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 49.4
  • Book Value ₹ 100
  • Dividend Yield 0.80 %
  • ROCE 21.6 %
  • ROE 20.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.2%
  • Company has been maintaining a healthy dividend payout of 32.5%

Cons

  • Stock is trading at 7.21 times its book value
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.116 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

Consolidated Figures in Rs. Crores / View Standalone

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
265 284 301 329 356 367 378 391 407 410 417 464 522
204 216 229 242 265 277 286 302 324 329 334 379 430
Operating Profit 61 68 72 87 91 89 92 89 83 81 83 85 92
OPM % 23% 24% 24% 26% 25% 24% 24% 23% 20% 20% 20% 18% 18%
10 8 10 1 4 1 8 14 22 25 38 25 27
Interest 2 2 3 3 5 6 9 10 11 11 10 20 28
Depreciation 8 8 9 9 10 10 13 14 15 15 15 22 23
Profit before tax 59 65 70 76 80 75 79 79 79 81 96 68 68
Tax % 25% 25% 25% 25% 26% 23% 27% 26% 26% 26% 25% 25% 27%
44 49 52 56 59 58 58 58 58 60 72 51 50
EPS in Rs 3.03 3.33 3.55 3.84 4.05 3.92 3.93 3.97 3.84 3.92 4.73 3.35 3.25
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
590 698 773 1,094 1,429 1,625 1,813
535 601 582 836 1,070 1,289 1,472
Operating Profit 55 97 191 258 359 336 341
OPM % 9% 14% 25% 24% 25% 21% 19%
-1 5 24 31 15 99 116
Interest 16 8 6 10 22 42 69
Depreciation 25 20 23 33 42 58 75
Profit before tax 13 74 186 246 310 335 313
Tax % -9% 3% 13% 26% 25% 26%
14 72 162 181 231 248 232
EPS in Rs 3.82 14.52 11.06 12.34 15.73 16.31 15.25
Dividend Payout % 0% 0% 26% 30% 34% 35%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 28%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: 55%
3 Years: 14%
TTM: -6%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -18%
1 Year: -13%
Return on Equity
10 Years: %
5 Years: 30%
3 Years: 26%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 9 28 29 29 30 30
Reserves -94 220 518 637 810 1,450 1,494
144 150 193 250 534 512 1,256
358 129 176 205 256 242 520
Total Liabilities 414 508 915 1,120 1,628 2,235 3,300
61 38 128 158 432 413 1,219
CWIP 0 0 0 0 3 0 1
Investments 98 83 391 472 13 0 108
254 387 395 491 1,181 1,822 1,972
Total Assets 414 508 915 1,120 1,628 2,235 3,300

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
58 112 143 168 207 213
1 -72 -271 -96 -348 -537
-59 -13 170 -91 72 363
Net Cash Flow -0 27 42 -19 -68 39

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 80 60 58 56 54 57
Inventory Days
Days Payable
Cash Conversion Cycle 80 60 58 56 54 57
Working Capital Days -86 29 34 41 45 53
ROCE % 43% 34% 32% 30% 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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Documents

Announcements

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DRHP

Credit ratings

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