HAPPSTMNDS

Happiest Minds Technologies Ltd.

NSE: HAPPSTMNDS

BSE: 543227

Sector: Information Technology

Industry Group: IT - Software

Industry: Computers - Software & Consulting

365.55+21.2 (+6.16%)

9 Jul, 3:29 PM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

57.4 / 100

Value Score

68.9 / 100

Price Momentum Score

8.8 / 100

QVM Score

36.8 / 100

Key Metrics

Market Cap

5153.31

P/E (TTM)

24.24

P/B

3.05

P/S (TTM)

2.23

EV/EBITDA

12.54

CAPE (5Y)

24.01

ROE (TTM)

13.03

ROCE (TTM)

10.52

ROA (TTM)

6.09

Avg 3Y ROE

15.51

Earnings 3Y CAGR

-4.13

Sales 3Y CAGR

17.44

Sales 5Y CAGR

24.52

Debt/Equity

0.88

Consensus TP

524.50

Strong Buy %

33.33

Promoter Holding

44.21

Pledged %

1.76

Stock Analysis

Fundamental analysis overview of Happiest Minds Technologies Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Moderate EPS growth and above median growth of industry

The company delivered moderate EPS growth of 15.05% for 12-month ended 31 Mar 2026 and the growth was 5.71 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.88 as on 31 Mar 2026 and Debt to Equity increased marginally by 0.09 in the last 1 year

What is Debt to Equity?

Consistently pays dividend

The company has not missed dividend payments once in the last 5 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Weak price momentum

Price Momentum score of 8.8 indicates that the stock has weak price momentum. Research has shown that stocks with lower momentum continue to underperform in the near term

What is Price Momentum score?

8.8 / 100

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -4.28% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Neutral

Reasonably valued but PE TTM is at a premium to industry median P/E

PE TTM of 24.24 indicates that the stock is reasonably valued on a standalone basis but is at a 11.5% premium to industry median P/E

What is P/E Ratio?

Median: 21.74

Value 24.24

0.643101.68

Moderate and stable ROE

The company reported moderate ROE of 13.03% for 12-month ended 31 Mar 2026 and ROE improved marginally by 93 bps from 1 year ago

What is ROE (FY)?

Moderate and stable operating margin

The company reported moderate operating margin of 13.61% for 12-month ended 31 Mar 2026 and operating margin improved marginally by 72 bps from 1 year ago

What is Operating profit margin?

Moderate revenue growth and in line with median growth of industry

The company delivered moderate revenue growth of 12.34% for 12-month ended 31 Mar 2026 and the growth was 0.7 percentage points higher than median growth of industry

What is Sales growth (1Y)?

Median: 11.64

Value 12.34

-92.27941.19

Company's earnings are of moderate quality

Earnings quality score of 60.2 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

60.2 / 100

Moderate dividend yield

The company has a moderate dividend yield of 1.82%

What is Dividend yield?

Financial Snapshot

See detailed analysis

Multi-year trends for Happiest Minds Technologies Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Happiest Minds Technologies Ltd. Shareholding Pattern

Quarterly breakdown of Happiest Minds Technologies Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Aug 2018	Aug 2019	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Total Promoter	33.31	40.88	53.25	53.25	53.25	53.25	53.25	53.25	53.26	53.25	53.25	53.25	53.24	53.24	51.35	50.24	50.24	44.22	44.22	44.22	44.21	44.21	44.21	44.21	44.21
Indian Promoter	33.31	40.88	53.25	53.25	53.25	53.25	53.25	53.25	53.26	53.25	53.25	53.25	53.24	53.24	51.35	50.24	50.24	44.22	44.22	44.22	44.21	44.21	44.21	44.21	44.21
Foreign Promoter	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	0.00	0.00	14.57	13.87	14.45	10.25	9.12	8.66	7.77	5.42	5.42	5.40	5.40	5.77	7.56	7.46	7.27	8.15	9.51	11.25	15.63	15.90	15.59	15.51	14.93
Mutual Funds / UTI	0.00	0.00	6.47	6.17	6.57	3.26	1.47	1.28	1.03	1.01	1.07	0.91	0.78	0.78	1.33	1.18	1.32	1.46	2.66	3.67	8.37	8.31	7.90	7.56	7.00
FI/Bank/Insurance	0.00	0.00	0.10	0.03	0.03	0.03	0.04	0.03	0.03	0.00	0.41	0.41	0.47	0.48	1.10	1.23	1.25	1.32	1.51	2.23	2.21	2.26	2.30	2.06	1.97
Govt	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	7.21	7.51	7.07	6.23	7.05	6.93	6.29	4.00	3.94	4.07	4.15	4.52	5.14	5.05	4.69	5.31	5.33	5.34	5.04	5.33	5.39	5.89	5.94
Other Institutions	0.00	0.00	0.80	0.16	0.79	0.73	0.98	0.82	0.86	0.82	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.07	0.01	0.01	0.00	0.00	0.00	0.00	0.02
Non-Institution	66.69	59.00	32.18	32.88	32.30	36.50	37.62	38.08	38.98	41.33	41.33	41.36	41.35	40.98	41.09	42.30	42.50	47.62	46.26	44.53	40.16	39.89	40.20	40.27	40.86
Bodies Corporate	0.00	0.00	2.13	2.69	2.65	2.77	2.33	2.26	2.24	3.78	3.88	3.89	3.88	3.88	3.87	4.14	4.08	5.21	4.83	4.21	1.63	1.94	1.97	1.26	1.38
Others (incl. Retail) No. of shareholders	66.69 0	59.00 0	30.05 1,75,154	30.19 1,92,838	29.65 2,06,344	33.73 3,42,844	35.29 5,26,626	35.82 6,03,096	36.74 6,74,194	37.55 7,17,694	37.45 7,18,233	37.47 7,11,882	37.47 7,10,631	37.10 6,95,851	37.22 7,27,295	38.16 7,35,084	38.42 7,31,276	42.41 7,58,422	41.43 7,27,306	40.32 7,06,039	38.53 6,86,769	37.95 6,78,105	38.23 6,63,249	39.01 6,49,779	39.48 6,41,366

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	Nifty Microcap 250	0.31%	129 / 250
2	Nifty Total Market	0.02%	576 / 749

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Happiest Minds Technologies Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
AJAY DURGAPRASAD AGRAWAL Employee	August-2021	Market Sale (Disposal) 12th Aug 2021	0.10 %	₹ 1,429.01	1.00 k	₹ 14.29 lac
SAJITH KUMAR S Employee	August-2021	Market Sale (Disposal) 10th Aug 2021	0.08 %	₹ 1,370.00	5.25 k	₹ 71.92 lac
SACHIN KHURANA Employee	August-2021	Market Sale (Disposal) 10th Aug 2021	0.03 %	₹ 928.00	5.00 k	₹ 46.40 lac
SRIDHAR MANTHA Employee	August-2021	Market Sale (Disposal) 10th Aug 2021	0.17 %	₹ 1,374.60	10.00 k	₹ 1.37 cr
RAGHAVENDRA N Employee	August-2021	Market Sale (Disposal) 10th Aug 2021	0.01 %	₹ 914.25	1.25 k	₹ 11.38 lac
HUZEFA SAIFEE Employee	August-2021	Market Sale (Disposal) 10th Aug 2021	0.03 %	₹ 888.45	5.50 k	₹ 48.87 lac
THEETHIRA BHEEMAIAH GANAPATHI Employee	August-2021	Market Sale (Disposal) 10th Aug 2021	0.26 %	₹ 950.00	6.00 k	₹ 57.00 lac
THEETHIRA BHEEMAIAH GANAPATHI Employee	August-2021	Market Sale (Disposal) 10th Aug 2021	0.27 %	₹ 925.00	5.00 k	₹ 46.25 lac
THEETHIRA BHEEMAIAH GANAPATHI Employee	August-2021	Market Sale (Disposal) 10th Aug 2021	0.26 %	₹ 993.75	8.00 k	₹ 79.50 lac
SURESH KANNIAPPAN Employee	August-2021	Market Sale (Disposal) 10th Aug 2021	0.03 %	₹ 800.00	1.50 k	₹ 12.00 lac

…

Corporate Actions

History of Happiest Minds Technologies Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 3.65/share
Record date: 17th Jul 2026Ex-date: 17th Jul 2026
Announced on: 28th May 2026
Dividend₹ 2.75/share
Record date: 4th Nov 2025Ex-date: 4th Nov 2025
Announced on: 28th Oct 2025
Dividend₹ 3.50/share
Record date: 18th Jul 2025Ex-date: 18th Jul 2025
Announced on: 13th May 2025
Dividend₹ 2.50/share
Record date: 27th Nov 2024Ex-date: 27th Nov 2024
Announced on: 14th Nov 2024
Dividend₹ 3.25/share
Record date: 14th Jun 2024Ex-date: 14th Jun 2024
Announced on: 6th May 2024

Company Profile

Overview of Happiest Minds Technologies Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Happiest Minds Technologies Limited is an India-based digital transformation information technology (IT) consulting and services company. Its segments include Infrastructure Management & Security Services (IMSS), Product Engineering Services (PES), and Digital Business Services (DBS). The IMSS segme...

Key personnel

Mr. Anand Balakrishnan

Chief Financial Officer

Mr. Ram Mohan C

Chief Executive Officer - Infrastructure Management and Security Services (IMSS), Head - IMSS Business Unit

Mr. Sachin Khurana

Chief People Officer

Mr. Sridhar Mantha

Chief Executive Officer - Generative AI , Chief Technology Officer

Mr. Sajith S. Kumar

Chief Information Officer

Mr. Praveen Kumar Darshankar

Compliance Officer, Company Secretary, Head of Legal

Mr. Vijay Bharti

Chief Information Security Officer

Mr. Ramu M R

COE Head - Digital Process Automation

View all

Incorporated on

30 Mar 2011

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

4,756

IPO date

17 Sep 2020

Free Float

8,09,25,661

Website

https://www.happiestminds.com/

Phone no.

+918039653000

Address

SMILES 1, SJR Equinox, Sy.No.47/8, Doddathogur Village, Begur Hobli, Electronics City Phase 1, Hosur Road, BANGALORE, 560100, India

Frequently Asked Questions

What is the current share price of Happiest Minds Technologies Ltd.?

The current share price of Happiest Minds Technologies Ltd. is ₹ 365.55 as of 9 Jul 2026.

What is the market capitalisation of Happiest Minds Technologies Ltd.?

The market capitalisation of Happiest Minds Technologies Ltd. stands at ₹ 5,153.31 Cr.

What is the PE ratio of Happiest Minds Technologies Ltd.?

The Price-to-Earnings (PE) ratio of Happiest Minds Technologies Ltd. is 24.24 as of the latest trailing twelve months data.

What is the ROE and ROCE of Happiest Minds Technologies Ltd.?

Happiest Minds Technologies Ltd. has a Return on Equity (ROE) of 13.03% and a Return on Capital Employed (ROCE) of 10.52% as per the latest financial reports.

What is the 52-week high and low of Happiest Minds Technologies Ltd.?

The 52-week high of Happiest Minds Technologies Ltd. is - and the 52-week low is -.

What is the dividend yield of Happiest Minds Technologies Ltd.?

The dividend yield of Happiest Minds Technologies Ltd. is 1.82% based on the current market price.

What is the FII and DII holding in Happiest Minds Technologies Ltd.?

Foreign Institutional Investors (FII) hold 5.94%, Domestic Institutional Investors (DII) hold 8.97% and retail/public investors hold 39.48% of Happiest Minds Technologies Ltd. shares.

What sector does Happiest Minds Technologies Ltd. belong to?

Happiest Minds Technologies Ltd. operates in the Information Technology sector. 100% of analysts have a Buy or Strong Buy rating on Happiest Minds Technologies Ltd. with a consensus target price of ₹ 524.50, implying 52.43% upside from current levels.

What is the beta of Happiest Minds Technologies Ltd.?

The beta of Happiest Minds Technologies Ltd. is 1.04, indicating its price volatility relative to the broader market. Over the past 1 year, Happiest Minds Technologies Ltd. has delivered an absolute return of -47.54%.

What is the RSI of Happiest Minds Technologies Ltd.?

The 14-day Relative Strength Index (RSI) of Happiest Minds Technologies Ltd. is 43.38, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Happiest Minds Technologies Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Happiest Minds Technologies Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Corporate Actions

Stock Analysis

Holdings and Presence

Company Profile