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HAPPSTMNDS vs XCHANGING: Stock Comparison

HAPPIEST MINDS TECHNO vs XCHANGING SOLUTIONSUpdated 23 Oct 26, 4:08 PM ISTNSE & company filings

HAPPIEST MINDS TECHNO is the larger company by market capitalisation. HAPPIEST MINDS TECHNO shows a higher ROE and faster revenue growth, while XCHANGING SOLUTIONS shows a lower P/E, a higher dividend yield and lower leverage. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.

Metric snapshot

HAPPSTMNDS leads 4; XCHANGING leads 7 of 13

Not a rating

Interactive comparison

Compare the numbers that shape the decision

Every row uses its own scale. Switch lenses to compare like with like.

HAPPSTMNDSXCHANGING

Valuation lens

What price are you paying?

Market CapContext only
₹4,593 Cr
₹607 Cr
P/E RatioXCHANGING has the lower reading
20.59x
10.92x ✓
P/B RatioXCHANGING has the lower reading
2.72x
1.68x ✓
EPSHAPPSTMNDS has the higher reading
₹4.44 ✓
₹1.36
Book ValueContext only
₹110.95
₹35.55
Dividend YieldXCHANGING has the higher reading
2.12%
3.67% ✓

✓ marks the usual favourable reading; it is not a recommendation.

Key Differences

Market Cap
HAPPSTMNDS is the larger company
₹4,593 Cr vs ₹607 Cr
P/E Ratio
XCHANGING has a lower P/E
10.92x vs 20.59x
P/B Ratio
XCHANGING has a lower P/B
1.68x vs 2.72x
EPS
HAPPSTMNDS has higher earnings per share
₹4.44 vs ₹1.36
Dividend Yield
XCHANGING has a higher dividend yield
3.67% vs 2.12%
Revenue Growth (TTM YoY)
HAPPSTMNDS has faster revenue growth
10.9% vs 1.1%
EPS Growth (TTM YoY)
HAPPSTMNDS has faster EPS growth
79.9% vs 10.6%
ROE
HAPPSTMNDS has a higher ROE
12.58% vs 12.14%

Each difference is a single, relative reading — StockeZee does not name an overall winner.

Profile

MetricHAPPSTMNDSXCHANGING
SectorInformation TechnologyInformation Technology
IndustryComputers - Software & ConsultingComputers - Software & Consulting

Price

MetricHAPPSTMNDSXCHANGING
Live Price₹301.15₹54.67
Day Change-2.07%-4.15%
Volume5.21 L66,540
52-Week High₹531₹103
52-Week Low₹299₹47.5
Distance from 52W High-43.29%-46.92%

Valuation

MetricHAPPSTMNDSXCHANGING
Market Cap₹4,593 Cr₹607 Cr
P/E Ratio20.59x10.92x
P/B Ratio2.72x1.68x
EPS₹4.44₹1.36
Book Value₹110.95₹35.55
Dividend Yield2.12%3.67%

Growth

MetricHAPPSTMNDSXCHANGING
Revenue Growth (TTM YoY)10.9%1.1%
EPS Growth (TTM YoY)79.9%10.6%
Qtr Sales Growth0%0%
Qtr Profit Growth0%0%

Profitability & Leverage

MetricHAPPSTMNDSXCHANGING
ROE12.58%12.14%
ROCE9.57%73.48%
Net Margin8.42%28.8%
Operating Margin16.48%98.59%
Debt to Equity0.84x0x

Shareholding

As of Sep 2026 • change vs previous quarter
MetricHAPPSTMNDSXCHANGING
Promoter Holding44.21%22.93%
FII Holding6.51%▲ 0.51 pp0.03%▼ 0.08 pp
DII Holding3.22%▼ 2.44 pp0.18%▼ 0.12 pp
Public Holding44.84%▲ 1.95 pp24.8%▲ 0.21 pp

How to Read This Comparison

Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.

Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: HAPPIEST MINDS TECHNO and XCHANGING SOLUTIONS.

Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.