Happy Square

  • Market Cap: Micro Cap
  • Industry: Diversified Commercial Services
  • ISIN: INE0TLP01015
  • NSEID: WHITEFORCE
  • BSEID:
INR
48.30
-2.5 (-4.92%)
BSENSE

May 13

BSE+NSE Vol: 1600

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

1.6 k (150.00%) Volume

Shareholding (Mar 2026)

FII

3.35%

Held by 2 FIIs

DII

1.93%

Held by 0 DIIs

Promoter

60.90%

How has been the historical performance of Happy Square?

13-Nov-2025

Happy Square's historical performance shows significant fluctuations, with net sales dropping from INR 97.41 crore in March 2024 to INR 48.79 crore in March 2025, while earnings per share improved to INR 2.85. Despite declines in profits, total assets and book value per share increased, indicating some recovery in specific areas.

Answer:<BR>The historical performance of Happy Square shows significant fluctuations in key financial metrics over the past three years.<BR><BR>Breakdown:<BR>Happy Square's net sales experienced a notable decline from INR 97.41 crore in March 2024 to INR 48.79 crore in March 2025, following a previous increase to INR 52.70 crore in March 2023. Total operating income mirrored this trend, dropping to INR 48.79 crore in March 2025 from INR 97.41 crore in March 2024. The company's operating profit (PBDIT) also decreased to INR 5.27 crore in March 2025 from INR 9.58 crore in March 2024, although it showed improvement from INR 2.94 crore in March 2023. Profit before tax fell to INR 4.42 crore in March 2025 from INR 7.98 crore in March 2024, while profit after tax decreased to INR 3.31 crore from INR 5.94 crore in the same period. Despite these declines, the earnings per share (EPS) rose to INR 2.85 in March 2025 from INR 0.01 in March 2024, indicating a significant recovery from the previous year. On the balance sheet, total assets increased to INR 39.59 crore in March 2025 from INR 28.36 crore in March 2024, with total liabilities also rising to INR 39.59 crore from INR 28.36 crore. The book value per share adjusted significantly to INR 14.84 in March 2025 from INR 7.82 in March 2024. Cash flow from financing activities showed a positive trend, increasing to INR 2.00 crore in March 2025 from INR 3.00 crore in March 2024, while cash flow from operating activities remained negative at -INR 1.00 crore for the last three years. Overall, Happy Square's financial performance reflects both challenges and some recovery in specific areas over the observed period.

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Is Happy Square overvalued or undervalued?

18-Nov-2025

As of November 17, 2025, Happy Square is considered very attractive and undervalued, with a PE ratio of 24.01, significantly lower than its peers, and has recently outperformed the Sensex with a 5.14% return.

As of 17 November 2025, Happy Square's valuation grade has moved from attractive to very attractive, indicating a strong improvement in its perceived value. The company is currently assessed as undervalued. Key ratios include a PE ratio of 24.01, an EV to EBIT of 16.53, and a ROCE of 12.43%. <BR><BR>In comparison to its peers, Happy Square's PE ratio is significantly lower than Altius Telecom's 51.5, which suggests it is trading at a more attractive valuation despite its strong performance metrics. Other peers like Embassy Office REIT and Mindspace Business have much higher valuations, with PE ratios of 130.95 and 54.33, respectively, further emphasizing Happy Square's undervaluation. Notably, the company's recent stock performance has outpaced the Sensex over the past week, with a return of 5.14% compared to the Sensex's 1.72%, reinforcing the positive valuation outlook.

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Why is Happy Square Outsourcing Services Ltd falling/rising?

13-May-2026

As of 12-May, the stock price of Happy Square Outsourcing Services Ltd is at 50.80, reflecting a slight decrease. The stock has underperformed year-to-date with a decline of 28.45%, coupled with reduced investor participation and mixed moving average signals, contributing to its current downward trend.

As of 12-May, the stock price of Happy Square Outsourcing Services Ltd is currently at 50.80, reflecting a slight decrease of 0.05, or 0.1%. This decline in stock price can be attributed to several factors. <BR><BR>Firstly, while the stock has outperformed its sector by 3.37% today, it is important to note that the stock has experienced a year-to-date decline of 28.45%, which is significantly worse than the benchmark Sensex's decline of 10.52%. This suggests that the stock has been underperforming over a longer period, which may contribute to negative sentiment among investors.<BR><BR>Additionally, the stock's delivery volume has decreased by 7.51% compared to the 5-day average, indicating falling investor participation. This decline in trading activity can lead to reduced demand for the stock, further contributing to its price drop. <BR><BR>Moreover, while the stock is trading above its 20-day, 50-day, and 100-day moving averages, it is below its 5-day and 200-day moving averages, which may signal a bearish trend in the short to long term. <BR><BR>Overall, the combination of a significant year-to-date decline, reduced investor participation, and mixed moving average signals are contributing to the current downward movement in the stock price of Happy Square Outsourcing Services Ltd.

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Which are the latest news on Happy Square?

13-May-2026
No latest news for Happy Square found.

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

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Unrated Stock - No Analysis Available
stock-summaryMojo Parameters

Mojo Parameters

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Stock DNA

stock-summary
Industry

Diversified Commercial Services

stock-summary
Market cap

INR 59 Cr (Micro Cap)

stock-summary
P/E

9.00

stock-summary
Industry P/E

33

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.04

stock-summary
Return on Equity

15.69%

stock-summary
Price to Book

1.56

Revenue and Profits:
Net Sales:
(Quarterly Results - )
Net Profit:
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-3.4%
0%
-3.4%
6 Months
-31.0%
0%
-31.0%
1 Year
0%
0%
0.0%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Happy Square for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
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Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

News

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No Recent News for the Company

Announcements stock-summary

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No announcement available

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
31.50%
EBIT Growth (5y)
133.58%
EBIT to Interest (avg)
6.03
Debt to EBITDA (avg)
0.82
Net Debt to Equity (avg)
1.12
Sales to Capital Employed (avg)
2.14
Tax Ratio
25.44%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
5.28%
ROCE (avg)
22.48%
ROE (avg)
0

Valuation key factors

Factor
Value
P/E Ratio
9
Industry P/E
0
Price to Book Value
1.48
EV to EBIT
6.50
EV to EBITDA
6.18
EV to Capital Employed
1.46
EV to Sales
0.59
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
22.48%
ROE (Latest)
15.69%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Mildly Bullish
RSI
No Signal
Bollinger Bands
Mildly Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Dow Theory
No Trend
No Trend
OBV
Mildly Bearish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2026stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 2 FIIs (3.35%)

Promoter with highest holding

Shraddha Rajpal . (36.25%)

Highest Public shareholder

Lalit Dua (9.64%)

Individual Investors Holdings

30.5%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "alert": "No Quarterly Results declared by Happy Square"
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is -11.19% vs 0.33% in Mar 2025",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is -46.53% vs 25.86% in Mar 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "43.33",
          "val2": "48.79",
          "chgp": "-11.19%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "2.72",
          "val2": "5.13",
          "chgp": "-46.98%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.52",
          "val2": "0.62",
          "chgp": "-16.13%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.01",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "1.77",
          "val2": "3.31",
          "chgp": "-46.53%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "6.28%",
          "val2": "10.51%",
          "chgp": "-4.23%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Happy Square"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 0.00% vs 84.84% in Mar 2024",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 0.00% vs 231.84% in Mar 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "97.41",
          "val2": "97.41",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "9.31",
          "val2": "9.31",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Interest",
          "val1": "1.15",
          "val2": "1.15",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "5.94",
          "val2": "5.94",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "9.56%",
          "val2": "9.56%",
          "chgp": "NA",
          "chgp_class": "neutral"
        }
      ]
    }
  }
]

Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary

Sep'25
Mar'25
Change(%)
Net Sales
43.33
48.79
-11.19%
Operating Profit (PBDIT) excl Other Income
2.72
5.13
-46.98%
Interest
0.52
0.62
-16.13%
Exceptional Items
0.01
0.00
Standalone Net Profit
1.77
3.31
-46.53%
Operating Profit Margin (Excl OI)
6.28%
10.51%
-4.23%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is -11.19% vs 0.33% in Mar 2025

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2025 is -46.53% vs 25.86% in Mar 2025

Annual Results Snapshot (Standalone) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
97.41
97.41
Operating Profit (PBDIT) excl Other Income
9.31
9.31
Interest
1.15
1.15
Exceptional Items
0.00
0.00
Standalone Net Profit
5.94
5.94
Operating Profit Margin (Excl OI)
9.56%
9.56%
NA
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 0.00% vs 84.84% in Mar 2024

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2025 is 0.00% vs 231.84% in Mar 2024

stock-summaryCompany CV
About Happy Square Outsourcing Services Ltd stock-summary
stock-summary
Happy Square Outsourcing Services Ltd
Micro Cap
Diversified Commercial Services
Happy Square Outsourcing Services Limited was incorporated on April 20, 2017 as a Private Limited Company as `Splendid Academy Private Limited', dated April 20, 2017 with the Registrar of Companies, Central Registration Centre. Subsequently, the name of the Company was changed to `Happy Square Outsourcing Services Private Limited' dated February 3, 2020 by the Registrar of Companies, Gwalior.
Company Coordinates stock-summary
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No Company Details Available