Happiest Minds Technologies Ltd

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

Happiest Minds Technologies Ltd

₹ 609 0.33%
23 May 9:29 a.m.
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 (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]

Website BSE NSE
  • 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
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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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
287 308 338 345 342 357 370 371 375 372 375 373 361
214 229 254 266 262 276 298 302 308 312 315 322 335
Operating Profit 73 78 83 79 80 81 72 68 68 60 60 51 26
OPM % 26% 25% 25% 23% 23% 23% 19% 18% 18% 16% 16% 14% 7%
17 1 4 8 9 14 22 51 26 26 26 22 70
Interest 2 2 5 6 9 10 11 11 10 18 25 24 25
Depreciation 7 7 7 8 8 8 9 9 9 9 9 10 9
Profit before tax 81 70 76 73 73 78 74 99 74 60 52 39 62
Tax % 23% 25% 27% 22% 29% 26% 26% 20% 27% 27% 27% 27% 7%
62 53 55 57 51 57 55 80 54 44 38 29 58
EPS in Rs 4.24 3.58 3.77 3.90 3.49 3.91 3.58 5.24 3.54 2.88 2.51 1.88 3.79
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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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
53.25% 53.24% 53.24% 53.24% 53.24% 51.35% 50.24% 50.24% 44.23% 44.23% 44.23% 44.22%
4.00% 3.94% 4.07% 4.15% 4.52% 5.14% 5.05% 4.69% 5.31% 5.33% 5.34% 5.04%
1.42% 1.48% 1.32% 1.26% 1.26% 2.43% 2.41% 2.57% 2.85% 4.18% 6.08% 10.58%
38.55% 38.65% 38.74% 38.84% 38.68% 38.94% 40.20% 40.58% 45.82% 44.61% 42.83% 38.70%
2.78% 2.67% 2.61% 2.50% 2.28% 2.15% 2.10% 1.92% 1.79% 1.65% 1.52% 1.46%
No. of Shareholders 7,18,6367,19,1977,12,8487,11,5686,96,7947,28,3167,36,1307,32,2537,59,6417,28,4437,07,1466,87,788

* 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.

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