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Happiest Minds Technologies Valuation Multiples
Discover revenue and EBITDA valuation multiples for Happiest Minds Technologies and similar public comparables like WingArc1st, JBCC Holdings, Plus Alpha Consulting, Troy Information Technology and more.
Happiest Minds Technologies Overview
About Happiest Minds Technologies
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.
Founded
2011
HQ
Employees
5.0K
Website
Financials (LTM)
EV
$557M
Happiest Minds Technologies Financials
Happiest Minds Technologies reported last 12-month revenue of $252M and EBITDA of $45M.
In the same LTM period, Happiest Minds Technologies generated $96M in gross profit, $45M in EBITDA, and $26M in net income.
Revenue (LTM)
Happiest Minds Technologies P&L
In the most recent fiscal year, Happiest Minds Technologies reported revenue of $241M and EBITDA of $48M.
Happiest Minds Technologies expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $252M | XXX | $241M | XXX | XXX | XXX |
| Gross Profit | $96M | XXX | $83M | XXX | XXX | XXX |
| Gross Margin | 38% | XXX | 34% | XXX | XXX | XXX |
| EBITDA | $45M | XXX | $48M | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $26M | XXX | $29M | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | — | — | $113M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Happiest Minds Technologies Stock Performance
Happiest Minds Technologies has current market cap of $593M, and enterprise value of $557M.
Market Cap Evolution
Happiest Minds Technologies' stock price is $3.95.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $557M | $593M | 0.4% | XXX | XXX | XXX | $0.19 |
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Start Free TrialHappiest Minds Technologies Valuation Multiples
Happiest Minds Technologies trades at 2.2x EV/Revenue multiple, and 12.5x EV/EBITDA.
EV / Revenue (LTM)
Happiest Minds Technologies Financial Valuation Multiples
As of March 7, 2026, Happiest Minds Technologies has market cap of $593M and EV of $557M.
Equity research analysts estimate Happiest Minds Technologies' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Happiest Minds Technologies has a P/E ratio of 23.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $593M | XXX | $593M | XXX | XXX | XXX |
| EV (current) | $557M | XXX | $557M | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | 12.5x | XXX | 11.5x | XXX | XXX | XXX |
| EV/EBIT | 16.2x | XXX | 18.0x | XXX | XXX | XXX |
| EV/Gross Profit | 5.8x | XXX | 6.7x | XXX | XXX | XXX |
| P/E | 23.2x | XXX | 20.5x | XXX | XXX | XXX |
| EV/FCF | 24.8x | XXX | 15.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Happiest Minds Technologies Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Happiest Minds Technologies Margins & Growth Rates
Happiest Minds Technologies' revenue in the last 12 month grew by 13%.
Happiest Minds Technologies' revenue per employee in the last FY averaged $0.1M.
Happiest Minds Technologies' rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Happiest Minds Technologies' rule of X is 50% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Happiest Minds Technologies Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | (7%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 31% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 50% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Happiest Minds Technologies Public Comps
See public comps and valuation multiples for other IT Consulting and Business Consulting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| WingArc1st | XXX | XXX | XXX | XXX | XXX | XXX |
| JBCC Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Plus Alpha Consulting | XXX | XXX | XXX | XXX | XXX | XXX |
| Troy Information Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Grid Dynamics | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Happiest Minds Technologies M&A Activity
Happiest Minds Technologies acquired XXX companies to date.
Last acquisition by Happiest Minds Technologies was on XXXXXXXX, XXXXX. Happiest Minds Technologies acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Happiest Minds Technologies
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHappiest Minds Technologies Investment Activity
Happiest Minds Technologies invested in XXX companies to date.
Happiest Minds Technologies made its latest investment on XXXXXXXX, XXXXX. Happiest Minds Technologies invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Happiest Minds Technologies
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Happiest Minds Technologies
| When was Happiest Minds Technologies founded? | Happiest Minds Technologies was founded in 2011. |
| Where is Happiest Minds Technologies headquartered? | Happiest Minds Technologies is headquartered in India. |
| How many employees does Happiest Minds Technologies have? | As of today, Happiest Minds Technologies has over 5K employees. |
| Who is the CEO of Happiest Minds Technologies? | Happiest Minds Technologies' CEO is Joseph Vinod Anantharaju. |
| Is Happiest Minds Technologies publicly listed? | Yes, Happiest Minds Technologies is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Happiest Minds Technologies? | Happiest Minds Technologies trades under HAPPSTMNDS ticker. |
| When did Happiest Minds Technologies go public? | Happiest Minds Technologies went public in 2020. |
| Who are competitors of Happiest Minds Technologies? | Happiest Minds Technologies main competitors are WingArc1st, JBCC Holdings, Plus Alpha Consulting, Troy Information Technology. |
| What is the current market cap of Happiest Minds Technologies? | Happiest Minds Technologies' current market cap is $593M. |
| What is the current revenue of Happiest Minds Technologies? | Happiest Minds Technologies' last 12 months revenue is $252M. |
| What is the current revenue growth of Happiest Minds Technologies? | Happiest Minds Technologies revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Happiest Minds Technologies? | Current revenue multiple of Happiest Minds Technologies is 2.2x. |
| Is Happiest Minds Technologies profitable? | Yes, Happiest Minds Technologies is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Happiest Minds Technologies? | Happiest Minds Technologies' last 12 months EBITDA is $45M. |
| What is Happiest Minds Technologies' EBITDA margin? | Happiest Minds Technologies' last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Happiest Minds Technologies? | Current EBITDA multiple of Happiest Minds Technologies is 12.5x. |
| What is the current FCF of Happiest Minds Technologies? | Happiest Minds Technologies' last 12 months FCF is $22M. |
| What is Happiest Minds Technologies' FCF margin? | Happiest Minds Technologies' last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Happiest Minds Technologies? | Current FCF multiple of Happiest Minds Technologies is 24.8x. |
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