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Hinduja Global Solutions Ltd share Price Today

Company details

728.35
759.00
718.80
1,174.00
6M Return -26.32%
1Y Return -27.87%
Mkt Cap.(Cr) 3,435.97
Volume 125,007
Div Yield 2.29%
OI
-
OI Chg %
-
Volume 125,007

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BPO/KPO company Hinduja Global Solutions announced Q3FY24 & 9MFY24 results:

  • 12 new logos were added for digital-enabled CX solutions, and eight for HRO/Payroll Processing.
  • The Digital Media business's new enterprise solutions brand, CelerityX, experienced good traction.
  • NetX, a solution jointly developed by the digital teams of the BPM and Digital Media businesses, was launched.
  • Q3FY24 operating revenue reached Rs 1,203.7 crore, marking a 7.6% YoY increase.
  • Operating EBITDA for Q3FY24 amounted to Rs 115.1 crore, reflecting a substantial growth of 39.9% YoY.
  • 9MFY24 operating revenue stood at Rs 3,517 crore.
  • Operating EBITDA for 9MFY24 reached Rs 289.5 crore, representing a significant 39.3% YoY increase.
  • A one-time cost of Rs 6.53 crore related to property exits was incurred in Q3FY24.
  • Digital Services (comprising Technology Services and Digital Media) contributed 38.4% of 9MFY24 operating revenue.

Speaking on the performance, Partha DeSarkar, Whole-time Director and Group CEO of HGS said: “Despite a challenging global macro-environment, HGS posted a resilient performance in Q3FY24, continuing to build on our efforts to improve our topline and margins. We saw a strong total revenue increase of 11.2% YoY, led by growth in Canada, TekLink and offshore businesses. Operating EBITDA (excluding other income) grew significantly at 39.9% YoY and 18.1% on sequential basis.

During the third quarter, we added 12 new logos and signed multiple opportunities with 22 existing clients for our digital-led CX services. Our engagements reflect the changes in the market toward more complex, technology arbitrage driven deals for both large and mid-market clients. We are aggressively investing in people and technology to support this demand, including in areas such as Cloud, analytics, generative AI, social care, etc.”

Commenting on the Digital Media division’s performance, Vynsley Fernandes, Whole-time Director of HGS and Head of the Digital Media business said, “Our media division saw robust broadband and digital television growth continuing in Q3 - ending the quarter with a customer base of 5.75 mn connected homes across India. At the same time, we’ve operationalised a primary national long distance network of 4,000 kms, with a resilient back-up of around 2,500 kms in progress. This will further accelerate our broadband growth in Tier 2 & 3 cities whilst providing for a high quality of service. CelerityX, our enterprise business has commenced rolling out innovative solutions and has signed on corporates in the retail, BFSI and manufacturing sectors for NetX, India’s first-of-its-kind platform – connecting enterprises with 18,000 Internet Service Providers pan-India. The NetX solution, jointly developed and deployed by the digital teams of BPM and Digital Media businesses, will significantly change the digital networking landscape.”

 

 

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Hinduja Global Solutions Ltd shares SWOT Analysis

Strengths (3)

  • Company with Low Debt
  • Increasing Revenue every quarter for the past 3 quarters
  • Company with Zero Promoter Pledge

Weakness (6)

  • MFs decreased their shareholding last quarter
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (2)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 755.6
R2 772.6
R3 786.3
Pivot

741.98

S1 725.0
S2 711.3
S3 694.3
EMA SMA
814.6
875.1
921.4
980.2
826.9
895.6
936.6
982.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
AVIATOR GLOBAL INVESTMENT FUND Bulk Purchase 2023-09-22 1005 280500 NSE
LEGENDS (CAYMAN) LIMITED Bulk Sell 2023-09-22 1005 280500 NSE
AVIATOR GLOBAL INVESTMENT FUND Block Purchase 2023-09-22 1005 280500 NSE
Name Category Shares
Harsha Ashok Hinduja Jt. Ashok P. Hinduja & Harsha Ashok Hinduja PROMOTER 2.61%
Ashok P. Hinduja, Karta of S.P. Hinduja HUF (Bigger) PROMOTER 2.46%
Ambika Ashok Hinduja PROMOTER 0.83%
Shom Ashok Hinduja PROMOTER 0.65%
HINDUJA GROUP LIMITED PROMOTER 35.08%
AMAS MAURITIUS LIMITED PROMOTER 14.04%
HINDUJA REALTY VENTURES LIMITED PROMOTER 6.41%
HINDUJA GROUP LIMITED JOINTLY WITH HINDUJA REALTY VENTURES LTD (as Demat A/c holder&partners of Aasi PROMOTER 3.8%
AASIA CORPORATION LLP PROMOTER 0.79%

FINANCIALS

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Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
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Hinduja Global Solutions Ltd Stocks COMPARISON

Financials( in Cr) Hinduja Global Solutions Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 738.60 3,876.30 1,498.05 1,543.55 480.10
% Change 1.44 0.92 0.96 -0.17 1.65
Mcap Cr 3,435.97 1,402,479.45 621,757.86 418,867.76 250,823.54
Revenue TTM Cr 4,505.16 225,458.00 146,767.00 101,456.00 90,487.60
Net Profit TTM Cr 334.37 42,303.00 24,108.00 14,845.00 11,366.50
PE TTM 50.47 30.82 25.51 26.68 22.22
1 Year Return -27.87 24.15 7.85 46.80 32.90
ROCE 2.30 58.04 44.36 27.62 17.11
ROE 3.02 47.26 36.42 23.32 15.89
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 8,546.52 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24
Hinduja Global Solutions Limited - Trading Window

Mar 28, 2024 l NSE Announcement

Hinduja Global Solutions Limited - Updates

Mar 26, 2024 l NSE Announcement

Date Action Type Ratio
Sep 13, 2023 Dividend 25
Mar 06, 2023 Dividend 25
Dec 07, 2022 Dividend 50

Hinduja Global Solutions Ltd Information

Stock PE (TTM)
50.47
Promoter Holding
67.71%
Book Value
1575.5988
ROCE
2.3%
ROE
3.02%
Description
  • HTMT Global Solutions Ltd is one of the largest transnational business conglomerates in the world. The company provides information technology enabled services in India and internationally. They offer professional IT staffing, claims processing, call center, software development, and consulting services. They also provide customer relationship management programs integrating inbound contact centre, Internet, database marketing, market research, closed loop lead management, and fulfillment services. The company offers services in verticals like automotive, banking and financial services, consumer electronics, energy and utilities, government/public sector, healthcare and insurance, household and consumer products, logistics and transportation, media and entertainment, pharmaceuticals and life sciences, technology and telecommunications. They are having 20 delivery centres across US, Canada, Mauritius, Philippines and India, all working towards creating leaders out of their clients. HTMT Global Solutions Ltd was incorporated on January 13, 1995 as Tele Video Communications India Pvt. Ltd with the objective of carrying out the activities relating to media business. The Company was converted into a Public Company on May 20, 2006. During the year 2006-07, the company`s name was changed form Tele Video Communication India Ltd to HTMT Technologies Ltd and then to HTMT Global Solutions Ltd. In November 2006, the company acquired Affina in Illinois State which has multiple centres in Peoria, Waterloo, St Louis, El Paso and Montreal, has significantly added to the Company`s delivery capabilities and global footprint. The Information Technology and Information Technology Enabled Services, undertaking of Hinduja TMT Ltd was demerged and transferred to the company on a going concern basis with the appointed date, October 1, 2006 and thus Source1 HTMT Inc, USA, Affina LLC, USA, HTMT Europe Ltd, UK, Hinduja TMT France, Customer Contact Center Inc, Philippines, CCubed (Antilles) NV, C-Cubed BV, Pacific Horizon Ltd became the subsidiary company. The equity shares of the company were listed on the BSE and NSE on June 19, 2007. HTMT Global solutions Ltd was ranked among top 15 ITES-BPO exporters for the financial year 2006-07 by NASSCOM. They are ranked No 2 in the Best performing Call Center Firms worldwide in the Global Services 100 survey conducted by Neo IT & Global Services Magazine in January 2008. Also, they were the winner of ICT Innovation Award 2008. In June 2008, the company expanded their footprint to Chennai by inaugurating their second delivery centre at Nandambakkam. With this, the company has 11 delivery centres across India in Bangalore, Chennai, Durgapur, Hyderabad, Mumbai and Mysore. During the year 2010, Company opened its second center in Manila having a capacity of 1,000 seats. During FY 2011, it opened delivery centres in Tier III cities of Nagercoil and Guntur and set up a second center in Durgapur. The Company acquired 100% equity stake of Hinduja Outsourcing Solutions India Private Limited (HOSIPL) making it a wholly owned subsidiary. In 2013, the Company opened five centers, Belleville (Canada), Preston (UK), Jamaica, Hyderabad (SEZ) and Bangalore. At the end of FY`13, it had 55 global delivery centers across 11 countries. During the year 2017-18, a Scheme of Amalgamation of HGS International Services Private Limited (HGSISPL) (Transferor Company), a wholly owned subsidiary of the Company with the Company (Transferee Company) and their respective Shareholders was approved by the Board of Directors of Company. The National Company Law Tribunal, Mumbai Bench (NCLT) sanctioned the Scheme on June 20, 2018, which became effective from August 1, 2018, from the Appointed Date, April 1, 2017. On the Effective Date i.e. on August 1, 2018, HGSISPL amalgamated with the Company and dissolved without winding up. In terms of the Scheme with effect from Appointed Date, the entire business undertaking of HGSISPL was transferred to and vested in the Company, on a going concern basis. On November 28, 2019, the Company got into a transaction, for sale of India Domestic Customer Relationship Management (CRM), business with Altruist Technologies Private Limited, which got completed on January 31, 2020. On August 9, 2021 Board of Directors of the Company approved the sale of Healthcare Services Business to wholly owned subsidiaries of Betaine BV (Investor), which is owned by funds affiliated with Baring Private Equity Asia. The transaction was completed and the Company ceased to have ownership of the Healthcare Services Business on January 5, 2022. Consequently, as a part of divestment, Company transferred its entire healthcare services business, to the Investor effective on January 6, 2022. On January 28, 2022 , HGS International Mauritius, a wholly owned subsidiary of the Company, acquired Diversify Offshore Staffing Solutions Pty Ltd., Australia, which was completed effective February 25, 2022.

Registered Address

Hinduja House 171, Dr Annie Besant Road Worli, Mumbai, Maharashtra, 400018

Tel : 91-022-24960707
Email : investor.relations:teamhgs.com
Website : http://www.teamhgs.com
Registrar

Sharepro Services India P Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532859
NSE Code : HGS
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE170I01016

FAQ’s on Hinduja Global Solutions Ltd Shares

You can buy Hinduja Global Solutions Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Hinduja Global Solutions Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:57 PM the closing price of Hinduja Global Solutions Ltd was ₹ 738.60.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 03:57 PM, the market cap of Hinduja Global Solutions Ltd stood at ₹ 3,435.97.

The latest PE ratio of Hinduja Global Solutions Ltd as of Mar 28, 2024 03:57 PM is 50.47

The latest PB ratio of Hinduja Global Solutions Ltd as of Mar 28, 2024 03:57 PM is 2.13

The 52-week high of Hinduja Global Solutions Ltd share price is ₹ 1,174.00 while the 52-week low is ₹ 718.80

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