🇮🇳 India Stock Screener ← Switch market ★ Elite Club ⚡ HerAI

Happiest Minds Technologies Limited HAPPSTMNDS NSEAITECH

Technology · Information Technology Services · India
https://www.happiestminds.com
Company Profile ↓
₹354.00
-37.99% 1Y
Mkt Cap₹5,390.53 Cr
P/E25.09
P/B3.46
Div. Yield1.80%
52W High₹588.36
52W Low₹333.68
Book Value₹110.95
EPS (TTM)₹14.11

Company Overview

Happiest Minds Technologies Limited, together with its subsidiaries, provides information technology (IT) solutions and services in India, the Americas, Australia, Europe, Asia, the Middle East, and Africa. It operates in three segments: Infrastructure Management and Security Services (IMSS); Product and Digital Engineering Services (PDES); and Generative AI Business Services (GBS). The IMSS segment provides end-to-end infrastructure and security solutions comprising advisory, transformation, managed and hosted services, and secure intelligence solutions with specialization in cloud, virtualization and mobility across a multitude of industry verticals and geographies. Its PDES segment provides platform development, device engineering, quality assurance, experience engineering, and technology acceleration for enterprises and digital natives. The GBS Services segment offers process automation services, workflow optimization services, and predictive analysis services to integrate Generative AI into business processes. Happiest Minds Technologies Limited was incorporated in 2011 and is headquartered in Bengaluru, India.

Why Investors Should Care

Healthy Capital Returns

Return on capital employed stands at 17.2%.

Steady Revenue Expansion

Revenue has grown at a 17.4% CAGR over the past five years.

Reasonable Valuation

Trades at a P/E of 25.1, below the sector median of 28.0.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Mar 2026 Revenue of ₹2,315.11 Cr (+12.3% YoY); net profit ₹212.62 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +12.3%, earnings +15.1%.
  • 5-Year Trend Long-term compounding — revenue CAGR 17.4%, profit CAGR -2.7%.

Growth & Price Performance

Compounded Sales Growth

5 Years:17.44%
1 Year:12.34%

Compounded Profit Growth

5 Years:-2.72%
1 Year:15.14%

Stock Price Performance

1 Year:-37.99%
6 Months:+5.90%
3 Months:+1.31%
1 Month:-12.84%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

AI Exposure AI IT Services / Born-Digital AI
Core Focus

Happiest Minds is a digital/cloud-native services firm with AI-led offerings in BFSI, retail and edutech. 'GeneE' GenAI platform; 'Mindful AI' framework.

Key Initiatives
  • Generative-AI Business Services Happiest Minds built a dedicated GenAI practice embedding AI across digital engineering, product and infrastructure services for global clients.
  • AI-led product engineering GenAI accelerators improve delivery productivity and support digital-transformation deals.
  • Industry AI solutions Domain AI solutions for BFSI, retail, healthcare and edtech clients drive differentiated offerings.
Why Investors Should Care
  • 'Born-digital' mid-cap IT positioning aggressively around GenAI services.
  • Healthy returns (ROE ~14%) though recent profit growth has been muted.
  • AI-led offerings can re-accelerate growth as discretionary spend recovers.
  • Small scale and integration of acquisitions are key risks at a P/E ~24.
AI InvestmentR&D + AI talent build-up; multiple GenAI POCs across clients.
AI RevenueRevenue ~₹2,000 Cr FY25; AI services growing 20%+.
ROI (Now)EBITDA margin ~22-24% — top decile. ROE ~22%.
ROI (Expected)AI-first positioning expected to drive sustained mid-teens growth.

Curated from public filings and analyst commentary; figures are illustrative.

⚙Ad space

Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 17.4% over 5 years.
  • Generates positive free cash flow.

CONS

  • Earnings shrank at -2.7% CAGR over 5 years.
  • Trading 39.8% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

⚙Ad space

Valuation

Stock P/E
25.09
Industry PE
27.95
Forward P/E
16.37
PEG Ratio
-
Book Value
₹110.95
Price to Book
3.46
P/S
2.56
EV/EBITDA
15.21
Dividend Yield
1.80%

Growth (CAGR)

Revenue 5Y
17.44%
Profit 5Y
-2.72%
Revenue (YoY)
12.34%
Earnings (YoY)
15.14%

Profitability & Returns

ROCE
17.16%
ROE
12.58%
ROA
5.87%
Profit Margin
9.18%
Op Margin
13.61%
Gross Margin
35.93%
EPS (Latest Qtr)
₹4.48
EPS (TTM)
₹14.11

Balance Sheet & Liquidity

Debt/Equity
0.88
Quick Ratio
1.63
Current Ratio
1.48
Debt
₹1,486.65 Cr
Total Assets
₹3,821.86 Cr
Current Assets
₹2,389.23 Cr
Working Capital
₹673.76 Cr

Ownership

Promoter Holding
46.02%
Chg in Prom Hold
-0.13%
FII / Inst Holding
8.17%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
₹5,390.53 Cr
Total Revenue (TTM)
₹2,315.11 Cr
EBITDA
₹469.76 Cr
Free Cash Flow
₹254.25 Cr
Operating Cash Flow
₹261.41 Cr
Shares Outstanding
₹15.23 Cr
Gross Margin
35.93%
Payout Ratio
42.23%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 HAPPSTMNDS Happiest Minds Technologies Limited NSEAITECH 354.00 25.09 ₹5,390.53 Cr 1.80% 17.16% 12.58% 17.44% -2.72%
2 TCS Tata Consultancy Services Limited NIFTY50NSEAITECH 2,304.00 16.94 ₹8.34 L Cr 2.74% 54.93% 45.89% 5.80% 5.30%
3 INFY Infosys Limited NIFTY50NSEAITECH 1,130.00 1,412.50 ₹4.58 L Cr 4.29% 41.66% 33.85% 3.44% 3.58%
4 HCLTECH HCL Technologies Limited NIFTY50NSEAITECH 1,293.40 21.08 ₹3.51 L Cr 4.49% 27.21% 22.14% 8.65% 3.87%
5 WIPRO Wipro Limited NIFTY50NSEAITECH 176.40 14.04 ₹1.85 L Cr 4.30% 17.85% 14.91% 0.78% 5.16%
6 TECHM Tech Mahindra Limited NIFTY50NSEAITECH 1,596.90 29.47 ₹1.56 L Cr 3.12% 19.82% 16.24% 2.16% -0.14%
7 LTM LTM Limited NSETECH 4,554.00 26.93 ₹1.35 L Cr 1.66% 25.39% 20.89% 8.43% 4.41%
8 LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH 1,640.70 66.08 ₹1.11 L Cr 0.00% 27.64% 21.98% 1.25% -
9 PAYTM One97 Communications Limited NIFTY_MIDNSEAITECH 1,659.50 194.09 ₹1.06 L Cr 0.00% 3.68% 3.45% 2.20% 43.71%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue 378.00 Cr391.00 Cr407.00 Cr410.00 Cr417.00 Cr464.00 Cr522.00 Cr530.81 Cr544.57 Cr549.90 Cr574.00 Cr587.56 Cr604.08 Cr628.51 Cr
Cost of Revenue -------355.77 Cr359.16 Cr375.45 Cr-392.05 Cr404.44 Cr410.90 Cr
Gross Profit -------175.04 Cr185.41 Cr174.45 Cr-195.51 Cr199.64 Cr217.61 Cr
Operating Expenses 286.00 Cr302.00 Cr324.00 Cr329.00 Cr334.00 Cr379.00 Cr430.00 Cr102.13 Cr124.08 Cr102.79 Cr475.00 Cr110.48 Cr117.60 Cr122.64 Cr
Operating Income 79.00 Cr75.00 Cr68.00 Cr66.00 Cr68.00 Cr63.00 Cr69.00 Cr72.91 Cr61.33 Cr71.66 Cr77.00 Cr85.03 Cr82.04 Cr94.97 Cr
EBITDA 92.00 Cr89.00 Cr83.00 Cr81.00 Cr83.00 Cr85.00 Cr92.00 Cr116.86 Cr97.67 Cr124.05 Cr99.00 Cr100.79 Cr124.65 Cr141.29 Cr
Interest Expense 9.00 Cr10.00 Cr11.00 Cr11.00 Cr10.00 Cr20.00 Cr28.00 Cr26.93 Cr24.74 Cr24.82 Cr25.00 Cr24.52 Cr22.61 Cr28.46 Cr
Pretax Income 79.00 Cr79.00 Cr79.00 Cr81.00 Cr96.00 Cr68.00 Cr68.00 Cr68.94 Cr50.38 Cr76.87 Cr73.00 Cr54.20 Cr80.48 Cr90.20 Cr
Tax Provision 21.33 Cr20.54 Cr20.54 Cr21.06 Cr24.00 Cr17.00 Cr18.36 Cr18.84 Cr16.38 Cr19.74 Cr18.98 Cr13.90 Cr19.31 Cr22.60 Cr
Net Income 58.00 Cr58.00 Cr58.00 Cr60.00 Cr72.00 Cr51.00 Cr50.00 Cr50.10 Cr34.00 Cr57.13 Cr54.00 Cr40.30 Cr61.17 Cr67.60 Cr
Diluted EPS 3.933.973.843.924.733.353.253.332.263.793.552.674.064.48

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 590.00 Cr698.00 Cr773.00 Cr-1,429.29 Cr1,624.66 Cr2,060.85 Cr2,315.11 Cr
Cost of Revenue ----772.16 Cr966.58 Cr1,301.35 Cr1,483.32 Cr
Gross Profit ----657.13 Cr658.08 Cr759.50 Cr831.79 Cr
Operating Expenses 535.00 Cr601.00 Cr582.00 Cr-340.17 Cr380.51 Cr493.77 Cr516.60 Cr
Operating Income 30.00 Cr77.00 Cr168.00 Cr-316.96 Cr277.57 Cr265.73 Cr315.19 Cr
EBITDA 55.00 Cr97.00 Cr191.00 Cr-373.63 Cr435.24 Cr443.64 Cr469.76 Cr
Interest Expense 16.00 Cr8.00 Cr7.00 Cr-21.86 Cr42.27 Cr99.48 Cr97.36 Cr
Pretax Income 13.00 Cr74.00 Cr186.00 Cr-309.86 Cr334.68 Cr255.46 Cr284.21 Cr
Tax Provision -1.17 Cr2.22 Cr24.18 Cr-78.87 Cr86.29 Cr70.80 Cr71.59 Cr
Net Income 14.00 Cr72.00 Cr162.00 Cr-230.99 Cr248.39 Cr184.66 Cr212.62 Cr
Diluted EPS 3.8214.5211.06-16.0116.7312.2614.11

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 414.00 Cr508.00 Cr915.00 Cr-1,640.83 Cr2,247.79 Cr3,359.06 Cr3,625.11 Cr
Current Assets ----1,072.98 Cr1,777.77 Cr2,000.95 Cr2,075.55 Cr
Cash & Equivalents ----69.99 Cr114.70 Cr119.12 Cr119.66 Cr
Inventory --------
Receivables ----213.19 Cr254.44 Cr358.13 Cr390.27 Cr
Total Liabilities ----802.01 Cr767.55 Cr1,784.48 Cr1,935.62 Cr
Current Liabilities ----576.40 Cr566.98 Cr1,207.90 Cr1,401.79 Cr
Long Term Debt ----112.78 Cr104.45 Cr335.37 Cr342.92 Cr
Total Debt 144.00 Cr150.00 Cr193.00 Cr-533.75 Cr512.19 Cr1,243.59 Cr1,486.65 Cr
Total Equity -88.00 Cr229.00 Cr546.00 Cr-838.82 Cr1,480.24 Cr1,574.58 Cr1,689.49 Cr
Shares Outstanding ----14.69 Cr15.23 Cr15.23 Cr15.23 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 58.00 Cr112.00 Cr144.00 Cr-207.17 Cr212.56 Cr236.42 Cr261.41 Cr
Investing Cash Flow 1.00 Cr-72.00 Cr-271.00 Cr--351.02 Cr-466.41 Cr-762.16 Cr-121.29 Cr
Financing Cash Flow -59.00 Cr-13.00 Cr169.00 Cr-72.07 Cr363.47 Cr499.45 Cr-143.72 Cr
Capital Expenditure -1.00 Cr0-1.00 Cr--139.41 Cr-10.30 Cr-11.17 Cr-7.16 Cr
Free Cash Flow 57.00 Cr112.00 Cr143.00 Cr-67.76 Cr202.26 Cr225.25 Cr254.25 Cr
Net Change in Cash -027.00 Cr42.00 Cr--71.78 Cr109.62 Cr-26.29 Cr-3.60 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % ----46.0%40.5%36.9%35.9%
Operating Margin % 5.1%11.0%21.7%-22.2%17.1%12.9%13.6%
Net Margin % 2.4%10.3%21.0%-16.2%15.3%9.0%9.2%
ROE % -15.9%31.4%29.7%-27.5%16.8%11.7%12.6%
ROCE % ----29.8%16.5%12.4%14.2%

Shareholding Pattern

Insiders
46.02%
Institutions
8.17%
Public Float
15.13%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for HAPPSTMNDS

Google News ue, 01 Sep 2026

Happiest Minds Tech share price in deep red - What's behind the stock plunge? - TradingView

<a href="https://news.google.com/rss/articles/CBMiywFBVV95cUxQN2IxVU0wNlJFQlRxdC1zUF83QkdQUlY2LUZralJVVVRSdXlISU9mYndFUjZpMm8xaVJkaW1mbkxwTWk0NDZBalo0M3BzTlRPN3JTV1ZlT2UtMXBsdHlXTHVTMV9TMWtMaFNURDJYdzlrMVhnejNKcTd6OGpRdWZuX1hwV0l3cUtUeUFzbV…

Google News hu, 30 Jul 2026

Happiest Minds Technologies Limited (NSE:HAPPSTMNDS) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock? - simplywall.st

<a href="https://news.google.com/rss/articles/CBMi7AFBVV95cUxNV1l6cTRwZE9KV0NHUVBfdDZqdDBCMXlneDQtcEp1Ql95aUI3eVdOUktVeVJ2RXdmbGZERmsyeXg1a1A5bG1RMHpRX2tsNXNEN1l5YWowc0xERk5BUjFDd0Z4dS1iSjVleTVvZkhvcFk3U2JZN25Fb1oyRld3SFprRzlUVDdtQkVnOFpGUm…

Google News ue, 01 Sep 2026

Markets End Slightly Lower; Pharma, Banks Drag, IT Supports - HDFC Sky

<a href="https://news.google.com/rss/articles/CBMitAFBVV95cUxPby1Qc3VZcWZlNTFXQUVqSExlU2w1RUhrNzF5Zm1JY2NIWnlqVlhIdmdxVGJfVE5mVnZ3eU5PSmYtQWRlLUhnNU5JWE9ZT2pkV0drWHF0a3h6RlJwOXEtZVA2a3AwdzJWNWNYY2F3aHZDSzZ0RnM3UHA1UF9wV3E4UW4tVUQxQnQ3M3BCck…

Google News hu, 09 Jul 2026

Happiest Minds Technologies (HAPPSTMNDS) Gains 6.2% on Improved Sentiment; Key Resistance at ₹384 in Focus - Volume Spike Alerts - vinanet.vn

<a href="https://news.google.com/rss/articles/CBMi2gFBVV95cUxOUTBUOEVZeXhEcXpUaVJEYlNEMXVrMnU1NU55M3VUTEt1Wnh6NmxMY0RqVlgzNm5Idk9ydUp0OGdTbjc4YjUyQ2VIV3Vfb1p2S0o4cGdWUVB4Um95REdfei03NTl6dU9qUzBBVldUZWJBbkFOWXlMcmd2NFlFMjJSTXF0UzNwdDlkenFOaU…

Google News Wed, 02 Sep 2026

ITC shares buck weak market, Happiest Minds extends fall as brokerages weigh merger benefits, risks - TradingView

<a href="https://news.google.com/rss/articles/CBMi8gFBVV95cUxOdlFzVDhvQTdLdHRtazVXRmpRaEdwQS1ZNmtfZUxvN3lPWW9yMGhPeWpfOC15UU5oS0N1MTBxNzhUWnVaeEtobmRNeHNBWW1pZ3NwUkdaM1BIdmNOMXFPQU55QXVYMFhEYUVyd3BUaFVEamZrOUJma2VxSUppU0ZteEIxd3RWRm9oSE1rZT…

Google News ue, 28 Jul 2026

Happiest Minds Technologies Limited Declares Final Dividend for the Financial Year Ended March 31, 2026 - marketscreener.com

<a href="https://news.google.com/rss/articles/CBMi5wFBVV95cUxQU3ZmZVJQZWM3dm14b01nTXhqQmM2QlBEekREVHZOdFRCd25Ydm45ai1jeDFsUFRTTHNiaG9yNDV2eU50Sm1yMWk0bnlqTHlscEpwNHMtVlNMa0Z5dEFLdzJlRy1xX1haYzloZ29YNTJYRk5tR0h3VUE0YzI0bGhwT09LRHowLW1DcFJmSE…

HAPPSTMNDS — Frequently Asked Questions

What is the current share price of Happiest Minds Technologies Limited (HAPPSTMNDS)?

As of 2026-09-08 04:53 IST, Happiest Minds Technologies Limited (HAPPSTMNDS) trades at ₹354.00 on NSE. Its 52-week range is ₹333.68 to ₹588.36.

What is the market capitalisation of HAPPSTMNDS?

Happiest Minds Technologies Limited (HAPPSTMNDS) has a market capitalisation of ₹5,390.53 Cr on NSE.

What is the P/E ratio of HAPPSTMNDS?

HAPPSTMNDS trades at a trailing price-to-earnings (P/E) ratio of 25.09. The industry average P/E is 27.95. Its price-to-book (P/B) ratio is 3.46.

Does HAPPSTMNDS pay a dividend?

Happiest Minds Technologies Limited (HAPPSTMNDS) currently offers a dividend yield of 1.80%.

What is the return on equity (ROE) of HAPPSTMNDS?

HAPPSTMNDS has a return on equity (ROE) of 12.58%. Its return on capital employed (ROCE) is 17.16%.

Is HAPPSTMNDS a good stock to buy?

This page provides a data-driven analysis of Happiest Minds Technologies Limited (HAPPSTMNDS), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

Explore More

📊 Technology Sector 🔍 All Stock Screens 📈 Technical Screens 💰 Fundamental Screens 🔄 Swing Trading Setups 📐 Chart Patterns 📅 Earnings Calendar 📋 All India Stocks
⚙Ad space