Is Happiest Minds Technologies (HAPPSTMNDS) overvalued or fairly valued?

MarketChacha shows Happiest Minds Technologies's valuation in context — a forward P/E of about 17.5, a price-to-book of about 3.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Happiest Minds Technologies's revenue?

Happiest Minds Technologies reported revenue of ₹2,315 Cr for FY2026, with net profit of ₹213 Cr, per official filings.

What is the share price of Happiest Minds Technologies (HAPPSTMNDS)?

Happiest Minds Technologies last traded at ₹378.95 (-0.2% on the day), as of 7/21/2026 — a delayed quote shown for education, not investment advice.

Happiest Minds Technologies

HAPPSTMNDS · NSE · IT Services · India

₹378.95-0.2%

Delayed · as reported by Yahoo Finance · as of Jul 21, 2026, 5:37 AM

Snapshot

TickerHAPPSTMNDS

ExchangeNSE

SectorIT Services

IndustryInformation Technology Services

CountryIndia

Employees6,497

HeadquartersBengaluru, India

Market cap₹5,747 Cr

P/B3.4

Volume2L

Websitewww.happiestminds.com

Filings tracked0

About Happiest Minds Technologies

Happiest Minds Technologies Limited provides information technology (IT) solutions and services in India, the Americas, Australia, Europe, Asia, the Middle East, and Africa. It operates through three segments: Infrastructure Management and Security Services (IMSS); Product and Digital Engineering Services (PDES); and Generative AI Business Services (GBS). The IMSS segment provides integrated end-to-end infrastructure and security solutions comprising advisory, transformation, and managed operations; end-to-end gen AI-enabled solutions, such as infrastructure assessments and cloud migration, AI-powered threat detection, and continuous security monitoring; cloud and data center, databases and application platforms, digital workplace, enterprise networking, and IT services and operations management tools and platforms; strategy and consulting, and managed security; and identify security, cloud infrastructure protection, threat and vulnerability, and OT security solutions. The GBS segment offers consulting, engineering, testing, infrastructure management and support, and pre-built solutions/companions; and AI services, AI-powered applications, and customized generative AI models. The PDES segment provides business and IT consulting; marketing analytics; digital process automation for front, mid, and back-office operations; analytics and visualization; business-specific application development, maintenance, and support; intelligent test automation and engineering; and digital front door, healthcare enterprises connecting, healthcare data democratization and RWE, operational of DCT/digital trials, medical device engineering, cybersecurity in healthcare, core system modernization, and semantic interoperability services. This segment also offers product engineering, open-source stack, mobility, data analytics and business intelligence, accessibility, edtech compliance, integration, education CRM, Generative AI, digital process automation, cybersecurity, and personalized content services. The company was incorporated in 2011 and is headquartered in Bengaluru, India.

Profile as reported by Yahoo Finance.

Who owns it

Promoters46.1%
Institutions10.4%
Public & other43.5%

28 institutional holders

As reported by Yahoo Finance. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

Margin has compressed by about 7.0 points over the period — profitability is trending down.

Net margin trend16.2% → 9.2%

Margin has compressed by about 7.0 points over the period — profitability is trending down.

Growth qualityrev 17% · PAT -3%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next fiscal year

Rev ₹2,946 Cr · EPS 21.80

Est. earnings growth +16.4%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

₹330.2052-wk range₹646.10

Delayed · as reported by Yahoo Finance

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 4

Market cap

₹5,747 Cr

Day change

-0.2%

Fwd P/E

17.5

P/B

3.4

Div yield

1.92%

Beta

-0.08

Revenue (FY2026)

₹2,315 Cr

Net margin

9.2%

Revenue CAGR (3y)

+17.4%

Profit CAGR (3y)

-2.7%

Net profit (FY2026)

₹213 Cr

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

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Financials

Yearly

Period	Revenue	Net profit	Net margin
FY2026	₹2,315 Cr	₹213 Cr	9.2%
FY2025	₹2,061 Cr	₹185 Cr	9.0%
FY2024	₹1,625 Cr	₹248 Cr	15.3%
FY2023	₹1,429 Cr	₹231 Cr	16.2%

Quarterly

Period	Revenue	Net profit	Net margin
2026Q1	₹604 Cr	₹61 Cr	10.1%
2025Q4	₹588 Cr	₹40 Cr	6.9%
2025Q3	₹574 Cr	₹54 Cr	9.4%
2025Q2	₹550 Cr	₹57 Cr	10.4%

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.