IP
IndiaPulse

Hinduja Global Solutions Limited (HGS)

Small Cap

IT stocks · Small cap · NSE

Hinduja Global Solutions Limited operates in BPO, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹399.25
+6.25 · +1.59%
Quote04 Sept, 03:54 pm IST
Fundamentals05 Sept 2026 · screener
Score05 Sept, 10:20 pm IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · IT P/E 22.6 (n=200)
Data confidence
Fresh enough for analysis
Investor decision lenses

One read, four checks

75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.

Weak fundamentals, management trust is acceptable, price trend argues for patience, and recent execution is weak.

Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
OVERVALUED
30

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Trust
Mixed Trust
60

low confidence · 0/0 claims checked

Technical
Bearish
36

Timing lens: price trend and sector relative strength.

Result consistency
weak
17

Rolling lens: recent quarterly delivery, not the latest single-result score.

Latest result

Quarter ended 30 Jun 2026

Bad · 0/100

Rev -1% YoY · PAT -700% YoY · margin compression

Filed 30 Jun 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹1,050 Cr-0.6%-3.2%
EBITDA₹-34 Cr-217.2%-225.9%
Operating margin-3.3%-600 bps-580 bps
PAT₹-66 Cr-700.0%NDF
PAT margin-6.3%-733 bps-500 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Business & thesis

Growth engines, tailwinds/headwinds, and risk radar from management commentary

Business and thesis

Issuer presentation review pending

Hinduja Global Solutions Limited operates in BPO, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Management accountability

What management said, and what results must prove

Technical timing lens

Trend score and candlestick chart

36Bearish

full bear SMA stack · SMA20 -5.8% / mo · MACD −

Stock trend: 21
Sector RS: 57
Sector 3M: +0.1% vs Nifty -1.5%

Technical chart

HGSdaily · 1Y · AUTO+11.5%
Latest close ₹399.25 on 2026-09-04
Bar
+1.6%
RSI
41
MACD hist
-0.46
52W pos
28%
2026-09-04O ₹393.00H ₹409.00L ₹391.05C ₹399.25Vol 9,933 sh
₹335.27₹372.55₹409.83₹447.10₹484.3852L399.252026-032026-06VolRSIMACD2026-032026-042026-062026-072026-09
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal

Daily technical trend read

Bearish setup

Trend is weak — long-term trend down. RSI 41.

  • Price < SMA20 < SMA50 < SMA200 — full bearish stack.
  • SMA20 falling (~6.1% over last month) — short-term momentum negative.
  • RSI(14) at 41 — sideways, no extreme reading.
  • MACD below signal but histogram contracting — bearish momentum easing.
  • 27% off 52W high · 17% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Valuation & score drivers

U-Score 30 · OVERVALUED · pillar breakdown, sector model, fair-value anchor

30U-SCORE
OVERVALUED

Fundamental score breakdown

OVERVALUED
Valuation7/30
Growth3/25
Quality0/20
Balance Sheet9/15
Cash Flow8/10
Piotroski
5/9 (+3)
Penalties
0
Raw sum
30

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

30/100 · OVERVALUED

Positive drivers

  • FCF yield is supportive at 17.7%.
  • Cash flow contributes 8/10 to the score.
  • Balance sheet contributes 9/15 to the score.

Main drags

  • Quality is weaker at 0/20; verify the latest quarterly trend.
  • Growth is weaker at 3/25; verify the latest quarterly trend.
  • Valuation is weaker at 7/30; verify the latest quarterly trend.
Sector valuation model

Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks

For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.

Blended relative
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
PB
0.2
EV/EBITDA
7.4
ROE
0.4%
ROCE
1.5%
FCF Yield
17.7%
Debt/Equity
0.3
MoS
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 05 Sept 2026
v4.3-runtime-valuation
Final score
30
Previous: 30
Verdict
OVERVALUED
Previous: OVERVALUED
Margin of safety
No stored baseline yet

Score history

12 stored score snapshots. Latest stored move: +2 points.

05 Sept 2026
v4.3-runtime-valuation
28
29
28
28
28
28
28
27
27
28
28
30

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
Growth-justified P/E
1.1
Growth-justified Value
— MoS
PEG

Trust score

Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth

Trust Score
60Mixed Trust · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Mixed Trust: Claim history is still being built. It ranks around the 28th percentile of the scored universe and 26th percentile within IT. Main check: results consistency is weak at 17/100.

Healthy Trust Lite: Promoter holding is 68%. Key concern: 4 latest quarters had PAT decline worse than 25% YoY.

Computed 05 Sept 2026
management-trust-v1
142 docs text-extracted · 41 concalls text-extracted
Score band
Mixed Trust

Usable, but needs evidence. Treat guidance with a margin of safety.

Relative rank
28th percentile

overall median 67 · IT: 26th pctile, median 69 · Small: 32nd pctile, median 66

Evidence depth
Financial-only

142 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Mixed Trust · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
86
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
59
watch · leverage and solvency
Discipline
32
weak · capital discipline
Results
17
weak · quarterly consistency

Trust positives

  • Promoter holding is 68%.
  • Promoter pledge is zero.
  • FCF yield is 17.7%.
  • 10 years of positive FCF.

Trust risks

  • 4 latest quarters had PAT decline worse than 25% YoY.
  • Interest coverage is 0.2x.
  • ROCE is low at 1.5%.
  • ROE is low at 0.4%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Financials

Full fundamentals table and 10-year revenue / profit / ROE history

Fundamentals

Valuation

P/E
P/B
0.22
EV/EBITDA
7.40
Market Cap
1857.00Cr

Profitability

ROE
0.39%
ROCE
1.46%
ROA
-0.62%
Dividend Y
1.25%

Growth (CAGR)

Revenue 5Y
11.00%
EPS 5Y
-41.00%
Revenue 3Y
-1.00%
EPS 3Y
-50.00%

Balance Sheet

Debt/Equity
0.25
Interest Coverage
0.19×
Altman Z
2.00
Book Value
1788.00

Cash Flow

FCF Yield
17.72%
FCF Positive Y
10/5
OCF
413.00 Cr
EPS TTM
-9.34

Shareholding

Promoter Hold
67.99%
Promoter Pledge
0.00%
Momentum 52W
27%

Financial History

Updated 5/9/2026

Revenue

₹ Cr
No data

Net Profit

₹ Cr
No data

Return on Equity

%
No data

Peers

Business-comparable names in IT, ranked by similarity

Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.