Happiest Minds Technologies Ltd.

₹410.85

39.2 (10.5%)

HAPPSTMNDS Share Price

IT - Software

As on March 20, 2026

SectorInformation Technology

IndustryIT - Software

Basic IndustryComputers - Software & Consulting

Market Cap₹ 6,166 Cr

P/E Ratio33.38

Dividend Yield0.73 %

Trendline Performance

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T&C*

Technicals

Indicators	Value	Signal
5-DMA	384.9	Bullish
10-DMA	387.95	Bullish
20-DMA	371.75	Bullish
50-DMA	392.75	Bullish
100-DMA	442.81	Bearish
200-DMA	514.08	Bearish

Historical Performance

1 Year

-36.3%

3 Years

-49%

5 Years

-22.9%

10 Years

N/A

Shareholding Pattern

Values Analysis

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Profit & Loss

Below figures are in Rs. Crores

Particulars	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Operating Expenses	200	209	196	154	82
Other Income	1,048	854	354	371	242
Operating Profit	4,558	4,212	3,800	2,948	2,152
Interest	995	423	219	100	65
Depreciation	887	583	419	329	227
Profit Before Tax	2,555	3,347	3,099	2,458	1,860
Consolidated Net Profit	1,847	2,484	2,310	1,812	1,625
Adjusted EPS	12	17	16	13	11

Compounded Sales Growth

10 Years:34.5

5 Years:24.2

3 Years:13.5

TTM:4.9

Compounded Profit Growth

10 Years:26.5

5 Years:20.8

3 Years:0.4

TTM:-5.8

Stock Price CAGR

10 Years:N/A

5 Years:-5.1

3 Years:-20.1

TTM:-37.4

Return on Equity

10 Years:N/A

5 Years:11.5

3 Years:16.1

last year:12.3

Quarterly Results

Below figures are in Rs. Crores

Particulars	Sep-2024	Dec-2024	Mar-2025	Jul-2025	Sep-2025
Sales	1,70,754	1,35,936	1,28,552	1,22,189	1,05,161
Expenses	63,042	56,557	52,457	45,459	34,856
Operating Profit	1,07,712	79,379	76,096	76,730	70,304
OPM %	63%	58%	59%	63%	67%
Other Income	33,912	31,759	27,333	24,879	18,947
Interest	77,780	58,584	59,248	62,137	53,713
Depreciation	2,345	1,681	1,385	1,277	1,221
Profit Before Tax	61,498	50,873	42,796	38,195	34,318
Tax %	25%	25%	26%	29%	35%
Net Profit	46,149	38,151	31,857	27,296	22,446
EPS in Rs	83	69	58	50	42

Balance Sheet

Below figures are in Rs. Crores

Particulars	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Share Capital	300	299	287	285	284
Total Reserves	15,439	14,487	8,075	6,334	5,140
Long-Term Borrowings	---	---	---	---	---
Total Non-Current Liabilities	5,404	1,842	2,132	876	869
Other Current Liabilities	2,478	1,368	1,540	1,342	1,090
Short Term Borrowings	8,159	3,296	3,290	1,527	1,097
Total Liabilities	33,229	22,314	16,284	11,180	9,117
Capital Work in Progress	---	1	18	---	1
Long Term Loans & Advances	1,086	400	357	139	176
Currents Investments	3,504	---	---	4,640	3,915
Short Term Loans and Advances	1,830	1,436	1,359	1,148	719
Total Current Assets	20,010	17,778	10,730	9,274	7,445
Total Assets	33,229	22,314	16,284	11,180	9,117
Adjusted Book Value	105	99	58	46	38

Positive

(80 to 100)

Neutral

(60 to 79)

Negative

(0 to 59)

The stock has a high PE of 33.38, indicating expensive valuation or elevated growth expectations.
Over the last three years, the stock delivered a weak 3-year price CAGR of -20.1%, indicating poor shareholder returns.
The stock carries a beta of 1.0, indicating volatility broadly in line with the market.
In the last financial year, the company reported an EBITDA of ₹4558 million, reflecting positive operating performance.
In the previous financial year, the company generated revenue of ₹20608 million, indicating a large and established business.

Investment Calculator

Investment Amount:

₹

Investment Amount: ₹ 1000000

Current Value: ₹ 626009.4

No. of Shares: 1524 (Approx)

Performance:-37.4%

P/L: ₹-373990.6

NIFTY Performance: -1%

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