āagmanLoginNot investment advice. Data and computed figures, for information only.
Hexaware Technologies Ltd
₹582.75
+₹6.95 (+1.21%)
NSE · 16 Oct 2026, close
Market Cap
₹32,903 Cr
CMP
₹582.75
52-wk High / Low
₹808 / 400
P/E
23.2
P/B
4.9
Book Value
₹110.0
Div Yield
2.14%
ROCE
30.0%
ROE
24.9%
Face Value
₹1
D/E
0.11
Price−17.6% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
1
/ 9
1 of 9 F-score tests passed
Graham Number
₹236
√(22.5 × EPS × book value per share)
ROIC
17.6%
vs 13.5% sector median
Cash flow to profit
1.27
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+335
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
12.5%
ROE × earnings retention ratio
ROE stability
0.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −1.01DII +1.02
Latest quarter vs the previous one
Cash-accrual divergence
−3.7%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 27% vs the 2021 sector median of 25.5%)
+Price trades above its 200-day moving average (1.1x)
+Promoter holding rose by 11.9pp over the last year
+PE of 23.2x is below the sector median of 24.0x
Watch-outs
−Piotroski F-Score of 1/9 is in the weak band (≤3)
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Jun 2020 | Sep 2020 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,569 | 1,586 | 2,616 | 2,749 | 2,936 | 3,136 | 3,154 | 3,208 | 3,261 | 3,484 | 3,478 | 3,613 | 3,845 |
| Expenses | 1,298 | 1,308 | 2,285 | 2,331 | 2,504 | 2,645 | 2,664 | 2,680 | 2,856 | 2,882 | 3,100 | 3,042 | 3,240 |
| Operating Profit | 271 | 277 | 331 | 418 | 431 | 491 | 490 | 528 | 404 | 601 | 378 | 571 | 605 |
| OPM % | 17.3% | 17.5% | 12.7% | 15.2% | 14.7% | 15.7% | 15.5% | 16.5% | 12.4% | 17.3% | 10.9% | 15.8% | 15.7% |
| Other Income | −4 | −6 | 10 | 10 | 30 | 11 | 24 | 4 | 160 | 10 | 102 | 22 | −50 |
| Interest | 15 | 13 | 7 | 10 | 12 | 23 | 21 | 22 | 21 | 26 | 31 | 29 | 33 |
| Depreciation | 64 | 57 | 94 | 60 | 69 | 74 | 76 | 74 | 75 | 89 | 124 | 91 | 82 |
| Profit before tax | 189 | 201 | 240 | 358 | 380 | 406 | 417 | 436 | 468 | 497 | 326 | 473 | 441 |
| Net Profit | 152 | 163 | 193 | 279 | 275 | 300 | 321 | 327 | 380 | 370 | 292 | 352 | 330 |
| EPS (₹) | 5.10 | 5.42 | 6.42 | 9.31 | 4.53 | 4.98 | 5.25 | 5.38 | 6.24 | 6.08 | 4.78 | 5.75 | 5.40 |
Profit & Loss
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | Jun 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,582 | 3,124 | 3,535 | 3,942 | 4,648 | 5,583 | 6,262 | 7,178 | 9,200 | 10,380 | 11,974 | 13,430 | 13,836 | — | 14,420 |
| Expenses | 2,134 | 2,579 | 2,958 | 3,286 | 3,911 | 4,701 | 5,212 | 6,042 | 7,974 | 8,809 | 10,139 | 11,514 | 11,881 | — | 12,265 |
| Operating Profit | 448 | 545 | 577 | 656 | 736 | 881 | 1,050 | 1,136 | 1,226 | 1,572 | 1,835 | 1,917 | 1,954 | — | 2,155 |
| OPM % | 17.4% | 17.4% | 16.3% | 16.6% | 15.8% | 15.8% | 16.8% | 15.8% | 13.3% | 15.1% | 15.3% | 14.3% | 14.1% | — | 14.9% |
| Other Income | 16 | 9 | 40 | 49 | 58 | 12 | 35 | 67 | 179 | 22 | 75 | 277 | 294 | — | 84 |
| Interest | 2 | 1 | 1 | 2 | 3 | 10 | 52 | 37 | 38 | 42 | 71 | 106 | 107 | — | 119 |
| Depreciation | 44 | 48 | 55 | 63 | 65 | 103 | 232 | 224 | 244 | 284 | 279 | 361 | 378 | — | 385 |
| Profit before tax | 418 | 505 | 560 | 641 | 727 | 779 | 800 | 941 | 1,123 | 1,268 | 1,560 | 1,727 | 1,763 | — | 1,736 |
| Net Profit | 320 | 393 | 419 | 500 | 583 | 641 | 622 | 749 | 884 | 998 | 1,174 | 1,368 | 1,393 | — | 1,343 |
| EPS (₹) | 10.64 | 13.04 | 13.88 | 16.83 | 19.62 | 21.49 | 20.69 | 24.93 | 29.44 | 33.22 | 19.36 | 22.41 | 22.85 | — | 22.01 |
Balance Sheet
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | Mar 2026 | Jun 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 60 | 60 | 60 | 59 | 59 | 60 | 60 | 60 | 60 | 61 | 61 | 61 | — | 61 | — |
| Reserves | 1,230 | 1,373 | 1,681 | 1,948 | 2,332 | 2,706 | 3,176 | 3,728 | 4,063 | 4,574 | 5,296 | 6,255 | — | 6,651 | — |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 143 | 236 | 50 | 456 | 394 | 574 | 681 | — | 683 | — |
| Other Liabilities | 463 | 587 | 570 | 538 | 742 | 1,260 | 1,666 | 1,836 | 1,934 | 2,173 | 3,063 | 3,906 | — | 4,181 | — |
| Total Liabilities | 1,754 | 2,021 | 2,311 | 2,545 | 3,133 | 4,169 | 5,138 | 5,674 | 6,514 | 7,202 | 8,994 | 10,902 | — | 11,576 | — |
| Fixed Assets | 514 | 533 | 479 | 541 | 574 | 2,038 | 2,478 | 2,391 | 2,588 | 2,454 | 3,760 | 5,130 | — | 5,473 | — |
| CWIP | 35 | 116 | 323 | 256 | 224 | 86 | 10 | 12 | 6 | 55 | 131 | 50 | — | 52 | — |
| Investments | 186 | 41 | 21 | 21 | 13 | 3 | 0 | 123 | 0 | 251 | 0 | 145 | — | 0 | — |
| Other Assets | 1,019 | 1,330 | 1,488 | 1,726 | 2,322 | 2,042 | 2,649 | 3,148 | 3,920 | 4,442 | 5,104 | 5,577 | — | 6,051 | — |
| Total Assets | 1,754 | 2,021 | 2,311 | 2,545 | 3,133 | 4,169 | 5,138 | 5,674 | 6,514 | 7,202 | 8,994 | 10,902 | — | 11,576 | — |
Cash Flows
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 413 | 393 | 473 | 476 | 549 | 596 | 1,438 | 980 | 821 | 1,516 | 1,548 | 1,739 |
| Cash from Investing Activity | 119 | 14 | −197 | −95 | −8 | −1,001 | −416 | −210 | 13 | −284 | −663 | −914 |
| Cash from Financing Activity | −535 | −314 | −249 | −280 | −250 | −169 | −242 | −602 | −721 | −750 | −682 | −831 |
| Net Cash Flow | −3 | 93 | 26 | 102 | 290 | −573 | 780 | 167 | 113 | 482 | 203 | −6 |
Ratios
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 34.0 | 37.0 | 35.0 | 34.0 | 33.0 | 30.0 | 27.0 | 27.0 | 28.0 | 27.0 | 30.0 | 30.0 |
| ROE % | — | — | — | — | — | — | — | — | — | — | — | 24.9 |
| EPS (₹) | 10.64 | 13.04 | 13.88 | 16.83 | 19.62 | 21.49 | 20.69 | 24.93 | 29.44 | 33.22 | 19.36 | 22.41 |
| Book Value (₹) | — | — | — | — | — | — | — | — | — | — | — | 110.0 |
| Face Value (₹) | — | — | — | — | — | — | — | — | — | — | — | 1 |
| P/E | — | — | — | — | — | — | — | — | — | — | — | 23.2 |
| Div Yield % | — | — | — | — | — | — | — | — | — | — | — | 2.14 |
| NPM % | 12.3 | 12.5 | 11.7 | 12.5 | 12.4 | 11.5 | 9.9 | 10.3 | 9.4 | 9.6 | 9.7 | 10.0 |
| OPM % | 17.0 | 17.0 | 16.0 | 17.0 | 16.0 | 16.0 | 17.0 | 16.0 | 13.0 | 15.0 | 15.0 | 14.0 |
| D/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.07 | 0.01 | 0.11 | 0.09 | 0.11 | 0.11 |
| P/B | — | — | — | — | — | — | — | — | — | — | — | 4.9 |
Growth
Compounded sales growth
10 years+16.0%
5 years+16.0%
3 years+13.0%
TTM+13.0%
Compounded profit growth
10 years+14.0%
5 years+18.0%
3 years+18.0%
TTM+7.0%
Stock price CAGR
10 years+11.0%
Last year−25.0%
Return on equity
10 years24.0%
5 years23.0%
3 years24.0%
Last year25.0%
Documents
Announcements
Restated And Amended Trust DeedScrutinizer''s Report On Postal BallotHexaware Becomes A Preferred Partner In The Claude Partner Network, Bringing Claude To The Core Of Its AI-Native PlatformsHexaware Positioned As A Visionary In The 2026 Gartner® Magic Quadrant™ For Custom Software Development ServicesHexaware As A Best Firm For FDE Talent To Work For Certified By Analytics India MagazineCorporate actions
5 May 2026DIVIDENDInterim Dividend - Rs 8.50 Per Share—
10 Oct 2025DIVIDENDInterim Dividend - Rs 5.75 Per Share—
15 Apr 2025DIVIDENDInterim Dividend - Rs 5.75 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman