 251 | 0 | 0 |
| 1,019 | 1,330 | 1,488 | 1,726 | 2,322 | 2,042 | 2,649 | 3,147 | 3,920 | 4,442 | 5,104 | 5,724 | |
| Total Assets | 1,754 | 2,021 | 2,311 | 2,545 | 3,133 | 4,169 | 5,138 | 5,674 | 6,514 | 7,202 | 8,994 | 10,905 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 413 | 393 | 473 | 476 | 549 | 596 | 1,438 | 980 | 821 | 1,516 | 1,548 | 1,739 | |
| 119 | 14 | -197 | -95 | -8 | -1,001 | -416 | -210 | 13 | -284 | -663 | -996 | |
| -535 | -314 | -249 | -280 | -250 | -169 | -242 | -602 | -721 | -750 | -682 | -831 | |
| Net Cash Flow | -3 | 93 | 26 | 102 | 290 | -573 | 780 | 167 | 113 | 482 | 203 | -88 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 51 | 45 | 50 | 63 | 64 | 47 | 70 | 75 | 65 | 60 | 40 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 52 | 51 | 45 | 50 | 63 | 64 | 47 | 70 | 75 | 65 | 60 | 40 |
| Working Capital Days | 16 | 19 | 26 | 36 | 35 | 18 | 2 | 9 | 8 | 0 | -9 | -12 |
| ROCE % | 34% | 37% | 35% | 34% | 33% | 30% | 27% | 26% | 26% | 27% | 30% | 30% |
Insights
In beta| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
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| Revenue Contribution - Top 10 Customers % |
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Documents
Announcements
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Press Release
24 Feb - Feb 24, 2026: Hexaware expands AWS collaboration, launches RapidX and Kiro AI SDLC solutions to accelerate enterprise software delivery.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
23 Feb - Hexaware filed Annual Secretarial Compliance Report for year ended Dec 31, 2025, submitted Feb 23, 2026.
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Re-Constitution Of Committees
23 Feb - Alok Misra appointed independent director Feb 23 2026–Feb 22 2029; Vivek Sharma resigned; Shantanu Baruah assumes North America role.
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Intimation Under Regulation 30 Of LODR
23 Feb - Alok Misra appointed independent director Feb 23, 2026–Feb 22, 2029; Vivek Sharma resigned; committees reconstituted; Shantanu Baruah added NA role.
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Announcement under Regulation 30 (LODR)-Change in Directorate
23 Feb - Alok Misra appointed independent director Feb 23, 2026–Feb 22, 2029; Vivek Sharma resigned; Shantanu Baruah added North America role.
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
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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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 2024TranscriptAI SummaryPPTREC
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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 2019TranscriptAI SummaryPPT
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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 2017TranscriptAI SummaryPPT
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Oct 2016TranscriptAI SummaryPPT
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