Hexaware Technologies (Delisted) share price

BSE: 532129IT - Software

Hexaware Technologies Limited · Face value ₹2 · Listed Feb 1997

Last traded ₹470.80 on 30 Oct 2020

Delisted on 9 Nov 2020. The company's shares trade as Hexaware Technologies (HEXT).

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

Share price history

Daily closes since Feb 2011, BSE closes Jan 2007 to Jul 2007, Jul 2007 to Feb 2008, Feb 2008 to May 2008 and May 2008 to Jul 2010, adjusted for splits and bonuses. Earlier closes are left out: on 24 Feb 2011 the price changed in a way no corporate action on record explains.

Daily close, ₹ per share

Dividend

Q3 results, quarter to Sep 2020

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹646 Cr+16.3% on a year ago · +12.1% on the quarter before
Operating profit
₹172 Cr−8.3% on a year ago · +3.3% on the quarter before
Net profit
₹113 Cr−21.1% on a year ago · +3.9% on the quarter before
Earnings per share
₹3.76−21.5% on a year ago · +3.6% on the quarter before
Operating margin
26.6%
Net margin
17.4%

From revenue to net profit, ₹ crore

  1. Revenue646
  2. Employee costs−359
  3. Other expenses−116
  4. Operating profit172
  5. Depreciation−28
  6. Other income+3.0
  7. Finance costs−7.7
  8. Profit before tax139
  9. Tax−26
  10. Net profit113

Hexaware Technologies results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Sep 2020. Results for the quarter to Dec 2020 were due by 1 Mar 2021, 60 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
37298Dec 1741694Mar 18431113Jun 18473141Sep 18498105Dec 18511119Mar 19501114Jun 19556143Sep 19573132Dec 19569120Mar 20576108Jun 20646113Sep 20

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
38.8%17.4%34.8%38.8%27.7%29.6%30.3%33.8%30.9%31.5%28.9%26.6%26.4%22.6%26.1%29.8%21.1%23.2%22.8%25.7%23.0%21.0%18.8%17.4%Dec 17Jun 18Dec 18Jun 19Dec 19Jun 20Sep 20
₹ croreDec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Q3Dec 2018Filed 30 JanMar 2019Q1Filed 24 AprJun 2019Filed 8 AugSep 2019Q3Dec 2019Mar 2020Q1Jun 2020Filed 28 JulSep 2020Q3Filed 22 Oct
Revenue from operations327318334371369366381405372416431473498511501556573569576646
–––––––255––281290360360349368396390410474
Materials and goods bought––––––––––0000000000
Employee costs––––––––––228242254257271300316343330359
Other expenses––––––––––53471061047868804680116
Operating profit before depreciation–––––––150––150184138151152188177179167172
Operating margin–––––––37.0%––34.8%38.8%27.7%29.6%30.3%33.8%30.9%31.5%28.9%26.6%
Depreciation and amortisation–––––101013131212131313151618282928
Other income6727144411211101110133
Finance costs00000––0––00000006108
Profit before one-off items and tax988799122134124131138111116139172126139138173159147132139
One-off items––9–––––––0000−100000
Profit before tax9887108122134124131138111116139172126139137173159147132139
1716232828252523132226302121233127272326
Tax rate17.2%18.1%21.4%22.6%20.9%19.9%19.1%16.7%11.7%18.7%18.8%17.7%16.4%14.8%16.7%17.7%17.2%18.6%17.7%19.0%
Net profit81718595106991061159894113141105119114143132120108113
Other comprehensive income––––––––––−35−4555306−16−10−591526
Total comprehensive income––––––––––779616014812012612261123139
Net margin24.7%22.3%25.3%25.5%28.7%27.2%27.7%28.4%26.4%22.6%26.1%29.8%21.1%23.2%22.8%25.7%23.0%21.0%18.8%17.4%
Earnings per share₹2.68₹2.36₹2.80₹3.14₹3.50₹3.32₹3.56₹3.88₹3.31₹3.17₹3.79₹4.75₹3.54₹3.99₹3.83₹4.79₹4.42₹4.01₹3.63₹3.76
Diluted earnings per share₹2.66₹2.34₹2.78₹3.11₹3.47₹3.29₹3.52₹3.83₹3.27₹3.12₹3.73₹4.67₹3.48₹3.92₹3.79₹4.72₹4.37₹3.96₹3.59₹3.72
Earnings per share in rupees, restated for later splits and bonuses.

The quarters either side of a change of basis do not compare. From the quarter to Dec 2018, the company's revenue for the year to Dec 2018, ₹1,794 Cr, differs from its quarters added, ₹1,818 Cr.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to December.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
Dec 10679232Dec 11912286Dec 121,020334Dec 131,155318Dec 141,294333Dec 151,393356Dec 161,524411Dec 171,7944530Dec 182,1415080Dec 19

Operating and net margin, per cent

  • Operating margin
  • Net margin
42.4%23.7%42.4%33.4%31.2%34.2%31.3%32.7%27.6%25.7%25.6%27.0%25.2%23.7%Dec 10Dec 12Dec 14Dec 16Dec 18Dec 19

The years either side of a change of basis do not compare. From the year to Dec 2018, the company's revenue for that year, ₹1,794 Cr, differs from its quarters added, ₹1,818 Cr.

Results for the year to Dec 2019

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue2,141
  2. Employee costs−1,144
  3. Other expenses−330
  4. Operating profit668
  5. Depreciation−61
  6. Other income+2.9
  7. One-off items−0.5
  8. Finance costs0.0
  9. Profit before tax609
  10. Tax−102
  11. Net profit508

What the company owns

  • Plant, investments and other assets₹1,523 Cr
  • Receivables₹654 Cr
  • Cash and bank₹82 Cr

What pays for it: net worth and liabilities

  • Net worth₹1,951 Cr
  • Other liabilities₹219 Cr
  • Owed to suppliers₹89 Cr

Profit and loss

Standalone, ₹ crore, years to December. No results on record for the year to Dec 2010. The last column is the twelve months to Sep 2020, the latest four quarters added.

₹ croreDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Filed 30 JanDec 2019Sep 2020Twelve monthsFiled 22 Oct
Revenue from operations6799121,0201,1551,2941,3931,5241,7942,1412,365
––588––––1,1951,4731,669
Materials and goods bought–––––––000
Employee costs–––––––9461,1441,347
Other expenses–––––––249330322
Operating profit before depreciation––432––––599668695
Operating margin––42.4%––––33.4%31.2%29.4%
Materials, % of revenue–––––––0.0%0.0%0.0%
Employee costs, % of revenue–––––––52.7%53.4%57.0%
Other expenses, % of revenue–––––––13.9%15.4%13.6%
Depreciation and amortisation––31–––494961103
Operating profit after depreciation––401––––549607592
Other income4546959183857238
Finance costs100100–0023
Profit before one-off items and tax231341410411408450497552610577
One-off items23––−30–––0−10
Profit before tax255341410382408450497552609577
2356766375948699102104
Net profit232286334318333356411453508473
Other comprehensive income–––––––−459−28
Total comprehensive income–––––––408517445
Net margin34.2%31.3%32.7%27.6%25.7%25.6%27.0%25.2%23.7%20.0%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Dec 2013 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Dec 2011, Dec 2012, Dec 2014, Dec 2015 and Dec 2016: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Dec 2017: the statement does not state its finance costs, which operating profit is worked out from, so operating profit is not given.
Earlier years, Dec 2007 to Dec 2009
₹ croreDec 2007Dec 2008Dec 2009
Revenue from operations469498486
Operating expenses382––
Operating profit before depreciation86––
Operating margin18.4%––
Depreciation and amortisation17––
Operating profit after depreciation70––
Other income272034
Finance costs020
Profit before one-off items and tax–77190
One-off items−103−36−61
Profit before tax−641130
Tax445
Net profit−1137124
Net margin−2.3%7.4%25.5%
Standalone, ₹ crore, years to December.

Balance sheet

Standalone, ₹ crore, at 31 December.

₹ croreDec 2018Filed 30 JanDec 2019
1,7371,951
Share capital5960
Reserves1,6781,892
Borrowings00
233262
2946
Total assets1,9992,259
1,0811,210
9181,049
Net debt−158−82
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Dec 2011, Dec 2012, Dec 2013, Dec 2014, Dec 2015, Dec 2016 and Dec 2017, so its lines and the ratios worked from it are blank there.

Per share

Standalone, ₹ per share, years to December.

₹ per shareDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Filed 30 JanDec 2019
Earnings per share₹7.94₹9.66₹11.19₹10.60₹11.05₹11.80₹13.82₹15.25₹17.03
Diluted earnings per share₹7.75₹9.50₹11.09₹10.55₹10.96₹11.70₹13.62₹14.99₹16.81
Book value per share–––––––₹58.42₹65.40
Market cap at the year end (₹ crore)2,2012,5223,9476,0077,3396,253–9,8829,985

Ratios

Standalone, years to December.

RatioDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Filed 30 JanDec 2019
Revenue growth34.5%11.8%13.2%12.0%7.7%9.4%–19.3%
Operating profit growth–––––––11.5%
Net profit growth23.1%16.9%−4.7%4.6%6.9%15.4%10.2%12.0%
Earnings per share growth21.7%15.8%−5.3%4.2%6.8%17.1%10.3%11.7%
––––––26.1%27.5%
–––––––1.4 pts
From the net margin–––––––−1.6 pts
From asset turnover–––––––3.0 pts
From borrowing–––––––0.1 pts
Return on capital employed––––––31.6%31.1%
Interest cover–2,971.2––––19,618.514,447.9
Debt to equity––––––0.000.00
Receivable days––––––109112
Working capital days––––––107120
Asset turnover––––––0.901.01
Assets per rupee of net worth––––––1.151.15
Sales per rupee of plant––––––4.873.74
Plant being built, % of plant in use––––––61.2%15.2%
Revenue growth is left blank for the year to Dec 2018: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Dec 2011, Dec 2012, Dec 2013, Dec 2014, Dec 2015, Dec 2016 and Dec 2017, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Dec 2019.

Return on assets, latest year
23.8%
Measure10 years5 years3 years
Profit growth, yearly rate15.1%9.8%12.5%
Return on equity, average––26.8%
Return on capital employed, average––31.4%
Operating margin, average––32.3%
Net margin, average28.1%25.4%25.3%
Asset turnover, average––0.95
Interest cover, average––17,033.2
Debt to equity, average––0.00

Accounting checks

Standalone, years to December. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Effective tax ratePublished threshold 17.16 per cent8.8716.3018.5516.60–––––
A threshold marked as ours has no published figure; it is the line we read the check against.

Where the return came from

Yearly rates to Dec 2019, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+0.5%+11.7%−10.0%0.0%
3 years+17.4%+13.0%+3.8%0.0%
5 years+10.9%+9.9%+0.8%0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Hexaware Technologies share price by year

Each calendar year to 2020.

YearClose at year endChangeHighest closeLowest close
2020470.80+40.7%471.00208.25
2019334.70+0.5%415.40316.15
2018332.90−2.3%512.30303.80
2017340.65+64.5%344.65189.35
2016207.10−14.9%271.15178.85
2015243.40+21.9%333.10195.30
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2020 close is its last trade, on 30 Oct 2020.

Recent sessions

The 10 trading days to 30 Oct 2020, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
30 Oct 2020470.55471.45470.35470.80470.822,68,017
29 Oct 2020470.15471.75470.15471.00470.949,19,171
28 Oct 2020470.20470.90470.20470.55470.491,61,182
27 Oct 2020470.50470.90470.05470.30470.292,02,077
26 Oct 2020469.25470.90469.25470.25470.224,91,722
23 Oct 2020470.70470.85469.95470.50470.451,80,173
22 Oct 2020470.45470.85469.20470.05470.061,88,304
21 Oct 2020468.50470.45468.50469.90469.753,07,309
20 Oct 2020467.50469.45467.50468.65468.482,53,149
19 Oct 2020466.55468.40466.55467.65467.6458,566
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
24 Feb 2011Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. The company made an announcement in time for trading that day or the trading day before. Earlier prices are not shown.
18 Mar 2009Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
12 Feb 2009Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
Where an event has no factor that can be worked out, the chart leaves out the closes before it. Any other event is noted and not adjusted for.

Company details

BSE code
532129
ISIN
INE093A01033
Industry
IT - Software
Former symbols
HEXAWARE
CIN
L72900MH1992PLC069662
Corporate identity number, the registrar of companies' code for it
Incorporated
1992
Registered office
8th floor, 13th Level, Q1, Loma Co-Developers1 Private Limited, Plot no. Gen-4/1, TTC Industrial Area, Ghansoli, Navi Mumbai 400710, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments