Happiest Minds Technologies Ltd

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

Happiest Minds Technologies Ltd

₹ 896 0.70%
30 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 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

Website BSE NSE
  • Market Cap ₹ 13,151 Cr.
  • Current Price ₹ 896
  • High / Low ₹ 1,136 / 763
  • Stock P/E 60.8
  • Book Value ₹ 56.2
  • Dividend Yield 0.60 %
  • ROCE 27.4 %
  • ROE 28.9 %
  • Face Value ₹ 2.00
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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 32.0%
  • Company has been maintaining a healthy dividend payout of 25.8%

Cons

  • Stock is trading at 15.9 times its book value

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
186 177 183 193 208 230 250 266 287 308 338 345 342
165 140 139 142 153 177 192 206 214 229 254 266 262
Operating Profit 21 37 44 51 55 54 59 60 73 78 83 79 80
OPM % 11% 21% 24% 27% 26% 23% 23% 23% 26% 25% 25% 23% 23%
-7 9 5 8 3 3 10 8 17 1 4 8 9
Interest 2 2 2 1 2 2 2 2 2 2 5 6 9
Depreciation 5 5 5 5 5 5 6 6 7 7 7 8 8
Profit before tax 7 39 43 53 51 50 60 60 81 70 76 73 73
Tax % 28% -24% 20% 21% 27% 30% 26% 25% 23% 25% 27% 22% 29%
Net Profit 5 49 34 42 37 35 44 45 62 53 55 57 51
EPS in Rs 0.99 4.52 2.32 2.87 2.51 2.38 3.03 3.05 4.24 3.58 3.77 3.90 3.49
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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
8 69 171 270 341 431 444 590 698 761 1,034 1,333
37 120 239 296 339 430 461 531 599 571 788 1,012
Operating Profit -29 -51 -69 -27 2 1 -17 59 99 190 246 321
OPM % -372% -75% -40% -10% 1% 0% -4% 10% 14% 25% 24% 24%
0 6 7 7 10 15 17 -19 5 23 38 22
Interest 0 0 1 1 1 2 6 16 8 6 8 22
Depreciation 0 2 4 5 5 6 7 20 20 21 24 30
Profit before tax -29 -47 -66 -26 5 7 -13 4 75 186 251 292
Tax % 0% 0% 0% 0% 0% 43% 0% 0% 3% 13% 26% 26%
Net Profit -29 -47 -66 -26 5 4 -13 4 73 162 186 216
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
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 26% 29% 23%
Compounded Sales Growth
10 Years: 35%
5 Years: 25%
3 Years: 24%
TTM: 29%
Compounded Profit Growth
10 Years: 21%
5 Years: 63%
3 Years: 37%
TTM: 16%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 0%
Return on Equity
10 Years: 22%
5 Years: 36%
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
19 21 35 40 41 48 49 28 45 28 29 29
Reserves 77 27 63 79 84 156 143 -96 220 518 641 797
0 3 7 13 36 54 97 384 114 193 250 543
25 42 65 84 85 95 112 118 165 168 163 208
Total Liabilities 104 77 140 182 213 311 360 412 508 907 1,083 1,576
2 7 8 7 8 11 44 61 38 29 63 200
CWIP 0 0 0 0 0 0 0 0 0 0 0 2
Investments 89 21 51 68 70 155 161 98 83 489 524 197
14 49 82 107 135 145 155 252 387 389 495 1,178
Total Assets 104 77 140 182 213 311 360 412 508 907 1,083 1,576

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 -343
0 0 118 -13 170 -72 102
Net Cash Flow 4 0 -0 27 36 -24 -69

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 48 53
ROCE % -64% -84% -26% 1% -1% -6% 16% 27% 34% 31% 27%

Shareholding Pattern

Numbers in percentages

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
53.25 53.25 53.25 53.25 53.25 53.25 53.26 53.25 53.24 53.24 53.24
7.21 7.51 7.07 6.23 7.05 6.93 6.29 4.00 3.94 4.07 4.15
7.36 6.36 7.38 4.02 2.07 1.73 1.48 1.42 1.48 1.32 1.26
32.18 32.88 32.30 33.20 34.46 35.06 36.08 38.55 38.65 38.74 38.84
0.00 0.00 0.00 3.30 3.16 3.02 2.90 2.78 2.67 2.61 2.50

* 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

Announcements

Annual reports

DRHP

Credit ratings

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