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    Hexaware Technologies Limited

    Global IT services company delivering digital engineering, IT operations, and BPS to enterprises worldwide.

    Information Technology
    Information Technology
    View HEXT earnings calls
    ₹570.2
    +10.85% from avg

    Overview

    Price

    ₹570.2

    Market Cap

    ₹34.4k Cr

    Sector

    Information Technology

    Information Technology

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital6060606061616161
    Reserves1.9k2.2k2.6k2.6k2.8k3.1k5.7k3.2k
    Borrowings002380240404582435
    Other Liabilities3087526539721.1k1.8k2.9k1.9k
    Total Liabilities2.3k3.1k3.6k3.6k4.2k5.4k9.3k5.5k
    AssetsFixed Assets5828808318357638783.7k1.0k
    CWIP87111375612915950
    Investments2302315775219001.6k01.5k
    Other Assets1.4k1.9k2.1k2.3k2.4k2.8k5.4k2.9k
    Total Assets2.3k3.1k3.6k3.6k4.2k5.4k9.3k5.5k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating3393657109955801.3k9181.1k
    Cash from Investing-45-1251-3920-413-413-409
    Cash from Financing-250-305-250-325-716-614-627-761
    SummaryCapital Expenditure
    Free Cash Flow2852686629434971.2k811939
    FCF Margin

    Valuation

    Assumptions

    Current — HEXT
    Price
    ₹570
    EPS (TTM)
    ₹12.28
    PE (TTM)
    46.5
    Profit growth
    -8.7%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (51.9×) and current (46.5×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹570
    vs
    Fair value · 15% return
    ₹141
    75%Overvalued

    At -8.7% growth and a 46× exit, ₹570 only delivers your return if you pay ₹141. The price is currently baking in 18% growth.

    EPS grows -8.7%/yr for 5 years, then fades to 6% over 2, exits at 46×.

    YearGrowthEPS (₹)
    FY27-8.7%11.21
    FY28-8.7%10.24
    FY29-8.7%9.35
    FY30-8.7%8.53
    FY31-8.7%7.79
    FY32-1.3% ·fade7.69
    FY336.0% ·fade8.15

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Hexaware Technologies Limited

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