Flash Finance

Happiest Minds Technologies LimitedHAPPSTMNDSCorporate

Computers - Software - Medium / Small Latest results: Mar 2026 13 quarters of data
Consolidated Standalone
₹335.90
MCap ₹5,047 Cr · P/E 22.6
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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.
₹457 Cr
Sales · Mar 2026
+17.8% YoY
₹68 Cr
Operating Profit · Mar 2026
+94.3% YoY
14.9%
OPM % · Mar 2026
+65.6% YoY
₹113 Cr
Net Profit · Mar 2026
+276.7% YoY
₹7.45
EPS · Mar 2026
+272.5% YoY

📝 Happiest Minds Technologies Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Happiest Minds Technologies Limited reported revenue of ₹457 crore for the quarter ended March 2026 (Q4 FY26), up 17.8% from ₹388 crore in the same quarter last year, and up 5.5% sequentially over the December 2025 quarter.

Net profit rose 276.7% year-on-year to ₹113 crore, from ₹30 crore. Earnings per share (EPS) came in at ₹7.45.

Operating profit stood at ₹68 crore — an operating margin (OPM) of 14.9%, compared with 9.0% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Happiest Minds Technologies Limited posted revenue of ₹1,726 crore, a growth of 10.1% over FY25, with a net profit of ₹223 crore (up 53.4% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹1,726 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 22.6.

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 ?
22.61above ind
Industry P/E ?
18.20
P/B ?
3.08
P/S ?
2.92
P/FCF ?
60.81
Enterprise Value ?
₹6,468 Cr
EV/EBITDA ?
25.07
PEG ?
5.65
Earnings Yield ?
3.2%
Dividend Yield ?
1.89%
Profitability & Returns
Sales (TTM) ?
₹1,726 Cr
OPM ?
14.9%
Profit after tax (TTM) ?
₹223 Cr
EPS (TTM) ?
₹14.86
ROCE ?
13.0%
ROE ?
13.6%
ROA ?
6.6%
Growth
Sales — latest qtr ?
₹457 Cr
PAT — latest qtr ?
₹113 Cr
YoY qtr sales growth ?
17.8%
YoY qtr profit growth ?
276.7%
Sales growth (3y) ?
9%
Sales growth (5y) ?
18%
Profit growth (3y) ?
4%
Profit growth (5y) ?
8%
Financial Health
Debt ?
₹1,421 Cr
Debt to Equity ?
0.87
Interest Coverage ?
2.2
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 (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 342357370371375372403404388406430433457 +17.8% +5.5%
Operating Profit 80817268686069623562686068 +94.3% +13.3%
Other Income 914225126262722382939-592 +142.1% +1940.0%
Interest 9101111101825242423242322 -8.3% -4.3%
Depreciation 88999913131313131312 -7.7% -7.7%
Profit Before Tax 737874997460583937557020126 +240.5% +530.0%
Net Profit 515755805444432930405614113 +276.7% +707.1%
EPS 3.493.913.585.243.542.912.822.262.002.663.690.927.45 +272.5% +709.8%
OPM % 23.4% 22.7% 19.5% 18.3% 18.1% 16.2% 17.1% 15.3% 9.0% 15.3% 15.8% 13.9% 14.9% +65.6% +7.2%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹1,567 Cr ₹1,726 Cr ₹1,726 Cr +10.1%
Operating Profit ₹226 Cr ₹258 Cr ₹258 Cr +13.9%
OPM % 14.45% 14.95% 14.95% +3.5%
NPM % 9.29% 12.93% 12.93% +39.2%
Other Income ₹113 Cr ₹155 Cr ₹155 Cr +37.0%
Depreciation ₹48 Cr ₹51 Cr ₹51 Cr +6.1%
Interest ₹91 Cr ₹92 Cr ₹92 Cr +1.4%
EBIT ₹178 Cr ₹207 Cr ₹207 Cr +16.0%
PBT ₹194 Cr ₹271 Cr ₹271 Cr +39.5%
Tax ₹16 Cr — — —
Net Profit ₹146 Cr ₹223 Cr ₹223 Cr +53.4%
EPS ₹9.99 ₹14.72 ₹14.72 +47.3%
Material Cost — — — —
Employee Cost ₹249 Cr — — —
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 29303030 +0.0%
Reserves 7971,4441,5221,607 +5.6%
Borrowings 5435121,1751,421 +20.9%
Other Liabilities 208222327324 -0.9%
Total Liabilities 1,5762,2083,0543,381 +10.7%
Fixed Assets 199203206292 +41.7%
CWIP 3000 —
Investments 1971971,2751,303 +2.2%
Other Assets 1,1781,8071,5731,786 +13.5%
Total Assets 1,5762,2083,0543,381 +10.7%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 17218910288 -13.7%
Cash from Investing Activity -342-506-613-24 +96.1%
Cash from Financing Activity 102358450-53 -111.8%
Net Cash Flow -6841-6211 +117.7%
Free Cash Flow 371799383 -10.8%
CFO/OP 80%95%87%58% -33.3%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 54576572 +10.8%
Cash Conversion Cycle 54576572 +10.8%
Working Capital Days -52-30-153-49 +68.0%
ROCE % 27%22%14%13% -7.1%

👥 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 Q4 FY26?
Happiest Minds Technologies Limited reported revenue of ₹457 crore for the quarter ended March 2026 (Q4 FY26), up 17.8% from ₹388 crore in the same quarter last year, and up 5.5% sequentially over the December 2025 quarter.
What was Happiest Minds Technologies Limited's net profit in Q4 FY26?
Net profit rose 276.7% year-on-year to ₹113 crore, from ₹30 crore. Earnings per share (EPS) came in at ₹7.45.
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 22.6.
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 2026-03-31. 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