| Revenue growth | 12.49% for FY26; 80% target for FY27. |
|---|---|
| Margins | Temporary dip to 7% due to IPO and AI investments. |
| Order book | 25 tenders secured in H2 totaling ₹24.13cr. |
| Demand visibility | Strong; pipeline includes ₹35cr+ in work orders over 60 days. |
| Management confidence | High; citing L1 status in major government tenders. |
Growth
FY26 revenue hit ₹109.88cr (+12.49% YoY); PAT at ₹5.98cr. H2 FY26 revenue grew 35.92% YoY to ₹66.51cr.
Outlook
FY27 revenue growth target of 80%; FY28 revenue guidance of ₹300cr+. Sustained EBITDA margins targeted at 7%+.
Risks
Higher operational costs due to AI investment and cloud infrastructure expenses. Geographic concentration challenges in certain quarters.
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
All →Happy Square Outsourcing Services Order Update: ₹0.04 Cr
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.
- Value
- ₹0.04 Cr
- From
- Directorate of Ordnance Coordination and Services
- Execution
- 03 months from 23.09.2026 to 22.12.2026
Happy Square Outsourcing Services Bags ₹1.42 Cr Order from INDIAN SPACE RESEARCH ORGANIZATION
Happy Square Outsourcing Services Limited secured a work order from ISRO valued at approximately Rs. 1.4244 Crore, to be executed over a three-year period.
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- ₹1.42 Cr
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- INDIAN SPACE RESEARCH ORGANIZATION (ISRO)
- Execution
- 01.10.2026 to 30.09.2029
Happy Square Outsourcing Services Order Update: ₹0.01 Cr
Happy Square Outsourcing Services Limited received a 12-month extension to its existing MPPTCL work order, valued at approximately ₹0.01 Crore.
- Value
- ₹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
Happy Square received a ₹0.76 Crore staffing contract from MP Power Generating Company. The 2-year order (Oct 2026–Sep 2028) strengthens the company's order book.
- Value
- ₹0.76 Cr
- From
- Madhya Pradesh Power Generating Company Limited
- Execution
- 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.
- Value
- ₹5.02 Cr
- From
- M/s Hindustan Copper Limited
- Execution
- 1 year
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
- ₹0.53 Cr
- From
- Madhya Pradesh Power Transmission Company Limited (MPPTCL), Chhegaon Location
- Execution
- 6 months (01.10.2026 to 31.03.2027)