Hinduja Global Solutions Limited (HGS) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Hinduja Global Solutions Limited ₹667, price ₹367, upside +81.7%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Hinduja Global Solutions Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹340.24 – ₹1,586 · fair‑value band ₹437.25 – ₹783.14 · the ₹367.05 price screens below the ₹666.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
Follow Hinduja Global Solutions in your weekly email
Every Wednesday you see whether Hinduja Global Solutions is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Hinduja Global Solutions Limited provides business process management services in the United States, Canada, the United Kingdom, Europe, India, Philippines, and internationally.
Show more
Hinduja Global Solutions Limited provides business process management services in the United States, Canada, the United Kingdom, Europe, India, Philippines, and internationally. It provides voice and non-voice based services, such as contact center solutions and back office transaction processing, as well as technology services in the areas of artificial intelligence, automation, cybersecurity, data analytics, and cloud. The company also offers digital marketing services, including agency partnership and collaboration, social media monitoring and engagement, content moderation, and online reputation management; and outsourcing solutions, comprising back office outsourcing, contact center outsourcing, and offshore and IT staffing solutions. It serves banking, finance, insurance, consumer packaged goods, healthcare, media, retail, public sector and utilities, telecommunications, and media and technology industries. The company was formerly known as HTMT Global Solutions Limited and changed its name to Hinduja Global Solutions Limited in December 2008. Hinduja Global Solutions Limited was founded in 1973 and is based in Bengaluru, India.
Stock analysis
Hinduja Global Solutions Limited (HGS) currently trades at ₹367.05, while our model-based Fair Value estimate is ₹666.80, implying the stock looks roughly 45.0% undervalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of ₹1,198 per share, and 13 of the 23 models we run sit above the ₹367.05 price.
Bear case: the Multiples group reads lowest at ₹145.31, and 10 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹437.25 (bear) to ₹783.14 (bull), the price of ₹367.05 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hinduja Global Solutions Limited reported revenue of ₹43.1B in FY2026 versus ₹42.4B in FY2022, a compound +0.4%/yr. Reported net income was ₹322M in FY2026, compounding −73.0%/yr from FY2022.
Key figures
Market cap ₹17.1B (≈ $177M) · P/S ratio 0.40 · EPS (TTM) ₹−28.79 · Dividend yield 0.1% · Net margin 0.7% · Return on equity −1.8% · Return on assets (EBIT) −1.8% · Operating margin −15.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 1% fair-value upside, at 82%, HGS screens cheaper than that median.
Fair Value models
Bear ₹437.25Fair Value ₹666.80Bull ₹783.14
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.6%
Start year 2021 (pandemic). Over 10 years: +2.6% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+112.3%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−38.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−38.8%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−38.8% vs −16.0%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−1% → −9%
Start year 2021 (pandemic)
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare Hinduja Global Solutions Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Business Services · 231 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hinduja Global Solutions Limited Fair Value". https://www.fairvalue-calculator.com/stock/HGS
Frequently asked questions
Is Hinduja Global Solutions Limited (HGS) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹666.80 versus a price of ₹367.05, about +82% upside (undervalued).
What is the fair value of HGS?
Our model-based fair value for Hinduja Global Solutions Limited is ₹666.80 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹367.05.
What is the quality score of HGS?
Hinduja Global Solutions Limited has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Hinduja Global Solutions Limited (HGS)?
Our model-based price target is the fair value of ₹666.80 (as of Oct 2, 2026) from 23 valuation models. Cautious scenario ₹437.25, optimistic scenario ₹783.14. It is a calculation from audited fundamentals, not an analyst target.
What is the Hinduja Global Solutions Limited stock forecast for 2026?
Our models put fair value at ₹666.80, about +82% upside versus a price of ₹367.05 (undervalued). Cautious scenario ₹437.25, optimistic scenario ₹783.14. The calculation is refreshed regularly with new filings.
What is the revenue of Hinduja Global Solutions Limited (HGS)?
Hinduja Global Solutions Limited reported trailing-twelve-month revenue of about ₹43.0B (latest available figure, as of Oct 2, 2026).
Does Hinduja Global Solutions Limited pay a dividend?
Hinduja Global Solutions Limited currently shows a dividend yield of about 0.06% relative to its recent price (as of Oct 2, 2026).
What growth is priced into Hinduja Global Solutions Limited (HGS)?
For today's price to be fair in a discounted-cash-flow model, Hinduja Global Solutions Limited would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.6 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of HGS use?
Our models discount Hinduja Global Solutions Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.31, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hinduja Global Solutions Limited that is less than minus 40 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Hinduja Global Solutions Limited (HGS) delivered so far?
Over the past 5 years revenue at Hinduja Global Solutions Limited grew +10.6 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hinduja Global Solutions Limited (HGS) growing?
The median revenue growth in the sector is +7.0 % a year. That is the yardstick for the growth priced into Hinduja Global Solutions Limited (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hinduja Global Solutions Limited (HGS)?
The free-cash-flow yield on the price is 16.38 %: that much free cash flow Hinduja Global Solutions Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hinduja Global Solutions Limited (HGS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hinduja Global Solutions Limited it is ₹666.80 per share (as of Oct 2, 2026), against a price of ₹367.05. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Hinduja Global Solutions Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, HGS trades below its calculated fair value: price ₹367.05, fair value ₹666.80, a gap of about +82% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HGS?
No. The price is what the market pays today (₹367.05); the fair value is what the company's own numbers justify (₹666.80). For Hinduja Global Solutions Limited the two are ₹299.75 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hinduja Global Solutions Limited worth?
The market values Hinduja Global Solutions Limited at about ₹17.1B (market capitalisation, as of Oct 2, 2026). Per share that is ₹367.05; our models calculate a fair value of ₹666.80 per share.
What do the bullish and bearish scenarios say about HGS?
Our models span a range for Hinduja Global Solutions Limited: cautious scenario ₹437.25, base ₹666.80, optimistic ₹783.14 per share (as of Oct 2, 2026, price ₹367.05). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hinduja Global Solutions Limited (HGS)?
Balance-sheet figures for Hinduja Global Solutions Limited (as of Oct 2, 2026): return on equity −1.8%, debt of 0.03 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is HGS from its 52-week high?
Hinduja Global Solutions Limited trades at ₹367.05, about 30% below its 52-week high of ₹527.09 and 8% above the low of ₹340.24 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹666.80 is for.
Which stocks are comparable to Hinduja Global Solutions Limited?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hinduja Global Solutions Limited stock attractive at the current price?
The data as of Oct 2, 2026: price ₹367.05, calculated fair value ₹666.80 (+82%), Quality Score 52/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HGS calculated?
We run Hinduja Global Solutions Limited through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹666.80, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Hinduja Global Solutions Limited currently trades 45 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hinduja Global Solutions Limited (HGS)?
The closing price on Oct 1, 2026 was ₹367.05. Our model-based fair value is ₹666.80, about +82% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hinduja Global Solutions Limited right now?
The price is below even our cautious bear case (₹437.25). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Hinduja Global Solutions Limited
How large is the market capitalisation of Hinduja Global Solutions Limited (HGS)?
The market capitalisation of Hinduja Global Solutions Limited is ₹17.1B (≈ $177M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hinduja Global Solutions Limited (HGS)?
The price-to-sales ratio of Hinduja Global Solutions Limited is 0.40 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hinduja Global Solutions Limited (HGS)?
Earnings per share at Hinduja Global Solutions Limited are ₹−28.79. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hinduja Global Solutions Limited (HGS)?
The dividend yield of Hinduja Global Solutions Limited is 0.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hinduja Global Solutions Limited (HGS)?
The net margin of Hinduja Global Solutions Limited is 0.7% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hinduja Global Solutions Limited (HGS)?
The return on equity (ROE) of Hinduja Global Solutions Limited is −1.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hinduja Global Solutions Limited (HGS)?
On an EBIT basis the return on assets of Hinduja Global Solutions Limited is −1.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hinduja Global Solutions Limited (HGS)?
The operating margin of Hinduja Global Solutions Limited is −15.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hinduja Global Solutions Limited (HGS)?
Revenue at Hinduja Global Solutions Limited is growing −0.6% versus a year earlier (3y avg −1.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hinduja Global Solutions Limited (HGS)?
Earnings per share at Hinduja Global Solutions Limited are growing −89.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hinduja Global Solutions Limited (HGS) carry?
The net debt of Hinduja Global Solutions Limited is ₹12.8B (fiscal year 2026, ≈ 4.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Hinduja Global Solutions Limited in the live analysis
One click puts Hinduja Global Solutions Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
