One-glance verdict
Undervalued
$119.60 our estimate vs market $33.44
Wall Street consensus: $42.18 (-64.7% lower than our fair-value estimate)
72% below our estimate, below the bear case
Fundamentals snapshot
Genpact Limited
G · NYQ · Technology · Information Technology Services
Current price
$33.44
52-week range
$26.85 - $48.64
Market cap
$5.62B
Balance sheet
Watch
10.34x Adequate
Net debt $893.92M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
0 Risks
3 rewards · 0 risks
- Reward Revenue grew 3.3% last year.
- Reward Returns 22.4% on equity, ahead of 40% of its peers.
- Reward Free cash flow was positive in 10/10 years.
What this company does
Genpact Limited
Genpact helps large companies in sectors like banking, healthcare, and manufacturing run their day-to-day operations more efficiently using technology and AI. The company makes money by managing essential tasks for its clients, such as customer service, financial accounting, and overseeing the supply chain (the entire process of making and delivering a product). Because these services are critical to how its customers do business, Genpact often builds long-term relationships which can create a steady income.
How the company got here
Genpact started in 1997 as a part of General Electric (GE) to help make their internal business operations more efficient. In 2005, it became an independent company and began offering its services to other clients beyond GE. The company went public on the New York Stock Exchange in 2007, and has since grown by acquiring other companies to add new capabilities in areas like artificial intelligence and customer experience design. Over the years, Genpact has shifted its focus from basic back-office work to providing high-tech digital and data-driven solutions for its clients.
What it actually does
Genpact is a professional services firm that helps other companies improve their business operations using technology and data. Think of them as a team of experts that other businesses hire to streamline their processes, such as customer service, accounting, or managing their supply chain (the network involved in getting a product to a customer). They use technologies like artificial intelligence (AI) and data analytics (the science of analyzing raw data to make conclusions about that information) to help their clients become more efficient and make better decisions. Essentially, Genpact helps businesses run smarter by combining industry-specific knowledge with technology.
Financial Services
This is Genpact's largest business line, serving banks, insurance companies, and capital markets firms. They help these financial institutions with a wide range of tasks, from customer service and processing loans to managing financial risks and ensuring they are following regulations. For example, they might help a bank with the process of opening new customer accounts or assist an insurance company with managing claims. This segment is a significant part of Genpact's business, providing a steady stream of revenue (the total amount of money generated from sales).
Consumer and Healthcare
This segment works with companies in the consumer goods, retail, life sciences, and healthcare industries. For a retail company, Genpact might help manage their supply chain to ensure products are delivered to stores on time. In healthcare, they could assist with processing medical claims or managing patient data. This is a large and growing part of Genpact's business, as these industries are increasingly using technology to improve how they operate.
High Tech and Manufacturing
This part of the company serves technology and manufacturing businesses. They offer services like customer support for tech products, managing the supply chain for manufacturers, and providing engineering services. For instance, they might help a software company with customer service or a car manufacturer with managing their parts inventory. This segment is focused on helping companies in these fast-moving industries operate more efficiently and innovate faster.
What management is betting on now
Genpact's leadership is heavily focused on artificial intelligence (AI) and data to drive future growth. They are moving beyond just managing business processes to actively transforming them with advanced technology. The company is investing in what it calls "Data-Tech-AI" services, which aim to provide clients with more sophisticated solutions that use data and AI to predict trends and automate complex tasks. This strategy is about moving up the value chain, offering more specialized and higher-margin (the difference between a product's selling price and the cost of production) services to their clients.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$208.69M
FY2024 Q4
$183.53M
FY2025 Q1
$18.46M
FY2025 Q2
$155.14M
FY2025 Q3
$292.02M
FY2025 Q4
$269.04M
FY2026 Q1
$-47.47M
FY2026 Q2
$58.52M
Revenue
$1.34B
Net income
$145.74M
Diluted EPS
0.86
Operating cash flow
$72.44M
Free cash flow
$58.52M
Fetching…
Sources
Revenue
$1.30B
Net income
$147.99M
Diluted EPS
0.86
Operating cash flow
$-23.54M
Free cash flow
$-47.47M
Fetching…
Sources
Revenue
$1.32B
Net income
$143.09M
Diluted EPS
0.82
Operating cash flow
$286.69M
Free cash flow
$269.04M
Fetching…
Sources
Revenue
$1.29B
Net income
$145.83M
Diluted EPS
0.83
Operating cash flow
$308.36M
Free cash flow
$292.02M
Fetching…
Sources
Revenue
$1.25B
Net income
$132.72M
Diluted EPS
0.75
Operating cash flow
$177.37M
Free cash flow
$155.14M
Fetching…
Sources
Revenue
$1.21B
Net income
$130.85M
Diluted EPS
0.73
Operating cash flow
$40.44M
Free cash flow
$18.46M
Fetching…
Sources
Revenue
$1.25B
Net income
$141.91M
Diluted EPS
0.80
Operating cash flow
$203.25M
Free cash flow
$183.53M
Fetching…
Sources
Revenue
$1.21B
Net income
$132.82M
Diluted EPS
0.74
Operating cash flow
$228.46M
Free cash flow
$208.69M
Fetching…
Sources
Is it cheap or expensive?
Fair value $119.60 vs current price $33.44
Wall Street consensus is the average analyst price target: $42.18 (-64.7% lower than our fair-value estimate).
Our most-likely fair value is $119.60 a share — about 257.7% above today's price of $33.44, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Watch
Net debt $893.9M. Interest coverage 10.3x.
Net debt
$893.92M
Interest coverage
10.34x
Genpact Limited's profit covers its interest bill about 10.3 times over. which is weaker than most peers shown here.
Watch
Worse cushion
Baseline
Better cushion
G
BASELINE
Genpact Limited
Total debt $1.41B Interest coverage 10.34x This is the baseline the peer rows are being compared against.
Total debt $2.09B Interest coverage 89.92x +769% vs G Carries about 8.7x more debt cushion than G.
Total debt $490.17M Interest coverage 17.82x +72% vs G Carries about 1.7x more debt cushion than G.
Total debt $923.00M Interest coverage 87.00x +741% vs G Carries about 8.4x more debt cushion than G.
Total debt $2.21B Interest coverage 18.86x +82% vs G Carries about 1.8x more debt cushion than G.
What you should know
The case for and against G
3 Rewards
0 Risks
Rewards
-
Revenue grew 3.3% last year.
-
Returns 22.4% on equity, ahead of 40% of its peers.
-
Free cash flow was positive in 10/10 years.
Risks
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
9.95x
Forward P/E
7.41x
P/B
2.16x
P/S
1.07x
EV/EBITDA
7.65x
PEG ratio
1.16x
Profitability
How much profit each dollar creates
Gross margin
36.5%
Operating margin
15.0%
Net margin
11.1%
ROE
22.4%
ROA
9.2%
Health
Liquidity and balance-sheet strength
Debt / equity
0.54x
Current ratio
2.00x
Quick ratio
1.77x
Total debt
$1.41B
Total cash
$520.70M
Growth
How the business has been compounding
Revenue TTM
$5.25B
Revenue 5Y CAGR
6.0%
EPS TTM
3.36
EPS 5Y CAGR
18.5%
Cash flow
How much cash the business throws off
Operating CF TTM
$643.96M
Free CF TTM
$734.65M
FCF margin
14.0%
Dividend
Shareholder payout
Yield
2.2%
Payout ratio
21.3%
Last ex-div date
2026-09-10