Hinduja Global Solutions Limited

Services · Commercial Services & Supplies

NSE: HGS BSE: 532859

₹370.05

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Commercial Services & Supplies

The largest companies in the same industry by market cap. This company ranks #25 of 315. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Redington Limited	31,818	23.3	12.3%	45.9%	—	63	53	55
Firstsource Solutions Limited	17,829	35.1	15.4%	-21.6%	2.15%	76	13	31
eClerx Services Limited	17,116	23.2	27.6%	-54.2%	0.05%	84	24	14
Central Mine Planning & Design Institute Limited	14,938	—	—	—	1.01%	82	0	71
International Gemological Institute Limited	13,652	22.8	38.3%	-12.1%	1.60%	80	24	47
WeWork India Management Limited	9,153	107.4	—	—	—	22	0	31
Nesco Limited	7,376	17.7	13.8%	-20.4%	—	84	47	15
Indiabulls Limited	6,898	—	11.1%	66.3%	—	32	76	86
Hinduja Global Solutions Limited (this stock)	1,721	—	0.1%	-25.5%	1.35%	28	100	10

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹2,121 Cr

EV / EBITDA

10.1x

EV / Sales

1.17x

Market cap / Sales

0.95x

Earnings yield

Data unavailable.

Quarterly Financials

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Standalone Consolidated

↓ Negative

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 500 Cr, down 0.4% YoY.

↓ Negative

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs -62 Cr, down 0.2% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	448	-61	-62	₹-13.3400
March 31, 2026	450	-13	-19	₹-4.0800
Dec. 31, 2025	446	-44	-52	₹-11.2500
Sept. 30, 2025	469	-23	-27	₹-5.8200
June 30, 2025	462	-54	-62	₹-13.3600
March 31, 2025	447	-49	-107	₹-22.9800
Dec. 31, 2024	430	-37	-55	₹-11.7800
Sept. 30, 2024	423	-76	-76	₹-16.3110
June 30, 2024	411	-81	-85	₹-18.3100
March 31, 2024	416	13	23	₹4.7040
Dec. 31, 2023	408	-36	-28	₹-5.8990
Sept. 30, 2023	405	-20	-19	₹-3.8800
June 30, 2023	349	-4	-5	₹-1.0080

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	500	546	501	536	502	479	491	447	470	511	442	473	423
Operating revenue	448	450	446	469	462	447	430	423	411	416	408	405	349
Other income	51	96	55	68	40	32	61	24	59	95	34	67	74
Operating expenses	478	461	455	471	466	437	433	430	456	408	385	398	346
Operating profit	-30	-11	-9	-3	-4	10	-3	-7	-45	8	23	7	3
Operating profit margin	-6.6%	-2.4%	-1.9%	-0.6%	-0.9%	2.2%	-0.7%	-1.7%	-11.0%	1.9%	5.7%	1.7%	0.8%
Depreciation	59	68	61	59	62	64	65	63	65	67	70	70	61
Interest	24	25	25	28	27	27	30	29	31	22	23	25	20
Exceptional items, gain / (loss)	—	-5	-4	—	—	—	—	—	—	—	—	—	—
Profit before tax	-61	-13	-44	-23	-54	-49	-37	-76	-81	13	-36	-20	-4
Tax	1	6	8	4	8	58	18	0	4	-9	-8	-2	1
Net profit	-62	-19	-52	-27	-62	-107	-55	-76	-85	23	-28	-19	-5
EPS	-13.34	-4.08	-11.25	-5.82	-13.36	-22.98	-11.78	-16.31	-18.31	4.70	-5.90	-3.88	-1.01
Net profit (TTM)	-160	-161	-248	-251	-300	-323	-193	-166	-109	-29	-15	—	—
EPS (TTM)	-34.49	-34.51	-53.41	-53.94	-64.43	-69.38	-41.70	-35.82	-23.39	-6.08	-3.77	5.02	34.67

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	1,827	-133	-161
March 31, 2025	1,711	-243	-323
March 31, 2024	1,578	-47	-29
March 31, 2023	1,323	103	330

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	7.3%	-2.9%	2,085^†	1,888^†	1,849^†	1,687^†	1,728^†	2,418^†	2,373^†	2,239^†	1,710^†	1,625^†
Operating revenue	11.4%	-5.0%	1,827	1,711	1,578	1,323	1,587^†	2,363^†	2,287^†	2,196^†	1,670^†	1,598^†
Other income	—	—	258^†	176^†	271^†	364^†	140^†	55^†	86^†	43^†	40^†	27^†
Operating expenses	—	—	1,853^†	1,757^†	1,537^†	1,151^†	1,318^†	1,846^†	1,805^†	1,834^†	1,459^†	—
Operating profit	—	—	-26^†	-46^†	41^†	172^†	270^†	517^†	482^†	363^†	211^†	—
Operating profit margin	—	—	-1.4%^†	-2.7%^†	2.6%^†	13.0%^†	17.0%^†	21.9%^†	21.1%^†	16.5%^†	12.6%^†	—
Depreciation	—	—	251^†	257^†	268^†	187^†	113^†	187^†	193^†	97^†	75^†	78^†
Interest	—	—	105^†	117^†	91^†	71^†	37^†	61^†	63^†	12^†	9^†	—
Exceptional items, gain / (loss)	—	—	-9^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	—	—	-133	-243	-47	103	259^†	323^†	312^†	297^†	167^†	156^†
Tax	—	—	27^†	80^†	-18^†	-136^†	72^†	116^†	79^†	66^†	25^†	54^†
Net profit	—	—	-161	-323	-29	330	—	207^†	—	230^†	142^†	102^†
EPS	—	—	-34.51^†	-69.38^†	-6.08^†	57.13^†	83.05^†	99.35^†	111.67^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	-1.4%^†	-2.7%^†	2.6%^†	13.0%^†	17.0%^†	21.9%^†	21.1%^†	16.5%^†	12.6%^†	—
EBIT margin	-1.5%^†	-7.4%^†	2.8%^†	13.2%^†	18.7%^†	16.3%^†	16.4%^†	14.0%^†	10.6%^†	—
PBT margin	-7.3%	-14.2%	-3.0%	7.8%	16.3%^†	13.7%^†	13.6%^†	13.5%^†	10.0%^†	9.8%^†
Net margin	-8.8%	-18.9%	-1.8%	24.9%	—	8.8%^†	—	10.5%^†	8.5%^†	6.4%^†
Interest coverage	-0.27x^†	-1.08x^†	0.48x^†	2.45x^†	8.01x^†	6.25x^†	5.95x^†	26.66x^†	18.59x^†	—
Dividend payout	—	—	—	65.6%^†	243.2%^†	18.1%^†	20.1%^†	—	—	—
Earnings retention	—	—	—	34.4%^†	-143.2%^†	81.9%^†	79.9%^†	—	—	—
Current ratio	1.53x	1.25x	—	—	—	—	—	—	—	—
Quick ratio	1.53x	1.25x	—	—	—	—	—	—	—	—
Debt to equity	0.20x	0.19x	—	—	—	—	—	—	—	—
Return on equity	-6.2%	-11.8%	—	—	—	—	—	—	—	—
Return on assets	-3.9%	-7.3%	—	—	—	—	—	—	—	—
Return on capital employed	-0.9%^†	-3.8%^†	—	—	—	—	—	—	—	—
Asset turnover	0.44x	0.39x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	-35	443	-414	30	-64
March 31, 2025	-122	382	-340	48	-170
March 31, 2024	-17	1,307	-1,509	88	-105
March 31, 2023	-108	378	-725	174	-281
March 31, 2022	-1,591	2,950	-683	77	-1,668

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	4,121	2,583	2,537	423	88	1,680	1,098	111	185	1
March 31, 2025	4,434	2,741	2,694	394	134	1,356	1,082	115	171	5
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.