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Happiest Minds Technologies Limited

Happiest Minds Technologies Limited

HAPPSTMNDS.BO
Happiest Minds Technologies LimitedIN flagBombay Stock Exchange
349.55
INR
+2.20
- -
52.52BMarket Cap
Happiest Minds Technologies Limited
HAPPSTMNDS.BO
(Bombay Stock Exchange)

Recent

price

349.55

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
31.52
40.2
47.54
55.92
77.47
99.82
109.43
136.82
153.75
142.62
Revenue per Share
-1.53
0.97
4.88
11.75
12.84
16.13
16.73
12.26
14.12
12.67
Basic EPS, GAAP
0.54
3.85
7.56
10.28
11.62
4.73
13.62
14.95
16.88
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
4.84
3.99
5.8
5.7
6.24
- -
Dividend per Share
-20.18
-19.09
-3.21
9.68
17.45
29.28
39.09
44.81
2
- -
Book Value per Share
-11.49
-7.34
15.11
31.81
39.85
41.7
85
38.1
47.23
- -
Tangible Book Value per Share
147
147
147
138
141
143
148
151
151
151
Basic Weighted Avg Shares
4,629
5,904
6,982
7,734
10,936
14,293
16,247
20,608
23,151
21,469
Sales/Revenue/Turnover
-6.65
7.83
12.1
23.08
20.73
22.18
17.08
12.89
13.61
12.79
Operating Margin (%)
208
248
202
227
329
419
583
887
882
890
Depreciation Expense
-225
142
717
1,625
1,812
2,310
2,484
1,847
2,126
1,908
Net Income, GAAP
- -
- -
2.58
12.67
26.3
25.45
25.78
27.71
25.19
27.72
Effective Tax Rate (%)
-4.85
2.41
10.27
21.01
16.57
16.16
15.29
8.96
9.18
8.88
Profit Margin (%)
-1,507
-980
2,335
4,657
5,628
4,966
12,108
7,930
6,738
- -
Working Capital
580
381
186
488
584
1,604
1,502
3,855
3,840
- -
LT Debt
-1,089
-660
2,653
5,460
6,658
8,388
14,802
15,746
16,895
- -
Total Equity
- -
- -
42.65
28.97
20.53
20.79
12.3
8.04
7.89
- -
Return on Invested Capital (%)
- -
- -
-469.92
78.14
45.54
34.13
27.35
17.04
16.62
36.97
Return on Capital (%)
- -
- -
- -
- -
95.33
69.41
49.7
29.42
60.32
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
8,581
- -
LT Borrowings
- -
3,354
- -
LT Finance Leases
- -
501
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
150
150
- -
Market Capitalization
110,527
89,652
98,767

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
15,753
20,010
- -
Cash, Cash Equivalents & STI
12,695
6,659
- -
Accounts Receivable, Net
2,534
3,581
- -
Inventories
- -
- -
- -
Total Current Liabilities
5,969
12,079
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
8,581
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,909
4,066
4,099
4,173
16,247
2025
4,638
5,216
5,308
5,446
20,608
2026
5,499
5,876
6,041
- -
23,151

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.04
3.92
3.98
- -
16.73
2025
3.39
3.29
3.33
2.26
12.26
2026
3.79
2.68
4.06
- -
14.12

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5.8
2025
- -
- -
- -
- -
5.7
2026
- -
- -
- -
- -
6.24
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Business
Happiest Minds Technologies Limited (BSE, NSE: HAPPSTMNDS) provides AI-led digital engineering and IT services, enabling digital transformation for enterprises through seamless customer experiences, business efficiency, and actionable insights. The company offers Product & Digital Engineering Services (PDES) encompassing application development, maintenance, modernization, cloud services, product engineering, user experience design, web and mobile solutions, IoT, blockchain, and virtual/augmented reality; Generative AI Business Services (GBS) focused on AI, GenAI, analytics, automation, and proprietary platforms like Arttha for digital payments and FuzionX Gaming Studio; and Infrastructure Management & Security Services (IMSS) including cloud infrastructure, cybersecurity, and data center technologies. Founded in 2011 and headquartered in Bengaluru, India, Happiest Minds operates across the Americas, UK, Europe, Australia, the Middle East, Africa, and Asia, serving sectors such as BFSI, healthcare & life sciences, edtech, hi-tech, manufacturing, retail, CPG, logistics, energy & utilities, media & entertainment, automotive, and e-commerce. Recent developments include the April 2024 acquisition of PureSoftware Technologies for US$94.5 million to bolster BFSI and healthcare capabilities, adding 1,200 employees and expanding presence in Mexico, Singapore, Malaysia, and Africa; a January 2025 strategic partnership with Coca-Cola Beverages Vietnam for AI-driven productivity solutions; and the September 2025 merger approval with subsidiary Happiest Minds Edutech to streamline operations. As of June 2025, the company reports annualized revenues exceeding $270 million, employs over 6,500 people across 43 global offices, and maintains partnerships with technology leaders like Microsoft and AWS.

Company News

APIChatGPT

  • prnewswire.com

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

  • prnewswire.com

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

  • prnewswire.com

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

  • prnewswire.com

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

  • prnewswire.com

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