Happiest Minds Technologies Ltd.

Happiest Minds Technologies Ltd.

307.35
INR
-4.95
(-1.59%)
15.00EPS
22.69P/E
51.27BMarket Cap
Oct 22Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
31.52
40.2
47.54
55.92
77.47
99.82
109.43
136.87
153.75
157.39
Basic EPS, GAAP
-1.53
0.97
4.88
11.75
12.84
16.13
16.73
12.26
14.12
15.02
Free Cash Flow per Basic Share
0.54
3.85
7.56
10.28
11.62
4.73
13.62
14.96
16.89
- -
Dividend per Share
- -
- -
- -
- -
4.84
3.99
5.8
5.7
6.24
- -
Book Value per Share
-8.93
-6.02
15.59
37.18
46.69
58.58
99.11
104.94
112.44
118.06
Tangible Book Value per Share
-11.49
-7.34
15.11
29.95
39.45
41.7
84.49
38.24
47.33
66.39
Basic Weighted Avg Shares
147
147
147
138
141
143
148
151
151
151
Sales/Revenue/Turnover
4,629
5,904
6,982
7,734
10,937
14,293
16,247
20,609
23,151
23,701
Operating Margin (%)
-6.65
7.83
12.1
23.08
20.73
22.18
17.08
12.89
13.61
14.08
Depreciation Expense
208
248
202
227
329
419
583
887
882
886
Net Income, GAAP
-225
142
717
1,625
1,812
2,310
2,484
1,847
2,126
2,262
Effective Tax Rate (%)
- -
- -
2.58
12.67
26.3
25.45
25.78
27.71
25.19
25.04
Profit Margin (%)
-4.85
2.41
10.27
21.01
16.57
16.16
15.29
8.96
9.18
9.54
Working Capital
-1,507
-980
2,335
4,657
5,628
4,966
12,108
7,931
6,738
9,507
LT Debt
580
381
186
488
584
1,604
1,502
3,855
3,840
- -
Total Equity
-1,089
-660
2,653
5,460
6,658
8,388
14,802
15,746
16,895
17,755
Return on Invested Capital (%)
- -
- -
33.12
27.94
20.29
20.42
12.92
7.68
7.46
10.33
Return on Capital (%)
- -
- -
36.37
30.03
22.65
21.61
16.63
10.67
9.52
13.13
Return on Common Equity (%)
- -
- -
- -
41.93
29.91
30.7
21.42
12.09
13.03
13.5

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
11,027
- -
LT Borrowings
- -
3,429
- -
LT Finance Leases
- -
411
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
150
150
150
Market Capitalization
69,151
54,252
51,269

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
20,945
20,756
23,892
Cash, Cash Equivalents & STI
- -
4,807
- -
Accounts Receivable, Net
3,434
3,903
3,760
Inventories
- -
- -
- -
Total Current Liabilities
12,095
14,018
14,386
Payables & Accruals
- -
- -
- -
ST Debt
- -
11,027
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
27.61%
7.3%
Free Cash Flow
- -
35.87%
12.87%
Net Income, GAAP
- -
7.21%
15.14%
Sales/Revenue/Turnover
- -
24.99%
12.34%
Total Cash Common Dividend
- -
- -
9.35%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4,638
5,216
5,308
5,446
20,609
2026
5,499
- -
5,876
6,041
23,151
2027
6,285
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3.39
3.29
3.33
2.26
12.26
2026
3.79
- -
2.68
4.06
14.12
2027
4.49
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
5.7
2026
- -
- -
- -
- -
6.24
2027
- -
- -
- -
- -
- -

Company Description

CEO
Joseph Anantharaju
Full Time Employees
5,218
Sector
Technology services
Industry
Data processing services
Address
#53/1-4, Hosur Main Road Bangalore KA India 560068
IPO Date
Sep 17, 2020
Business
Happiest Minds Technologies Limited (NSE: HAPPSTMNDS) is a digital transformation and IT services company that enables enterprises and technology providers through seamless customer experiences, enhanced business efficiency, and actionable insights via disruptive technologies including artificial intelligence, generative AI, blockchain, cloud computing, digital process automation, internet of things, robotics, security, and virtual/augmented reality. Founded in 2011 and headquartered in Bengaluru, India, the company offers Product & Digital Engineering Services (PDES) encompassing application development, modernization, product implementation, cloud migration, web analytics, big data integrations, omni-channel applications, user experience design, middleware integrations, content management, portals, and gamification; Generative AI Business Services (GBS) including intelligent digital co-workers like ELAIRA and platforms such as Arttha for unified digital payments and FuzionX Gaming Studio; and Infrastructure Management & Security Services (IMSS) covering cloud infrastructure, cybersecurity, performance engineering, and hardware-as-a-service (HaaS). It serves industries such as automotive, banking/financial services/insurance (BFSI), consumer packaged goods, e-commerce, edutech, engineering R&D, hi-tech, manufacturing, retail, travel/transportation/hospitality, and healthcare, with operations in India, the US, UK, Canada, Australia, and the Middle East. Recent developments include the acquisition of Gavs Technologies' Middle East business for USD 1.7 million in early 2025 to strengthen regional presence and BFSI capabilities; integration of PureSoftware and Aureus acquisitions adding Artha core banking platform with 19 modules deployed in South African banks; a January 2025 strategic partnership with Coca-Cola Beverages Vietnam for AI productivity solutions; the November 2025 launch of ELAIRA, an intelligent digital co-worker for enterprise support; announcement of 10 transformational changes in March 2025 such as organizational restructuring, creation of a Generative AI Business Unit, chief growth officer appointment, focus on private equity firms and global capability centers, and phased HaaS rollout by FY26; and expansion of its Noida campus.

Company News

  • Happiest Minds and IBSFINtech Form Strategic Alliance to Transform Enterprise Treasury Operations

  • Happiest Minds Reinforces "AI First. Agile Always" Strategy to Help Enterprises Build AI-Native, Customer-Obsessed Digital Businesses

  • Happiest Minds Recognized for Excellence in People Analytics at the SHRM Excellence Awards 2025

  • Happiest Minds Launches ELAIRA, an Intelligent Digital Co-Worker for Enterprise Support

  • Happiest Minds' Integrated Annual Report 2025 wins double Gold, ranks #56 globally at LACP Spotlight Awards