Happiest Minds Technologies Ltd

Happiest Minds Technologies Ltd

₹ 839 -1.94%
04 Mar 4:01 p.m.
About

Incorporated in 2011, Happiest Minds Technologies Ltd is a next generation IT solutions & services Company[1]

Key Points

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.

  • Market Cap 12,782 Cr.
  • Current Price 839
  • High / Low 1,023 / 763
  • Stock P/E 52.8
  • Book Value 90.4
  • Dividend Yield 0.63 %
  • ROCE 27.4 %
  • ROE 28.9 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 63.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%
  • Company has been maintaining a healthy dividend payout of 30.2%
  • Company's median sales growth is 26.5% of last 10 years

Cons

  • Stock is trading at 9.36 times its book value
  • Promoter holding has decreased over last quarter: -1.11%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
193 208 230 250 266 287 308 338 345 342 357 370 371
142 153 177 192 206 214 229 254 266 262 276 298 302
Operating Profit 51 55 54 59 60 73 78 83 79 80 81 72 68
OPM % 27% 26% 23% 23% 23% 26% 25% 25% 23% 23% 23% 19% 18%
8 3 3 10 8 17 1 4 8 9 14 22 51
Interest 1 2 2 2 2 2 2 5 6 9 10 11 11
Depreciation 5 5 5 6 6 7 7 7 8 8 8 9 9
Profit before tax 53 51 50 60 60 81 70 76 73 73 78 74 99
Tax % 21% 27% 30% 26% 25% 23% 25% 27% 22% 29% 26% 26% 20%
42 37 35 44 45 62 53 55 57 51 57 55 80
EPS in Rs 2.87 2.51 2.38 3.03 3.05 4.24 3.58 3.77 3.90 3.49 3.91 3.58 5.24
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
8 69 171 270 341 431 444 590 698 761 1,034 1,333 1,440
37 120 239 296 339 430 461 531 599 571 788 1,012 1,138
Operating Profit -29 -51 -69 -27 2 1 -17 59 99 190 246 321 302
OPM % -372% -75% -40% -10% 1% 0% -4% 10% 14% 25% 24% 24% 21%
0 6 7 7 10 15 17 -19 5 23 38 22 96
Interest 0 0 1 1 1 2 6 16 8 6 8 22 41
Depreciation 0 2 4 5 5 6 7 20 20 21 24 30 33
Profit before tax -29 -47 -66 -26 5 7 -13 4 75 186 251 292 324
Tax % 0% 0% 0% 0% 0% 43% 0% 0% 3% 13% 26% 26%
-29 -47 -66 -26 5 4 -13 4 73 162 186 216 243
EPS in Rs -23.68 -19.05 -23.35 -8.93 1.51 1.17 -3.52 1.11 14.87 11.03 12.70 14.73 16.22
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 26% 29% 36%
Compounded Sales Growth
10 Years: 35%
5 Years: 25%
3 Years: 24%
TTM: 13%
Compounded Profit Growth
10 Years: 21%
5 Years: 63%
3 Years: 37%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 17%
1 Year: 0%
Return on Equity
10 Years: 24%
5 Years: 37%
3 Years: 32%
Last Year: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 5 6 6 7 7 7 6 9 28 29 29 30
Reserves 77 27 63 79 84 156 143 -96 220 518 641 797 1,348
Preference Capital 16 16 29 34 34 41 41 22 36 0 0 0
0 3 7 13 36 54 97 384 114 193 250 543 539
25 42 65 84 85 95 112 118 165 168 163 208 220
Total Liabilities 104 77 140 182 213 311 360 412 508 907 1,083 1,576 2,136
2 7 8 7 8 11 44 61 38 29 63 199 211
CWIP 0 0 0 0 0 0 0 0 0 0 0 3 3
Investments 89 21 51 68 70 155 161 98 83 489 524 197 197
14 49 82 107 135 145 155 252 387 389 495 1,178 1,725
Total Assets 104 77 140 182 213 311 360 412 508 907 1,083 1,576 2,136

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-59 -94 -88 113 150 159 172
62 95 -30 -72 -284 -111 -342
0 0 118 -13 170 -72 102
Net Cash Flow 4 0 -0 27 36 -24 -68

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 171 138 124 83 73 57 77 79 60 56 57 54
Inventory Days
Days Payable
Cash Conversion Cycle 171 138 124 83 73 57 77 79 60 56 57 54
Working Capital Days -83 81 79 52 59 63 52 76 29 36 49 53
ROCE % -64% -84% -26% 1% -1% -6% 16% 27% 34% 31% 27%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
53.25% 53.25% 53.25% 53.25% 53.26% 53.25% 53.24% 53.24% 53.24% 53.24% 51.35% 50.24%
7.07% 6.23% 7.05% 6.93% 6.29% 4.00% 3.94% 4.07% 4.15% 4.52% 5.14% 5.05%
7.38% 4.02% 2.07% 1.73% 1.48% 1.42% 1.48% 1.32% 1.26% 1.26% 2.43% 2.41%
32.30% 33.20% 34.46% 35.06% 36.08% 38.55% 38.65% 38.74% 38.84% 38.68% 38.94% 40.20%
0.00% 3.30% 3.16% 3.02% 2.90% 2.78% 2.67% 2.61% 2.50% 2.28% 2.15% 2.10%
No. of Shareholders 2,06,8483,43,5345,27,5096,04,0376,75,1227,18,6367,19,1977,12,8487,11,5686,96,7947,28,3167,36,130

* 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

Concalls