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Happy Square Outsourcing Services share price & results

Happy Square Outsourcing Services Ltd· Services

Results to
Mar 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

India-wide HR outsourcing and staffing firm (brand White Force) offering temporary/contract staffing, recruitment (RPO), payroll processing and facility management.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue66.0 ₹ crore+34.7% YoYQuarterly, as filedQuarter to Mar 2026Revenue from operations as filed.
Operating margin7.0 %−4.0 pts YoYOperating profit / revenueQuarter to Mar 2026For the quarter; a change is in percentage points.
Net profit4.0 ₹ crore+33.3% YoYQuarterly, as filedQuarter to Mar 2026Profit after tax as filed.
Return on equityUnavailable−40.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin-13.98 %−10.4 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable−28.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2026

Guidance

What management said, and what became of it

8 targets tracked, none judged yet · 8 open · verdicts reflect calls analysed to Q4 FY26.

Happy Square Outsourcing Services Ltd management guidance track record on Inve: 8 targets tracked across analysed earnings calls (0 achieved, 0 missed, 8 open).

TargetOriginal wordingSaidLatest callVerdict
Revenue Growth80% growth for FY27
Call transcript, Q4 FY26 · 11 Jun 2026		Q4 FY26Q4 FY26:For FY27, we are targeting, I would say, maybe an 80% growth from the present situation.
Call transcript, Q4 FY26 · 11 Jun 2026		New

Source: Inve Guidance Tracker for Happy Square Outsourcing Services Ltd · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

8 of Happy Square Outsourcing Services Ltd's 8 targets are still open. See which are on track and which have gone quiet. The 1 above are the free sample; 7 more targets are in the full ledger.

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Price

₹33.5 +7.37% · +₹2.3

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −55.3% 1Y

₹30.0₹40.0₹50.0₹60.0₹70.0Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q4 FY26 — 11 Jun 2026

1Y: ₹75 on 24 Oct 2025 → ₹33.5. High ₹76 (23 Dec 2025), low ₹31.2 (26 Oct 2026).

Previous close
₹31.2
Market cap
₹36 Cr
52-week range
₹31.2 – ₹76
One year
−54.73%
Price to earnings (FY ending Mar 2026)
5.83×
Return on equity (FY ending Mar 2026)
23.00%

Overview

Symbol
NSE:WHITEFORCE
Sector
Services
Exchange
NSE
Currency
INR

What Happy Square Outsourcing Services Ltd does

Based on the company's own presentations, annual report and earnings calls.

Happy Square Outsourcing Services Limited, operating under the brand White Force, is an HR outsourcing and staffing company that sources, deploys and manages contract and permanent workforce for corporate and government clients across India. It earns fee-based income from flexible/temporary staffing placements (general, industrial and apprentice staffing), one-time recruitment/RPO placement fees, and payroll processing plus statutory labour-law compliance management for client workforces. The company also runs white-force.com, a digital job-matching platform with over a million registered candidates, and has built in-house tools (the White Force Plus applicant tracking system and a payroll/HRMS portal) to run its own recruitment and payroll operations. It serves clients across sectors such as FMCG, retail, logistics, manufacturing, healthcare, automobile, IT/ITES and government/PSU bodies.

Segments

  • Temporary / Industrial & General Staffing
  • Recruitment / RPO
  • Payroll & Compliance Management
  • Facility Management
States presence
20+
Employees deployed (staffing associates)
4,900+ as of 31 Mar 2026
Core team (permanent) employees
160+
Active clients
200+
Years in business
8 years
Registered candidates on white-force.com
1 million+
Founded 2017Headquarters Jabalpur, Madhya Pradesh, IndiaEmployees 4,900 (FY26 (as of 31 Mar 2026,) Company website

How the price took the results

close before → close after

Q4 FY26
+4.9%
11 Jun

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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