Happiest Minds Technologies Ltd
NSE:HAPPSTMNDS

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Happiest Minds Technologies Ltd
NSE:HAPPSTMNDS
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Price: 373.1 INR 0.47% Market Closed
Market Cap: ₹56.1B

P/S

2.5
Current
65%
Cheaper
vs 3-y average of 7.2

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.5
=
Market Cap
₹54.2B
/
Revenue
₹22.6B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.5
=
Market Cap
₹54.2B
/
Revenue
₹22.6B

Valuation Scenarios

Happiest Minds Technologies Ltd is trading below its 3-year average

If P/S returns to its 3-Year Average (7.2), the stock would be worth ₹1 073.9 (188% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+236%
Average Upside
119%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2.5 ₹373.1
0%
3-Year Average 7.2 ₹1 073.9
+188%
5-Year Average 8.3 ₹1 253.44
+236%
Industry Average 3.6 ₹547.38
+47%
Country Average 2.6 ₹392.84
+5%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
₹54.2B
/
Jan 2026
₹22.6B
=
2.5
Current
₹54.2B
/
Mar 2026
₹23.7B
=
2.3
Forward
₹54.2B
/
Mar 2027
₹27B
=
2
Forward
₹54.2B
/
Mar 2028
₹31B
=
1.7
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
IN
Happiest Minds Technologies Ltd
NSE:HAPPSTMNDS
56B INR 2.5 30.2
US
International Business Machines Corp
NYSE:IBM
217.8B USD 3.2 20.3
JP
BrainPad Inc
TSE:3655
20.9T JPY 4.8 551.4
IE
Accenture PLC
NYSE:ACN
110.6B USD 1.5 14.5
IN
Tata Consultancy Services Ltd
NSE:TCS
9T INR 3.4 18.6
IN
Infosys Ltd
NSE:INFY
4.8T INR 2.9 17.3
JP
NTT Data Group Corp
DUS:NT5
30.3B EUR 1.2 38.8
JP
NTT Data Corp
TSE:9613
5.6T JPY 1.2 39.1
IN
HCL Technologies Ltd
NSE:HCLTECH
3.3T INR 2.6 20
JP
Fujitsu Ltd
TSE:6702
5.4T JPY 1.6 11.4
JP
NEC Corp
TSE:6701
5.4T JPY 1.5 21.9

Market Distribution

In line with most companies in India
Percentile
48th
Based on 2 983 companies
48th percentile
2.5
Low
0 — 1.5
Typical Range
1.5 — 4.6
High
4.6 —
Distribution Statistics
India
Min 0
30th Percentile 1.5
Median 2.6
70th Percentile 4.6
Max 56 363.4

Happiest Minds Technologies Ltd
Glance View

Happiest Minds Technologies Ltd., founded in 2011 by Ashok Soota, emerged from the bustling tech hub of Bangalore, India, with a vision to blend technological prowess and innovation seamlessly. It has since carved a niche for itself by delivering IT services and solutions that are critical in the digital transformation landscape. The company primarily focuses on three main areas: digital business services, product engineering services, and infrastructure and security services. These services encompass a range of domain-specific solutions, such as cloud computing, analytics, artificial intelligence, and the Internet of Things (IoT), enabling businesses to modernize their operations and enhance customer engagement in a rapidly evolving digital world. The company’s business model is intricately designed to leverage its domain expertise across various industries, including retail, education, and banking, amongst others. Happiest Minds positions itself as a partner in transformation, facilitating businesses to maximize their ROI from digital investments. This is achieved by providing customized solutions that are not only cost-effective but also aligned with the latest technological advancements. The firm earns its revenue through long-term partnerships and subscription-based models, which offer both predictable income streams and the flexibility needed to accommodate the fast-paced changes typical of the tech sector. As such, Happiest Minds generates value by helping organizations stay ahead in the digital race, fostering a symbiotic relationship that drives continuous growth for its clients and itself.

HAPPSTMNDS Intrinsic Value
548.45 INR
Undervaluation 32%
Intrinsic Value
Price ₹373.1
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