Happiest Minds Technologies Balance Sheet
- Market cap
- ₹4,588 crore
- P/E
- 20.6
- P/B
- 2.58
- ROE
- 13.0%
- Dividend yield
- 1.20%
As of Mar 2022, Happiest Minds Technologies had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 124.82% from Mar 2023.
Happiest Minds Technologies balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 28.66 | 29.87 | 30.01 | 30.05 |
| Reserves | 8,500 | 391 | 550 | 645 | 768 |
| Borrowings | 1,200 | 534 | 512 | 1,244 | 1,487 |
| Other liabilities | 3,500 | 268 | 255 | 541 | 449 |
| Total liabilities | 13,700 | 1,641 | 2,248 | 3,359 | 3,625 |
| Fixed assets | 6,500 | 192 | 195 | 211 | 195 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 328 | 450 | 672 | 725 |
| Other assets | 4,300 | 492 | 674 | 1,008 | 1,088 |
| Total assets | 13,700 | 1,641 | 2,248 | 3,359 | 3,625 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Happiest Minds Technologies balance sheet — frequently asked questions
What is the total debt of Happiest Minds Technologies?
Happiest Minds Technologies reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹534 crore as of Mar 2023.
What is Happiest Minds Technologies' debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Happiest Minds Technologies' debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are Happiest Minds Technologies' total assets?
Happiest Minds Technologies' total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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Figures are for information only and are not investment advice or a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks; read all related documents carefully before investing.