Flash Finance

Happiest Minds Technologies LimitedHAPPSTMNDSCorporate

Computers - Software - Medium / Small Latest results: Jun 2026 14 quarters of data
Consolidated Standalone
₹335.90
MCap ₹5,047 Cr · P/E 22.7
Happiest Minds Technologies Limited — Stock analysis & AI research Happiest Minds Technologies Limited — Multibagger AI analysis Happiest Minds Technologies Limited — Seasonality — best & worst months Happiest Minds Technologies Limited — Technical indicators & charts Happiest Minds Technologies Limited — Technical setup — score, trend, support & resistance Happiest Minds Technologies Limited — Live exchange announcements
📈 SuperTrend Bullish Signal📈 Strong Trend Stocks (ADX > 25)📈 Multi-Timeframe Bearish Stocks 🏭 IT sector
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹629 Cr
Sales · Jun 2026
+14.3% YoY
₹118 Cr
Operating Profit · Jun 2026
+68.2% YoY
18.7%
OPM % · Jun 2026
+47.2% YoY
₹68 Cr
Net Profit · Jun 2026
+18.3% YoY
₹4.49
EPS · Jun 2026
+19.7% YoY

📝 Happiest Minds Technologies Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Happiest Minds Technologies Limited reported revenue of ₹629 crore for the quarter ended June 2026 (Q1 FY27), up 14.3% from ₹550 crore in the same quarter last year, and up 4.1% sequentially over the March 2026 quarter.

Net profit rose 18.3% year-on-year to ₹68 crore, from ₹57 crore. Earnings per share (EPS) came in at ₹4.49.

Operating profit stood at ₹118 crore — an operating margin (OPM) of 18.7%, compared with 12.7% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Happiest Minds Technologies Limited posted revenue of ₹2,315 crore, a growth of 12.3% over FY25, with a net profit of ₹212 crore (up 14.9% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹2,394 crore with a net profit of ₹223 crore.

Valuation snapshot

At the current price of ₹335.90, HAPPSTMNDS has a market capitalisation of ₹5,047 crore and a trailing P/E of about 22.7.

Within the Computers - Software - Medium / Small industry, it is the 16th-largest of the 126 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 44.21%, foreign institutional investors (FIIs) 5.94%, domestic institutional investors (DIIs) 8.99%, public shareholders 39.53% of Happiest Minds Technologies Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹5,047 Cr
Current Price ?
₹335.9
P/E ?
22.67above ind
Industry P/E ?
18.20
P/B ?
2.99
P/S ?
2.11
P/FCF ?
19.79
Enterprise Value ?
₹6,534 Cr
EV/EBITDA ?
16.17
PEG ?
N/A
Earnings Yield ?
5.0%
Dividend Yield ?
1.89%
Profitability & Returns
Sales (TTM) ?
₹2,394 Cr
OPM ?
16.9%
Profit after tax (TTM) ?
₹223 Cr
EPS (TTM) ?
₹14.82
ROCE ?
13.0%
ROE ?
13.2%
ROA ?
6.1%
Growth
Sales — latest qtr ?
₹629 Cr
PAT — latest qtr ?
₹68 Cr
YoY qtr sales growth ?
14.3%
YoY qtr profit growth ?
18.3%
Sales growth (3y) ?
17%
Sales growth (5y) ?
25%
Profit growth (3y) ?
-1%
Profit growth (5y) ?
7%
Financial Health
Debt ?
₹1,487 Cr
Debt to Equity ?
0.88
Interest Coverage ?
4.0
Current Ratio ?
N/A
Ownership
Promoter holding ?
44.21%
Change in promoter holding ?
-0.01%
Pledged percentage ?
N/A
Market
Return 3 months ?
-11.5%
Return 6 months ?
-12.0%

🗓️ Quarterly results (14 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 378391407410417464522531545550574588604629 +14.3% +4.1%
Operating Profit 9189767693857771847076107104118 +68.2% +13.1%
Other Income 814222425252723143022-62124 -21.1% +12.8%
Interest 810111010202514251213252328 +144.1% +23.7%
Depreciation 13149912221111231112222223 +98.2% +2.9%
Profit Before Tax 7979798196686869507773548090 +17.3% +12.8%
Net Profit 5858586072515050345754406168 +18.3% +10.8%
EPS 3.933.973.843.924.733.393.253.292.233.753.552.654.024.49 +19.7% +11.7%
OPM % 24.2% 22.8% 18.7% 18.4% 22.2% 18.3% 14.8% 13.3% 15.4% 12.7% 13.2% 18.2% 17.2% 18.7% +47.2% +8.7%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹2,061 Cr ₹2,315 Cr ₹2,394 Cr +12.3%
Operating Profit ₹317 Cr ₹356 Cr ₹404 Cr +12.6%
OPM % 15.36% 15.39% 16.88% +0.2%
NPM % 8.96% 9.16% 9.30% +2.2%
Other Income ₹89 Cr ₹67 Cr ₹60 Cr -25.5%
Depreciation ₹67 Cr ₹67 Cr ₹78 Cr -0.2%
Interest ₹84 Cr ₹72 Cr ₹89 Cr -13.5%
EBIT ₹249 Cr ₹289 Cr ₹326 Cr +16.0%
PBT ₹255 Cr ₹284 Cr ₹297 Cr +11.2%
Tax ₹17 Cr ₹19 Cr ₹41 Cr +7.2%
Net Profit ₹185 Cr ₹212 Cr ₹223 Cr +14.9%
EPS ₹12.16 ₹13.97 ₹14.71 +14.9%
Material Cost — — — —
Employee Cost ₹300 Cr — ₹411 Cr —
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 29303030 +0.0%
Reserves 8101,4501,5451,659 +7.4%
Borrowings 5345121,2441,487 +19.5%
Other Liabilities 256242505449 -11.1%
Total Liabilities 1,6282,2353,3233,625 +9.1%
Fixed Assets 4324131,2111,174 -3.1%
CWIP 3000 —
Investments 130350504 +44.0%
Other Assets 1,1811,8221,7611,948 +10.6%
Total Assets 1,6282,2353,3233,625 +9.1%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 207213236261 +10.6%
Cash from Investing Activity -348-537-731-121 +83.4%
Cash from Financing Activity 72363499-144 -128.9%
Net Cash Flow -68394-4 -200.0%
Free Cash Flow 68202225255 +13.3%
CFO/OP 82%94%95%89% -6.3%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 54576362 -1.6%
Cash Conversion Cycle 54576362 -1.6%
Working Capital Days -50-28-109-38 +65.1%
ROCE % 30%22%15%13% -13.3%

👥 Shareholding (latest 4 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026 % Chg
Promoters 44.22%44.21%44.21%44.21% +0.0%
FIIs 5.33%5.39%5.89%5.94% +0.8%
DIIs 10.57%10.20%9.62%8.99% -6.5%
Public 38.48%38.83%38.94%39.53% +1.5%
Others 1.40%1.36%1.34%1.32% -1.5%
No. of Shareholders 6,79,1286,64,2626,50,7496,42,274 -1.3%

⚖️ Peer comparison

Industry: Computers - Software - Medium / Small · top 25 of 126 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 BBOX Black Box ₹795.75 14,132 63.0 6,323 218 8.7% 3.5% 6.0% 6.7% 9.5% 7.5%
2 E2E E2E Networks ₹590.40 12,130 103.4 546 117 70.9% 21.5% 49.8% -132.8% 410.9% 640.2%
3 CYIENT Cyient ₹1,054.50 10,978 30.3 7,632 414 12.3% 5.4% -1.3% -28.6% 21.3% -30.9%
4 RATEGAIN Rategain Travel ₹837.10 9,913 40.8 2,336 242 19.7% 10.4% 69.4% -6.9% 187.6% 102.2%
5 BLS BLS International ₹226.74 9,331 13.2 3,179 745 27.3% 23.4% 36.7% 34.1% 25.3% 11.4%
6 INTELLECT Intellect Design ₹652.10 9,098 25.6 3,181 351 19.0% 11.0% 21.5% 2.7% 20.4% 8.7%
7 BSOFT BIRLASOFT ₹281.25 7,865 13.7 5,405 573 20.0% 10.6% -1.2% 0.2% 7.4% 51.9%
8 NEWGEN Newgen Software ₹478.45 6,763 21.6 1,611 314 25.8% 19.5% 5.9% -4.6% 11.3% 26.7%
9 SONATSOFTW Sonata Software ₹241.15 6,675 14.6 10,701 463 7.6% 4.3% 5.4% 8.9% -3.1% 20.4%
10 TANLA Tanla Platforms ₹499.70 6,599 12.4 4,603 533 16.5% 11.6% 9.7% 0.4% 17.8% 20.1%
11 LATENTVIEW Latent View ₹255.60 5,293 27.0 1,111 199 21.8% 17.9% 25.0% 16.8% 21.6% -7.6%
12 EMUDHRA eMudhra ₹642.30 5,270 46.0 745 117 23.3% 15.7% 35.1% 27.9% 29.5% 27.9%
13 KODYTECH Kody Technolab ₹3,550.00 5,074 223.8 84 22 32.7% 26.5% — — 59.9% 104.9%
14 MAPMYINDIA C.E. Info ₹900.00 4,928 35.8 492 139 35.6% 28.2% 2.2% -9.1% 14.9% 10.0%
15 MASTEK Mastek ₹1,589.50 4,928 11.8 3,769 417 15.9% 11.1% 7.0% 7.0% 7.7% 15.0%
16 HAPPSTMNDS Happiest Minds ₹318.35 4,784 21.6 2,394 223 16.9% 9.3% 12.3% 14.9% 14.3% 18.3%
17 MPSLTD MPS ₹2,654.90 4,507 24.0 806 188 32.0% 23.3% 5.7% 16.0% 20.4% 44.0%
18 DATAMATICS Datamatics Global ₹755.55 4,466 20.7 2,033 217 19.5% 10.7% 15.3% -5.1% 9.9% 43.7%
19 63MOONS 63 moons ₹905.10 4,171 — 212 -37 -136.8% -17.3% 122.3% 28.5% 2028.8% 1666.0%
20 MOSCHIP Moschip Technologies ₹200.33 3,906 230.5 501 17 7.7% 3.3% 29.3% -10.2% -14.1% -98.0%
21 AURIONPRO Aurionpro Solutions ₹711.10 3,826 19.2 1,433 206 19.2% 14.4% 20.4% 11.6% 6.3% -11.7%
22 NPST Network People ₹1,678.20 3,501 78.3 218 45 25.2% 20.6% 12.8% -7.9% 66.6% 52.9%
23 CIGNITITEC Cigniti Technologies ₹1,260.10 3,471 11.5 2,211 302 17.1% 13.7% -16.5% 14.3% 12.2% 26.3%
24 RSYSTEMS R Systems ₹254.70 3,018 15.6 2,230 193 16.9% 8.6% 18.3% 49.3% 30.2% -26.7%
25 BLSE BLS E-Services ₹313.55 2,842 49.5 1,118 69 6.7% 6.2% 145.5% 31.7% 35.3% 7.3%
❓ Frequently asked questions
What was Happiest Minds Technologies Limited's revenue in Q1 FY27?
Happiest Minds Technologies Limited reported revenue of ₹629 crore for the quarter ended June 2026 (Q1 FY27), up 14.3% from ₹550 crore in the same quarter last year, and up 4.1% sequentially over the March 2026 quarter.
What was Happiest Minds Technologies Limited's net profit in Q1 FY27?
Net profit rose 18.3% year-on-year to ₹68 crore, from ₹57 crore. Earnings per share (EPS) came in at ₹4.49.
What is HAPPSTMNDS's market capitalisation and P/E ratio?
At the current price of ₹335.90, HAPPSTMNDS has a market capitalisation of ₹5,047 crore and a trailing P/E of about 22.7.
Who owns Happiest Minds Technologies Limited? (shareholding pattern)
As of Mar 2026, promoters held 44.21%, foreign institutional investors (FIIs) 5.94%, domestic institutional investors (DIIs) 8.99%, public shareholders 39.53% of Happiest Minds Technologies Limited.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI