Happiest Minds Technologies Ltd
Incorporated in 2011, Happiest Minds Technologies Ltd is a next generation IT solutions & services Company[1]
- Market Cap ₹ 12,218 Cr.
- Current Price ₹ 802
- High / Low ₹ 970 / 734
- Stock P/E 52.9
- Book Value ₹ 97.2
- Dividend Yield 0.72 %
- ROCE 21.6 %
- ROE 20.6 %
- Face Value ₹ 2.00
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 8.25 times its book value
- Promoter holding has decreased over last quarter: -6.02%
- Earnings include an other income of Rs.111 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
Consolidated Figures in Rs. Crores / View Standalone
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 | 1,698 | |
535 | 601 | 582 | 836 | 1,070 | 1,289 | 1,366 | |
Operating Profit | 55 | 97 | 191 | 258 | 359 | 336 | 331 |
OPM % | 9% | 14% | 25% | 24% | 25% | 21% | 20% |
-1 | 5 | 24 | 31 | 15 | 99 | 111 | |
Interest | 16 | 8 | 6 | 10 | 22 | 42 | 52 |
Depreciation | 25 | 20 | 23 | 33 | 42 | 58 | 66 |
Profit before tax | 13 | 74 | 186 | 246 | 310 | 335 | 324 |
Tax % | -9% | 3% | 13% | 26% | 25% | 26% | |
14 | 72 | 162 | 181 | 231 | 248 | 241 | |
EPS in Rs | 3.82 | 14.52 | 11.06 | 12.34 | 15.73 | 16.31 | 15.84 |
Dividend Payout % | 0% | 0% | 26% | 30% | 34% | 35% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 22% |
3 Years: | 28% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 55% |
3 Years: | 14% |
TTM: | -3% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -19% |
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 | |
---|---|---|---|---|---|---|
Equity Capital | 6 | 9 | 28 | 29 | 29 | 30 |
Reserves | -94 | 220 | 518 | 637 | 810 | 1,450 |
144 | 150 | 193 | 250 | 534 | 512 | |
358 | 129 | 176 | 205 | 256 | 242 | |
Total Liabilities | 414 | 508 | 915 | 1,120 | 1,628 | 2,235 |
61 | 38 | 128 | 158 | 432 | 413 | |
CWIP | 0 | 0 | 0 | 0 | 3 | 0 |
Investments | 98 | 83 | 391 | 472 | 13 | 0 |
254 | 387 | 395 | 491 | 1,181 | 1,822 | |
Total Assets | 414 | 508 | 915 | 1,120 | 1,628 | 2,235 |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
30 Aug - Of Schedule of Analyst / Intitutional Investor Meeting under the SEBI (LODR) Regulations, 2015
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 Aug - Happiest Minds wins Gold and Silver at the Brandon Hall Group HCM Excellence Awards 2024
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Aug - Newspaper Publication of Postal Ballot Notice, purusant to Regulation 47 of SEBI (LODR) Regulation, 2015
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 20 Aug
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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
Annual reports
Concalls
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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.