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What is the HAPPY SQUARE OUTSOURC S L (WHITEFORCE) share price today?

HAPPY SQUARE OUTSOURC S L (WHITEFORCE) is trading at ₹44.3 on the NSE, up 4.98% on the day. Source: DocStoX.

What is the PE ratio of HAPPY SQUARE OUTSOURC S L?

HAPPY SQUARE OUTSOURC S L has a price-to-earnings (PE) ratio of 6.3 in the Commercial Services sector.

What is the market capitalisation of HAPPY SQUARE OUTSOURC S L?

HAPPY SQUARE OUTSOURC S L has a market capitalisation of approximately ₹48 crore.

HAPPY SQUARE OUTSOURC S L

WHITEFORCE·NSE·Commercial Services

₹44.30▲ +2.10 (+4.98%)

Commercial Services · Diversified Services

Revenue compounding 27% a year

52W₹28

₹9524%

Open

₹44.30

High

₹44.30

Low

₹44.30

Prev Close

₹42.20

Volume

3.2K

VWAP

₹44.30

Snapshot

Key fundamentals

Market Cap

₹48 Cr

P/E Ratio

6.31Cheap

P/B Ratio

1.11

EPS

₹7.02

Book Value

₹36.27

ROE

22.80%Strong

ROCE

41.00%Efficient

Dividend Yield

0.00%

Debt / Equity

0.17Low

Face Value

₹10.00

52W High

₹94.80

52W Low

₹28.25

Sector

Commercial Services

Industry

Diversified Services

Strong Buy

Narrow moatHigh uncertainty

Fair value estimate

₹137

▲ 209.3%upside

Trading at ₹44 — 209% below our estimate

BearFair valueBull

₹65₹137₹158

/100

Business quality — Solid

Growth 100Profitability 56Efficiency 50Valuation 96

Plain English

Our view

Revenue compounding 27% a year
Low debt relative to equity
Fundamental red flags (Piotroski 0/9)

Strengths

Low debt relative to equity
Strong returns on equity (23%)
Capital is working hard (ROCE 41%)
Revenue compounding 27% over 3 years

Risks

Fundamental red flags (Piotroski 0/9)

How we got there

Fair value methods

Residual income

47% ROE fading to 12% over ~10 yrs, on ₹36 book

₹157

Relative P/E

Needs ≥3 peers with P/E

—

Graham floor

Conservative floor: √(22.5 × EPS × book value/share)

₹65

Analyst target

No analyst coverage

—

Blended fair value₹137

What the numbers say

Investment thesis

Bull case

Low debt relative to equity
Strong returns on equity (23%)
Capital is working hard (ROCE 41%)
Revenue compounding 27% over 3 years
Profit growing 44% a year
Reasonably priced at 6× earnings
Promoters hold a controlling stake

Bear case

Fundamental red flags (Piotroski 0/9)

Free — see our deterministic Fair Value range, business quality score, and the full bull/bear case for this stock.

Snapshot

Key statistics

P/E

6.3Cheap

Below 15× is value territory; above 35× prices in strong growth

ROE

22.8%Strong

Above 15% is considered healthy for Indian equities

ROCE

41.0%Efficient

Above 18% means capital is working hard

Debt/Eq

0.17Low

Below 0.5 is comfortable; above 1.5 strains the balance sheet

Mkt Cap

₹48 Cr

P/B

1.11

EPS

₹7.02

Div Yield

—

What changed

Recent changes

Foreign investors+3.4% stake last quarter
Domestic institutions+1.9% stake last quarter

What matters

News impact

Overview

Valuation

Attractive

P/E 6.3×

Growth

Strong

+27% rev CAGR

Profitability

Excellent

22.8% ROE

Financial health

Rock solid

D/E 0.17

Momentum

N/A

No technicals

Today

Trading activity

Delivery %100.0%

Turnover₹1.42L Cr

Trades2

VWAP₹44.30

Face value₹10.00

Market depth

Market depth available during market hours

Snapshot

Technical signals

Compounded annual growth

Growth (CAGR)

Revenue

+27.2%

—

10Y

—

Profit

+44.3%

—

10Y

—

EPS

-85.8%

—

10Y

—

Profile

Pros

Company has reduced debt.
Stock is trading at 1.17 times its book value
Company has a good return on equity (ROE) track record: 3 Years ROE 40.1%

Watch-outs

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding has decreased over last quarter: -23.1%
Tax rate seems low
Debtor days have increased from 103 to 142 days.
Working capital days have increased from 64.6 days to 127 days

Forecast

News

Peers

Financials

Growth

Shareholding

Ownership

Ownership breakdown

Quarter ending 31 Mar 2026

Foreign investors bought 3.35 pts; domestic institutions added 1.93 pts last quarter. The QoQ column shows each group's change versus the prior quarter.

61%

Promoter

Promoters

60.9%0.00

Public

30.5%+1.23

FII / FPI

3.4%+3.35

DII

1.9%+1.93

Others

3.3%

Total shareholders

197-19 QoQ

Quarterly trend

Ownership over time

Q4 FY26

Promoter60.90%

FII3.35%

DII1.93%

Public30.50%

Others3.32%

Corporate Actions

Bulk & Block Deals

Filings

MF Holdings

Technicals

FAQs

Quick reference

Frequently asked questions

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