What is Happiest Minds Technologies Ltd (HAPPSTMNDS) share price return in the past 10 years?

Data is not available for this company

What is the share price of Happiest Minds Technologies Ltd (HAPPSTMNDS)?

Company share prices are keep on changing according to the market conditions. The current trading price of Happiest Minds Technologies Ltd (HAPPSTMNDS) on 05-Jun-2026 16:59:59 at 16:59 is 365.40.

What is the P/E ratio of Happiest Minds Technologies?

The latest standalone P/E ratio of Happiest Minds Technologies as of 05-Jun-2026 is 24.81.

What is the P/B ratio of Happiest Minds Technologies Ltd (HAPPSTMNDS)?

The latest standalone P/B ratio of Happiest Minds Technologies Ltd (HAPPSTMNDS) as of 05-Jun-2026 is 3.40.

What is the 52-week high and low of Happiest Minds Technologies Ltd (HAPPSTMNDS)?

The 52-week high of Happiest Minds Technologies Ltd (HAPPSTMNDS) is Rs. 674.00 and the 52-week low is Rs. 305.30.

Happiest Minds Technologies Ltd (HAPPSTMNDS) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Happiest Minds Technologies Ltd (HAPPSTMNDS)
Brand: Happiest Minds Technologies

Key Metrics

Valuation Multiples

Market Cap

₹5,560 Cr.

Current Price

₹365.4

52-Week Low / High

₹305 / 674

TTM EPS

₹14

TTM Sales

₹2,315 Cr.

Book Value per Share

₹111

P/E Ratio

26.15

Lower than its 5-year historical median

Industry PE

22.2

Price to Book (P/B)

3.29

Lower than its 5-year historical median

Price to Sales (P/S)

2.40

Lower than its 5-year historical median

EV/EBITDA

12.41

Lower than its 5-year historical median

Dividend Yield

1.01%

Profitability Efficiency

Return on Equity (ROE)

12.10%

Outperforms industry median

Return on Capital Employed (ROCE)

15.24%

Outperforms industry median

Return on Assets (ROA)

6.65%

Operating Profit Margin

17.2%

Net Profit Margin

8.96%

Gross Profit Margin

17.3%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Improving versus 3-year growth rate

26.85%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

4.52%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

-25.66%

Asset Quality

Promoter Holding

44.21%

Pledged shares (%) of Promoter's holding (%)

1.76%

Reserves

₹1,659 Cr.

Equity

₹30.5 Cr.

Face Value

₹2

All Time Low / High

₹285.55 / 1580.80

Happiest Minds Technologies stock performance

Key Ratios

Check Before You Invest

Quality

Very Good

Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Semi Strong

Check Price chart

Q.1 Is Happiest Minds Technologies Ltd a good quality company?

Happiest Minds Technologies Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Happiest Minds Technologies Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Happiest Minds Technologies Ltd vs industry peers?

Happiest Minds Technologies Ltd revenue CAGR is 24.17%, compared to the industry median CAGR of 2.48%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Happiest Minds Technologies Ltd?

Promoters hold 44.21% of the Happiest Minds Technologies Ltd, with 1.76% of their stake pledged, indicating low pledge risk.

Q.1 Stock return of Happiest Minds Technologies Ltd over the last decade?

Over the last 5 year(s), the stock has delivered a CAGR of -13.39% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	0%	0%	-4.9%	8.8%	25.1%	35.4%	32.3%	30.7%	23.4%	15.2%	-
Value Creation Index ⓘ	NA	NA	-1.4	-0.4	0.9	1.6	1.4	1.3	0.7	0.1	-
Growth Parameters ⓘ
Sales ⓘ	0	0	468	596	698	773	1,094	1,429	1,625	2,061	2,315
Sales YoY Gr.	-	NA	NA	27.4%	17.2%	10.8%	41.4%	30.7%	13.7%	26.9%	-
Adj EPS ⓘ	0	0	-6.4	9.9	17.3	11.3	12.5	17.1	15.8	12.5	14
YoY Gr.	-	NA	NA	NA	74.9%	-34.9%	11.1%	36.9%	-8.1%	-21%	-
BVPS (₹) ⓘ	0	0	38.7	44.5	51.1	38.2	46.4	58.4	99	104.9	111
Adj Net Profit ⓘ	0	0	-23.8	36.7	76	160	178	245	235	187	213
Cash Flow from Ops. ⓘ	0	0	2.9	36.4	112	143	168	207	213	236	-
Debt/CF from Ops. ⓘ	0	0	33	2.2	0.9	1.3	1.1	2.3	2.1	4.9	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	24.2%	23.5%	26.9%
Adj EPS ⓘ	NA	-6.4%	-0.2%	-21%
BVPSⓘ	NA	15.5%	31.2%	6%
Share Price	-	-16.5%	-26.3%	-38%

Key Financial Parameters ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-12.9	18.7	32.2	39.4	29.5	32.6	20.3	12.2	12.9
Op. Profit Mgn % ⓘ	-5	8.9	13.9	24.7	23.6	25.1	20.7	17.2	17.4
Net Profit Mgn % ⓘ	-5.1	6.2	10.9	20.7	16.3	17.2	14.5	9.1	9.2
Debt to Equity ⓘ	0.5	0.4	0.4	0.3	0.3	0.6	0.3	0.7	0.2
Working Cap Days ⓘ	0	117	113	105	95	103	109	105	156
Cash Conv. Cycle ⓘ	0	47	41	26	20	21	28	32	56

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	468	596	698	773	1,094	1,429	1,625	2,061
Operating Expenses > ⓘ +	491	551	601	582	836	1,085	1,289	1,710
Manufacturing Costs	11	11	13	10	17	24	27	25
Material Costs	0	0	0	0	0	0	0	0
Employee Cost	353	376	441	452	620	807	1,015	1,365
Other Costs > ⓘ	127	164	147	120	199	254	248	319
Operating Profit > ⓘ	-24	44	97	191	258	345	336	351
Operating Profit Margin (%)	-5.0%	7.4%	13.9%	24.7%	23.6%	24.1%	20.7%	17.0%
Other Income > ⓘ +	17	4	16	24	37	35	85	105
Exceptional Items > ⓘ	0	-17	-11	0	-6	-6	14	-12
Interest > ⓘ	6	7	8	6	10	22	42	99
Depreciation > ⓘ	7	6	20	23	33	42	58	89
Profit Before Tax > ⓘ	-20	18	74	186	246	310	335	255
Tax > ⓘ	0	0	2	24	65	79	86	71
Profit After Tax	-20	18	72	162	181	231	248	185
PAT Margin (%)	-4.2%	3.1%	10.3%	21.0%	16.6%	16.2%	15.3%	9.0%
Adjusted EPS (₹)	-5.3	4.9	16.3	11.5	12.7	16.1	16.6	12.3
Dividend Payout Ratio (%)	0%	0%	0%	26.20%	29.50%	33.50%	34.60%	48.80%

Valuation of Happiest Minds Tech. - Consolidated

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	185	206	261	542	662	836	1,479	1,574
Share Capital ⓘ	49	49	45	28	29	29	30	30
Reserves ⓘ	136	158	216	514	633	808	1,449	1,544
Debt +	87	72	70	146	170	442	434	1,151
Long Term Debt	18	12	1	37	17	113	104	335
Short Term Debt	69	60	69	110	153	329	330	816
Minority Interest	0	0	0	0	0	0	0	0
Trade Payables	25	29	34	45	61	71	79	105
Others Liabilities ⓘ	58	80	142	178	225	280	240	493
Total Liabilities ⓘ	355	386	508	912	1,118	1,628	2,231	3,323
Fixed Assets
Net Fixed Assets ⓘ +	54	34	38	128	158	432	413	1,211
Gross Block	80	83	73	158	197	514	500	1,386
Accumulated Depreciation	26	49	35	29	40	82	87	175
CWIP ⓘ	0	0	0	0	0	3	0	0
Investments ⓘ	137	90	83	391	472	13	0	350
Inventories	0	0	0	0	0	0	0	0
Trade Receivables	102	133	115	122	167	213	254	358
Cash Equivalents ⓘ	16	26	190	145	168	692	1,337	1,058
Others Assets ⓘ	45	103	82	125	153	276	227	345
Total Assets ⓘ	355	386	508	912	1,118	1,628	2,231	3,323

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	3	36	112	143	168	207	213	236
PBT ⓘ	-20	18	74	186	246	310	335	255
Adjustment ⓘ	8	39	38	22	31	49	11	113
Changes in Working Capital ⓘ	14	-18	7	-29	-55	-63	-31	-32
Tax Paid ⓘ	0	-3	-6	-36	-53	-89	-102	-100
Cash Flow From Investing Activity ⓘ +	-27	-3	-74	-284	-96	-351	-466	-762
Capex	-2	-1	-1	-1	-4	-139	-10	-11
Net Investments	28	-1	-77	-230	-93	-106	-528	-107
Others ⓘ	-53	-1	5	-52	1	-105	72	-645
Cash Flow From Financing Activity ⓘ +	33	-25	-13	170	-91	72	363	499
Net Proceeds from Shares ⓘ	2	0	0	106	2	1	487	2
Net Proceeds from Borrowing ⓘ	15	-6	-8	47	-21	98	-26	232
Interest Paid ⓘ	-5	-6	-3	-3	-3	-15	-33	-84
Dividend Paid ⓘ	0	0	0	0	-68	-57	-86	-86
Others ⓘ	21	-13	-3	19	-0	45	21	435
Net Cash Flow ⓘ	8	8	25	29	-19	-72	110	-26

Financial Ratio

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-13.74	11.82	36.81	42.37	30.09	30.84	21.46	12.1
ROCE (%)	-4.85	8.82	25.11	35.37	32.32	30.67	23.35	15.24
Asset Turnover Ratio	1.32	1.61	1.56	1.09	1.08	1.04	0.84	0.74
PAT to CFO Conversion(x)	N/A	2	1.56	0.88	0.93	0.9	0.86	1.28
Working Capital Days
Receivable Days	79.20	72	64.90	55.90	48.30	48.60	52.50	54.30
Inventory Days	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

7.17

8.14

1.76

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Happiest Minds Technologies Ltd FAQs

The current trading price of Happiest Minds Tech. on 05-Jun-2026 16:59 is ₹365.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Happiest Minds Tech. stood at ₹5,559.6 Cr

The latest P/E ratio of Happiest Minds Tech. as of 04-Jun-2026 is 24.81.

The latest P/B ratio of Happiest Minds Tech. as of 04-Jun-2026 is 3.40.

The 52-week high of Happiest Minds Tech. is ₹674.0 and the 52-week low is ₹305.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Happiest Minds Tech. is ₹1,726 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Happiest Minds Technologies Ltd is a good quality company.

The key valuation ratios of Happiest Minds Technologies Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Happiest Minds Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Happiest Minds Technologies Ltd

The company was incorporated as ‘Happiestminds Technologies Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 30, 2011 issued by the Registrar of Companies, Karnataka at Bangalore (RoC) and commenced its business on March 30, 2011. The name of the company was subsequently changed to ‘Happiest Minds Technologies Private Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, Karnataka at Bangalore on July 21, 2011. Thereafter, the company was converted into a public limited company pursuant to a special resolution passed in the extraordinary general meeting of the Shareholders of the company held on May 13, 2020 and the name of the company was changed to its present name ‘Happiest Minds Technologies Limited’, and a fresh certificate of incorporation was issued by the RoC on May 20, 2020.

Business area of the Company

Positioned as ‘Born Digital. Born Agile’, Happiest Minds Technologies focus on delivering a seamless digital experience to customers. Its offerings include, among others, digital business, product engineering, infrastructure management and security services. Its capabilities provide end-to-end solution in the digital space. It has developed a customer-centric focus that aims to fulfil their immediate business requirements and to provide them strategically viable, futuristic and transformative digital solutions. The company helps its customers in finding new ways to interact with their users and clients enabling them to become more engaging, responsive and efficient. It also offers solutions across the spectrum of various digital technologies such as Robotic Process Automation (RPA), Software-Defined Networking/Network Function Virtualization (SDN/NFV), Big Data and advanced analytics, Internet of Things (IoT), cloud, Business Process Management (BPM) and security.

Key awards, recognitions and accreditations

2020: Certified as a great place to work by Great Place to Work Institute India.
2020: Recognized among the 20 most innovative Practices for women leadership development by JobsForHer.
2019: Ranked 42 in India’s best company to work for 2019 by Great Place to Work Institute India.
2019: Recognized as India’s top 25 Best Workplaces in IT & IT-BPM by Great Place to Work Institute India.
2019: Recognized as India’s top 25 Best Workplaces for Women by Great Place to Work Institute India.
2017: Received Digital Transformation Services Provider of the Year - SMB Segment award from Frost & Sullivan.
2016: Ranked 97 in India’s best companies to work for in 2016 by Great Place to Work Institute India.
2016: Received Certificate of recognition for human resources best practices 2016 - Employer branding form Nasscom Randstad.
2015: Received Cloud Solutions Award 2015 at the Express I.T. Awards from the Financial Express.
2015: Recognized in the Top 5 Best Companies to Work in India among Emerging Organisations in IT- BPM by Great Place to Work Institute of India.
2014: Ranked as the Second Leading Technology Company in Deloitte Technology Fast 50 India 2014 programme by Deloitte Touche Tohmatsu India LLP.
2014: Ranked 13 in Deloitte Technology Fast 500 Asia Pacific Ranking 2014 by Deloitte Touche Tohamatsu India.

Major Events and milestones

2019: The company provided digital offerings such as artificial intelligence, remote process automation and blockchain.
2019: Brand expansion as ‘Born Digital. Born Agile’.
2017: Acquisition of 100% of the membership interests in company’s Erstwhile Subsidiary.
2017: Set up a center of excellence in IoT and Analytics.
2017: Acquired the business of Cupola through a business transfer agreement.
2016: Established presence in Dubai.
2015: Investment by CMDB II.
2015: Brand extension as ‘The Mindful IT Company’.
2013: Established presence in Australia.
2011: The company was incorporated as a private limited company.
2011: Investment by our Promoter, Ashok Soota.
2011: Established presence in U.S., UK and India.

Happiest Minds Technologies Ltd (HAPPSTMNDS)

Happiest Minds Technologies Ltd (HAPPSTMNDS)

Happiest Minds Technologies stock performance