Happy Square Outsourcing Services Key Ratios
NSE: WHITEFORCE
₹40.05
₹-4.65
(-10.40%)
As on 01-Sep-2026 12:14IST
Market cap
₹52 Cr
Revenue (TTM)
₹109 Cr
P/E Ratio
8.7
P/B Ratio
1.2
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -- | -- | 12.06 | 27.48 | -- |
| EBIT | -- | -- | -27.96 | 33.51 | -- |
| Net Profit | -- | -- | 0.66 | 49.58 | -- |
| EPS | -- | -- | -27.03 | 34.38 | -- |
| Book Value | -- | -- | 144.50 | 142.48 | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | Mar-26 | Mar-25 | Mar-24 |
| EBIT-Margin
| 7.99 | -- | 5.85 | 9.10 | 9.04 |
| Net Margin
| 5.95 | -- | 5.45 | 6.09 | 6.32 |
| Return on equity
| 61.72 | -- | 21.93 | 62.40 | 100.82 |
| Return on Capital
| 36.17 | -- | 17.97 | 40.92 | 49.61 |
| Return on Assets
| 16.66 | -- | 11.87 | 17.50 | 20.62 |
| Debt to Equity (x)
| -- | -- | 0.17 | 1.17 | 1.67 |
Profitability
ROCE
17.97
Lower than Peers by 6.73
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
17.97
|
40.92
|
49.61
|
43.12
|
9.07
|
|
Peer Median
|
24.70
|
22.93
|
24.14
|
24.63
|
26.48
|
ROE
21.93
Higher than Peers by 2.66
Profit after tax / Average Net worth * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
21.93
|
62.40
|
100.82
|
143.47
|
69.82
|
|
Peer Median
|
19.28
|
18.98
|
19.11
|
19.49
|
21.52
|
ROA
11.87
Higher than Peers by 0.30
Profit after tax / Average Total assets * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
11.87
|
17.50
|
20.62
|
15.61
|
2.85
|
|
Peer Median
|
11.57
|
10.67
|
12.33
|
10.93
|
13.12
|
EBIT Margin
5.85
Lower than Peers by 8.69
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
5.85
|
9.10
|
9.04
|
5.09
|
1.29
|
|
Peer Median
|
14.54
|
13.02
|
12.56
|
11.68
|
11.34
|
Net Margin
5.45
Lower than Peers by 5.68
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
5.45
|
6.09
|
6.32
|
3.39
|
0.87
|
|
Peer Median
|
11.13
|
10.79
|
10.13
|
8.95
|
11.81
|
Cash Profit Margin
6.18
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
6.18
|
6.57
|
6.60
|
3.69
|
1.21
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
12.06
Lower than Peers by 6.89
Year on year growth in net sales
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
12.06
|
40.59
|
31.48
|
86.68
|
--
|
|
Peer Median
|
18.95
|
13.87
|
10.99
|
26.03
|
27.83
|
EBIT Growth
-27.96
Lower than Peers by 63.73
Year on year growth in operating profit (EBIT)
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
-27.96
|
41.52
|
133.39
|
634.46
|
--
|
|
Peer Median
|
35.78
|
23.06
|
6.95
|
29.78
|
46.65
|
Net Profit Growth
0.66
Lower than Peers by 14.55
Year on year growth in profit after tax
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
0.66
|
35.32
|
145.73
|
627.04
|
--
|
|
Peer Median
|
15.21
|
32.13
|
8.15
|
35.40
|
37.33
|
EPS Growth
-27.03
Lower than Peers by 40.90
Year on year growth in earnings per share
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
-27.03
|
35.32
|
145.73
|
627.04
|
--
|
|
Peer Median
|
13.88
|
31.70
|
11.24
|
20.00
|
38.67
|
Book Value Growth
237.25
--
Year on year growth in book value per share
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
237.25
|
89.79
|
207.23
|
507.61
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.17
Higher than Peers by 0.08
Total debt / Net worth
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
0.17
|
1.17
|
1.67
|
3.07
|
10.94
|
|
Peer Median
|
0.09
|
0.07
|
0.03
|
0.03
|
0.04
|
Short term debt to equity ratio
0.13
--
(Short term borrowings / Net worth)
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
0.13
|
0.92
|
1.20
|
1.82
|
2.49
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
3.32
Higher than Peers by 1.15
Current Assets / Current Liabilities and Provisions
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
3.32
|
1.47
|
1.29
|
1.25
|
1.36
|
|
Peer Median
|
2.17
|
2.24
|
2.61
|
2.65
|
2.73
|
Quick Ratio
3.32
Higher than Peers by 1.01
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
3.32
|
1.47
|
1.29
|
1.25
|
1.36
|
|
Peer Median
|
2.30
|
2.34
|
3.04
|
2.66
|
2.93
|
Interest Coverage
7.26
Lower than Peers by 10.02
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
7.26
|
7.92
|
9.92
|
7.03
|
7.13
|
|
Peer Median
|
17.28
|
21.22
|
17.06
|
18.29
|
29.25
|
Operating Efficiency
Debtors to sales
38.91
Higher than Peers by 15.97
Debtors outstanding / Net Sales * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
38.91
|
23.47
|
21.90
|
14.46
|
21.28
|
|
Peer Median
|
22.94
|
19.87
|
20.79
|
20.16
|
21.60
|
Asset Turnover
2.17
Higher than Peers by 0.90
Sales / Average Total Assets
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
2.17
|
2.87
|
3.25
|
4.60
|
3.27
|
|
Peer Median
|
1.26
|
1.10
|
1.16
|
1.28
|
1.16
|
Receivable days
109.23
--
Average Debtors / Sales * 365
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
109.23
|
71.25
|
60.03
|
47.20
|
77.66
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
6.40
Lower than Peers by 19.23
Current share price divided by earning per share in the last twelve months
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
6.40
|
--
|
--
|
--
|
--
|
|
Peer Median
|
25.63
|
32.31
|
41.37
|
39.73
|
26.04
|
Price / Book Value
0.91
Lower than Peers by 2.38
Current share price divided by book value per share in the latest financial year
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
0.91
|
--
|
--
|
--
|
--
|
|
Peer Median
|
3.29
|
4.55
|
6.34
|
4.65
|
3.67
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.13
|
0.34
|
0.32
|
0.68
|
0.89
|
EV/EBITDA
5.63
Lower than Peers by 12.67
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
5.63
|
2.33
|
1.61
|
2.16
|
7.06
|
|
Peer Median
|
18.30
|
23.12
|
28.75
|
19.68
|
13.97
|
Market Cap
38
Lower than Peers by 1,741
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Happy Square Outsourcing Services
|
38
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1,779
|
2,236
|
3,286
|
3,257
|
1,717
|
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
