HGM - Handson Global

📊 NSE: HGM 🏢 IT Enabled Services 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations grew by 39.35% YoY from INR 16.12 Cr in FY24 to INR 22.47 Cr in FY25. Segment-specific growth percentages are not disclosed in available documents.

Geographic Revenue Split

Not disclosed in available documents. The company is headquartered in Pune, Maharashtra.

Profitability Margins

Net Profit Margin for FY25 was 18.8%. Gross and Operating margins are not explicitly split, but Profit Before Tax (PBT) margin was 21.3% (INR 4.80 Cr on INR 22.47 Cr revenue).

EBITDA Margin

EBITDA Margin for FY25 was approximately 26.6% (calculated as PBT of INR 4.80 Cr plus Depreciation of INR 1.19 Cr over Revenue of INR 22.47 Cr).

Capital Expenditure

Property, Plant and Equipment (PPE) decreased from INR 42.82 Lakhs in FY24 to INR 23.68 Lakhs in FY25, indicating minimal new capex and ongoing depreciation of existing assets.

Credit Rating & Borrowing

Not disclosed in available documents. Net cash used in financing activities was INR 89.26 Lakhs in FY25.

⚙️ Operational Drivers

Raw Materials

Not applicable as HGM is a service-oriented company (IT/BPM). Reporting under inventory clauses is not applicable to the company.

Import Sources

Not applicable for service operations.

Key Suppliers

Not disclosed in available documents. KFin Technologies Limited serves as the Registrar and Share Transfer Agent.

Capacity Expansion

Not applicable for service-based operations. The company maintains investment property valued at INR 8.01 Cr as of March 31, 2025.

Raw Material Costs

Not applicable. Operational costs are primarily driven by employee benefits and administrative expenses (not detailed in snippets).

Manufacturing Efficiency

Not applicable for service operations.

Logistics & Distribution

Not applicable for service operations.

📈 Strategic Growth

Expected Growth Rate

Not disclosed in available documents

Growth Strategy

The company rebranded from HOV Services Limited to HandsOn Global Management (HGM) Limited to align with its global management services focus. Growth is likely driven by expanding its IT-enabled and business process management service offerings within its existing client base and leveraging its Pune-based operational hub.

Products & Services

IT-enabled services, Business Process Management (BPM), and Investment Property Management.

Brand Portfolio

HGM, HandsOn Global Management, HOV Services (formerly).

🌍 External Factors

Industry Trends

The industry is shifting toward increased digitalization and the requirement for robust audit trails in financial reporting. HGM is positioned with compliant accounting software and effective internal financial controls as of March 31, 2025.

Competitive Landscape

Competes with other global BPM and IT-enabled service providers.

Competitive Moat

The company's moat is built on its established reputation (formerly HOV Services) and a strong internal control framework that provides reasonable assurance regarding the reliability of financial reporting.

Macro Economic Sensitivity

Sensitive to global IT spending and corporate outsourcing trends.

Consumer Behavior

Shift toward demanding higher transparency and real-time auditability in corporate management services.

⚖️ Regulatory & Governance

Industry Regulations

Compliant with SEBI (Depositories and Participants) Regulations 2018 and the Companies Act 2013. Maintenance of cost records is not prescribed for the company's activities.

Taxation Policy Impact

Current tax expense for FY25 was INR 1.38 Cr on a PBT of INR 4.80 Cr, representing an effective tax rate of approximately 28.7%.

Legal Contingencies

The company has no pending litigations that would impact its financial position as of March 31, 2025.

⚠️ Risk Analysis

Key Uncertainties

Inherent limitations of internal financial controls, including the possibility of collusion or improper management override, which could lead to undetected material misstatements.