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Happiest Minds Technologies Limited (NSE:HAPPSTMNDS)
India flag India · Delayed Price · Currency is INR
312.60
-4.80 (-1.51%)
Nov 6, 2026, 11:00 AM IST

NSE:HAPPSTMNDS Financials Overview

Millions INR. Fiscal year is Apr - Mar.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Revenue
24,58223,15120,60816,24714,29310,937
Revenue Growth
11.79%12.34%26.85%13.67%30.69%41.41%
Gross Profit
8,1207,4406,8766,0116,1654,699
Operating Income
3,5253,1522,6572,7763,1702,248
Net Income
2,3132,1261,8472,4842,3101,812
Earnings Per Share
15.3314.1112.2616.7316.0112.55
EPS Growth
18.29%15.09%-26.72%4.50%27.57%9.61%

Revenue by Segment
Chart
Fiscal Year
FY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingMar '26 Mar '25 Mar '24 Mar '23 Mar '22
Infrastructure Management & Security Services (IMSS)
3,8913,2832,9753,0692,417
Product and Digital Engineering Service (pdes)
18,47416,96913,272--
Generative Ai Business Services (gbs)
786.6356.2---
Total
23,15120,60816,24714,29310,937

Cash & Debt
Chart
Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Cash & Investments
16,5278,9426,68312,3055,3546,222
Total Debt
16,65815,03812,4975,1625,4082,498
Net Cash (Debt)
-130.5-6,096-5,8147,143-54.23,725
Net Cash Growth
-----18.63%
Net Cash Per Share
-0.87-40.45-38.6148.11-0.3825.79

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Operating Cash Flow
2,2012,6142,3642,1262,0721,681
Capital Expenditures
-112.8-29.1-76.6-82.3-1,311-6.7
Free Cash Flow
2,0882,5852,2882,043761.11,675
Free Cash Flow Growth
-3.78%13.00%11.96%168.47%-54.55%17.60%

Margins
Chart
Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Gross Margin
33.03%32.14%33.37%37.00%43.13%42.96%
Operating Margin
14.34%13.61%12.89%17.09%22.18%20.55%
Pretax Margin
12.55%12.28%12.40%20.60%21.68%22.48%
Profit Margin
9.41%9.18%8.96%15.29%16.16%16.57%
FCF Margin
8.49%11.17%11.10%12.58%5.33%15.31%

Dividends
Chart
Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingNov '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Dividend Per Share
6.4006.4006.0005.7505.4003.750
Dividend Per Share Growth
7.20%6.67%4.35%6.48%44.00%25.00%
Dividend Yield
2.05%1.77%1.01%0.78%0.70%0.36%

Valuation
Chart
Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingNov '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
PE Ratio
20.3925.4848.2644.5347.5582.98
Forward PE
15.7718.8531.6037.6841.6573.51
P/FCF Ratio
22.8420.9638.9654.14144.3289.80
PS Ratio
1.942.344.326.817.6913.75