Is Hexaware Technologies the Best Stock in Its Sector? A Look at the Numbers
- September 15, 2026
- Posted by: Harsh Piplani
- Category: Market
Hexaware Technologies CMP Rs 523 (15 Sep 2026). Market cap Rs 30,380 Cr. ROE 20.02%. P/E 22.62x versus Industry P/E 17.88x.
Quick Answer
Hexaware Technologies is one of the names investors compare when screening the IT sector, built on a 20.02% return on equity and a P/E of 22.62x against an Industry P/E of 17.88x. Hexaware Technologies Ltd provides IT services and digital transformation solutions including cloud, data and AI-led services to global enterprise clients. Whether Hexaware Technologies is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named IT sector peers, so you can judge that for yourself.
Is Hexaware Technologies the best stock in its sector? The stock trades on the NSE at Rs 523 as of 15 September 2026, within its 52-week range of Rs 400.20 to Rs 807.75. Hexaware Technologies Ltd provides IT services and digital transformation solutions including cloud, data and AI-led services to global enterprise clients.
Hexaware Technologies sits in the IT sector, and its 20.02% ROE and 22.62x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
Click Here – Get Free Investment Predictions
About Hexaware Technologies
Hexaware Technologies Ltd provides IT services and digital transformation solutions including cloud, data and AI-led services to global enterprise clients. At a market capitalisation of Rs 30,380 Cr, it is tracked as part of the IT sector on Univest.
Is Hexaware Technologies the Best Stock in Its Sector?
Hexaware Technologies makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 20.02% ROE with a 22.62x P/E against the sector’s 17.88x Industry P/E. Hexaware Technologies’ 22.62x P/E is above the 17.88x Industry P/E, though its 20.02% ROE is well ahead of Affle 3i’s more platform-heavy business model in this comparison.
| Metric | Hexaware Technologies |
|---|---|
| CMP (NSE) | Rs 522.55 |
| 52-Week High / Low | Rs 807.75 / Rs 400.20 |
| Market Cap | Rs 30,380 Cr |
| P/E (TTM) vs Industry P/E | 22.62x vs 17.88x |
| P/B | 4.53 |
| ROE | 20.02% |
| EPS (TTM) | Rs 21.98 |
| Dividend Yield | 2.31% |
| Debt to Equity | 0.10 |
Compare Hexaware Technologies Against Other IT Sector Stocks
How Hexaware Technologies Compares Against Its IT Sector Peers
The table below sets Hexaware Technologies against 3 other IT sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 3 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Hexaware Technologies | 30,380 | 22.62 | 20.02% | 0.10 |
| Tanla Platforms | 6,668 | 12.51 | 20.46% | 0.02 |
| Newgen Software Technologies | 7,140 | 22.76 | 18.67% | 0.02 |
| Affle 3i | 22,098 | 46.25 | 12.45% | 0.00 |
| Peer average (3 companies) | – | 27.17 | 17.19% | 0.01 |
Against this peer set, Hexaware Technologies’s 20.02% ROE is above the 17.19% peer average, and its P/E of 22.62x runs below the peer average of 27.17x. Hexaware Technologies’ 22.62x P/E is above the 17.88x Industry P/E, though its 20.02% ROE is well ahead of Affle 3i’s more platform-heavy business model in this comparison.
What Makes Hexaware Technologies Worth Watching in IT
- Strong ROE for IT services: A 20.02% ROE is a healthy figure for a mid-sized IT services provider.
- Low leverage: A debt to equity ratio of 0.10 is typical of the asset-light IT services business model.
- Premium to Industry P/E: A 22.62x P/E against a 17.88x Industry P/E reflects a modest premium for its digital and AI-led service mix.
Hexaware Technologies Valuation: Is It Justified?
Hexaware Technologies’ 22.62x P/E is above the 17.88x Industry P/E, though its 20.02% ROE is well ahead of Affle 3i’s more platform-heavy business model in this comparison. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Bata India the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Hexaware Technologies and other IT sector stocks.
How to Track Hexaware Technologies Before You Invest
Before deciding whether Hexaware Technologies deserves its label as the best stock in its sector for your own portfolio, compare it directly against IT sector peers using the steps below.
- Open the Univest Screener and search for Hexaware Technologies to view live price, valuation ratios, and peer comparisons within the IT sector.
- Compare its P/E, P/B, and ROE against other IT sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Hexaware Technologies earns a place in the best stock in its sector conversation on the strength of a 20.02% ROE and a P/E of 22.62x against a 17.88x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Hexaware Technologies the best stock in its sector?
Ans. Hexaware Technologies has a 20.02% ROE and trades at 22.62x P/E against a 17.88x Industry P/E, and compares above the peer average ROE of 17.19% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Hexaware Technologies?
Ans. Hexaware Technologies was trading at Rs 522.55 on the NSE as of 15 September 2026, within its 52-week range of Rs 400.20 to Rs 807.75.
What sector does Hexaware Technologies belong to?
Ans. Hexaware Technologies is classified under the IT sector on Univest.
How does Hexaware Technologies compare to its sector peers on P/E?
Ans. Hexaware Technologies’s P/E of 22.62x is below the 27.17x average of the 3 named peers compared in this article.
What is Hexaware Technologies’s return on equity?
Ans. Hexaware Technologies reported a return on equity of 20.02%, which is above the 17.19% average of its named peers in this comparison.
Should I invest in Hexaware Technologies based on its sector position?
Ans. Hexaware Technologies’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
