Happiest Minds Technologies Ltd
Happiest Minds Technologies Ltd (HAPPSTMNDS) last reported results for the quarter ended Jun 2026, with sales of ₹629 crore and net profit of ₹68 crore. The stock last traded at ₹304, a market capitalisation of ₹4,636 crore, on a P/E of 19.7. Over the past 52 weeks the stock has ranged between ₹300 and ₹534. Figures are as of 6 Oct 2026 and are not real time.
Happiest Minds Technologies Ltd share price and key metrics
- Current price
- ₹304
- Market cap
- ₹4,636 cr
- Stock P/E
- 19.7
- Book value
- ₹111
- ROE
- 13.8%
- ROCE
- 13.3%
- Dividend yield
- 2.11%
- 52w high / low
- 534/300
Metrics as of 6 Oct 2026. Not real time.
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Happiest Minds Technologies Ltd growth and returns
- 10 Years
- %
- 5 Years
- 25%
- 3 Years
- 17%
- TTM
- 12%
- 10 Years
- %
- 5 Years
- 7%
- 3 Years
- -1%
- TTM
- 18%
- 10 Years
- %
- 5 Years
- -26%
- 3 Years
- -29%
- 1 Year
- -42%
- 10 Years
- %
- 5 Years
- 19%
- 3 Years
- 15%
- Last Year
- 14%
Happiest Minds Technologies Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹629 cr, up 14.4% from ₹550 cr a year earlier. Net profit was ₹68 cr, up 19.3% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 522 | 531 | 545 | 550 | 574 | 588 | 604 | 629 |
| Expenses | 430 | 437 | 461 | 456 | 475 | 480 | 500 | 511 |
| Operating profit | 92 | 94 | 84 | 94 | 99 | 107 | 104 | 118 |
| OPM % | 18% | 18% | 15% | 17% | 17% | 18% | 17% | 19% |
| Other income | 27 | 23 | 14 | 30 | 22 | -6 | 21 | 24 |
| Interest | 28 | 27 | 25 | 25 | 25 | 25 | 23 | 28 |
| Depreciation | 23 | 21 | 23 | 22 | 22 | 22 | 22 | 23 |
| Profit before tax | 68 | 69 | 50 | 77 | 73 | 54 | 80 | 90 |
| Tax % | 27% | 27% | 33% | 26% | 26% | 26% | 24% | 25% |
| Net profit | 50 | 50 | 34 | 57 | 54 | 40 | 61 | 68 |
| EPS (₹) | 3.25 | 3.29 | 2.23 | 3.75 | 3.55 | 2.65 | 4.02 | 4.44 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Happiest Minds Technologies Ltd annual results
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 590 | 698 | 773 | 1,094 | 1,429 | 1,625 | 2,061 | 2,315 | 2,394 |
| Operating profit | 55 | 97 | 191 | 258 | 359 | 336 | 354 | 403 | 427 |
| OPM % | 9% | 14% | 25% | 24% | 25% | 21% | 17% | 17% | 18% |
| Net profit | 14 | 72 | 162 | 181 | 231 | 248 | 185 | 213 | 223 |
| EPS (₹) | 3.82 | 14.52 | 11.06 | 12.34 | 15.73 | 16.31 | 12.13 | 13.96 | 14.66 |
TTM is the trailing twelve months to the most recent quarter.
Happiest Minds Technologies Ltd balance sheet
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 6 | 9 | 28 | 29 | 29 | 30 | 30 | 30 |
| Reserves | -94 | 220 | 518 | 637 | 810 | 1,450 | 1,545 | 1,659 |
| Borrowings | 144 | 150 | 193 | 250 | 534 | 512 | 1,244 | 1,494 |
| Other liabilities | 358 | 129 | 176 | 205 | 256 | 242 | 505 | 402 |
| Total liabilities | 414 | 508 | 915 | 1,120 | 1,628 | 2,235 | 3,323 | 3,586 |
| Fixed assets | 61 | 38 | 128 | 158 | 432 | 413 | 1,211 | 1,172 |
| CWIP | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 2 |
| Investments | 98 | 83 | 391 | 472 | 13 | 0 | 350 | 504 |
| Other assets | 254 | 387 | 395 | 491 | 1,181 | 1,822 | 1,761 | 1,909 |
| Total assets | 414 | 508 | 915 | 1,120 | 1,628 | 2,235 | 3,323 | 3,586 |
As reported by the company. Total assets equal total liabilities by construction.
Happiest Minds Technologies Ltd cash flow
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 58 | 112 | 144 | 168 | 207 | 213 | 236 | 261 |
| Cash from investing | 1 | -72 | -271 | -96 | -348 | -537 | -731 | -117 |
| Cash from financing | -59 | -13 | 169 | -91 | 72 | 363 | 499 | -144 |
| Net cash flow | -0 | 27 | 42 | -19 | -68 | 39 | 4 | 1 |
| Free cash flow | 57 | 112 | 143 | 164 | 68 | 202 | 225 | 255 |
| CFO / operating profit | 111% | 122% | 94% | 86% | 82% | 94% | 95% | 89% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Happiest Minds Technologies Ltd operating ratios
| Per year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | — | 43% | 35% | 32% | 30% | 22% | 15% | 13% |
| Debtor days | 80 | 60 | 58 | 56 | 54 | 57 | 63 | 62 |
| Cash conversion cycle | 80 | 60 | 58 | 56 | 54 | 57 | 63 | 62 |
| Working capital days | -86 | -21 | -33 | -23 | -50 | -28 | -109 | -117 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Happiest Minds Technologies Ltd shareholding pattern
Promoters held 44.21% at Jun 2026, broadly unchanged since Jun 2025. FIIs 6.00% and DIIs 5.66%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 44.23% | 44.23% | 44.22% | 44.22% | 44.21% | 44.21% | 44.21% | 44.21% |
| FIIs | 5.33% | 5.34% | 5.04% | 5.33% | 5.39% | 5.89% | 5.94% | 6.00% |
| DIIs | 4.18% | 6.08% | 10.58% | 10.57% | 10.20% | 9.62% | 8.99% | 5.66% |
| Public | 44.61% | 42.83% | 38.70% | 38.48% | 38.83% | 38.94% | 39.53% | 42.89% |
| No. of shareholders | 7,28,443 | 7,07,146 | 6,87,788 | 6,79,128 | 6,64,262 | 6,50,749 | 6,42,274 | 6,40,983 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Happiest Minds Technologies Ltd corporate filings
- Compliance Certificate pursuant to Regulation 74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Happiest Minds Technologies announces shifting of registered office via newspaper publication under Regulation 30 (LODR)Company Updatelow impact
Cruxal's analysis: The company has published a notice in newspapers regarding the relocation of its…
Read the full analysis - Happiest Minds Technologies Receives Requisite Shareholder Approval for Postal Ballot Resolution to Shift Registered Office to West BengalAGM/EGMhigh impact
Cruxal's analysis: Happiest Minds Technologies has successfully obtained approval from over 99.6% of…
Read the full analysis - Happiest Minds Technologies Corrects Debenture Redemption Dates, No Financial Impact IndicatedOtherslow impact
Cruxal's analysis: Happiest Minds Technologies Limited has issued a corrigendum regarding the redemption…
Read the full analysis - Happiest Minds Technologies confirms full redemption of Non-Convertible Debentures (NCDs) worth 35 crore INROtherslow impact
Cruxal's analysis: Happiest Minds Technologies Limited has successfully completed the full redemption of its…
Read the full analysis - ITC Infotech Enters Share Purchase Agreement to Acquire 11.106% Stake in Happiest Minds TechnologiesInsider Trading / SASThigh impact
Cruxal's analysis: ITC Infotech India Limited has entered into a Share Purchase Agreement to acquire 3 crore…
Read the full analysis - Intimation of closure of Trading WindowInsider Trading / SASTlow impact
- Happiest Minds Technologies releases transcript of investor and analyst call held on September 01, 2026Company Updatelow impact
Cruxal's analysis: Happiest Minds Technologies has filed the official transcript of its investor and analyst…
Read the full analysis - Happiest Minds Technologies publishes Postal Ballot Notice in newspapersCompany Updatelow impact
Cruxal's analysis: Happiest Minds Technologies has completed the mandatory newspaper publication of its…
Read the full analysis - Happiest Minds Technologies Initiates Process to Shift Registered Office to West Bengal Following Amalgamation ApprovalAGM/EGMmedium impact
Cruxal's analysis: Happiest Minds Technologies has issued a Notice of Postal Ballot seeking shareholder…
Read the full analysis - Happiest Minds Technologies Ltd releases audio recording of analyst callCompany Updatelow impact
Cruxal's analysis: Happiest Minds Technologies has made the audio recording of its recent analyst call…
Read the full analysis - Happiest Minds Technologies announces proposal to shift registered office from Karnataka to West BengalCompany Updatelow impact
Cruxal's analysis: The Board of Directors, in their meeting held on August 31, 2026, approved the proposal…
Read the full analysis - Happiest Minds Technologies promoters execute Share Purchase Agreement with ITC Infotech India LimitedCompany Updatemedium impact
Cruxal's analysis: Happiest Minds Technologies has announced that its selling promoters have entered into a…
Read the full analysis - Happiest Minds Technologies schedules analyst and institutional investor meetingCompany Updatelow impact
Cruxal's analysis: Happiest Minds Technologies has issued an intimation regarding a scheduled meeting with…
Read the full analysis - Happiest Minds Technologies Announces Strategic Merger with ITC Infotech to Create a Scaled Global IT Services EntityCompany Updatehigh impact
Cruxal's analysis: Happiest Minds Technologies has announced a definitive agreement to merge with ITC…
Read the full analysis - Happiest Minds Technologies to Merge with ITC Infotech, Targeting USD 1 Billion Revenue by FY28Company Updatehigh impact
Cruxal's analysis: Happiest Minds Technologies has announced a definitive agreement to merge with ITC…
Read the full analysis - Happiest Minds Technologies to Merge with ITC Infotech in Transformative Share Swap DealCompany Updatehigh impact
Cruxal's analysis: Happiest Minds Technologies Limited has announced a definitive merger with ITC Infotech…
Read the full analysis - Happiest Minds Technologies Ltd files disclosure under Regulation 30A of SEBI LODROtherslow impact
Cruxal's analysis: Happiest Minds Technologies has submitted a disclosure in compliance with Regulation 30A…
Read the full analysis - Happiest Minds Technologies to Merge with ITC Infotech India Limited; Promoters Execute Secondary Sale of 22.106% StakeOthershigh impact
Cruxal's analysis: Happiest Minds Technologies Limited has announced a definitive scheme of amalgamation…
Read the full analysis - Happiest Minds Technologies clarifies news report regarding company developmentsCompany Updatelow impact
Cruxal's analysis: Happiest Minds Technologies has issued a formal clarification in response to a news item…
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