Happiest Minds Technologies Ltd.

NSE: HAPPSTMNDS · Computers - Software & Consulting

52W Range₹330 ₹646

Snapshot

Unlock Happiest Minds Technologies Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Happiest Minds Technologies is an IT services company that provides digital transformation solutions through its Infrastructure Management & Security Services, Digital Business Solutions, and Product Engineering Services segments. The company leverages advanced technologies including AI, IoT, and cloud computing to assist global clients with software product development and enterprise application management.

Business Model

The company generates revenue by providing end-to-end IT consulting, managed services, and custom software development on a project or contract basis. It focuses on high-growth digital segments, offering advisory, implementation, and ongoing support services to global enterprises.

  • Incorporation Year:2011

Growth Outlook

Growth is driven by the increasing demand for digital transformation, cloud migration, and the integration of artificial intelligence and machine learning into business processes. The company continues to expand its footprint in international markets including the US, UK, and Middle East.

Key Risks

  • Client Concentration. Reliance on a limited number of large clients for a significant portion of revenue poses a risk to financial stability if key contracts are lost.
  • Talent Attrition. The highly competitive IT services market in India makes retaining skilled technical talent essential for maintaining service quality and margins.
  • Currency Volatility. As a company with significant international operations, fluctuations in foreign exchange rates can impact reported earnings and profit margins.
  • Technological Obsolescence. Failure to continuously innovate and adapt to rapidly evolving technologies like AI and IoT could lead to a loss of competitive advantage.

Price

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Key Metrics

REVENUE

₹2,315 Cr

TTM · consolidated

+12.3%YoY

NET PROFIT

₹213 Cr

TTM · consolidated

+15.1%YoY

EPS

₹14.12

TTM · consolidated

+15.1%YoY

RETURN ON EQUITY

13.3%

TTM · consolidated

+1.0 ppYoY

RETURN ON CAPITAL EMPLOYED

17.6%

TTM · consolidated

-2.1 ppYoY

P/E

27.0x

Q4 FY26 · consolidated

27.0 vs 27.7x5Y avg

EV/EBITDA

14.4x

Q4 FY26 · consolidated

14.4 vs 17.7x5Y avg

EBITDA MARGIN

21.1%

TTM · consolidated

-1.0 ppYoY

NET PROFIT MARGIN

10.1%

Q4 FY26 · consolidated

+3.9 ppYoY

DEBT TO EQUITY

0.8x

Q4 FY26 · consolidated

+0.05xYoY

Peers · Computers - Software & Consulting

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Happiest Minds Technologies Ltd.HAPPSTMNDS
6,02327.0114.3812.3%21.1%13.3%17.6%-39.5%
Sonata Software Ltd.SONATSOFTW
6,51818.4110.325.4%7.9%26.5%30.8%-29.3%
Newgen Software Technologies Ltd.NEWGEN
6,21025.3415.965.9%30.0%19.0%23.3%-50.3%
RateGain Travel Technologies LimitedRATEGAIN
5,67659.0030.7269.4%21.9%11.0%14.1%+107.3%
Latent View Analytics Ltd.LATENTVIEW
5,46031.8419.7425.0%29.4%12.9%15.9%-29.1%
Mastek LimitedMASTEK
4,44913.558.007.0%17.6%15.6%18.3%-30.9%

As of Q4 FY26

Financials