HAPPSTMNDS
Happiest Minds Technologies Limited (HAPPSTMNDS) Stock Analysis
Happiest Minds Technologies Limited is an Indian IT services company specializing in digital, cloud, and product engineering. It serves global enterprises in banking, edtech, and healthcare with agile delivery. The company was founded by Ashok Soota. It is listed on Indian stock exchanges.
Technology › Information Technology Services
₹333.10
+10.98% 1W | -35.10% 52W
Market Cap
5.0k CR
P/E Ratio
22.5
52W High
₹531
52W Low
₹299
Div. Yield
2.25%
Beta
0.1
50 DMA
₹358.1
200 DMA
₹373.4
Profit Margin
9.3%
Inst. Own.
8%
📊 ANALYZING TREND
✅ BOUNCE FROM SUPPORT
Fundamentals
Profit & Loss
| Metric | Jun 2023 | 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 | 391 | 407 | 410 | 417 | 464 | 522 | 531 | 545 | 550 | 574 | 588 | 604 | 629 |
| Expenses | 302 | 324 | 329 | 334 | 379 | 430 | 437 | 461 | 456 | 475 | 480 | 500 | 511 |
| Operating Profit | 89 | 83 | 81 | 83 | 85 | 92 | 94 | 84 | 94 | 99 | 107 | 104 | 118 |
| OPM % | 23% | 20% | 20% | 20% | 18% | 18% | 18% | 15% | 17% | 17% | 18% | 17% | 19% |
| Other Income | 14 | 22 | 25 | 38 | 25 | 27 | 23 | 14 | 30 | 22 | -6 | 21 | 24 |
| Interest | 10 | 11 | 11 | 10 | 20 | 28 | 27 | 25 | 25 | 25 | 25 | 23 | 28 |
| Depreciation | 14 | 15 | 15 | 15 | 22 | 23 | 21 | 23 | 22 | 22 | 22 | 22 | 23 |
| Profit before tax | 79 | 79 | 81 | 96 | 68 | 68 | 69 | 50 | 77 | 73 | 54 | 80 | 90 |
| Tax % | 26% | 26% | 26% | 25% | 25% | 27% | 27% | 33% | 26% | 26% | 26% | 24% | 25% |
| Net Profit | 58 | 58 | 60 | 72 | 51 | 50 | 50 | 34 | 57 | 54 | 40 | 61 | 68 |
| EPS in Rs | 3.97 | 3.84 | 3.92 | 4.73 | 3.35 | 3.25 | 3.29 | 2.23 | 3.75 | 3.55 | 2.65 | 4.02 | 4.44 |
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 590 | 698 | 773 | 1,094 | 1,429 | 1,625 | 2,061 | 2,315 | 2,394 |
| Expenses | 535 | 601 | 582 | 836 | 1,070 | 1,289 | 1,706 | 1,912 | 1,967 |
| Operating Profit | 55 | 97 | 191 | 258 | 359 | 336 | 354 | 403 | 427 |
| OPM % | 9% | 14% | 25% | 24% | 25% | 21% | 17% | 17% | 18% |
| Other Income | -1 | 5 | 24 | 31 | 15 | 99 | 89 | 66 | 60 |
| Interest | 16 | 8 | 7 | 10 | 22 | 42 | 99 | 97 | 101 |
| Depreciation | 25 | 20 | 23 | 33 | 42 | 58 | 89 | 88 | 88 |
| Profit before tax | 13 | 74 | 186 | 246 | 310 | 335 | 255 | 284 | 298 |
| Tax % | -9% | 3% | 13% | 26% | 25% | 26% | 28% | 25% | |
| Net Profit | 14 | 72 | 162 | 181 | 231 | 248 | 185 | 213 | 223 |
| EPS in Rs | 3.82 | 14.52 | 11.06 | 12.34 | 15.73 | 16.31 | 12.13 | 13.96 | 14.66 |
| Dividend Payout % | 0% | 0% | 26% | 30% | 34% | 35% | 49% | 44% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 17.0% | 25.0% | – |
| Profit CAGR | -1.0% | 7.0% | – |
Shareholding Pattern
Promoters44.22%
FIIs5.33%
DIIs10.57%
Public38.48%
Promoters44.21%
FIIs5.39%
DIIs10.20%
Public38.83%
Promoters44.21%
FIIs5.89%
DIIs9.62%
Public38.94%
Promoters44.21%
FIIs5.94%
DIIs8.99%
Public39.53%
Promoters44.21%
FIIs6.00%
DIIs5.66%
Public42.89%
Promoters53.24%
FIIs4.15%
DIIs1.26%
Public38.84%
Promoters50.24%
FIIs4.69%
DIIs2.57%
Public40.58%
Promoters44.22%
FIIs5.04%
DIIs10.58%
Public38.70%
Promoters44.21%
FIIs5.94%
DIIs8.99%
Public39.53%
Promoters44.21%
FIIs6.00%
DIIs5.66%
Public42.89%
HAPPSTMNDS
Holdings Analysis
Key strengths & risk signals
49
Overall
51
Fundamental
48
Technical
Risks (4)
Cannot calculate PEG - insufficient growth data.
POOR YEAR! Stock declined 35.1% in the last year.
WEAK POSITION! Current price (333.1) is below both moving averages.
WEAK! Trading at 14.7% of 52W range - near yearly lows.
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
LOW VOLATILITY! Beta of 0.10 - stable stock, less market risk.
TESTING SUPPORT! Stock is at key support level.
NEUTRAL! RSI at 55.8 - balanced momentum.
Fundamental & Technical Analysis
49Overall
51Fundamental
48Technical
Fundamental Breakdown
Growth Quality
15/30
Revenue CAGR: 17.4% (VERY GOOD, 13/15). Profit CAGR: -2.7% (DECLINING, 2/15).
Profit Margin
3/10
LOW MARGIN! 9.3% profit margin - thin profits.
PEG Valuation
1/10
Cannot calculate PEG - insufficient growth data.
Dividend Yield
6/10
MODERATE DIVIDEND! 2.25% yield - some income benefit.
Debt to Equity
6/10
MODERATE DEBT! D/E of 0.79 - acceptable leverage.
Public Holding
10/20
SIGNIFICANT PUBLIC HOLDING! 38.68% public ownership - moderate retail influence.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
3/10
BEARISH TREND! 50-day average (358.1) is below 200-day average (373.4) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (333.1) is below both moving averages.
Trend Pattern
16/20
TESTING SUPPORT! Stock is at key support level.
52W Performance
0/10
POOR YEAR! Stock declined 35.1% in the last year.
Volume Sentiment
15/30
BEARISH SENTIMENT! In last 30 days: 13 up days, 17 down days. Avg volume on up days: 859,563 vs down days: 1,060,867. Ratio: 0.81x
RSI
3/5
NEUTRAL! RSI at 55.8 - balanced momentum.
52W Range
1/5
WEAK! Trading at 14.7% of 52W range - near yearly lows.
Momentum
3/5
MIXED MOMENTUM! Price growth is inconsistent - 11.0% (1 week), 2.3% (1 month), -12.2% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.10 - stable stock, less market risk.
HAPPSTMNDS
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-09-07 | Concall PDF | |
| Q4FY262026-07-30 | Concall PDF | |
| Q3FY262026-02-13 | Concall PDF | |
| Q2FY262025-11-04 | Concall PDF |
Peer Comparison
Technology · Information Technology Services · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HAPPSTMNDS | ₹333.10 | 22.5 | 9.3% | 17.4% | -2.7% | -35.1% | 49 | BOUNCE FROM SUPPORT | +18.4% | +10.5% | +14.3% | +4.0% |
| MASTEK | ₹1,756.20 | 13.1 | 11.1% | 13.0% | 11.3% | -21.0% | 66 | BOUNCE FROM SUPPORT | +15.1% | -0.3% | +7.7% | +5.0% |
| SONATSOFTW | ₹245.10 | 14.7 | 4.2% | 12.8% | 0.9% | -32.7% | 57 | BOUNCE FROM SUPPORT | -1.1% | -17.2% | +10.6% | +29.3% |
| BSOFT | ₹309.50 | 15.2 | 10.6% | 3.5% | 16.1% | -13.2% | 74 | BREAKOUT | +51.3% | -8.5% | +7.4% | +2.3% |
| ZENSARTECH | ₹504.40 | 15 | 13.4% | 5.5% | 33.2% | -36.8% | 76 | BREAKOUT | +1.0% | -12.7% | +8.9% | +4.0% |
| CAMS | ₹704.90 | 35.5 | 31.8% | 16.0% | 18.6% | -9.4% | 77 | BREAKOUT | +17.3% | +1.3% | +11.5% | -0.1% |
| ECLERX | ₹1,998.20 | 26.1 | 16.8% | 15.8% | 13.0% | -3.8% | 77 | BREAKOUT | +15.9% | -13.3% | +23.3% | +4.1% |
| FSL | ₹281.80 | 29.6 | 6.7% | 17.1% | 9.5% | -11.3% | 69 | APPROACHING RESISTANCE | -2.0% | -19.2% | +23.9% | +5.3% |
Data from TradeAlone · Updated daily
HAPPSTMNDS News
Happiest Minds Technologies Limited (happstmnds) Announces Merger with ITC Infotech to Form AI First Global Tech Services Giant2026-08-31Happiest Minds Technologies Limited (HAPPSTMNDS) gains 5% intraday, tests resistance2026-08-14Happiest Minds Technologies Limited (HAPPSTMNDS) gains 7% intraday, tests resistance2026-08-05Happiest Minds Technologies Limited (nse:happstmnds) Reports Strong Start to FY27 with Revenues of ₹629 Crores, Up 14.3% Y-o-y2026-07-27Happiest Minds Technologies Limited (HAPPSTMNDS) breaks out, moves up 5% intraday2026-07-13Happiest Minds Technologies Limited (HAPPSTMNDS) breaks out, gains 5% intraday2026-07-10Happiest Minds Technologies Limited (HAPPSTMNDS) gains 7% intraday2026-07-09Happiest Minds Technologies Limited (nse:happstmnds) Launches Rel(ai)build, an Agentic AI Platform to Transform Enterprise Software Delivery2026-06-11
