Hexaware Technologies Ltd

CMP: 107

Hexaware Technologies Limited specializes in providing its clients with management and technology solutions in the enterprise applications software area. The Company also operates as an offshore-based vendor for the ERP and CRM software products of PeopleSoft, Inc. of U.S.A.

Hexaware is a great pick in mid-cap IT space, outperforming its peers in growth. Its currently trading at a P/E of less than 14 with dividend yields of almost 3% in the last 12 months. It runs at Zero debt with 366 Crores cash in hand. This puts cash to market cap ratio of around 12% making it a safe buy. Revenues have grown steadily from 469 Crores to 679 Crores in the last 5 years. Profits have risen from 37 Crores to 232 Crores in the last 5 years. NPM has raced from over 7% to 34% over the last 5 years. Buy and hold for long term gains.