Hexaware Technologies Unlisted Shares

Hexaware Technologies Limited (hereinafter referred to as ‘the Company’ or ‘Hexaware’) was incorporated on 20th November 1992 as a public limited company under the name ‘Aptech Information Systems Limited’. On 5th August 1996, the name of the Company was changed to ‘Aptech Limited’. Later on, 2nd April 2002, the name of the Company was changed to its present name of Hexaware Technologies. (Hexaware) Hexaware Technologies Limited is a leading global provider of IT and BPO services. The company provides services to clients in Banking, Financial Services, Capital Markets, Healthcare, Insurance, Manufacturing, Retail, Education, Telecom, Professional services (Tax, Audit, Accounting), Travel and transportation. The holding company is HT Global IT Solutions Holdings Limited (HT Global), Mauritius and ultimate holding company is Baring Private Equity Asia GP V. LP, Cayman Island.

Delisting of Hexaware Tech

The trading in the equity shares of Hexaware Technologies Ltd has been suspended with effect from November 2, 2020 on account of voluntary delisting pursuant to the SEBI (Delisting of Equity Shares). The delisting price offered was Rs.475 per share.

FAQ

Ques. How to sell Hexaware Shares after delisting?

Ans. You can easily sell Hexaware unlisted shares at the UnlistedZone Platform

Ques. Is Hexaware listed in NSE?

Ans. No, Hexaware was delisted on November 2020 from NSE & BSE.

Ques. Can Hexaware be listed again?

Ans. Yes, Hexaware can be listed again in the future.

Ques. Is Hexaware public?

Ans. Hexaware was a public company before 2019. But in 2019 management of Hexaware decided to delist the company from NSE or BSE.

Ques. Is it legal to buy Hexaware Technologies shares in India?

Ans. Yes, Buying & Selling Hexaware shares in India is 100% legal.

Ques. How to buy Hexaware shares?

Ans. Yes, You can easily buy Hexaware shares from the Unlistedzone Platform.

Business Performance of Hexaware Unlisted Share in FY20-21

1. In FY20-21, revenue of Hexaware grew 14.6%, from 6262 Crores in 2020 to 7177 Crores.

2. Revenue growth was secular across verticals, with the exception of Global Travel and Transportation. All verticals grew with Healthcare & Insurance and Manufacturing & Consumer leading the growth.

3. Gross margins for the year was 34.3%, up from 33.8% in 2020.

4. The Board of Directors approved an overall dividend of 400% amounting to Rs.8 per share (including third interim dividend for 2020).

5. EPS of FY21 stands at Rs. 25 per share. So, P/E at Rs.650 per share is 26x which looks reasonably priced.

Business Performance of Hexaware Unlisted Share in FY21-22

1. Hexaware has generated a Revenue of Rs.9200 Crores in Fy21-22 a jump of 28% YoY.

2. Growth Across Different Verticals - Growth has been broad-based across verticals, with Hi-tech & Professional Services, Healthcare & Insurance, and Global Travel & Transportation leading the pack by posting y-o-y growth of 30%, 28%, and 21%, respectively

3. Hexaware Has 40+ offices in 19 Countries with employee strength of 1100 in Europe and 23000 in Asia Pacific countries.

4. PAT has increased from 749 Crores in Fy21 to 884 Crores in Fy22. A jump of 18% in the PAT.

5. Current market price of Hexware in the Unlisted market is around 550 per share. The delisting price was ~475 per share in 2020.

6. Valuation of the Hexaware in terms of P/E is 18x while its peers like Wipro, Infosys, and TCS are trading at P/E of 18x, 25x, and 30x respectively.

Business Performance of Hexaware Unlisted Share in FY22-23

1. Hexaware has generated a Revenue of Rs. 10,380 Cr. in Calendar Year 2023 a jump of 12.83% YoY.

2. Geographical Revenue share is

1. America 72%
2. Europe 22%
3. Asia Pacific 6%

3. Hexaware has 50 offices in 19 countries with employee strength of 5,200 employees in the USA, 1,100 employees in Europe and 22,000 employees in Asia Pacific countries.

4. PAT has increased from 884 Crores in Calendar Year 2022 to 997.60 Crore in Calendar Year 2023. A jump of 12.85% in the PAT.

5. Current Market Price of Hexaware in the Unlisted Market is around Rs. 925 per share. The delisting price was Rs. 475 per share in 2020.

6. Valuation of Hexaware in terms of P/E is 28. Its peers like Wipro, Infosys and TCS are trading at P/E of 20.80, 24.10 and 30.10 respectively.

7. Growth across different verticals - Growth has been broad based across verticals, with Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking and Travel and Transportation leading the pack by posting Y-o-Y growth of 7.25%, 8.31%, 12.09%, 11.54%, 36% and 31.45% respectively.