H

Happiest Minds Technologies Limited

HAPPSTMNDSNSE
Market snapshot · 2026-08-11 14:14 UTC

394.35

₹-7.45 (-1.85%)

MARKET CAP

₹5.93K Cr

STOCK P/E

27.0x

52W HIGH

₹635.00

52W LOW

₹330.20

BOOK VALUE

₹117.93

EPS

₹14.59

ROE

13.32%

SECTOR

Information Technology

DEBT/EQUITY

98.71

VOLUME

6.46L

P/B RATIO

3.34x

PEG RATIO

1.50

Sector

Information Technology

Themes

IT Services & ConsultingAiCloud Computing
D
Dividend
E
Earnings
₹582.99₹520.81₹458.63₹396.45₹334.27VolumeEDEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for HAPPSTMNDS.

7.00 analysts

Price Forecast

Current
₹394.35
High Target
₹600.00
▲ +52.1%
Median Target
₹431.00
▲ +9.3%
Low Target
₹396.00
▲ +0.4%
Now₹394.35High ₹600.00Median ₹431.00Low ₹396.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
7 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹304.93 - ₹481.7480%
6M₹269.58 - ₹514.7280%
12M₹222.72 - ₹555.8980%
Realized vol: +35.7% · Drift: -5.0%

Revenue Forecast

₹ Cr
Jun '26Current₹561.0
Sep 2026 ETrend estimate range
High₹559.4Base₹518.0Low₹476.5
Sep '25: ₹430.0 · Dec '25: ₹433.0 · Mar '26: ₹543.0 · Jun '26: ₹561.0 · Sep '26: ₹518.0 · Dec '26: ₹521.6
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E430.0433.0543.0561.0518.0521.6
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹3.74
Sep 2026 ETrend estimate range
High₹4.34Base₹3.87Low₹3.41
Sep '25: ₹3.69 · Dec '25: ₹0.92 · Mar '26: ₹3.26 · Jun '26: ₹3.74 · Sep '26: ₹3.87 · Dec '26: ₹0.97
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E3.690.923.263.743.870.97
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
73%
Analyst Consensus
Weakening

From 7 analysts

Mean upside+13.9%

Fundamentals

Moderate

Fundamentals institutional score is 63 using EVA spread proxy 1.3%; growth durability 68.7.

Valuation

Attractive relative to peers

Valuation institutional score is 98 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 60 using mean target upside 13.9%; dispersion penalty 18.2; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 75 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Unavailable

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%.

Fundamentals ModerateValuation Attractive relative to peersAnalyst Consensus NeutralTechnical Structure Strong Trend

Key Data Points

Mean Target Price449.3 target
Mean Upside+13.9%
Technical Score75%
Fundamental Score63%
Data CoverageHigh

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).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

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%

P/E
Strongly Undervalued

5Y Average

52.01

Current

27.27

Overvalued

54.66

Undervalued

33.82

P/S
Strongly Undervalued

5Y Average

4.76

Current

2.50

Overvalued

5.64

Undervalued

3.67

EV/EBITDA
Strongly Undervalued

5Y Average

28.57

Current

14.98

Overvalued

33.81

Undervalued

21.99

Peers & Comparison

Sector: Information Technology · Theme: IT Services & Consulting

IT Services & Consulting Peers4 peers
Avg P/E: 52.5x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
KPIT TECHNOLOGIES LIMITED
KPITTECHIT Services & Consulting
+8.9%8.8%
29.6x
Undervalued
-44% vs avg
-48.3%
LATENT VIEW ANALYTICS LTD
LATENTVIEWIT Services & Consulting
+21.5%17.5%
31.2x
Undervalued
-41% vs avg
-25.1%
NETWEB TECH INDIA LTD
NETWEBIT Services & Consulting
+172.1%9.6%
106.2x
Premium
+102% vs avg
+128.3%
FRACTAL ANALYTICS LIMITED
FRACTALIT Services & Consulting
+20.0%9.5%
43.1x
Undervalued
-18% vs avg
-3.5%
WHY THESE PEERS

HAPPIEST MINDS TECHNO LTD trades at a discount (27.1x vs peer avg 52.5x), suggesting potential undervaluation relative to the It Services & Consulting cohort. Peers include KPIT TECHNOLOGIES LIMITED, LATENT VIEW ANALYTICS LTD, NETWEB TECH INDIA LTD — 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 2026

Latest net profit

₹57 CrJun 2026

Latest EPS

₹3.74Jun 2026

Net margin

18.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%5.0%10.0%15.0%20.0%0.00 Cr150 Cr300 Cr450 Cr600 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr150 Cr300 Cr450 Cr600 Cr₹0₹1₹2₹3₹4
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr150 Cr300 Cr450 Cr600 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr850 Cr1.70K Cr2.55K Cr3.40K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +357370371375372403404388491430433543561
Expenses +276298302308312334341353409363372451461
Operating Profit817268686069623582686092100
OPM %23%19%18%18%16%17%15%9%17%16%14%17%18%
Other Income +14225126262722383039-51524
Interest10111110182524242324232027
Depreciation899991313131913131920
Profit before tax78749974605847376970206876
Tax %26%26%20%27%27%26%27%17%26%19%28%27%25%
Net Profit +57558054444334305156145057
EPS in Rs3.913.585.243.542.882.822.262.003.363.690.923.263.74
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +44.22%44.21%44.21%44.21%44.21%
FIIs +5.33%5.39%5.89%5.94%6.00%
DIIs +10.57%10.20%9.62%8.99%5.66%
Public +38.48%38.83%38.94%39.53%42.89%
Others1.40%1.37%1.34%1.33%1.24%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Transcript Of The 15Th Annual General Meeting Held On July 28, 2026

Aug 04, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Jul 30, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Jul 30, 2026PDFCompany Reports Open

Communication To Shareholders - Financial Results For The Quarter Ended June 30, 2026

Jul 29, 2026PDFCompany Reports Open