Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹44 Cr.
Stock P/E
7.3
P/B
1
Current Price
₹37.5
Book Value
₹ 36.3
Face Value
10
52W High
₹87
52W Low
₹ 28.3
Dividend Yield
—

Happy Square Outsou. Overview

Business

Happy Square Outsourcing Services Ltd. is an Indian professional services company primarily engaged in providing outsourcing solutions. Its core business model revolves around offering skilled talent, technology, and processes to businesses seeking to delegate non-core functions or specialized tasks. This typically includes Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO), IT Services, and/or staffing solutions. The company generates revenue through service contracts with its clients, which can be based on time and material, fixed-price projects, outcome-based models, or retainer fees, allowing clients to achieve cost efficiencies, access specialized expertise, and improve operational focus.

Revenue Mix

Without specific company financial disclosures, the exact revenue mix is not available. However, based on its sector and industry, potential key segments for Happy Square Outsourcing Services Ltd. could include:

Business Process Outsourcing (BPO): Services like customer support, back-office operations, data entry, finance & accounting, HR services.

Knowledge Process Outsourcing (KPO): Higher-value services requiring specialized domain expertise, such as research & analytics, legal process outsourcing, content creation, engineering services.

IT Services: Application development & maintenance, infrastructure management, cloud services, cybersecurity, digital transformation consulting.

Staffing & Recruitment Solutions: Providing temporary or permanent staffing services to clients across various industries.

Industry

The professional services and outsourcing industry in India is highly competitive and dynamic, characterized by a mix of large global players (e.g., TCS, Infosys, Wipro), mid-sized firms, and numerous niche or specialized providers. India remains a global hub for outsourcing due to its large pool of skilled labor, cost competitiveness, and technological infrastructure. Happy Square Outsourcing Services Ltd. likely positions itself by focusing on specific service offerings, particular industries, or regional markets. Its competitive standing against peers would depend on its ability to offer superior quality, cost-effectiveness, specialized domain expertise, and strong client relationships, potentially targeting small to medium-sized enterprises (SMEs) or specific enterprise divisions seeking flexible and efficient outsourcing partners.

MOAT

For a company like Happy Square Outsourcing Services Ltd., potential competitive advantages (moats) may include:

Switching Costs: Once integrated into a client's operations, especially for complex or critical functions, switching providers can be costly and disruptive, creating a sticky client base.

Talent Pool & Expertise: A strong ability to attract, train, and retain a high-quality, specialized workforce provides a competitive edge, particularly in niche KPO or IT services.

Cost Efficiency: Leveraging India's cost advantages and efficient operational processes to offer services at a more competitive price point than in-house alternatives or competitors.

Reputation & Client Relationships: A track record of reliable delivery, quality service, and strong client rapport can build a valuable brand reputation, leading to repeat business and referrals.

Proprietary Processes/Technology: Development of specialized tools, platforms, or methodologies that enhance service delivery or create unique solutions for clients.

Growth Drivers

Key factors that can drive growth for Happy Square Outsourcing Services Ltd. over the next 3-5 years include:

Increasing Outsourcing Adoption: Growing trend for businesses globally and domestically to outsource non-core functions to improve efficiency and reduce costs.

Digital Transformation: Rising demand for services related to cloud adoption, data analytics, artificial intelligence, machine learning, and cybersecurity.

Specialized Skill Gap: Companies increasingly rely on outsourcing partners to access specialized skills that are difficult or expensive to hire in-house.

Geographic Expansion: Extending services to new regions or countries, or targeting new client industries.

Service Line Enhancement: Expanding into higher-value KPO services or introducing new technology-driven solutions to meet evolving client needs.

Risks

Intense Competition: The professional services market is highly fragmented and competitive, leading to pricing pressures and potential margin erosion.

Talent Management: High employee attrition rates, difficulty in attracting and retaining skilled professionals, and wage inflation can impact profitability and service quality.

Economic Downturns: A slowdown in global or domestic economies can lead to reduced client spending on outsourcing services.

Technological Disruption: Rapid advancements in automation and AI could potentially reduce demand for certain lower-end BPO services, requiring continuous adaptation.

Client Concentration: Over-reliance on a few large clients could expose the company to significant revenue volatility if a major contract is lost.

Regulatory and Data Privacy Concerns: Evolving data protection laws (e.g., GDPR, CCPA) and other regulatory changes could impose compliance costs and operational challenges.

Management & Ownership

In India, companies like Happy Square Outsourcing Services Ltd. are often founded and controlled by promoter families or individuals who hold a significant equity stake. The quality of management is critical, encompassing their vision for growth, ability to execute strategic initiatives, attract and retain talent, maintain strong client relationships, and navigate industry challenges. The ownership structure typically involves a substantial promoter holding, alongside institutional investors and public shareholders, whose confidence is often tied to the management's performance and governance standards.

Outlook

The outlook for Happy Square Outsourcing Services Ltd. presents a balanced view. On the bullish side, the accelerating global trend towards outsourcing, coupled with the increasing demand for specialized digital and knowledge-based services, provides a strong tailwind. If the company can effectively manage its talent pool, differentiate its offerings with high-quality or niche services, and expand its client base, it stands to benefit from these industry trends. The Indian market's inherent cost advantages can continue to drive demand.

However, the bearish case highlights significant challenges. Intense competition, particularly from larger, established players and emerging specialized firms, puts constant pressure on pricing and margins. The ever-present risk of talent attrition and wage inflation in a hot job market can erode profitability. Furthermore, the rapid pace of technological change, including the rise of AI and automation, necessitates continuous investment and adaptation to avoid obsolescence of certain service lines. Economic downturns could quickly impact client spending. The company's success will largely depend on its agility, ability to innovate, and effectiveness in balancing cost efficiency with high-value service delivery in a highly competitive environment.

Happy Square Outsou. Share Price

Live · NSE · Inception: 2017
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Happy Square Outsou. Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Happy Square Outsou. Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 28 53 69 97 109
Other Income 0 0 0 0 1
Total Income 28 53 70 98 110
Total Expenditure 28 50 63 88 102
Operating Profit 0 3 7 10 8
Interest 0 0 1 1 1
Depreciation 0 0 0 0 1
Exceptional Income / Expenses 0 0 0 0 -0
Profit Before Tax 0 2 6 8 6
Provision for Tax 0 1 1 2 -0
Profit After Tax 0 2 4 6 6
Adjustments 0 0 0 0 0
Profit After Adjustments 0 2 4 6 6
Adjusted Earnings Per Share 0.3 2.1 5.2 7.1 5.2

Happy Square Outsou. Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 0 2 7 12 42
Minority's Interest 0 0 0 0 0
Borrowings 3 3 3 3 2
Other Non-Current Liabilities 0 0 0 0 0
Total Current Liabilities 5 9 19 24 17
Total Liabilities 9 14 28 40 61
Fixed Assets 0 0 2 3 4
Other Non-Current Assets 1 2 2 1 1
Total Current Assets 7 12 24 35 56
Total Assets 9 14 28 40 61

Happy Square Outsou. Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 1 0 0 0 1
Cash Flow from Operating Activities -0 -1 -2 -2 -14
Cash Flow from Investing Activities -1 -1 -2 -0 -1
Cash Flow from Financing Activities 1 2 4 2 15
Net Cash Inflow / Outflow -0 -0 -0 0 1
Closing Cash & Cash Equivalent 0 0 0 1 1

Happy Square Outsou. Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0.29 2.13 5.22 7.07 5.16
CEPS(Rs) 0.41 2.31 5.44 7.61 5.82
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 0.42 2.54 7.82 14.84 36.28
Core EBITDA Margin(%) 1.63 5.39 9.3 9.56 6.55
EBIT Margin(%) 1.35 5.28 9.4 9.37 6.3
Pre Tax Margin(%) 1.16 4.53 8.46 8.19 5.43
PAT Margin (%) 0.87 3.39 6.34 6.1 5.48
Cash Profit Margin (%) 1.21 3.69 6.6 6.57 6.18
ROA(%) 2.85 15.61 20.62 17.5 11.87
ROE(%) 69.82 143.47 100.82 62.4 21.93
ROCE(%) 9.07 43.12 49.61 40.92 17.97
Receivable days 77.66 47.2 60.03 71.25 109.23
Inventory Days 0 0 0 0 0
Payable days 0 0 0 0 0
PER(x) 0 0 0 0 6.4
Price/Book(x) 0 0 0 0 0.91
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.12 0.12 0.16 0.23 0.41
EV/Core EBITDA(x) 7.06 2.16 1.61 2.33 5.63
Net Sales Growth(%) 0 86.68 31.48 40.59 12.06
EBIT Growth(%) 0 629.82 133.97 40.12 -24.7
PAT Growth(%) 0 627.04 145.73 35.32 0.66
EPS Growth(%) 0 627.04 145.73 35.32 -27.03
Debt/Equity(x) 10.94 3.07 1.67 1.17 0.17
Current Ratio(x) 1.36 1.25 1.29 1.47 3.32
Quick Ratio(x) 1.36 1.25 1.29 1.47 3.32
Interest Cover(x) 7.13 7.03 9.92 7.92 7.26
Total Debt/Mcap(x) 0 0 0 0 0.19

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +12% +27% — —
Operating Profit CAGR -20% +39% — —
PAT CAGR 0% +44% — —
Share Price CAGR -49% — — —
ROE Average +22% +62% +80% +80%
ROCE Average +18% +36% +32% +32%

Happy Square Outsou. Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 60.9 %
FII 3.35 %
DII (MF + Insurance) 1.43 %
Public (retail) 34.32 %
# Jul 2025 Sep 2025 Mar 2026
Promoter 60.960.960.9
FII 2.372.863.35
DII 001.43
Public 36.7336.2534.32
Others 000
Total 100100100

Happy Square Outsou. Peer Comparison

Professional Services Edit Columns

Happy Square Outsou. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Happy Square Outsou. Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 62%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

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