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Happiest Minds Technologies Limited (HAPPSTMNDS.NS)
Bengaluru, IN
Happiest Minds Technologies Limited delivers information technology solutions and services across numerous international markets, including India, the United States, Canada, the United Kingdom, Australia, the Netherlands, Singapore, Malaysia, and the Middle East. The company's business activities are organized into three primary divisions: Infrastructure Management & Security Services (IMSS), Digital Business Solutions (DBS), and Product Engineering Services (PES). The IMSS segment encompasses a wide array of security services, such as cybersecurity, infrastructure protection, governance, risk, and compliance frameworks, data privacy, identity and access management, and threat and vulnerability monitoring. This segment also offers comprehensive infrastructure services, including data center and hybrid cloud solutions, modern workspace services, process automation, database and middleware management, and software-defined infrastructure. Furthermore, IMSS provides advisory, transformation, managed, and hosted services, alongside secure intelligence solutions. The DBS segment specializes in delivering enterprise applications and bespoke solutions. Its offerings span advisory services, design and architecture, custom application development, package implementation, rigorous testing, and continuous support for various IT initiatives. The PES segment focuses on empowering software product enterprises by helping them build innovative products and services that seamlessly integrate mobile, cloud computing, and social media technologies. Beyond these core segments, Happiest Minds also offers extensive Internet of Things (IoT) solutions. These include consulting for digital strategy, full lifecycle system integration on IoT platforms, IoT security, managed services, roadmap execution, and data-driven insights generation. Additionally, the company provides sophisticated analytics and artificial intelligence solutions, which encompass the deployment of advanced analytical techniques leveraging AI, machine learning, and statistical models, as well as the engineering of robust big data platforms. It also delivers digital process automation solutions, covering robotic process automation (RPA), intelligent business process management (iBPM), and cognitive automation powered by AI and machine learning models. Established in 2011, the company's headquarters are located in Bengaluru, India.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.40% | -0.58% | -0.96% | +2.70% | -25.93% | -19.74% | -37.84% | -59.86% | -57.41% | -0.39% | -0.39% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 3 | 0 |
| Buy | 5 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Information Technology Services: +10.1%+12.3% ★ Q1'26: +10.9% (vs Q1'25)
-
EPS growth Information Technology Services: +16.7%+15.1% Q1'26: +79.6% (vs Q1'25)
-
FCF margin FCF growth · Information Technology Services: +32.8%+8.5% Q1'26: +20.2% (vs Q1'25)
-
EBIT margin Information Technology Services: +9.0%+13.6% ★ Q1'26: +13.6% (vs Q1'25)
-
ROIC Information Technology Services: +9.5%+13.4% ★ Q1'26: +14.2% (vs Q1'25)
-
Share dilution Information Technology Services: +0.0%+0.0% Q1'26: +0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×3.69× Q1'26: 3.59× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 7 Rev. Ana. 4 EPS Ana. |
Mar 2027 1 Rev. Ana. 4 EPS Ana. |
Mar 2028 6 Rev. Ana. 3 EPS Ana. |
Mar 2029 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|
| Revenue |
7.73B
est: 7.60B (+1.8%)
|
10.94B
est: 10.83B (+1.0%)
|
14.29B
est: 13.57B (+5.4%)
|
16.25B
est: 16.98B (-4.3%)
|
20.61B
est: 20.70B (-0.5%)
|
23.21B
22.95B – 23.45B
+12.1% YoY
|
26.57B
25.48B – 27.37B
+14.5% YoY
|
30.10B
27.72B – 31.82B
+13.3% YoY
|
36.65B
35.14B – 37.74B
+21.8% YoY
|
| EBITDA |
2.15B
est: 1.95B (+10.5%)
|
2.87B
est: 2.78B (+3.3%)
|
3.73B
est: 3.48B (+7.0%)
|
4.33B
est: 4.00B (+8.2%)
|
4.44B
est: 4.88B (-9.2%)
|
5.48B
5.41B – 5.53B
+12.1% YoY
|
6.27B
6.01B – 6.46B
+14.5% YoY
|
7.10B
6.54B – 7.51B
+13.3% YoY
|
8.64B
8.29B – 8.90B
+21.8% YoY
|
| EBIT |
1.92B
est: 1.70B (+13.4%)
|
2.54B
est: 2.42B (+5.2%)
|
3.32B
est: 3.03B (+9.5%)
|
3.75B
est: 3.41B (+10.1%)
|
3.55B
est: 4.15B (-14.5%)
|
4.66B
4.60B – 4.70B
+12.1% YoY
|
5.33B
5.11B – 5.49B
+14.5% YoY
|
6.04B
5.56B – 6.38B
+13.3% YoY
|
7.35B
7.05B – 7.57B
+21.8% YoY
|
| Net Income |
1.62B
est: 1.80B (-9.7%)
|
1.81B
est: 1.92B (-5.8%)
|
2.31B
est: 2.48B (-6.8%)
|
2.48B
est: 2.41B (+3.0%)
|
1.85B
est: 2.06B (-10.5%)
|
2.33B
2.14B – 2.53B
+13.1% YoY
|
2.92B
2.63B – 3.22B
+25.1% YoY
|
3.52B
3.27B – 3.77B
+20.3% YoY
|
4.14B
3.92B – 4.31B
+17.9% YoY
|
| SGA |
26.70M
est: 88.81M (-69.9%)
|
124.20M
est: 126.57M (-1.9%)
|
173.10M
est: 158.60M (+9.1%)
|
195.20M
est: 186.75M (+4.5%)
|
402.30M
est: 227.75M (+76.6%)
|
255.38M
252.49M – 258.00M
+12.1% YoY
|
292.32M
280.27M – 301.07M
+14.5% YoY
|
331.08M
304.89M – 350.07M
+13.3% YoY
|
403.15M
386.53M – 415.22M
+21.8% YoY
|
| EPS |
11.75
est: 11.94 (-1.6%)
|
12.84
est: 12.77 (+0.5%)
|
16.13
est: 16.45 (-1.9%)
|
16.73
est: 16.07 (+4.1%)
|
12.26
est: 13.80 (-11.2%)
|
15.33
14.18 – 16.81
+11.1% YoY
|
19.34
17.43 – 21.35
+26.1% YoY
|
23.00
21.67 – 24.99
+18.9% YoY
|
27.50
26.03 – 28.57
+19.6% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-27 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-26 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-25 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-22 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-21 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-20 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-19 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-18 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-15 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-14 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-13 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-12 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-11 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-08 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-07 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-06 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-05 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-04 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-30 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-29 | B | 3/5 | 4/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-28 | B | 3/5 | 4/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-27 | B | 3/5 | 4/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-24 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-23 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-22 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-21 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-20 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-17 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-16 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Vanguard FTSE All-World ex-US Small-Cap ETF VSS | 0.01% | 1.31M | 0.06% |
| 2 | Vanguard FTSE Emerging Markets Shares ETF VGE.AX | 0.00% | 43.4K | 0.48% |
| 3 | Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO | 0.00% | 97.8K | 0.26% |
| 4 | Vanguard FTSE Emerging Markets ETF VWO | 0.00% | 4.83M | 0.06% |
| 5 | Vanguard ESG International Stock ETF VSGX | 0.00% | 87.3K | 0.10% |
| 6 | Vanguard Total International Stock ETF VXUS | 0.00% | 4.81M | 0.05% |
| 7 | Vanguard Total World Stock ETF VT | 0.00% | 338.3K | 0.06% |
| 8 | Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO | 0.00% | 7.8K | 0.22% |
| 9 | Vanguard All-Equity ETF Portfolio VEQT.TO | 0.00% | 23.4K | 0.22% |
| 10 | Vanguard Growth ETF Portfolio VGRO.TO | 0.00% | 12.6K | 0.22% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Joseph Vinod Anantharaju | Chief Executive Officer, Member of Executive Board & Executive Co-Chairman | 44M | male |
| Ashok Soota | Founder, Chief Mentor & Executive Chairman | 18M | male |
| Venkatraman Narayanan | MD, Executive Director & Member of Executive Board | 17M | male |
| Praveen Kumar Darshankar | Head of Legal, Company Secretary and Compliance Officer | 6M | male |
| Sachin Khurana | Chief People Officer | — | male |
| Sajith S. Kumar | Chief Information Officer | — | male |
| Ram Mohan Chaluvaiya | Member of Executive Board, Chief Executive Officer of Infrastructure Management and Security Services | — | male |
| Priyanka Sharma | Head of Investor Relations | — | female |
| Anand Balakrishnan | Chief Financial Officer | — | male |
| Ritesh Gupta | Chief Technology Officer | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for HAPPSTMNDS.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
