HEXT

OVERVALUED

Hexaware Technologies Limited

IT · NSE

37.0% vs fair value

52W Low

400

+12.4% from low

52W High

900

-50.0% from high

News sentiment (2 articles)
0 bull1 neutral1 bear

Valuation Gauge

OVERVALUED-37.0% Margin of Safety
OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹450

Fair Value

₹328

Fair Value Analysis

₹328

Based on free cash flow projections and earnings growth potential for IT sector companies

Medium confidence

Cash Flow Analysis

50% weight

₹207

Growth Valuation

50% weight

₹450

Price vs Market

HEXT
Nifty 50

Shareholding Pattern

Stock Health Score

A

Financially Strong

9.1 / 10

Profitability

10/10

ROE of 23.5% is above the IT sector benchmark of 20% — strong returns

Debt & Leverage

10/10

D/E ratio of 0.1x is well within the IT sector norm of 0.8x — strong balance sheet

Valuation vs Peers

10/10

P/E of 19.8x trades at a 63% discount to IT sector median (53x) — attractively valued

Cash Flow

8/10

FCF margin of 11.7% — strong cash generation (₹1,572 Cr)

Earnings Growth

8/10

5yr EPS CAGR of 15.7% is in line with the IT sector average of 14.2%

Dividend

9/10

Dividend yield of 5.2% provides strong shareholder returns (benchmark: 1.5%)

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

2.7%

Free cash flow / market cap

Operating Cash Flow

₹1.7K Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹22.5

P/E Ratio

19.8x

P/B Ratio

4.3x

ROE

23.5%

ROCE

24.7%

Debt / Equity

0.11x

Beta

Div Yield

5.1%

FCF (Cr)

₹1,572 Cr

Revenue (Cr)

₹13,430 Cr

EPS Growth 5Y

15.7%

Mkt Cap (Cr)

₹27,052 Cr

52W High

₹900

52W Low

₹400.2

Book Value/Share

₹103.4

Financial History

PeriodRevenueOp ProfitOPM%PATEPS
2025-12-31₹13.4K Cr₹1.9K Cr14.0%₹1.4K Cr₹22.41
2024-12-31₹12.0K Cr₹1.8K Cr15.0%₹1.2K Cr₹19.36
2023-12-31₹10.4K Cr₹1.6K Cr15.0%₹998 Cr₹33.22
2022-12-31₹9.2K Cr₹1.2K Cr13.0%₹884 Cr₹29.44
2021-12-31₹7.2K Cr₹1.1K Cr16.0%₹749 Cr₹24.93
2020-12-31₹6.3K Cr₹1.1K Cr17.0%₹622 Cr₹20.69
2019-12-31₹5.6K Cr₹881 Cr16.0%₹641 Cr₹21.49
2018-12-31₹4.6K Cr₹736 Cr16.0%₹583 Cr₹19.62
2017-12-31₹3.9K Cr₹656 Cr17.0%₹500 Cr₹16.83
2016-12-31₹3.5K Cr₹577 Cr16.0%₹419 Cr₹13.88
2015-12-31₹3.1K Cr₹545 Cr17.0%₹393 Cr₹13.04
2014-12-31₹2.6K Cr₹448 Cr17.0%₹320 Cr₹10.64

Compounded Growth Rates

Sales Growth

3Y+13.4%
5Y+16.5%
10Y+15.7%

Profit Growth

3Y+15.7%
5Y+17.1%
10Y+13.3%

EPS Growth

3Y-8.7%
5Y+1.6%
10Y+5.6%

Peer Comparison

IT
StockPriceFair ValueMoS%P/EROESignal

Dolat Algotech Limited

₹72₹550.4+86.9%10.320.4%UNDERVALUED

Ceinsys Tech Limited

₹995₹4,355.2+77.2%16.525.5%UNDERVALUED

Shilchar Technologies Limited

₹4,058.1₹14,624.9+72.3%24.643.9%UNDERVALUED

Kellton Tech Solutions Limited

₹15.2₹50.5+70.0%8.712.7%UNDERVALUED

Onward Technologies Limited

₹232₹669.5+65.3%11.619.3%UNDERVALUED

Radhika Jeweltech Limited

₹57.9₹159.1+63.6%8.318.7%UNDERVALUED

Cigniti Technologies Limited

₹1,202.5₹2,990.5+59.8%1126.8%UNDERVALUED

Ducon Infratechnologies Limited

₹3.3₹6.6+49.2%7.710.1%UNDERVALUED

Institutional Activity

Bulk deals, block deals, short selling & delivery volume — NSE data

Insider Trading

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