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Home › Company Intelligence › Happiest Minds Technologies Limited (HAPPSTMNDS)
NSE: HAPPSTMNDS MID_CAP Diversified REPORTED STATUTORY SOURCE • Data as of FY25 FRESH

Happiest Minds Technologies Limited

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY25 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR • Last Checked: 14 Oct 2026
FY25 Revenue ₹1,120 Cr
FY25 Net Profit ₹111 Cr
Reported EPS ₹7.36
Operating Margin 6.85%
Return on Equity 24.6%
ROCE 19.9%
Debt / Equity 0.46x
Net Profit Margin 9.89%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q2 FY27): Reported quarterly statutory revenue of ₹610.18 Cr with net profit of ₹57.54 Cr (EPS: ₹3.82).

Exchange Disclosure (2026-11-03): General Updates —

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for Happiest Minds Technologies Limited under Diversified.

Official listing profile for Happiest Minds Technologies Limited under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Fragile (37/100)
37 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 0 / 20
Profitability & Margins 14 / 20
Solvency & Capital Structure 9 / 20
Cash Flow Quality 4 / 20
Capital Allocation & Valuation 10 / 20
Key Strengths
  • + Superior Return on Equity (24.6%)
  • + Conservative leverage profile (D/E 0.46)
  • + Consistently positive operating cash flows across 3+ fiscal periods
  • + Healthy capital allocation (ROCE 19.9%)
Key Vigilance Points & Risks
  • − YoY revenue contraction (-31.1%)
  • − Net profit decline observed YoY (-55.3%)
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FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS • REPORTED EXCHANGE DATA
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹2k₹1k₹1k₹0k₹0kRevenue: ₹1,235 CrNet Profit: ₹179 CrFY22Revenue: ₹1,430 CrNet Profit: ₹211 CrFY23Revenue: ₹1,625 CrNet Profit: ₹248 CrFY24Revenue: ₹1,120 CrNet Profit: ₹111 CrFY25RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Dec 2024 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR
Annual Metric (₹ Cr)FY22
Mar 2022
FY23
Mar 2023
FY24
Mar 2024
FY25
Dec 2024
Sales / Revenue from Operations₹1,235₹1,430₹1,625₹1,120
Operating Profit (EBITDA)₹198₹243₹293₹77
Operating Profit Margin (OPM %)16.00%17.00%18.00%6.85%
Finance Costs / InterestN/AN/AN/AN/A
Depreciation & AmortizationN/AN/AN/AN/A
Profit Before Tax (PBT)₹238₹280₹330₹151
Net Profit (PAT)₹179₹211₹248₹111
Net Profit Margin (NPM %)6.00%6.20%6.50%9.89%
Basic / Diluted EPS (₹)₹11.88₹14.03₹16.50₹7.36
Cash from Operations (CFO)₹138₹175₹219N/A
Free Cash Flow (FCF)₹83₹102₹121N/A
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Sep 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q2 FY25
Sep 2024
Q3 FY25
Dec 2024
Q1 FY26
Jun 2025
Q2 FY26
Sep 2025
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Q2 FY27
Sep 2026
Sales / Revenue₹375₹373₹431₹469₹448₹549₹584₹610
Operating Profit (EBITDA)₹26₹17₹55₹70₹20₹126₹76₹78
OPM %6.89%4.62%12.76%14.86%4.37%22.95%13.06%12.77%
Profit Before Tax (PBT)₹52₹39₹55₹70₹20₹126₹76₹78
Net Profit (PAT)₹38₹29₹41₹56₹14₹113₹57₹58
NPM %10.21%7.69%9.41%11.98%3.13%20.65%9.73%9.43%
Basic / Diluted EPS (₹)₹2.54₹1.91₹2.70₹3.74₹0.93₹7.53₹3.78₹3.82
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Exchange Reported
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY22FY23FY24FY25
Reserves & SurplusN/AN/AN/AN/A
Net Worth (Shareholders' Funds)₹827₹907₹1,008N/A
Total Borrowings & Debt₹416₹439₹462N/A
Total Balance Sheet Assets₹1,722₹1,890₹2,100N/A
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY22FY23FY24FY25
Cash Flow from Operating Activities (CFO)₹138₹175₹219N/A
Cash Flow from Investing Activities (CFI)₹-55₹-74₹-99N/A
Cash Flow from Financing Activities (CFF)₹-55₹-67₹-77N/A
Free Cash Flow / Net Cash Flow₹83₹102₹121N/A
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY22FY23FY24FY25
Operating Profit Margin (OPM)16.00%17.00%18.00%6.85%
Net Profit Margin (NPM)6.00%6.20%6.50%9.89%
Return on Equity (ROE)21.61%23.24%24.60%N/A
Return on Capital Employed (ROCE)15.90%18.06%19.90%N/A
Return on Assets (ROA)10.37%11.15%11.81%N/A
Debt to Equity Ratio0.50x0.48x0.46xN/A
Interest Coverage RatioN/AN/AN/AN/A
CFO to Net Profit Conversion0.77x0.83x0.88xN/A
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 44.21%
FII: N/A
DII: N/A
Public: 54.57%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategorySep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025QoQ Shift
Promoter Holding44.21%44.21%44.21%44.21%44.21%44.21%0.00%
Foreign Institutional (FII)N/A6.00%N/AN/AN/AN/A—
Domestic Institutional (DII / MFs)N/A5.66%N/AN/AN/AN/A—
Public & Retail54.57%42.89%54.47%54.45%54.43%54.39%+11.68%
Promoter Pledged Shares0.00%0.00%0.00%0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
Executive
Ashok Soota
Managing Director & CEO

Executive
Venkatraman Narayanan
Chief Financial Officer

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid ₹3.05
LTM Total Dividend ₹47.40
Dividends Recorded 10 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
DIVIDEND2026-11-06N/A₹3.05Interim Dividend - Rs 3.05 Per Share
DIVIDEND2026-09-152026-09-15₹2.00Final Dividend - Rs. - 2.0000
DIVIDEND2026-09-152026-09-15₹7.00Final Dividend - Rs. - 7.0000
DIVIDEND2026-09-152026-09-15₹0.50Final Dividend - Rs. - 0.5000
DIVIDEND2026-09-152026-09-15₹5.00Final Dividend - Rs. - 5.0000
DIVIDEND2026-09-152026-09-15₹0.55Final Dividend - Rs. - 0.5500
DIVIDEND2026-09-152026-09-15₹25.00Final Dividend - Rs. - 25.0000
DIVIDEND2026-09-152026-09-15₹3.00Final Dividend - Rs. - 3.0000
CORPORATE_ACTION2026-09-152026-09-15N/ARight Issue of Equity Shares
DIVIDEND2026-09-152026-09-15₹1.00Final Dividend - Rs. - 1.0000
DIVIDEND2026-09-152026-09-15₹0.30Final Dividend - Rs. - 0.3000
DIVIDEND2026-07-17N/A₹3.65Dividend - Rs 3.65 Per Share
DIVIDEND2025-11-04N/A₹2.75Interim Dividend - Rs 2.75 Per Share
DIVIDEND2025-07-18N/A₹3.50Dividend - Rs 3.50 Per Share
DIVIDEND2024-11-27N/A₹2.50Interim Dividend - Rs 2.50 Per Sh
REGULATORY FILINGS & EXCHANGE DISCLOSURES
General Updates 03 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
General Updates

Outcome of Board Meeting 02 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Outcome of Board Meeting

Press Release 02 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Press Release

General Updates 02 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
General Updates

Record Date 02 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Record Date

Dividend 02 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Dividend

Analysts/Institutional Investor Meet/Con. Call Updates 27 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL 08 Oct 2026, 06:27 PM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Happiest Minds Technologies Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Happiest Minds Technologies Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-11-06 DIVIDEND • NSE_OFFICIAL_API
Dividend: ₹3.05 per share

Interim Dividend - Rs 3.05 Per Share

2026-11-03 General Updates • NSE_OFFICIAL_API
General Updates

2026-11-02 Dividend • NSE_OFFICIAL_API
Dividend

2026-11-02 General Updates • NSE_OFFICIAL_API
General Updates

2026-11-02 Outcome of Board Meeting • NSE_OFFICIAL_API
Outcome of Board Meeting

2026-11-02 Press Release • NSE_OFFICIAL_API
Press Release

2026-11-02 Record Date • NSE_OFFICIAL_API
Record Date

2026-10-27 Analysts/Institutional Investor Meet/Con. Call Updates • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

2026-10-08 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-08 CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Happiest Minds Technologies Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Happiest Minds Technologies Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-06 Copy of Newspaper Publication • NSE_OFFICIAL_API
Copy of Newspaper Publication

2026-10-06 COPY OF NEWSPAPER PUBLICATION • NSE_OFFICIAL_API
Copy of Newspaper Publication — Happiest Minds Technologies Limited has informed the Exchange about Copy of Newspaper Publication

Happiest Minds Technologies Limited has informed the Exchange about Copy of Newspaper Publication

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
BSE Official Filings (543227) ↗ NSE Official Quote (HAPPSTMNDS) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 03 Nov 2026, 20:04 VERIFIED 13388e3b3279...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 31 Oct 2026, 20:50 VERIFIED d987ec2b2266...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 28 Oct 2026, 15:32 VERIFIED d987ec2b2266...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 26 Oct 2026, 03:45 VERIFIED bfbff93906c3...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 22 Oct 2026, 12:47 VERIFIED 1b80d7391b69...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 17 Oct 2026, 22:45 VERIFIED 1b80d7391b69...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 13 Oct 2026, 13:45 VERIFIED 396574226148...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.