| Quarterly Financials | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
Revenue  | 168 | 181 | 176 | 190 | 187 | 188 | 201 | 224 | 254 | 274 | 292 | 311 | 330 | 359 | 375 | 386 | 405 | 429 | 435 | 456 | 489 | 549 | 554 | 571 | 580 |
| Expenses | 142 | 147 | 148 | 176 | 139 | 139 | 142 | 165 | 194 | 204 | 216 | 229 | 242 | 265 | 284 | 286 | 302 | 324 | 329 | 334 | 379 | 430 | 437 | 473 | 456 |
| EBITDA | 26 | 34 | 28 | 14 | 48 | 49 | 60 | 59 | 60 | 70 | 76 | 82 | 88 | 94 | 91 | 101 | 103 | 105 | 106 | 121 | 110 | 119 | 117 | 98 | 124 |
| Operating Profit % | 14 % | 16 % | 14 % | 6 % | 21 % | 24 % | 27 % | 25 % | 21 % | 23 % | 24 % | 24 % | 26 % | 25 % | 23 % | 24 % | 23 % | 20 % | 20 % | 20 % | 18 % | 18 % | 18 % | 13 % | 17 % |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 7 | 7 | 8 | 9 | 9 | 9 | 10 | 10 | 13 | 14 | 15 | 15 | 15 | 22 | 23 | 21 | 23 | 22 |
| Interest | 3 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 5 | 6 | 9 | 10 | 11 | 11 | 10 | 20 | 28 | 27 | 25 | 25 |
| Profit Before Tax | 18 | 27 | 21 | 7 | 41 | 43 | 53 | 49 | 51 | 59 | 65 | 70 | 76 | 80 | 75 | 79 | 79 | 79 | 81 | 96 | 68 | 68 | 69 | 50 | 77 |
| Tax | 0 | 0 | 0 | 2 | -9 | 9 | 11 | 13 | 16 | 15 | 17 | 18 | 19 | 21 | 18 | 21 | 20 | 21 | 21 | 24 | 17 | 18 | 19 | 16 | 20 |
| Net Profit | 18 | 27 | 21 | 5 | 50 | 34 | 42 | 36 | 36 | 44 | 49 | 52 | 56 | 59 | 58 | 58 | 58 | 59 | 60 | 72 | 51 | 50 | 50 | 34 | 57 |
| EPS in ₹ | 6.08 | 2.01 | 1.60 | 0.49 | 3.73 | 2.51 | 2.98 | 2.55 | 2.51 | 3.12 | 3.44 | 3.68 | 3.96 | 4.15 | 4.02 | 4.01 | 4.04 | 3.92 | 3.98 | 4.79 | 3.39 | 3.29 | 3.33 | 2.26 | 3.79 |
Happiest Minds Technologies
Happiest Minds Technologies
591.80
-5.45
(-0.91%)
There are 2 new updates from the company1 day ago
View
Market Cap
9,011.60 Cr
EPS
12.26
PE Ratio
45.48
Dividend Yield
1.00 %
Industry
Information Technology52 Week High
833.00
52 Week Low
519.30
PB Ratio
5.72
Debt to Equity
0.57
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from5 analysts
Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
3,054.00 | #1 11,04,963.90 | 22.42 | #1 2,59,286.00 | 5.70 | #1 48,797 | 5.90 | 41.02 | |
1,487.50 | 6,17,948.10 | 22.67 | 1,66,590.00 | 5.18 | 26,750 | 8.63 | 48.50 | |
1,466.30 | 3,97,904.70 | 23.44 | 1,19,540.00 | 7.30 | 17,399 | -9.74 | 36.00 | |
248.64 | 2,60,628.30 | #1 19.36 | 92,911.80 | 0.79 | 13,218 | 9.88 | 48.34 | |
5,224.50 | 1,54,827.80 | 32.82 | 38,997.80 | 7.67 | 4,602 | 10.53 | 57.14 | |
1,505.00 | 1,47,361.30 | 32.43 | 53,843.70 | 1.76 | 4,253 | 30.53 | 48.11 | |
5,369.00 | 83,971.20 | 55.23 | 12,076.90 | #1 21.38 | 1,400 | 38.67 | 51.80 | |
1,747.70 | 58,447.60 | 60.90 | 12,050.70 | 14.41 | 865 | #1 155.85 | 53.75 | |
2,848.60 | 54,194.70 | 31.15 | 14,485.00 | 7.33 | 1,702 | 9.20 | 60.52 | |
799.40 | 48,665.80 | 36.66 | 12,049.30 | 15.83 | 1,174 | 38.27 | 58.99 |
Forecast
Actual
Growth Rate
Revenue Growth
26.44 %
Net Income Growth
-25.64 %
Cash Flow Change
11.23 %
ROE
-30.10 %
ROCE
-26.44 %
EBITDA Margin (Avg.)
-14.41 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 414 | 508 | 922 | 1,125 | 1,641 | 2,248 | 3,359 |
| Fixed Assets | 61 | 38 | 128 | 158 | 432 | 413 | 1,211 |
| Current Assets | 334 | 445 | 745 | 927 | 1,073 | 1,778 | 2,001 |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 3 | 0 | 0 |
| Investments | 98 | 83 | 392 | 472 | 13 | 0 | 350 |
| Other Assets | 254 | 387 | 402 | 495 | 1,194 | 1,835 | 1,797 |
| Total Liabilities | 414 | 508 | 922 | 1,125 | 1,641 | 2,248 | 3,359 |
| Current Liabilities | 432 | 212 | 279 | 365 | 576 | 567 | 1,208 |
| Non Current Liabilities | 48 | 31 | 97 | 95 | 226 | 201 | 577 |
| Total Equity | -66 | 265 | 546 | 666 | 839 | 1,480 | 1,575 |
| Reserve & Surplus | -94 | 220 | 518 | 637 | 810 | 1,450 | 1,545 |
| Share Capital | 28 | 45 | 28 | 29 | 29 | 30 | 30 |
Cash Flow
| Cash Flow | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -0 | 27 | 42 | -19 | -69 | 39 | 4 |
| Investing Activities | 1 | -72 | -271 | -96 | -348 | -537 | -732 |
| Operating Activities | 58 | 112 | 143 | 168 | 207 | 213 | 236 |
| Financing Activities | -59 | -13 | 170 | -91 | 72 | 364 | 500 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Promoter | 53.25 % | 53.25 % | 53.25 % | 53.25 % | 53.26 % | 53.24 % | 53.24 % | 53.24 % | 53.24 % | 53.24 % | 51.35 % | 50.24 % | 50.24 % | 44.22 % | 44.22 % | 44.22 % | 44.21 % | 44.21 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 4.69 % | 5.30 % | 5.33 % | 5.34 % | 5.04 % | 5.33 % |
| DIIs | 6.59 % | 3.29 % | 1.50 % | 1.31 % | 1.05 % | 1.01 % | 1.49 % | 1.32 % | 1.26 % | 1.26 % | 2.42 % | 2.41 % | 2.58 % | 2.86 % | 4.18 % | 6.08 % | 10.59 % | 10.57 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 26.14 % | 26.61 % | 28.87 % | 29.63 % | 30.56 % | 31.53 % | 30.43 % | 30.57 % | 30.69 % | 30.54 % | 30.92 % | 31.97 % | 32.45 % | 36.42 % | 35.62 % | 34.69 % | 33.43 % | 32.93 % |
| Others | 14.01 % | 16.85 % | 16.37 % | 15.80 % | 15.13 % | 14.21 % | 14.83 % | 14.86 % | 14.80 % | 14.96 % | 15.30 % | 15.38 % | 10.04 % | 11.20 % | 10.65 % | 9.67 % | 6.73 % | 6.96 % |
| No of Share Holders | 2,06,848 | 3,43,534 | 5,27,509 | 6,04,037 | 6,75,122 | 7,18,636 | 7,19,197 | 7,12,848 | 7,11,568 | 6,96,794 | 7,28,316 | 7,36,130 | 7,32,253 | 7,59,641 | 7,28,443 | 7,07,146 | 6,87,788 | 6,79,128 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3 | 3.75 | 5.4 | 5.75 | 6 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.28 | 0.49 | 0.73 | 0.96 | 1.01 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 20 May 2020 |  Change Of Name | NA | 20 May 2020 | 0.00 | 0.00 |
| 01 Jul 2021 |  Dividend | ₹ 3.00 /share | 29 Jun 2021 | 841.95 | 1,006.80 |
| 10 Nov 2021 | Dividend | ₹ 1.75 /share | 09 Nov 2021 | 1,300.35 | 1,341.50 |
| 24 Jun 2022 | Dividend | ₹ 2.00 /share | 23 Jun 2022 | 983.30 | 848.75 |
| 03 Nov 2022 | Dividend | ₹ 2.00 /share | 02 Nov 2022 | 987.00 | 984.40 |
| 07 Jul 2023 | Dividend | ₹ 3.40 /share | 07 Jul 2023 | 870.90 | 985.25 |
| 30 Oct 2023 | Dividend | ₹ 2.50 /share | 30 Oct 2023 | 857.60 | 832.00 |
| 14 Jun 2024 | Dividend | ₹ 3.25 /share | 14 Jun 2024 | 807.65 | 894.20 |
| 28 Jun 2024 |  Annual General Meeting | NA | 28 Jun 2024 | 807.65 | 815.90 |
| 13 Nov 2024 |  Quarterly Result Announcement | NA | 13 Nov 2024 | 796.25 | 757.05 |
| 27 Nov 2024 | Dividend | ₹ 2.50 /share | 27 Nov 2024 | 757.05 | 726.95 |
| 04 Feb 2025 | Quarterly Result Announcement | NA | 04 Feb 2025 | 720.95 | 714.80 |
| 12 May 2025 | Quarterly Result Announcement | NA | 12 May 2025 | 571.85 | 577.50 |
| 18 Jul 2025 | Dividend | ₹ 3.50 /share | 18 Jul 2025 | 609.40 | 635.15 |
| 29 Jul 2025 | Quarterly Result Announcement | NA | 29 Jul 2025 | 626.95 | 601.25 |
| 29 Jul 2025 | Annual General Meeting | NA | 29 Jul 2025 | 609.40 | 601.25 |
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1 day ago
1 day agoReceipt Of Certified True Copy Of First Motion Order By Honble NCLT Bengaluru Bench1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 06, 2025
Aug 06, 2025Transcript Of 14Th Annual General Meeting Held On July 29 2025Aug 05, 2025
Aug 05, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotAug 05, 2025
Aug 05, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 04, 2025
Aug 04, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 04, 2025
Aug 04, 2025Communication To Shareholders - Financial Results For The Quarter Ended June 30 2025Jul 31, 2025
Jul 31, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportJul 30, 2025
Jul 30, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 30, 2025
Jul 30, 2025Audio Recording Of Earnings Call For The Quarter Ended June 30 2025Jul 30, 2025
Jul 30, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMJul 29, 2025
Jul 29, 2025Announcement under Regulation 30 (LODR)-Scheme of ArrangementJul 29, 2025
Jul 29, 2025Announcement under Regulation 30 (LODR)-Scheme of ArrangementJul 29, 2025
Jul 29, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 29, 2025
Jul 29, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 29, 2025
Jul 29, 2025Board Meeting Outcome for Outcome Of Board Meeting Dated July 29 2025Jul 29, 2025
Jul 29, 2025Financials Results For The Quarter Ended June 30 2025Jul 29, 2025
Jul 29, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 21, 2025
Jul 21, 2025Board Meeting Intimation for Approval Of Unaudited Financial Statements For The Quarter Ended As On June 30 2025Jul 21, 2025
Jul 21, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 08, 2025
Jul 08, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 07, 2025
Jul 07, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 05, 2025
Jul 05, 2025Business Responsibility and Sustainability Reporting (BRSR)Jul 04, 2025
Jul 04, 2025Communication To Shareholders - Intimation On Tax Deduction On DividendJul 04, 2025
Jul 04, 2025Reg. 34 (1) Annual Report.Jul 04, 2025
Jul 04, 2025Notice Of The 14Th Annual General Meeting (AGM)Jul 04, 2025
Jul 04, 2025Closure of Trading WindowJun 23, 2025
Jun 23, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJun 12, 2025
Jun 12, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJun 12, 2025
Jun 12, 2025 Volume Movement LetterJun 10, 2025
Jun 10, 2025Clarification sought from Happiest Minds Technologies LtdJun 10, 2025
Jun 10, 2025Investor Meeting Scheduled For May 23 2025May 22, 2025
May 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 22, 2025
May 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 22, 2025
May 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 19, 2025
May 19, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 17, 2025
May 17, 2025Communication To Shareholders - Financial Results For The Quarter And Financial Year Ended March 31 2025May 16, 2025
May 16, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 15, 2025
May 15, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 14, 2025
May 14, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportMay 13, 2025
May 13, 2025Audio Recording Of Earnings Call For The Quarter Ended March 31 2025May 13, 2025
May 13, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 13, 2025
May 13, 2025Intimation Of Record Date For Final DividendMay 13, 2025
May 13, 2025Technical Indicators
RSI(14)
Neutral 43.91
ATR(14)
Less Volatile 14.29
STOCH(9,6)
Neutral 40.19
STOCH RSI(14)
Overbought 92.86
MACD(12,26)
Bullish 1.29
ADX(14)
Weak Trend 17.10
UO(9)
Bullish 28.46
ROC(12)
Downtrend And Accelerating -1.56
WillR(14)
Neutral -72.00
Mutual Fund Holdings
UTI Innovation Fund Direct - Growth 
NJ Balanced Advantage Fund Direct - Growth 
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth 
DSP Nifty Smallcap250 Quality 50 Index Fund Direct - Growth 
Motilal Oswal Nifty Smallcap 250 Index Fund Direct - Growth 
SBI Nifty Smallcap 250 Index Fund Direct - Growth 
HDFC Nifty Smallcap 250 Index Fund Direct-Growth 
ICICI Prudential Nifty Smallcap 250 Index Fund Direct - Growth 
Edelweiss Nifty Smallcap 250 Index Fund Direct - Growth 
Kotak Nifty Smallcap 250 Index Fund Direct-Growth 
Groww Nifty Smallcap 250 Index Fund Direct - Growth 
Axis Nifty 500 Index Fund Direct-Growth 
Bandhan Nifty Smallcap 250 Index Fund Direct-Growth 
Angel One Nifty Total Market Index Fund Direct - Growth 
Navi Nifty 500 Multicap 50:25:25 Index Fund Direct-Growth 
Mirae Asset Nifty Total Market Index Fund Direct-Growth 
PGIM India Multi Cap Fund Direct-Growth About Happiest Minds Technologies
Happiest Minds Technologies Limited is an Indian IT company specializing in digital transformation consulting and services. The company offers solutions in cloud computing, social media, mobility, business intelligence, analytics, unified communications, and Internet of Things. It operates in three main segments: Infrastructure Management & Security Services, Product and Digital Engineering Services, and Generative AI Business Services. Happiest Minds provides services to industries including Retail/CPG, BFSI, Travel & Transportation, Manufacturing, and Media. The company has expertise in technologies such as blockchain, AI, edge computing, and computer vision. It became a public limited company in 2020 and completed an IPO, listing on the National Stock Exchange of India and BSE Limited. Happiest Minds has made strategic acquisitions including PGS Inc. (now Happiest Minds Inc.) and Sri Mookambika Infosolutions Private Limited to expand its capabilities and market presence.
Listing Date
17 Sept, 2020(4 Years,
37 days)
Chairperson NameAshok Soota
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