HGMInformation Technology

HandsOn Global Management (HGM) Limited

IT Enabled Services · ISIN INE596H01014 · BSE 532761 · NSE EQ · FV ₹10
Last price
₹48
+2.09%today
What this company does

HandsOn Global Management (HGM) Limited operates in IT Enabled Services, part of the Information Technology sector. It booked ₹11 cr of revenue in its latest quarter (Q1 FY27) and kept -19.1% of sales as profit.

In the report:
36out of 100
Equitytale Health Score
Strained

Healthier than 36% of companies in Information Technology, on all six measures of filed financials. Each measure is ranked against the 81–123 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
50

At close. Not part of the score.

Profitability & returns3

How much profit it earns on the money it employs

Balance sheet8

How much it owes, and whether earnings cover the interest

Cash quality16

Whether reported profit actually arrives as cash

Growth & consistency93

Whether sales and profit have grown, and how steadily

Valuation48

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 50%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -19.1% net margin
! Sales down 21% vs last year
! Low -40.5% return on equity

What if I invest in HGM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹48 +2.09%
latest close · 2026-09-17
1-year return
-28.6%
52-wk low ₹4152-wk high ₹75
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio2.95Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-40.5%Loss
WeakFairStrong ▸15%
Return on capital-16.3%Loss
WeakFairStrong
Net margin-19.1%Loss
ThinDecentStrong
EBITDA margin-8.3%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.75Moderate
LowModerateHigh ▸1
Interest cover-3.4×Risky
RiskyOkayStrong ▸5×
Current ratio1.16Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹60 cr
Book value
₹16
EPS
₹-1.64
latest quarter
Net debt
₹9 cr
owes more than its cash
Enterprise value
₹69 cr
EBITDA
₹-4 cr
annualised
EBIT
₹-7 cr
annualised
Operating margin
-15.6%
Return on assets
-11.3%
Earnings yield
P/S
1.39
Sales / share
₹34.3
Tax rate
Face value
₹10
Shares
1.3 cr
Working capital
₹5 cr
Current assets
₹37 cr
Current liabilities
₹32 cr
Delivery %
80.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.
Models span ₹15₹27, midpoint ₹21

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹11 cr
Other Income₹29.2 L
Total Income₹11 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹8 cr
Finance Costs₹49.7 L
Depreciation & Amortisation₹79.6 L
Other Expenses₹4 cr
Total Expenses₹13 cr
Profit before Tax₹-2 cr
Tax Expense₹-12.5 L
Net Profit₹-2 cr
Net margin on total income-18.6%
Where the money goes · Q1 FY27
% of total spend
Employee benefit expense₹8 cr61.4%
Finance costs₹49.7 L3.7%
Depreciation & amortisation₹79.6 L6.0%
Other expenses₹4 cr28.9%
Total income ₹11 cr

The company made a net loss of ₹2 cr this quarter — income covered only 84 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue14 cr13 cr11 cr
Total income15 cr14 cr11 cr
Expenses18 cr16 cr13 cr
Profit before tax-3 cr-2 cr-2 cr
Tax12.6 L36.5 L-12.5 L
Net profit (owners' share)-3 cr-2 cr-2 cr
Net margin (owners' share, on revenue)-21.9%-17.0%-19.1%
EPS (₹)-2.48-1.71-1.64
YoY (latest quarter): total income -21.5% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹73 cr
Shareholder equity
₹20 cr
parent shareholders
Total debt
₹15 cr
Cash
₹6 cr
Cash flow · H1 FY25
Operating
₹6.1 L
Investing
₹95.7 L
Financing
₹-44.6 L
Peer comparison
IT Enabled Services · by market value
CompanyPriceMarket capP/E
L&T Technology Services Limited₹3,324₹35,238 cr25.1
Tata Technologies Limited₹759₹30,809 cr42.6
Inventurus Knowledge Solutions Limited₹1,729₹29,538 cr37.4
Netweb Technologies India Limited₹4,579₹26,070 cr76.4
Affle 3i Limited₹1,546₹21,734 cr42.3
SAGILITY LIMITED₹45₹20,851 cr24.2
Black Box Limited₹766₹13,611 cr60.8
Amagi Media Labs Limited₹574₹12,425 cr96.4
E2E Networks Limited₹604₹12,424 cr70.6
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
50.4%
Public
49.6%
Smart-money activity
Insider trades
BoughtGeneral Pacific LLC · Promoter Group1.23 L · ₹91,77315 Jan 19
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 20 Mar 2026
See the official result
1
TO APPROVE MATERIAL RELATED PARTY TRANSACTION(S) OF AIDEO TECHNOLOGIES LLC, A WHOLLY OWNED SUBSIDIARY OF THE COMPANY WITH HEALTHAXIS GROUP LLC, OF US$ 8.70 MILLION
Backed by 100% of shareholders other than promotersneeded 50%
13.10 L votes for, 480 against
2
TO APPROVE MATERIAL RELATED PARTY TRANSACTION(S) OF THE COMPANY WITH XBP EUROPE LIMITED OF, US$ 6 MILLION
Backed by 92% of shareholders other than promotersneeded 50%
12.08 L votes for, 1.03 L against
3
TO APPROVE MATERIAL RELATED PARTY TRANSACTION(S) OF THE COMPANY WITH SOURCEHOV LLC, OF US$ 1 MILLION
Backed by 92% of shareholders other than promotersneeded 50%
12.08 L votes for, 1.03 L against
4
TO APPROVE MATERIAL RELATED PARTY TRANSACTION(S) OF THE COMPANY WITH HOVG LLC, OF US$ 0.25 MILLION
Backed by 92% of shareholders other than promotersneeded 50%
12.08 L votes for, 1.03 L against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 9 named members
owning 50.4% between them · as of 2026-06-30
ADESI234 LLC23.83%
HOF2 LLC13.24%
STERN CAPITAL PARTNERS LLC5.51%
SUNIL VASANT RAJYADHYAKSHA4.67%
GENERAL PACIFIC LLC1.70%
SURINDER RAMETRA0.95%
PARVINDER S CHADHA0.30%
RAJADHYAKSHA ANIL VASANT0.20%
Business done with them
FY2025 · 1 of the group
The company paid ₹84 L to companies in the promoter group last year — about 3.7% of its ₹22 cr revenue.
Mr. Parvinder S Chadha
Other payments to them · As tagged in detail
also owns 0.30% of the company
₹84 L
company paid

The company also transacted with 10 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.