Is Hexaware Technologies a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hexaware Technologies Ltd is a good quality company .

Is Hexaware Technologies undervalued or overvalued?

The key valuation ratios of Hexaware Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Hexaware Technologies share price return in the past 10 years?

Data is not available for this company

Is Hexaware Technologies a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Hexaware Technologies Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the P/E ratio of Hexaware Technologies?

The latest standalone P/E ratio of Hexaware Technologies as of 13-Mar-2025 is 59.42.

What is the P/B ratio of Hexaware Technologies?

The latest standalone P/B ratio of Hexaware Technologies as of 13-Mar-2025 is 3.92.

What is the 52-week high and low of Hexaware Technologies?

The 52-week high of Hexaware Technologies is Rs. 850.00 and the 52-week low is Rs. 724.40.

Hexaware Technologies Ltd - Stock Valuation and Financial Performance

Name: Hexaware Technologies
Brand: Hexaware Technologies

BSE: 544362 | NSE: HEXT | IT - Software | Small Cap

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Hexaware Tech. Share Price

₹758.45 -8.20 -1.07%
as on 13-Mar'25 16:59

10 Year X-Ray of Hexaware Tech.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	TTM
ROCE % ⓘ	39.8%	38.1%	36.4%	34.5%	33.7%	33.1%	31%	30.1%	33.2%	33.9%	-
Value Creation Index ⓘ	1.8	1.8	1.7	1.6	1.5	1.5	1.3	1.2	1.5	1.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,155	1,294	1,393	1,524	1,794	2,141	2,428	3,217	4,101	4,985	6,289
Sales YoY Gr.	-	12%	7.7%	9.4%	17.7%	19.3%	13.4%	32.5%	27.5%	21.5%	-
Adj EPS ⓘ	5.6	5.4	5.5	6.3	7.2	8.1	8.5	9	9.6	11.8	12.9
YoY Gr.	-	-3.6%	1.1%	14.6%	14.2%	13.1%	4.7%	5.7%	6.7%	22.7%	-
BVPS (₹) ⓘ	17.2	18	21.5	24.7	27.5	31.3	37.1	43.8	43.1	47	195.8
Adj Net Profit ⓘ	339	328	331	373	426	484	511	542	579	713	784
Cash Flow from Ops. ⓘ	323	288	535	250	339	365	710	995	580	1,255	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	17.7%	22.7%	27.1%	21.5%
Adj EPS ⓘ	8.5%	10.4%	11.4%	22.7%
BVPSⓘ	11.8%	11.3%	8.2%	9%
Share Price	-	19.6%	17.3%	61.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	TTM
Return on Equity % ⓘ	35.2	30.5	27	25.9	26	26.3	24	21.7	21.7	25.7	10.6
Op. Profit Mgn % ⓘ	33.8	33.3	32.5	32.2	31.3	29.7	28.1	24.9	20.5	20.9	19.8
Net Profit Mgn % ⓘ	29.4	25.3	23.8	24.5	23.8	22.6	21	16.8	14.1	14.3	12.5
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	169	189	167	150	165	173	178	138	118	104	129
Cash Conv. Cycle ⓘ	1	30	24	35	69	78	81	57	60	43	74

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 27.10%

Net Profit is growing at healthy rate in last 3 years 11.40%

Sales growth is good in last 4 quarters at 15.61%

Return on Equity has declined versus last 3 years average to 10.60%

Latest Financials - Hexaware Technologies Ltd.

	Standalone	Consolidated
TTM EPS (₹)	12.9	19.4
TTM Sales (₹ Cr.)	6,289	11,974
BVPS (₹.) ⓘ	195.8	232.1
Reserves (₹ Cr.) ⓘ	11,838	14,041
P/BV ⓘ	3.92	3.30
PE ⓘ	59.42	39.60

From the Market
52 Week Low / High (₹)	724.40 / 850.00
All Time Low / High (₹)	1.38 / 850.00
Market Cap (₹ Cr.)	46,589
Equity (₹ Cr.)	60.8
Face Value (₹)	1
Industry PE ⓘ	29.2

Quarterly Results

Standalone Basis

Consolidated Basis

	Jun'24	YoY Gr. Rt. %	Sep'24	YoY Gr. Rt. %	Dec'24	YoY Gr. Rt. %	Mar'25	YoY Gr. Rt. %
Sales (₹ Cr.)ⓘ	0	N/A	0	N/A	0	N/A	0	N/A
Adj EPS (₹) ⓘ	0	N/A	0	N/A	0	N/A	0	N/A
Op. Profit Mgn % ⓘ	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Profit Mgn % ⓘ	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Management X-Ray of Hexaware Tech.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Hexaware Tech.

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

No data found!

Key Ratios of Hexaware Tech.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Sales	1,155	1,294	1,393	1,524	1,794	2,141	2,428	3,217	4,101	4,985
Operating Expenses ⓘ	794	863	940	1,034	1,246	1,506	1,745	2,415	3,263	3,946
Manufacturing Costs	35	52	56	65	69	82	87	114	175	218
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	567	656	718	776	946	1,144	1,374	1,689	2,269	2,529
Other Costs ⓘ	192	156	166	193	230	280	284	612	819	1,199
Operating Profit ⓘ	361	431	453	490	548	635	683	802	839	1,039
Operating Profit Margin (%)	31.3%	33.3%	32.5%	32.2%	30.6%	29.7%	28.1%	24.9%	20.4%	20.8%
Other Income ⓘ	61	19	36	57	54	37	91	68	173	34
Interest ⓘ	1	0	1	1	1	1	29	23	28	26
Depreciation ⓘ	39	41	42	49	49	61	113	120	125	135
Exceptional Items ⓘ	0	0	0	0	0	-1	0	0	0	0
Profit Before Tax ⓘ	382	408	446	497	552	609	631	726	859	913
Tax ⓘ	63	75	95	86	99	102	93	139	169	186
Profit After Tax	318	333	351	411	453	508	538	587	690	727
PAT Margin (%)	27.6%	25.7%	25.2%	27.0%	25.2%	23.7%	22.2%	18.3%	16.8%	14.6%
Adjusted EPS (₹)	5.3	5.5	5.8	6.9	7.6	8.5	9.0	9.7	11.4	12.0
Dividend Payout Ratio (%)	89%	78%	47%	29%	56%	50%	39%	41%	96%	73%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Equity and Liabilities
Shareholders Fund	1,037	1,087	1,299	1,468	1,638	1,871	2,226	2,643	2,604	2,851
Share Capital ⓘ	60	60	60	59	59	60	60	60	60	61
Reserves ⓘ	977	1,026	1,239	1,409	1,578	1,811	2,165	2,583	2,543	2,790
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	171	135	153	82	80	89	190	272	218	453
Others Liabilities ⓘ	232	277	121	89	143	145	491	515	681	716
Total Liabilities ⓘ	1,440	1,499	1,573	1,639	1,860	2,104	2,906	3,431	3,502	4,020
Fixed Assets
Gross Block	544	570	574	696	768	1,028	1,418	1,462	1,583	1,615
Accumulated Depreciation	234	269	306	346	391	446	538	631	748	852
Net Fixed Assetsⓘ	310	301	268	350	378	582	880	831	835	763
CWIP ⓘ	35	111	324	257	225	87	11	13	7	56
Investmentsⓘ	379	243	219	222	200	230	231	577	521	900
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	340	397	273	414	536	654	847	928	1,199	1,129
Cash Equivalents	110	110	220	103	147	82	542	817	681	909
Others Assetsⓘ	266	337	269	293	374	469	395	265	259	262
Total Assets ⓘ	1,440	1,499	1,573	1,639	1,860	2,104	2,906	3,431	3,502	4,020

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Cash Flow From Operating Activity ⓘ	323	288	535	250	339	365	710	995	580	1,255
PBT ⓘ	382	408	446	497	552	609	631	726	859	913
Adjustment ⓘ	84	78	63	69	83	60	109	147	140	162
Changes in Working Capital ⓘ	-64	-112	125	-199	-177	-192	48	239	-259	354
Tax Paid ⓘ	-79	-87	-99	-116	-119	-112	-78	-118	-160	-173
Cash Flow From Investing Activity ⓘ	156	27	-189	-90	-45	-125	2	-396	2	-413
Capex	-26	-100	-205	-89	-55	-97	-47	-52	-83	-51
Net Investments	144	144	22	0	9	10	0	-346	81	-367
Others ⓘ	38	-18	-6	-1	1	-38	49	2	4	6
Cash Flow From Financing Activityⓘ	-536	-314	-249	-280	-250	-305	-250	-325	-716	-614
Net Proceeds from Shares ⓘ	5	3	1	1	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-1	0	0	0	0	0	-7	0	-3	-6
Dividend Paid ⓘ	-540	-317	-251	-143	-251	-305	-209	-241	-664	-531
Others ⓘ	0	0	0	-138	0	0	-35	-84	-49	-77
Net Cash Flow ⓘ	-57	0	97	-119	44	-65	461	274	-134	229

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Ratios
ROE (%)	33.07	31.35	29.46	29.7	29.16	28.93	26.28	24.12	26.3	26.66
ROCE (%)	39.78	38.05	36.38	34.47	33.74	33.1	31.01	30.07	33.16	33.88
Asset Turnover Ratio	0.79	0.88	0.91	0.95	1.03	1.08	0.97	1.02	1.18	1.33
PAT to CFO Conversion(x)	1.02	0.86	1.52	0.61	0.75	0.72	1.32	1.7	0.84	1.73
Working Capital Days
Receivable Days	92	104	88	82	97	102	113	101	95	85
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

Hexaware Technologies Ltd Stock News

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Hexaware Technologies Ltd FAQs

What is the share price of Hexaware Tech.?

Company share prices are keep on changing according to the market conditions. The closing price of Hexaware Tech. on 13-Mar-2025 16:59 is ₹758.5.

What is the market cap of Hexaware Tech.?

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 13-Mar-2025 16:59 the market cap of Hexaware Tech. stood at ₹46,588.9.

What is the P/E ratio of Hexaware Tech.?

The latest P/E ratio of Hexaware Tech. as of 13-Mar-2025 16:59 is 59.42.

What is the P/B ratio of Hexaware Tech.?

The latest P/B ratio of Hexaware Tech. as of 13-Mar-2025 16:59 is 3.92.

What is the 52-week high and low of Hexaware Tech.?

The 52-week high of Hexaware Tech. is ₹850.0 and the 52-week low is ₹724.4.

What is the TTM revenue of Hexaware Tech.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hexaware Tech. is ₹6,289 ( Cr.) .

About Hexaware Technologies Ltd

Hexaware Technologies Limited was incorporated as ‘Aptech Information Systems Limited’, a public limited company under the Companies Act, 1956 on November 20, 1992, pursuant to a certificate of incorporation granted by the Registrar of Companies, Maharashtra at Mumbai (RoC). The company obtained a certificate of commencement of business on December 31, 1992 from the RoC. The name of the company was changed to ‘Aptech Limited’ and a fresh certificate of incorporation dated August 5, 1996 was granted by the RoC. The Equity Shares of the company were listed on BSE and NSE in 1997. The name of the company was subsequently changed to ‘Hexaware Technologies Limited’ pursuant to a fresh certificate of incorporation dated April 2, 2002 granted by the RoC.

Hexaware Technologies is a global digital and technology services company with artificial intelligence (AI) at its core. It leverages technology to deliver innovative solutions that help its customers in their digital transformation journey and subsequent operations. It embeds AI into every aspect of its solutions and have created a suite of platforms and tools that allow its customers to adapt, innovate and optimize in this AI-first era. It manages its business through six operating segments based on the industries it serves: Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation. Its offerings encompass five broad services: Design & Build, Secure & Run, Data & AI, Optimize, and Cloud Services, which form the foundation for its offerings. It delivers its services through its AI-enabled digital platforms such as RapidX for digital transformation, Tensai for AI-powered automation and Amaze for cloud adoption. It serves customers across the Americas, Europe and Asia-Pacific (including India and Middle East) (APAC).

Business area of the company

The company is a global digital and technology services company with artificial intelligence (AI) at its core. It leverages technology to deliver innovative solutions that help customers in their digital transformation journey and subsequent operations. It embeds AI into every aspect of its solutions.

Awards, accreditations and recognition

2025: Recognized as one of the top 25 IT service brands globally by Brand Finance.
2024: Awarded the Top 50 Technology Team Award at the 2024 OnCon Icon Awards
2024: Announced as the Bronze Stevie Winner for the Fastest-Growing Company of the Year in Canada and the USA at the 21st edition of the International Business Awards.
2024: Recognized as one of the Best Tech Brands of 2024 by ET Edge.
2024: Awarded the AI Implementer of the Year Award at the 2024 AIconics Awards USA.
2024: Won the Star of Excellence Award (Universal (Global) Region) at the ISG Star of Excellence 2024 Awards.
2024: Received the 2024 Consulting Partner Marketplace Excellence Award from Guidewire.
2024: Awarded a Silver Medal from EcoVadis
2024: Received leadership positions in ISG Provider Lens 2024 Microsoft Ecosystem, SAP Ecosystem, ServiceNow Ecosystem, Digital Engineering Services, Salesforce Ecosystem Partners and Life Sciences Digital.
2023: Recognized as one of the ‘Best Organizations for Women – 2023’ by the Economic Times.
2023: Received leadership positions in ISG Provider Lens 2023 Life Sciences, Mainframes Services and Solutions, ServiceNow Ecosystem, Salesforce Ecosystem, Microsoft Ecosystem Partners, Engineering Services, SAP Ecosystem, Private Cloud, AWS Ecosystem, Contact Center Customer Experience, Future of Work, Multi Public Cloud Services, Workday Ecosystem, Analytics, Intelligent Automation - Solutions and Services, Oracle Ecosystem and Mainframes -Services and Solutions.
2023: Recognised by the Institute of Company Secretaries of India in the unlisted segment (medium category) at the 23rd ICSI National Awards for Excellence in Corporate Governance for promoting the culture of good governance
2023: Recognized as one of India’s Leading Listed 1000 ESG Entities by Dun & Bradstreet.
2023: Awarded the overall winner - Universal Emerging Technology at the ISG Star of Excellence - 2023 Awards.
2023: Shortlisted as one of the Best Tech Brands for 2023 by ET Edge.
2022: Received leadership positions in ISG Provider Lens 2022 Microsoft Cloud Ecosystem, ServiceNow Ecosystem Partners, Engineering Services, Private Cloud, Salesforce, SAP HANA, Workday Ecosystem, Future of Work, Nex Gen ADM, AWS Ecosystem, Public Cloud, Digital Business Enablement and ESG Services, and Intelligent Automation Services.
2022: Awarded the ISG Star of Excellence Award for the overall winner - Universal Industry and Global Region category.
2022: Accredited as one of the ‘Best Place to Code 2020’ in Mexico from Software Guru.
2022: Awarded the Golden Award at the Eventex Awards 2022 for its virtual customer series - HexaRising Awarded (i) Best Talent Development Strategy of the Year; (ii) Best Organizational Development Program and (iii) Best Capability Development (OD) Programme at the Organisation Development Summit & Awards 2022.
2021: Awarded ‘Excellence in Training & Development Award and Overall Award for Best Result-Based Training’ and ‘Best Enterprise Learning Platform Implementation’ at the World HRD Congress 2021.
2021: Awarded the Golden Peacock National Training Award (2021) in the IT sector.
2021: Awarded Most Inclusive Employer Award at the Sydney Hills Local Business Awards 2021.
2021: Awarded the Brandon Hall Group Silver Award for Best Program for Upskilling Employees 2021 in the future of work category.

History and milestones

1992: The company was incorporated as Aptech Information Systems Limited.
1994: Expanded operations to the U.S. by incorporating its Material Subsidiary, Hexaware Technologies Inc.
1996: The information technology division of Apple Industries Limited was merged with the company (then known as Aptech Information Systems Limited) with effect from July 1, 1995, pursuant to a scheme of arrangement and reconstruction sanctioned by order of the High Court of Judicature at Bombay dated June 19, 1996.
1996: The name of the company was changed to Aptech Limited.
1997: The Equity Shares of the company were listed on BSE and NSE.
1998: Expanded operations to the U.K. by incorporating its Material Subsidiary, Hexaware Technologies UK Limited (originally incorporated as Aptech Worldwide Europe Limited).
2001: The training division of the company (then known as Aptech Limited) was demerged into Aptech Training Limited and the erstwhile Hexaware Technologies Limited was merged with the Company with effect from April 1, 2001, pursuant to a scheme of arrangement and reconstruction sanctioned by order of the High Court of Judicature at Bombay dated November 9, 2001.
2002: The name of the company was changed to Hexaware Technologies Limited.
2013: HT Global IT Solutions Holdings Limited and Parel Investment Holdings Limited (affiliates of erstwhile Baring Private Equity Asia) acquired 70.87% of its share capital via on open offer under the SEBI Takeover Regulations and became the promoters of the company.
2019: Acquisition of Mobiquity Inc. by its Material Subsidiary, Hexaware Technologies Inc.
2020: Voluntary delisting of its equity shares from the BSE and the NSE.
2020: Launch of Amaze (a cloud migration, cloud transformation, data and application modernization platform).
2021: Launch of Tensai (an automation platform designed to transform enterprise IT processes and enable secure, rapid and automated release of code; efficient and AI-driven operations).
2021: CA Magnum Holdings, its Promoter, acquired 95.51% of the shareholding of the Company from HT Global IT Solutions Holdings Limited.
2022: Launch of RapidX (a Gen AI-based platform for modern software engineering).
2024: Acquisition of Softcrylic LLC and Softcrylic Technology Solutions India Private Limited by the company.