Hinduja Global Solutions Ltd

₹ 1,089 -0.04%
28 Jun - close price
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

Services Offered
The company offers various Business Process Management (BPM) services to clients under 3 main areas[1] i.e. Healthcare,[2] digital[3] and CX (customer experience).[4]

  • Market Cap 4,550 Cr.
  • Current Price 1,089
  • High / Low 1,974 / 846
  • Stock P/E 0.74
  • Book Value 1,868
  • Dividend Yield 10.2 %
  • ROCE 118 %
  • ROE 124 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.58 times its book value
  • Stock is providing a good dividend yield of 10.24%.
  • Company has delivered good profit growth of 102.53% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 78.28%
  • Company has been maintaining a healthy dividend payout of 20.77%

Cons

  • The company has delivered a poor sales growth of -2.54% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.6172.96 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
1,218 1,218 1,265 1,286 1,236 1,333 658 762 1,551 796 803 865
1,073 1,062 1,071 1,108 1,090 1,145 644 745 1,318 753 783 860
Operating Profit 145 156 194 178 146 187 14 17 232 43 20 5
OPM % 12% 13% 15% 14% 12% 14% 2% 2% 15% 5% 2% 1%
7 26 5 20 31 0 96 144 27 127 161 5,771
Interest 25 23 24 25 24 22 8 8 19 6 7 9
Depreciation 72 69 71 84 77 75 32 29 76 31 26 33
Profit before tax 56 90 103 89 75 90 70 123 164 133 148 5,734
Tax % 28% 45% 31% 50% 35% 10% -8% -6% 29% -2% -11% 1%
Net Profit 40 48 71 43 48 81 75 130 117 136 164 5,686
EPS in Rs 9.48 11.46 17.11 10.38 11.50 19.54 18.08 31.25 28.00 32.66 39.18 1,360.51

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1,073 1,554 1,983 2,505 2,808 3,321 3,711 3,849 4,470 4,986 5,589 3,264
917 1,370 1,760 2,183 2,495 3,010 3,293 3,440 4,052 4,320 4,806 3,150
Operating Profit 156 184 224 322 313 311 418 409 419 667 783 113
OPM % 14% 12% 11% 13% 11% 9% 11% 11% 9% 13% 14% 3%
29 29 28 34 25 26 23 21 47 58 57 6,173
Interest 9 29 44 39 39 40 43 35 40 94 88 28
Depreciation 45 61 77 86 105 136 143 141 178 291 308 121
Profit before tax 130 122 131 231 193 160 255 254 247 339 444 6,138
Tax % 18% 13% 31% 27% 15% 37% 30% 22% 29% 39% 24% 1%
Net Profit 107 106 91 170 165 101 180 201 177 202 336 6,104
EPS in Rs 26.05 25.75 21.98 41.15 39.86 24.31 43.27 48.23 42.49 48.43 80.59 1,460.35
Dividend Payout % 38% 39% 45% 24% 25% 31% 12% 10% 12% 21% 25% 17%
Compounded Sales Growth
10 Years: 8%
5 Years: -3%
3 Years: -10%
TTM: -42%
Compounded Profit Growth
10 Years: 50%
5 Years: 103%
3 Years: 226%
TTM: 1629%
Stock Price CAGR
10 Years: 20%
5 Years: 33%
3 Years: 50%
1 Year: -6%
Return on Equity
10 Years: 44%
5 Years: 61%
3 Years: 78%
Last Year: 124%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
21 21 21 21 21 21 21 21 21 21 21 42
Reserves 978 1,128 1,215 1,431 1,054 1,168 1,316 1,499 1,623 1,699 2,064 7,767
151 733 551 634 641 838 662 586 592 605 394 308
211 261 280 343 358 410 442 515 719 1,720 1,863 1,600
Total Liabilities 1,360 2,142 2,066 2,430 2,073 2,436 2,440 2,620 2,955 4,045 4,342 9,717
376 888 942 1,088 772 936 949 919 1,033 1,733 1,578 996
CWIP 0 0 4 2 4 14 32 1 5 5 3 3
Investments 5 6 8 7 9 10 5 11 15 10 5 2,470
979 1,247 1,113 1,332 1,289 1,476 1,454 1,689 1,902 2,297 2,756 6,248
Total Assets 1,360 2,142 2,066 2,430 2,073 2,436 2,440 2,620 2,955 4,045 4,342 9,717

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
95 148 132 235 191 146 409 343 170 884 692 590
-94 -619 98 -130 -62 -186 -120 -55 -226 -366 -217 2,012
-21 495 -268 -14 -90 -69 -246 -136 -83 -310 -476 -1,033
Net Cash Flow -20 23 -37 91 40 -109 43 152 -138 208 -1 1,568

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 61 64 66 68 53 50 46 78 95 72 80 69
Inventory Days
Days Payable
Cash Conversion Cycle 61 64 66 68 53 50 46 78 95 72 80 69
Working Capital Days 32 24 44 50 45 49 37 28 51 45 58 102
ROCE % 13% 10% 10% 14% 12% 11% 15% 15% 13% 20% 23% 118%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
67.31 67.31 67.24 67.24 67.24 67.21 67.20 67.20 67.19 67.19 67.13 67.13
10.94 11.39 11.61 11.53 11.48 11.25 10.96 11.16 6.93 6.82 7.00 6.08
0.29 0.29 0.04 0.01 0.02 0.00 0.00 0.00 0.08 0.21 0.43 0.11
21.47 21.02 21.12 21.22 21.26 21.54 21.84 21.64 25.80 25.78 25.43 26.67

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