H

Hexaware Technologies Limited

HEXTNSE
Market snapshot · 2026-08-12 16:42 UTC

566.95

+₹1.80 (+0.32%)

MARKET CAP

₹34.57K Cr

STOCK P/E

26.0x

52W HIGH

₹829.40

52W LOW

₹400.20

BOOK VALUE

₹110.07

EPS

₹21.81

ROE

21.47%

SECTOR

Information Technology

DEBT/EQUITY

10.18

VOLUME

2.09L

P/B RATIO

5.15x

PEG RATIO

-2.08

Sector

Information Technology

Themes

IT Services & ConsultingNewly ListedGovernment of Singapore Portfolio
D
Dividend
E
Earnings
₹778.30₹684.66₹591.01₹497.37₹403.72VolumeDEEDEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Hexaware Technologies is an IT services company providing consulting, software development, and business process services worldwide. Travel and Transportation, Financial Services and Banking, Healthcare and Insurance, and Manufacturing and Consumer drive sector-focused demand. Its Amaze and Tensai platforms support cloud modernization and intelligent automation, while generative AI and cybersecurity expand service-led growth. AI Day 2026 could improve adoption of these offerings, supporting the 12.2% revenue and 16.4% profit growth trajectory. Stable margins and 21.5% ROE indicate favorable earnings quality, although debt-to-equity of 10.18 implies substantial leverage amplifies returns and raises financial risk. At 26x earnings, valuation appears fair relative to current growth, but investors must monitor whether AI-led offerings convert into sustained margin expansion. Neutral sentiment reflects this open execution question.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for HEXT.

17.00 analysts

Price Forecast

Current
₹566.95
High Target
₹727.00
▲ +28.2%
Median Target
₹600.00
▲ +5.8%
Low Target
₹440.00
▼ -22.4%
Now₹566.95High ₹727.00Median ₹600.00Low ₹440.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
17 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹423.35 - ₹710.2880%
6M₹367.86 - ₹764.7080%
12M₹295.73 - ₹832.4480%
Realized vol: +40.4% · Drift: -5.2%

Revenue Forecast

₹ Cr
Dec '25Current₹1,860.0
Sep 2026 ETrend estimate range
High₹2,404.5Base₹2,226.4Low₹2,048.3
Mar '25: ₹1,764.0 · Jun '25: ₹1,818.0 · Sep '25: ₹1,947.0 · Dec '25: ₹1,860.0 · Sep '26: ₹2,226.4 · Dec '26: ₹2,126.9
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E1,764.01,818.01,947.01,860.02,226.42,126.9
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹1.65
Sep 2026 ETrend estimate range
High₹6.03Base₹5.38Low₹4.74
Mar '25: ₹3.94 · Jun '25: ₹5.40 · Sep '25: ₹4.45 · Dec '25: ₹1.65 · Sep '26: ₹5.38 · Dec '26: ₹2.00
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E3.945.404.451.655.382.00
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Supportive
77%
Analyst Consensus
Weakening

From 17 analysts

Mean upside+4.1%

Fundamentals

Strong

Fundamentals institutional score is 73 using EVA spread proxy 9.5%; growth durability 40.3.

Valuation

Attractive relative to peers

Valuation institutional score is 85 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 41 using mean target upside 4.1%; dispersion penalty 19.4; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 92 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is skewing constructive on impact and recency. Based on 2 recent ticker-linked news items.

Signal Summary

Market intelligence remains Supportive. fundamentals and valuation provide support, while analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Attractive relative to peersAnalyst Consensus WeakeningTechnical Structure Strong TrendMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price590.4 target
Mean Upside+4.1%
Technical Score92%
Fundamental Score73%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 16.9% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -0.66). Confidence: 81%.

Live forward EPS implies next-12-month EPS of ₹27.92. Applying the stock's normalized valuation corridor produces a fair range of ₹700.79 to ₹947.05, with base value near ₹873.06 (+54.0% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹27.92

Forward P/E

20.3x

Base Fair Value

₹873.06

Fair Range

₹700.79 - ₹947.05

Upside To Base

+54.0%

Estimate Source

Live forward EPS

Growth Estimate

-12.5%

P/E
Strongly Undervalued

5Y Average

29.09

Current

25.99

Overvalued

33.92

Undervalued

25.10

P/S
Strongly Undervalued

5Y Average

2.68

Current

2.40

Overvalued

3.09

Undervalued

2.28

EV/EBITDA
Strongly Undervalued

5Y Average

16.09

Current

14.38

Overvalued

18.37

Undervalued

13.35

Peers & Comparison

Sector: Information Technology · Theme: IT Services & Consulting

IT Services & Consulting Peers6 peers
Avg P/E: 44.6x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
MPHASIS LIMITED
MPHASISIT Services & Consulting
+17.5%11.6%
25.1x
Undervalued
-44% vs avg
-6.1%
KPIT TECHNOLOGIES LIMITED
KPITTECHIT Services & Consulting
+8.9%8.8%
28.7x
Undervalued
-36% vs avg
-48.4%
TECH MAHINDRA LIMITED
TECHMIT Services & Consulting
+17.7%8.7%
28.1x
Undervalued
-37% vs avg
+9.1%
NETWEB TECH INDIA LTD
NETWEBIT Services & Consulting
+172.1%9.6%
105.9x
Premium
+137% vs avg
+131.5%
FRACTAL ANALYTICS LIMITED
FRACTALIT Services & Consulting
+20.0%9.5%
43.0x
Fair
-4% vs avg
-2.2%
COFORGE LIMITED
COFORGEIT Services & Consulting
+49.9%9.6%
37.0x
Undervalued
-17% vs avg
+12.2%
WHY THESE PEERS

HEXAWARE TECHNOLOGIES LTD trades at a discount (26.0x vs peer avg 44.6x), suggesting potential undervaluation relative to the It Services & Consulting cohort. Peers include MPHASIS LIMITED, KPIT TECHNOLOGIES LIMITED, TECH MAHINDRA LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Financial chart data is not available for this company right now.

Results

Income statement data not available.

All values in ₹ Crores unless otherwise stated. Source: Company filings.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.71%74.57%74.55%74.30%74.30%
FII10.59%9.76%8.31%8.15%4.20%
DII9.06%10.05%11.14%11.58%15.30%
Public3.34%3.29%3.16%3.14%3.73%
Others2.30%2.33%2.84%2.83%2.47%
Mar 2026
Promoters
FII
DII
Public
Others