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Happiest Minds Technologies HAPPSTMNDS.NS · INR

Information Technology · NSE · 🇮🇳 India

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313.20

-0.27%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹23.15bn

FY2017FY2026

Net income

₹2.13bn

FY2017FY2026

Free cash flow

₹2.41bn

FY2017FY2026

Shareholders' equity

₹16.89bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹23.15bn₹20.61bn₹16.25bn₹14.29bn₹10.94bn₹7.73bn₹6.98bn₹5.90bn₹4.63bn₹4.31bn
Research and development—₹204.7m₹184.3m₹171.2m₹138.3m₹145.0m₹152.3m———
Operating income₹3.15bn₹2.66bn₹3.25bn₹3.17bn₹2.54bn₹1.76bn₹844.9m₹462.2m−₹307.7m₹963.3m
Net income₹2.13bn₹1.85bn₹2.48bn₹2.31bn₹1.81bn₹1.62bn₹717.1m₹142.1m−₹224.7m₹42.4m
Diluted earnings per share14.0912.2316.5115.3412.5211.224.920.97-1.490.28

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹36.25bn₹33.59bn₹22.48bn₹16.41bn₹11.25bn₹9.22bn₹5.08bn₹4.14bn₹3.87bn₹3.11bn
Cash and short-term investments₹14.16bn₹6.66bn₹12.30bn₹5.32bn₹6.22bn₹5.07bn₹2.29bn₹1.39bn₹1.56bn₹1.63bn
Total liabilities₹19.36bn₹17.84bn₹7.68bn₹8.02bn₹4.59bn₹3.76bn₹2.43bn₹4.80bn₹4.96bn₹1.07bn
Debt₹14.87bn₹12.44bn₹5.12bn₹5.34bn₹2.50bn₹1.93bn₹1.14bn₹1.21bn₹4.07bn₹550.7m
Shareholders' equity₹16.89bn₹15.75bn₹14.80bn₹8.39bn₹6.66bn₹5.46bn₹2.65bn−₹660.5m−₹1.09bn₹2.04bn
Shares outstanding151m151m150m151m145m145m146m147m151m151m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹2.44bn₹2.36bn₹2.13bn₹2.07bn₹1.68bn₹1.43bn₹1.12bn₹576.2m₹103.4m−₹114.0m
Capital spending−₹29.1m−₹111.7m−₹82.3m−₹1.39bn−₹41.3m−₹9.7m−₹11.3m−₹10.3m−₹24.8m−₹32.7m
Free cash flow₹2.41bn₹2.25bn₹2.04bn₹677.6m₹1.64bn₹1.42bn₹1.11bn₹565.9m₹78.6m−₹146.7m
Dividends paid−₹939.1m−₹858.8m−₹860.4m−₹571.5m−₹683.0m−₹683.0m−₹683.0m−₹683.0m——

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹6.29bn₹6.04bn₹5.88bn₹5.74bn₹5.50bn₹5.45bn₹5.31bn₹5.22bn
Operating income₹949.7m₹820.4m₹850.3m₹764.6m₹716.6m₹613.3m₹729.1m₹686.8m
Net income₹676.0m₹611.7m₹403.0m₹540.2m₹571.3m₹340.1m₹501.0m₹495.2m
Diluted earnings per share4.484.052.673.583.792.253.333.29
Cash from operations———₹1.23bn————
Capital spending———−₹12.0m————
Free cash flow———₹1.22bn————
Total assets₹38.22bn₹36.25bn₹34.36bn₹33.74bn₹33.36bn₹33.59bn₹33.42bn₹33.00bn
Cash and short-term investments₹19.67bn₹14.16bn₹16.51bn₹14.04bn₹16.06bn₹6.66bn₹17.04bn₹14.58bn
Debt—₹14.46bn—₹8.81bn—₹11.93bn—₹12.02bn
Shareholders' equity₹17.75bn₹16.89bn₹16.35bn₹16.28bn₹16.34bn₹15.75bn₹15.36bn₹15.24bn

Financial ratios

Data as of 15 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin13.6%12.9%20.0%22.2%23.2%22.8%—
Net margin9.2%9.0%15.3%16.2%16.6%21.0%—
Return on equity12.6%11.7%16.8%27.5%27.2%29.8%—
Return on assets5.9%5.5%11.1%14.1%16.1%17.6%—
Free cash flow yield5.0%5.0%4.5%7.1%3.7%3.1%—
Revenue growth12.3%26.8%13.7%30.7%41.4%10.8%—
Earnings growth15.1%-25.7%7.5%27.5%11.5%126.6%—
Current ratio1.48x1.66x3.14x1.86x2.54x2.67x—
Debt to equity0.86x0.76x0.32x0.58x0.31x0.33x—
Equity ratio46.6%46.9%65.9%51.1%59.2%59.2%—
Interest coverage3.24x2.67x7.68x14.50x30.62x26.38x—
R&D as a share of sales—1.0%1.1%1.2%1.3%1.9%2.2%
Buybacks as a share of market value0.0%-0.3%0.1%-4.1%0.0%0.8%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue17.4%24.5%21.1%
Operating income-0.2%12.3%14.5%
Net income-2.7%5.5%44.3%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin13.3%16.5%17.8%16.3%
Net margin9.1%11.8%13.1%10.9%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Price to earnings22.737.644.558.470.4115.570.0
Price to sales2.13.46.89.411.724.37.2

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 17 Jul 2026.

FY2027FY2026FY2025FY2024FY2023FY2022
Paid in the year3.656.255.755.904.004.75

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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