NSE: HGS · BSE: 532859 · ISIN INE170I01016
Hinduja Global Solutions Limited stock analysis
Hinduja Global Solutions Limited ranks #3700 in the TickerSutra evidence-ranked universe with a score of 38/100 and 95% data confidence. The latest captured fundamentals show ROCE of 1.5%, quarterly sales growth of -0.6% and quarterly profit growth of -45.3%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.24×
- Strong CFO/EBITDA of 4.05×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Operating margin has compressed materially
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹4,273cr | ₹271cr | ₹6,061cr | 6.0% |
| 2023 | ₹4,505cr | ₹248cr | ₹334cr | 6.0% |
| 2024 | ₹4,616cr | ₹360cr | ₹131cr | 8.0% |
| 2025 | ₹4,404cr | ₹263cr | ₹101cr | 6.0% |
| 2026 | ₹4,307cr | ₹102cr | ₹5cr | 2.4% |
| TTM | ₹4,301cr | ₹36cr | ₹-72cr | 0.8% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Scrutinizers report and voting results of the 31st Annual general meeting held on September 25, 2026.
RoutineHinduja Global Solutions Ltd - 532859 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 28 Sept 2026Scrutinizer report and voting results of the 31st Annual general meeting held on September 25, 2026.
RoutineHinduja Global Solutions Ltd - 532859 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 28 Sept 2026Report of Scrutinizer and Voting results of 31st Annual general Meeting of the Company held on September 25, 2026.
RoutineShareholders meetingNSE · 28 Sept 2026Hinduja Global Solutions Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026.
RoutineHinduja Global Solutions Ltd - 532859 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 26 Sept 2026Proceedings of 31st Annual General Meeting of the Company held on Friday, September 25, 2026 at 5 p.m. IST attached
MANAGEMENT COMMENTARY
Signals from filed documents
Consistent with what we have said in our prior quarters, we view this as a one-time cost and investment phase absorption, rather than any structural change in our earning power. And we expect operating leverage to return as volume normalizes and these investments commercialize. Moving on to Slide #19, which is the balance sheet: Our balance sheet remains strong.
But on the other hand, margin is higher. Therefore, we expect higher margins and revenue growth to pick up before the end of the year. As far as the limiting factors, it is ramp -up.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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