Happiest Minds Technologies Ltd

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

Happiest Minds Technologies Ltd

₹ 516 -1.03%
31 Oct 10:21 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 ₹ 7,860 Cr.
  • Current Price ₹ 516
  • High / Low ₹ 796 / 487
  • Stock P/E 38.4
  • Book Value ₹ 102
  • Dividend Yield 1.16 %
  • 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%
  • Company's median sales growth is 18.3% of last 10 years

Cons

  • Earnings include an other income of Rs.159 Cr.
  • Promoter holding has decreased over last 3 years: -9.04%

* 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 Nifty 500 BSE SmallCap BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
338 345 342 357 370 371 375 372 403 373 361 406 430
254 266 262 276 298 302 308 312 334 322 335 343 363
Operating Profit 83 79 80 81 72 68 68 60 69 51 26 62 68
OPM % 25% 23% 23% 23% 19% 18% 18% 16% 17% 14% 7% 15% 16%
4 8 9 14 22 51 26 26 27 22 70 29 39
Interest 5 6 9 10 11 11 10 18 25 24 25 23 24
Depreciation 7 8 8 8 9 9 9 9 13 10 9 13 13
Profit before tax 76 73 73 78 74 99 74 60 58 39 62 55 70
Tax % 27% 22% 29% 26% 26% 20% 27% 27% 26% 27% 7% 26% 19%
55 57 51 57 55 80 54 44 43 29 58 40 56
EPS in Rs 3.77 3.90 3.49 3.91 3.58 5.24 3.54 2.88 2.82 1.88 3.79 2.66 3.69
Raw PDF

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 TTM
171 270 341 431 444 590 698 761 1,034 1,333 1,473 1,481 1,570
239 296 339 430 461 531 599 571 788 1,012 1,184 1,283 1,363
Operating Profit -69 -27 2 1 -17 59 99 190 246 321 289 198 207
OPM % -40% -10% 1% 0% -4% 10% 14% 25% 24% 24% 20% 13% 13%
7 7 10 15 17 -19 5 23 38 22 113 144 159
Interest 1 1 1 2 6 16 8 7 8 22 42 92 96
Depreciation 4 5 5 6 7 20 20 21 24 30 34 37 45
Profit before tax -66 -26 5 7 -13 4 75 186 251 292 325 213 226
Tax % 0% 0% 0% 43% 0% 0% 3% 13% 26% 26% 24% 21%
-66 -26 5 4 -13 4 73 162 186 216 246 169 183
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 12.02
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: 3%
Compounded Profit Growth
10 Years: 23%
5 Years: 17%
3 Years: 0%
TTM: -7%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: -19%
1 Year: -32%
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 Sep 2025
Equity Capital 6 6 7 7 7 6 9 28 29 29 30 30 30
Reserves 63 79 84 156 143 -96 220 518 641 797 1,444 1,522 1,529
37 48 71 95 138 406 150 193 250 543 512 1,175 1,244
35 49 51 54 71 95 129 168 163 208 222 327 269
Total Liabilities 140 182 213 311 360 412 508 907 1,083 1,576 2,208 3,054 3,072
8 7 8 11 44 61 38 29 63 199 203 206 304
CWIP 0 0 0 0 0 0 0 0 0 3 0 0 0
Investments 51 68 70 155 161 98 83 489 524 197 197 1,275 1,266
82 107 135 145 155 252 387 389 495 1,178 1,807 1,573 1,502
Total Assets 140 182 213 311 360 412 508 907 1,083 1,576 2,208 3,054 3,072

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 -613
118 -13 169 -72 102 358 450
Net Cash Flow -0 27 36 -24 -68 41 -62

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 -20 -33 -20 -52 -30 -153
ROCE % -84% -26% 1% -1% -6% 16% 27% 34% 31% 27% 22% 14%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
53.24% 53.24% 53.24% 51.35% 50.24% 50.24% 44.23% 44.23% 44.23% 44.22% 44.22% 44.21%
4.07% 4.15% 4.52% 5.14% 5.05% 4.69% 5.31% 5.33% 5.34% 5.04% 5.33% 5.39%
1.32% 1.26% 1.26% 2.43% 2.41% 2.57% 2.85% 4.18% 6.08% 10.58% 10.57% 10.20%
38.74% 38.84% 38.68% 38.94% 40.20% 40.58% 45.82% 44.61% 42.83% 38.70% 38.48% 38.83%
2.61% 2.50% 2.28% 2.15% 2.10% 1.92% 1.79% 1.65% 1.52% 1.46% 1.40% 1.36%
No. of Shareholders 7,12,8487,11,5686,96,7947,28,3167,36,1307,32,2537,59,6417,28,4437,07,1466,87,7886,79,1286,64,262

* 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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