Happiest Minds Technologies Limited

Web: happiestminds.com NSE: HAPPSTMNDS BSE: 543227 SECTOR: Information Technology - It - Software

368 1(0%)

Volume

5L as on 22, Jul

Open

624

High

706

Low

696

367

VWAP

371

52 Week High

646

52 Week Low

330

Viand Research Rating

Quality Score

50/100

Growth Score

33/100

Valuation Score

50/100

Momentum Score

25/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

5,604

No. of Shares

15.2

P/E

51.35

P/B

7.38

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

14.37

ROCE

Profit Growth

Listing Date

17-Sep-20

Promoter Holding

44.21%

FII Holding

5.94%

DII Holding

8.99%

Price Chart

Price Performance

1 Week4%

1 Month5%

3 Months3%

6 Months11%

1 Year40%

YTD19%

Moving Average

5 Day SMA377

10 Day SMA382

20 Day SMA364

30 Day SMA359

50 Day SMA362

61 Day SMA365

80 Day SMA369

200 Day SMA419

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	396	380	392	398
Resistance 2	392	379	387	392
Resistance 1	384	377	384	385
Pivot Point	379	376	379	380
Support 1	372	375	374	373
Support 2	367	374	371	367
Support 3	359	373	367	360

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	TCS	8,10,669	2241	1%	4%	30%	31%	16	36.5	0.11	49454
2	INFY	4,23,368	1043	2%	1%	37%	33%	15	36.5	0.1	29474
3	HCLTECH	3,37,119	1242	6%	9%	27%	19%	18	36.5	0.07	16652
4	WIPRO	1,72,778	174	0%	3%	28%	33%	15	36.5	0.23	13266
5	TECHM	1,52,203	1553	4%	9%	8%	1%	30	36.5	0.07	4806
6	LTIM	1,37,691	4644	2%	4%	33%	25%	38	36.5	0.1	4983
7	LTM	1,17,539	3963	2%	4%	33%	32%	27	36.5	0.1	4983
8	OFSS	93,489	10737	7%	12%	37%	24%	26	36.5	0	2639
9	PERSISTENT	78,717	4990	0%	5%	19%	9%	0	36.5	0.06	1865
10	COFORGE	64,003	1446	4%	1%	13%	20%	0	36.5	0.08	1745
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 44.21%	(0.01) 44.21%	(0.01) 44.21%	(0.01) 44.22%	(0.01) 44.22%	(0.01) 44.23%	(0.01) 44.23%	(-6.01) 44.23%	(0.01) 50.24%	(-1.11) 50.24%	(-1.91) 51.35%	(0.01) 53.24%	(0.01) 53.24%	(0.01) 53.24%	(0.01) 53.24%	(0.01) 53.25%	(0.01) 53.26%	(0.01) 53.25%	(0.01) 53.25%
FIIs	(0.11) 5.94%	(0.51) 5.89%	(0.11) 5.39%	(0.31) 5.33%	(-0.31) 5.04%	(0.01) 5.34%	(0.01) 5.33%	(0.61) 5.31%	(-0.41) 4.69%	(-0.11) 5.05%	(0.61) 5.14%	(0.41) 4.52%	(0.11) 4.15%	(0.11) 4.07%	(-0.11) 3.94%	(-2.31) 4.00%	(-0.61) 6.29%	(-0.11) 6.93%	(0.01) 7.05%
DIIs	(-0.61) 8.99%	(-0.61) 9.62%	(-0.41) 10.20%	(0.01) 10.57%	(4.51) 10.58%	(1.91) 6.08%	(1.31) 4.18%	(0.31) 2.85%	(0.21) 2.57%	(0.01) 2.41%	(1.21) 2.43%	(0.01) 1.26%	(-0.11) 1.26%	(-0.21) 1.32%	(0.11) 1.48%	(-0.11) 1.42%	(-0.31) 1.48%	(-0.31) 1.73%	(0.01) 2.07%
Public	39.53%	38.94%	38.83%	38.48%	38.70%	42.83%	44.61%	45.82%	40.58%	40.20%	38.94%	38.68%	38.84%	38.74%	38.65%	38.55%	36.08%	35.06%	34.46%
No. of Shareholders	642,274	650,749	664,262	679,128	687,788	707,146	728,443	759,641	732,253	736,130	728,316	696,794	711,568	712,848	719,197	718,636	675,122	604,037	527,509

Quarterly Results

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	604	588	574	550	545	531	522	464	417	410	407	391	378	367	356	329	301	284	265	245
Sales Growth % (YoY)	10.9%	10.7%	10%	18.6%	30.5%	29.5%	28.3%	18.7%	10.4%	11.7%	14.4%	18.8%	25.8%	29.2%	34.4%	34.5%	36.2%	47.2%	44.7%	38.2%
Sales Growth % (QoQ)	2.7%	2.4%	4.4%	0.9%	2.6%	1.7%	12.5%	11.3%	1.7%	0.7%	4.1%	3.4%	3%	3.1%	8.2%	9.3%	6%	7.2%	8.2%	-
Expenses	500	480	475	456	461	437	430	379	334	329	324	302	286	277	265	242	229	216	204	188
Operating Profit	104	107	99	94	84	94	92	85	83	81	83	89	92	89	91	87	72	68	61	57
OPM %	17	18	17	17	15	18	18	18	20	20	20	23	24	24	25	26	24	24	23	23
Other Income	21	-6	22	30	14	23	27	25	38	25	22	14	8	1	4	1	10	8	10	3
Interest	23	25	25	25	25	27	28	20	10	11	11	10	9	6	5	3	3	2	2	2
Depreciation	22	22	22	22	23	21	23	22	15	15	15	14	13	10	10	9	9	8	8	7
Profit before tax	80	54	73	77	50	69	68	68	96	81	79	79	79	75	80	76	70	65	59	51
Tax %	24	26	26	26	33	27	27	25	25	26	26	26	27	23	26	25	25	25	25	30
Net Profit	61	40	54	57	34	50	50	51	72	60	58	58	58	58	59	56	52	49	44	36
Net Profit Growth % (QoQ)	52.5%	-25.9%	-5.3%	67.6%	-32%	-	-2%	-29.2%	20%	3.4%	-	-	-	-1.7%	5.4%	7.7%	6.1%	11.4%	22.2%	-
Net Profit Growth % (YoY)	79.4%	-20%	8%	11.8%	-52.8%	-16.7%	-13.8%	-12.1%	24.1%	3.4%	-1.7%	3.6%	11.5%	18.4%	34.1%	55.6%	-	-	-	-
TTM Net Profit	212	185	195	191	185	223	233	241	248	234	232	233	231	225	216	201	181	129	80	0
EPS in Rs	4.02	2.65	3.55	3.75	2.23	3.29	3.25	3.35	4.73	3.92	3.84	3.97	3.93	3.92	4.05	3.84	3.55	3.33	3.03	2.43

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Sales	2315	2061	1625	1429	1094	773	698	590
Sales Growth %	12.3%	26.8%	13.7%	30.7%	41.4%	10.8%	18.3%	-
Expenses	1912	1706	1289	1070	836	582	601	535
Operating Profit	403	354	336	359	258	191	97	55
OPM %	17	17	21	25	24	25	14	9
Other Income	66	89	99	15	31	24	5	-1
Interest	97	99	42	22	10	7	8	16
Depreciation	88	89	58	42	33	23	20	25
Profit before tax	284	255	335	310	246	186	74	13
Tax %	25	28	26	25	26	13	3	-9
Net Profit	213	185	248	231	181	162	72	14
Net Profit Growth %	15.1%	-25.4%	7.4%	27.6%	11.7%	125%	414.3%	-
EPS in Rs	13.96	12.13	16.31	15.73	12.34	11.06	14.52	3.82
Dividend Payout %	45	49	35	34	30	26	0	0

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Cash from Operating Activity	261	236	213	207	168	144	112	58
Cash from Investing Activity	-121	-731	-537	-348	-96	-271	-72	1
Cash from Financing Activity	-144	499	363	72	-91	169	-13	-59
Net Cash Flow	-4	4	39	-68	-19	42	27	0

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Equity Capital	30	30	30	30	30	29	29	28	9	6
Reserves	1659	1598	1545	1494	1450	810	637	518	220	-94
Borrowings	1487	1274	1244	1256	512	534	250	193	150	144
Other Liabilities	449	472	505	520	242	256	205	176	129	358
Total Liabilities	3625	3374	3323	3300	2235	1628	1120	915	508	414
Fixed Assets	1174	1189	1211	1219	413	432	158	128	38	61
CWIP	0	0	0	1	0	3	0	0	0	0
Investments	504	466	350	108	0	13	472	391	83	98
Other Assets	1948	1719	1761	1972	1822	1181	491	395	387	254
Total Assets	3625	3374	3323	3300	2235	1628	1120	915	508	414

Delivery

#	Date	335 25% 420	Value (Cr)	Q/T 42	Del 34	Del 40
1	22-Jul	367	19	34	39	8
2	21-Jul	376	17	35	42	7
3	20-Jul	382	26	40	37	10
4	17-Jul	380	36	43	31	11
5	16-Jul	381	38	42	31	12
6	15-Jul	384	56	44	33	19
7	14-Jul	393	126	57	27	34
8	13-Jul	408	368	60	21	76
9	10-Jul	386	168	55	28	47
10	9-Jul	366	135	47	29	39
11	8-Jul	344	24	34	38	9
12	7-Jul	350	16	26	36	6
13	6-Jul	347	11	34	44	5
14	3-Jul	350	33	29	42	14
15	2-Jul	352	97	45	31	31
16	1-Jul	337	14	32	48	6
17	30-Jun	341	16	30	33	5
18	29-Jun	338	16	26	42	7
19	25-Jun	342	18	40	38	7
20	24-Jun	346	14	29	38	5
21	23-Jun	345	14	32	47	6
22	22-Jun	348	15	29	43	7
23	19-Jun	345	35	40	39	13
24	18-Jun	351	26	29	47	12
25	17-Jun	356	37	38	36	13
26	16-Jun	352	25	34	40	10
27	15-Jun	352	23	30	43	10
28	12-Jun	350	63	45	24	15
29	11-Jun	345	14	31	33	5
30	10-Jun	349	19	28	41	8
31	9-Jun	353	18	24	43	8
32	8-Jun	353	19	29	41	8
33	5-Jun	365	18	34	35	6
34	4-Jun	365	21	32	42	9
35	3-Jun	370	35	38	34	12
36	2-Jun	378	142	46	40	56
37	1-Jun	379	54	38	33	18
38	29-May	372	61	39	36	22
39	27-May	379	20	29	43	9
40	26-May	377	17	32	37	6
41	25-May	373	12	35	35	4
42	22-May	370	11	32	34	4
43	21-May	372	14	31	37	5
44	20-May	374	77	43	22	17
45	19-May	361	34	34	35	12
46	18-May	358	12	33	31	4
47	15-May	361	19	35	27	5
48	14-May	357	16	34	29	5

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	5,605c	16c	0.29
22-Jul	5,589c	129c	2.25
21-Jul	5,717c	62c	1.07
17-Jul	5,779c	23c	0.39
16-Jul	5,802c	85c	1.45
15-Jul	5,887c	244c	3.97
14-Jul	6,131c	111c	1.78
13-Jul	6,242c	434c	7.47
10-Jul	5,808c	244c	4.38
09-Jul	5,564c	311c	5.91
08-Jul	5,254c	68c	1.27
07-Jul	5,321c	41c	0.78
06-Jul	5,280c	21c	0.40
02-Jul	5,301c	99c	1.90
30-Jun	5,203c	77c	1.50
29-Jun	5,126c	82c	1.58
26-Jun	5,208c	15c	0.29
25-Jun	5,223c	36c	0.68
24-Jun	5,259c	9c	0.17
23-Jun	5,250c	65c	1.22
22-Jun	5,314c	38c	0.72
19-Jun	5,276c	78c	1.46
18-Jun	5,355c	62c	1.14
17-Jun	5,416c	45c	0.84
16-Jun	5,372c	20c	0.37
15-Jun	5,352c	7c	0.13
12-Jun	5,345c	46c	0.86
11-Jun	5,299c	35c	0.66
10-Jun	5,334c	0	0

Stock Checklist

Price is below from 52 week high low average: 76%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: NO

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 30 fund scheme(s) across 12 fund house(s) as of Jul26 · Total value ₹700 Cr · 0 increasing / 4 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
SBI Mutual Fund	4	0.78%	-	657.3
Motilal Oswal Mutual Fund	4	0.20%	-	17.9
UTI Mutual Fund	2	1.15%	-	17.1
Quantum Mutual Fund	2	1.47%	-0.39%	7.1
Groww Mutual Fund	2	0.02%	-	0.1
Angel One Mutual Fund	2	0.02%	-	0
Mirae Asset Mutual Fund	2	0.02%	-	0
Bandhan Mutual Fund	2	0.02%	-	0
Edelweiss Mutual Fund	2	0.00%	-	0
HDFC Mutual Fund	2	0.00%	-0.02%	0
Axis Mutual Fund	2	0.00%	-	0
DSP Mutual Fund	4	0.00%	-	0

Happiest Minds Technologies Limited

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Price Performance

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PIVOT LEVEL

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Shareholding Pattern (%)

Quarterly Results

Profit and Loss

Cash Flows

Balance Sheet

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