Happiest Minds Technologies Ltd

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

Happiest Minds Technologies Ltd

₹ 372 -1.82%
29 May - 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 Segments
1) Product & Digital Engineering Services (79% in Q3 FY26 vs 78% in FY22): [1][2] In FY24, the company merged Integrated Product Engineering Services (PES) and Digital Business Services (DBS) ) into a single business unit- Product & Digital Engineering Services (PDES) division. PDES serves 6 sectors, including BFSI, EdTech, Healthcare, Industrial & Manufacturing, Hi-Tech & Media, and Retail & Logistics, offering solutions like digital automation, learning platforms, healthcare tech, chip-to-cloud services, platform development, and supply chain modernization, etc. [3] [4]

Website BSE NSE
  • Market Cap ₹ 5,660 Cr.
  • Current Price ₹ 372
  • High / Low ₹ 675 / 305
  • Stock P/E 23.5
  • Book Value ₹ 107
  • Dividend Yield 1.61 %
  • ROCE 13.2 %
  • ROE 15.1 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 43.8%

Cons

  • Earnings include an other income of Rs.155 Cr.
  • Promoter holding has decreased over last 3 years: -9.03%

* 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

Information Technology Information Technology IT - Software Computers - Software & Consulting

Part of BSE 500 BSE Information Technology BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty Microcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
342 357 370 371 375 372 403 404 388 406 430 433 457
262 276 298 302 308 312 334 341 353 343 363 372 389
Operating Profit 80 81 72 68 68 60 69 62 35 62 68 60 68
OPM % 23% 23% 19% 18% 18% 16% 17% 15% 9% 15% 16% 14% 15%
9 14 22 51 26 26 27 22 38 29 39 -5 92
Interest 9 10 11 11 10 18 25 24 24 23 24 23 22
Depreciation 8 8 9 9 9 9 13 13 13 13 13 13 12
Profit before tax 73 78 74 99 74 60 58 47 37 55 70 20 126
Tax % 29% 26% 26% 20% 27% 27% 26% 27% 17% 26% 19% 28% 10%
51 57 55 80 54 44 43 34 30 40 56 14 113
EPS in Rs 3.49 3.91 3.58 5.24 3.54 2.88 2.82 2.26 2.00 2.66 3.69 0.92 7.45
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
270 341 431 444 590 698 761 1,034 1,333 1,473 1,481 1,726
296 339 430 461 531 599 571 788 1,012 1,184 1,283 1,467
Operating Profit -27 2 1 -17 59 99 190 246 321 289 198 259
OPM % -10% 1% 0% -4% 10% 14% 25% 24% 24% 20% 13% 15%
7 10 15 17 -19 5 23 38 22 113 144 155
Interest 1 1 2 6 16 8 7 8 22 42 92 92
Depreciation 5 5 6 7 20 20 21 24 30 34 37 51
Profit before tax -26 5 7 -13 4 75 186 251 292 325 213 270
Tax % 0% 0% 43% 0% 0% 3% 13% 26% 26% 24% 21% 17%
-26 5 4 -13 4 73 162 186 216 246 169 224
EPS in Rs -8.93 1.51 1.17 -3.52 1.11 14.87 11.03 12.70 14.73 16.14 11.07 14.72
Dividend Payout % 0% 0% 0% 0% 0% 0% 26% 29% 36% 35% 53% 43%
Compounded Sales Growth
10 Years: 18%
5 Years: 18%
3 Years: 9%
TTM: 17%
Compounded Profit Growth
10 Years: 104%
5 Years: 8%
3 Years: 4%
TTM: 29%
Stock Price CAGR
10 Years: %
5 Years: -16%
3 Years: -26%
1 Year: -37%
Return on Equity
10 Years: 21%
5 Years: 19%
3 Years: 16%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 6 7 7 7 6 9 28 29 29 30 30 30
Reserves 79 84 156 143 -96 220 518 641 797 1,444 1,522 1,607
48 71 95 138 406 150 193 250 543 512 1,175 1,421
49 51 54 71 95 129 168 163 208 222 327 324
Total Liabilities 182 213 311 360 412 508 907 1,083 1,576 2,208 3,054 3,381
7 8 11 44 61 38 29 63 199 203 206 292
CWIP 0 0 0 0 0 0 0 0 3 0 0 0
Investments 68 70 155 161 98 83 489 524 197 197 1,275 1,303
107 135 145 155 252 387 389 495 1,178 1,807 1,573 1,786
Total Assets 182 213 311 360 412 508 907 1,083 1,576 2,208 3,054 3,381

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
113 150 159 172 189 102
-72 -284 -111 -342 -506 -613
-13 169 -72 102 358 450
Net Cash Flow 27 36 -24 -68 41 -62
Free Cash Flow 111 149 155 37 179 93
CFO/OP 120% 98% 86% 80% 95% 87%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 83 73 57 77 79 60 56 57 54 57 65 72
Inventory Days
Days Payable
Cash Conversion Cycle 83 73 57 77 79 60 56 57 54 57 65 72
Working Capital Days 52 59 63 52 76 -20 -33 -20 -52 -30 -153 -49
ROCE % -26% 1% -1% -6% 16% 27% 34% 31% 27% 22% 14% 13%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Average Revenue per Active Customer
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Billion Dollar Corporations (Active Clients)
Number
Million Dollar Clients
Number
Offshore Revenue Mix
%
Total Active Clients
Number
Total Headcount (Employees)
Number
Attrition (LTM)
%
Utilization Rate
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

42 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
53.24% 51.35% 50.24% 50.24% 44.23% 44.23% 44.23% 44.22% 44.22% 44.21% 44.21% 44.21%
4.52% 5.14% 5.05% 4.69% 5.31% 5.33% 5.34% 5.04% 5.33% 5.39% 5.89% 5.94%
1.26% 2.43% 2.41% 2.57% 2.85% 4.18% 6.08% 10.58% 10.57% 10.20% 9.62% 8.99%
38.68% 38.94% 40.20% 40.58% 45.82% 44.61% 42.83% 38.70% 38.48% 38.83% 38.94% 39.53%
2.28% 2.15% 2.10% 1.92% 1.79% 1.65% 1.52% 1.46% 1.40% 1.36% 1.34% 1.32%
No. of Shareholders 6,96,7947,28,3167,36,1307,32,2537,59,6417,28,4437,07,1466,87,7886,79,1286,64,2626,50,7496,42,274

* 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.

Click on the line-items to see the names of individual entities.

Documents

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