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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Happiest Minds Technologies's annualized net income for the quarter that ended in Mar. 2026 was ₹2,447 Mil. Happiest Minds Technologies's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹7,885 Mil. Therefore, Happiest Minds Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 31.03%.
The historical rank and industry rank for Happiest Minds Technologies's Return-on-Tangible-Equity or its related term are showing as below:
NSE:HAPPSTMNDS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 20.12 Med: 36.15 Max: 83
Current: 30.47
During the past 9 years, Happiest Minds Technologies's highest Return-on-Tangible-Equity was 83.00%. The lowest was 20.12%. And the median was 36.15%.
NSE:HAPPSTMNDS's Return-on-Tangible-Equity is ranked better than 75.85% of 2476
companies
in the Software industry
Industry Median: 8.825
vs NSE:HAPPSTMNDS: 30.47
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Happiest Minds Technologies Return-on-Tangible-Equity Related Terms
Happiest Minds Technologies Return-on-Tangible-Equity 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: Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, Happiest Minds Technologies's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Happiest Minds Technologies's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Happiest Minds Technologies's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 31.03% mean?
Happiest Minds Technologies (NSE:HAPPSTMNDS) has a Return-on-Tangible-Equity of 31.03% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Happiest Minds Technologies and its competitors. This is 14% below median its historical median of 36.15. Over the past decade, Happiest Minds Technologies' Return-on-Tangible-Equity has ranged from 20.12 to 83.00. According to the industry distribution chart, Happiest Minds Technologies ranks #598 out of 2476 companies in the Software industry, placing it in the top 24.2%.
Is Happiest Minds Technologies' Return-on-Tangible-Equity too high?
Happiest Minds Technologies' current Return-on-Tangible-Equity of 31.03% is 14% below median its 10-year median of 36.15. Over the past 10 years, this metric has ranged from a low of 20.12 to a high of 83.00. The Software industry median Return-on-Tangible-Equity is 8.83. Happiest Minds Technologies' value of 31.03% is 251.6% above this industry median. Based on the distribution chart, Happiest Minds Technologies ranks #598 out of 2476 companies in the Software industry, which is in the top quartile — a strong position 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' Return-on-Tangible-Equity compare to IBM and ACN?
According to the Software industry distribution chart, Happiest Minds Technologies ranks #598 out of 2476 companies for Return-on-Tangible-Equity. This places Happiest Minds Technologies in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.83. Happiest Minds Technologies' value of 31.03% is 251.6% above this benchmark. Historically, Happiest Minds Technologies' own Return-on-Tangible-Equity has ranged from 20.12 to 83.00 over the past decade. While the company's 10-year median is 36.15 vs. the industry median of 8.83, Happiest Minds Technologies has consistently been above 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 Return-on-Tangible-Equity for a Software company?
The median Return-on-Tangible-Equity among Software companies is 8.83, based on 2,476 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happiest Minds Technologies's current Return-on-Tangible-Equity of 31.03% is 251.6% above 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Happiest Minds Technologies and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happiest Minds Technologies's current Return-on-Tangible-Equity is 31.03%, which is 14% below median its own 10-year median of 36.15. 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 ₹1,008.36, compared to a current price of ₹392.80 — trading 61% below its estimated fair value. The current Return-on-Tangible-Equity is 31.03%, which is 14% below median its 10-year median of 36.15 and 251.6% above the Software industry median of 8.83. Happiest Minds Technologies' overall GF Score™ is 68/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Happiest Minds Technologies (NSE:HAPPSTMNDS), the current Return-on-Tangible-Equity is 31.03% 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 ₹392.80 is trading 61% below its estimated GF Value™ of ₹1,008.36.
GuruFocus considers Happiest Minds Technologies to be Significantly Undervalued.
Key valuation signals for NSE:HAPPSTMNDS:
Return-on-Tangible-Equity: 31.03% (14% below median its 10-year median of 36.15)
GF Value™: ₹1,008.36 vs. price of ₹392.80 (61% below fair value)
Industry Position: 251.6% above the Software median (#598 of 2476)
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
Get the complete analysis for NSE:HAPPSTMNDS
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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