| 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
- ₹39.00
- Market cap
- ₹45.24 Cr
- Revenue (annual)
- ₹109.2 Cr
- Net profit (annual)
- ₹5.98 Cr
- P/E (TTM)
- 7.6×Sector 41.4×
- Promoter holding
- 60.90%
- FII holding
- 3.35%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 Limited received a contract extension from the Directorate of Ordnance Coordination and Services. This extension is valued at approximately ₹0.04 Crore.
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- ₹0.04 Cr
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- Execution
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Happy Square Outsourcing Services Order Update: ₹0.01 Cr
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- Execution
- 12 months
Happy Square Outsourcing Services Bags ₹0.76 Cr Order from Madhya Pradesh Power Generating Company Limited
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- 01.10.2026 to 30.09.2028 (2 years)
Happy Square Outsourcing Services Bags ₹5.02 Cr Order from M/s Hindustan Copper Limited
Happy Square Outsourcing Services Limited has secured a new work order from M/s Hindustan Copper Limited valued at approximately ₹5.0247 Crore for manpower services.
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- Execution
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Happy Square Outsourcing Services Bags ₹0.53 Cr Order from Madhya Pradesh Power Transmission Company Limited, Chhegaon Location
Happy Square Outsourcing Services received a ₹0.53 Crore work order from MPPTCL for staffing services at Chhegaon. The 6-month contract strengthens the company's order book.
- Value
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- Execution
- 6 months (01.10.2026 to 31.03.2027)