ALFA Finder| Revenue growth | FY26 revenue up 5.49% YoY; H2 growth at 35.92%. |
|---|---|
| Margins | Margins compressed to 7% due to AI tech transition costs. |
| Order book | Recent win of ₹21cr Rajasthan contract; total pipeline of ₹40cr. |
| Demand visibility | Strong visibility from government tenders and overseas expansion into Europe. |
| Management confidence | Aggressive and tech-optimistic, pivoting heavily toward AI automation. |
Growth
FY26 revenue reached ₹109.88cr, up 5.49% YoY, driven by strong H2 growth and government tender wins.
Outlook
Targeting 80% growth in FY27 to cross ₹200cr revenue, reaching ₹300cr+ by FY28.
Risks
EBITDA margins dropped 4% YoY due to IPO costs and heavy front-loaded AI/Cloud infrastructure investments.
Earnings Call filed with NSE, NSE: WHITEFORCE. Summary written with AI assistance from the document.
Happy Square Outsourcing Services Ltd: key numbers
- Share price
- ₹32.50
- Market cap
- ₹37.70 Cr
- Revenue (annual)
- ₹109.2 Cr
- Net profit (annual)
- ₹5.98 Cr
- P/E (TTM)
- 6.3×Sector 46.8×
- Promoter holding
- 60.90%
- FII holding
- 2.98%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Happy Square Outsourcing Services Ltd
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Happy Square Outsourcing Services will hold a board meeting on 13 Nov 2026 to consider unaudited half-year results. No transaction or material decision is yet proposed.
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Happy Square Outsourcing Services Ltd has secured a work order worth ₹1.51 Crore from Hindustan Copper Limited for services to be delivered over one year.
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- Execution
- 17.10.2026 to 16.10.2027
Happy Square Outsourcing Services Bags ₹0.99 Cr Order from INDIAN ARMY
Happy Square Outsourcing Services Ltd secured a work order from the Indian Army worth Rs. 0.99 Crore. Services are to be provided over a one-year period.
- Value
- ₹0.99 Cr
- From
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- Execution
- 01.11.2026 to 31.10.2027
Happy Square Outsourcing Services Bags ₹3.01 Cr Order from INDIAN SPACE RESEARCH ORGANIZATION
Happy Square Outsourcing Services Ltd secured a new work order from ISRO, valued at approximately ₹3.01 Crore, for execution over 24 months.
- Value
- ₹3.01 Cr
- From
- INDIAN SPACE RESEARCH ORGANIZATION (ISRO)
- Execution
- 21.10.2026 to 20.10.2028
Happy Square Outsourcing Services Bags ₹3.2 Cr Order from Department of Defence Research & Development, Office of DG
Happy Square Outsourcing Services Limited secured a ₹3.1990 Crore work order from the Department of Defence Research & Development. Execution is scheduled until March 2028.
- Value
- ₹3.20 Cr
- From
- Department of Defence Research & Development, Office of DG (MSS)
- Execution
- 12.10.2026 to 12.03.2028
Happy Square Outsourcing Services Other Announcement
Happy Square Outsourcing Services Limited filed a non-applicability certificate for Corporate Governance Regulation 27. The company is exempt as its securities are listed on the SME Exchange.