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Happiest Minds Technologies Limited

Happiest Minds Technologies Limited

NSE: HAPPSTMNDS
Information Technology ServicesTechnologySMALL CAPMCap ₹5.05k Cr
₹335.90₹2.75 (+0.83%)

Market Closed • NSE

Market cap₹5.05k Cr
Enterprise value₹4.80k Cr
P/E TTM22.70
Forward P/E15.54
P/B2.85
EPS TTM₹14.80
Forward EPS₹21.61
ROCE13.30%
ROE0.13%
D/E0.99
Dividend yield0.02%
Face value₹2.00
52W high₹531.00
52W low₹299.00
Price chart(1Y)
1Y Return:-4.01% (₹14.05)
H: ₹457.3L: ₹299
1W+8.42%
1M+2.44%
3M-10.74%
6M-10.20%
1Y-32.13%
Today at a glance

Day range

₹323.55₹338.90

52 week range

₹299.00₹531.00
Volume1.03M1.45x 20D avg
Free float50.00%+45.00% volume

Happiest Minds Technologies Limited closed at INR335.90 (+0.83%) on volume 1.45x its 20-day average, trading 36.74% below its 52-week high.

Technical analysis
RSI (14)57.5Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹11.56High
SMA 20₹313.28BULLISH
SMA 50₹355.76BEARISH
SMA 100₹360.61BEARISH
SMA 200₹374.83BEARISH
CPR bottom₹337.80
Pivot₹336.25
CPR top₹334.70
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +11.5% QoQ

2026-07-17

DIVIDEND Announced

Dividend - Rs 3.65 Per Share

2025-11-04

DIVIDEND Announced

Interim Dividend - Rs 2.75 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹1.49k Cr₹5.05k Cr29.60%≤ 33%PASS
Non-halal income ratio–₹2.31k Cr0.00%≤ 5%PASS
Illiquid assets ratio–₹3.59k Cr—≥ 20%PASS
Receivables ratio–₹3.59k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E22.7023.00
Forward P/E15.54—
P/B2.853.80
EV/EBITDA11.9018.00
PEG—2.20
Earnings yield4.404.30
Growth & profitability
RevenuePAT
FY25PAT margin 9.00%
FY26PAT margin 9.20%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+3.90%
Revenue CAGR 5Y+2.40%
PAT CAGR 3Y+4.80%
PAT CAGR 5Y+2.90%
Operating margin15.11%
Net margin9.32%
Financial health & cash flow
Net debt₹1.49k CrModerate
Interest coverage4.20xEBIT / interest
CFO / PAT1.23x3Y average
Net debt / EBITDA3.71xLeverage
Operating cash flow₹261.0 Cr
Capital expenditure–
Free cash flow₹261.0 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall68/100
Valuation60/100
Profitability65/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 1.23x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Information Technology Services.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2024

Ownership distribution

Dec 2024Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024
14.93%Institutional holding
39.53%Public holding
2Periods available
0.00%Promoter pledged
6.42LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
17 Jul 2026Dividend₹3.65 / share—17 Jul 2026
04 Nov 2025Dividend₹2.75 / share—04 Nov 2025
18 Jul 2025Dividend₹3.50 / share—18 Jul 2025
27 Nov 2024Dividend₹2.50 / share—27 Nov 2024
14 Jun 2024Dividend₹3.25 / share—14 Jun 2024
30 Oct 2023Dividend₹2.50 / share—30 Oct 2023
—Dividend₹3.40 / share—07 Jul 2023
03 Nov 2022Dividend₹2.00 / share—02 Nov 2022
—Dividend₹2.00 / share—23 Jun 2022
10 Nov 2021Dividend₹1.75 / share—09 Nov 2021
—Dividend₹3.00 / share—29 Jun 2021
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)39.69%+1.27% latest vs average
Highest delivery51.52%on 06 Oct
Average volume (20D)711.4KTrading-session average
Conviction trendStrengthening+1.27% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹8.92L17.282.04%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.70L15.824.50%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.73L20.423.53%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.82L14.494.60%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.59L28.773.09%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.30L24.901.77%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.17L63.960.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.08L169.180.00%₹2,264.00₹184.00+18.41%+134.07%
About Happiest Minds Technologies Limited
Happiest Minds Technologies Limited

Incorporated in 2011, Happiest Minds Technologies Ltd is a next generation IT solutions & services Company[1]

IndiaTechnology

Questions investors ask
Is Happiest Minds Technologies Limited Shariah compliant?

Happiest Minds Technologies Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (29.6%) complies with AAOIFI threshold (≤ 33%).

What is Happiest Minds Technologies Limited's current valuation relative to peers?

Happiest Minds Technologies Limited trades at a P/E of 22.7x compared to the sector median of 23x, and a Price-to-Book of 2.8x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.99x and a Net Debt to EBITDA ratio of 3.71x. Interest coverage is 4.2x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 2.4% while net profit growth averaged 2.9%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.