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Change
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Day Open
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Day High
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Day Low
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NSE Close — 25 Sep 2026
₹310.5
Change
-1.1 (-0.35%)
Open
₹311.6
Prev. Close
₹311.6
Day High
₹311.95
Day Low
₹308.2
Volume Analysis
Traded
413,053
Delivered
180,354
Delivery %
43.66%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (0)
No signal for this stock
Weaknesses (2)
- •Trading within 3% of its 52-week low (₹305.0)
- •Promoter holding is falling
Opportunities (2)
- •Strong 3-year revenue growth (17.5%)
- •FII holding has been rising
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹315.99 | ₹313.97 | ₹312.24 | ₹310.22 | ₹308.49 | ₹306.47 | ₹304.74 |
| Fibonacci | ₹313.97 | ₹312.54 | ₹311.65 | ₹310.22 | ₹308.79 | ₹307.9 | ₹306.47 |
| Camarilla | ₹311.53 | ₹311.19 | ₹310.84 | ₹310.22 | ₹310.16 | ₹309.81 | ₹309.47 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
-31.9%
1 Week
-2.3%
1 Month
-23.9%
3 Months
-8.96%
6 Months
-20.94%
1 Year
-42.11%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹186.72
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
12.83%
Net margin 9.31% × asset turnover 0.65x × equity multiplier 2.12x
Company Overview
Sector
Information Technology
Market Cap
₹4,793 Cr
P/E (TTM)
20.5
ROE
13.8%
Book Value
₹111.0
Face Value
₹2.0
Source: Screener.in (Consolidated figures) — data as of 24 Sep 2026. Not investment advice.
TopFund Analysis
Happiest Minds Techno Ltd lands in the middle of the pack on TopFund's composite fundamentals check within the Information Technology sector, at 57/100. The strongest factor is Corporate Governance (76/100), while Momentum (4/100) is the weakest area to weigh before deciding. Notably: Trading within 3% of its 52-week low (₹305.0); promoter holding is falling. Strong 3-year revenue growth (17.5%).
TopFund Score — Fundamentals Quality
57/100 — AverageData confidence: 79/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company has been maintaining a healthy dividend payout of 42.5%
- −Promoter holding has decreased over last 3 years: -9.03%
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Trading window closed from October 1, 2026 until 48 hours after Q2 FY2026 results.
Newspaper Publication of Postal Ballot Notice, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
Postal ballot opens Sept 3–Oct 2, 2026 to approve shifting registered office to West Bengal amid ITC Infotech amalgamation.
Audio recording of the September 1, 2026 analyst call uploaded on company website.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| 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 + | 391 | 407 | 410 | 417 | 464 | 522 | 531 | 545 | 550 | 574 | 588 | 604 | 629 |
| Expenses + | 302 | 324 | 329 | 334 | 379 | 430 | 437 | 461 | 456 | 475 | 480 | 500 | 511 |
| Operating Profit | 89 | 83 | 81 | 83 | 85 | 92 | 94 | 84 | 94 | 99 | 107 | 104 | 118 |
| OPM % | 23.0% | 20.0% | 20.0% | 20.0% | 18.0% | 18.0% | 18.0% | 15.0% | 17.0% | 17.0% | 18.0% | 17.0% | 19.0% |
| Other Income + | 14 | 22 | 25 | 38 | 25 | 27 | 23 | 14 | 30 | 22 | -6 | 21 | 24 |
| Interest | 10 | 11 | 11 | 10 | 20 | 28 | 27 | 25 | 25 | 25 | 25 | 23 | 28 |
| Depreciation | 14 | 15 | 15 | 15 | 22 | 23 | 21 | 23 | 22 | 22 | 22 | 22 | 23 |
| Profit before tax | 79 | 79 | 81 | 96 | 68 | 68 | 69 | 50 | 77 | 73 | 54 | 80 | 90 |
| Tax % | 26.0% | 26.0% | 26.0% | 25.0% | 25.0% | 27.0% | 27.0% | 33.0% | 26.0% | 26.0% | 26.0% | 24.0% | 25.0% |
| Net Profit + | 58 | 58 | 60 | 72 | 51 | 50 | 50 | 34 | 57 | 54 | 40 | 61 | 68 |
| EPS in Rs | 4 | 4 | 4 | 5 | 3 | 3 | 3 | 2 | 4 | 4 | 3 | 4 | 4 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 590 | 698 | 773 | 1,094 | 1,429 | 1,625 | 2,061 | 2,315 | 2,394 |
| Expenses + | 535 | 601 | 582 | 836 | 1,070 | 1,289 | 1,706 | 1,912 | 1,967 |
| Operating Profit | 55 | 97 | 191 | 258 | 359 | 336 | 354 | 403 | 427 |
| OPM % | 9.0% | 14.0% | 25.0% | 24.0% | 25.0% | 21.0% | 17.0% | 17.0% | 18.0% |
| Other Income + | -1 | 5 | 24 | 31 | 15 | 99 | 89 | 66 | 60 |
| Interest | 16 | 8 | 7 | 10 | 22 | 42 | 99 | 97 | 101 |
| Depreciation | 25 | 20 | 23 | 33 | 42 | 58 | 89 | 88 | 88 |
| Profit before tax | 13 | 74 | 186 | 246 | 310 | 335 | 255 | 284 | 298 |
| Tax % | -9.0% | 3.0% | 13.0% | 26.0% | 25.0% | 26.0% | 28.0% | 25.0% | — |
| Net Profit + | 14 | 72 | 162 | 181 | 231 | 248 | 185 | 213 | 223 |
| EPS in Rs | 4 | 15 | 11 | 12 | 16 | 16 | 12 | 14 | 15 |
| Dividend Payout % | 0.0% | 0.0% | 26.0% | 30.0% | 34.0% | 35.0% | 49.0% | 44.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Reserves | -94 | 220 | 518 | 637 | 810 | 1,450 | 1,545 | 1,659 |
| Borrowings + | 144 | 150 | 193 | 250 | 534 | 512 | 1,244 | 1,494 |
| Other Liabilities + | 358 | 129 | 176 | 205 | 256 | 242 | 505 | 402 |
| Total Liabilities | 414 | 508 | 915 | 1,120 | 1,628 | 2,235 | 3,323 | 3,586 |
| Fixed Assets + | 61 | 38 | 128 | 158 | 432 | 413 | 1,211 | 1,172 |
| CWIP | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 2 |
| Investments | 98 | 83 | 391 | 472 | 13 | 0 | 350 | 504 |
| Other Assets + | 254 | 387 | 395 | 491 | 1,181 | 1,822 | 1,761 | 1,909 |
| Total Assets | 414 | 508 | 915 | 1,120 | 1,628 | 2,235 | 3,323 | 3,586 |
| Equity Capital | 6 | 9 | 28 | 29 | 29 | 30 | 30 | 30 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 58 | 112 | 144 | 168 | 207 | 213 | 236 | 261 |
| Cash from Investing Activity + | 1 | -72 | -271 | -96 | -348 | -537 | -731 | -117 |
| Cash from Financing Activity + | -59 | -13 | 169 | -91 | 72 | 363 | 499 | -144 |
| Net Cash Flow | 0 | 27 | 42 | -19 | -68 | 39 | 4 | 1 |
| CFO/OP | 111 | 122 | 94 | 86 | 82 | 94 | 95 | 89 |
| Free Cash Flow | 57 | 112 | 143 | 164 | 68 | 202 | 225 | 255 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Others | 2.15% | 2.1% | 1.92% | 1.79% | 1.65% | 1.52% | 1.46% | 1.4% | 1.36% | 1.34% | 1.32% | 1.24% |
| Public | 38.94% | 40.2% | 40.58% | 45.82% | 44.61% | 42.83% | 38.7% | 38.48% | 38.83% | 38.94% | 39.53% | 42.89% |
| Promoters | 51.35% | 50.24% | 50.24% | 44.23% | 44.23% | 44.23% | 44.22% | 44.22% | 44.21% | 44.21% | 44.21% | 44.21% |
| FII | 5.14% | 5.05% | 4.69% | 5.31% | 5.33% | 5.34% | 5.04% | 5.33% | 5.39% | 5.89% | 5.94% | 6.0% |
| DII | 2.43% | 2.41% | 2.57% | 2.85% | 4.18% | 6.08% | 10.58% | 10.57% | 10.2% | 9.62% | 8.99% | 5.66% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Information Technology — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Happiest Minds Techno Ltd (this stock) | 4,793 | 20.5 | 2.84 | 13.8% |
| Mastek Ltd | 4,908 | 11.2 | 1.64 | 15.3% |
| Datamatics Global Ser Ltd | 4,668 | 18.4 | 3.03 | 16.0% |
| Latent View Analytics Ltd | 5,045 | 25.8 | 2.88 | 11.9% |
| C.e. Info Systems Limited | 5,062 | 36.7 | 5.6 | 12.0% |
| Capillary Techno India L | 4,344 | 84.8 | 4.23 | 2.95% |
| Emudhra Limited | 5,282 | 45.9 | 5.8 | 12.6% |
Which Mutual Funds Hold Happiest Minds Techno Ltd?
Frequently Asked Questions about Happiest Minds Techno Ltd
Happiest Minds Techno Ltd (HAPPSTMNDS) closed at ₹310.5 on NSE on 25 September 2026, down 1.1 (0.35%) from the previous close.
Happiest Minds Techno Ltd trades on the NSE (National Stock Exchange of India) under the symbol HAPPSTMNDS.
Happiest Minds Techno Ltd has a trailing twelve-month P/E (price-to-earnings) ratio of 20.5.
Happiest Minds Techno Ltd has a dividend yield of 2.06%.
Happiest Minds Techno Ltd's 52-week high is ₹555.0 and its 52-week low is ₹305.0.
Happiest Minds Techno Ltd has a market capitalisation of ₹4,793 crore.
Happiest Minds Techno Ltd has a TopFund Quality Score of 57/100 (Average), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
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