Happiest Minds Technologies Limited
Information Technology›Information Technology›IT - Software›Computers - Software & Consulting
Key metrics
Price as of 2026-07-17
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 391 Cr | 797 Cr | 1,207 Cr | 1,625 Cr | 464 Cr | 985 Cr | 531 Cr | 545 Cr | 550 Cr | 574 Cr | 588 Cr | 604 Cr |
| Operating expenses (approx.) | 288 Cr | 590 Cr | 893 Cr | 1,189 Cr | 354 Cr | 756 Cr | 414 Cr | 447 Cr | 426 Cr | 453 Cr | 487 Cr | 479 Cr |
| EBITDA | 103 Cr | 208 Cr | 314 Cr | 435 Cr | 110 Cr | 229 Cr | 117 Cr | 98 Cr | 124 Cr | 120 Cr | 101 Cr | 125 Cr |
| OPM % | 26.3% | 26.1% | 26.0% | 26.8% | 23.8% | 23.2% | 22.0% | 17.9% | 22.6% | 21.0% | 17.2% | 20.6% |
| Other income | 14 Cr | 36 Cr | 60 Cr | 85 Cr | 25 Cr | 52 Cr | 23 Cr | 26 Cr | 30 Cr | 22 Cr | 16 Cr | 18 Cr |
| Interest | 10 Cr | 21 Cr | 32 Cr | 42 Cr | 20 Cr | 48 Cr | 27 Cr | 25 Cr | 25 Cr | 25 Cr | 25 Cr | 23 Cr |
| Depreciation | 14 Cr | 29 Cr | 44 Cr | 58 Cr | 22 Cr | 45 Cr | 21 Cr | 23 Cr | 22 Cr | 22 Cr | 22 Cr | 22 Cr |
| Profit before tax | 79 Cr | 158 Cr | 239 Cr | 335 Cr | 68 Cr | 136 Cr | 69 Cr | 50 Cr | 77 Cr | 73 Cr | 54 Cr | 80 Cr |
| Tax % | 25.9% | 26.0% | 26.0% | 25.8% | 25.4% | 26.1% | 27.3% | 32.5% | 25.7% | 25.7% | 25.6% | 24.0% |
| Net profit | 58 Cr | 117 Cr | 176 Cr | 248 Cr | 51 Cr | 101 Cr | 50 Cr | 34 Cr | 57 Cr | 54 Cr | 40 Cr | 61 Cr |
| EPS (₹) | ₹4.04 | ₹7.96 | ₹11.93 | ₹16.73 | ₹3.39 | ₹6.68 | ₹3.33 | ₹2.26 | ₹3.79 | ₹3.59 | ₹2.68 | ₹4.06 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 773 Cr | 1,094 Cr | 1,429 Cr | 1,625 Cr | 2,061 Cr | 2,315 Cr | Sign in for TTM |
| Operating expenses (approx.) | 558 Cr | 805 Cr | 1,077 Cr | 1,275 Cr | 1,617 Cr | 1,845 Cr | Sign in for TTM |
| EBITDA | 216 Cr | 289 Cr | 353 Cr | 350 Cr | 444 Cr | 470 Cr | Sign in for TTM |
| OPM % | 27.9% | 26.4% | 24.7% | 21.5% | 21.5% | 20.3% | Sign in for TTM |
| Other income | 24 Cr | 37 Cr | 21 Cr | 85 Cr | 101 Cr | 85 Cr | Sign in for TTM |
| Interest | 7 Cr | 10 Cr | 22 Cr | 42 Cr | 99 Cr | 97 Cr | Sign in for TTM |
| Depreciation | 23 Cr | 33 Cr | 42 Cr | 58 Cr | 89 Cr | 88 Cr | Sign in for TTM |
| Profit before tax | 186 Cr | 246 Cr | 310 Cr | 335 Cr | 255 Cr | 284 Cr | Sign in for TTM |
| Tax % | 12.7% | 26.3% | 25.5% | 25.8% | 27.7% | 25.2% | Sign in for TTM |
| Net profit | 162 Cr | 181 Cr | 231 Cr | 248 Cr | 185 Cr | 213 Cr | Sign in for TTM |
| EPS (₹) | ₹11.75 | ₹12.84 | ₹16.13 | ₹16.73 | ₹12.26 | ₹14.12 | Sign in for TTM |
| Dividend payout % | — | 37.7% | 24.7% | 34.6% | 0.0% | 44.2% | Sign in for TTM |
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 28 Cr | 29 Cr | 29 Cr | 30 Cr | 30 Cr | 30 Cr |
| Reserves | 518 Cr | 637 Cr | 810 Cr | 1,450 Cr | 639 Cr | 1,659 Cr |
| Borrowings | — | — | 468 Cr | 442 Cr | 826 Cr | 1,070 Cr |
| Other liabilities | 376 Cr | 459 Cr | 334 Cr | 325 Cr | 959 Cr | 866 Cr |
| Total liabilities | 922 Cr | 1,125 Cr | 1,641 Cr | 2,248 Cr | 3,358 Cr | 3,625 Cr |
| Fixed assets (net) | — | — | 191 Cr | 138 Cr | 211 Cr | 135 Cr |
| CWIP | — | — | 2 Cr | 0.09 Cr | 0.0000 Cr | 0.0000 Cr |
| Investments | — | — | 13 Cr | 0.0000 Cr | 350 Cr | 504 Cr |
| Other assets | — | — | 1,074 Cr | 1,778 Cr | 2,001 Cr | 2,076 Cr |
| Total assets | 922 Cr | 1,125 Cr | 1,641 Cr | 2,248 Cr | 3,358 Cr | 3,625 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operating activity | — | 168 Cr | 207 Cr | 213 Cr | 236 Cr | 261 Cr |
| Cash from investing | — | -96 Cr | -351 Cr | -466 Cr | -762 Cr | -121 Cr |
| Cash from financing | — | -91 Cr | 72 Cr | 363 Cr | 499 Cr | -144 Cr |
| Net cash flow | — | -19 Cr | -72 Cr | 110 Cr | -26 Cr | -4 Cr |
| Free cash flow (OCF − Capex) | — | 167 Cr | 76 Cr | 204 Cr | 229 Cr | 259 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| ROCE % | 35.3% | 38.4% | 23.8% | 15.2% | 14.8% | 13.8% |
| ROE % | 29.8% | 27.2% | 27.5% | 16.8% | 11.7% | 12.6% |
| Debtor days | — | — | 54 | 57 | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 |
| Days payable | — | — | 18 | 18 | — | — |
| Cash conversion cycle | — | — | 36 | 39 | 0 | 0 |
| Debt / equity | — | 0.00 | 0.56 | 0.30 | 0.52 | 0.63 |
| Current ratio | — | — | 1.86 | 3.14 | 1.66 | 1.48 |
| Net debt / EBITDA | 0.00 | 0.00 | 1.13 | 0.94 | 1.59 | 2.02 |
Compare with peers
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