Happiest Minds Technologies Ltd
Incorporated in 2011, Happiest Minds Technologies Ltd is a next generation IT solutions & services Company[1]
- Market Cap ₹ 12,452 Cr.
- Current Price ₹ 818
- High / Low ₹ 1,023 / 738
- Stock P/E 52.3
- Book Value ₹ 97.2
- Dividend Yield 0.70 %
- 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 8.47 times its book value
- Promoter holding has decreased over last 3 years: -3.01%
* 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 | |
---|---|---|---|---|---|---|
590 | 698 | 773 | 1,094 | 1,429 | 1,625 | |
535 | 601 | 582 | 836 | 1,070 | 1,289 | |
Operating Profit | 55 | 97 | 191 | 258 | 359 | 336 |
OPM % | 9% | 14% | 25% | 24% | 25% | 21% |
-1 | 5 | 24 | 31 | 15 | 99 | |
Interest | 16 | 8 | 6 | 10 | 22 | 42 |
Depreciation | 25 | 20 | 23 | 33 | 42 | 58 |
Profit before tax | 13 | 74 | 186 | 246 | 310 | 335 |
Tax % | -9% | 3% | 13% | 26% | 25% | 26% |
14 | 72 | 162 | 181 | 231 | 248 | |
EPS in Rs | 3.82 | 14.52 | 11.06 | 12.34 | 15.73 | 16.31 |
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: | 1% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 4% |
1 Year: | -5% |
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 |
Preference Capital | 22 | 36 | 0 | 0 | 0 | |
121 | 114 | 193 | 250 | 534 | 512 | |
380 | 165 | 176 | 205 | 256 | 255 | |
Total Liabilities | 414 | 508 | 915 | 1,120 | 1,628 | 2,248 |
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 | 1,835 | |
Total Assets | 414 | 508 | 915 | 1,120 | 1,628 | 2,248 |
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 | -466 | |
-59 | -13 | 170 | -91 | 72 | 363 | |
Net Cash Flow | -0 | 27 | 42 | -19 | -68 | 110 |
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% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
10 May - Transcript of Earnings Call held on May 07, 2024
- Communication To Shareholders - Financial Results For The Quarter And Financial Year Ended March 31, 2024 10 May
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
9 May - Happiest Minds Technologies to acquire USA based Azure native digital product engineering company -Aureus Tech Systems LLC
-
Announcement under Regulation 30 (LODR)-Acquisition
9 May - Happiest Minds Inc, USA a Wholly owned subsidiary of Happiest Minds has executed an agreement to purchase 100% Membership interest in Aureus Tech Systems LLC
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
8 May - Newspaper Publication of Financial Results for the Quarter and Year ended March 31, 2024
Annual reports
Concalls
-
May 2024Transcript PPT REC
-
Jan 2024Transcript PPT
-
Jan 2024TranscriptNotesPPT
-
Oct 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
May 2023TranscriptNotesPPT
-
Jan 2023Transcript PPT
-
Jan 2023TranscriptNotesPPT
-
Nov 2022Transcript PPT
-
Oct 2022TranscriptNotesPPT
-
Oct 2022TranscriptNotesPPT
-
Jul 2022Transcript PPT
-
Jul 2022Transcript PPT
-
May 2022Transcript PPT
-
May 2022TranscriptNotesPPT
-
Feb 2022Transcript PPT
-
Jan 2022TranscriptNotesPPT
-
Nov 2021Transcript PPT
-
Jul 2021Transcript PPT
-
May 2021Transcript PPT
-
Mar 2021TranscriptPPT
-
Feb 2021Transcript PPT
-
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.