diff --git a/packages/workspace/src/core/hasher/hasher.spec.ts b/packages/workspace/src/core/hasher/hasher.spec.ts
index fbe616b802fbd..d9ac60a05dc93 100644
--- a/packages/workspace/src/core/hasher/hasher.spec.ts
+++ b/packages/workspace/src/core/hasher/hasher.spec.ts
@@ -6,6 +6,7 @@ jest.doMock('../../utils/app-root', () => {
 });
 
 import fs = require('fs');
+import { DependencyType } from '@nrwl/devkit';
 import { Hasher } from './hasher';
 
 jest.mock('fs');
@@ -272,6 +273,53 @@ describe('Hasher', () => {
     });
   });
 
+  it('should hash dependent npm project versions', async () => {
+    hashes['/filea'] = 'a.hash';
+    hashes['/fileb'] = 'b.hash';
+    const hasher = new Hasher(
+      {
+        nodes: {
+          'npm:react': {
+            name: 'parent',
+            type: 'npm',
+            data: {
+              version: '17.0.0',
+            },
+          },
+          app: {
+            name: 'app',
+            type: 'app',
+            data: {
+              root: '',
+              files: [{ file: '/filea.ts', hash: 'a.hash' }],
+            },
+          },
+        },
+        dependencies: {
+          'npm:react': [],
+          app: [
+            { source: 'app', target: 'npm:react', type: DependencyType.static },
+          ],
+        },
+      },
+      {} as any,
+      {},
+      createHashing()
+    );
+
+    const hash = await hasher.hashTaskWithDepsAndContext({
+      target: { project: 'app', target: 'build' },
+      id: 'app-build',
+      overrides: { prop: 'prop-value' },
+    });
+
+    // note that the parent hash is based on parent source files only!
+    expect(hash.details.nodes).toEqual({
+      app: '/filea.ts|a.hash|""|""|{"compilerOptions":{"paths":{"@nrwl/parent":["libs/parent/src/index.ts"],"@nrwl/child":["libs/child/src/index.ts"]}}}',
+      'npm:react': '17.0.0',
+    });
+  });
+
   it('should hash when circular dependencies', async () => {
     hashes['/filea'] = 'a.hash';
     hashes['/fileb'] = 'b.hash';
diff --git a/packages/workspace/src/core/hasher/hasher.ts b/packages/workspace/src/core/hasher/hasher.ts
index 81c6032a0aadd..36b3900a5ffdc 100644
--- a/packages/workspace/src/core/hasher/hasher.ts
+++ b/packages/workspace/src/core/hasher/hasher.ts
@@ -15,6 +15,7 @@ import { performance } from 'perf_hooks';
 import { appRootPath } from '../../utils/app-root';
 import { workspaceFileName } from '../file-utils';
 import { defaultHashing, HashingImpl } from './hashing-impl';
+import { isNpmProject } from '../project-graph';
 
 export interface Hash {
   value: string;
@@ -341,6 +342,12 @@ class ProjectHasher {
     if (!this.sourceHashes[projectName]) {
       this.sourceHashes[projectName] = new Promise(async (res) => {
         const p = this.projectGraph.nodes[projectName];
+
+        if (isNpmProject(p)) {
+          res(this.hashing.hashArray([p.data.version]));
+          return;
+        }
+
         const fileNames = p.data.files.map((f) => f.file);
         const values = p.data.files.map((f) => f.hash);