| 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 |
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 |
| 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 |
| 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 |
| 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 % |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
Happiest Minds Technologies
618.90
-28.90
(-4.46%)
Market Cap
9,864.40 Cr
EPS
16.73
PE Ratio
51.20
Dividend Yield
0.91 %
Industry
Information Technology52 Week High
956.00
52 Week Low
519.30
PB Ratio
6.27
Debt to Equity
0.45
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
Company News
View All News
Happiest Minds Technologies: Inorganic Growth Strategy Reshapes Revenue Mix1 day ago
Happiest Minds Technologies is focusing on inorganic growth, with recent acquisitions reshaping its revenue mix. The company invested $90 million in three acquisitions, expanding its presence in BFSI and healthcare sectors. Despite revenue growth of 26.84% to Rs 2,000 crore in FY25, EBIT and net profit declined due to higher costs. The company remains open to further acquisitions, particularly in cybersecurity.
Happiest Minds Technologies: Shares Surge 10% on 'Buy' Rating2 days ago
Happiest Minds Technologies shares rose 10% after Anand Rathi initiated coverage with a 'buy' rating and ₹790 price target. The brokerage cites inorganic growth in BFSI and Healthcare segments, appointment of a Chief Growth Officer, and a dedicated AI business unit as positive factors. However, US market slowdown and Edutech vertical performance remain concerns.
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 |
|---|---|---|---|---|---|---|---|---|
3,424.00 | #1 12,48,746.70 | 25.74 | #1 2,59,286.00 | 5.70 | #1 48,797 | -1.67 | 45.44 | |
1,618.40 | 6,78,099.90 | 25.58 | 1,66,590.00 | 5.18 | 26,750 | -11.75 | 58.13 | |
1,713.90 | 4,65,637.80 | 26.76 | 1,11,408.00 | 8.36 | 15,710 | 7.86 | 61.76 | |
265.58 | 2,73,933.30 | #1 20.94 | 92,972.40 | 0.63 | 13,218 | 25.54 | 69.08 | |
1,684.00 | 1,67,476.50 | 39.40 | 52,912.40 | -2.47 | 2,397 | #1 71.92 | 66.11 | |
5,368.00 | 1,61,490.40 | 35.11 | 38,997.80 | 7.67 | 4,602 | 2.53 | 65.26 | |
5,898.50 | 93,907.40 | 67.31 | 9,949.60 | #1 18.15 | 1,094 | 25.53 | 57.80 | |
1,794.00 | 61,311.20 | 73.06 | 9,240.40 | 14.41 | 836 | 34.08 | 61.08 | |
2,648.30 | 51,081.30 | 30.03 | 13,496.30 | -3.32 | 1,555 | 13.56 | 57.98 | |
824.20 | 51,031.20 | 41.77 | 12,049.30 | 15.83 | 1,174 | 17.24 | 55.59 |
Automatic Screeners on ScanX
Forecast
Actual
Growth Rate
Revenue Growth
17.90 %
Net Income Growth
7.53 %
Cash Flow Change
2.60 %
ROE
-39.07 %
ROCE
-28.02 %
EBITDA Margin (Avg.)
-5.99 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Total Assets | 414 | 508 | 922 | 1,125 | 1,641 | 2,248 |
| Fixed Assets | 61 | 38 | 128 | 158 | 432 | 413 |
| Current Assets | 334 | 445 | 745 | 927 | 1,073 | 1,778 |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 3 | 0 |
| Investments | 98 | 83 | 392 | 472 | 13 | 0 |
| Other Assets | 254 | 387 | 402 | 495 | 1,194 | 1,835 |
| Total Liabilities | 414 | 508 | 922 | 1,125 | 1,641 | 2,248 |
| Current Liabilities | 432 | 212 | 279 | 365 | 576 | 567 |
| Non Current Liabilities | 48 | 31 | 97 | 95 | 226 | 201 |
| Total Equity | -66 | 265 | 546 | 666 | 839 | 1,480 |
| Reserve & Surplus | -94 | 220 | 518 | 637 | 810 | 1,450 |
| Share Capital | 28 | 45 | 28 | 29 | 29 | 30 |
Cash Flow
| Cash Flow | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Net Cash Flow | -0 | 27 | 42 | -19 | -69 | 39 |
| Investing Activities | 1 | -72 | -271 | -96 | -348 | -537 |
| Operating Activities | 58 | 112 | 143 | 168 | 207 | 213 |
| Financing Activities | -59 | -13 | 170 | -91 | 72 | 364 |
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 |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 |
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 | 0.00 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.28 | 0.49 | 0.73 | 0.96 | 0.00 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 29 Jul 2025 |  Annual General Meeting | NA | 29 Jul 2025 | 609.40 | 647.80 |
| 18 Jul 2025 |  Dividend | ₹ 3.50 /share | 18 Jul 2025 | 609.40 | 647.80 |
| 12 May 2025 |  Quarterly Result Announcement | NA | 12 May 2025 | 571.85 | 577.50 |
| 04 Feb 2025 | Quarterly Result Announcement | NA | 04 Feb 2025 | 720.95 | 714.80 |
| 27 Nov 2024 | Dividend | ₹ 2.50 /share | 27 Nov 2024 | 757.05 | 726.95 |
| 13 Nov 2024 | Quarterly Result Announcement | NA | 13 Nov 2024 | 796.25 | 757.05 |
| 28 Jun 2024 | Annual General Meeting | NA | 28 Jun 2024 | 807.65 | 815.90 |
| 14 Jun 2024 | Dividend | ₹ 3.25 /share | 14 Jun 2024 | 807.65 | 894.20 |
| 30 Oct 2023 | Dividend | ₹ 2.50 /share | 30 Oct 2023 | 857.60 | 832.00 |
| 07 Jul 2023 | Dividend | ₹ 3.40 /share | 07 Jul 2023 | 870.90 | 985.25 |
| 03 Nov 2022 | Dividend | ₹ 2.00 /share | 02 Nov 2022 | 987.00 | 984.40 |
| 24 Jun 2022 | Dividend | ₹ 2.00 /share | 23 Jun 2022 | 983.30 | 848.75 |
| 10 Nov 2021 | Dividend | ₹ 1.75 /share | 09 Nov 2021 | 1,300.35 | 1,341.50 |
| 01 Jul 2021 | Dividend | ₹ 3.00 /share | 29 Jun 2021 | 841.95 | 1,006.80 |
| 20 May 2020 |  Change Of Name | NA | 20 May 2020 | 0.00 | 0.00 |
Announcements
Announcement under Regulation 30 (LODR)-Press Release / Media Release
7 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Change in Management7 days ago
7 days ago Volume Movement Letter9 days ago
9 days agoClarification sought from Happiest Minds Technologies Ltd9 days ago
9 days agoInvestor 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, 2025Announcement under Regulation 30 (LODR)-Investor PresentationMay 13, 2025
May 13, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 13, 2025
May 13, 2025Board Meeting Outcome for Outcome Of Board Meeting With Auditors Report And UDINMay 13, 2025
May 13, 2025Financial Results For The Quarter And Financial Year Ended March 31 2025May 12, 2025
May 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 01, 2025
May 01, 2025Board Meeting Intimation for Approval Of Financial Results For The Quarter And Financial Year Ended March 31 2025May 01, 2025
May 01, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationApr 30, 2025
Apr 30, 2025Communication To The Shareholders Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Apr 08, 2025
Apr 08, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 04, 2025
Apr 04, 2025Receipt Of Certified True Copy Of First Motion Order By Honble
NCLT Bengaluru BenchApr 01, 2025
Apr 01, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseApr 01, 2025
Apr 01, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMar 29, 2025
Mar 29, 2025Closure of Trading WindowMar 21, 2025
Mar 21, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On March 20 2025Mar 20, 2025
Mar 20, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMar 19, 2025
Mar 19, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMar 17, 2025
Mar 17, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMar 10, 2025
Mar 10, 2025Disclosure Under Regulation 29(2) Of SEBI (SAST) Regultions 2011Mar 08, 2025
Mar 08, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Mar 07, 2025
Mar 07, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMar 05, 2025
Mar 05, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseFeb 19, 2025
Feb 19, 2025Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Feb 14, 2025
Feb 14, 2025Disclosures Under Regulation 29(1) Of SEBI (SAST) Regulations 2011Feb 13, 2025
Feb 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 13, 2025
Feb 13, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptFeb 11, 2025
Feb 11, 2025Communication To Shareholders-Financial Results For The Quarter And Nine Months Ended December 31 2024Feb 07, 2025
Feb 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 07, 2025
Feb 07, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 06, 2025
Feb 06, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportFeb 06, 2025
Feb 06, 2025Audio Recording Of Earnings Call For The Quarter Ended December 31 2024Feb 05, 2025
Feb 05, 2025Statement Of Deviation/Variation In Utilization Of Funds Raised Through QIPFeb 04, 2025
Feb 04, 2025Announcement under Regulation 30 (LODR)-Scheme of ArrangementFeb 04, 2025
Feb 04, 2025Announcement under Regulation 30 (LODR)-Scheme of ArrangementFeb 04, 2025
Feb 04, 2025Integrated Filing (Financial)Feb 04, 2025
Feb 04, 2025Technical Indicators
RSI(14)
Neutral 62.89
ATR(14)
Volatile 19.91
STOCH(9,6)
Neutral 57.78
STOCH RSI(14)
Neutral 67.83
MACD(12,26)
Bullish 5.25
ADX(14)
Weak Trend 19.49
UO(9)
Bearish 57.20
ROC(12)
Uptrend And Accelerating 8.98
WillR(14)
Neutral -31.11
Mutual Fund Holdings
NJ Flexi Cap Fund Direct - Growth 
DSP Nifty Smallcap250 Quality 50 Index Fund Direct - Growth 
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth 
SBI Nifty Smallcap 250 Index Fund Direct - Growth 
Motilal Oswal Nifty Smallcap 250 Index Fund Direct - Growth 
HDFC Nifty Smallcap 250 Index Fund Direct-Growth 
Edelweiss Nifty Smallcap 250 Index Fund Direct - Growth 
Axis Nifty 500 Index Fund Direct-Growth 
ICICI Prudential Nifty Smallcap 250 Index Fund Direct - Growth 
Kotak Nifty Smallcap 250 Index Fund Direct-Growth 
Groww Nifty Smallcap 250 Index Fund Direct - Growth 
Navi Nifty 500 Multicap 50:25:25 Index Fund Direct-Growth 
Angel One Nifty Total Market Index Fund Direct - Growth 
Mirae Asset Nifty Total Market Index Fund Direct-Growth 
Bandhan Nifty Smallcap 250 Index Fund Direct-Growth 
PGIM India Retirement 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,
33 days)
Chairperson NameAshok Soota
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