Happiest Minds Technologies, 543227, HAPPSTMNDS Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

5,748.37
31.00
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

6,009.56
1.59%
3.44

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

15.82
21.65
12.97

EBITDA CAGR (%)

10 Years
5 Years
3 Years

57.84
12.94
0.38

PAT CAGR (%)

10 Years
5 Years
3 Years

40.94
2.59
-7.19

P:E (Median)

8 Years
5 Years
3 Years

-
56.03
50.42

P:BV (Average)

8 Years
5 Years
3 Years

-
14.80
8.36

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
40.15
25.99

Earnings Forecasts:

(Updated: 21-02-2026)

Description 2024 2025 2026 2027
Adj EPS 12.26 15.54 20.33 24.3
P/E Ratio 30.75 24.26 18.55 15.52
Revenue 2060.84 2325.99 2661.87 3034.07
EBITDA 354.42 417.02 493.98 570.7
Net Income 184.66 232.42 298.28 361.45
ROA 6.59
P/B Ratio 3.59 3.32 3.00 2.69
ROE 12.09 14.21 16.49 18.03
FCFF 231.32 256.4 259.17 292.65
FCFF Yield 3.97 4.41 4.45 5.03
Net Debt -165.03 31.1 -98.9
BVPS 104.94 113.58 125.49 139.98

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 432.69 403.60 7.21% 430.45 403.01 6.81% 402.41 372.40 8.06% 361.09 375.24 -3.77%
Expenses 372.19 341.43 9.01% 362.66 333.56 8.72% 343.36 311.94 10.07% 334.92 307.70 8.85%
EBITDA 60.50 62.17 -2.69% 67.79 69.45 -2.39% 59.05 60.46 -2.33% 26.17 67.54 -61.25%
EBIDTM 13.98% 15.40% 15.75% 17.23% 14.67% 16.24% 7.25% 18.00%
Other Income 15.72 22.28 -29.44% 39.00 26.53 47.00% 28.72 26.15 9.83% 92.99 25.47 265.10%
Interest 23.30 24.34 -4.27% 23.94 24.93 -3.97% 23.33 17.73 31.58% 24.55 10.33 137.66%
Depreciation 12.92 12.92 0.00% 13.10 12.66 3.48% 9.41 9.06 3.86% 9.24 9.13 1.20%
PBT 19.59 47.19 -58.49% 69.75 58.39 19.46% 55.03 59.82 -8.01% 61.93 73.91 -16.21%
Tax 5.56 12.76 -56.43% 13.52 15.46 -12.55% 14.45 15.98 -9.57% 4.17 19.98 -79.13%
PAT 14.03 34.43 -59.25% 56.23 42.93 30.98% 40.58 43.84 -7.44% 57.76 53.93 7.10%
PATM 3.24% 8.53% 13.06% 10.65% 10.08% 11.77% 16.00% 14.37%
EPS 0.92 2.26 -59.29% 3.69 2.82 30.85% 2.66 2.88 -7.64% 3.79 3.54 7.06%

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 587.56 530.81 10.69% 573.57 521.64 9.96% 549.90 463.82 18.56% 544.57 417.29 30.50%
Expenses 480.46 436.91 9.97% 474.92 429.84 10.49% 455.88 378.98 20.29% 460.69 334.28 37.82%
EBITDA 107.10 93.90 14.06% 98.65 91.80 7.46% 94.02 84.84 10.82% 83.88 83.01 1.05%
EBIDTM 18.23% 17.69% 17.20% 17.60% 17.10% 18.29% 15.40% 19.89%
Other Income 15.72 22.96 -31.53% 21.61 27.03 -20.05% 30.03 25.44 18.04% 25.95 25.21 2.94%
Interest 24.52 26.93 -8.95% 25.41 27.99 -9.22% 24.82 19.83 25.16% 24.74 10.33 139.50%
Depreciation 22.07 20.99 5.15% 22.19 23.12 -4.02% 22.36 22.04 1.45% 22.55 14.69 53.51%
PBT 54.20 68.94 -21.38% 72.66 67.72 7.29% 76.87 68.41 12.37% 50.38 96.15 -47.60%
Tax 13.90 18.84 -26.22% 18.64 18.20 2.42% 19.74 17.38 13.58% 16.38 24.17 -32.23%
PAT 40.30 50.10 -19.56% 54.02 49.52 9.09% 57.13 51.03 11.95% 34.00 71.98 -52.76%
PATM 6.86% 9.44% 9.42% 9.49% 10.39% 11.00% 6.24% 17.25%
EPS 2.68 3.34 -19.76% 3.60 3.31 8.76% 3.80 3.41 11.44% 2.27 4.82 -52.90%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 1,626.64 1,481.37 1,472.88 1,332.55 1,033.54 760.96 698.21 590.36 443.65 430.77 341.16 Net Sales Growth 4.66% 0.58% 10.53% 28.93% 35.82% 8.99% 18.27% 33.07% 2.99% 26.27% Cost Of Goods Sold 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Gross Profit 1,626.64 1,481.37 1,472.88 1,332.55 1,033.54 760.96 698.21 590.36 443.65 430.77 341.16 GP Margin 100.00% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Total Expenditure 1,413.13 1,284.66 1,184.04 1,025.98 788.28 571.28 599.38 531.91 460.52 429.97 339.11 Power & Fuel Cost - 4.80 5.49 4.35 2.04 1.84 4.49 3.91 4.29 2.94 2.21 % Of Sales - 0.32% 0.37% 0.33% 0.20% 0.24% 0.64% 0.66% 0.97% 0.68% 0.65% Employee Cost - 1,017.94 947.72 786.90 612.10 450.12 441.23 381.42 340.78 305.35 236.89 % Of Sales - 68.72% 64.34% 59.05% 59.22% 59.15% 63.19% 64.61% 76.81% 70.88% 69.44% Manufacturing Exp. - 17.70 20.65 18.70 15.05 8.07 8.52 7.00 6.89 8.05 6.11 % Of Sales - 1.19% 1.40% 1.40% 1.46% 1.06% 1.22% 1.19% 1.55% 1.87% 1.79% General & Admin Exp. - 62.37 48.36 37.76 22.17 12.92 46.62 35.42 54.78 55.77 44.83 % Of Sales - 4.21% 3.28% 2.83% 2.15% 1.70% 6.68% 6.00% 12.35% 12.95% 13.14% Selling & Distn. Exp. - 7.49 4.94 4.56 2.36 2.32 4.49 5.09 6.48 6.27 6.91 % Of Sales - 0.51% 0.34% 0.34% 0.23% 0.30% 0.64% 0.86% 1.46% 1.46% 2.03% Miscellaneous Exp. - 23.76 10.15 18.88 5.52 10.72 9.05 21.43 2.57 2.75 6.91 % Of Sales - 1.60% 0.69% 1.42% 0.53% 1.41% 1.30% 3.63% 0.58% 0.64% 0.76% EBITDA 213.51 196.71 288.84 306.57 245.26 189.68 98.83 58.45 -16.87 0.80 2.05 EBITDA Margin 13.13% 13.28% 19.61% 23.01% 23.73% 24.93% 14.15% 9.90% -3.80% 0.19% 0.60% Other Income 176.43 168.87 111.26 36.57 38.12 23.42 15.98 11.62 16.58 15.05 9.76 Interest 95.12 91.68 42.27 21.50 8.30 6.45 7.99 15.89 5.92 2.48 1.30 Depreciation 44.67 37.19 34.30 29.96 24.23 20.63 20.23 20.24 6.87 5.96 5.06 PBT 206.30 236.71 323.53 291.68 250.85 186.02 86.59 33.94 -13.08 7.41 5.45 Tax 37.70 44.71 79.23 75.30 64.37 24.09 1.90 0.00 0.00 3.17 0.00 Tax Rate 18.27% 20.96% 24.38% 25.82% 25.66% 12.95% 2.52% 0.00% 0.00% 42.78% 0.00% PAT 168.60 168.56 245.73 216.38 186.48 161.93 73.43 4.11 -13.08 4.24 5.45 PAT before Minority Interest 168.60 168.56 245.73 216.38 186.48 161.93 73.43 4.11 -13.08 4.24 5.45 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 10.36% 11.38% 16.68% 16.24% 18.04% 21.28% 10.52% 0.70% -2.95% 0.98% 1.60% PAT Growth -3.73% -31.40% 13.56% 16.03% 15.16% 120.52% 1,686.62% - - -22.20% EPS 11.07 11.07 16.13 14.21 12.24 10.63 4.82 0.27 -0.86 0.28 0.36

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Net Sales 2,255.60 2,060.84 1,624.66 1,429.29 1,093.65 773.41 698.21 595.58 467.61 Net Sales Growth 16.66% 26.85% 13.67% 30.69% 41.41% 10.77% 17.23% 27.37% Cost Of Goods Sold 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Gross Profit 2,255.60 2,060.84 1,624.66 1,429.29 1,093.65 773.41 698.21 595.58 467.61 GP Margin 100.00% 100% 100% 100% 100% 100% 100% 100% 100% Total Expenditure 1,871.95 1,709.80 1,288.81 1,084.76 835.98 582.40 601.11 551.34 491.16 Power & Fuel Cost - 5.14 5.67 4.41 2.04 1.84 4.49 3.91 4.33 % Of Sales - 0.25% 0.35% 0.31% 0.19% 0.24% 0.64% 0.66% 0.93% Employee Cost - 1,365.34 1,014.69 806.81 620.00 452.38 441.23 376.15 352.54 % Of Sales - 66.25% 62.46% 56.45% 56.69% 58.49% 63.19% 63.16% 75.39% Manufacturing Exp. - 19.97 20.86 19.56 15.41 8.17 8.52 7.01 6.95 % Of Sales - 0.97% 1.28% 1.37% 1.41% 1.06% 1.22% 1.18% 1.49% General & Admin Exp. - 78.10 49.81 38.46 22.87 13.19 47.15 52.70 55.45 % Of Sales - 3.79% 3.07% 2.69% 2.09% 1.71% 6.75% 8.85% 11.86% Selling & Distn. Exp. - 12.16 10.13 7.81 4.07 2.99 4.49 5.84 7.80 % Of Sales - 0.59% 0.62% 0.55% 0.37% 0.39% 0.64% 0.98% 1.67% Miscellaneous Exp. - 29.91 11.39 19.09 6.74 11.50 10.14 21.78 8.76 % Of Sales - 1.45% 0.70% 1.34% 0.62% 1.49% 1.45% 3.66% 1.87% EBITDA 383.65 351.04 335.85 344.53 257.67 191.01 97.10 44.24 -23.55 EBITDA Margin 17.01% 17.03% 20.67% 24.10% 23.56% 24.70% 13.91% 7.43% -5.04% Other Income 93.31 104.76 85.37 35.44 37.10 24.24 16.02 4.22 16.72 Interest 99.49 99.48 42.27 21.86 9.95 6.49 8.02 6.90 6.06 Depreciation 89.17 88.70 58.29 41.91 32.88 22.74 20.23 5.82 6.87 PBT 254.11 267.62 320.66 316.20 251.94 186.02 84.87 35.74 -19.76 Tax 68.66 70.80 86.29 78.87 64.65 23.56 1.90 0.00 0.00 Tax Rate 27.02% 27.71% 25.78% 25.45% 26.30% 12.67% 2.58% 0.00% 0.00% PAT 185.45 184.66 248.39 230.99 181.20 162.46 71.71 18.27 -19.76 PAT before Minority Interest 185.45 184.66 248.39 230.99 181.20 162.46 71.71 18.27 -19.76 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 8.22% 8.96% 15.29% 16.16% 16.57% 21.01% 10.27% 3.07% -4.23% PAT Growth -16.70% -25.66% 7.53% 27.48% 11.54% 126.55% 292.50% - EPS 12.18 12.12 16.31 15.17 11.90 10.67 4.71 1.20 -1.30

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 1,552.09 1,473.70 825.98 669.74 546.67 265.61 -67.59 191.89 203.95 125.80 Share Capital 30.01 29.87 28.66 28.54 28.37 45.13 28.27 48.65 48.39 41.45 Total Reserves 1,521.40 1,442.20 794.66 637.35 514.69 215.94 -98.26 142.94 155.03 84.07 Non-Current Liabilities 404.99 167.68 189.68 70.04 79.66 31.18 47.49 32.03 11.23 8.22 Secured Loans 94.76 104.45 112.78 17.24 36.61 1.32 8.50 18.14 5.07 4.01 Unsecured Loans 240.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 40.44 29.88 21.79 18.58 16.53 12.55 9.40 8.12 5.71 3.46 Current Liabilities 1,075.92 550.13 548.28 336.04 270.36 211.32 431.89 135.76 96.12 79.46 Trade Payables 86.58 68.80 62.43 52.94 39.71 34.63 29.07 23.84 15.54 13.72 Other Current Liabilities 204.26 130.84 130.29 115.81 105.85 95.07 332.72 34.19 27.80 28.93 Short Term Borrowings 757.82 329.59 337.99 152.71 109.72 69.16 60.12 68.54 45.00 29.77 Short Term Provisions 27.26 20.90 17.57 14.58 15.08 12.46 9.98 9.19 7.78 7.04 Total Liabilities 3,033.00 2,191.51 1,563.94 1,075.82 896.69 508.11 411.79 359.68 311.30 213.48 Net Block 205.81 203.08 199.02 63.48 28.92 37.80 61.10 44.04 10.73 8.39 Gross Block 281.22 241.29 257.09 92.08 56.04 63.73 88.95 70.41 31.84 24.27 Accumulated Depreciation 75.41 38.21 58.07 28.60 27.12 25.93 27.85 26.37 21.11 15.88 Non Current Assets 1,250.41 438.70 529.90 171.89 164.99 63.00 79.46 87.35 27.40 27.06 Capital Work in Progress 0.18 0.31 2.66 0.35 0.14 0.17 0.17 0.14 0.28 0.11 Non Current Investment 924.46 197.19 197.19 60.25 97.20 0.00 0.00 23.40 0.00 0.00 Long Term Loans & Adv. 119.00 37.69 58.79 36.67 17.57 21.02 17.89 17.02 14.49 17.59 Other Non Current Assets 0.96 0.43 72.24 11.14 21.16 4.01 0.30 2.75 1.90 0.97 Current Assets 1,782.59 1,752.81 1,034.04 903.93 731.70 445.11 332.33 272.33 283.90 186.42 Current Investments 350.39 0.00 0.00 464.00 391.48 83.37 98.15 137.30 155.33 69.75 Inventories 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Sundry Debtors 264.31 231.96 198.85 161.27 116.10 114.87 127.52 93.93 67.03 68.19 Cash & Bank 975.41 1,323.55 674.07 156.72 138.87 189.57 26.05 14.93 7.17 14.46 Other Current Assets 192.48 46.90 33.33 12.99 85.25 57.30 80.61 26.17 54.37 34.02 Short Term Loans & Adv. 130.79 150.40 127.79 108.95 71.44 50.61 72.47 19.69 45.90 30.25 Net Current Assets 706.67 1,202.68 485.76 567.89 461.34 233.79 -99.56 136.57 187.78 106.96 Total Assets 3,033.00 2,191.51 1,563.94 1,075.82 896.69 508.11 411.79 359.68 311.30 213.48

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Shareholder's Funds 1,574.58 1,480.24 838.82 665.80 545.99 265.31 206.78 185.36 Share Capital 30.01 29.87 28.66 28.54 28.37 45.13 48.66 48.65 Total Reserves 1,543.89 1,448.74 807.50 633.41 514.01 215.64 157.78 136.41 Non-Current Liabilities 540.45 184.21 213.15 87.63 86.91 31.18 24.22 32.09 Secured Loans 94.76 104.45 112.78 17.24 36.61 1.32 11.55 18.14 Unsecured Loans 240.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 59.40 33.38 24.66 18.58 16.53 12.55 9.40 8.12 Current Liabilities 1,207.90 566.98 576.40 364.61 278.79 211.66 155.34 137.20 Trade Payables 104.81 79.15 70.52 60.72 44.99 34.42 28.64 24.97 Other Current Liabilities 247.82 136.76 153.97 134.21 109.00 95.62 55.07 34.46 Short Term Borrowings 815.86 329.59 328.99 152.71 109.72 69.16 60.11 68.54 Short Term Provisions 39.41 21.48 22.92 16.97 15.08 12.46 11.52 9.23 Total Liabilities 3,322.93 2,231.43 1,628.37 1,118.04 911.69 508.15 386.34 354.65 Net Block 1,211.15 412.94 431.59 157.60 128.29 37.81 34.04 53.98 Gross Block 1,386.17 499.69 513.74 197.20 157.53 73.04 82.82 80.35 Accumulated Depreciation 175.02 86.75 82.15 39.60 29.24 35.23 48.78 26.37 Non Current Assets 1,321.98 453.66 555.39 190.65 167.16 63.01 107.01 74.01 Capital Work in Progress 0.18 0.31 2.66 0.35 0.14 0.17 0.17 0.14 Non Current Investment 0.00 0.00 12.96 7.62 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 108.58 39.98 35.68 13.94 17.57 21.02 20.49 17.14 Other Non Current Assets 2.07 0.43 72.50 11.14 21.16 4.01 52.31 2.75 Current Assets 2,000.95 1,777.77 1,072.98 927.39 744.53 445.14 279.33 280.64 Current Investments 350.39 0.00 0.00 464.00 391.48 83.37 90.41 137.30 Inventories 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Sundry Debtors 358.13 254.44 213.19 167.38 121.92 114.87 133.45 101.51 Cash & Bank 1,058.23 1,336.53 691.83 168.00 145.18 189.60 25.63 16.23 Other Current Assets 234.20 43.19 32.03 13.19 85.95 57.30 29.84 25.60 Short Term Loans & Adv. 182.99 143.61 135.93 114.82 71.88 50.57 21.92 18.51 Net Current Assets 793.05 1,210.79 496.58 562.78 465.74 233.48 123.99 143.44 Total Assets 3,322.93 2,231.43 1,628.37 1,118.04 911.69 508.15 386.34 354.65

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 101.66 189.07 171.79 159.27 149.87 112.62 58.43 2.69 -11.18 -13.01 PBT 213.27 324.96 291.68 250.85 186.02 75.33 4.11 -13.08 7.41 5.45 Adjustment 0.07 -27.43 28.76 11.95 20.28 36.59 79.38 2.10 -2.29 5.90 Changes in Working Capital -41.99 -23.92 -64.59 -50.78 -20.43 6.75 -21.70 13.47 -15.63 -15.33 Cash after chg. in Working capital 171.35 273.61 255.85 212.02 185.87 118.67 61.79 2.49 -10.51 -3.99 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -69.69 -84.54 -84.06 -52.75 -36.00 -6.05 -3.36 0.20 -0.67 -3.38 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -5.64 Cash From Investing Activity -607.69 -435.09 -343.44 -110.77 -283.70 -74.49 -0.51 -27.41 -76.40 2.78 Net Fixed Assets -39.80 18.15 -167.32 -36.25 7.72 25.22 -18.57 -38.43 -7.74 -6.74 Net Investments -1,077.66 0.00 327.06 -35.57 -405.31 14.78 62.55 -5.37 -85.58 -1.67 Others 509.77 -453.24 -503.18 -38.95 113.89 -114.49 -44.49 16.39 16.92 11.19 Cash from Financing Activity 450.07 358.21 102.46 -72.17 169.91 -12.80 -58.34 32.74 80.57 16.88 Net Cash Inflow / Outflow -55.96 112.19 -69.19 -23.67 36.08 25.33 -0.42 8.02 -7.01 6.65 Opening Cash & Equivalents 101.09 -11.53 56.01 79.52 43.50 16.05 15.22 7.17 14.15 7.82 Closing Cash & Equivalent 45.11 101.09 -11.53 56.01 79.52 43.50 16.05 14.93 7.17 14.48

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Cash From Operating Activity 236.42 212.56 207.17 168.12 143.17 112.22 PBT 255.46 334.68 309.86 245.85 186.02 73.61 Adjustment 112.87 10.93 48.66 30.71 22.30 37.64 Changes in Working Capital -31.94 -30.63 -62.53 -54.97 -29.15 7.02 Cash after chg. in Working capital 336.39 314.98 295.99 221.59 179.17 118.27 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -99.97 -102.42 -88.82 -53.47 -36.00 -6.05 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -762.16 -466.41 -351.02 -96.08 -283.63 -73.74 Net Fixed Assets -39.80 18.15 -167.32 -36.25 7.72 Net Investments -1,077.66 0.00 327.06 -35.57 -405.31 Others 355.30 -484.56 -510.76 -24.26 113.96 Cash from Financing Activity 499.45 363.47 72.07 -90.78 169.84 -13.34 Net Cash Inflow / Outflow -26.29 109.62 -71.78 -18.74 29.38 25.14 Opening Cash & Equivalents 108.97 -1.20 67.29 85.83 43.53 16.27 Closing Cash & Equivalent 119.11 108.97 -1.20 67.29 85.83 43.53

Financial Ratios

Standalone /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 15
Book Value (Rs.) 103.39 98.57 57.49 46.70 38.28 51.13 -30.92 40.46 44.65 28.02 ROA 6.45% 13.09% 16.39% 18.91% 23.05% 15.96% 1.07% -3.90% 1.62% -16.15% ROE 11.15% 21.41% 29.06% 30.85% 42.18% 110.89% 14.15% -8.37% 3.34% -34.83% ROCE 13.34% 22.82% 28.96% 32.65% 35.34% 47.29% 13.46% -2.62% 4.71% -20.90% Fixed Asset Turnover 5.67 5.91 7.63 13.96 12.71 9.15 7.41 8.68 15.35 16.90 Receivable days 61.14 53.38 49.32 48.98 55.39 63.36 68.46 66.21 57.29 81.12 Inventory Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Payable days 0.00 0.00 0.00 0.00 0.00 21.06 20.00 19.37 16.03 32.33 Cash Conversion Cycle 61.14 53.38 49.32 48.98 55.39 42.30 48.46 46.84 41.26 48.79 Total Debt/Equity 0.71 0.30 0.58 0.29 0.33 0.30 -1.08 0.51 0.26 0.12 Interest Cover 3.33 8.69 14.57 31.22 29.84 10.43 1.26 -1.21 3.99 -20.80

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Book Value (Rs.) 104.89 99.00 58.39 46.42 38.24 51.06 ROA 6.65% 12.87% 16.82% 17.85% 22.88% 16.03% ROE 12.10% 21.46% 30.84% 30.09% 42.37% 36.81% ROCE 15.24% 23.35% 30.67% 32.32% 35.37% 25.83% Fixed Asset Turnover 2.19 3.21 4.02 6.17 6.71 8.96 Receivable days 54.25 52.53 48.59 48.28 55.87 64.91 Inventory Days 0.00 0.00 0.00 0.00 0.00 0.00 Payable days 0.00 0.00 0.00 0.00 0.00 0.00 Cash Conversion Cycle 54.25 52.53 48.59 48.28 55.87 64.91 Total Debt/Equity 0.74 0.30 0.56 0.29 0.33 0.30 Interest Cover 3.57 8.92 15.17 25.71 29.66 10.18

Top Investors:

sbi small cap fund

nuggehalli krishnamacharya sriranganarayanan

Annual Reports:

News Update:

Happiest Minds Technologies enters into strategic partnership with IBSFINtech
30th Jan 2026, 15:42 PM

Happiest Minds will act as a reseller of IBSFINtech’s award-winning platform and serve as the System Integration partner for implementation and ongoing support
Read More
Happiest Minds Technologies launches ELAIRA
27th Nov 2025, 16:57 PM

Designed specifically for regulated environments, ELAIRA adheres to pharma-grade standards including GxP, 21 CFR Part 11, EU Annex 11, and ALCOA+
Read More

Happiest Minds Technologies Ltd.

IT - Software

BSE: 543227 | NSE: HAPPSTMNDS

Stock Summary

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores /

Results Balance Sheet

Standalone Figures in Rs. Crores /

Cash Flow

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Top Investors:

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News Update:

Happiest Minds Technologies Ltd.

IT - Software

BSE: 543227 | NSE: HAPPSTMNDS

Stock Summary

Shareholding Pattern

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores /

Results Balance Sheet

Standalone Figures in Rs. Crores /

Cash Flow

Standalone Figures in Rs. Crores /

Financial Ratios

Standalone /

Top Investors:

Annual Reports:

News Update: