Happiest Minds Technologies
- P/E
- 19.7x
- 52-week range
- 295.1 – 531
- ROE
- 14%
- ROCE
- 13%
- Sector
- IT - Software
- Industry
- Computers - Software & Consulting
- Listed on
- NSE, BSE
About
Happiest Minds Technologies Limited is an India-based digital transformation information technology (IT) consulting and services company. Its segments include Infrastructure Management & Security Services (IMSS), Product Engineering Services (PES), and Digital Business Services (DBS). The IMSS segment delivers integrated infrastructure and security solutions with specialization in cloud, virtualization, and mobility across a multitude of industry verticals and geographies. The DBS segment delivers enterprise applications and customized solutions. This also provides advisory, design and architecture, custom-app development, package implementation, and testing services for IT initiatives. The PES segment assists software product companies in building products and services that integrate mobile, cloud, and social technologies. It offers a range of solutions, including APPrise, Digital Assisted Selling Platform (DASP), Integrated Security as a Service 9 (iSaaS), and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Computers - Software & Consulting: 108 companies →Happiest Minds Technologies against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)19.7 against a typical 22.2: cheaper than most peers (1st = cheapest).50th of 108
- Sales growth+14.4% against a typical +10.6% from a year earlier.38th of 90
- Profit growth+19.3% against a typical +1.1% from a year earlier.25th of 75
- Share price, 3 months−19.8% against a typical −7.6%.74th of 97
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
No up-to-date rating
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | Withdrawn | — | 10 Sep 2026 |
Every agency has withdrawn its rating.
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 10 Sep 2026 | Withdrawn | was CARE AA- (Rating Watch with Positive Implications) | — | CARE | — | |
| 22 Dec 2025 | Withdrawn | was CARE AA- | — | CARE | ₹ 967.98 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 2 Nov 2026Upcoming | Financial Results/Dividend | To consider and approve the financial results for the period ended September 30, 2026 and dividend |
| 27 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 28 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 9 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 28 Oct 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended September 30, 2025 and dividend |
| 29 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 12 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 407 | 410 | 417 | 464 | 522 | 531 | 545 | 550 | 574 | 588 | 604 | 629 |
| Expenses | 324 | 329 | 334 | 379 | 430 | 437 | 461 | 456 | 475 | 480 | 500 | 511 |
| Operating Profit | 83 | 81 | 83 | 85 | 92 | 94 | 84 | 94 | 99 | 107 | 104 | 118 |
| OPM % | 20% | 20% | 20% | 18% | 18% | 18% | 15% | 17% | 17% | 18% | 17% | 19% |
| Other Income | 22 | 25 | 38 | 25 | 27 | 23 | 14 | 30 | 22 | −6 | 21 | 24 |
| Interest | 11 | 11 | 10 | 20 | 28 | 27 | 25 | 25 | 25 | 25 | 23 | 28 |
| Depreciation | 15 | 15 | 15 | 22 | 23 | 21 | 23 | 22 | 22 | 22 | 22 | 23 |
| Profit before tax | 79 | 81 | 96 | 68 | 68 | 69 | 50 | 77 | 73 | 54 | 80 | 90 |
| Tax % | 26% | 26% | 25% | 25% | 27% | 27% | 33% | 26% | 26% | 26% | 24% | 25% |
| Net Profit | 58 | 60 | 72 | 51 | 50 | 50 | 34 | 57 | 54 | 40 | 61 | 68 |
| EPS in Rs | 3.84 | 3.92 | 4.73 | 3.35 | 3.25 | 3.29 | 2.23 | 3.75 | 3.55 | 2.65 | 4.02 | 4.44 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 25%
- 3 Years
- 17%
- TTM
- 12%
- 10 Years
- —
- 5 Years
- 7%
- 3 Years
- −1%
- TTM
- 18%
- 10 Years
- —
- 5 Years
- −22%
- 3 Years
- −23%
- TTM
- —
- 10 Years
- —
- 5 Years
- 19%
- 3 Years
- 15%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Happiest Minds Technologies | ₹ 305.00 | — | 19.7x | — | 14% | — |
| Tata Consultancy Services | ₹ 2,528.00 | ₹ 9,14,653 Cr. | 15.7x | 7.7x | 48% | 18.2% |
| Infosys | ₹ 1,154.50 | ₹ 4,68,523 Cr. | 14.8x | 4.8x | 31.2% | 16.5% |
| HCL Technologies | ₹ 1,424.00 | ₹ 3,86,426 Cr. | 18.8x | 4.4x | — | 13% |
| Tech Mahindra | ₹ 1,789.40 | ₹ 1,75,385 Cr. | 27.9x | 5.2x | — | 8.7% |
| Billionbrains Garage Ventures | ₹ 181.65 | ₹ 1,13,960 Cr. | 61.3x | 13.3x | — | 46.5% |
Management
- Ashok Soota
- Executive Chairman, Chief Mentor
- Joseph Vinod Anantharaju
- Executive Co-Chairman, Chief Executive Officer
- Anand Balakrishnan
- Chief Financial Officer
- Ram Mohan C
- Chief Executive Officer - Infrastructure Management and Security Services (IMSS), Head - IMSS Business Unit
- Sachin Khurana
- Chief People Officer
- Sridhar Mantha
- Chief Executive Officer - Generative AI , Chief Technology Officer
- Sajith S. Kumar
- Chief Information Officer
- Praveen Kumar Darshankar
- Compliance Officer, Company Secretary, Head of Legal
Prices are delayed and for information only. Nothing on this page is investment advice.