Happiest Minds Technologies financials

·TechnologyChart ›
Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹629cr+14.3% on Q1 FY26
Net profit
₹67.6cr+18.3% on Q1 FY26
EBITDA margin
18.7%+1.6 pts on Q1 FY26
EPS
₹4.49+18.5% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue629550+14.3%
EBITDA11894.0+25.1%
EBITDA margin18.7%17.1%+1.6 pts
Profit before tax90.276.9+17.3%
Net profit67.657.1+18.3%
EPS₹4.49₹3.79+18.5%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹629 crNet profit₹67.6 crNet margin10.8%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
4,561————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
62362347011570.0
1,4131,4131,161442468
5,350————
2,3942,3152,0611,6251,429
—+12.3%+26.8%+13.7%—
427403354336359
17.8%17.4%17.2%20.7%25.1%
339315266278317
223213185248231
9.3%9.2%9.0%15.3%16.2%
₹14.85₹14.15₹12.29₹16.53₹15.37
—+15.1%−25.7%+7.5%—
—261236213207
—−7.2−11.2−10.3−139
25425422520267.8
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

HAPPSTMNDS₹303.55

Happiest Minds Technologies Ltd.

· Technology
₹ CrorePeersPERSISTENTMPHASISDATAMATICSCIGNITITECCAPILLARYMASTEKBBOXAURIONPROMcap ₹4,561 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————4,560.8
- Cash, Equiv & ST Investments70.0114.7469.5623.2623.2
+ Total Debt467.6442.41,160.91,412.71,412.7
Enterprise Value————5,350.3
Revenue1,429.31,624.72,060.82,315.12,393.7
Growth %, YoY—+13.7+26.8+12.3—
EBITDA358.9335.9354.4403.4427.0
Margin %25.1120.6717.2017.4217.84
EBIT317.0277.6265.7315.2338.5
Net Income231.0248.4184.7212.6223.1
Margin %16.1615.298.969.189.32
EPS, Adj (current shares)15.3716.5312.2914.1514.85
Growth %, YoY—+7.5-25.7+15.1—
Cash from Operations207.2212.6236.4261.4—
Capital Expenditures-139.4-10.3-11.2-7.2—
Free Cash Flow67.8202.3225.3254.3254.3
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Happiest Minds Technologies financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Happiest Minds Technologies (NSE: HAPPSTMNDS) had a market capitalisation of ₹4,589 crore at the 29 October 2026 close (₹305.15 a share), a PE ratio of 20.6 on the last four quarters' profit and a price-to-book ratio of 2.72. In FY26 its consolidated net profit was ₹213 crore on revenue of ₹2,315 crore; in Q1 FY27 (April–June 2026) it was ₹67.6 crore, up 18.3% year on year. Its debt-to-equity ratio was 0.84 on 31 March 2026. Promoters held 44.21% of the shares on 30 September 2026.

Share price used
₹305.15 · 29 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Happiest Minds Technologies at a glance · consolidated

Market cap
₹4,589 Crat ₹305.15 · 29 Oct close
PE ratio (last 4 quarters)
20.621.6 on FY26 profit
Price to book (PB)
2.72book value ₹112.33 a share
ROE (FY26)
13.0%+0.9 pts vs FY25ROCE 14.4%
Debt to equity
0.84net cash ₹3.6 Cr
Promoter holding
44.21%unchanged vs 30 Jun 202630 September 2026
Dividend yield
2.10%₹6.40 a share in 12 months
Net worth
₹1,689 Cr+7.3% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
₹254 Cr+12.9% vs FY25

Questions

What is the Happiest Minds Technologies PE ratio today?

Happiest Minds Technologies' PE ratio is 20.6 at the 29 October 2026 close (₹305.15 a share): a market capitalisation of ₹4,589 crore divided by consolidated net profit of ₹223 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹213 crore) it is 21.6.

What is the Happiest Minds Technologies PB ratio (price to book value)?

Happiest Minds Technologies' price-to-book (PB) ratio is 2.72 at the 29 October 2026 close: a market capitalisation of ₹4,589 crore divided by shareholders' equity (book value) of ₹1,689 crore on 31 March 2026. That is a book value of ₹112.33 per share against a share price of ₹305.15.

What is the Happiest Minds Technologies net worth?

Happiest Minds Technologies' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,689 crore on 31 March 2026, up 7.3% from ₹1,575 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹4,589 crore at the 29 October 2026 close.

What is the Happiest Minds Technologies market cap?

Happiest Minds Technologies' market capitalisation was ₹4,589 crore at the 29 October 2026 close: 15.04 crore shares at ₹305.15 each.

Is Happiest Minds Technologies debt free?

No. Happiest Minds Technologies had borrowings of ₹1,413 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.84. Its cash and current investments were ₹1,416 crore, so it held net cash of ₹3.6 crore.

What is the Happiest Minds Technologies EPS?

Happiest Minds Technologies' basic earnings per share (EPS) were ₹14.12 in FY26, against ₹12.26 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹14.82.

What is the Happiest Minds Technologies debt to equity ratio?

Happiest Minds Technologies' debt-to-equity ratio was 0.84 on 31 March 2026: borrowings of ₹1,413 crore against total equity of ₹1,689 crore. A year earlier, on 31 March 2025, it was 0.74.

What is the Happiest Minds Technologies book value per share?

Happiest Minds Technologies' book value per share was ₹112.33 on 31 March 2026: shareholders' equity of ₹1,689 crore divided by the 15.04 crore shares in issue, up 7.0% from ₹104.94 a year earlier. The share price at the 29 October 2026 close was ₹305.15.

What is the Happiest Minds Technologies promoter holding?

Promoters held 44.21% of Happiest Minds Technologies on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the Happiest Minds Technologies ROE and ROCE?

In FY26, Happiest Minds Technologies' return on equity (ROE) was 13.0% and its return on capital employed (ROCE) was 14.4%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 12.1% and ROCE 13.9%.

What is the Happiest Minds Technologies dividend yield?

Happiest Minds Technologies' dividend yield is 2.10% at the 29 October 2026 close: dividends of ₹6.40 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹305.15. They were ₹3.65 on 17 July 2026 and ₹2.75 on 4 November 2025 (interim).

What is the Happiest Minds Technologies shareholding pattern?

On 30 September 2026, Happiest Minds Technologies' shares were held by promoters 44.21%, foreign portfolio investors (FII/FPI) 6.51%, domestic institutions (DII) 3.22% (including mutual funds at 1.56%) and retail and other non-institutional investors 44.84%. Over the year, FII holding was up 1.12 percentage points from 5.39% and DII holding was down 6.98 percentage points from 10.20%.

What is the Happiest Minds Technologies dividend in 2026 and its record date?

In 2026, Happiest Minds Technologies has declared one dividend: ₹3.65 with record date 17 July 2026.

What is the Happiest Minds Technologies free cash flow?

In FY26, Happiest Minds Technologies generated ₹261 crore of cash from operations and spent ₹7.2 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹254 crore. In FY25 it was ₹225 crore.

When are the Happiest Minds Technologies next results?

Happiest Minds Technologies will announce its Q2 FY27 results (July–September 2026) on Monday, 2 November 2026, the date of the board meeting it has notified to the exchanges.

What are the Happiest Minds Technologies latest quarterly results?

Happiest Minds Technologies' latest results are for Q1 FY27 (April–June 2026), filed on 27 July 2026: consolidated net profit ₹67.6 crore, up 18.3% from ₹57.1 crore in Q1 FY26; revenue from operations ₹629 crore, up 14.3% year on year.

What is the Happiest Minds Technologies revenue and profit in FY26?

In FY26 (April 2025–March 2026), Happiest Minds Technologies' consolidated net profit was ₹213 crore, up 15.1% from ₹185 crore in FY25, on revenue from operations of ₹2,315 crore (up 12.3%). Over three years, from FY23, net profit was down 8.0%.

How does the Happiest Minds Technologies PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit, Happiest Minds Technologies' PE ratio is 21.6, the lowest of the four: Persistent Systems 49.7, MphasiS 26.2 and Datamatics Global Services 22.0, a peer average of 32.7. Each is the company's market capitalisation at that price divided by its FY26 net profit.

How does Happiest Minds Technologies compare with its peers?

On FY26 consolidated figures, against Persistent Systems, MphasiS and Datamatics Global Services: Happiest Minds Technologies' operating margin of 13.6% is the lowest of the four (Persistent Systems 16.2%, MphasiS 15.3%, Datamatics Global Services 14.5%; peer average 15.3%); its return on equity of 13.0% is the lowest of the four (Persistent Systems 26.4%, MphasiS 18.3%, Datamatics Global Services 13.4%; peer average 19.3%); its revenue growth over three years of 17.4% a year is the second highest of the four (Persistent Systems 20.9% a year, MphasiS 4.8% a year, Datamatics Global Services 10.8% a year; peer average 12.2% a year).

Happiest Minds Technologies vs Persistent Systems: how do they compare?

In FY26, Happiest Minds Technologies earned net profit of ₹213 crore on revenue of ₹2,315 crore, against ₹1,865 crore on ₹14,748 crore for Persistent Systems. Happiest Minds Technologies' operating margin was 13.6% (Persistent Systems 16.2%) and its return on equity 13.0% (Persistent Systems 26.4%). At the 29 October 2026 close, Happiest Minds Technologies' market capitalisation was ₹4,589 crore against ₹92,757 crore for Persistent Systems, and its PE ratio on FY26 profit 21.6 against 49.7.

Where do these Happiest Minds Technologies figures come from?

From Happiest Minds Technologies' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.