BPO/ITeS · Founded 1989 · www.hgmlimited.com · BSE 532761 · NSE HGM · ISIN INE596H01014
No Notes Added Yet
Business
HandsOn Global Management (HGM) Ltd. operates in the Business Process Outsourcing (BPO) and IT-enabled Services (ITeS) sector in India. The company's core business model involves providing outsourced services to clients, typically to manage non-core business functions, improve operational efficiency, and reduce costs. This can include a wide range of services such as customer support, back-office operations, data processing, technical support, and other IT-enabled functions. HGM likely makes money through service contracts, project-based fees, or by billing clients based on the number of full-time equivalents (FTEs) dedicated to their projects.
Revenue Mix
Specific key segments and their revenue contribution for HGM are not provided. In the broader BPO/ITeS industry, typical segments include customer interaction services, finance and accounting, human resources outsourcing, data entry and processing, and industry-specific back-office services. Without further information, it is not possible to detail HGM's specific segment breakdown.
Industry
The BPO/ITeS industry in India is highly competitive, characterized by a mix of large global players, established Indian IT services companies with BPO arms, and numerous mid-sized to niche service providers. The industry is driven by factors such as global demand for cost-efficient services, access to a skilled talent pool, and the ongoing trend of digital transformation. Without specific operational details or market share data for HGM, its exact positioning relative to peers (e.g., broad-based provider, niche specialist, tier-1/2/3 player) cannot be determined. It likely competes on a combination of cost, quality, and specific service offerings.
MOAT
Specific competitive advantages for HGM are not provided. However, typical moats in the BPO/ITeS sector include:
Scale: Achieving cost efficiencies through large-scale operations.
Specialized Domain Expertise: Deep knowledge in specific industries or process areas.
Client Stickiness/Switching Costs: Long-term contracts and integration with client systems make switching providers costly and disruptive.
Talent Pool & Training: Ability to attract, train, and retain a large, skilled workforce, especially in cost-effective locations.
Proprietary Technology/Platforms: Use of advanced automation, AI, or analytics platforms to deliver superior services.
Whether HGM possesses any of these durable advantages is unknown without further information.
Growth Drivers
Key factors that can drive growth for HGM over the next 3-5 years, common to the BPO/ITeS sector in India, include:
Increased Outsourcing Penetration: Companies globally continue to look for ways to optimize costs and focus on core competencies by outsourcing non-core functions.
Digital Transformation Initiatives: Growing demand for services that leverage automation, artificial intelligence, machine learning, and cloud technologies.
Expansion into New Geographies/Vertica: Tapping into underserved markets or specialized industry sectors.
Demand for Niche Services: Growth in demand for highly specialized services like analytics, cybersecurity support, or legal process outsourcing (LPO).
Talent Availability: India's large pool of educated, English-speaking graduates continues to be an attractive factor for global companies.
Risks
Key business risks for HGM, typical of the Indian BPO/ITeS industry, include:
Intense Competition: Highly fragmented market leading to pricing pressures and margin compression.
Talent Attrition & Wage Inflation: High demand for skilled labor can lead to increased employee turnover and rising wage costs.
Currency Fluctuations: Exposure to foreign exchange rate volatility, especially for revenue denominated in foreign currencies.
Technological Disruption: Rapid advancements in automation and AI could reduce demand for traditional, repetitive BPO tasks.
Data Security & Privacy Concerns: Increasing regulatory scrutiny and client expectations regarding data protection.
Geopolitical and Economic Instability: Global economic slowdowns or geopolitical events can impact client spending and demand for outsourcing.
Client Concentration: Over-reliance on a few large clients could pose a significant risk if one contract is lost or reduced.
Management & Ownership
Specific details about the promoters, management quality, or ownership structure of HandsOn Global Management (HGM) Ltd. are not provided. In India, many companies are promoter-led, and the vision and execution capabilities of the founding family or professional management team are crucial for long-term success. The ownership structure often includes a significant promoter holding, institutional investors, and public shareholders. Without specific data, it's not possible to comment on HGM's particular setup or the quality of its management.
Outlook
The outlook for HGM, within the broader context of the Indian BPO/ITeS sector, presents a balanced view. The industry continues to benefit from strong global demand for outsourcing, digital transformation tailwinds, and India's competitive advantages in talent and cost. This provides a favorable environment for companies like HGM to grow by expanding services, client base, and technological capabilities.
However, the sector faces significant headwinds including intense competition, the ongoing challenge of talent acquisition and retention, and the need to continuously innovate and adapt to technological advancements (such as AI and automation) to remain relevant and competitive. Companies that can differentiate themselves through specialized services, strong client relationships, and efficient operational models are better positioned for sustainable growth, while those unable to adapt may face margin pressure and slower growth.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 4 | 6 | 6 | 6 | 6 | 14 | 19 | 14 | 13 | 11 |
| Other Income | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 0 |
| Total Income | 5 | 6 | 6 | 7 | 6 | 14 | 20 | 15 | 14 | 11 |
| Total Expenditure | 3 | 5 | 5 | 5 | 4 | 11 | 18 | 17 | 15 | 12 |
| Operating Profit | 1 | 1 | 1 | 2 | 1 | 3 | 2 | -2 | -1 | -1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 1 | 1 | 1 | 1 | 2 | 1 | -3 | -2 | -2 |
| Provision for Tax | 0 | 0 | 0 | 0 | -0 | 1 | 1 | 0 | 0 | -0 |
| Profit After Tax | 1 | 1 | 1 | 1 | 1 | 2 | 0 | -3 | -2 | -2 |
| Adjustments | -0 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -0 | -0 |
| Profit After Adjustments | 1 | 1 | 1 | 1 | 1 | 2 | 0 | -3 | -2 | -2 |
| Adjusted Earnings Per Share | 0.6 | 0.6 | 0.6 | 1.1 | 1.1 | 1.4 | 0.4 | -2.5 | -1.7 | -1.6 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 15 | 15 | 14 | 11 | 11 | 10 | 10 | 12 | 16 | 22 | 59 | 57 |
| Other Income | 2 | 2 | 5 | 2 | 2 | 2 | 2 | 4 | 2 | 2 | 4 | 3 |
| Total Income | 17 | 17 | 19 | 12 | 13 | 12 | 12 | 16 | 18 | 25 | 63 | 60 |
| Total Expenditure | 15 | 16 | 14 | 10 | 10 | 7 | 8 | 10 | 14 | 19 | 61 | 62 |
| Operating Profit | 2 | 2 | 5 | 2 | 3 | 4 | 4 | 6 | 4 | 6 | 2 | -2 |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 |
| Exceptional Income / Expenses | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | -0 | 3 | 1 | 1 | 3 | 3 | 5 | 4 | 5 | -1 | -6 |
| Provision for Tax | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Profit After Tax | -1 | -1 | 2 | 0 | 1 | 2 | 2 | 4 | 3 | 4 | -3 | -7 |
| Adjustments | -275 | -145 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 0 |
| Profit After Adjustments | -276 | -146 | 2 | 0 | 1 | 3 | 2 | 5 | 3 | 4 | -3 | -7 |
| Adjusted Earnings Per Share | -219.9 | -116.1 | 1.9 | 0.1 | 0.5 | 2 | 1.7 | 3.6 | 2.1 | 3.3 | -2.4 | -5.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 168% | 70% | 43% | 15% |
| Operating Profit CAGR | -67% | -31% | -13% | 0% |
| PAT CAGR | -175% | NAN% | NAN% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -45% | -8% | -5% | -9% |
| ROE Average | -14% | 5% | 7% | 4% |
| ROCE Average | -0% | 12% | 13% | 6% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 337 | 34 | 716 | 444 | 34 | 96 | 30 | 23 | 23 | 24 | 20 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 6 | 5 | 4 | 3 | 2 | 1 | 0 | 0 | 0 | 0 | 15 |
| Other Non-Current Liabilities | -0 | -2 | 285 | 157 | -1 | 5 | 1 | 0 | 0 | 0 | 5 |
| Total Current Liabilities | 15 | 13 | 4 | 5 | 16 | 15 | 14 | 15 | 13 | 16 | 33 |
| Total Liabilities | 358 | 51 | 1010 | 608 | 50 | 116 | 45 | 38 | 36 | 41 | 74 |
| Fixed Assets | 3 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 27 |
| Other Non-Current Assets | 335 | 31 | 997 | 596 | 38 | 102 | 31 | 19 | 14 | 14 | 9 |
| Total Current Assets | 20 | 17 | 11 | 12 | 11 | 13 | 11 | 16 | 21 | 25 | 38 |
| Total Assets | 358 | 51 | 1010 | 608 | 50 | 116 | 45 | 38 | 36 | 41 | 74 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 1 | 2 | 5 | 7 | 2 | 2 | 1 | 5 | 4 | 5 |
| Cash Flow from Operating Activities | -1 | 1 | 10 | 3 | -3 | 2 | -0 | 2 | -3 | -1 | -4 |
| Cash Flow from Investing Activities | 2 | 1 | 1 | 1 | -10 | 1 | 1 | 2 | 4 | 1 | 0 |
| Cash Flow from Financing Activities | -1 | -1 | -8 | -1 | 8 | -2 | -2 | -1 | -1 | -1 | 6 |
| Net Cash Inflow / Outflow | -0 | 1 | 3 | 2 | -4 | 0 | -1 | 3 | -0 | -0 | 2 |
| Closing Cash & Cash Equivalent | 1 | 2 | 5 | 7 | 2 | 2 | 1 | 5 | 4 | 4 | 6 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -219.94 | -116.14 | 1.9 | 0.14 | 0.53 | 2.04 | 1.71 | 3.63 | 2.13 | 3.35 | -2.42 |
| CEPS(Rs) | 0.29 | -0.1 | 2.75 | 0.56 | 0.97 | 2.4 | 2.2 | 4.04 | 2.6 | 4.15 | -0.34 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 269.26 | 27.16 | 571.4 | 352.39 | 26.8 | 76.21 | 23.78 | 17.94 | 18.14 | 19.1 | 16.19 |
| Core EBITDA Margin(%) | 0.65 | -0.71 | 0.09 | 0.66 | 11.68 | 22.32 | 21.8 | 18.36 | 15.54 | 15.56 | -1.97 |
| EBIT Margin(%) | 8.67 | 6.52 | 29.38 | 11.76 | 23.23 | 36.76 | 32.19 | 46.67 | 23.49 | 22.11 | -0.22 |
| Pre Tax Margin(%) | -1.18 | -2.53 | 22.64 | 6.55 | 13.06 | 32.57 | 29.93 | 45.22 | 22.68 | 21.34 | -2.05 |
| PAT Margin (%) | -4.08 | -6.35 | 17.49 | 1.67 | 5.9 | 24.8 | 21.29 | 37.19 | 16.43 | 18.8 | -5.12 |
| Cash Profit Margin (%) | 2.36 | -0.81 | 25.33 | 6.65 | 10.78 | 31.26 | 27.49 | 42.21 | 20.34 | 23.25 | -0.71 |
| ROA(%) | -0.13 | -0.48 | 0.45 | 0.02 | 0.2 | 2.87 | 2.66 | 10.85 | 7.17 | 10.99 | -5.32 |
| ROE(%) | -0.13 | -0.53 | 0.63 | 0.03 | 0.28 | 3.69 | 3.4 | 17.07 | 11.66 | 18.01 | -13.71 |
| ROCE(%) | 0.28 | 0.51 | 1.04 | 0.21 | 1.09 | 5.22 | 5 | 20.82 | 16.41 | 20.72 | -0.42 |
| Receivable days | 114.66 | 113.27 | 116.09 | 123.34 | 138.62 | 203.54 | 184.13 | 171 | 162.71 | 191.8 | 132.27 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 0 | 121.82 | 911.11 | 43.57 | 29.22 | 25.61 | 11.55 | 26.87 | 13.44 | 0 |
| Price/Book(x) | 0.29 | 6.57 | 0.4 | 0.36 | 0.87 | 0.78 | 1.84 | 2.34 | 3.16 | 2.36 | 2.81 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 6.68 | 14.61 | 21.26 | 14.9 | 2.57 | 7.32 | 5.11 | 3.67 | 3.82 | 2.22 | 1.15 |
| EV/Core EBITDA(x) | 44.22 | 121.24 | 57.07 | 89.01 | 9.13 | 16.94 | 13.32 | 7.1 | 13.93 | 8.35 | 27.48 |
| Net Sales Growth(%) | -7.64 | 1.86 | -11.88 | -22.47 | 7.79 | -15.05 | 4.17 | 19.85 | 33.75 | 39.35 | 164.72 |
| EBIT Growth(%) | 204.71 | -23.41 | 297.21 | -68.95 | 112.84 | 34.44 | -8.77 | 73.74 | -32.69 | 31.18 | -102.65 |
| PAT Growth(%) | 75.1 | -58.56 | 342.82 | -92.62 | 281.78 | 257.14 | -10.55 | 109.32 | -40.92 | 59.46 | -172.17 |
| EPS Growth(%) | -77.2 | 47.19 | 101.63 | -92.65 | 281.72 | 283.74 | -16.5 | 112.63 | -41.21 | 56.99 | -172.42 |
| Debt/Equity(x) | 0.04 | 0.38 | 0.01 | 0.01 | 0.11 | 0.03 | 0.04 | 0.02 | 0.02 | 0.03 | 0.88 |
| Current Ratio(x) | 1.36 | 1.32 | 2.87 | 2.43 | 0.7 | 0.91 | 0.79 | 1.11 | 1.59 | 1.54 | 1.15 |
| Quick Ratio(x) | 1.36 | 1.32 | 2.87 | 2.43 | 0.7 | 0.91 | 0.79 | 1.11 | 1.59 | 1.54 | 1.15 |
| Interest Cover(x) | 0.88 | 0.72 | 4.36 | 2.26 | 2.29 | 8.77 | 14.2 | 32.17 | 29 | 28.88 | -0.12 |
| Total Debt/Mcap(x) | 0.14 | 0.06 | 0.02 | 0.03 | 0.12 | 0.03 | 0.02 | 0.01 | 0 | 0.01 | 0.31 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 50.42 | 50.42 | 50.42 | 50.42 | 50.42 | 50.42 | 50.42 | 50.42 | 50.42 | 43.95 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 49.58 | 49.58 | 49.58 | 49.58 | 49.58 | 49.58 | 49.58 | 49.58 | 49.58 | 56.05 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.55 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.71 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +168% | +70% | +43% | +15% |
| Operating Profit CAGR | -67% | -31% | -13% | 0% |
| PAT CAGR | -175% | 0% | 0% | — |
| Share Price CAGR | -45% | -8% | -5% | -9% |
| ROE Average | -14% | +5% | +7% | +4% |
| ROCE Average | 0% | +12% | +13% | +6% |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 50.42 | 50.42 | 50.42 | 50.42 | 50.42 | 50.42 | 50.42 | 50.42 | 50.42 | 43.95 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 49.58 | 49.58 | 49.58 | 49.58 | 49.58 | 49.58 | 49.58 | 49.58 | 49.58 | 56.05 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.55 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.71 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 |
* The pros and cons are machine generated.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.
Your relationship manager will connect with you shortly.