Happy Square Outsourcing Services Ltd

Happy Square Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Happy Square Outsourcing Services Ltd

₹ 34.2 -8.06%
13 Apr 3:52 p.m.
white-force.com NSE - SME: WHITEFORCE
About

Incorporated in 2017, Happy Square Outsourcing Services Ltd is in the business of providing technology-based staffing, recruitment and
payroll solutions[1]

Key Points

Business Overview:[1]
HSOSL is an ISO 9001:2015 certified,
technology-based consulting firm, involved
in Tech based human resource outsourcing business which focuses on end-to-end
solution. It offers a wide array of services
such as Recruitment, Payroll, Onboarding
and flexible staffing under the brand name
White Force

Website NSE - SM
  • Market Cap ₹ 39.7 Cr.
  • Current Price ₹ 34.2
  • High / Low ₹ 94.8 / 28.2
  • Stock P/E 7.82
  • Book Value ₹ 32.6
  • Dividend Yield 0.00 %
  • ROCE 40.9 %
  • ROE 61.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 1.05 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 79.9%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -23.1%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Services Services Commercial Services & Supplies Diversified Commercial Services

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Half Yearly Results

Figures in Rs. Crores

Sep 2024 Mar 2025 Sep 2025
48.63 48.79 43.33
44.45 43.66 40.62
Operating Profit 4.18 5.13 2.71
OPM % 8.60% 10.51% 6.25%
0.13 0.14 0.06
Interest 0.53 0.62 0.52
Depreciation 0.23 0.23 0.35
Profit before tax 3.55 4.42 1.90
Tax % 25.92% 24.89% 7.37%
2.63 3.31 1.77
EPS in Rs 3.13 3.94 1.53
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
28.23 52.70 69.29 97.41 92.12
27.78 49.85 62.84 88.10 84.28
Operating Profit 0.45 2.85 6.45 9.31 7.84
OPM % 1.59% 5.41% 9.31% 9.56% 8.51%
0.02 0.10 0.25 0.27 0.20
Interest 0.05 0.40 0.66 1.15 1.14
Depreciation 0.10 0.16 0.18 0.45 0.58
Profit before tax 0.32 2.39 5.86 7.98 6.32
Tax % 25.00% 25.10% 24.91% 25.94%
0.25 1.79 4.39 5.90 5.08
EPS in Rs 250.00 1,790.00 4,390.00 7.02 5.47
Dividend Payout % 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 51%
TTM: 41%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 187%
TTM: 34%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 80%
Last Year: 62%

Balance Sheet

Figures in Rs. Crores

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.01 0.01 0.01 8.41 11.60
Reserves 0.34 2.13 6.56 4.07 26.27
3.85 6.57 10.99 14.59 7.64
4.47 5.61 10.86 12.57 9.30
Total Liabilities 8.67 14.32 28.42 39.64 54.81
0.39 0.43 2.14 3.15 3.46
CWIP 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.01 0.03 1.04
8.28 13.89 26.27 36.46 50.31
Total Assets 8.67 14.32 28.42 39.64 54.81

Cash Flows

Figures in Rs. Crores

Mar 2022 Mar 2023 Mar 2024 Mar 2025
-0.04 -1.43 -1.88 -1.64
-1.22 -1.16 -1.88 -0.39
0.89 2.32 3.75 2.46
Net Cash Flow -0.37 -0.27 0.00 0.43
Free Cash Flow -0.27 -1.62 -3.78 -3.11
CFO/OP 44% -28% -7% 5%

Ratios

Figures in Rs. Crores

Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 77.71 52.78 79.91 85.66
Inventory Days
Days Payable
Cash Conversion Cycle 77.71 52.78 79.91 85.66
Working Capital Days 18.36 14.54 26.97 39.83
ROCE % 43.22% 49.64% 40.91%

Insights

In beta
Mar 2023 Mar 2024 Mar 2025
Logistics Staffing Employees
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Manpower Deployed (Staffing Employees)
Numbers
PSU Staffing Employees
Numbers
Technology & IT Staffing Employees
Numbers
Total Core Manpower (Internal Employees)
Numbers
Number of Clients
Numbers
Registered Candidates on Platform
Numbers
State Presence
Numbers

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2025
60.90%
2.86%
2.62%
33.63%
No. of Shareholders 216

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Concalls

  • Sep 2025
    Transcript
    AI Summary
    PPT