Hinduja Global Solutions Q1 FY27 Share Price & Earnings Call Analysis

₹333.70-3.06% today
Market cap
₹1,550 Cr
ROE
0.39%
Price to sales
0.37
Debt to equity
0.24
52W high / low
₹521 / ₹334
Sales growth (5Y)
10.61%
EBITDA margin
0.83%
Net profit margin
0.10%
Promoter holding
67.99%
Sales (last year)
₹4,301 Cr

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]

Guidance scorecard · Q1 FY27 call

What Hinduja Global Solutions Ltd's management guided
and where it ranks in Commercial Services & Supplies

#27of 38 in
Commercial Services & Supplies

RevenueQ1 FY27 call

10–20%
  • Largest acceleration in growth expected from AI and digital space, especially intelligent experiences with existing clients adopting AI technologies.
  • New logo additions remain strong, with 19 new CX Digital logos added in Q1; typical revenue ramp-up seen 6-8 months post onboarding.
  • Growth in existing clients continues, although some deliberate ramp-downs are ending by FY27, with new contracts having a smaller initial size but higher margin potential.
  • Multiple AI-embedded client engagements are moving from pilots to production, though customer readiness on data and governance varies.

2 more points from Hinduja Global Solutions Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Hinduja Global Solutions Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • The company is investing ahead of the curve in sales, solutioning, domain talent, and AI capability build, including Agent X® and the 90-day proof of value model.
  • Investments are being made in Agentic AI, contact center modernization, and platform services, moving from the build phase to commercialization.
  • Growth initiatives like “Project Ganga” are primarily funded through internal accruals, indicating strategic capital allocation.

2 more points from Hinduja Global Solutions Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Hinduja Global Solutions Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • The company has a strong pipeline in Agentic AI, contact center modernization, and platform services.
  • Multiple AI-embedded client engagements are progressing beyond pilots into operational phases.
  • The addition of 19 new logos in CX and digital services and 8 in HRO and payroll reflects ongoing client confidence.
  • Larger, integrated deals with AI components are increasingly common, expected to scale revenue and margins.
  • Existing clients driving growth by adopting AI and digital technology is a key expected growth driver for FY27.

2 more points from Hinduja Global Solutions Ltd's call on the order book

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Full Q1 FY27 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Commercial Services & Supplies
on management's own guidance

  1. Strong growth
    2
  2. 1
  3. Strong growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Commercial Services & Supplies companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,470 Cr162.7
240%+Up 2%+₹41 Cr6.6
340%+Flat₹556 Cr40.0
440%+Flat₹102 Cr10.4
520–40%Up 2%+₹3,473 Cr40.9
620–40%Up 0–2%₹872 Cr13.3

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Financials of Hinduja Global Solutions Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Hinduja Global Solutions Ltd

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +1,1191,0701,1331,1801,2041,0991,0921,0871,0641,1611,0561,0911,075
Expenses +1,0371,0341,0571,0821,0881,0321,0751,0531,0001,0191,0281,0651,058
Operating Profit8236779811566173464142292617
OPM %7%3%7%8%10%6%2%3%6%12%3%2%2%
Other Income +789811410891159345120171137189132203
Interest38243946485156625655585447
Depreciation118114124135142133131133138121128118123
Profit before tax5-328251641174-414110331-1450
Tax %-1,040%-1,020%41%25%50%-112%7%24%121%102%64%92%31%
Net Profit +52261718888162-51-9-211-2734
EPS in Rs9.684.823.203.812.1819.4535.59-9.74-0.570.823.75-4.209.15

Financials of Hinduja Global Solutions Ltd

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +2,5052,8083,3213,7113,8494,4704,9862,6024,2734,5054,6164,4044,384
Expenses +2,1832,4953,0103,2933,4404,0524,3202,5204,0024,2574,2554,1414,170
Operating Profit32231331141840941966781271248360263214
OPM %13%11%9%11%11%9%13%3%6%6%8%6%5%
Other Income +342526232147583536,225581472773660
Interest3939404335409435161141188234213
Depreciation86105136143141178291117345455534523491
Profit before tax2311931602552542473392825,991232110278170
Tax %27%15%37%30%22%29%39%-19%-1%-44%-19%64%
Net Profit +1701651001791991762063366,06133413110117
EPS in Rs41.1539.8624.3143.2748.2342.4948.4380.391,446.7863.2228.6326.109.52
Dividend Payout %24%25%31%12%10%12%21%25%15%24%24%0%

Financials of Hinduja Global Solutions Ltd

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital21212121212121214253474747
Reserves1,4311,0541,1681,3171,4991,6231,6992,0648,0348,4947,4417,6627,918
Borrowings +6346418386625865926051,1801,4099982,1071,9431,899
Other Liabilities +3433584104415157191,7201,0772,1211,7431,4611,4991,459
Total Liabilities2,4302,0732,4362,4402,6202,9554,0454,34211,60511,28811,05611,15011,322
Fixed Assets +1,0887729369499191,0331,7331,5782,1762,8122,7562,9222,819
CWIP241432155391313912
Investments7910511151052,4822,7533,3003,6433,791
Other Assets +1,3321,2891,4761,4541,6891,9022,2972,7566,9385,7104,9864,5764,700
Total Assets2,4302,0732,4362,4402,6202,9554,0454,34211,60511,28811,05611,15011,322

Financials of Hinduja Global Solutions Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +235191146409343170884692530111192457
Cash from Investing Activity +-130-62-186-120-55-226-366-2171,87132178518
Cash from Financing Activity +-14-90-69-246-136-83-310-476-867-1,108-808-898
Net Cash Flow9140-10943152-138208-11,534-964-43877
Free Cash Flow8229-106229222-1677153999173263238
CFO/OP91%87%65%116%93%59%153%1,011%433%120%71%160%

Financials of Hinduja Global Solutions Ltd

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days6853504678957217361595963
Inventory Days
Days Payable
Cash Conversion Cycle6853504678957217361595963
Working Capital Days3542241353831111-111584872
ROCE %14%12%11%15%15%13%20%1%2%2%2%3%

Guidance history

How Hinduja Global Solutions Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Up 0–2%Planned——
Q3 FY26 call →0–10%Up 0–2%Planned—Rising
Q2 FY26 call →0–10%Up 2%+Planned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

10out of 100

Momentum score · price trend

10 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−36.0%17%
Last 6 months−18.5%24%
Last 3 months−21.1%19%

The price is 79.9% below its all-time high of ₹1,661.05 (24 Dec 2021). Stocks more than 20% below their peak have their score halved, so 20 became 10.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Hinduja Global Solutions Ltd: 0.4 × 17 + 0.4 × 24 + 0.2 × 19 = 20, halved to 10 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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