Hinduja Global Solutions Limited (HGS) - Net Assets

Latest as of March 2026: Rs84.36 Billion INR ≈ $912.33 Million USD

Based on the latest financial reports, Hinduja Global Solutions Limited (HGS) has net assets worth Rs84.36 Billion INR (≈ $912.33 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs115.64 Billion ≈ $1.25 Billion USD) and total liabilities (Rs31.28 Billion ≈ $338.23 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check HGS tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs84.36 Billion
% of Total Assets	72.95%
Annual Growth Rate	109.15%
5-Year Change	2.51%
10-Year Change	531.07%
Growth Volatility	2218886.43

Hinduja Global Solutions Limited - Net Assets Trend (2007–2026)

This chart illustrates how Hinduja Global Solutions Limited's net assets have evolved over time, based on quarterly financial data. See how many days can Hinduja Global Solutions Limited fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Hinduja Global Solutions Limited (2007–2026)

The table below shows the annual net assets of Hinduja Global Solutions Limited from 2007 to 2026. For live valuation and market cap data, see HGS company net worth.

Year	Net Assets	Change
2026-03-31	Rs84.36 Billion ≈ $912.33 Million	+7.40%
2025-03-31	Rs78.55 Billion ≈ $849.47 Million	+2.78%
2024-03-31	Rs76.42 Billion ≈ $826.50 Million	-12.18%
2023-03-31	Rs87.02 Billion ≈ $941.12 Million	+5.74%
2022-03-31	Rs82.30 Billion ≈ $890.01 Million	+294.74%
2021-03-31	Rs20.85 Billion ≈ $225.47 Million	+20.39%
2020-03-31	Rs17.32 Billion ≈ $187.29 Million	+4.89%
2019-03-31	Rs16.51 Billion ≈ $178.57 Million	+8.72%
2018-03-31	Rs15.19 Billion ≈ $164.25 Million	+13.61%
2017-03-31	Rs13.37 Billion ≈ $144.57 Million	+12.53%
2016-03-31	Rs11.88 Billion ≈ $128.47 Million	+10.59%
2015-03-31	Rs10.74 Billion ≈ $116.17 Million	-26.02%
2014-03-31	Rs14.52 Billion ≈ $157.04 Million	+17.53%
2013-03-31	Rs12.35 Billion ≈ $133.61 Million	+8.54%
2012-03-31	Rs11.38 Billion ≈ $123.10 Million	+13.96%
2011-03-31	Rs9.99 Billion ≈ $108.02 Million	+5.24%
2010-03-31	Rs9.49 Billion ≈ $102.64 Million	+9936958.02%
2009-03-31	Rs95.51K ≈ $1.03K	+29.62%
2008-03-31	Rs73.68K ≈ $796.84	+7.19%
2007-03-31	Rs68.74K ≈ $743.38	--

Equity Component Analysis

This analysis shows how different components contribute to Hinduja Global Solutions Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs465.20 Million	0.56%
Other Components	Rs82.70 Billion	99.44%
Total Equity	Rs83.17 Billion	100.00%

Hinduja Global Solutions Limited Competitors by Market Cap

The table below lists competitors of Hinduja Global Solutions Limited ranked by their market capitalization.

Company	Market Cap
CS Disco LLC NYSE:LAW	$218.06 Million
Partron Co. Ltd KQ:091700	$218.06 Million
CAMP4 THERAPEUTICS CORPORATION NASDAQ:CAMP	$218.09 Million
PennantPark Investment Corporation NYSE:PNNT	$218.09 Million
Jack In The Box Inc NASDAQ:JACK	$217.97 Million
First Internet Bancorp NASDAQ:INBK	$217.92 Million
Cantor Equity Partners I, Inc. Class A Ordinary Shares NASDAQ:CEPO	$217.91 Million
TuanChe ADR NASDAQ:TC	$217.88 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hinduja Global Solutions Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 77,081,200,000 to 83,165,000,000, a change of 6,083,800,000 (7.9%).
Net income of 321,900,000 contributed positively to equity growth.
Dividend payments of 10,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 11,450,200,000.
Other factors increased equity by 17,222,100,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs321.90 Million	+0.39%
Dividends Paid	Rs10.00 Million	-0.01%
Other Comprehensive Income	Rs-11.45 Billion	-13.77%
Other Changes	Rs17.22 Billion	+20.71%
Total Change	Rs-	7.89%

Book Value vs Market Value Analysis

This analysis compares Hinduja Global Solutions Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.24x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 132291.94x to 0.24x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-03-31	Rs0.00	Rs433.40	x
2008-03-31	Rs0.00	Rs433.40	x
2009-03-31	Rs0.00	Rs433.40	x
2010-03-31	Rs230.22	Rs433.40	x
2011-03-31	Rs242.40	Rs433.40	x
2012-03-31	Rs278.85	Rs433.40	x
2013-03-31	Rs300.03	Rs433.40	x
2014-03-31	Rs351.13	Rs433.40	x
2015-03-31	Rs258.62	Rs433.40	x
2016-03-31	Rs286.33	Rs433.40	x
2017-03-31	Rs321.89	Rs433.40	x
2018-03-31	Rs364.72	Rs433.40	x
2019-03-31	Rs394.04	Rs433.40	x
2020-03-31	Rs412.09	Rs433.40	x
2021-03-31	Rs498.59	Rs433.40	x
2022-03-31	Rs1537.66	Rs433.40	x
2023-03-31	Rs1627.29	Rs433.40	x
2024-03-31	Rs1547.05	Rs433.40	x
2025-03-31	Rs1656.91	Rs433.40	x
2026-03-31	Rs1787.84	Rs433.40	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hinduja Global Solutions Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 0.39%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.75%
• Asset Turnover: 0.37x
• Equity Multiplier: 1.39x
Recent ROE (0.39%) is below the historical average (12.51%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	4.26%	11.03%	0.26x	1.49x	Rs-3.95K
2008	11.86%	13.72%	0.69x	1.25x	Rs1.37K
2009	9.81%	11.75%	0.67x	1.24x	Rs-178.07
2010	13.71%	14.58%	0.74x	1.27x	Rs351.76 Million
2011	10.74%	10.00%	0.79x	1.36x	Rs74.37 Million
2012	9.24%	6.82%	0.73x	1.86x	Rs-87.55 Million
2013	7.33%	4.57%	0.96x	1.67x	Rs-329.76 Million
2014	11.68%	6.77%	1.03x	1.67x	Rs243.45 Million
2015	15.36%	5.88%	1.35x	1.93x	Rs576.03 Million
2016	8.49%	3.04%	1.35x	2.07x	Rs-179.71 Million
2017	13.43%	4.84%	1.50x	1.85x	Rs458.24 Million
2018	13.20%	5.21%	1.47x	1.73x	Rs486.65 Million
2019	10.78%	3.99%	1.50x	1.81x	Rs128.20 Million
2020	11.74%	4.05%	1.22x	2.37x	Rs299.95 Million
2021	16.12%	12.92%	0.60x	2.08x	Rs1.28 Billion
2022	74.88%	142.50%	0.36x	1.44x	Rs52.39 Billion
2023	3.89%	7.40%	0.39x	1.33x	Rs-5.23 Billion
2024	1.78%	2.89%	0.41x	1.49x	Rs-6.16 Billion
2025	1.58%	2.76%	0.39x	1.45x	Rs-6.49 Billion
2026	0.39%	0.75%	0.37x	1.39x	Rs-7.99 Billion

Industry Comparison

This section compares Hinduja Global Solutions Limited's net assets metrics with peer companies in the Specialty Business Services industry.

Industry Context

Industry: Specialty Business Services
Average net assets among peers: $4,723,438,778
Average return on equity (ROE) among peers: 13.94%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hinduja Global Solutions Limited (HGS)	Rs84.36 Billion	4.26%	0.37x	$218.04 Million
Alldigi Tech Limited (ALLDIGI)	$2.45 Billion	26.07%	0.50x	$133.09 Million
Apollo Sindoori Hotels Limited (APOLSINHOT)	$218.35 Million	4.44%	1.45x	$37.76 Million
BLS International Services Limited (BLS)	$14.42 Billion	21.71%	0.12x	$1.19 Billion
BLS E-Services Limited (BLSE)	$4.38 Billion	7.17%	0.16x	$223.89 Million
CMS Info Systems Limited (CMSINFO)	$15.62 Billion	19.02%	0.34x	$537.80 Million
DJ Mediaprint & Logistics Limited (DJML)	$335.46 Million	15.02%	0.79x	$41.69 Million
GKW Limited (GKWLIMITED)	$2.86 Billion	6.94%	0.06x	$118.73 Million
Kapston Services Limited (KAPSTON)	$586.62 Million	8.64%	2.06x	$113.54 Million
Krystal Integrated Services Ltd (KRYSTAL)	$1.63 Billion	16.46%	1.10x	$91.48 Million

About Hinduja Global Solutions Limited

NSE:HGS India Specialty Business Services

Market Cap

$218.04 Million

Rs20.16 Billion INR

Market Cap Rank

#16297 Global

#850 in India

Share Price

Rs433.40

Change (1 day)

+2.00%

52-Week Range

Rs344.70 - Rs614.05

All Time High

Rs1607.04