Happiest Minds Technologies Ltd
Incorporated in 2011, Happiest Minds Technologies Ltd is a next generation IT solutions & services Company[1]
- Market Cap ₹ 12,082 Cr.
- Current Price ₹ 793
- High / Low ₹ 970 / 738
- Stock P/E 52.3
- Book Value ₹ 96.8
- Dividend Yield 0.71 %
- ROCE 21.8 %
- ROE 21.3 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.8%
- Company has been maintaining a healthy dividend payout of 33.1%
Cons
- Stock is trading at 8.27 times its book value
- Promoter holding has decreased over last quarter: -6.02%
- Earnings include an other income of Rs.125 Cr.
* 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
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
69 | 171 | 270 | 341 | 431 | 444 | 590 | 698 | 761 | 1,034 | 1,333 | 1,473 | 1,488 | |
120 | 239 | 296 | 339 | 430 | 461 | 531 | 599 | 571 | 788 | 1,012 | 1,184 | 1,220 | |
Operating Profit | -51 | -69 | -27 | 2 | 1 | -17 | 59 | 99 | 190 | 246 | 321 | 289 | 268 |
OPM % | -75% | -40% | -10% | 1% | 0% | -4% | 10% | 14% | 25% | 24% | 24% | 20% | 18% |
6 | 7 | 7 | 10 | 15 | 17 | -19 | 5 | 23 | 38 | 22 | 113 | 125 | |
Interest | 0 | 1 | 1 | 1 | 2 | 6 | 16 | 8 | 6 | 8 | 22 | 42 | 50 |
Depreciation | 2 | 4 | 5 | 5 | 6 | 7 | 20 | 20 | 21 | 24 | 30 | 34 | 36 |
Profit before tax | -47 | -66 | -26 | 5 | 7 | -13 | 4 | 75 | 186 | 251 | 292 | 325 | 307 |
Tax % | 0% | 0% | 0% | 0% | 43% | 0% | 0% | 3% | 13% | 26% | 26% | 24% | |
-47 | -66 | -26 | 5 | 4 | -13 | 4 | 73 | 162 | 186 | 216 | 246 | 232 | |
EPS in Rs | -19.05 | -23.35 | -8.93 | 1.51 | 1.17 | -3.52 | 1.11 | 14.87 | 11.03 | 12.70 | 14.73 | 16.14 | 15.24 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 26% | 29% | 36% | 35% |
Compounded Sales Growth | |
---|---|
10 Years: | 24% |
5 Years: | 20% |
3 Years: | 25% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 48% |
3 Years: | 15% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -18% |
1 Year: | -13% |
Return on Equity | |
---|---|
10 Years: | 25% |
5 Years: | 30% |
3 Years: | 26% |
Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 6 | 6 | 7 | 7 | 7 | 6 | 9 | 28 | 29 | 29 | 30 |
Reserves | 27 | 63 | 79 | 84 | 156 | 143 | -96 | 220 | 518 | 641 | 797 | 1,444 |
19 | 37 | 48 | 71 | 95 | 138 | 406 | 150 | 193 | 250 | 543 | 512 | |
26 | 35 | 49 | 51 | 54 | 71 | 95 | 129 | 168 | 163 | 208 | 222 | |
Total Liabilities | 77 | 140 | 182 | 213 | 311 | 360 | 412 | 508 | 907 | 1,083 | 1,576 | 2,208 |
7 | 8 | 7 | 8 | 11 | 44 | 61 | 38 | 29 | 63 | 199 | 203 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 |
Investments | 21 | 51 | 68 | 70 | 155 | 161 | 98 | 83 | 489 | 524 | 197 | 197 |
49 | 82 | 107 | 135 | 145 | 155 | 252 | 387 | 389 | 495 | 1,178 | 1,807 | |
Total Assets | 77 | 140 | 182 | 213 | 311 | 360 | 412 | 508 | 907 | 1,083 | 1,576 | 2,208 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-94 | -88 | 113 | 150 | 159 | 172 | 189 | ||||||
95 | -30 | -72 | -284 | -111 | -342 | -506 | ||||||
0 | 118 | -13 | 170 | -72 | 102 | 358 | ||||||
Net Cash Flow | 0 | -0 | 27 | 36 | -24 | -68 | 41 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 138 | 124 | 83 | 73 | 57 | 77 | 79 | 60 | 56 | 57 | 54 | 57 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 138 | 124 | 83 | 73 | 57 | 77 | 79 | 60 | 56 | 57 | 54 | 57 |
Working Capital Days | 81 | 79 | 52 | 59 | 63 | 52 | 76 | 29 | 36 | 49 | 53 | 60 |
ROCE % | -64% | -84% | -26% | 1% | -1% | -6% | 16% | 27% | 34% | 31% | 27% | 22% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Publication of Postal Ballot Notice, purusant to Regulation 47 of SEBI (LODR) Regulation, 2015
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 2d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
19 Aug - Initmation of Schedule of analyst/ Institutional investor meeting under SEBI (LODR) Regulations, 2015
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19 Aug - Transcript of Earnings Call held on August 13, 2024
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Aug - Publication of Financials Results for the quarter ended June 30, 2024
Annual reports
Concalls
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Aug 2024Transcript PPT
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Nov 2020Transcript PPT
Business Overview:[1][2]
Company offers IPs and domain expertise across a set of focused areas that include Digital Transformation & Enterprise Solutions, Product Engineering, Infrastructure Management, Security, Testing and Consulting. In the Solution space, focus areas are Security, M2M and Mobility solutions. Additionally, company is an authorized partner with global information technology players to deploy their services and create custom solutions.