Hinduja Global Solutions Ltd

Hinduja Global Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hinduja Global Solutions Ltd

₹ 824 -0.93%
19 Apr - close price
teamhgs.com BSE: 532859 NSE : HGS
About

Hinduja Global Solutions Ltd is engaged in the business of business process management (BPM). It offers voice and non-voice based services such as contact center solutions and back office transaction processing across the globe.[1]

The company is a part of Hinduja Group which has presence in Automotive, information Technology, media, entertainment & communications, infrastructure project, development, oil & specialty chemicals, power, real estate and healthcare. It employs ~200,000 people globally.[2]

Key Points

Business Overview
The company is engaged in Business Process Management (BPM) and Media and Communication business(Digital Services). The BPM segment offers voice and non-voice-based services such as contact center solutions and back-office transaction processing across America, Canada, Europe, Asia and the Middle East. Its digital business is India’s premier integrated Digital Delivery Platforms Company delivering services via satellite, digital cable and broadband to over 5 million customers across 1,500 cities and towns. [1]

Website BSE NSE
  • Market Cap ₹ 3,834 Cr.
  • Current Price ₹ 824
  • High / Low ₹ 1,175 / 719
  • Stock P/E 57.9
  • Book Value ₹ 1,576
  • Dividend Yield 1.82 %
  • ROCE 2.29 %
  • ROE 3.00 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.52 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 44.6%
  • Company has been maintaining a healthy dividend payout of 21.3%
  • Debtor days have improved from 97.5 to 59.4 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.20% over past five years.
  • Tax rate seems low
  • Contingent liabilities of Rs.1,298 Cr.
  • Earnings include an other income of Rs.411 Cr.
  • Working capital days have increased from 138 days to 197 days

* 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.

Peer comparison

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
761.99 1,550.52 1,066.31 1,051.87 1,110.02 1,148.68 1,167.54 1,119.12 1,069.81 1,133.49 1,179.86 1,203.67
745.01 1,318.41 977.83 993.91 1,073.85 1,098.18 1,092.50 1,036.84 1,033.51 1,056.66 1,082.35 1,088.34
Operating Profit 16.98 232.11 88.48 57.96 36.17 50.50 75.04 82.28 36.30 76.83 97.51 115.33
OPM % 2.23% 14.97% 8.30% 5.51% 3.26% 4.40% 6.43% 7.35% 3.39% 6.78% 8.26% 9.58%
143.70 27.34 132.22 172.23 5,802.28 172.15 248.16 78.17 98.42 114.13 107.54 91.24
Interest 8.16 19.33 39.93 40.40 36.99 40.03 35.47 37.98 23.79 38.77 45.68 48.50
Depreciation 29.23 75.94 85.00 82.07 92.21 106.21 117.62 117.94 113.61 123.84 134.85 141.88
Profit before tax 123.29 164.18 95.77 107.72 5,709.25 76.41 170.11 4.53 -2.68 28.35 24.52 16.19
Tax % -5.70% 28.72% -14.39% -27.57% -0.42% 55.22% -40.48% -1,039.51% 1,061.94% 41.31% 24.84% 49.54%
130.32 117.02 109.54 137.43 5,733.09 34.21 238.96 51.62 25.77 16.64 18.43 8.18
EPS in Rs 31.18 28.00 25.61 32.00 1,370.42 8.28 56.79 9.68 4.84 3.20 3.81 2.18
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,554 1,983 2,505 2,808 3,321 3,711 3,849 4,470 4,986 2,602 4,273 4,505 4,587
1,370 1,760 2,183 2,495 3,010 3,293 3,440 4,052 4,320 2,520 4,002 4,257 4,261
Operating Profit 184 224 322 313 311 418 409 419 667 81 271 248 326
OPM % 12% 11% 13% 11% 9% 11% 11% 9% 13% 3% 6% 6% 7%
29 28 34 25 26 23 21 47 58 353 6,225 581 411
Interest 29 44 39 39 40 43 35 40 94 35 161 141 157
Depreciation 61 77 86 105 136 143 141 178 291 117 345 455 514
Profit before tax 122 131 231 193 160 255 254 247 339 282 5,991 232 66
Tax % 13% 31% 27% 15% 37% 30% 22% 29% 39% -19% -1% -44%
106 91 170 165 100 179 199 176 206 336 6,061 334 69
EPS in Rs 25.75 21.98 41.15 39.86 24.31 43.27 48.23 42.49 48.43 80.39 1,446.78 63.22 14.03
Dividend Payout % 39% 45% 24% 25% 31% 12% 10% 12% 21% 25% 15% 24%
Compounded Sales Growth
10 Years: 9%
5 Years: 3%
3 Years: -3%
TTM: 1%
Compounded Profit Growth
10 Years: 10%
5 Years: 3%
3 Years: 5%
TTM: -77%
Stock Price CAGR
10 Years: 12%
5 Years: 21%
3 Years: 0%
1 Year: -20%
Return on Equity
10 Years: 32%
5 Years: 39%
3 Years: 45%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 21 21 21 21 21 21 21 21 21 21 42 53 47
Reserves 1,128 1,215 1,431 1,054 1,168 1,317 1,499 1,623 1,699 2,064 8,034 8,494 7,283
733 551 634 641 838 662 586 592 605 1,180 1,409 998 1,672
261 280 343 358 410 441 515 719 1,720 1,077 2,121 1,743 1,831
Total Liabilities 2,142 2,066 2,430 2,073 2,436 2,440 2,620 2,955 4,045 4,342 11,605 11,288 10,832
888 942 1,088 772 936 949 919 1,033 1,733 1,578 2,176 2,812 2,903
CWIP 0 4 2 4 14 32 1 5 5 3 9 13 21
Investments 6 8 7 9 10 5 11 15 10 5 2,482 2,753 3,289
1,247 1,113 1,332 1,289 1,476 1,454 1,689 1,902 2,297 2,756 6,938 5,710 4,619
Total Assets 2,142 2,066 2,430 2,073 2,436 2,440 2,620 2,955 4,045 4,342 11,605 11,288 10,832

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
148 132 235 191 146 409 343 170 884 692 530 118
-619 98 -130 -62 -186 -120 -55 -226 -366 -217 1,871 26
495 -268 -14 -90 -69 -246 -136 -83 -310 -476 -867 -1,108
Net Cash Flow 23 -37 91 40 -109 43 152 -138 208 -1 1,534 -964

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 64 66 68 53 50 46 78 95 72 173 61 59
Inventory Days
Days Payable
Cash Conversion Cycle 64 66 68 53 50 46 78 95 72 173 61 59
Working Capital Days 24 44 50 45 49 37 28 51 45 156 61 197
ROCE % 10% 10% 14% 12% 11% 15% 15% 13% 20% 1% 2% 2%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.19% 67.19% 67.13% 67.13% 67.13% 67.13% 66.59% 66.59% 67.72% 67.72% 67.72% 67.72%
6.93% 6.82% 7.00% 6.08% 8.10% 15.44% 13.40% 12.40% 12.51% 12.41% 12.39% 12.49%
0.08% 0.21% 0.43% 0.11% 0.09% 0.07% 0.28% 0.29% 0.28% 0.28% 0.27% 0.23%
25.80% 25.78% 25.43% 26.67% 24.67% 17.36% 19.73% 20.72% 19.51% 19.60% 19.63% 19.56%
No. of Shareholders 22,93826,30224,10671,60871,66860,38969,9791,25,38870,88569,89467,69665,503

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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