Handson Global Management (HGM) Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹49 Cr
- ROE
- -13.77%
- Price to sales
- 0.87
- Debt to equity
- 1.15
- 52W high / low
- ₹75.9 / ₹38.3
- Sales growth (5Y)
- 43.84%
- EBITDA margin
- -8.03%
- Net profit margin
- -5.14%
- Promoter holding
- 43.95%
- Sales (last year)
- ₹57 Cr
Incorporated in 1989, Handson Global Management Ltd is in the business of providing Software and IT enabled services[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
IT - Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹1,121 Cr | 40.6 | |
| 2 | 40%+ | Flat | ₹1,531 Cr | 130.9 | |
| 3 | 40%+ | Flat | ₹588 Cr | 18.6 | |
| 4 | 40%+ | Flat | ₹380 Cr | 22.0 | |
| 5 | 40%+ | Flat | ₹71 Cr | 7.0 | |
| 6 | 20–40% | Up 2%+ | ₹22,753 Cr | 45.8 |
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Pro shows every company guiding 40%+ revenue growth →Full IT - Services rankingFinancials of Handson Global
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Handson Global
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 50.41% | 50.41% | 50.41% | 50.41% | 50.41% | 50.41% | 50.41% | 50.41% | 50.41% | 50.41% | 50.41% | 43.95% |
| Public + | 49.59% | 49.58% | 49.59% | 49.59% | 49.58% | 49.58% | 49.58% | 49.58% | 49.59% | 49.59% | 49.59% | 56.05% |
| No. of Shareholders | 9,969 | 9,470 | 9,411 | 10,445 | 10,254 | 10,175 | 10,063 | 9,570 | 9,273 | 9,255 | 9,052 | 8,920 |
Pros & Cons
Handson Global
Key positives and risks surfaced from the company insights section.
- Stock is trading at 4.00 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -6.46%
- Company has a low return on equity of 5.64% over last 3 years.
- Company has high debtors of 170 days.
- Stock is trading at 4.00 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -6.46%
- Company has a low return on equity of 5.64% over last 3 years.
- Company has high debtors of 170 days.
Financials of Handson Global
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 4.29 | 3.99 | 4.27 | 5.57 | 5.58 | 5.80 | 5.51 | 13.61 | 18.95 | 14.25 | 12.67 | 10.80 | 10.37 |
| YoY Sales growth | +43.96% | +32.12% | +36.42% | +56.02% | +30.07% | +45.36% | +29.04% | +144.34% | +239.61% | +145.69% | +129.95% | -20.65% | -45.28% |
| Expenses + | 3.59 | 3.35 | 3.46 | 4.65 | 4.68 | 4.96 | 4.48 | 11.24 | 17.86 | 16.67 | 14.71 | 11.98 | 13.07 |
| Operating Profit | 0.70 | 0.64 | 0.81 | 0.92 | 0.90 | 0.84 | 1.03 | 2.37 | 1.09 | -2.42 | -2.04 | -1.18 | -2.70 |
| OPM % | 16.32% | 16.04% | 18.97% | 16.52% | 16.13% | 14.48% | 18.69% | 17.41% | 5.75% | -16.98% | -16.10% | -10.93% | -26.04% |
| Other Income + | 0.48 | 0.42 | 0.47 | 0.44 | 0.48 | 0.92 | 0.44 | 0.52 | 0.81 | 0.66 | 1.49 | 0.29 | 0.82 |
| Interest | 0.03 | 0.03 | 0.03 | 0.05 | 0.05 | 0.04 | 0.04 | 0.08 | 0.14 | 0.44 | 0.43 | 0.50 | 0.39 |
| Depreciation | 0.16 | 0.16 | 0.16 | 0.25 | 0.25 | 0.25 | 0.25 | 0.41 | 0.60 | 0.80 | 0.81 | 0.80 | 0.39 |
| Profit before tax | 0.99 | 0.87 | 1.09 | 1.06 | 1.08 | 1.47 | 1.18 | 2.40 | 1.16 | -3.00 | -1.79 | -2.19 | -2.66 |
| Tax % | 26.26% | 27.59% | 25.69% | 27.36% | 25.93% | 9.52% | -12.71% | 28.33% | 56.90% | 4.33% | 20.67% | -5.48% | -3.76% |
| Net Profit + | 0.73 | 0.63 | 0.81 | 0.78 | 0.80 | 1.32 | 1.32 | 1.73 | 0.50 | -3.12 | -2.15 | -2.06 | -2.55 |
| EPS in Rs | 0.58 | 0.50 | 0.64 | 0.62 | 0.64 | 1.05 | 1.05 | 1.37 | 0.40 | -2.48 | -1.71 | -1.64 | -2.02 |
Financials of Handson Global
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 16.40 | 15.15 | 15.43 | 13.60 | 10.54 | 10.97 | 9.66 | 10.06 | 12.06 | 16.12 | 22.47 | 59.48 | 48.09 |
| Sales growth | -5.37% | -7.62% | +1.85% | -11.86% | -22.50% | +4.08% | -11.94% | +4.14% | +19.88% | +33.67% | +39.39% | +164.71% | +9.62% |
| Expenses + | 18.21 | 14.86 | 15.36 | 13.39 | 10.28 | 9.45 | 7.31 | 7.68 | 9.66 | 13.43 | 18.78 | 60.47 | 56.43 |
| Operating Profit | -1.81 | 0.29 | 0.07 | 0.21 | 0.26 | 1.52 | 2.35 | 2.38 | 2.40 | 2.69 | 3.69 | -0.99 | -8.34 |
| OPM % | -11.04% | 1.91% | 0.45% | 1.54% | 2.47% | 13.86% | 24.33% | 23.66% | 19.90% | 16.69% | 16.42% | -1.66% | -17.34% |
| Other Income + | 0.57 | 1.12 | 1.01 | 4.18 | 0.96 | 1.24 | 1.72 | 1.35 | 3.90 | 1.76 | 2.27 | 3.48 | 3.26 |
| Interest | 0.41 | 0.61 | 0.62 | 0.25 | 0.00 | 0.72 | 0.12 | 0.09 | 0.16 | 0.13 | 0.17 | 1.09 | 1.76 |
| Depreciation | 1.01 | 0.97 | 0.85 | 1.07 | 0.53 | 0.55 | 0.62 | 0.62 | 0.60 | 0.63 | 1.00 | 2.63 | 2.80 |
| Profit before tax | -2.66 | -0.17 | -0.39 | 3.07 | 0.69 | 1.49 | 3.33 | 3.02 | 5.54 | 3.69 | 4.79 | -1.23 | -9.64 |
| Tax % | -6.77% | 258.82% | 151.28% | 22.80% | 75.36% | 55.03% | 22.52% | 28.81% | 17.51% | 27.37% | 11.90% | 148.78% | |
| Net Profit + | -155.79 | -275.64 | -145.56 | 2.38 | 0.18 | 0.67 | 2.57 | 2.15 | 4.57 | 2.69 | 4.22 | -3.05 | -9.88 |
| EPS in Rs | -124.12 | -219.94 | -116.15 | 1.90 | 0.14 | 0.53 | 2.04 | 1.71 | 3.63 | 2.14 | 3.35 | -2.42 | -7.85 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials of Handson Global
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.51 | 12.53 | 12.53 | 12.54 | 12.59 | 12.59 | 12.59 | 12.60 | 12.60 | 12.60 | 12.60 | 12.60 | 12.60 |
| Reserves | 565.62 | 324.92 | 21.50 | 703.76 | 431.03 | 21.15 | 83.35 | 17.36 | 9.99 | 10.25 | 11.46 | 7.79 | -0.32 |
| Borrowings + | 12.59 | 13.37 | 12.87 | 5.22 | 4.29 | 3.64 | 2.98 | 3.06 | 1.42 | 1.05 | 1.41 | 23.50 | 23.49 |
| Other Liabilities + | 7.43 | 6.91 | 5.55 | 287.86 | 159.89 | 14.28 | 16.74 | 12.25 | 13.66 | 11.79 | 14.06 | 29.03 | 32.11 |
| Total Liabilities | 598.15 | 357.73 | 52.45 | 1,009.38 | 607.80 | 51.66 | 115.66 | 45.27 | 37.67 | 35.69 | 39.53 | 72.92 | 67.88 |
| Fixed Assets + | 3.79 | 3.10 | 11.83 | 10.74 | 10.19 | 10.31 | 9.82 | 10.99 | 10.39 | 9.57 | 9.49 | 34.96 | 34.04 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 572.78 | 332.51 | 20.32 | 987.24 | 586.23 | 26.59 | 91.89 | 18.09 | 7.00 | 4.81 | 2.17 | 0.00 | 0.00 |
| Other Assets + | 21.58 | 22.12 | 20.30 | 11.40 | 11.38 | 14.76 | 13.95 | 16.19 | 20.28 | 21.31 | 27.87 | 37.96 | 33.84 |
| Total Assets | 598.15 | 357.73 | 52.45 | 1,009.38 | 607.80 | 51.66 | 115.66 | 45.27 | 37.67 | 35.69 | 39.53 | 72.92 | 67.88 |
Financials of Handson Global
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -3.64 | -1.25 | 1.25 | 9.89 | 2.68 | -2.61 | 1.67 | -0.11 | 2.19 | -3.42 | -0.64 | -4.48 |
| Cash from Investing Activity + | 1.23 | 1.69 | 0.95 | 0.63 | 0.64 | -10.84 | 0.88 | 1.19 | 2.61 | 3.46 | 1.18 | 0.64 |
| Cash from Financing Activity + | 1.10 | -0.70 | -1.12 | -7.87 | -1.28 | 8.36 | -2.12 | -2.09 | -1.29 | -0.50 | -0.89 | 6.08 |
| Net Cash Flow | -1.31 | -0.27 | 1.09 | 2.66 | 2.04 | -5.09 | 0.43 | -1.01 | 3.51 | -0.46 | -0.36 | 2.24 |
| Free Cash Flow | -3.68 | -1.44 | 1.24 | 9.71 | 2.53 | -2.61 | 1.66 | -0.11 | 1.54 | -3.42 | -0.67 | -5.74 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 189% | -345% | 2,257% | 4,686% | 1,215% | -139% | 97% | 15% | 118% | -103% | 7% | 336% |
Financials of Handson Global
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 95.26 | 126.24 | 102.66 | 115.67 | 97.31 | 193.65 | 187.03 | 188.67 | 184.62 | 187.48 | 249.02 | 170.41 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 95.26 | 126.24 | 102.66 | 115.67 | 97.31 | 193.65 | 187.03 | 188.67 | 184.62 | 187.48 | 249.02 | 170.41 |
| Working Capital Days | -105.49 | -111.31 | -159.67 | 38.92 | -9.35 | -277.16 | -312.48 | -279.01 | -220.94 | -75.63 | 17.87 | -9.20 |
| ROCE % | -0.58% | 0.09% | 0.12% | 0.87% | 0.12% | 0.91% | 5.06% | 4.70% | 19.46% | 15.78% | 20.13% | -0.40% |
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