AI Summary
✦ ClarthaHappiest Minds Technologies is an IT services company serving global clients through IMSS, PDES, and Generative AI Business Services. IMSS drives infrastructure, cloud, virtualization, mobility, and security engagements, while PDES provides platform, device, quality assurance, and experience engineering. GBS adds generative-AI-led business services to the portfolio. Revenue grew 12.3%, with no major recent development altering the growth or margin outlook. Profit growth of 15.1% exceeded revenue growth, while stable margins and 13.3% ROE indicate moderate operating quality. Debt/equity of 98.7x implies substantial leverage, which magnifies the effect of operating performance on ROE. At 27.5x earnings, valuation is fair relative to the sector, but not discounted against 12.3% growth. The key open question is whether GBS can raise growth and margins enough to offset leverage-related financial risk.
Price Forecast
Probabilistic Range
Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.
Revenue Forecast
₹ CrEPS Forecast
₹ / shareMulti-factor synthesis of 5 key dimensions
From 7 analysts
Fundamentals
Fundamentals institutional score is 63 using EVA spread proxy 1.3%; growth durability 68.7.
Valuation
Valuation institutional score is 98 using relative multiple z-scores where peer dispersion is available.
Analyst Consensus
Analyst View institutional score is 59 using mean target upside 12.9%; dispersion penalty 18.2; recommendation breadth from available consensus.
Technical Structure
Technicals institutional score is 72 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.
Market Sentiment
This data source has not been supplied for the decision payload.
Signal Summary
Market intelligence remains Neutral. valuation and technical structure provide support.
Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.
Key Data Points
Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.
Valuation Metrics
Trading 41.5% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.4). Confidence: 73%.
Live forward EPS implies next-12-month EPS of ₹21.63. Applying the stock's normalized valuation corridor produces a fair range of ₹731.53 to ₹1,182.30, with base value near ₹1,008.39 (+153.4% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹21.63
Forward P/E
18.4x
Base Fair Value
₹1,008.39
Fair Range
₹731.53 - ₹1,182.30
Upside To Base
+153.4%
Estimate Source
Live forward EPS
Growth Estimate
+18.2%
5Y Average
52.01
Current
27.27
Overvalued
54.66
Undervalued
33.82
5Y Average
4.76
Current
2.50
Overvalued
5.64
Undervalued
3.67
5Y Average
28.57
Current
14.98
Overvalued
33.81
Undervalued
21.99
Peers & Comparison
Sector: Information Technology · Theme: IT Services & Consulting
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
KPIT TECHNOLOGIES LIMITED KPITTECHIT Services & Consulting | +8.9% | 8.8% | 29.5x Undervalued | -44% vs avg | -48.3% |
LATENT VIEW ANALYTICS LTD LATENTVIEWIT Services & Consulting | +21.5% | 17.5% | 31.4x Undervalued | -40% vs avg | -23.5% |
FRACTAL ANALYTICS LIMITED FRACTALIT Services & Consulting | +20.0% | 9.5% | 42.1x Undervalued | -20% vs avg | -3.5% |
NETWEB TECH INDIA LTD NETWEBIT Services & Consulting | +172.1% | 9.6% | 106.7x Premium | +104% vs avg | +128.3% |
HAPPIEST MINDS TECHNO LTD trades at a discount (27.5x vs peer avg 52.4x), suggesting potential undervaluation relative to the It Services & Consulting cohort. Peers include KPIT TECHNOLOGIES LIMITED, LATENT VIEW ANALYTICS LTD, FRACTAL ANALYTICS LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹561 CrJun 2026Latest net profit
₹57 CrJun 2026Latest EPS
₹3.74Jun 2026Net margin
18.0%Jun 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Jun 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 357 | 370 | 371 | 375 | 372 | 403 | 404 | 388 | 491 | 430 | 433 | 543 | 561 |
| Expenses + | 276 | 298 | 302 | 308 | 312 | 334 | 341 | 353 | 409 | 363 | 372 | 451 | 461 |
| Operating Profit | 81 | 72 | 68 | 68 | 60 | 69 | 62 | 35 | 82 | 68 | 60 | 92 | 100 |
| OPM % | 23% | 19% | 18% | 18% | 16% | 17% | 15% | 9% | 17% | 16% | 14% | 17% | 18% |
| Other Income + | 14 | 22 | 51 | 26 | 26 | 27 | 22 | 38 | 30 | 39 | -5 | 15 | 24 |
| Interest | 10 | 11 | 11 | 10 | 18 | 25 | 24 | 24 | 23 | 24 | 23 | 20 | 27 |
| Depreciation | 8 | 9 | 9 | 9 | 9 | 13 | 13 | 13 | 19 | 13 | 13 | 19 | 20 |
| Profit before tax | 78 | 74 | 99 | 74 | 60 | 58 | 47 | 37 | 69 | 70 | 20 | 68 | 76 |
| Tax % | 26% | 26% | 20% | 27% | 27% | 26% | 27% | 17% | 26% | 19% | 28% | 27% | 25% |
| Net Profit + | 57 | 55 | 80 | 54 | 44 | 43 | 34 | 30 | 51 | 56 | 14 | 50 | 57 |
| EPS in Rs | 3.91 | 3.58 | 5.24 | 3.54 | 2.88 | 2.82 | 2.26 | 2.00 | 3.36 | 3.69 | 0.92 | 3.26 | 3.74 |
| Raw PDF |
All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).
Events Timeline
Transcript Of The 15Th Annual General Meeting Held On July 28, 2026
Announcement under Regulation 30 (LODR)-Earnings Call Transcript