Happiest Minds Technologies Ltd

About Happiest Minds Technologies Ltd

Happiest Minds Technologies Ltd. is a 'Born Digital. Born Agile.' global IT solutions company, delivering digital transformation services. It specializes in next-generation technologies like cloud, analytics, security, and IoT, serving diverse industries including retail, industrial, and healthcare with a focus on modern digital capabilities.

Key Financial Ratios

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Happiest Minds Technologies Ltd's P/E ratio (TTM) is 26.49, compared to the industry median of 18.32 and large cap median of 17.45.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Happiest Minds Technologies Ltd's P/B ratio is 3.51, compared to the industry median of 2.48 and large cap median of 2.01.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Happiest Minds Technologies Ltd's P/S ratio is 2.58, compared to the industry median of 2.21 and large cap median of 1.92.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Happiest Minds Technologies Ltd's PEG ratio is 2.10.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Happiest Minds Technologies Ltd's EV/EBITDA ratio is 11.66.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Happiest Minds Technologies Ltd's ROE is 12.61%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Happiest Minds Technologies Ltd's ROA is 11.12%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Happiest Minds Technologies Ltd's ROCE is 13%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Happiest Minds Technologies Ltd's operating margin is 17.41%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Happiest Minds Technologies Ltd's net margin is 9.20%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Happiest Minds Technologies Ltd's current ratio is 1.28.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Happiest Minds Technologies Ltd's debt-to-equity ratio is 0.25.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Happiest Minds Technologies Ltd's interest coverage ratio is 3.93.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Happiest Minds Technologies Ltd's DPS is ₹6.28.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Happiest Minds Technologies Ltd's EPS is 15.09.

(Source line: "Ratios as of 12 Aug 2026, based on last traded price of ₹390. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 2011
• Headquarters: Bengaluru, Karnataka
• Core Offerings: Digital Business Services, Product Engineering Services, Infrastructure & Security Services, Cloud Services, Analytics & AI
• Stock Listing: NSE (HAPPSTMNDS), BSE (543227)
• Promoter: Ashok Soota

History of Happiest Minds Technologies Ltd

Founded in 2011 by IT industry veteran Ashok Soota, Happiest Minds began with a clear focus on disruptive digital technologies. From its inception, the company aimed to offer advanced digital IT services. It achieved a significant milestone with its highly successful Initial Public Offering (IPO) in 2020. Since then, Happiest Minds has continued its growth trajectory, expanding its global footprint, enhancing its service offerings, and focusing on acquiring next-generation digital capabilities.

Business Segments and Revenue Mix

• Digital Business Services (DBS): Focuses on digital consulting, advisory, and implementation across areas like data analytics, cloud-native application development, CRM, and digital content management, driving business transformation for clients.
• Product Engineering Services (PES): Involves the full lifecycle development, modernization, and maintenance of software products and platforms for independent software vendors (ISVs) and enterprises, leveraging agile methodologies.
• Infrastructure and Security Services (ISS): Provides comprehensive services covering cloud infrastructure management, cyber security, digital workplace solutions, and managed services to ensure robust and secure IT operations.

Key Personnel

Ashok Soota - Executive Chairman: Founder of Happiest Minds Technologies, a veteran of the Indian IT industry, previously co-founded Mindtree and served as President of Wipro Infotech. Venkatraman Narayanan - Managing Director & CFO: Joined Happiest Minds in 2015, bringing extensive experience in finance and operations across the IT sector.

Subsidiaries and Associate Companies

• Happiest Minds Inc. (USA)
• Happiest Minds UK Ltd.
• Happiest Minds Pte Ltd. (Singapore)
• Happiest Minds Australia Pty Ltd.
• PureSoftware Technologies Private Limited (post-acquisition)

Corporate Actions

Acquisition of PureSoftware Technologies Private Limited (announced May 2024). No major recent bonus or rights issues on record.

References

1. Annual Report FY24
2. Exchange Filings (NSE/BSE)
3. Financial Results Announcement Q4 FY24 & FY24