Happiest Minds Technologies (NSE:HAPPSTMNDS) Operating Income: ₹3,385 Mil (TTM As of Jun. 2026)

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NSE:HAPPSTMNDS Happiest Minds Technologies Ltd NSE:HAPPSTMNDS
68 GF Score
Price ₹380.45
GF Value ₹929.33
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Happiest Minds Technologies Operating Income?

Happiest Minds Technologies NSE:HAPPSTMNDS +0.59% 68 Operating Income is ₹3,385 Mil as of Jun. 2026. GuruFocus rates NSE:HAPPSTMNDS with a GF Score™ of 68/100 and a GF Value™ of ₹929.33 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Happiest Minds Technologies's Operating Income for the three months ended in Jun. 2026 was ₹950 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹3,385 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Happiest Minds Technologies's Operating Income for the three months ended in Jun. 2026 was ₹950 Mil. Happiest Minds Technologies's Revenue for the three months ended in Jun. 2026 was ₹6,285 Mil. Therefore, Happiest Minds Technologies's Operating Margin % for the quarter that ended in Jun. 2026 was 15.11%.

Warning Sign:

Happiest Minds Technologies Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -11.6%.

Happiest Minds Technologies's 5-Year average Growth Rate for Operating Margin % was -11.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Happiest Minds Technologies's annualized ROC % for the quarter that ended in Jun. 2026 was 9.85%. Happiest Minds Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 67.47%.

Happiest Minds Technologies  (NSE:HAPPSTMNDS) Operating Income Explanation

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

Happiest Minds Technologies's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=3798.8 * ( 1 - 25.06% )/( (30005.6 + 27782)/ 2 )
=2846.82072/28893.8
=9.85 %

where

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))
=36251.1 - 1438.8 - ( 4806.7 - max(0, 14017.9 - 20755.5+4806.7))
=30005.6

Invested Capital(Q: Jun. 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))
=38218.6 - 929.9 - ( 19671.6 - max(0, 14385.6 - 23892.3+19671.6))
=27782

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

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

Happiest Minds Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4746.4/( ( (1953.2 + max(10775.1, 0)) + (1340.8 + max(-10164.9, 0)) )/ 2 )
=4746.4/( ( 12728.3 + 1340.8 )/ 2 )
=4746.4/7034.55
=67.47 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3902.7 + 0 + 9863.6) - (1438.8 + 0 + 1552.4)
=10775.1

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3760.3 + 0 + 460.4) - (929.9 + 0 + 13455.7)
=-10164.9

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Happiest Minds Technologies's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=949.7/6285.1
=15.11 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Happiest Minds Technologies Operating Income Related Terms

Happiest Minds Technologies Operating Income Historical Data

* Premium members only.

The historical data trend for Happiest Minds Technologies's Operating Income 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 Operating Income Chart

Happiest Minds Technologies Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only 2,266.80 3,169.60 2,775.70 2,657.30 3,151.90

Happiest Minds Technologies Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income 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 716.60 764.60 850.30 820.40 949.70
NSE:HAPPSTMNDS
68GF Score
Happiest Minds Technologies Ltd NSE:HAPPSTMNDS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Happiest Minds Technologies Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹3,385 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 Operating Income →
What does a Operating Income of ₹3,385 Mil mean?
Happiest Minds Technologies (NSE:HAPPSTMNDS) has a Operating Income of ₹3,385 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Happiest Minds Technologies and its competitors.
Is Happiest Minds Technologies' Operating Income too high?
Happiest Minds Technologies' current Operating Income is ₹3,385 Mil. 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' Operating Income compare to IBM and ACN?
Happiest Minds Technologies' Operating Income of ₹3,385 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Software company?
A good Operating Income depends on the Software industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Happiest Minds Technologies and its competitors. Happiest Minds Technologies's current Operating Income is ₹3,385 Mil. 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 ₹929.33, compared to a current price of ₹380.45 — trading 59.1% below its estimated fair value. The current Operating Income is ₹3,385 Mil. 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 Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Happiest Minds Technologies (NSE:HAPPSTMNDS), the current Operating Income is ₹3,385 Mil as of Jun. 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 ₹380.45 is trading 59.1% below its estimated GF Value™ of ₹929.33. GuruFocus considers Happiest Minds Technologies to be Significantly Undervalued.

Key valuation signals for NSE:HAPPSTMNDS:

  • Operating Income: ₹3,385 Mil
  • GF Value™: ₹929.33 vs. price of ₹380.45 (59.1% below fair value)
  • GF Score™: 68/100 with 4 warning signs

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

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

₹380.45
Price
₹929.33
GF Value