Happiest Minds Technologies Ltd

Happiest Minds Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Happiest Minds Technologies Ltd

₹ 721 0.16%
22 Nov - close price
happiestminds.com BSE: 543227 NSE: HAPPSTMNDS
About

Incorporated in 2011, Happiest Minds Technologies Ltd is a next generation IT solutions & services Company[1]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 10,984 Cr.
  • Current Price ₹ 721
  • High / Low ₹ 961 / 716
  • Stock P/E 51.2
  • Book Value ₹ 98.6
  • Dividend Yield 0.80 %
  • ROCE 21.8 %
  • ROE 21.3 %
  • Face Value ₹ 2.00
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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 7.31 times its book value
  • Earnings include an other income of Rs.129 Cr.
  • Promoter holding has decreased over last 3 years: -9.02%

* 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

Part of Nifty Total Market BSE 400 MidSmallCap Index BSE 250 SmallCap Index BSE Allcap BSE Information Technology

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
250 266 287 308 338 345 342 357 370 371 375 372 375
192 206 214 229 254 266 262 276 298 302 308 312 315
Operating Profit 59 60 73 78 83 79 80 81 72 68 68 60 60
OPM % 23% 23% 26% 25% 25% 23% 23% 23% 19% 18% 18% 16% 16%
10 8 17 1 4 8 9 14 22 51 26 26 26
Interest 2 2 2 2 5 6 9 10 11 11 10 18 25
Depreciation 6 6 7 7 7 8 8 8 9 9 9 9 9
Profit before tax 60 60 81 70 76 73 73 78 74 99 74 60 52
Tax % 26% 25% 23% 25% 27% 22% 29% 26% 26% 20% 27% 27% 27%
44 45 62 53 55 57 51 57 55 80 54 44 38
EPS in Rs 3.03 3.05 4.24 3.58 3.77 3.90 3.49 3.91 3.58 5.24 3.54 2.88 2.51
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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 1,493
120 239 296 339 430 461 531 599 571 788 1,012 1,184 1,237
Operating Profit -51 -69 -27 2 1 -17 59 99 190 246 321 289 256
OPM % -75% -40% -10% 1% 0% -4% 10% 14% 25% 24% 24% 20% 17%
6 7 7 10 15 17 -19 5 23 38 22 113 129
Interest 0 1 1 1 2 6 16 8 6 8 22 42 64
Depreciation 2 4 5 5 6 7 20 20 21 24 30 34 36
Profit before tax -47 -66 -26 5 7 -13 4 75 186 251 292 325 285
Tax % 0% 0% 0% 0% 43% 0% 0% 3% 13% 26% 26% 24%
-47 -66 -26 5 4 -13 4 73 162 186 216 246 216
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 14.17
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: 6%
Compounded Profit Growth
10 Years: 19%
5 Years: 48%
3 Years: 15%
TTM: -3%
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 Sep 2024
Equity Capital 5 6 6 7 7 7 6 9 28 29 29 30 30
Reserves 27 63 79 84 156 143 -96 220 518 641 797 1,444 1,472
19 37 48 71 95 138 406 150 193 250 543 512 1,176
26 35 49 51 54 71 95 129 168 163 208 222 316
Total Liabilities 77 140 182 213 311 360 412 508 907 1,083 1,576 2,208 2,993
7 8 7 8 11 44 61 38 29 63 199 203 210
CWIP 0 0 0 0 0 0 0 0 0 0 3 0 1
Investments 21 51 68 70 155 161 98 83 489 524 197 197 1,010
49 82 107 135 145 155 252 387 389 495 1,178 1,807 1,773
Total Assets 77 140 182 213 311 360 412 508 907 1,083 1,576 2,208 2,993

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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
53.25% 53.26% 53.25% 53.24% 53.24% 53.24% 53.24% 51.35% 50.24% 50.24% 44.23% 44.23%
6.93% 6.29% 4.00% 3.94% 4.07% 4.15% 4.52% 5.14% 5.05% 4.69% 5.31% 5.33%
1.73% 1.48% 1.42% 1.48% 1.32% 1.26% 1.26% 2.43% 2.41% 2.57% 2.85% 4.18%
35.06% 36.08% 38.55% 38.65% 38.74% 38.84% 38.68% 38.94% 40.20% 40.58% 45.82% 44.61%
3.02% 2.90% 2.78% 2.67% 2.61% 2.50% 2.28% 2.15% 2.10% 1.92% 1.79% 1.65%
No. of Shareholders 6,04,0376,75,1227,18,6367,19,1977,12,8487,11,5686,96,7947,28,3167,36,1307,32,2537,59,6417,28,443

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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