Pune-based software and IT-enabled-services (BPO) provider, recently renamed from HOV Services and now building a U.S. healthcare-services platform via acquisitions.
Price
Market Cap
Sector
Information Technology
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 21 | 83 | 17 | 10 | 10 | 11 | 11 | 25 |
| Borrowings | 4 | 3 | 3 | 1 | 1 | 1 | 24 | 8 |
| Other Liabilities | 14 | 17 | 12 | 14 | 12 | 14 | 30 | 7 |
| Total Liabilities | 52 | 116 | 45 | 38 | 36 | 40 | 78 | 52 |
| AssetsFixed Assets | 10 | 10 | 11 | 10 | 10 | 9 | 35 | 17 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 27 | 92 | 18 | 7 | 5 | 2 | 0 | 0 |
| Other Assets | 15 | 14 | 16 | 20 | 21 | 28 | 43 | 35 |
| Total Assets | 52 | 116 | 45 | 38 | 36 | 40 | 78 | 52 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 3 | -3 | 2 | -0 | 2 | -3 | -1 | -4 |
| Cash from Investing | 1 | -11 | 1 | 1 | 3 | 3 | 2 | 0 |
| Cash from Financing | -1 | 8 | -2 | -2 | -1 | -0 | -1 | 6 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 3 | -3 | 2 | -0 | 2 | -3 | -1 | -6 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
HGM · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.