Happy Square Outsourcing Services

Quick check

The five things to look at first. Open one for more.

• DebtLow debtIt owes ₹7 Cr against ₹42 Cr of shareholders' money (Mar 2026), 0.17 times.
• ResultsMixedIn the Mar 2026 quarter, sales were ₹66 Cr and profit ₹4 Cr.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 61% of the company, about the same as in Sep 2025.
• ValuationCheap vs its pastThe share trades at 6.2 times its yearly earnings (P/E), cheaper than 99% of the time in the last 1 years. Its usual P/E is about 11.

Happy Square Outsourcing Services 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)6.2 against a typical 20: cheaper than most peers (1st = cheapest).16th of 139
• Share price, 3 months−9% against a typical −8.9%.62nd of 121
• Size₹ 41.3 Cr. market value against a typical ₹ 68.8 Cr. (1st = largest).76th of 128

Exchange filings and their impact on the company.

• 16 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice +1.7% on 19 Oct
  Won Rs 1.51 cr 1-year Hindustan Copper staffing order, adding ~1.4% to annual revenue.

  Happy Square Outsourcing Services received a new work order from Hindustan Copper Limited worth about Rs 1.51 crore inclusive of taxes. The services are to be provided from 17 October 2026 to 16 October 2027, in the ordinary course of business. The order will add about 1.4% to annual revenue and modestly strengthen the order book.

  Full analysisFiling
• 14 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice +1.5% on 16 Oct
  Won Rs 0.99 cr 1-year Indian Army staffing order, adding under 1% to annual revenue.

  Happy Square Outsourcing Services won a new work order from the Indian Army (Department of Military Affairs) worth about Rs 99.24 lakhs inclusive of taxes. Services are to be provided from 1 November 2026 to 31 October 2027 in the ordinary course of business. The order will add about Rs 1 crore to revenue over the contract year and modestly strengthen the order book.

  Full analysisFiling
• 13 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice 0% on 14 Oct
  Won Rs 3.01 cr 2-year ISRO staffing order, adding ~1.4% to annual revenue.

  Happy Square Outsourcing Services has received a work order from ISRO worth about Rs 3.01 crore inclusive of taxes for deployment of manpower. Services are to be provided from 21 October 2026 to 20 October 2028 with monthly billing and no advance payment. The order adds about 1.4% to annual revenue and strengthens the order book, with a prestigious government client.

  Full analysisFiling
• 9 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice −6.7% on 12 Oct
  Wins Rs 3.2 cr DRDO staffing order for 17 months, adding ~2% to annual revenue.

  Happy Square Outsourcing Services received a new work order from the Department of Defence Research & Development, Office of DG (MSS), worth about Rs 3.20 crore inclusive of taxes. Services are to be provided from 12 October 2026 to 12 March 2028, about 17 months, in the ordinary course of business. The order will add roughly 2% to annual revenue in the next 12 months and modestly strengthen the order book.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Kanchan Patel

Chief Financial Officer

Angha Ambalkar

Company Secretary, Compliance Officer

Poonam Rajpal

Managing Director, Executive Director

Deepika Ondela

Whole Time Director and Senior Human Resource Manager