Happiest Minds Technologies has a quick ratio of 1.48. It generally indicates good short-term financial strength.
The historical rank and industry rank for Happiest Minds Technologies's Quick Ratio or its related term are showing as below:
NSE:HAPPSTMNDS'
s Quick Ratio Range Over the Past 10 Years
Min: 0.65 Med: 1.86 Max: 3.14
Current: 1.48
During the past 9 years, Happiest Minds Technologies's highest Quick Ratio was 3.14. The lowest was 0.65. And the median was 1.86.
NSE:HAPPSTMNDS's Quick Ratio is ranked worse than 56.46% of 2864
companies
in the Software industry
Industry Median: 1.7
vs NSE:HAPPSTMNDS: 1.48
Happiest Minds Technologies (NSE:HAPPSTMNDS) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Happiest Minds Technologies Quick Ratio Related Terms
Happiest Minds Technologies Quick Ratio Historical Data
* 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.
NSE:HAPPSTMNDS vs IBM, ACN, FISV: Quick Ratio Comparison
For the Information Technology Services subindustry, Happiest Minds Technologies's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Software Industry
For the Software industry and Technology sector, Happiest Minds Technologies's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Happiest Minds Technologies's Quick Ratio falls into.
Happiest Minds Technologies Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
* 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 (NSE:HAPPSTMNDS) has a Quick Ratio of 1.48 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Happiest Minds Technologies and its competitors. This is 20% below median its historical median of 1.86. Over the past decade, Happiest Minds Technologies' Quick Ratio has ranged from 0.65 to 3.14. According to the industry distribution chart, Happiest Minds Technologies ranks #1617 out of 2864 companies in the Software industry, placing it in the top 56.5%.
Is Happiest Minds Technologies' Quick Ratio too high?
Happiest Minds Technologies' current Quick Ratio of 1.48 is 20% below median its 10-year median of 1.86. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 3.14. The Software industry median Quick Ratio is 1.70. Happiest Minds Technologies' value of 1.48 is 12.9% below this industry median. Based on the distribution chart, Happiest Minds Technologies ranks #1617 out of 2864 companies in the Software industry, which is below the industry midpoint. 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' Quick Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Happiest Minds Technologies ranks #1617 out of 2864 companies for Quick Ratio. This places Happiest Minds Technologies in the lower half of its industry. The industry median Quick Ratio is 1.70. Happiest Minds Technologies' value of 1.48 is 12.9% below this benchmark. Historically, Happiest Minds Technologies' own Quick Ratio has ranged from 0.65 to 3.14 over the past decade. While the company's 10-year median is 1.86 vs. the industry median of 1.70, 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 Quick Ratio for a Software company?
The median Quick Ratio among Software companies is 1.70, based on 2,864 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happiest Minds Technologies's current Quick Ratio of 1.48 is 12.9% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Happiest Minds Technologies and its competitors. For the Software industry, the median Quick Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happiest Minds Technologies's current Quick Ratio is 1.48, which is 20% below median its own 10-year median of 1.86. 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 ₹1,003.23, compared to a current price of ₹336.90 — trading 66.4% below its estimated fair value. The current Quick Ratio is 1.48, which is 20% below median its 10-year median of 1.86 and 12.9% below the Software industry median of 1.70. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Happiest Minds Technologies (NSE:HAPPSTMNDS), the current Quick Ratio is 1.48 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 ₹336.90 is trading 66.4% below its estimated GF Value™ of ₹1,003.23.
GuruFocus considers Happiest Minds Technologies to be Significantly Undervalued.
Key valuation signals for NSE:HAPPSTMNDS:
Quick Ratio: 1.48 (20% below median its 10-year median of 1.86)
GF Value™: ₹1,003.23 vs. price of ₹336.90 (66.4% below fair value)
Industry Position: 12.9% below the Software median (#1617 of 2864)
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 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
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