Buy Or Sell Opportunity • Jun 11
Now 23% undervalued Over the last 90 days, the stock has risen 16% to ₹427. The fair value is estimated to be ₹556, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Jun 05
Hinduja Global Solutions Limited Recommends Final Dividend for the Fiscal Year 2025-26 Hinduja Global Solutions Limited informed that the Board of Directors at its Meeting held on June 4, 2026 (meeting commenced at 5.30 p.m. IST and concluded at 5.45 pm) recommended a final dividend of INR 5 per equity share (50 %) (on an equity share of par value of INR 10/- each) for Fiscal Year 2025-26, subject to the approval of the Shareholders of the Company at the upcoming Annual General Meeting (AGM). The dividend, if approved by the Shareholders, will be paid (subject to deduction of tax at source) within 30 days of approval at the AGM. The book closure/record date will be intimated, separately. Announcement • May 21
Hinduja Global Solutions Limited to Report Q4, 2026 Results on May 29, 2026 Hinduja Global Solutions Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 29, 2026 Announcement • Apr 02
Hinduja Global Solutions Limited Appoints Hemlata Sharma as Executive Vice-President and Chief Business Officer At the Digital Media Division of Hinduja Global Solutions Hinduja Global Solutions Limited announced that Hemlata Sharma has been appointed executive vice-president and chief business officer at the digital media division of Hinduja Global Solutions, taking charge of its satellite, cable and retail broadband businesses as competition intensifies across India's connectivity market. Sharma will steer growth, distribution strategy and retail partnerships for the NXTDIGITAL DTV platform and the ONE Broadband brand, with full profit-and-loss responsibility. The mandate is clear: expand reach, sharpen execution and deepen the company's hold across India's evolving DTH, IPTV, OTT and broadband ecosystem.With more than 25 years across media, broadcasting and telecoms, Sharma arrives with deep operating experience. She was previously at Zee Media Corporation Ltd., where she served as head of distribution, research and CRM, managing nationwide distribution and consumer insights for a large portfolio of news channels. Her earlier roles include senior positions at Ten Sports Network and Bharti Airtel, spanning marketing and operations across key regional markets. Reported Earnings • Feb 11
Third quarter 2026 earnings released: ₹10.30 loss per share (vs ₹0.57 loss in 3Q 2025) Third quarter 2026 results: ₹10.30 loss per share (further deteriorated from ₹0.57 loss in 3Q 2025). Revenue: ₹10.8b (up 1.1% from 3Q 2025). Net loss: ₹479.5m (loss widened ₹453.1m from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Jan 30
Hinduja Global Solutions Limited to Report Q3, 2026 Results on Feb 10, 2026 Hinduja Global Solutions Limited announced that they will report Q3, 2026 results on Feb 10, 2026 Announcement • Jan 12
HGS Introduces AML Investigations with Explainable AI HGS announced the launch of AMLens, a next-generation, AI-powered solution designed to transform and accelerate Anti-Money Laundering (AML) operations for financial institutions to deliver realized AI. AMLens integrates machine learning and Natural Language Processing (NLP) to reduce case analysis time and false positives, enabling banks to meet stringent regulatory standards while boosting investigator productivity. By treating AI as an ever-evolving practice rather than a static system, AMLens directly addresses the pervasive industry issues of manual case resolution, alert fatigue, and regulatory alignment gaps. The solution supports AML teams across detection, triage, contextualization, and summarization by providing a modular, explainable AI ecosystem. It automates the collection and consolidation of fragmented data - from structured transaction logs to unstructured notes and external sources, like Google, LexisNexis, and other public records - into a single, analyst-friendly format. AMLens is built on a modular, API-first design for integration with existing client systems and is available to target market segments including Retail & Consumer Banking, Payments & Fintech, Credit Card & Lending, and Wealth Management. The AMLens solution has demonstrated significant performance improvements, validated in early client deployments, providing outcome-based results for financial crime fighters. Specifically, it has resulted in a 75% reduction in case analysis time, reducing the time from approximately two hours to around 30 minutes. The false positive rate decreased by more than 60%, dropping from about 18% to 7%. This improved accuracy contributes to a 3x increase in investigator productivity, escalating.PRESS RELEASE. from eight cases per day to 24 cases per day. Overall turnaround time is 75% faster, moving from 48 hours to 12 hours. A key feature of AML is its ability to seamlessly combine AI-powered narrative generation with crucial human oversight. For example, when a third-party detection system flags an account for rapid international wire transfers, the AMLens three-tiered pipeline kicks in: Early detection & risk categorization: AMLens ingests the alert and applies its ability to be in a more accurate process. Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Non-Executive Non-Independent Director Amit Saharia was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 31
Hinduja Global Solutions Limited to Report Q2, 2026 Results on Nov 10, 2025 Hinduja Global Solutions Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Announcement • Sep 26
Hinduja Global Solutions Limited Appoints Amit Saharia as Non-Executive Non-Independent Director, Effective September 25, 2025 Hinduja Global Solutions Limited at its Annual General Meeting held on September 25, 2025, approved appointment of Mr. Amit Saharia as a Non-Executive Non-Independent Director. Announcement • Sep 25
Hinduja Global Solutions Limited Announces Retirement of Paul Abraham as Director Hinduja Global Solutions Limited in the 30th annual general meeting held on September 25, 2025, the company announced the retirement of Mr. Paul Abraham as director. Announcement • Aug 07
Hinduja Global Solutions Limited, Annual General Meeting, Sep 25, 2025 Hinduja Global Solutions Limited, Annual General Meeting, Sep 25, 2025. Reported Earnings • Aug 07
First quarter 2026 earnings released: ₹8.62 loss per share (vs ₹11.11 loss in 1Q 2025) First quarter 2026 results: ₹8.62 loss per share (improved from ₹11.11 loss in 1Q 2025). Revenue: ₹10.6b (down 3.3% from 1Q 2025). Net loss: ₹400.6m (loss narrowed 24% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • Aug 07
Hinduja Global Solutions Limited Announces Executive Changes Board of Directors of Hinduja Global Solutions Limited at its meeting held on August 6, 2025 also considered and approved/took note of the following: Mr. Paul Abraham (DIN: 01627449), Non-Executive Non-Independent Director, is liable to retire by rotation at the ensuing 30th Annual General Meeting (AGM) of the Company. Mr. Paul Abraham informed that due to other commitments, he did not offer himself for re-appointment as Director of the Company. Hence, his tenure as Director of the Company is upto the date of ensuing AGM scheduled on September 25, 2025. The Board of Directors of the Company have taken note of the following: Mr. Pushkar Misra, President - APAC and Senior Management Personnel, retired from the services of the Company after more than 25 years' of dedicated service. Mr. Giridhar G V, Global Chief Human Resource Officer will take role of Head - APAC. Further, Mr. Pushkar Misra will continue to be associated with the Company for an additional three months' period to ensure a seamless transition and handover. Mr. N K Rouse, COO - Media Business, resigned from the services of the Company due to family commitments, hence, ceased to be Senior Management Personnel of the Company. Announcement • Jul 28
Hinduja Global Solutions Limited to Report Q1, 2026 Results on Aug 06, 2025 Hinduja Global Solutions Limited announced that they will report Q1, 2026 results on Aug 06, 2025 Announcement • Jun 12
Hinduja Global Solutions Limited Announces CEO Changes Hinduja Global Solutions (HGS) has announced the appointment of Mr. Venkatesh Korla as the new Global CEO of HGS. The HGS Board approved the elevation of Venkatesh, formerly President & CEO of HGS Americas, to the role of Global CEO, effective May 28, 2025. He succeeds Mr. Partha DeSarkar, who has been at the helm of the company since 2006 and is expected to retire in September 2025. Venkatesh is an accomplished business leader with 25+ years of experience in core digital services and tech-enabled customer experience (CX). He has an impressive track record of growing high-performance teams globally and fostering lasting client relationships. In his earlier stints, he has been part of organizations providing expert consultation on digital strategies and solutions to Global 1000 companies, healthcare institutions, universities, and not-for-profit organizations. He also founded Element Solutions, later acquired by HGS and now forms the foundation of HGS' tech services business, that delivers strategic consulting, data analytics, marketing technology, intelligent automation, and cloud solutions to clients across the private and public sectors. Reported Earnings • May 29
Full year 2025 earnings released: ₹20.88 loss per share (vs ₹27.94 profit in FY 2024) Full year 2025 results: ₹20.88 loss per share (down from ₹27.94 profit in FY 2024). Revenue: ₹49.6b (up 7.4% from FY 2024). Net loss: ₹971.2m (down 173% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • May 16
Hinduja Global Solutions Limited to Report Q4, 2025 Results on May 28, 2025 Hinduja Global Solutions Limited announced that they will report Q4, 2025 results on May 28, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ₹12.3b (up 2.6% from 3Q 2024). Net loss: ₹26.4m (down 126% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Jan 07
Hinduja Global Solutions Limited Appoints Anshuman Singh as the Chief Executive Officer for Its UK Operations Hinduja Global Solutions Limited announced the appointment of Anshuman Singh as the Chief Executive Officer for its UK operations. Based in London, Anshuman will spearhead its growth and innovation initiatives in the UK & Europe region, aligning with its vision to be the leading digital transformation partner to clients. He will also be a key member of HGS' Global Executive Team and help shape global corporate strategy. Anshuman is an experienced professional with over 25 years of international and multi-disciplinary expertise across various industries. He has a proven track record of driving digital transformation initiatives for clients through business process optimization, technology capability development, and strategic outsourcing. Anshuman was most recently with LTI Mindtree in London, where he held several strategic leadership roles across his two-decade-long tenure, including leading its Interactive and Consulting businesses. Reported Earnings • Nov 16
Second quarter 2025 earnings released: ₹8.87 loss per share (vs ₹3.93 profit in 2Q 2024) Second quarter 2025 results: ₹8.87 loss per share (down from ₹3.93 profit in 2Q 2024). Revenue: ₹12.1b (up 2.3% from 2Q 2024). Net loss: ₹453.0m (down 356% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Nov 07
Hinduja Global Solutions Limited to Report Q2, 2025 Results on Nov 14, 2024 Hinduja Global Solutions Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Sep 04
Hinduja Global Solutions Limited Proposes of A Final Dividend for the Financial Year Ended March 31, 2024 Hinduja Global Solutions Limited at its AGM, held on September 27, 2024, proposed the declare a final dividend of INR 7 per equity share (on an equity share of par value of INR 10/- each) for the financial year ended March 31, 2024. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹895, the stock trades at a trailing P/E ratio of 63.7x. Average trailing P/E is 40x in the IT industry in India. Total loss to shareholders of 31% over the past three years. Declared Dividend • Aug 16
Dividend of ₹7.00 announced Shareholders will receive a dividend of ₹7.00. Ex-date: 19th September 2024 Payment date: 27th October 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but not covered by cash flows (419% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 72% to shift the payout ratio to a potentially unsustainable range, which is more than the 20% EPS decline seen over the last 5 years. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹34.72 (vs ₹3.25 in 1Q 2024) First quarter 2025 results: EPS: ₹34.72. Revenue: ₹12.2b (up 7.5% from 1Q 2024). Net loss: ₹529.8m (down 456% from profit in 1Q 2024). Announcement • Aug 14
Hinduja Global Solutions Limited, Annual General Meeting, Sep 27, 2024 Hinduja Global Solutions Limited, Annual General Meeting, Sep 27, 2024. Announcement • Aug 06
Hinduja Global Solutions Limited to Report Q1, 2025 Results on Aug 14, 2024 Hinduja Global Solutions Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Announcement • Jul 24
Hinduja Global Solutions Limited's Division NXTDIGITAL Appoints Jaydeep Sampat as CTO NXTDIGITAL, a digital media division of technology-led customer experience company Hinduja Global Solutions Ltd. (HGS), with a presence in digital television via cable and satellite, broadband, enterprise services, OTT aggregation and content syndication has appointed Jaydeep Sampat as its chief technology officer. Jaydeep, a communications industry veteran with over three decades of experience across various industries will lead the technology functions at NXTDIGITAL Media Group - across broadband, digital television & enterprise solutions. In his previous and over a decade long role as chief technology officer at Tikona Infinet Pvt Ltd, he led the establishment of multi-site operations from the ground up, managed PAN India IT infrastructure, and directed cross-functional teams to deliver tailored solutions for retail & enterprise customers. Prior to Tikona, he was a key member of the core technology teams at leading tech companies like Sify, Hughes Tele.com & Rolta. At NXTDIGITAL, Jaydeep will play a key role in leveraging new technologies to launch new products and optimise existing solutions. He will also work with the group's large pan-India broadband & television franchisee base to develop and deliver products in keeping with market demands. New Risk • Jun 09
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 419% Dividend yield: 0.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (419% cash payout ratio). Profit margins are more than 30% lower than last year (2.9% net profit margin). Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹27.52 (vs ₹54.42 in FY 2023) Full year 2024 results: EPS: ₹27.52 (down from ₹54.42 in FY 2023). Revenue: ₹50.9b (up 13% from FY 2023). Net income: ₹1.33b (down 53% from FY 2023). Profit margin: 2.6% (down from 6.3% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year. Announcement • May 23
Hinduja Global Solutions Limited to Report Q4, 2024 Results on May 30, 2024 Hinduja Global Solutions Limited announced that they will report Q4, 2024 results on May 30, 2024 Announcement • May 15
HGS Launches Comprehensive Suite of Cybersecurity Solutions Hinduja Global Solutions announced the launch of a comprehensive suite of Cybersecurity solutions for the market. The suite comprises of seven essential Cybersecurity solution offerings designed to provide enterprises with protection against evolving cyber threats. A key feature of HGS CyberSecurity solutions is that they leverage advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) systems security, an important factor given that most businesses and Cybersecurity bad actors have begun to use AI and ML extensively. HGS CyberSecurity solutions ensure an elevated standard of risk management, actively identifying and mitigating potential risks to ensure the seamless continuity of AI-led operations. Additionally, it guarantees optimized performance, cost-efficiency, and compliance assurance to uphold adherence to industry regulations and data protection standards. This commitment fosters client trust and confers a strategic advantage, enabling businesses to stay at the forefront of the AI landscape through the implementation of adaptive security strategies. The newly-launched suite of HGS CyberSecurity solutions comprise the following offerings: Secure AI: A set of services crafted to fortify an enterprise’s AI-led ecosystem against evolving cyber threats, including AI preparedness assessment, AI red-teaming and AI security tech deployment. Security Testing: The exhaustive services – including Pen Testing, Offensive security simulation, IOT & critical infrastructure security, and incident response testing – help proactively identify vulnerabilities and reduce the risk of security breaches, thus enhancing the overall preparedness of systems. Cloud Security: Theofferings – such as Cloud security posture management (CSPM), Cloud native application protection platform (CNAPP), Cloud security monitoring and Cloud security advisory & governance – help mitigate and safeguard enterprise cloud infrastructure and applications, thus enabling a more resilient Cloud strategy. Digital Forensics: Services such as Cybercrime investigations, Data breach analysis, Legal evidence gathering, Intellectual property theft investigations, Fraud investigations and Insider threat analysis enable enterprises to investigate security incidents, identify gaps, and uncover impending threats to strengthen their defenses and prevent future events. MSSP (Soc-as-a-service): The extension to the enterprise’s internal security team with – Managed detection & response (aiMDR) and Extended detection & response (aiXDR) competencies along with advanced analytics, AI and ML – can help improve threat detection and response capabilities. SecOps Automation: Tailored and optimized services – including Security operations workflow optimization, Automation assessment and Automation Center of Excellence – empower an organization’s security operations with future-ready automation that elevates efficiency. vCISO & Staffing: The rapid, on-demand consultant services can bolster an organization’s risk management and business resilience, irrespective of industry and scale, with proactive and tailored security strategies. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹1.82 (vs ₹9.87 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.82 (down from ₹9.87 in 3Q 2023). Revenue: ₹12.9b (up 16% from 3Q 2023). Net income: ₹101.3m (down 80% from 3Q 2023). Profit margin: 0.8% (down from 4.6% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Feb 06
Hinduja Global Solutions Limited to Report Q3, 2024 Results on Feb 14, 2024 Hinduja Global Solutions Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Recent Insider Transactions • Jan 02
Group CEO & Whole-time Director recently sold ₹5.9m worth of stock On the 28th of December, Partha DeSarkar sold around 6k shares on-market at roughly ₹986 per share. This transaction amounted to 91% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Partha has been a net seller over the last 12 months, reducing personal holdings by ₹90m. Announcement • Dec 20
HGS Next-Gen Accelerator for Contact Centers Harnessing the Power of Generative Artificial Intelligence, Now Available to All Brands HGS Global Solutions (HGS) announced the general availability of HGS Agent X, a single, integrated artificial intelligence (AI), automation, and analytics powered user interface providing a backbone for world-class contact center operations. Agent X streamlines call center agent workflow while enhancing customer interaction. The first of its kind holistic contact center accelerator, HGS Agent X leans into the power of the voice interaction by transcribing 100% of voice of the customer. Turning this unstructured voice into data provides a 360-degree view of customers desires and uses this insight to power agent engagements with a unified knowledge base and learning and engagement tools. HGS Agent X is a set of pre-built automation accelerators, designed to speed up implementations of common contact center platforms with standardized modules, improve agent retention by reducing the cognitive load on frontline staff, and reduce operating costs with shorter training times and reduced handles time in one easy-to-use system: AI Co-pilot and Automation; Real-time 'Live Assist' function for predictive, fast responses; 'Smart Actions' to eliminate repetitive tasks; Real-time speech and text transcription & sentiment analysis (positive, neutral, negative) to aid in decision making (continued interaction versus escalation); Smart knowledge management and real-time knowledge assist; Integrated ChatGPT and other forms of generative AI functionality; 360 Degree Customer Profile; Single, unified tool helping to reduce multiple screens and improve response time; Contextualized insights to personalize the on-going interaction; Leverages intelligence to optimize operations and its performance; Enables agents to quickly navigate and resolve customer's specific requests; Insights; Interactions Intelligence to derive actionable insights; CSAT (customer satisfaction) and ASAT (agent satisfaction) based on customer and agent interaction; Automated quality analysis and checks; Best-In-Class Analytics; Team and agent performance; Organizational analytics and operational insights. HGS Agent X benefits include the ability to transform: Productivity, sales, and bottom-line results; Processes for onboarding, engaging, and retaining contact center agents; Insights to power data-driven business decisions; Employee and customer experience. More than a tool for improving CX, Agent X also serves to enhance the agent experience through myriad functions aimed at improving job performance, including the extensive on-demand knowledge base and gamified incentive for expanding job proficiency. Through at-the-ready access to tools and information, Agent X additionally contributes to overall contact center agent satisfaction and, ultimately, retention as well as increase brand loyalty for the end customer. New Risk • Nov 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.5% Last year net profit margin: 7.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Shareholders have been diluted in the past year (11% increase in shares outstanding). Significant insider selling over the past 3 months (₹80m sold). Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹3.93 (vs ₹36.57 in 2Q 2023) Second quarter 2024 results: EPS: ₹3.93 (down from ₹36.57 in 2Q 2023). Revenue: ₹12.9b (up 10% from 2Q 2023). Net income: ₹177.2m (down 91% from 2Q 2023). Profit margin: 1.4% (down from 16% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Announcement • Nov 01
Hinduja Global Solutions Limited to Report First Half, 2024 Results on Nov 09, 2023 Hinduja Global Solutions Limited announced that they will report first half, 2024 results on Nov 09, 2023 Announcement • Sep 29
Hinduja Global Solutions Limited Declares of A Final Dividend for the Financial Year Ended March 31, 2023 Hinduja Global Solutions Limited at its AGM, held on September 27, 2023, approved the declaration of a final dividend of ?2.50 per equity share (on an equity share of par value of ?10/- each) for the financial year ended March 31, 2023; and to confirm three interim dividends aggregating to ?12.50 per equity share of ?10/- each already paid for the financial year ended March 31, 2023. Upcoming Dividend • Sep 06
Upcoming dividend of ₹2.50 per share at 1.5% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 1.5%. Within top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (1.9%). Recent Insider Transactions • Aug 26
Group CEO & Whole-time Director recently sold ₹3.1m worth of stock On the 23rd of August, Partha DeSarkar sold around 3k shares on-market at roughly ₹1,025 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Partha's only on-market trade for the last 12 months. Announcement • Aug 24
Hinduja Global Solutions Limited, Annual General Meeting, Sep 20, 2023 Hinduja Global Solutions Limited, Annual General Meeting, Sep 20, 2023, at 16:00 Indian Standard Time. New Risk • Aug 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding). Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: ₹3.25 (vs ₹17.53 in 1Q 2023) First quarter 2024 results: EPS: ₹3.25 (down from ₹17.53 in 1Q 2023). Revenue: ₹12.5b (up 37% from 1Q 2023). Net income: ₹148.7m (down 80% from 1Q 2023). Profit margin: 1.2% (down from 8.0% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 04
Hinduja Global Solutions Limited to Report Q1, 2024 Results on Aug 09, 2023 Hinduja Global Solutions Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹57.93 (vs ₹0.73 in FY 2022) Full year 2023 results: EPS: ₹57.93 (up from ₹0.73 in FY 2022). Revenue: ₹50.2b (up 54% from FY 2022). Net income: ₹3.02b (up ₹2.99b from FY 2022). Profit margin: 6.0% (up from 0.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 27
Hinduja Global Solutions Limited Recommends Final Dividend for Fiscal Year 2022-23 Hinduja Global Solutions Limited announced the Board of Directors have also recommended a final dividend of INR 2.50 per equity share (25%) (on an equity share of par value of INR 10/- each) for Fiscal Year 2022-23, subject to the approval of the Shareholders of the Company at the ensuring Annual General Meeting (AGM). The dividend, if approved by the Shareholders, will be paid (subject to deduction of tax at source) within 30 days of approval at the AGM. The book closure date will be intimated, separately. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹1,151, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 25x in the IT industry in India. Total returns to shareholders of 287% over the past three years. Upcoming Dividend • Feb 27
Upcoming dividend of ₹2.50 per share at 9.4% yield Eligible shareholders must have bought the stock before 06 March 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 9.4%. Within top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (1.9%). Board Change • Feb 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Munesh Khanna was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 16
Hinduja Global Solutions Limited Appoints Patrick Elliott as CEO for HGS UK Hinduja Global Solutions Limited announced the appointment of Patrick Elliott as the Chief Executive Officer for its UK operations. To be based out of London in the UK, Patrick will focus on expanding the business in the region. He will also be a key member of HGS' Global Advisory Board and participate in corporate strategy. Patrick is an experienced leader with a track record of building and growing profitable businesses across IT services, telecom and business services. With more than 30 years' experience, he has demonstrated his capability in business transformation, driving growth and turning around businesses within both large corporates and smaller entrepreneurial environments. He has a background in product management, sales and marketing, strategy, commercial and general management. Patrick was last with Capita, and out of his 10 years-stint there, he spent the last three years helping redefine and lead strategy for Digital business. He has previously held senior management positions at The Instant Group, Serco, SAIC, Opta Ltd., BT Cellnet, Orange and Philips, all in the UK. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹9.87 (vs ₹3.04 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹9.87 (up from ₹3.04 loss in 3Q 2022). Revenue: ₹11.6b (up 45% from 3Q 2022). Net income: ₹510.6m (up ₹637.5m from 3Q 2022). Profit margin: 4.4% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 14
Hinduja Global Solutions Limited Declares Third Interim Dividend for Fiscal Year 2022-2023, Payable on or Before March 15, 2023 Hinduja Global Solutions Limited announced that the board of directors at their meeting held on February 13, 2023 have declared third Interim Dividend of INR 2.50 per equity share for Fiscal year 2022-2023. The record date is March 6, 2023. The said dividend of INR 2.50 per share shall be paid to the eligible Members of the Company on or before March 15, 2023. Upcoming Dividend • Nov 30
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 07 December 2022. Payment date: 14 December 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 10.0%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.8%). Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹8.90 (vs ₹32.69 in 2Q 2022) Second quarter 2023 results: EPS: ₹8.90. Revenue: ₹13.7b (down 14% from 2Q 2022). Net income: ₹1.91b (up 40% from 2Q 2022). Profit margin: 14% (up from 8.6% in 2Q 2022). The increase in margin was driven by lower expenses. Board Change • Oct 31
High number of new directors Additional Non-Executive Non-Independent Director Paul Abraham was the last director to join the board, commencing their role in 2022. Buying Opportunity • Sep 28
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be ₹1,563, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Sep 16
Upcoming dividend of ₹25.00 per share Eligible shareholders must have bought the stock before 23 September 2022. Payment date: 14 October 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.6%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (2.0%). Recent Insider Transactions • Sep 08
Insider recently sold ₹6.6m worth of stock On the 1st of September, Narasimha Murthy sold around 4k shares on-market at roughly ₹1,502 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹65m more than they bought in the last 12 months. Announcement • Sep 07
Hinduja Global Solutions Limited to Report Fiscal Year 2023 Results on May 30, 2023 Hinduja Global Solutions Limited announced that they will report fiscal year 2023 results on May 30, 2023 Board Change • Sep 02
High number of new directors Additional Non-Executive Non-Independent Director Paul Abraham was the last director to join the board, commencing their role in 2022. Buying Opportunity • Aug 29
Now 24% undervalued Over the last 90 days, the stock is up 56%. The fair value is estimated to be ₹1,960, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Earnings per share has grown by 5.7%. Upcoming Dividend • Aug 17
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 09 September 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.2%. Within top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (1.8%). Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹17.53 (vs ₹28.03 in 1Q 2022) First quarter 2023 results: EPS: ₹17.53 (down from ₹28.03 in 1Q 2022). Revenue: ₹10.4b (down 33% from 1Q 2022). Net income: ₹732.7m (down 37% from 1Q 2022). Profit margin: 7.0% (down from 7.5% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 31
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: ₹34.1b (down 39% from FY 2021). Net income: ₹30.6m (down 99% from FY 2021). Profit margin: 0.1% (down from 6.0% in FY 2021). Revenue missed analyst estimates by 4.3%. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 42% per year. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues miss analyst expectations Third quarter 2022 results: Revenue: ₹8.14b (down 44% from 3Q 2021). Net loss: ₹126.9m (down 117% from profit in 3Q 2021). Revenue missed analyst estimates by 4.3%. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jan 10
Upcoming dividend of ₹150 per share Eligible shareholders must have bought the stock before 17 January 2022. Payment date: 27 January 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.4%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (1.1%). Recent Insider Transactions • Dec 18
Global CTO & CEO of HGS MENA recently sold ₹7.9m worth of stock On the 15th of December, C. Subramanya sold around 3k shares on-market at roughly ₹3,150 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹10m. Insiders have been net sellers, collectively disposing of ₹66m more than they bought in the last 12 months. Recent Insider Transactions • Nov 28
Insider recently sold ₹8.2m worth of stock On the 23rd of November, Philip Mathew sold around 3k shares on-market at roughly ₹2,940 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹26m more than they bought in the last 12 months. Upcoming Dividend • Nov 17
Upcoming dividend of ₹10.00 per share Eligible shareholders must have bought the stock before 24 November 2021. Payment date: 07 December 2021. Trailing yield: 1.5%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (1.2%). Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹65.37 (vs ₹39.04 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹16.2b (up 22% from 2Q 2021). Net income: ₹1.36b (up 68% from 2Q 2021). Profit margin: 8.4% (up from 6.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹65.37 (vs ₹39.04 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹16.2b (up 22% from 2Q 2021). Net income: ₹1.36b (up 68% from 2Q 2021). Profit margin: 8.4% (up from 6.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.