HOV Services Ltd.
Snapshot View

87.50 +1.75 ▲2.0%

27 July 2021, 04:00:00 P.M.
Volume: 32,167

Overview View Details

Sector Information Technology Compare with Sector peers
Industry BPO/ITeS Compare with Industry peers
Website http://www.hovsltd.com
Financial Indicators
Market Cap 107.95 Cr.
Earnings per share (EPS) 2.04 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 41.97 Trailing Twelve Months Ending 2021-03
Industry PE 43.25 Trailing Twelve Months Ending 2021-03
Book Value / Share 76.21 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.13 Calculated using Price: 85.75
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 1.26 Cr. 12,588,972 Shares
FaceValue 10
Company Profile

HOV Services was incorporated in 1989 under the Companies Act, 1956 as Codec Communications Private Limited under registration number 25-14448 by Anil Rajadhyaksha and Sunil Rajadhyaksha.

The Company commenced its operations as a software services company on January 10, 1989. The name of the Company was changed to HOV Services Private Limited on February 27, 2006. The Company became a public company on January 5, 2006 and the name of the Company was changed to HOV Services Limited on March 9, 2006.

On January 31, 2002 Digital Boardwalk Incorporated (a company created as an acquisition vehicle) acquired 1,694 shares of the Company of the face value Rs. 100 comprising 100% of the issued and outstanding shares of the Company, which were held by Anil Rajadhyaksha and Sunil Rajadhyaksha for a consideration of $ 36,460. Upon completion of the acquisition, the Company retained the services of Anil Rajadhyaksha and Sunil Rajadhyaksha. Anil Rajadhyaksha has since resigned from the Board of the Company, while Sunil Rajadhyaksha continued as one of the Promoters of the Company. Subsequent to this acquisition, the Company entered into the BPO market and became a 100% export oriented company approved under the STPI Scheme.

The company strives to exceed expectations for every one of our customers. As a leader in Global Business Process Outsourcing, they develop fully integrated solutions that combine best-of-breed technology, leading-edge infrastructure and domain expertise to give you the most streamlined process available. Their end to end solutions for healthcare, banking and publishing and their e-content management solutions coupled with workflow based large volume transaction processing services set standards for the industry. HOV Services applies LEAN Six Sigma techniques to improve quality, reduce cost and improve cycle time of your business processes.

HOV Services' customers include over 50% of FORTUNE 100® companies across key verticals such as financial services, telecommunications, healthcare, insurance, construction, publishing, finance and accounting and government. Their customers are serviced from more than 50 locations across North America, as well as India, China and Mexico and their dedicated base of more than 12,000 employees are committed to exceeding expectations every time.

Services offered by the company includes:

BPO Services:

  • Transaction Management
  • Risk Management
  • Content Management
  • Construction Services

HOV Services provides critical support to a wide range of firms in the financial services sector, including consumer credit cards, retail and auto financing, personal loans, mortgages and other banking products. With years of industry experience and 24/7 operational capabilities our clients are able to enhance their operational and customer service capabilities while keeping costs down. Furthermore our outsourced services are tailored to comply with the ever changing regulatory and risk landscape of the financial services marketplace allowing clients to reduce their compliance burden.

  • Industrial Services
  • Financial Services 
  • Healthcare
  • Telecommunications
  • Manufacturing
  • Government
  • Publishing 

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+2.04%
1 Week
+18.00%
1 Month
+69.25%
3 Month
+83.05%
6 Month
+131.79%
1 Year
+116.58%
2 Year
+4.17%
5 Year
-23.81%
9 years 2011-12 2012-12 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 0.73 -0.53 -1.60 -0.66 -0.13 -0.53 0.63 0.03 0.28
Return on Capital Employed (%) 0.65 -0.07 -0.58 -0.33 0.28 0.51 1.04 0.21 1.09
Return on Assets (%) 0.19 -0.48 -1.43 -0.63 -0.13 -0.48 0.45 0.02 0.20

Balance Sheet View Details

Particulars 9 years 2011-12 Rs. Cr. 2012-12 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 212 214 168 578 337 34 716 444 34
Non Curr. Liab. 0 8 7 7 6 3 289 160 1
Curr. Liab. 14 15 14 14 15 13 4 5 16
Minority Int. 1 0
Equity & Liab. 227 239 190 598 358 51 1,010 608 50
Non Curr. Assets 196 214 170 580 338 33 998 597 40
Curr. Assets 30 25 20 18 20 17 11 12 11
Misc. Exp. not W/O
Total Assets 227 239 190 598 358 51 1,010 608 50

Profit Loss View Details

Particulars 9 years 2011-12 Rs. Cr. 2012-12 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 11 14 17 16 15 15 14 11 11
Other Income 1 4 5 2 2 2 5 2 2
Total Income 12 18 22 18 17 17 19 12 13
Total Expenditure -9 -18 -22 -18 -15 -16 -14 -10 -10
PBIDT 2 0 0 0 2 2 5 2 3
Interest 0 -1 -1 -1 -1 -1 -1 -1
Depreciation 0 -1 -1 -1 -1 -1 -1 -1 -1
Taxation -1 -1 0 0 0 -1 -1 -1 -1
Exceptional Items
PAT 1 -1 -3 -2 -1 -1 2 0 1

Cash Flow View Details

Particulars 9 years 2011-12 Rs. Cr. 2012-12 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 18 -11 -7 -4 -1 1 10 3 -3
Cash Fr. Inv. 0 -12 1 1 2 1 1 1 -10
Cash Fr. Finan. -3 8 0 1 -1 -1 -8 -1 8
Net Change 15 -15 -6 -1 0 1 3 2 -4
Cash & Cash Eqvt 24 9 3 1 1 2 5 7 2

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 50.44 50.44 50.44 50.44 50.44 50.44 50.44 50.44 50.44
Public 49.56 49.56 49.56 49.56 49.56 49.56 49.56 49.56 49.56
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 21 Jul 2021
Announcement under Regulation 30 (LODR)-Change in Directorate
It is to inform that the Board of Directors of the Company vide its resolutions by Circulation dated July 20 2021 has unanimously noted/approved the following:

i) Noted and acknowledged that Mr. B R Gupta Independent Director who had served the Company and its Board for 15 years with his unmatched support and guidance will get retire on July 25 2021 completing his tenure including his two terms as an Independent Director of the Company.

ii) With the recommendations from Nomination and Remuneration Committee the Board of Directors have approved the appointment of Mr. Ajay Puri as an Additional Director effective July 26 2021 to hold office as an Independent Director in terms of the provisions of Section 149 of the Companies Act 2013. Mr. Ajay shall hold office as an Additional Director till the date of ensuing Annual General Meeting of the Company and be appointed as a Director by Members in ensuing 33rd Annual General Meeting to be held on September 22 2021.
Wed, 21 Jul 2021
Re-Constitution Of The Committees Of The Board Of Directors Of The Company
It is to inform that the Board of Directors of the Company vide its resolutions by Circulation dated July 20 2021 has approved the following and reconstituted its various committees effective July 26 2021:-

i) Mr. Harjit Singh Anand Independent Director & member of Audit Committee has been appointed as Chairman of the Audit Committee;

ii) Mr. Ajay Puri Independent Director has been appointed as member of the Audit Committee; member of Nomination & Remuneration Committee; member & Chairman of Stakeholder Relationship Committee; and

iii) Mrs. Lakshmi Kumar Independent Director & member of Nomination and Remuneration Committee has been appointed as Chairman of the Nomination and Remuneration Committee.

The composition of Committees of the Board of Directors of the Company w.e.f. July 26 2021 will be as per filings made in PDF.
Wed, 21 Jul 2021
Announcement under Regulation 30 (LODR)-Retirement
Board noted and acknowledged that Mr. B R Gupta Independent Director who had served the Company and its Board for 15 years with his unmatched support and guidance will get retire on July 25 2021 completing his tenure including his two terms as an Independent Director of the Company.

Technical Scans View Details

Mon, 26 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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