Happy Square Outsourcing Services Ltd (WHITEFORCE) — shareholding pattern, promoter holding, financials and share price
About Happy Square Outsourcing Services Ltd (WHITEFORCE)
Happy Square Outsourcing Services Ltd operates in the Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) industry, within the Services sector. It trades on the NSE as WHITEFORCE and on the BSE under scrip code 94497. Its ISIN is INE0TLP01015.
Incorporated in 2017, Happy Square Outsourcing Services Ltd is in the business of providing technology-based staffing, recruitment and payroll solutions [1]
Listed peers in Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO): We Win Ltd, HRH Next Services Ltd, Informed Technologies India Ltd, Platinumone Business Services Ltd, Ace Integrated Solutions Ltd, BNR Udyog Ltd.
Valuation & Returns
10 Jul 2026At ₹42.35 a share on 10 Jul 2026, Happy Square Outsourcing Services Ltd (WHITEFORCE) was valued at a price-to-earnings ratio of 7.92x against an industry P/E of 21.24x and a price-to-book of 1.17x on a book value of ₹36.27 per share. Solomo computes return on equity of 14.22% and return on capital employed of 13.91% from filed results.
- P/E
- 7.92x
- Industry P/E
- 21.24x
- P/B
- 1.17x
- EPS (TTM)
- ₹5.35
- Book value / share
- ₹36.27
- ROE
- 14.22%
- ROCE
- 13.91%
- ROA
- 9.76%
- Debt / equity
- 0.17x
- Dividend yield
- 0%
- EBITDA margin
- 7%
- 52-week range
- ₹28.25 – ₹94.8
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Happy Square Outsourcing Services Ltd (WHITEFORCE) reported revenue of ₹109 crore, net profit of ₹6 crore and earnings per share of ₹5.15. That compares with revenue of ₹97 crore and net profit of ₹6 crore in Mar 2025. Figures are standalone, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹66 crore and net profit ₹4 crore (standalone).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 28 | 53 | 69 | 97 | 109 |
| Net profit (₹ cr) | 0 | 2 | 4 | 6 | 6 |
| EPS (₹) | 250 | 1,790 | 4,390 | 7.02 | 5.15 |
| Measure | 3Y | 1Y |
|---|---|---|
| Sales growth | 51.11% | 40.58% |
| Profit growth | 188.48% | 34.40% |
Ownership Summary
Mar 2026As of Mar 2026, promoters hold 60.9% of Happy Square Outsourcing Services Ltd (WHITEFORCE). Market capitalisation was ₹49 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2025.
Largest disclosed public shareholders in Mar 2026: LALIT DUA 9.64%, ARWA UMESH 5.56%, INTI CAPITAL VCC - INTI CAPITAL I 2.12%, UMESH CHAMDIA 2.12%, ADITYA RASHMIKANT DHARIA 2.03%, POONAM RAJPAL . 1.81%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Mar 2026 | 60.9% | - | - | - | - |
| Sep 2025 | 60.9% | - | - | - | - |