Happiest Minds Technologies balance sheet

As of Mar 2026

Total assets: ₹3,625cr+7.9% on Mar 2025
Shareholders' equity: ₹1,689cr+7.3% on Mar 2025
Total debt: ₹1,413cr+21.7% on Mar 2025
Cash and investments: ₹623cr+32.7% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets					FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	135	211	138	191
	0.0	0.0	0.1	1.9
	777	762	140	139
	199	238	135	102
	1.7	0.2	0.2	0.8
	0.0	0.0	0.0	13.0
	336	73.6	24.8	93.9
	336	73.6	24.8	107
	44.1	36.1	16.4	12.5
	56.8	37.1	15.6	14.3
	1,550	1,358	470	568
	504	350	0.0	0.0
	390	358	254	213
	120	119	115	70.0
	793	939	1,222	622
	0.3	0.1	0.4	0.6
	167	177	139	122
	1,974	1,944	1,730	1,028
	102	56.8	47.9	45.0
	2,076	2,001	1,778	1,073
	3,625	3,359	2,248	1,641
Equity
	30.1	30.0	29.9	28.7
	1,659	1,545	1,450	810
	1,689	1,575	1,480	839
	1,689	1,575	1,480	839
Liabilities
	343	335	104	113
	62.4	133	49.7	67.6
	405	469	154	180
	89.1	59.4	33.4	24.7
	39.4	48.4	13.0	20.6
	534	577	201	226
	1,070	826	338	355
	96.5	105	79.2	70.5
	120	200	100	92.9
	1,286	1,130	518	518
	38.1	35.2	21.4	17.8
	0.0	0.0	0.1	0.0
	77.8	42.6	28.0	40.5
	1,402	1,208	567	576
	1,936	1,784	768	802
	3,625	3,359	2,248	1,641
Trade payables — MSME split
	5.5	2.3	—	—
	91.0	103	—	—

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

alphave

HAPPSTMNDS₹305.15

Happiest Minds Technologies Ltd.

· Technology

₹ CrorePeersPERSISTENT MPHASIS DATAMATICS CIGNITITEC CAPILLARY MASTEK BBOX AURIONPROMcap ₹4,585 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	190.6	137.8	210.5	134.8	134.8
+ Capital Work-in-Progress	1.9	0.1	0.0	0.0	0.0
+ Goodwill	139.1	140.3	762.3	777.3	777.3
+ Other Intangibles	101.8	134.8	238.3	199.4	199.4
+ Intangibles under Development	0.8	0.2	0.2	1.7	1.7
+ Non-current Investments	13.0	0.0	0.0	0.0	0.0
+ Other Non-current Financial Assets	93.9	24.8	73.6	335.6	335.6
Non-current Financial Assets	106.9	24.8	73.6	335.6	335.6
+ Deferred Tax Assets	12.5	16.4	36.1	44.1	44.1
+ Other Non-current Assets	14.3	15.6	37.1	56.8	56.8
Total Non-current Assets	567.9	470.0	1,358.1	1,549.6	1,549.6
Current Assets
+ Current Investments	0.0	0.0	350.4	503.5	503.5
+ Trade Receivables	213.2	254.4	358.1	390.3	390.3
+ Cash & Cash Equivalents	70.0	114.7	119.1	119.7	119.7
+ Other Bank Balances	621.8	1,221.8	939.1	793.1	793.1
+ Short-term Loans	0.6	0.4	0.1	0.3	0.3
+ Other Current Financial Assets	122.4	138.5	177.3	166.8	166.8
Current Financial Assets	1,028.0	1,729.8	1,944.1	1,973.7	1,973.7
+ Other Current Assets	45.0	47.9	56.8	101.9	101.9
Total Current Assets	1,073.0	1,777.8	2,001.0	2,075.6	2,075.6
Total Assets	1,640.8	2,247.8	3,359.1	3,625.1	3,625.1
Equity
+ Equity Share Capital	28.7	29.9	30.0	30.1	30.1
+ Other Equity / Reserves	810.2	1,450.4	1,544.6	1,659.4	1,659.4
Equity — Owners of Parent	838.8	1,480.2	1,574.6	1,689.5	1,689.5
Total Equity	838.8	1,480.2	1,574.6	1,689.5	1,689.5
Liabilities
+ Borrowings — Non-current	112.8	104.5	335.4	342.9	342.9
+ Other Non-current Financial Liab	67.6	49.7	133.4	62.4	62.4
Non-current Financial Liabilities	180.4	154.2	468.8	405.3	405.3
+ Provisions — Non-current	24.7	33.4	59.4	89.1	89.1
+ Deferred Tax Liabilities	20.6	13.0	48.4	39.4	39.4
Non-current Liabilities	225.6	200.6	576.6	533.8	533.8
+ Borrowings — Current	354.8	337.9	825.5	1,069.7	1,069.7
+ Trade Payables	70.5	79.2	104.8	96.5	96.5
+ Other Current Financial Liab	92.9	100.5	199.8	119.7	119.7
Current Financial Liabilities	518.2	517.5	1,130.1	1,285.9	1,285.9
+ Provisions — Current	17.8	21.4	35.2	38.1	38.1
+ Current Tax Liabilities	0.0	0.1	0.0	0.0	0.0
+ Other Current Liabilities	40.5	28.0	42.6	77.8	77.8
Current Liabilities	576.4	567.0	1,207.9	1,401.8	1,401.8
Total Liabilities	802.0	767.6	1,784.5	1,935.6	1,935.6
Total Equity & Liabilities	1,640.8	2,247.8	3,359.1	3,625.1	3,625.1
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	2.3	5.5	5.5
+ Dues to Other Creditors — Current	—	—	102.6	91.0	91.0

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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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%.