Happiest Minds Technologies Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Attractively valued vs sector (P/E 26x vs industry 38.4x)
- ✓Regular dividends — yield 1.7%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TCS Tata Consultancy Services Limited | ₹2,187 | ₹7.5L Cr | 13.9 | 7.39 | 51.8 | 63 | 0.11 |
| INFY Infosys Limited | ₹1,077 | ₹4.3L Cr | 14.4 | 4.7 | 31.9 | 40 | 0.1 |
| HCLTECH HCL Technologies Limited | ₹1,167 | ₹3.2L Cr | 18.2 | 4.21 | 24 | 30.6 | 0.07 |
| WIPRO Wipro Limited | ₹175 | ₹1.7L Cr | 13.2 | 2.08 | 15.5 | 17.8 | 0.23 |
| TECHM Tech Mahindra Limited | ₹1,502 | ₹1.4L Cr | 28.5 | 4.97 | 17.5 | 23.1 | 0.07 |
| LTM LTM Limited | ₹4,052 | ₹1.2L Cr | 21.4 | 5 | 23.1 | 29.6 | 0.1 |
| OFSS Oracle Financial Services Software Limited | ₹11,668 | ₹1.0L Cr | 38.4 | 12.98 | 32.6 | 45.3 | 0 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
HAPPSTMNDS · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 50.24% | 50.24% | 44.23% | 44.23% | 44.23% | 44.22% |
| FII | 5.05% | 4.69% | 5.31% | 5.33% | 5.34% | 5.04% |
| DII | 2.41% | 2.57% | 2.85% | 4.18% | 6.08% | 10.58% |
| Public | 40.20% | 40.58% | 45.82% | 44.61% | 42.83% | 38.70% |
| Others | 2.10% | 1.92% | 1.79% | 1.65% | 1.52% | 1.46% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Interim Dividend - Rs 2.75 Per Share
Dividend - Rs 3.50 Per Share
Interim Dividend - Rs 2.50 Per Sh
Dividend - Rs 3.25 Per Share
Interim Dividend - Rs 2.50 Per Share
Annual General Meeting/Dividend - Rs 3.40 Per Share
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹588 Cr ▲2.4% | ₹574 Cr ▲4.4% | ₹550 Cr ▲0.9% | ₹545 Cr ▲2.6% | ₹531 Cr ▲1.7% | ₹522 Cr ▲12.5% | ₹464 Cr ▲11.3% | ₹417 Cr |
| Op. Profit | ₹107 Cr ▲8.1% | ₹99 Cr ▲5.3% | ₹94 Cr ▲11.9% | ₹84 Cr ▼10.6% | ₹94 Cr ▲2.2% | ₹92 Cr ▲8.2% | ₹85 Cr ▲2.4% | ₹83 Cr |
| OPM | 18.0% ▲5.9% | 17.0% ▲0.0% | 17.0% ▲13.3% | 15.0% ▼16.7% | 18.0% ▲0.0% | 18.0% ▲0.0% | 18.0% ▼10.0% | 20.0% |
| Net Profit | ₹40 Cr ▼25.9% | ₹54 Cr ▼5.3% | ₹57 Cr ▲67.6% | ₹34 Cr ▼32.0% | ₹50 Cr ▲0.0% | ₹50 Cr ▼2.0% | ₹51 Cr ▼29.2% | ₹72 Cr |
| EPS (₹) | 2.65 ▼25.4% | 3.55 ▼5.3% | 3.75 ▲68.2% | 2.23 ▼32.2% | 3.29 ▲1.2% | 3.25 ▼3.0% | 3.35 ▼29.2% | 4.73 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.3K Cr ▲12.3% | ₹2.1K Cr ▲26.8% | ₹1.6K Cr ▲13.7% | ₹1.4K Cr ▲30.6% | ₹1.1K Cr ▲41.5% | ₹773 Cr ▲10.7% | ₹698 Cr ▲18.3% | ₹590 Cr |
| Expenses | ₹1.9K Cr ▲12.1% | ₹1.7K Cr ▲32.4% | ₹1.3K Cr ▲20.5% | ₹1.1K Cr ▲28.0% | ₹836 Cr ▲43.6% | ₹582 Cr ▼3.2% | ₹601 Cr ▲12.3% | ₹535 Cr |
| Op. Profit | ₹403 Cr ▲13.8% | ₹354 Cr ▲5.4% | ₹336 Cr ▼6.4% | ₹359 Cr ▲39.1% | ₹258 Cr ▲35.1% | ₹191 Cr ▲96.9% | ₹97 Cr ▲76.4% | ₹55 Cr |
| OPM | 17.0% ▲0.0% | 17.0% ▼19.0% | 21.0% ▼16.0% | 25.0% ▲4.2% | 24.0% ▼4.0% | 25.0% ▲78.6% | 14.0% ▲55.6% | 9.0% |
| Other Income | ₹66 Cr ▼25.8% | ₹89 Cr ▼10.1% | ₹99 Cr ▲560.0% | ₹15 Cr ▼51.6% | ₹31 Cr ▲29.2% | ₹24 Cr ▲380.0% | ₹5 Cr ▲600.0% | ₹-1 Cr |
| Interest | ₹97 Cr ▼2.0% | ₹99 Cr ▲135.7% | ₹42 Cr ▲90.9% | ₹22 Cr ▲120.0% | ₹10 Cr ▲42.9% | ₹7 Cr ▼12.5% | ₹8 Cr ▼50.0% | ₹16 Cr |
| Depreciation | ₹88 Cr ▼1.1% | ₹89 Cr ▲53.4% | ₹58 Cr ▲38.1% | ₹42 Cr ▲27.3% | ₹33 Cr ▲43.5% | ₹23 Cr ▲15.0% | ₹20 Cr ▼20.0% | ₹25 Cr |
| PBT | ₹284 Cr ▲11.4% | ₹255 Cr ▼23.9% | ₹335 Cr ▲8.1% | ₹310 Cr ▲26.0% | ₹246 Cr ▲32.3% | ₹186 Cr ▲151.4% | ₹74 Cr ▲469.2% | ₹13 Cr |
| Tax % | 25.0% ▼10.7% | 28.0% ▲7.7% | 26.0% ▲4.0% | 25.0% ▼3.8% | 26.0% ▲100.0% | 13.0% ▲333.3% | 3.0% ▲133.3% | -9.0% |
| Net Profit | ₹213 Cr ▲15.1% | ₹185 Cr ▼25.4% | ₹248 Cr ▲7.4% | ₹231 Cr ▲27.6% | ₹181 Cr ▲11.7% | ₹162 Cr ▲125.0% | ₹72 Cr ▲414.3% | ₹14 Cr |
| EPS (₹) | 13.96 ▲15.1% | 12.13 ▼25.6% | 16.31 ▲3.7% | 15.73 ▲27.5% | 12.34 ▲11.6% | 11.06 ▼23.8% | 14.52 ▲280.1% | 3.82 |
| Div Payout | 45.0% ▼8.2% | 49.0% ▲40.0% | 35.0% ▲2.9% | 34.0% ▲13.3% | 30.0% ▲15.4% | 26.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Liabilities | |||||||||
| Equity Capital | ₹30 Cr ▲0.0% | ₹30 Cr ▲0.0% | ₹30 Cr ▲0.0% | ₹30 Cr ▲3.4% | ₹29 Cr ▲0.0% | ₹29 Cr ▲3.6% | ₹28 Cr ▲211.1% | ₹9 Cr ▲50.0% | ₹6 Cr |
| Reserves | ₹1.7K Cr ▲3.8% | ₹1.6K Cr ▲3.4% | ₹1.5K Cr ▲6.6% | ₹1.4K Cr ▲79.0% | ₹810 Cr ▲27.2% | ₹637 Cr ▲23.0% | ₹518 Cr ▲135.5% | ₹220 Cr ▲334.0% | ₹-94 Cr |
| Borrowings | ₹1.5K Cr ▲16.7% | ₹1.3K Cr ▲2.4% | ₹1.2K Cr ▲143.0% | ₹512 Cr ▼4.1% | ₹534 Cr ▲113.6% | ₹250 Cr ▲29.5% | ₹193 Cr ▲28.7% | ₹150 Cr ▲4.2% | ₹144 Cr |
| Other Liabilities | ₹449 Cr ▼4.9% | ₹472 Cr ▼6.5% | ₹505 Cr ▲108.7% | ₹242 Cr ▼5.5% | ₹256 Cr ▲24.9% | ₹205 Cr ▲16.5% | ₹176 Cr ▲36.4% | ₹129 Cr ▼64.0% | ₹358 Cr |
| Total Liabilities | ₹3.6K Cr ▲7.4% | ₹3.4K Cr ▲1.5% | ₹3.3K Cr ▲48.7% | ₹2.2K Cr ▲37.3% | ₹1.6K Cr ▲45.4% | ₹1.1K Cr ▲22.4% | ₹915 Cr ▲80.1% | ₹508 Cr ▲22.7% | ₹414 Cr |
| Assets | |||||||||
| Fixed Assets | ₹1.2K Cr ▼1.3% | ₹1.2K Cr ▼1.8% | ₹1.2K Cr ▲193.2% | ₹413 Cr ▼4.4% | ₹432 Cr ▲173.4% | ₹158 Cr ▲23.4% | ₹128 Cr ▲236.8% | ₹38 Cr ▼37.7% | ₹61 Cr |
| CWIP | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr ▼100.0% | ₹3 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹504 Cr ▲8.2% | ₹466 Cr ▲33.1% | ₹350 Cr | ₹0 Cr ▼100.0% | ₹13 Cr ▼97.2% | ₹472 Cr ▲20.7% | ₹391 Cr ▲371.1% | ₹83 Cr ▼15.3% | ₹98 Cr |
| Other Assets | ₹1.9K Cr ▲13.3% | ₹1.7K Cr ▼2.4% | ₹1.8K Cr ▼3.3% | ₹1.8K Cr ▲54.3% | ₹1.2K Cr ▲140.5% | ₹491 Cr ▲24.3% | ₹395 Cr ▲2.1% | ₹387 Cr ▲52.4% | ₹254 Cr |
| Total Assets | ₹3.6K Cr ▲7.4% | ₹3.4K Cr ▲1.5% | ₹3.3K Cr ▲48.7% | ₹2.2K Cr ▲37.3% | ₹1.6K Cr ▲45.4% | ₹1.1K Cr ▲22.4% | ₹915 Cr ▲80.1% | ₹508 Cr ▲22.7% | ₹414 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating CF | — | ₹236 Cr ▲10.8% | ₹213 Cr ▲2.9% | ₹207 Cr ▲23.2% | ₹168 Cr ▲16.7% | ₹144 Cr ▲28.6% | ₹112 Cr ▲93.1% | ₹58 Cr |
| Investing CF | — | ₹-731 Cr ▼36.1% | ₹-537 Cr ▼54.3% | ₹-348 Cr ▼262.5% | ₹-96 Cr ▲64.6% | ₹-271 Cr ▼276.4% | ₹-72 Cr ▼7300.0% | ₹1 Cr |
| Financing CF | — | ₹499 Cr ▲37.5% | ₹363 Cr ▲404.2% | ₹72 Cr ▲179.1% | ₹-91 Cr ▼153.8% | ₹169 Cr ▲1400.0% | ₹-13 Cr ▲78.0% | ₹-59 Cr |
| Net Cash Flow | — | ₹4 Cr ▼89.7% | ₹39 Cr ▲157.4% | ₹-68 Cr ▼257.9% | ₹-19 Cr ▼145.2% | ₹42 Cr ▲55.6% | ₹27 Cr | ₹0 Cr |
| Free Cash Flow | — | ₹225 Cr ▲11.4% | ₹202 Cr ▲197.1% | ₹68 Cr ▼58.5% | ₹164 Cr ▲14.7% | ₹143 Cr ▲27.7% | ₹112 Cr ▲96.5% | ₹57 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 62d ▼1.6% | 63d ▲10.5% | 57d ▲5.6% | 54d ▼3.6% | 56d ▼3.4% | 58d ▼3.3% | 60d ▼25.0% | 80d |
| Inventory Days | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 62d ▼1.6% | 63d ▲10.5% | 57d ▲5.6% | 54d ▼3.6% | 56d ▼3.4% | 58d ▼3.3% | 60d ▼25.0% | 80d |
| Working Capital Days | -38d ▲65.1% | -109d ▼289.3% | -28d ▲44.0% | -50d ▼108.3% | -24d ▲27.3% | -33d ▼57.1% | -21d ▲75.6% | -86d |
| ROCE | 13.0% ▼13.3% | 15.0% ▼31.8% | 22.0% ▼26.7% | 30.0% ▼6.3% | 32.0% ▼8.6% | 35.0% ▼18.6% | 43.0% | — |
Source: Screener.in · Lower days = better efficiency
About Happiest Minds Technologies Limited
Incorporated in 2011, Happiest Minds Technologies Ltd is a next generation IT solutions & services Company[1]
Information Technology · IT - Software