Hexaware Technologies Limited DCF Valuation
HEXT · Information Technology · Current price ₹582.2
Hexaware Technologies Limited cash-flow valuation
Our engine did not use a discounted-cash-flow model for Hexaware Technologies Limited. It routes each business to the methods that suit it, and a DCF is a poor lens where cash-flow forecasts are fragile or the business is capital-structure driven. The methods it did use, and why, are set out below. Our published estimate is ₹683.
Try your own assumptions
Prefer to build the discounted cash flow yourself? The DCF calculator below opens pre-filled with Hexaware Technologies Limited's reported free cash flow, net debt and share count, so you can set your own growth and discount rate.
How we got this fair value
Every number below is part of the same estimate for Hexaware Technologies Limited. Nothing here is a target price or a forecast of where the share price will go.
The models agree and the inputs are well covered. Treat this as our firmest estimate.
Estimate range ₹615 – ₹752
Why this method for this business
Hexaware Technologies, as an IT services provider, is best valued using relative P/E and EV/EBITDA due to its earnings power and asset-light nature. These models align with its growth potential and scalable moat.
The models behind the number
Each method is weighted by how well its inputs held up for this company.
required inputs missing
- dcf: Not used due to lack of reliable cash flow projections and sensitivity to discount rates
- fair multiple (P/E): Not used as it was already incorporated into the relative P/E model
What was missing
- Lack of detailed cash flow projections for DCF analysis
- Limited analyst coverage for forward-looking estimates
What drives it
14 inputs, grouped by how strong each claim is
- Sector-median P/E
- 24.03×
- Peers used
- 11
- EPS (TTM)
- 22.01 ₹/share
peer-median
peer-median
computed
- Term: quality
- +8.9%
- Term: growth
- +0.0%
- Term: capital_allocation
- +7.0%
- Term: financial_strength
- +9.4%
- Term: history
- +0.0%
- Term: sector_rerating
- +0.0%
- Term: rate_regime
- +1.2%
- Term: risk
- +0.0%
quality 73/100 (high, stable returns) → premium
growth: no CAGR history → neutral
capital allocation: rising ROCE funded by strong FCF → premium
financial strength: low leverage (D/E 0.1) → mild premium
history: no reliable own-history P/E → not used
sector re-rating: no sector-norm history → not used
rates: risk-free 6.9% below ~7.1% normal → higher multiple
risk: no analyst-dispersion signal available → neutral (lowers confidence, not PE)
- Premium vs sector
- +29.2%
- Fair-multiple confidence
- 64%
- Fair P/E
- 31.04×
fundamentals + macro (not capped at own history)
data completeness + term agreement
sector median × ∏(1+term) — Dynamic Fair Multiple
Who computed this
A language model (qwen3:8b) selects the valuation method and the judgement inputs for Hexaware Technologies Limited: which models suit the business, the moat, the growth and margin assumptions. It does not produce the number. The fair value itself is computed in Python by a deterministic engine (version 2026.08.1) from those inputs, so the same inputs always give the same result and every figure above can be traced to a source.
Estimated 14 Sept 2026. Re-run as new financials and news arrive.
How we value stocks
We estimate what a business is worth from its own economics: cash flows, returns on capital, and a multiple justified by its quality, rather than from where the share price has been. A fair value estimate is a view, not a verdict, and it is only as good as the inputs listed above.
Read the full fair-value methodologyMore on Hexaware Technologies Limited
DocStoX estimates are computed from reported financials, for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.