Hexaware Technologies: Financial Statement Analysis
Contents
Introduction 3
Base Data 3
Financial Data Analysis 3
Trend and Growth Analysis 3
Common Size Analysis 3
Ratio Analysis 4
Profitability ratios, 4
Solvency ratios 4
Activity Ratios 4
Du-Pont Analysis 5
Qualitative details of the financial report data 5
Chairman’s letter highlights 5
Directors’ report highlights 5
Management Discussion and Analysis 5
Auditor’s report highlights 6
Significant Accounting Policies 6
Revenue Recognition 6
Depreciation 6
Foreign Currency Transaction /Translation 6
Key Observations 7
Reference 7
Introduction
Hexaware Technologies’ is engaged in the business of providing software application, development, maintenance, re-engineering, consultancy, business process outsourcing services and software testing.
For analysis of “Hexaware Technologies Ltd. India” financial reports between years 2004-09, consolidated results (which consist of Indian and Global operations including all its subsidiaries), rather than standalone results (India operations only) results have been considered due the following reasons:-
• Hexaware Technologies Ltd. India has 100% holding in all its local and global subsidiaries and all of these are in the same core business.
• The company derives ~60% of its total revenue from onsite/global operations.
• In company’s annual report addressed to share holders, the Directors’ Report primary refers to the overall consolidated results.
Base Data
Put data table here.
Financial Data Analysis
Trend and Growth Analysis
Item (Fig in million Rs) 2009 2008 2007 2006 2005 2004 Analysis
Total Assets 8670.36 6820.18 7066.74 7447.99 3543.24 2639.47
Total Income 10760.4 11755.1 10686.7 8763.81 6932.34 2664.51
Capital Employed 5961.5 3109.06 4274.08 5882.38 2373.35 2128.85
Net Working Capital 2922.66 2238.65 1427.98 2280.76 1920.38 1043.81
Net Worth 8496.86 6625 7059.11 7394.85 3474.02 2669.64
Common Size Analysis
Item (as % of total funds) 2009 2008 2007 2006 2005 2004 Analysis
Introduction 3
Base Data 3
Financial Data Analysis 3
Trend and Growth Analysis 3
Common Size Analysis 3
Ratio Analysis 4
Profitability ratios, 4
Solvency ratios 4
Activity Ratios 4
Du-Pont Analysis 5
Qualitative details of the financial report data 5
Chairman’s letter highlights 5
Directors’ report highlights 5
Management Discussion and Analysis 5
Auditor’s report highlights 6
Significant Accounting Policies 6
Revenue Recognition 6
Depreciation 6
Foreign Currency Transaction /Translation 6
Key Observations 7
Reference 7
Introduction
Hexaware Technologies’ is engaged in the business of providing software application, development, maintenance, re-engineering, consultancy, business process outsourcing services and software testing.
For analysis of “Hexaware Technologies Ltd. India” financial reports between years 2004-09, consolidated results (which consist of Indian and Global operations including all its subsidiaries), rather than standalone results (India operations only) results have been considered due the following reasons:-
• Hexaware Technologies Ltd. India has 100% holding in all its local and global subsidiaries and all of these are in the same core business.
• The company derives ~60% of its total revenue from onsite/global operations.
• In company’s annual report addressed to share holders, the Directors’ Report primary refers to the overall consolidated results.
Base Data
Put data table here.
Financial Data Analysis
Trend and Growth Analysis
Item (Fig in million Rs) 2009 2008 2007 2006 2005 2004 Analysis
Total Assets 8670.36 6820.18 7066.74 7447.99 3543.24 2639.47
Total Income 10760.4 11755.1 10686.7 8763.81 6932.34 2664.51
Capital Employed 5961.5 3109.06 4274.08 5882.38 2373.35 2128.85
Net Working Capital 2922.66 2238.65 1427.98 2280.76 1920.38 1043.81
Net Worth 8496.86 6625 7059.11 7394.85 3474.02 2669.64
Common Size Analysis
Item (as % of total funds) 2009 2008 2007 2006 2005 2004 Analysis