1. MARKETS
  2. SECTOR : SOFTWARE & SERVICES
  3. INDUSTRY : IT CONSULTING & SOFTWARE
  4. HAPPIEST MINDS TECHNOLOGIES LTD.
Happiest Minds Technologies Ltd.
NSE: HAPPSTMNDS | BSE: 543227
Ask AI about Happiest Minds
331.957.75(2.39%)
2.0M
NSE+BSE Volume
High volume today

NSE 15 Oct, 2026 1:50 PM (IST)

Portfolio

Alert

My Notes

Happiest Minds quarterly and annual financials: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

View Charts

Forecaster Analyst Estimates for Happiest Minds share price target, revenues, EPS, net income and more

Happiest Minds quarterly results: revenue, profit, and P&L – 13 quarter history

  • POSITIVE

    Quarterly Revenue Happiest Minds Jun-2026 Quarterly Revenue is Rs 584 Cr which is growth of 35.5% YoY.

  • POSITIVE

    Quarterly Net Profit Happiest Minds Jun-2026 Quarterly Net Profit is Rs 57 Cr which is growth of 40.2% YoY.

Happiest Minds Technologies Ltd., Quarterly, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
⌄
584.3549448.4469.5431.1454.1395.3401.1398.6400.7420.2392.3371
Operating Exp.
460.7388.7372.2362.7343.4334.9322314.5311.9307.7302.4298.2275.7
Operating Profit
10068.560.567.859.126.251.360.160.567.568.271.881.3
Operating Profit Margin %
17.84%14.98%13.98%15.75%14.67%7.25%13.73%16.05%16.24%18.00%18.41%19.40%22.77%
Depr.
2012.412.913.19.49.29.59.49.19.18.98.77.6
Interest
27.421.823.323.923.324.624.524.917.710.310.611.210.1
Profit Before Tax
76.312619.669.85561.939.352.259.873.999.374.277.6
Tax
19.412.65.613.514.54.210.614162019.519.620.1
Net Profit
56.9113.41456.240.657.828.738.343.853.979.854.557.4
EPS Adj. latest
3.77.50.93.72.73.81.92.52.93.55.23.63.8
Net profit TTM
240.5224.2168.6183.3165.3168.6164.7215.9232.1245.7243.1220.5221.3
Basic EPS TTM
1614.911.212.21111.21114.415.516.516.314.815.4
Earnings Transcripts
AI Summary
   
  
Results PDF
 
Result Notes
 
*All financials are in INR Cr and price data in INR

Happiest Minds competitor comparison and performance snapshot within industry

Happiest Minds revenue mix: sales, profit, and capital employed breakups by segment

Happiest Minds annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history

  • POSITIVE

    Annual Revenue Happiest Minds Mar-2026 Annual Revenue is Rs 1,901 Cr which is growth of 15.3% YoY.

  • POSITIVE

    Annual Net Profit Happiest Minds Mar-2026 Annual Net Profit is Rs 224 Cr which is growth of 33.0% YoY.

Happiest Minds Technologies Ltd., Annual, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17
12%
19.4%
2,051.11,901.21,648.91,584.11,354.91,071.3784.4714.2601.6460.2445.8
Operating Exp. Ann.
13.2%
20.8%
1,584.31,467.11,283.41,1841,011.8787.9570.8599.4531.5460.5430
Operating Profit Ann.
-6.9%
6.4%
296.8259198288.8320.8245.7190.298.858.8-16.90.8
OPM Ann. %
-16.8%
-10.9%
 13.62%12.01%18.23%23.68%22.93%24.24%13.84%9.78%-3.67%0.18%
⌄
14.8%
21.9%
 1,610.41,412.21,260.61,063.2820.4598.4627.6567.7473.3438.4
EBITDA Ann.
8.2%
15.2%
 434.1365.6400.1343.1283.4213.6114.870.1-0.315.9
EBITDA Ann. margin %
-3.4%
-3.5%
 22.83%22.17%25.26%25.33%26.45%27.23%16.08%11.65%-0.06%3.56%
Interest Ann.
62.5%
67.9%
96.492.291.742.321.58.36.9815.95.92.5
Depr.
19.4%
19.9%
58.451.137.234.33024.220.620.220.26.96
PBT Ann.
-2.5%
7.8%
291.7270.3213.3325291.7250.918675.34.1-13.17.4
Tax Ann.
-15%
13.9%
51.146.244.779.275.364.424.11.93.2
1.2%
6.7%
 224.1168.6245.7216.4186.5161.973.44.1-13.14.2
Net Profit Ann.
1.2%
6.7%
240.5224.1168.6245.7216.4186.5161.973.44.1-13.14.2
NPM Ann. %
-7.2%
-9.4%
 12.98%11.37%16.68%16.23%18.04%21.27%10.51%0.69%-2.94%0.98%
EPS Adj. latest Ann.
1.2%
6.8%
 14.711.116.114.212.310.64.80.3-0.90.3
Result Notes
      
Annual Reports
     
*All financials are in INR Cr and price data in INR
Total Rev. Ann.
1Y CHG
15.3%
2Y CAGR
9.6%
3Y CAGR
12%
5Y CAGR
19.4%
7Y CAGR
17.9%
Total Revenue Annual growth is stable compared to historical averages.
Net Profit Ann.
1Y CHG
32.9%
2Y CAGR
-4.5%
3Y CAGR
1.2%
5Y CAGR
6.7%
7Y CAGR
77.1%
Net Profit Annual growth is stable compared to historical averages.
Operating Exp. Ann.
1Y CHG
14.3%
2Y CAGR
11.3%
3Y CAGR
13.2%
5Y CAGR
20.8%
7Y CAGR
15.6%
Operating Expenses Annual Cr growth is stable compared to historical averages.

Happiest Minds balance sheet as of Mar 2026: assets, liabilities, reserves, and borrowings – 11 year history

  • POSITIVE

    Total Shareholders Fund Happiest Minds Mar-2026 Total Shareholders Fund is Rs 1,637 Cr which is growth of 5.4% YoY.

  • POSITIVE

    Total Assets Happiest Minds Mar-2026 Total Assets is Rs 3,381 Cr which is growth of 10.7% YoY.

Happiest Minds Technologies Ltd., Balance Sheet, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17
⌄
25.6%
24.5%
1,636.61,552.11,473.7826669.7546.7229.3-89.9191.9204
Minority Interest Liability Ann.
-
-
----------
⌄
27.9%
36.3%
422.4426.3184202.174.689.931.247.53911.2
34.1%
37.4%
1,322.31,075.9550.1548.3338.4270.4211.3431.9128.896.1
Total Capital Plus Liabilities Ann.
29%
30.1%
3,381.33,054.32,207.91,576.41,082.8907508.1411.8359.7311.3
⌄
13.2%
58.6%
292.3206203.4201.763.829.13861.344.211
⌄
38.6%
52.5%
1,444.41,271.7455.1542.4178.9175.36379.587.427.4
23.3%
21.5%
1,936.91,782.61,752.81,034903.9731.7445.1332.3272.3283.9
Total Assets Ann.
29%
30.1%
3,381.33,054.32,207.91,576.41,082.8907508.1411.8359.7311.3
Contingent Liabilities plus Commitments Ann.
128.9%
49.6%
107.917.34.196.414.410.86.544.6
Bonus Equity Share Capital Ann.
-
-
Non Current Investments Unquoted Book Value Ann.
59.5%
52.4%
799.6924.5197.2197.260.397.2
Current Investments Unquoted Book Value Ann.
-
-
*All financials are in INR Cr and price data in INR
Total Assets Ann.
1Y CHG
10.7%
2Y CAGR
23.8%
3Y CAGR
29%
5Y CAGR
30.1%
7Y CAGR
35.1%
Total Assets Annual growth is lower than historical averages.
Total Current Liabilities Ann.
1Y CHG
22.9%
2Y CAGR
55%
3Y CAGR
34.1%
5Y CAGR
37.4%
7Y CAGR
17.3%
Total Current Liabilities Annual Cr growth is stable compared to historical averages.
Total ShareHolders Funds Ann.
1Y CHG
5.4%
2Y CAGR
5.4%
3Y CAGR
25.6%
5Y CAGR
24.5%
Total ShareHolders Funds Annual growth is lower than historical averages.

Happiest Minds ROE, ROCE, book value, and debt-to-equity ratio as of Mar 2026 – 11 year history

  • POSITIVE

    Book Value Per Share Happiest Minds Mar-2026 Book Value Per Share is 109 Rs which is growth of 5.3% YoY.

  • POSITIVE

    ROE Happiest Minds Mar-2026 ROE is 14% which is growth of 2.8% YoY.

Happiest Minds Technologies Ltd., Ratios, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17
BVSH Ann.
23.7%
23.1%
108.9103.498.757.646.938.552.2-30.140.644.8
RoA Ann. %
-21.6%
-18%
6.62%5.51%11.12%13.72%17.22%17.85%14.45%0.99%-3.63%1.36%
ROE Ann. %
-19.4%
-14.3%
13.69%10.86%16.67%26.19%27.84%29.62%32.02%-4.57%-8.68%2.60%
ROCE Ann. %
-15.2%
-9.3%
18.59%16.59%22.06%30.46%34.81%30.30%31.86%-247.91%-3.10%4.59%
⌄
          
⌄
          
⌄
          
Total Debt to Total Equity Ann.
10.1%
21.7%
0.80.70.30.60.30.30.3-1.40.60.3
*All financials are in INR Cr and price data in INR
ROE Ann. %
1Y CHG
26.1%
2Y CAGR
-9.4%
3Y CAGR
-19.4%
5Y CAGR
-14.3%
ROE Annual % is stable compared to historical averages.
RoA Ann. %
1Y CHG
20.1%
2Y CAGR
-22.8%
3Y CAGR
-21.6%
5Y CAGR
-18%
7Y CAGR
31.2%
RoA Annual % is stable compared to historical averages.
Current Ratio Ann.
1Y CHG
-11.8%
2Y CAGR
-31.5%
3Y CAGR
-7.6%
5Y CAGR
-11.1%
7Y CAGR
9.4%
Current Ratio Annual is falling faster than historical averages.

Happiest Minds cash flow: net, operating, investing, and financing flows as of Mar 2026 – 11 year history

  • NEGATIVE

    Cash From Operating Activity Happiest Minds Mar-2026 Cash From Operating Activity is Rs 88 Cr which is growth of -13.7% YoY.

  • POSITIVE

    Net Cash Flow Happiest Minds Mar-2026 Net Cash Flow is Rs 11 Cr which is growth of 119.4% YoY.

Happiest Minds Technologies Ltd., Cash Flow, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17
-20.1%
-10.2%
87.7101.7189.1171.8159.3150.3112.658.4-4.6-11.2
Cash from Investing Act. Ann.
-
-
-23.6-607.7-435.1-343.4-110.8-283.7-74.5-0.5-27.4-76.4
Cash from Financing Act. Ann.
-
-
-53.3450.1358.2102.5-72.2169.4-12.8-58.34080.6
-
-21.3%
10.9-56112.2-69.2-23.736.125.3-0.48-7
*All financials are in INR Cr and price data in INR
Cash from Operating Act. Ann.
1Y CHG
-13.8%
2Y CAGR
-31.9%
3Y CAGR
-20.1%
5Y CAGR
-10.2%
7Y CAGR
6%
Cash from Operating Activity Annual is falling faster than historical averages.

Happiest Minds investor presentations, annual reports, credit ratings, and earnings calls with AI summary, video, and audio access