Happiest Minds Technologies (NSE:HAPPSTMNDS) Days Payable: 21.49 (As of Mar. 2026) — 22% Below Median


NSE:HAPPSTMNDS Happiest Minds Technologies Ltd NSE:HAPPSTMNDS
68 GF Score
Price ₹350.05
GF Value ₹1,004.56
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Happiest Minds Technologies Days Payable?

Happiest Minds Technologies NSE:HAPPSTMNDS -0.54% 68 Days Payable is 21.49 as of Mar. 2026, which is 22% below its 10-year median of 27.70. GuruFocus rates NSE:HAPPSTMNDS with a GF Score™ of 68/100 and a GF Value™ of ₹1,004.56 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,600 Software companies, Happiest Minds Technologies ranks worse than 77.04% on this metric.

Happiest Minds Technologies's average Accounts Payable for the three months ended in Mar. 2026 was ₹953 Mil. Happiest Minds Technologies's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹4,044 Mil. Hence, Happiest Minds Technologies's Days Payable for the three months ended in Mar. 2026 was 21.49.

The historical rank and industry rank for Happiest Minds Technologies's Days Payable or its related term are showing as below:

NSE:HAPPSTMNDS' s Days Payable Range Over the Past 10 Years
Min: 22.72   Med: 27.7   Max: 32.43
Current: 22.72

During the past 9 years, Happiest Minds Technologies's highest Days Payable was 32.43. The lowest was 22.72. And the median was 27.70.

NSE:HAPPSTMNDS's Days Payable is ranked worse than
77.04% of 2600 companies
in the Software industry
Industry Median: 53.675 vs NSE:HAPPSTMNDS: 22.72

Happiest Minds Technologies's Days Payable declined from Mar. 2025 (22.92) to Mar. 2026 (21.49). It may suggest that Happiest Minds Technologies accelerated paying its suppliers.


Happiest Minds Technologies Days Payable Historical Data

* Premium members only.

The historical data trend for Happiest Minds Technologies's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Happiest Minds Technologies Days Payable Chart

Happiest Minds Technologies Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only 31.82 31.02 28.26 24.59 23.54

Happiest Minds Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.92 25.47 21.88 21.80 21.49

NSE:HAPPSTMNDS vs IBM, ACN, FISV: Days Payable Comparison

For the Information Technology Services subindustry, Happiest Minds Technologies's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Happiest Minds Technologies Days Payable vs Software Industry

For the Software industry and Technology sector, Happiest Minds Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Happiest Minds Technologies's Days Payable falls into.


NSE:HAPPSTMNDS
68GF Score
Happiest Minds Technologies Ltd NSE:HAPPSTMNDS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Happiest Minds Technologies Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Happiest Minds Technologies's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (1048.1 + 965.1) / 2 ) / 15609.5*365
=1006.6 / 15609.5*365
=23.54

Happiest Minds Technologies's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (940.2 + 965.1) / 2 ) / 4044.4*365 / 4
=952.65 / 4044.4*365 / 4
=21.49

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 21.49 mean?
Happiest Minds Technologies (NSE:HAPPSTMNDS) has a Days Payable of 21.49 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Happiest Minds Technologies and its competitors. This is 22% below median its historical median of 27.70. Over the past decade, Happiest Minds Technologies' Days Payable has ranged from 22.72 to 32.43. According to the industry distribution chart, Happiest Minds Technologies ranks #2003 out of 2600 companies in the Software industry, placing it in the top 77%.
Is Happiest Minds Technologies' Days Payable too high?
Happiest Minds Technologies' current Days Payable of 21.49 is 22% below median its 10-year median of 27.70. Over the past 10 years, this metric has ranged from a low of 22.72 to a high of 32.43. The Software industry median Days Payable is 53.68. Happiest Minds Technologies' value of 21.49 is 60% below this industry median. Based on the distribution chart, Happiest Minds Technologies ranks #2003 out of 2600 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Happiest Minds Technologies has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Happiest Minds Technologies' Days Payable compare to IBM and ACN?
According to the Software industry distribution chart, Happiest Minds Technologies ranks #2003 out of 2600 companies for Days Payable. This places Happiest Minds Technologies in the lower half of its industry. The industry median Days Payable is 53.68. Happiest Minds Technologies' value of 21.49 is 60% below this benchmark. Historically, Happiest Minds Technologies' own Days Payable has ranged from 22.72 to 32.43 over the past decade. While the company's 10-year median is 27.70 vs. the industry median of 53.68, Happiest Minds Technologies has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 53.68, based on 2,600 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happiest Minds Technologies's current Days Payable of 21.49 is 60% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Happiest Minds Technologies and its competitors. For the Software industry, the median Days Payable is 53.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happiest Minds Technologies's current Days Payable is 21.49, which is 22% below median its own 10-year median of 27.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happiest Minds Technologies stock overvalued right now?
Based on GuruFocus' analysis, Happiest Minds Technologies (NSE:HAPPSTMNDS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,004.56, compared to a current price of ₹350.05 — trading 65.2% below its estimated fair value. The current Days Payable is 21.49, which is 22% below median its 10-year median of 27.70 and 60% below the Software industry median of 53.68. Happiest Minds Technologies' overall GF Score™ is 68/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Happiest Minds Technologies (NSE:HAPPSTMNDS), the current Days Payable is 21.49 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Happiest Minds Technologies (NSE:HAPPSTMNDS) Overvalued in 2026?

Based on GuruFocus' analysis, Happiest Minds Technologies stock appears to be undervalued. The current stock price of ₹350.05 is trading 65.2% below its estimated GF Value™ of ₹1,004.56. GuruFocus considers Happiest Minds Technologies to be Significantly Undervalued.

Key valuation signals for NSE:HAPPSTMNDS:

  • Days Payable: 21.49 (22% below median its 10-year median of 27.70)
  • GF Value™: ₹1,004.56 vs. price of ₹350.05 (65.2% below fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 60% below the Software median (#2003 of 2600)

No single metric tells the full story. See the NSE:HAPPSTMNDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Happiest Minds Technologies Business Description

Other Exchanges 543227:India
Address No 53/1-4, Hosur Main Road, Madivala (Next To Madivala Police Station), Bengaluru, KA, IND, 560068
Happiest Minds Technologies Ltd is an information technology (IT) company intended to deliver seamless customer experiences, business efficiency, and actionable insights to users. The company leverages a spectrum of disruptive technologies like artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, and more, enabling users in industry sectors like automotive, banking, financial services and insurance (BFSI), consumer packaged goods, e-commerce, edutech, engineering research and development (R&D), hi-tech, manufacturing, retail, and travel/transportation/hospitality to undergo digital transformation. Geographically, the company generates its key revenue from the United States of America.
68GF Score

Get the complete analysis for NSE:HAPPSTMNDS

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹350.05
Price
₹1,004.56
GF Value