Happiest Minds Techno Ltd
NSE: HAPPSTMNDS · Computers - Software & Consulting · sector
₹300.15NSE close 2026-10-26
Key numbers
Market cap₹4,514 cr
Price₹300.15
52w high / low₹531 / ₹299
P/E20.2xSector median 17.5x
P/B2.7xSector median 2.7x
Book value₹112.3
Dividend yield2.08%Sector median 1.66%
ROE13.7%Sector median 14.4%
ROCE12.8%Sector median 15.3%
OPM17.1%Sector median 16.9%
Debt / equity0.84xSector median 0.04x
EV/EBITDA11.1xSector median 13.2x
Interest cover4.0x
Current ratio1.48x
Sales growth 3y+17.4%Sector median +10.8%
Profit growth 3y-2.7%Sector median +14.9%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 80 companies in Computers - Software & Consulting (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,416 cr vs borrowings ₹1,413 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 4.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 35% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹300.15 on 2026-10-26: -43.5% from the 52-week high, +0.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹808.40 · low ₹300.15
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 522 | 531 | 545 | 550 | 574 | 588 | 604 | 629 |
| EBITDA | 92 | 94 | 72 | 94 | 99 | 85 | 107 | 118 |
| OPM % | 17.6% | 17.7% | 13.2% | 17.1% | 17.2% | 14.5% | 17.7% | 18.7% |
| Other income | 27 | 23 | 26 | 30 | 22 | 16 | 18 | 24 |
| Net profit | 41 | 50 | 34 | 57 | 54 | 40 | 61 | 68 |
| EPS (₹) | 3.29 | 3.33 | 2.26 | 3.79 | 3.59 | 2.68 | 4.06 | 4.49 |
| Revenue YoY | +10.0% | +10.7% | +10.9% | +14.3% | ||||
| Profit YoY | +30.7% | -19.6% | +79.9% | +18.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,094 | 1,429 | 1,625 | 2,061 | 2,315 | 2,394 |
| EBITDA | 252 | 353 | 350 | 342 | 385 | 408 |
| Net profit | 181 | 231 | 248 | 185 | 213 | 223 |
| EPS (₹) | 12.84 | 16.13 | 16.73 | 12.26 | 14.12 | 14.82 |
| Revenue growth | +30.7% | +13.7% | +26.8% | +12.3% | +11.5% | |
| Profit growth | +27.5% | +7.5% | -25.7% | +15.1% | +22.2% | |
| Dividend / share (₹) | 4.75 | 4.00 | 5.90 | 5.75 | 6.25 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +17.4% | +24.5% | +11.5% |
| Net profit | -2.7% | +5.5% | +22.2% |
| EPS | -4.3% | +3.7% | – |
| Share price | – | -37.1% (2y) | -37.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 839 | 1,480 | 1,575 | 1,689 |
| Borrowings | – | 468 | 442 | 1,161 | 1,413 |
| Cash & equivalents | – | 692 | 1,337 | 1,409 | 1,416 |
| Total assets | – | 1,641 | 2,248 | 3,359 | 3,625 |
| Fixed assets | – | 191 | 138 | 211 | 135 |
| Capital work in progress | – | 2 | 0 | 0 | 0 |
| Investments | – | 13 | 0 | 0 | 0 |
| Receivables | – | 213 | 254 | 358 | 390 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 71 | 79 | 105 | 97 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 168 | 207 | 213 | 236 | 261 |
| Cash from investing | -96 | -351 | -466 | -762 | -121 |
| Cash from financing | -91 | 72 | 363 | 499 | -144 |
| Capex | 4 | 139 | 10 | 11 | 7 |
| Free cash flow | 164 | 68 | 202 | 225 | 254 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 27.5% | 16.8% | 11.7% | 12.6% |
| ROCE % | – | 25.4% | 19.6% | 13.0% | 12.3% |
| Debtor days | – | 54 | 57 | 63 | 62 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 18 | 18 | 19 | 15 |
| Cash conversion cycle (days) | – | 36 | 39 | 44 | 47 |
| Working capital days | – | 127 | 272 | 140 | 106 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 44.21% |
| FIIs | 6.51% |
| DIIs | 3.22% |
| of which Mutual funds | 1.56% |
| of which Insurance | 1.24% |
| Government | 0.00% |
| Public (non-institutions) | 44.84% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 44.22% | 44.21% | 44.21% | 44.21% | 44.21% | 44.21% | 44.21% | 44.21% |
| Promoter group | % |
|---|---|
| Ashok Soota | 32.34% |
| Ashok Soota Medical Research LLP | 11.79% |
| Usha Samuel | 0.05% |
| Deepak Soota | 0.02% |
| Kunku Soota | 0.01% |
| Veena Soota | 0.01% |
| Public holders above 1% | % |
|---|---|
| Nuggehalli Krishnamacharya Sriranganarayanan | 1.22% |
6,37,228 shareholders. Pledged: 0.00% of promoter shares.
Peers in Computers - Software & Consulting
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TCS | ₹9,17,670 cr | 17.8x | 7.7x | 45.8% | 59.1% | 25.0% | +5.8% | 4.31% |
| INFY | ₹4,72,230 cr | 15.7x | 5.1x | 32.1% | 44.9% | 23.0% | +6.8% | 3.95% |
| HCLTECH | ₹3,84,716 cr | 20.9x | 5.0x | 24.9% | 31.9% | 19.9% | +8.7% | 3.80% |
| WIPRO | ₹1,87,403 cr | 14.8x | 2.4x | 16.0% | 19.6% | 19.3% | +0.8% | 6.18% |
| TECHM | ₹1,59,037 cr | 28.8x | 5.4x | 16.1% | 25.2% | 16.8% | +2.2% | 2.53% |
| LTM | ₹1,20,617 cr | 23.1x | 4.7x | 21.2% | 28.2% | 16.7% | +8.4% | 1.66% |
| PERSISTENT | ₹92,284 cr | 50.8x | 10.7x | 22.9% | 28.2% | 16.3% | +20.9% | 0.63% |
| COFORGE | ₹66,873 cr | 40.5x | 7.0x | 21.6% | 24.9% | 17.3% | +27.0% | 0.81% |
| MPHASIS | ₹48,819 cr | 25.5x | 4.5x | 18.8% | 22.3% | 18.4% | +4.8% | 2.23% |
| HAPPSTMNDS | ₹4,514 cr | 20.2x | 2.7x | 13.7% | 12.8% | 17.1% | +17.4% | 2.08% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| PDES | ₹1,847 cr | 79.8% | ₹469 cr | 25.4% |
| IMSS | ₹389 cr | 16.8% | ₹106 cr | 27.1% |
| GBS | ₹79 cr | 3.4% | ₹11 cr | 14.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-17 | Dividend | Dividend - Rs 3.65 Per Share |
| 2025-11-04 | Dividend | Interim Dividend - Rs 2.75 Per Share |
| 2025-07-18 | Dividend | Dividend - Rs 3.50 Per Share |
| 2024-11-27 | Dividend | Interim Dividend - Rs 2.50 Per Sh |
| 2024-06-14 | Dividend | Dividend - Rs 3.25 Per Share |
| 2023-10-30 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2023-07-07 | Dividend | Annual General Meeting/Dividend - Rs 3.40 Per Share |
| 2022-11-02 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2022-06-23 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2021-11-09 | Dividend | Interim Dividend - Rs 1.75 Per Share |
| 2021-06-29 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Information and communication: Computer programming, consultancy and related activities
| Sector | Information Technology |
| Industry | Computers - Software & Consulting |
| Sub-industry | Computers - Software & Consulting |
| Symbol | HAPPSTMNDS |
| BSE code | 543227 |
| ISIN | INE419U01012 |
| Face value | ₹2.0 |
| Incorporated | 2011-03-30 |
| Website | www.happiestminds.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.