Happiest Minds Technologies Ltd
Incorporated in 2011, Happiest Minds Technologies Ltd is a next generation IT solutions & services Company[1]
- 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
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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
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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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of Schedule of Analyst / Institutional Investor Meeting under the SEBI (LODR) Regulations, 2015 that the Company would be participating.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
18 May - Listing Obligations Disclosure Requirements) Regulations, 2015, read with SEBI, BSE and NSE Circulars issued from time to time, please find enclosed herewith the Annual Secretarial …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 May - Happiest Minds Technologies honored with STPI Exports & Excellence Awards 2021-22
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 15 May
- Communication To Shareholders - Financial Results For The Quarter And Financial Year Ended March 31, 2023 12 May
Concalls
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May 2023Transcript PPT
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Nov 2021Transcript PPT
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Mar 2021TranscriptPPT
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Feb 2021Transcript PPT
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Nov 2020Transcript PPT
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