Happiest Minds Technologies enterprise value

Share price at each year-end
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
4,585————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
62362347011570.0
1,4131,4131,161442468
5,374————
789789691328398
₹357.69————
3,1023,1022,7351,9231,306
45.5%45.5%42.4%23.0%35.8%
0.26×————
2.25×————
12.59×————
15.88×————
21.14×————
Reference items — trailing FY values
2,3942,3152,0611,6251,429
427403354336359
339315266278317
—261236213207
25425422520267.8
—23319819463.9
—7.211.210.3139
Open the chart

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

HAPPSTMNDS₹305.15

Happiest Minds Technologies Ltd.

· Technology
₹ CrorePeersPERSISTENTMPHASISDATAMATICSCIGNITITECCAPILLARYMASTEKBBOXAURIONPROMcap ₹4,585 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————4,584.9
- Cash, Equiv & ST Investments70.0114.7469.5623.2623.2
+ Total Debt467.6442.41,160.91,412.71,412.7
Enterprise Value————5,374.4
Net Debt (memo)397.6327.7691.4789.5789.5
EV per Share————357.69
Total Capital1,306.41,922.62,735.53,102.23,102.2
Total Debt/Total Capital35.7923.0142.4445.5445.54
Total Debt/EV————0.26
EV/Sales————2.25
EV/EBITDA————12.59
EV/EBIT————15.88
EV/Free Cash Flow————21.14
Reference Items — Trailing FY Values
Sales1,429.31,624.72,060.82,315.12,393.7
EBITDA358.9335.9354.4403.4427.0
EBIT317.0277.6265.7315.2338.5
Operating Cash Flow207.2212.6236.4261.4—
Free Cash Flow67.8202.3225.3254.3254.3
FCFF (free cash flow to the firm)63.9193.7197.7233.0—
Capital Expenditure139.410.311.27.2—
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%.