Happy Square Outsourcing Services (NSE:WHITEFORCE) EBIT: ₹69 Mil (TTM As of Mar. 2026)


NSE:WHITEFORCE Happy Square Outsourcing Services Ltd NSE:WHITEFORCE
18 GF Score
Price ₹44.60
! 5 Warning Signs
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What is Happy Square Outsourcing Services EBIT?

Happy Square Outsourcing Services NSE:WHITEFORCE 18 EBIT is ₹69 Mil as of Mar. 2026. GuruFocus rates NSE:WHITEFORCE with a GF Score™ of 18/100. The stock has 5 warning signs investors should review.

Happy Square Outsourcing Services's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was ₹69 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Happy Square Outsourcing Services's annualized ROC % for the quarter that ended in Mar. 2026 was 15.48%. Happy Square Outsourcing Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Happy Square Outsourcing Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.14%.

Happy Square Outsourcing Services  (NSE:WHITEFORCE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Happy Square Outsourcing Services's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=63.845 * ( 1 - 0% )/( (284.499 + 540.163)/ 2 )
=63.845/412.331
=15.48 %

where

Invested Capital(Q: Mar. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=396.4 - 105.387 - ( 6.514 - max(0, 238.306 - 351.039+6.514))
=284.499

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=612.487 - 4.754 - ( 67.57 - max(0, 169.937 - 563.658+67.57))
=540.163

Note: The Operating Income data used here is one times the annual (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Happy Square Outsourcing Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=68.755/( ( (11.114 + max(220.369, 0)) + (10.555 + max(355.323, 0)) )/ 2 )
=68.755/( ( 231.483 + 365.878 )/ 2 )
=68.755/298.6805
=23.02 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(228.605 + 0 + 115.228) - (105.387 + 0 + 18.077)
=220.369

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(424.753 + 0 + 45.914) - (4.754 + 0 + 110.59)
=355.323

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Happy Square Outsourcing Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=68.755/523.383
=13.14 %

* 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.

Happy Square Outsourcing Services EBIT Related Terms

Happy Square Outsourcing Services EBIT Historical Data

* Premium members only.

The historical data trend for Happy Square Outsourcing Services's EBIT 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.

Happy Square Outsourcing Services EBIT Chart

Happy Square Outsourcing Services Annual Data
Trend Mar23 Mar24 Mar25 Mar26
EBIT
26.89 64.62 91.31 68.76

Happy Square Outsourcing Services Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
EBIT 26.89 64.62 91.31 68.76

NSE:WHITEFORCE vs KFY, RHI, TNET: EBIT Comparison

For the Staffing & Employment Services subindustry, Happy Square Outsourcing Services's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Happy Square Outsourcing Services EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, Happy Square Outsourcing Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Happy Square Outsourcing Services's EV-to-EBIT falls into.


NSE:WHITEFORCE
18GF Score
Happy Square Outsourcing Services Ltd NSE:WHITEFORCE
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Happy Square Outsourcing Services EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₹69 Mil.

* 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 EBIT →
What does a EBIT of ₹69 Mil mean?
Happy Square Outsourcing Services (NSE:WHITEFORCE) has a EBIT of ₹69 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Happy Square Outsourcing Services.
Is Happy Square Outsourcing Services' EBIT too high?
Happy Square Outsourcing Services' current EBIT is ₹69 Mil. Overall, Happy Square Outsourcing Services has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Happy Square Outsourcing Services' EBIT compare to KFY and RHI?
Happy Square Outsourcing Services' EBIT of ₹69 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Business Services company?
A good EBIT depends on the Business Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Happy Square Outsourcing Services. Happy Square Outsourcing Services's current EBIT is ₹69 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Square Outsourcing Services stock overvalued right now?
Happy Square Outsourcing Services (NSE:WHITEFORCE) has a current EBIT of ₹69 Mil. The current EBIT is ₹69 Mil. Happy Square Outsourcing Services' overall GF Score™ is 18/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Happy Square Outsourcing Services (NSE:WHITEFORCE), the current EBIT is ₹69 Mil 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.

Happy Square Outsourcing Services Business Description

Address Nagpur Road, Rajpal Tower 240, Madan Mahal, Jabalpur, MP, IND, 482008
Happy Square Outsourcing Services Ltd is a technology-based consulting firm, involved in tech-based human resource outsourcing business, which focuses on end-to-end solutions. It offers a wide array of services such as Recruitment, Payroll, Onboarding, and flexible staffing. Its comprehensive network, structured processes, professionalism, and work ethics ensure that the company remains at the top on the domestic scale. The company satisfies firms' staffing and recruitment needs in India through its specialized, rich knowledge.
18GF Score

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

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