Happiest Minds Technologies Ltd
Incorporated in 2011, Happiest Minds Technologies Ltd is a next generation IT solutions & services Company[1]
- Market Cap ₹ 9,274 Cr.
- Current Price ₹ 609
- High / Low ₹ 956 / 519
- Stock P/E 49.7
- Book Value ₹ 102
- Dividend Yield 0.95 %
- ROCE 13.9 %
- ROE 12.3 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 41.4%
Cons
- Earnings include an other income of Rs.144 Cr.
- Promoter holding has decreased over last 3 years: -9.04%
- Working capital days have increased from 80.9 days to 130 days
* 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 BSE 500 BSE Information Technology Nifty 500 BSE SmallCap BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
171 | 270 | 341 | 431 | 444 | 590 | 698 | 761 | 1,034 | 1,333 | 1,473 | 1,481 | |
239 | 296 | 339 | 430 | 461 | 531 | 599 | 571 | 788 | 1,012 | 1,184 | 1,283 | |
Operating Profit | -69 | -27 | 2 | 1 | -17 | 59 | 99 | 190 | 246 | 321 | 289 | 198 |
OPM % | -40% | -10% | 1% | 0% | -4% | 10% | 14% | 25% | 24% | 24% | 20% | 13% |
7 | 7 | 10 | 15 | 17 | -19 | 5 | 23 | 38 | 22 | 113 | 144 | |
Interest | 1 | 1 | 1 | 2 | 6 | 16 | 8 | 6 | 8 | 22 | 42 | 92 |
Depreciation | 4 | 5 | 5 | 6 | 7 | 20 | 20 | 21 | 24 | 30 | 34 | 37 |
Profit before tax | -66 | -26 | 5 | 7 | -13 | 4 | 75 | 186 | 251 | 292 | 325 | 213 |
Tax % | 0% | 0% | 0% | 43% | 0% | 0% | 3% | 13% | 26% | 26% | 24% | 21% |
-66 | -26 | 5 | 4 | -13 | 4 | 73 | 162 | 186 | 216 | 246 | 169 | |
EPS in Rs | -23.35 | -8.93 | 1.51 | 1.17 | -3.52 | 1.11 | 14.87 | 11.03 | 12.70 | 14.73 | 16.14 | 11.07 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 26% | 29% | 36% | 35% | 53% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 16% |
3 Years: | 13% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 23% |
5 Years: | 17% |
3 Years: | 0% |
TTM: | -24% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -13% |
1 Year: | -26% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 23% |
3 Years: | 19% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 7 | 7 | 7 | 6 | 9 | 28 | 29 | 29 | 30 | 30 |
Reserves | 63 | 79 | 84 | 156 | 143 | -96 | 220 | 518 | 641 | 797 | 1,444 | 1,522 |
37 | 48 | 71 | 95 | 138 | 406 | 150 | 193 | 250 | 543 | 512 | 1,175 | |
35 | 49 | 51 | 54 | 71 | 95 | 129 | 168 | 163 | 208 | 222 | 327 | |
Total Liabilities | 140 | 182 | 213 | 311 | 360 | 412 | 508 | 907 | 1,083 | 1,576 | 2,208 | 3,054 |
8 | 7 | 8 | 11 | 44 | 61 | 38 | 29 | 63 | 199 | 203 | 206 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 |
Investments | 51 | 68 | 70 | 155 | 161 | 98 | 83 | 489 | 524 | 197 | 197 | 1,275 |
82 | 107 | 135 | 145 | 155 | 252 | 387 | 389 | 495 | 1,178 | 1,807 | 1,573 | |
Total Assets | 140 | 182 | 213 | 311 | 360 | 412 | 508 | 907 | 1,083 | 1,576 | 2,208 | 3,054 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-88 | 113 | 150 | 159 | 172 | 189 | 102 | ||||||
-30 | -72 | -284 | -111 | -342 | -506 | -608 | ||||||
118 | -13 | 170 | -72 | 102 | 358 | 450 | ||||||
Net Cash Flow | -0 | 27 | 36 | -24 | -68 | 41 | -56 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 124 | 83 | 73 | 57 | 77 | 79 | 60 | 56 | 57 | 54 | 57 | 65 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 124 | 83 | 73 | 57 | 77 | 79 | 60 | 56 | 57 | 54 | 57 | 65 |
Working Capital Days | 79 | 52 | 59 | 63 | 52 | 76 | 29 | 36 | 49 | 53 | 60 | 130 |
ROCE % | -84% | -26% | 1% | -1% | -6% | 16% | 27% | 34% | 31% | 27% | 22% | 14% |
Documents
Announcements
-
Investor Meeting Scheduled For May 23, 2025
11h - Happiest Minds will not attend May 23, 2025 investor meeting due to other commitments.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11h - Of Schedule of Analyst / Institutional Investor Meeting under the SEBI (LODR) Regulations, 2015
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11h - Scheduled analyst/institutional investor meeting on May 27, 2025, in Mumbai (in-person).
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
19 May - Scheduled virtual analyst meeting on May 23, 2025, hosted by MACM India in Mumbai.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
17 May - Transcript of Earnings Call held on May 13, 2025
Annual reports
Concalls
-
May 2025Transcript PPT
-
Feb 2025Transcript PPT
-
Nov 2024Transcript PPT REC
-
Aug 2024Transcript PPT
-
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 Segments
1) Product & Digital Engineering Services (82% in FY25 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]