Happiest Minds Technologies Limited (NSE:HAPPSTMNDS)

NSE:HAPPSTMNDS Ratios and Metrics

Market cap in millions INR. Fiscal year is April - March.

Total Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 5, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Market Capitalization	47,062	54,174	89,120	110,618	109,841	150,361
Market Cap Growth	-38.08%	-39.21%	-19.43%	0.71%	-26.95%	89.58%
Enterprise Value	47,193	42,291	74,439	104,549	109,316	146,942
Last Close Price	314.35	354.16	578.96	717.17	734.99	1006.98

Price Ratios

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 5, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	20.43	25.48	48.26	44.53	47.55	82.98
Forward PE	15.77	18.85	31.60	37.68	41.65	73.51
PS Ratio	1.94	2.34	4.32	6.81	7.69	13.75
PB Ratio	2.67	3.21	5.66	7.47	13.10	22.58
P/TBV Ratio	5.77	7.65	15.61	8.77	18.40	26.73
P/FCF Ratio	22.84	20.96	38.96	54.14	144.32	89.80
P/OCF Ratio	21.67	20.72	37.70	52.04	53.02	89.44
PEG Ratio	0.86	0.88	2.11	1.97	1.86	5.91

EV Ratios

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 5, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
EV/Sales Ratio	1.95	1.83	3.61	6.44	7.65	13.44
EV/EBITDA Ratio	11.80	11.54	23.42	34.47	33.15	63.00
EV/EBIT Ratio	13.57	13.42	28.01	37.67	34.49	65.37
EV/FCF Ratio	22.90	16.36	32.54	51.17	143.63	87.75

Financial Efficiency

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 5, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Debt / Equity Ratio	0.93	0.89	0.79	0.35	0.65	0.38
Debt / EBITDA Ratio	4.11	3.76	3.57	1.56	1.52	0.98
Debt / FCF Ratio	7.98	5.82	5.46	2.53	7.11	1.49
Net Debt / Equity Ratio	0.01	0.36	0.37	-0.48	0.01	-0.56
Net Debt / EBITDA Ratio	0.03	1.66	1.83	-2.35	0.02	-1.60
Net Debt / FCF Ratio	0.06	2.36	2.54	-3.50	0.07	-2.22
Asset Turnover	0.68	0.66	0.74	0.84	1.03	1.07
Quick Ratio	1.41	1.07	1.00	2.88	1.53	2.46
Current Ratio	1.66	1.48	1.66	3.14	1.86	2.54
Return on Equity (ROE)	13.54%	13.03%	12.09%	21.42%	30.70%	29.91%
Return on Assets (ROA)	6.10%	5.64%	5.92%	8.92%	14.32%	13.73%
Return on Invested Capital (ROIC)	15.72%	10.59%	13.15%	25.59%	41.54%	63.07%
Return on Capital Employed (ROCE)	14.80%	14.20%	12.40%	16.50%	29.80%	29.60%

Yields

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 5, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Earnings Yield	4.90%	3.92%	2.07%	2.25%	2.10%	1.21%
FCF Yield	4.38%	4.77%	2.57%	1.85%	0.69%	1.11%
Dividend Yield	2.04%	1.77%	1.01%	0.78%	0.70%	0.36%
Payout Ratio	41.53%	44.17%	46.51%	34.64%	24.74%	37.69%
Buyback Yield / Dilution	-0.15%	-0.08%	-1.41%	-2.92%	0.10%	-1.78%
Total Shareholder Return	1.86%	1.70%	-0.40%	-2.14%	0.81%	-1.42%

Data Source: S&P Global Market Intelligence Last updated: Nov 2, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 6, 2026

Data Sources Report a data error