Hinduja Global Solutions Limited

BSE: HGS532859ISIN INE170I01016

Services
Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
BSE 1000

Share price

₹345.65+5.60 (+1.65%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹526.45
52W low: ₹330.30
Off 52W high: -34.34%
1M return: -5.44%
3M return: -18.42%
6M return: -17.87%
1Y return: -32.96%
20D avg volume: 1,273
50 DMA: ₹369.96
200 DMA: ₹396.91

Key ratios Consolidated

Market cap: ₹1,608 Cr
Current price: ₹345.65
52W high / low: ₹526.45 / ₹330.30
Face value: ₹10.00
P/E: -22.19
P/B: 0.19
EPS (TTM): ₹-15.58
Book value / share: ₹1,787.73
ROE: —
ROCE: 1.50%
Operating margin: —
Net margin: —
Debt / equity: 0.15
Net debt: ₹725.08 Cr
Interest cover: 0.65
Dividend yield: 1.45%
Dividend / share (TTM): ₹5.00
Payout: —
Cash conversion cycle: 46.7 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,050	1,085	1,075	1,091	1,056	1,161	1,064	1,087	1,092	1,099	1,204	1,180
	150.80	169.96	116.78	131.90	131.02	136.66	170.82	120.42	126.68	159.15	91.24	107.54
	1,201	1,255	1,192	1,223	1,187	1,298	1,235	1,208	1,219	1,258	1,295	1,287
	1,254	1,241	1,229	1,237	1,214	1,194	1,194	1,248	1,263	1,216	1,279	1,263
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	31.67	25.62	28.41	44.05	34.22	21.44	16.92	20.62	11.07	8.68	12.70	9.10
	630.75	591.79	627.84	622.95	598.89	593.99	618.45	639.75	626.47	631.53	656.94	654.47
	45.53	48.13	46.95	53.84	57.89	54.78	55.58	62.36	56.42	50.61	48.50	45.68
	123.55	134.92	123.33	118.21	128.33	120.93	137.53	133.15	131.20	133.37	141.88	134.85
	420.16	438.56	392.64	405.33	403.06	399.96	367.74	401.06	438.78	390.92	421.28	418.69
	-52.77	14.09	-36.54	-14.09	-26.48	103.45	41.26	-40.67	-44.20	41.42	16.20	24.52
	0.00	-4.80	-4.49	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	-52.77	9.29	-41.03	-14.09	-26.48	103.45	41.26	-40.67	-44.20	41.42	16.20	24.52
	13.49	22.87	15.15	12.90	19.85	105.14	49.85	9.85	12.82	46.50	8.02	6.09
	-66.26	-13.58	34.35	-26.99	11.16	-1.69	-8.59	-50.52	161.52	87.92	8.18	18.43
	-12.51	-1.78	9.15	-4.20	-8.61	0.82	-0.57	-8.87	-12.26	18.52	1.82	3.93
Key metrics
	116.31	192.34	129.25	157.96	159.74	279.16	234.37	154.84	143.42	225.40	206.58	205.05
	11.10%	17.70%	12.00%	14.50%	15.10%	24.00%	22.00%	14.20%	13.10%	20.50%	17.20%	17.40%
	-6.30%	-1.30%	3.20%	-2.50%	1.10%	-0.10%	-0.80%	-4.60%	14.80%	8.00%	0.70%	1.60%
	—	0.60%	—	0.40%	—	1.80%	—	—	—	—	—	—
	-0.60%	-6.60%	1.10%	0.40%	-3.30%	5.70%	-11.60%	-7.90%	—	—	—	—
	-693.70%	-703.60%	499.90%	46.60%	-93.10%	-101.90%	-205.00%	-374.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	4,301	4,307	4,404	4,616	4,505	3,264
	569.44	549.66	554.58	472.06	518.03	149.77
	4,871	4,857	4,959	5,088	5,023	3,413
	4,960	4,920	4,899	4,977	4,854	3,299
	0.00	0.00	0.00	—	—	—
	129.75	132.30	70.05	41.38	43.33	—
	2,473	2,441	2,479	2,629	2,757	2,523
	194.45	206.81	229.14	183.57	137.27	27.61
	500.01	504.79	522.81	533.94	455.38	120.89
	1,657	1,640	1,608	1,590	1,464	627.13
	-89.31	-63.02	59.84	110.48	169.49	114.64
	-9.29	-9.29	0.00	0.00	32.87	-77.30
	-98.60	-72.31	59.84	110.48	202.36	37.34
	64.41	70.77	177.66	20.68	102.20	34.28
	-72.48	4.94	100.72	131.16	350.78	6,104
	-9.34	-24.90	26.10	27.52	57.99	0.73
Key metrics
	595.86	639.29	811.79	827.99	795.01	185.84
	13.85%	14.80%	18.40%	17.90%	17.60%	5.70%
	-1.68%	0.10%	2.30%	2.80%	7.80%	187.00%
	—	1.50%	3.30%	—	—	—
	-1.53%	-2.20%	-4.60%	2.50%	38.00%	—
	—	-95.10%	-23.20%	-62.60%	-94.30%	—
	—	279.67	213.51	—	—	—
	—	83.53	4.54	—	—	—
	—	0.15	0.15	—	—	—
	—	725.08	435.21	—	—	—
	—	46.7	23.3	—	—	—
Balance sheet
	—	11,564	11,172	—	—	—
	—	8,010	7,799	—	—	—
	—	568.94	751.69	—	—	—
	—	871.81	764.48	—	—	—
	—	30.84	25.92	—	—	—
	—	360.74	295.54	—	—	—
	—	391.37	387.79	—	—	—
	—	351.24	509.09	—	—	—
	—	2,398	2,326	—	—	—
	—	1,294	1,187	—	—	—
	—	1,066	856.82	—	—	—
	—	227.72	330.08	—	—	—
	—	8,436	7,855	—	—	—
Cash flow
	—	412.64	457.17	—	—	—
	—	-136.96	502.29	—	—	—
	—	-511.34	-898.18	—	—	—
	—	132.97	243.66	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	448.36	450.11	446.17	468.74	462.10	447.05	430.07	422.86	411.11	416.38	407.82	405.31
	51.26	96.00	54.70	67.56	39.52	32.01	61.07	24.15	59.27	94.91	34.48	67.32
	499.62	546.11	500.87	536.30	501.62	479.06	491.14	447.01	470.38	511.28	442.30	472.63
	561.04	554.24	540.62	559.01	555.47	528.11	527.96	522.66	551.67	497.81	478.25	492.88
	0.00	-1.02	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.25	0.00	0.45	0.56	0.23	-0.22	0.36	0.49	0.38	—	2.46	1.69
	226.12	210.73	216.53	221.53	218.89	209.60	207.15	200.76	191.29	192.97	183.25	183.02
	23.92	25.23	24.73	28.28	26.89	27.09	29.58	29.28	30.75	22.36	23.30	24.76
	58.97	68.11	61.16	59.33	62.20	64.01	65.24	63.25	64.53	67.06	70.27	69.76
	251.91	249.35	238.04	247.07	247.18	224.02	225.87	228.78	260.60	213.96	200.83	214.85
	-61.42	-8.13	-39.75	-22.71	-53.85	-49.05	-36.82	-75.65	-81.29	13.48	-35.95	-20.24
	0.00	-4.56	-4.14	0.00	0.00	0.00	—	—	—	—	—	—
	-61.42	-12.69	-43.89	-22.71	-53.85	-49.05	-36.82	-75.65	-81.29	13.48	-35.95	-20.24
	0.63	6.31	8.45	4.38	8.30	57.87	17.98	0.23	3.89	9.35	7.97	1.53
	-62.05	-19.00	-52.34	-27.09	-62.15	-106.92	-54.80	-75.88	-85.18	22.83	-27.97	-18.71
	-13.34	-4.08	-11.25	-5.82	-13.36	-22.98	-11.78	-16.31	-18.31	4.70	-5.90	-3.88
Key metrics
	21.47	80.65	42.00	64.90	35.24	42.05	58.00	16.88	13.99	102.90	57.62	74.28
	4.80%	17.90%	9.40%	13.80%	7.60%	9.40%	13.50%	4.00%	3.40%	24.70%	14.10%	18.30%
	-13.80%	-4.20%	-11.70%	-5.80%	-13.40%	-23.90%	-12.70%	-17.90%	-20.70%	5.50%	-6.90%	-4.60%
	—	0.40%	—	0.20%	—	-0.70%	—	—	—	—	—	—
	-3.00%	0.70%	3.70%	10.80%	12.40%	7.40%	5.50%	4.30%	—	—	—	—
	0.20%	82.20%	4.50%	64.30%	27.00%	-568.30%	-95.90%	-305.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,813	1,827	1,711	1,578	1,323	618.29
	269.52	257.78	176.50	270.86	398.22	127.61
	2,083	2,085	1,888	1,849	1,722	745.90
	2,215	2,209	2,130	1,896	1,619	744.56
	-1.02	0.22	0.00	—	—	—
	1.26	0.00	1.01	4.21	6.90	—
	874.91	867.68	808.80	744.90	646.33	531.65
	102.16	105.13	116.70	90.91	100.81	14.17
	247.57	250.80	257.03	267.77	232.74	45.17
	986.37	981.64	939.27	789.26	637.42	153.57
	-132.01	-124.44	-242.81	-47.00	102.97	1.35
	-8.70	-8.70	0.00	—	—	—
	-140.71	-133.14	-242.81	-47.00	102.97	1.35
	19.77	27.44	79.97	17.99	138.58	1.93
	-160.48	-160.58	-322.78	-29.01	330.05	2,431
	-34.49	-34.52	-69.38	-6.09	45.99	-0.13
Key metrics
	209.02	222.79	130.92	311.68	436.52	60.69
	11.53%	12.20%	7.70%	19.70%	33.00%	9.80%
	-8.85%	-8.80%	-18.90%	-1.80%	24.90%	393.20%
	—	-0.90%	-3.80%	—	—	—
	2.91%	6.80%	8.40%	19.30%	114.00%	—
	—	50.30%	-1,012.70%	-108.80%	-86.40%	—
	—	-64.43	-169.60	—	—	—
	—	0.22	0.38	—	—	—
	—	0.20	0.19	—	—	—
	—	399.95	412.07	—	—	—
	—	51.5	29.3	—	—	—
Balance sheet
	—	4,121	4,434	—	—	—
	—	1,680	1,356	—	—	—
	—	111.08	115.38	—	—	—
	—	493.33	348.83	—	—	—
	—	0.92	4.79	—	—	—
	—	270.57	209.00	—	—	—
	—	185.45	170.53	—	—	—
	—	236.57	216.01	—	—	—
	—	1,098	1,082	—	—	—
	—	511.03	527.45	—	—	—
	—	423.42	393.86	—	—	—
	—	87.61	133.59	—	—	—
	—	2,583	2,741	—	—	—
Cash flow
	—	-34.61	-121.71	—	—	—
	—	442.98	382.25	—	—	—
	—	-413.97	-339.79	—	—	—
	—	29.82	47.89	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +11.35%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +2.91%
Profit YoY (TTM): +46.46%

Consolidated

Sales CAGR 3Y: -1.49%
Sales CAGR 5Y: —
Profit CAGR 3Y: -75.85%
Profit CAGR 5Y: —
Sales YoY (TTM): -1.53%
Profit YoY (TTM): -46.01%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 67.98%

Quarter	September 2026	June 2026
Promoter %	67.98%	67.98%

Holder	Type	Holding	Previous	Change
HINDUJA GROUP LIMITED	Promoter	37.85%	37.85%	0.00%
AMAS MAURITIUS LIMITED	Promoter Group	14.04%	14.04%	0.00%
HINDUJA REALTY VENTURES LIMITED	Promoter Group	8.14%	6.41%	+1.73%
ALLSTARS INVESTMENTS LIMITED	Public	3.70%	3.59%	+0.11%
LEGENDS GLOBAL OPPORTUNITIES (SINGAPORE) PTE. LTD.	Public	3.10%	3.21%	-0.11%
BRIDGE INDIA FUND	Public	2.98%	2.98%	0.00%
Harsha Ashok Hinduja Jt. Ashok P. Hinduja & Harsha Ashok Hinduja	Promoter	2.61%	2.61%	0.00%
Ashok P. Hinduja, Karta of S.P. Hinduja HUF (Bigger)	Promoter Group	2.46%	2.46%	0.00%
INDUSIND INTERNATIONAL HOLDINGS LTD	Public	1.50%	1.50%	0.00%
UNICO GLOBAL OPPORTUNITIES FUND LIMITED	Public	1.25%	1.25%	0.00%
AMBIKA ASHOK HINDUJA	Promoter Group	0.83%	0.83%	0.00%
SHOM ASHOK HINDUJA	Promoter Group	0.65%	0.65%	0.00%
Ashok P. Hinduja Jt. Harsha Ashok Hinduja & Ashok P. Hinduja	Promoter	0.36%	0.36%	0.00%
HINDUJA GROUP LTD JTLY WITH HINDUJA REALTY VENTURES LTD(as Demat A/c holder and Partners of Aasia Exports)	Promoter Group	0.36%	1.30%	-0.94%
VINOO SRICHAND HINDUJA	Promoter Group	0.30%	0.30%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Firstsource Solutions Ltd.	20,223	290.15	27.94	17.70%	+20.28% TTM	+8.08% TTM	-17.71%
eClerx Services Limited	14,699	1,562.85	20.24	32.70%	+22.41% TTM	+18.15% TTM	-34.03%
FUSION CX LIMITED	4,140	286.80	—	—	—	—	—
RPSG VENTURES LIMITED	2,803	847.25	765.91	9.00%	+18.53% TTM	-97.48% TTM	+2.79%
ONE POINT ONE SOLUTIONS LIMITED	1,912	72.70	—	8.10%	—	—	—
Hinduja Global Solutions Limited	1,608	345.65	-22.19	1.50%	-1.53% TTM	-46.01% TTM	-32.96%
Alldigi Tech Limited	1,269	832.55	13.44	25.50%	+5.90% TTM	+31.63% TTM	-5.31%
NSB BPO Solutions Limited	47	23.46	—	7.30%	—	—	-77.00%
We Win Limited	45	44.02	10.03	11.30%	+18.85% TTM	+171.95% TTM	-16.94%
Informed Technologies India Ltd.	35	84.20	30.47	2.20%	-38.83% TTM	+125.49% TTM	-2.07%
PlatinumOne Business Services Limited S	22	140.00	6.18	24.10%	—	—	-11.39%
BNR Udyog Ltd. S	10	33.69	-45.53	-9.20%	-26.42% TTM	-237.50% TTM	-27.63%
G-Tech Info-Training Ltd. S	4	10.74	-35.80	7.70%	-100.00% TTM	-900.00% TTM	-4.79%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Intimation regarding change in the Corporate office address of the Registrar and Share Transfer Agent of the Company with effect from December 01, 2026.3 Nov 2026 · Company Update / General
Update attached3 Nov 2026 · Company Update / General
Hinduja Global Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2026 ,inter alia, to consider and approve Unaudited Financial ....2 Nov 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 201812 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for Closure of Trading Window29 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Scrutinizer report and voting results of the 31st Annual general meeting held on September 25, 2026.28 Sep 2026 · AGM/EGM / AGM
Report of Scrutinizer and Voting results of 31st Annual general Meeting of the Company held on September 25, 2026.28 Sep 2026 · AGM/EGM / AGM
Proceedings of 31st Annual General Meeting of the Company held on Friday, September 25, 2026 at 5 p.m. IST attached25 Sep 2026 · AGM/EGM / AGM
Post-dispatch of the Annual Report FY 2025-26, the Company has observed that there are few typographical errors on Page No. 138, point B - Other equity, in the columns 'retained earnings', ....25 Sep 2026 · Others / Reg. 34 (1) Annual Report
Please find attached herewith the Presentation being made at the 31st Annual General Meeting of the Company commencing at 5 p.m. IST today.25 Sep 2026 · Company Update / Investor Presentation
Newspaper advertisement for transfer of equity shares of the Company to IEPF.9 Sep 2026 · Company Update / Newspaper Publication
We have to inform you that the Board of Directors of IndusInd Media and Communications Limited (IMCL), a subsidiary of the Hinduja Global Solutions Limited has approved the divest/sell ....9 Sep 2026 · Company Update / General
Pursuant to Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, communication providing QR code and the weblink from where the Annual Report ....4 Sep 2026 · Company Update / General
Communication to Shareholders - Intimation on Tax Deduction on Dividend3 Sep 2026 · Company Update / General
Completion of dispatch of AGM Notice and Annual Report 2025-26.3 Sep 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 36(1)(b) of SEBI LODR Regulations, 2015, communication providing QR Code and the web link from where the Annual Report for Financial Year 2025-26 and Notice Convening ....1 Sep 2026 · Company Update / General
Business Responsibility and Sustainability Report for the Financial Year 2025-261 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Notice of 31st Annual General Meeting to be held on Friday, September 25, 2026.1 Sep 2026 · AGM/EGM / AGM
Submission of Annual Report for Financial Year 2025-26 and Notice of 31st Annual General Meeting(''''AGM'''')1 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice of 31st Annual General Meeting, Record Date/ Book Closure dates and remote e-voting information.28 Aug 2026 · Company Update / Newspaper Publication
Transcript of Earnings Conference Call held on August 10, 202614 Aug 2026 · Company Update / Earnings Call Transcript
Special Window for re-lodgement of transfer requests of physical shares.14 Aug 2026 · Company Update / Newspaper Publication
This is in continuation to our earlier submission of record date.11 Aug 2026 · Company Update / General
Audio recording of Earnings Conference Call held today, August 10, 2026.10 Aug 2026 · Company Update / Analyst / Investor Meet
Q1 FY 2026-27 Earnings Call Presentation.10 Aug 2026 · Company Update / Investor Presentation
Newspaper Publication Q1 FY 2026-27 Financial Results9 Aug 2026 · Company Update / Newspaper Publication
Financial Results attached7 Aug 2026 · Result / Financial Results
Letter attached.7 Aug 2026 · Corp. Action / Record Date
Closure of the Register of Members and Share Transfer Books of the Company from Saturday, September 19, 2026 to Monday, September 21, 2026 (both days inclusive) for the purposes of the ....7 Aug 2026 · Corp. Action / Book Closure
Re-appointment of Mr. Amit Saharia, Non Executive Non Independent Director, who retires by rotation and being eligible, offers himself for re-appointment.7 Aug 2026 · Company Update / Change in Management
Press Release for Q1 FY 2027 Results7 Aug 2026 · Company Update / Press Release / Media Release
Outcome of the Board Meeting for Q1 FY 2026-277 Aug 2026 · Board Meeting / Outcome of Board Meeting
Letter attached5 Aug 2026 · Company Update / General
Intimation of Q1 & FY 2026-27 Earnings Call31 Jul 2026 · Company Update / Analyst / Investor Meet
Newspaper Advertisement for transfer of equity shares to IEPF.30 Jul 2026 · Company Update / Newspaper Publication
Hinduja Global Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2026 ,inter alia, to consider and approve Unaudited Financial ....28 Jul 2026 · Board Meeting / Board Meeting
Clarification on price movement15 Jul 2026 · Company Update / General
The Exchange has sought clarification from Hinduja Global Solutions Ltd on July 15, 2026, with reference to Movement in Volume. <BR><BR>The reply is awaited.15 Jul 2026 · Company Update / Clarification
Confirmation certificate under Regulation 74(5) of the Depositories and Participants Regulations, 20188 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
HGS International, Mauritius, a wholly owned subsidiary of Hinduja Global Solutions Limited has formed a Wholly owned subsidiary named HGS MENA IT Consulting L.L.C in Dubai, UAE, on July 03, 20263 Jul 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 5.0000	18 Sep 2026	18 Sep 2026	—
Final Dividend - Rs. - 7.0000	19 Sep 2024	—	—

Board meetings

12 Nov 2026 Board Meeting - Financial Results
7 Aug 2026 Board Meeting - Financial Results