Handson Global Management (HGM) Ltd

HGM

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Market Cap

₹ 92 Cr

P/E

18.88

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Investment Checklist

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Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

HIGH RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

HOV Services Ltd, founded in 1989, is a hybrid investment and diversified services company, initially operating in software services and IT-enabled solutions.

The company has expanded its operations into the environmental protection industry via its subsidiary, HOV Environment Solutions, focusing on erosion control, soil stabilization, and environmental conservation.

HOV Services operates globally, with investments and operations in the US, Canada, India, China, Mexico, and the Philippines, highlighting its international expansion strategy.

The company has evolved through strategic acquisitions, such as the merger with SOURCECORP, creating SourceHOV, a leader in BPO services, catering to sectors like healthcare, finance, and legal.

Sector

IT - Software

Industry

IT Enabled Services / Business Process Outsourcing

Market Cap

92 Cr

Volatility

High Risk

P/E Ratio

18.9

Industry P/E

29.9

PEG Ratio

0.3

P/B Ratio

3.9

52W High

88.98

52W Low

41.51

Sales CAGR

39.39%

30.72%

15.41%

10Y

5.82%

Profit CAGR

56.88%

—

10Y

13.13%

ROE

TTM

20.53%

16.51%

8.29%

10Y

-22.82%

ROCE

TTM

13.68%

19.97%

10.02%

10Y

1.27%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ODIGMA	31.60	99 Cr	211.13	1.67	0.00	0.77	1.17	0.61
HGM	72.40	92 Cr	18.88	3.88	0.00	20.53	13.68	6.25
WEPSOLN	23.88	88 Cr	34.13	1.41	2.09	4.14	5.97	2.52
CASPIAN	6.87	87 Cr	—	2.13	0.00	-8.62	-1.99	-3.62
TTC	415.50	78 Cr	62.50	6.04	0.72	11.03	14.78	10.36
RIDDHICORP	66.60	78 Cr	5.22	1.06	0.00	20.28	20.21	8.80

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	3.57	4.29	3.99	4.27	5.57	5.58	5.80	5.51	14	19
Expenses	3.04	3.59	3.34	3.45	4.65	4.69	4.95	4.49	11	18
Operating Profit	0.53	0.70	0.65	0.82	0.92	0.89	0.85	1.02	2.38	1.08
OPM %	14.85	16.32	16.29	19.20	16.52	15.95	14.66	18.51	17.49	5.70
Other Income	0.37	0.47	0.42	0.47	0.44	0.48	0.92	0.44	0.52	0.81
Interest	0.04	0.03	0.03	0.03	0.05	0.05	0.04	0.04	0.08	0.14
Depreciation	0.16	0.16	0.16	0.16	0.25	0.25	0.25	0.25	0.41	0.60
Profit Before Tax	0.71	0.98	0.88	1.09	1.07	1.08	1.47	1.18	2.40	1.16
Tax %	30.99	26.53	27.27	25.69	27.10	25.93	10.20	-11.86	28.33	56.90
Net Profit	0.49	0.71	0.63	0.81	0.78	0.80	1.33	1.32	1.73	0.50
EPS in Rs	0.41	0.58	0.50	0.64	0.62	0.63	1.05	1.05	1.37	0.39

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	15	14	11	11	9.66	10	12	16	22	31
Expenses	15	13	10	8.68	7.31	7.68	9.65	13	19	25
Operating Profit	0.08	0.20	0.26	2.29	2.34	2.38	2.40	2.69	3.68	5.14
OPM %	0.51	1.47	2.45	20.92	24.27	23.67	19.92	16.70	16.40	16.85
Other Income	1.01	4.20	0.96	1.24	1.54	1.34	3.81	1.72	2.28	2.36
Interest	0.62	0.25	0.00	0.72	0.12	0.09	0.16	0.13	0.17	0.21
Depreciation	0.85	1.07	0.53	0.55	0.62	0.62	0.60	0.63	1.00	1.16
Profit Before Tax	-0.39	3.08	0.69	2.26	3.14	3.01	5.45	3.66	4.80	6.13
Tax %	-151.32	22.75	74.57	35.97	23.86	28.85	17.76	27.56	11.94	15.50
Net Profit	-0.98	2.38	0.18	1.45	2.39	2.14	4.48	2.65	4.22	5.18
EPS in Rs	—	—	—	0.53	2.05	1.71	3.63	2.13	3.35	3.86
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	13	13	13	13	13	13	13	13	13	13
Reserves	325	21	704	431	21	83	17	9.99	10	11
Borrowings	13	12	4.28	3.24	2.05	2.97	3.06	1.42	1.05	1.41
Other Liabilities	7.65	6.37	291	163	16	18	12	14	12	14
Total Liabilities	358	52	1,011	610	52	117	45	38	36	40
Fixed Assets	3.10	2.32	1.41	1.05	1.36	1.06	2.41	2.00	1.37	1.48
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	333	30	997	595	36	101	27	15	13	10
Other Assets	22	20	13	13	15	15	16	20	21	28
Total Assets	358	52	1,011	610	52	117	45	38	36	40

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	2.68	-2.61	1.67	-0.11	2.19	-1.35	-1.25
Cash from Investing Activity	0.64	-11	0.88	1.19	2.60	1.36	1.79
Cash from Financing Activity	-1.28	8.36	-2.12	-2.09	-1.29	-0.50	-0.89
Net Cash Flow	2.04	-5.09	0.43	-1.01	3.51	-0.49	-0.36

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	50.42%	50.42%	50.42%	50.42%	50.42%	50.42%	50.42%	50.42%	50.42%	50.42%	50.42%	50.42%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	49.58%	49.58%	49.58%	49.58%	49.58%	49.58%	49.58%	49.58%	49.58%	49.58%	49.58%	49.58%
Total Shareholders	8,492	8,523	9,027	8,631	9,969	9,470	9,411	10,445	10,254	10,175	10,063	9,570

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Mar 26, 2025	Isha securities limited	Bulk	Sell	44.54	0.33 Cr	75,179	0.59
Mar 26, 2025	Bhavesh dhireshbhai shah	Bulk	Buy	44.54	0.34 Cr	75,500	0.59
Sep 03, 2024	Multiplier share & stock advi...	Bulk	Buy	104.00	0.96 Cr	92,108	0.73
Sep 03, 2024	Multiplier share & stock advi...	Bulk	Sell	103.87	0.33 Cr	31,908	0.25
Aug 21, 2024	Setu securities pvt ltd	Bulk	Buy	91.88	0.30 Cr	32,521	0.25
Aug 21, 2024	Shristi investments private l...	Bulk	Buy	89.50	1.12 Cr	1,25,000	0.99
Aug 21, 2024	Silver line ventures private ...	Bulk	Sell	89.94	0.53 Cr	59,262	0.47
Aug 21, 2024	Setu securities pvt ltd	Bulk	Sell	91.89	0.66 Cr	71,871	0.57
Aug 21, 2024	Silver line ventures private ...	Bulk	Buy	91.58	0.78 Cr	85,000	0.67
Apr 10, 2024	Yuga stocks and commodities p...	Bulk	Sell	75.84	0.78 Cr	1,02,444	0.81

Projection

Actions

Action Type

‌
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Announcements

Last 7 days

Newest

Sentiment

Change in Directors/KMP

6 days ago

Resignation of Executive Director Vikram Negi

Vikram Negi has resigned as Executive Director of HandsOn Global Management (HGM) effective December 10, 2025, citing competing professional priorities.

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Oscillators

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Bearish

Neutral

Bullish

Overall

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Bearish

Neutral

Bullish

Moving Averages

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Overall

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	3.57	4.29	3.99	4.27	5.57	5.58	5.80	5.51	14	19
Expenses	3.04	3.59	3.34	3.45	4.65	4.69	4.95	4.49	11	18
Operating Profit	0.53	0.70	0.65	0.82	0.92	0.89	0.85	1.02	2.38	1.08
OPM %	14.85	16.32	16.29	19.20	16.52	15.95	14.66	18.51	17.49	5.70
Other Income	0.37	0.47	0.42	0.47	0.44	0.48	0.92	0.44	0.52	0.81
Interest	0.04	0.03	0.03	0.03	0.05	0.05	0.04	0.04	0.08	0.14
Depreciation	0.16	0.16	0.16	0.16	0.25	0.25	0.25	0.25	0.41	0.60
Profit Before Tax	0.71	0.98	0.88	1.09	1.07	1.08	1.47	1.18	2.40	1.16
Tax %	30.99	26.53	27.27	25.69	27.10	25.93	10.20	-11.86	28.33	56.90
Net Profit	0.49	0.71	0.63	0.81	0.78	0.80	1.33	1.32	1.73	0.50
EPS in Rs	0.41	0.58	0.50	0.64	0.62	0.63	1.05	1.05	1.37	0.39

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	15	14	11	11	9.66	10	12	16	22	31
Expenses	15	13	10	8.68	7.31	7.68	9.65	13	19	25
Operating Profit	0.08	0.20	0.26	2.29	2.34	2.38	2.40	2.69	3.68	5.14
OPM %	0.51	1.47	2.45	20.92	24.27	23.67	19.92	16.70	16.40	16.85
Other Income	1.01	4.20	0.96	1.24	1.54	1.34	3.81	1.72	2.28	2.36
Interest	0.62	0.25	0.00	0.72	0.12	0.09	0.16	0.13	0.17	0.21
Depreciation	0.85	1.07	0.53	0.55	0.62	0.62	0.60	0.63	1.00	1.16
Profit Before Tax	-0.39	3.08	0.69	2.26	3.14	3.01	5.45	3.66	4.80	6.13
Tax %	-151.32	22.75	74.57	35.97	23.86	28.85	17.76	27.56	11.94	15.50
Net Profit	-0.98	2.38	0.18	1.45	2.39	2.14	4.48	2.65	4.22	5.18
EPS in Rs	—	—	—	0.53	2.05	1.71	3.63	2.13	3.35	3.86
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	13	13	13	13	13	13	13	13	13	13
Reserves	325	21	704	431	21	83	17	9.99	10	11
Borrowings	13	12	4.28	3.24	2.05	2.97	3.06	1.42	1.05	1.41
Other Liabilities	7.65	6.37	291	163	16	18	12	14	12	14
Total Liabilities	358	52	1,011	610	52	117	45	38	36	40
Fixed Assets	3.10	2.32	1.41	1.05	1.36	1.06	2.41	2.00	1.37	1.48
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	333	30	997	595	36	101	27	15	13	10
Other Assets	22	20	13	13	15	15	16	20	21	28
Total Assets	358	52	1,011	610	52	117	45	38	36	40

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	2.68	-2.61	1.67	-0.11	2.19	-1.35	-1.25
Cash from Investing Activity	0.64	-11	0.88	1.19	2.60	1.36	1.79
Cash from Financing Activity	-1.28	8.36	-2.12	-2.09	-1.29	-0.50	-0.89
Net Cash Flow	2.04	-5.09	0.43	-1.01	3.51	-0.49	-0.36

Overview

Detailed Summary

HOV Services Ltd, founded in 1989, is a hybrid investment and diversified services company, initially operating in software services and IT-enabled solutions.

HOV Services operates globally, with investments and operations in the US, Canada, India, China, Mexico, and the Philippines, highlighting its international expansion strategy.

The company has evolved through strategic acquisitions, such as the merger with SOURCECORP, creating SourceHOV, a leader in BPO services, catering to sectors like healthcare, finance, and legal.

Sector

IT - Software

Industry

IT Enabled Services / Business Process Outsourcing

Market Cap

92 Cr

Volatility

High Risk

P/E Ratio

18.9

Industry P/E

29.9

PEG Ratio

0.3

P/B Ratio

3.9

52W High

88.98

52W Low

41.51

Sales CAGR

39.39%

30.72%

15.41%

10Y

5.82%

Profit CAGR

56.88%

—

10Y

13.13%

ROE

TTM

20.53%

16.51%

8.29%

10Y

-22.82%

ROCE

TTM

13.68%

19.97%

10.02%

10Y

1.27%