Happiest Minds Peer Comparison
NSE: HAPPSTMNDS | BSE: 543227
₹317.40
As on 05-Nov-2026IST
Market cap
₹4,859 Cr
Revenue (TTM)
₹2,466 Cr
P/E Ratio
21
P/B Ratio
2.7
Div. Yield
2 %
| Happiest Minds | Tata Technologies | Honeywell Automat | Nazara Tech | eClerx Services | |
|---|---|---|---|---|---|
Market cap (₹ Cr) |
4,859 | 27,449 | 26,948 | 17,101 | 15,048 |
Revenue (₹ Cr) |
2,466 | 6,301 | 4,778 | 2,036 | 4,519 |
Net Profit (₹ Cr) |
231.26 | 528.13 | 565.30 | 133.85 | 726.30 |
Net Margin (%) |
9.09 | 8.21 | 11.40 | 6.31 | 15.72 |
RoE (%) |
14.26 | 15.24 | 12.59 | 0.38 | 26.52 |
Price to Earnings |
21.01 | 48.76 | 47.67 | 1,299.47 | 20.73 |
Price-To-Book |
2.72 | 7.16 | 5.78 | 3.75 | 5.16 |
Income Statement (₹ Cr)
| Happiest Minds | Tata Technologies | Honeywell Automat | Nazara Tech | eClerx Services | |
|---|---|---|---|---|---|
|
Operating Revenue
|
2,465.58 | 6,301.38 | 4,777.70 | 2,035.67 | 4,518.63 |
|
Total Income
|
2,543.16 | 6,432.23 | 4,959.10 | 2,120.19 | 4,620.32 |
|
Total Expenditure
|
2,015.80 | 5,315.69 | 4,117.80 | 1,756.34 | 3,409.67 |
|
EBITDA
|
449.78 | 985.69 | 659.90 | 279.33 | 1,108.96 |
|
Depreciation
|
89.93 | 183.72 | 55.40 | 226.49 | 201.39 |
|
EBIT
|
359.85 | 801.97 | 604.50 | 52.84 | 907.57 |
|
Interest
|
106.45 | 60.24 | 9.50 | 17.93 | 51.70 |
|
Other Income
|
77.58 | 130.85 | 181.40 | 84.52 | 101.69 |
|
Exceptional Items
|
-22.57 | -107.73 | -12.30 | -1.09 | 0.00 |
|
Profit before Tax
|
308.41 | 764.85 | 764.10 | 118.34 | 957.55 |
|
Provision for Tax
|
77.15 | 236.72 | 198.80 | -15.51 | 231.26 |
|
Profit after Tax
|
231.26 | 528.13 | 565.30 | 133.85 | 726.30 |
Liabilities (₹ Cr)
| Happiest Minds | Tata Technologies | Honeywell Automat | Nazara Tech | eClerx Services | |
|---|---|---|---|---|---|
|
Shareholder's Funds
|
1,789.12 | 3,832.59 | 4,663.30 | 3,831.56 | 2,915.17 |
|
Minority Interest
|
0.00 | 0.00 | 0.00 | -4.27 | -0.23 |
|
Non-Current Liabilities
|
587.26 | 1,259.79 | 106.20 | 311.58 | 503.10 |
|
Current Liabilities
|
1,475.67 | 3,478.25 | 1,554.00 | 3,077.93 | 640.42 |
|
Total Liabilities
|
3,585.70 | 8,860.15 | 8,292.30 | 4,342.42 | 3,690.64 |
Assets (₹ Cr)
| Happiest Minds | Tata Technologies | Honeywell Automat | Nazara Tech | eClerx Services | |
|---|---|---|---|---|---|
|
Non-Current Assets
|
1,137.47 | 2,422.06 | 204.10 | 5,824.79 | 887.09 |
|
Current Assets
|
2,445.97 | 5,133.34 | 5,921.60 | 1,298.36 | 2,648.82 |
|
Total Assets
|
3,585.70 | 8,860.15 | 8,292.30 | 4,342.42 | 3,690.64 |
|
Total Debt*
|
1,412.65 | 665.56 | 0.00 | 111.51 | 0.00 |
|
Net Current Assets
|
970.30 | 1,655.09 | 4,367.60 | -1,779.57 | 2,008.39 |
|
Contingent Liabilities
|
13.95 | 40.68 | 71.40 | 286.71 | 32.35 |
Cashflow (₹ Cr)
| Happiest Minds | Tata Technologies | Honeywell Automat | Nazara Tech | eClerx Services | |
|---|---|---|---|---|---|
|
Cash From Operating Activities
|
261.41 | 775.70 | 492.60 | 148.63 | 873.47 |
|
Cash Flow from Investing Activities
|
-121.29 | -870.92 | -2,963.70 | -542.48 | -140.82 |
|
Cash from Financing Activities
|
-143.72 | 15.63 | -116.10 | 360.88 | -621.57 |
|
Net Cash Inflow / Outflow
|
-3.60 | -79.59 | -2,587.20 | -32.97 | 111.08 |
Ratios
Profitability Ratios
| Happiest Minds | Tata Technologies | Honeywell Automat | Nazara Tech | eClerx Services | |
|---|---|---|---|---|---|
|
ROCE (%)
|
13.07 | 19.56 | 17.04 | 2.10 | 40.23 |
|
ROE (%)
|
14.26 | 15.24 | 12.59 | 0.38 | 26.52 |
|
ROA (%)
|
6.40 | 6.72 | 9.37 | 2.32 | 19.13 |
|
EBIT Margin (%)
|
14.59 | 12.73 | 12.65 | 2.60 | 20.09 |
|
Net Margin (%)
|
9.09 | 8.21 | 11.40 | 6.31 | 15.72 |
|
Cash Profit Margin (%)
|
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Growth Ratios
| Happiest Minds | Tata Technologies | Honeywell Automat | Nazara Tech | eClerx Services | |
|---|---|---|---|---|---|
|
Revenue Growth (%)
|
12.13 | 21.87 | 5.29 | -2.14 | 22.41 |
|
EBIT Growth (%)
|
27.44 | 6.71 | 16.14 | 470.03 | 19.11 |
|
Net Profit Growth (%)
|
18.44 | -22.23 | 9.53 | -52.82 | 18.15 |
|
EPS Growth (%)
|
21.89 | -14.84 | 11.29 | -95.59 | -24.68 |
|
Book Value Growth (%)
|
6.93 | 9.68 | 10.47 | 21.26 | 10.18 |
Valuation Ratios
| Happiest Minds | Tata Technologies | Honeywell Automat | Nazara Tech | eClerx Services | |
|---|---|---|---|---|---|
|
Price / Earnings
|
19.17 | 44.82 | 45.80 | 1,482.54 | 16.10 |
|
Price / Book Value
|
2.66 | 6.91 | 5.64 | 3.78 | 5.04 |
|
Dividend Yield (%)
|
2.05 | 1.79 | 0.37 | 0.00 | 0.06 |
|
EV/EBITDA
|
10.56 | 26.01 | 34.09 | 59.50 | 12.32 |
|
Market Cap (₹ Cr)
|
5,424.77 | 20,683.88 | 23,185.24 | 8,608.64 | 12,772.25 |
Solvency Ratios
| Happiest Minds | Tata Technologies | Honeywell Automat | Nazara Tech | eClerx Services | |
|---|---|---|---|---|---|
|
Debt to Equity
|
0.16 | 0.14 | 0.00 | 0.01 | 0.00 |
|
Short term debt to equity ratio
|
0.60 | 0.02 | -- | 0.02 | -- |
|
Current Ratio
|
1.66 | 1.48 | 3.81 | 0.42 | 4.14 |
|
Quick Ratio
|
1.66 | 1.48 | 3.64 | 0.42 | 4.14 |
|
Interest Coverage
|
3.90 | 13.70 | 81.43 | 7.60 | 19.52 |
Operating Efficiency Ratios
| Happiest Minds | Tata Technologies | Honeywell Automat | Nazara Tech | eClerx Services | |
|---|---|---|---|---|---|
|
Debtors to sales (%)
|
17.17 | 22.56 | 22.48 | 25.13 | 23.68 |
|
Asset Turnover
|
0.68 | 0.80 | 0.79 | 0.35 | 1.19 |
|
Receivable days
|
59.00 | 72.67 | 89.19 | 95.01 | 79.98 |
|
Inventory Days
|
0.00 | 0.00 | 17.70 | 0.59 | 0.04 |
|
Payable days
|
-- | 199.65 | 125.42 | 6,054.56 | -- |
|
Cash Conversion Cycle
|
-- | -126.98 | -18.52 | -5,958.95 | -- |