Hinduja Global Solutions Ltd

Hinduja Global Solutions Ltd

₹ 742 2.25%
11 Dec 3:59 p.m.
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]

  • Market Cap 3,445 Cr.
  • Current Price 742
  • High / Low 1,030 / 593
  • Stock P/E
  • Book Value 1,648
  • Dividend Yield 0.94 %
  • ROCE 2.49 %
  • ROE 1.26 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.45 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.2%
  • Company has been maintaining a healthy dividend payout of 21.1%

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.2,230 Cr.
  • Earnings include an other income of Rs.716 Cr.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,052 1,110 1,149 1,168 1,119 1,070 1,133 1,180 1,204 1,099 1,092 1,087
994 1,074 1,098 1,092 1,037 1,034 1,057 1,082 1,088 1,032 1,075 1,053
Operating Profit 58 36 50 75 82 36 77 98 115 66 17 34
OPM % 6% 3% 4% 6% 7% 3% 7% 8% 10% 6% 2% 3%
172 5,802 172 248 78 98 114 108 91 159 345 120
Interest 40 37 40 35 38 24 39 46 48 51 56 62
Depreciation 82 92 106 118 118 114 124 135 142 133 131 133
Profit before tax 108 5,709 76 170 5 -3 28 25 16 41 174 -41
Tax % -28% -0% 55% -40% -1,040% -1,020% 41% 25% 50% -112% 7% 24%
137 5,733 34 239 52 26 17 18 8 88 162 -51
EPS in Rs 32.00 1,370.42 8.28 56.79 9.68 4.82 3.20 3.81 2.18 19.45 35.59 -9.74
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,983 2,505 2,808 3,321 3,711 3,849 4,470 4,986 2,602 4,273 4,505 4,616 4,481
1,760 2,183 2,495 3,010 3,293 3,440 4,052 4,320 2,520 4,002 4,257 4,255 4,249
Operating Profit 224 322 313 311 418 409 419 667 81 271 248 360 233
OPM % 11% 13% 11% 9% 11% 11% 9% 13% 3% 6% 6% 8% 5%
28 34 25 26 23 21 47 58 353 6,225 581 472 716
Interest 44 39 39 40 43 35 40 94 35 161 141 188 218
Depreciation 77 86 105 136 143 141 178 291 117 345 455 534 540
Profit before tax 131 231 193 160 255 254 247 339 282 5,991 232 110 191
Tax % 31% 27% 15% 37% 30% 22% 29% 39% -19% -1% -44% -19%
91 170 165 100 179 199 176 206 336 6,061 334 131 207
EPS in Rs 21.98 41.15 39.86 24.31 43.27 48.23 42.49 48.43 80.39 1,446.78 63.22 28.63 47.48
Dividend Payout % 45% 24% 25% 31% 12% 10% 12% 21% 25% 15% 24% 24%
Compounded Sales Growth
10 Years: 6%
5 Years: 1%
3 Years: 21%
TTM: 0%
Compounded Profit Growth
10 Years: -5%
5 Years: -11%
3 Years: -39%
TTM: -108%
Stock Price CAGR
10 Years: 9%
5 Years: 19%
3 Years: -22%
1 Year: -24%
Return on Equity
10 Years: 25%
5 Years: 29%
3 Years: 30%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 21 21 21 21 21 21 21 21 21 42 53 47 47
Reserves 1,215 1,431 1,054 1,168 1,317 1,499 1,623 1,699 2,064 8,034 8,494 7,441 7,621
551 634 641 838 662 586 592 605 1,180 1,409 998 2,107 2,172
280 343 358 410 441 515 719 1,720 1,077 2,121 1,743 1,461 1,689
Total Liabilities 2,066 2,430 2,073 2,436 2,440 2,620 2,955 4,045 4,342 11,605 11,288 11,056 11,529
942 1,088 772 936 949 919 1,033 1,733 1,578 2,176 2,812 2,756 2,962
CWIP 4 2 4 14 32 1 5 5 3 9 13 13 9
Investments 8 7 9 10 5 11 15 10 5 2,482 2,753 3,300 3,517
1,113 1,332 1,289 1,476 1,454 1,689 1,902 2,297 2,756 6,938 5,710 4,986 5,041
Total Assets 2,066 2,430 2,073 2,436 2,440 2,620 2,955 4,045 4,342 11,605 11,288 11,056 11,529

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
132 235 191 146 409 343 170 884 692 530 111 192
98 -130 -62 -186 -120 -55 -226 -366 -217 1,871 32 178
-268 -14 -90 -69 -246 -136 -83 -310 -476 -867 -1,108 -808
Net Cash Flow -37 91 40 -109 43 152 -138 208 -1 1,534 -964 -438

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 66 68 53 50 46 78 95 72 173 61 59 59
Inventory Days
Days Payable
Cash Conversion Cycle 66 68 53 50 46 78 95 72 173 61 59 59
Working Capital Days 44 50 45 49 37 28 51 45 156 61 197 167
ROCE % 10% 14% 12% 11% 15% 15% 13% 20% 1% 2% 2% 2%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.13% 67.13% 67.13% 67.13% 66.59% 66.59% 67.72% 67.72% 67.72% 67.72% 67.99% 67.99%
7.00% 6.08% 8.10% 15.44% 13.40% 12.40% 12.51% 12.41% 12.39% 12.49% 12.51% 12.88%
0.43% 0.11% 0.09% 0.07% 0.28% 0.29% 0.28% 0.28% 0.27% 0.23% 0.23% 0.23%
25.43% 26.67% 24.67% 17.36% 19.73% 20.72% 19.51% 19.60% 19.63% 19.56% 19.27% 18.90%
No. of Shareholders 24,10671,60871,66860,38969,9791,25,38870,88569,89467,69665,50363,62565,101

* 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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