Happy Square Outsourcing IPO Review & Recommendations

White Force IPO Peer Comparison

Happy Square Outsourcing Services Limited peer comparison with similar listed entities. (As on March 28, 2024)

Source:

All the financial information for listed industry peer mentioned above is sourced from the annual report of the relevant companies for Fiscal 2025, as available on the websites of the NSE.

Notes for peer group:

1. Return on Net Worth (%) = Profit for the year ended March 31, 2025, divided by Average Total Equity of the Company as on March 31, 2024.
2. NAV is computed as the Total Equity of the Company as on March 31, 2025, divided by the outstanding number of equity shares as on March 31, 2024.
3. PAT Margin is computed as Revenue from Operations for the year ended March 31, 2025, divided by PAT as on March 31, 2025.
4. For listed peer, P/E Ratio has been computed based on the closing market price of equity shares on the website of NSE as of May 29, 2025, divided by the Basic EPS provided under Note 1 above.