HAPPSTMNDS · Happiest Minds Technologies Ltd · Software & Programming
HAPPSTMNDS · Happiest Minds Technologies Ltd · Software & Programming
As of 05 Nov close
52-week range
39.5% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹629 Cr
Revenue YoY
PAT YoY
+18.3%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
7.1
P/S (TTM)
2.1
Sector P/E
25.5
Dividend yield
+1.9%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| HAPPSTMNDS (this stock) | 23 | 7.1 | +9.3% | +13.2% | 0.88 | +1.9% |
| Tata Consultancy Services | 15.7 | 7.7 | +18.1% | +48.0% | 8.93 | +2.9% |
| Infosys | 13.5 | 6.1 | +16.4% | +33.2% | 0.1 | +4.6% |
| HCL Technologies | 16.7 | 7.4 | +13.0% | +23.2% | 0.07 | +5.0% |
Promoter
stable
FII
rising 3q
MF
4.42% (-2.58pp)
falling 3q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| HAPPSTMNDS | 2026-09-01 | 1542937 | 2 | STRONG | BULK |
| HAPPSTMNDS | 2026-08-27 | 830000 | 1 | STRONG | BULK |
News timeline
- lowbusiness-standard.com· 29 Sept 2026, 01:44 pmNifty IT cracks 11% in Sept; Infy, Wipro, Tata Elxsi trade at 52-week lows
- unknownlivemint.com· 02 Sept 2026, 02:35 pmHappiest Minds' CEO, MD rule out layoffs after merger announcement with ITC Infotech; says deal to boost talent pool
- loweconomictimes.indiatimes.com· 01 Sept 2026, 05:28 pmHappiest Minds rules out job cuts after merger with ITC Infotech
- mediumcorporate actionthehindubusinessline.com· 01 Sept 2026, 01:19 pmHappiest Minds shares fall after ITC Infotech merger plan
Concalls & investor presentations
AI-generatedKey takeaway: Happiest Minds Technologies Limited (HAPPSTMNDS) announced a proposed merger with ITC Infotech during an earnings call on September 1, 2026. The merger involves Happiest Minds shareholders receiving 25 shares of ITC Infotech for every 81 shares held, with ITC Limited acquiring 73.4% of the combined entity. Mr. Soota, the promoter, will divest 22.1% of his 44.2% stake in two tranches, totaling INR1,330 crores. Management projects the combined entity to achieve INR7,033 crores in FY26 revenue, ranking as the 11th largest IT services company in India. The merger aims to create a broader end-to-end IT services platform, leveraging complementary strengths in AI, digital engineering, and enterprise transformation. Management emphasized strategic alignment, cultural compatibility, and opportunities for cross-selling and operational synergies. Management expects the merger to be completed within 15 months, with listing on BSE and NSE anticipated in Q2/Q3 FY28. Management projects the combined entity's operating margin to reach 18.3% plus, with margin expansion through scale and efficiency gains. The transaction remains subject to regulatory approvals and shareholder votes.
The document emphasizes strategic alignment, growth opportunities, and operational synergies from the merger, reflecting a positive outlook.
Sourced from an exchange-filed transcript, dated 07 Sept 2026. Summary is RedixFi-generated and distinct from investment advice.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (1 item); Default / Covenant Breach (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
1 occurrenceRecent (last 12 months)
The company was fined ₹5,900 each by BSE Limited and National Stock Exchange of India Limited for delayed compliance with Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended September 2024.
Default / Covenant Breach
1 occurrenceEarlier (1-3 years ago)
The company has statutory dues in arrears for more than six months as of March 31, 2025, including disputes under the Goods and Service Tax act with amounts of 710 lakhs and 75 lakhs.
Routine disclosures
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has a contingent liability of ₹41,336 lakhs as of March 31, 2026, related to mutual fund investments with a lien marked.
Earlier (1-3 years ago)
The company has a contingent liability related to a loan to a subsidiary, with an interest accrued amount mentioned, and a related party transaction of ₹234 lakhs as of March 31, 2025.
The company has a contingent liability related to guarantees given, with amounts classified under margin money deposits securing term loans and other obligations.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company availed a loan of ₹1,250 lakhs (USD 1.46 million) from Happiest Minds Inc. during the previous financial year and repaid it in the current year. Additionally, the company provided a corporate guarantee of ₹7,586 Lakhs (USD 8 million) for a loan taken by Happiest Minds Inc.
Earlier (1-3 years ago)
The Company has a related party transaction with a Subsidiary Company involving purchase of services on a cost basis without any markup, which may not be at arm’s length.
The company has disclosed transactions with related parties, including sales of services to entities like Happiest Minds Inc., SKAN Research Trust, Ashok Soota Medical Research LLP, and Happiest Health Systems Private Limited as of March 31, 2024 and March 31, 2023.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
5.96% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).