Hinduja Global Solutions Q1 FY27 Share Price & Earnings Call Analysis
- 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
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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MarginsQ1 FY27 call
Up 0–2%See what Hinduja Global Solutions Ltd said on margins — free account, 30 seconds.
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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FundraisingQ1 FY27 call
See what Hinduja Global Solutions Ltd said on fundraising — free account, 30 seconds.
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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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
- 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
Commercial Services & Supplies companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹2,470 Cr | 162.7 | |
| 2 | 40%+ | Up 2%+ | ₹41 Cr | 6.6 | |
| 3 | 40%+ | Flat | ₹556 Cr | 40.0 | |
| 4 | 40%+ | Flat | ₹102 Cr | 10.4 | |
| 5 | 20–40% | Up 2%+ | ₹3,473 Cr | 40.9 | |
| 6 | 20–40% | Up 0–2% | ₹872 Cr | 13.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Commercial Services & Supplies rankingFinancials 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 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,119 | 1,070 | 1,133 | 1,180 | 1,204 | 1,099 | 1,092 | 1,087 | 1,064 | 1,161 | 1,056 | 1,091 | 1,075 |
| Expenses + | 1,037 | 1,034 | 1,057 | 1,082 | 1,088 | 1,032 | 1,075 | 1,053 | 1,000 | 1,019 | 1,028 | 1,065 | 1,058 |
| Operating Profit | 82 | 36 | 77 | 98 | 115 | 66 | 17 | 34 | 64 | 142 | 29 | 26 | 17 |
| OPM % | 7% | 3% | 7% | 8% | 10% | 6% | 2% | 3% | 6% | 12% | 3% | 2% | 2% |
| Other Income + | 78 | 98 | 114 | 108 | 91 | 159 | 345 | 120 | 171 | 137 | 189 | 132 | 203 |
| Interest | 38 | 24 | 39 | 46 | 48 | 51 | 56 | 62 | 56 | 55 | 58 | 54 | 47 |
| Depreciation | 118 | 114 | 124 | 135 | 142 | 133 | 131 | 133 | 138 | 121 | 128 | 118 | 123 |
| Profit before tax | 5 | -3 | 28 | 25 | 16 | 41 | 174 | -41 | 41 | 103 | 31 | -14 | 50 |
| Tax % | -1,040% | -1,020% | 41% | 25% | 50% | -112% | 7% | 24% | 121% | 102% | 64% | 92% | 31% |
| Net Profit + | 52 | 26 | 17 | 18 | 8 | 88 | 162 | -51 | -9 | -2 | 11 | -27 | 34 |
| EPS in Rs | 9.68 | 4.82 | 3.20 | 3.81 | 2.18 | 19.45 | 35.59 | -9.74 | -0.57 | 0.82 | 3.75 | -4.20 | 9.15 |
Financials of Hinduja Global Solutions Ltd
Profit & Loss
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,505 | 2,808 | 3,321 | 3,711 | 3,849 | 4,470 | 4,986 | 2,602 | 4,273 | 4,505 | 4,616 | 4,404 | 4,384 |
| Expenses + | 2,183 | 2,495 | 3,010 | 3,293 | 3,440 | 4,052 | 4,320 | 2,520 | 4,002 | 4,257 | 4,255 | 4,141 | 4,170 |
| Operating Profit | 322 | 313 | 311 | 418 | 409 | 419 | 667 | 81 | 271 | 248 | 360 | 263 | 214 |
| OPM % | 13% | 11% | 9% | 11% | 11% | 9% | 13% | 3% | 6% | 6% | 8% | 6% | 5% |
| Other Income + | 34 | 25 | 26 | 23 | 21 | 47 | 58 | 353 | 6,225 | 581 | 472 | 773 | 660 |
| Interest | 39 | 39 | 40 | 43 | 35 | 40 | 94 | 35 | 161 | 141 | 188 | 234 | 213 |
| Depreciation | 86 | 105 | 136 | 143 | 141 | 178 | 291 | 117 | 345 | 455 | 534 | 523 | 491 |
| Profit before tax | 231 | 193 | 160 | 255 | 254 | 247 | 339 | 282 | 5,991 | 232 | 110 | 278 | 170 |
| Tax % | 27% | 15% | 37% | 30% | 22% | 29% | 39% | -19% | -1% | -44% | -19% | 64% | |
| Net Profit + | 170 | 165 | 100 | 179 | 199 | 176 | 206 | 336 | 6,061 | 334 | 131 | 101 | 17 |
| EPS in Rs | 41.15 | 39.86 | 24.31 | 43.27 | 48.23 | 42.49 | 48.43 | 80.39 | 1,446.78 | 63.22 | 28.63 | 26.10 | 9.52 |
| 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 42 | 53 | 47 | 47 | 47 |
| Reserves | 1,431 | 1,054 | 1,168 | 1,317 | 1,499 | 1,623 | 1,699 | 2,064 | 8,034 | 8,494 | 7,441 | 7,662 | 7,918 |
| Borrowings + | 634 | 641 | 838 | 662 | 586 | 592 | 605 | 1,180 | 1,409 | 998 | 2,107 | 1,943 | 1,899 |
| Other Liabilities + | 343 | 358 | 410 | 441 | 515 | 719 | 1,720 | 1,077 | 2,121 | 1,743 | 1,461 | 1,499 | 1,459 |
| Total Liabilities | 2,430 | 2,073 | 2,436 | 2,440 | 2,620 | 2,955 | 4,045 | 4,342 | 11,605 | 11,288 | 11,056 | 11,150 | 11,322 |
| Fixed Assets + | 1,088 | 772 | 936 | 949 | 919 | 1,033 | 1,733 | 1,578 | 2,176 | 2,812 | 2,756 | 2,922 | 2,819 |
| CWIP | 2 | 4 | 14 | 32 | 1 | 5 | 5 | 3 | 9 | 13 | 13 | 9 | 12 |
| Investments | 7 | 9 | 10 | 5 | 11 | 15 | 10 | 5 | 2,482 | 2,753 | 3,300 | 3,643 | 3,791 |
| Other Assets + | 1,332 | 1,289 | 1,476 | 1,454 | 1,689 | 1,902 | 2,297 | 2,756 | 6,938 | 5,710 | 4,986 | 4,576 | 4,700 |
| Total Assets | 2,430 | 2,073 | 2,436 | 2,440 | 2,620 | 2,955 | 4,045 | 4,342 | 11,605 | 11,288 | 11,056 | 11,150 | 11,322 |
Financials of Hinduja Global Solutions Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 235 | 191 | 146 | 409 | 343 | 170 | 884 | 692 | 530 | 111 | 192 | 457 |
| Cash from Investing Activity + | -130 | -62 | -186 | -120 | -55 | -226 | -366 | -217 | 1,871 | 32 | 178 | 518 |
| Cash from Financing Activity + | -14 | -90 | -69 | -246 | -136 | -83 | -310 | -476 | -867 | -1,108 | -808 | -898 |
| Net Cash Flow | 91 | 40 | -109 | 43 | 152 | -138 | 208 | -1 | 1,534 | -964 | -438 | 77 |
| Free Cash Flow | 82 | 29 | -106 | 229 | 222 | -16 | 771 | 539 | 99 | 173 | 263 | 238 |
| CFO/OP | 91% | 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 68 | 53 | 50 | 46 | 78 | 95 | 72 | 173 | 61 | 59 | 59 | 63 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 68 | 53 | 50 | 46 | 78 | 95 | 72 | 173 | 61 | 59 | 59 | 63 |
| Working Capital Days | 35 | 42 | 24 | 13 | 5 | 38 | 31 | 111 | -11 | 158 | 48 | 72 |
| 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
| Call | Revenue | Margins | Capex | Fundraising | Order 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.
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.
| Period | Share price change | Better 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.
Continue your research
What Hinduja Global Solutions Ltd's management said in earlier quarters
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