ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Happiest Minds Technologies's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹2,447 Mil.
Happiest Minds Technologies's average Total Assets over the quarter that ended in Mar. 2026 was ₹35,303 Mil. Therefore, Happiest Minds Technologies's annualized ROA % for the quarter that ended in Mar. 2026 was 6.93%.
The historical rank and industry rank for Happiest Minds Technologies's ROA % or its related term are showing as below:
NSE:HAPPSTMNDS'
s ROA % Range Over the Past 10 Years
Min: -5.81 Med: 12.78 Max: 22.72
Current: 6.17
During the past 9 years, Happiest Minds Technologies's highest ROA % was 22.72%. The lowest was -5.81%. And the median was 12.78%.
NSE:HAPPSTMNDS's ROA % is ranked better than 70.01% of 2881
companies
in the Software industry
Industry Median: 1.65
vs NSE:HAPPSTMNDS: 6.17
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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: ROA % Comparison
For the Information Technology Services subindustry, Happiest Minds Technologies's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Software Industry
For the Software industry and Technology sector, Happiest Minds Technologies's ROA % distribution charts can be found below:
* The bar in red indicates where Happiest Minds Technologies's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Happiest Minds Technologies (NSE:HAPPSTMNDS) has a ROA % of 6.93% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Happiest Minds Technologies and its competitors. This is 46% below median its historical median of 12.78. According to the industry distribution chart, Happiest Minds Technologies ranks #864 out of 2881 companies in the Software industry, placing it in the top 30%.
Is Happiest Minds Technologies' ROA % too high?
Happiest Minds Technologies' current ROA % of 6.93% is 46% below median its 10-year median of 12.78. The Software industry median ROA % is 1.65. Happiest Minds Technologies' value of 6.93% is 320% above this industry median. Based on the distribution chart, Happiest Minds Technologies ranks #864 out of 2881 companies in the Software industry, which is above 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' ROA % compare to IBM and ACN?
According to the Software industry distribution chart, Happiest Minds Technologies ranks #864 out of 2881 companies for ROA %. This puts Happiest Minds Technologies in the upper half of its industry. The industry median ROA % is 1.65. Happiest Minds Technologies' value of 6.93% is 320% above this benchmark. While the company's 10-year median is 12.78 vs. the industry median of 1.65, 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 ROA % for a Software company?
The median ROA % among Software companies is 1.65, based on 2,881 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happiest Minds Technologies's current ROA % of 6.93% is 320% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Happiest Minds Technologies and its competitors. For the Software industry, the median ROA % is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happiest Minds Technologies's current ROA % is 6.93%, which is 46% below median its own 10-year median of 12.78. 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 ₹1,001.26, compared to a current price of ₹342.45 — trading 65.8% below its estimated fair value. The current ROA % is 6.93%, which is 46% below median its 10-year median of 12.78 and 320% above the Software industry median of 1.65. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Happiest Minds Technologies (NSE:HAPPSTMNDS), the current ROA % is 6.93% 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 ₹342.45 is trading 65.8% below its estimated GF Value™ of ₹1,001.26.
GuruFocus considers Happiest Minds Technologies to be Significantly Undervalued.
Key valuation signals for NSE:HAPPSTMNDS:
ROA %: 6.93% (46% below median its 10-year median of 12.78)
GF Value™: ₹1,001.26 vs. price of ₹342.45 (65.8% below fair value)
Industry Position: 320% above the Software median (#864 of 2881)
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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