Happiest Minds Technologies Ltd

₹ 840 -0.10%
03 Feb - close price
About

Happiest Minds founded in 2011 is headquartered in Bangalore, with operations in the U.S, UK, Canada, Australia and Middle East.
It is an IT company, ranked 4 in IT Services which works on disruptive technologies such as artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, etc. [1]
Received a 4.2 rating by Glassdoor. Number 2 in IT services companies.
Ashok Soota the executive chairman of the company is the main promoter and was earlier Founding Chairman & MD of MindTree, prior to MindTree, he led Wipro’s IT business for fifteen years [2] [3]

Key Points

IPO
Launched in September 2020 at 166 per share.

  • Market Cap 12,330 Cr.
  • Current Price 840
  • High / Low 1,224 / 786
  • Stock P/E 55.4
  • Book Value 50.2
  • Dividend Yield 0.45 %
  • ROCE 31.2 %
  • ROE 30.6 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 112% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 38.9%
  • Company has been maintaining a healthy dividend payout of 18.3%

Cons

  • Stock is trading at 16.7 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
172 186 177 183 193 208 230 250 266 287 308 338 345
147 165 140 139 142 153 177 192 206 214 229 254 266
Operating Profit 24 21 37 44 51 55 54 59 60 73 78 83 79
OPM % 14% 11% 21% 24% 27% 26% 23% 23% 23% 26% 25% 25% 23%
4 -7 9 5 8 3 3 10 8 17 1 4 8
Interest 2 2 2 2 1 2 2 2 2 2 2 5 6
Depreciation 5 5 5 5 5 5 5 6 6 7 7 7 8
Profit before tax 22 7 39 43 53 51 50 60 60 81 70 76 73
Tax % 0% 28% -24% 20% 21% 27% 30% 26% 25% 23% 25% 27% 22%
Net Profit 22 5 49 34 42 37 35 44 45 62 53 55 57
EPS in Rs 5.79 0.99 4.52 2.32 2.87 2.51 2.38 3.03 3.05 4.24 3.58 3.77 3.90
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 TTM
8 69 171 270 341 431 444 590 698 761 1,034 1,277
37 120 239 296 339 430 461 531 599 571 788 963
Operating Profit -29 -51 -69 -27 2 1 -17 59 99 190 246 314
OPM % -372% -75% -40% -10% 1% 0% -4% 10% 14% 25% 24% 25%
0 6 7 7 10 15 17 -19 5 23 38 30
Interest 0 0 1 1 1 2 6 16 8 6 8 15
Depreciation 0 2 4 5 5 6 7 20 20 21 24 29
Profit before tax -29 -47 -66 -26 5 7 -13 4 75 186 251 300
Tax % 0% 0% 0% 0% 0% 43% 0% 0% 3% 13% 26%
Net Profit -29 -47 -66 -26 5 4 -13 4 73 162 186 227
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 15.49
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 26% 29%
Compounded Sales Growth
10 Years: 63%
5 Years: 19%
3 Years: 21%
TTM: 34%
Compounded Profit Growth
10 Years: 24%
5 Years: 112%
3 Years: 76%
TTM: 35%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -27%
Return on Equity
10 Years: 15%
5 Years: 32%
3 Years: 39%
Last Year: 31%

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 Sep 2022
19 21 35 40 41 48 49 28 45 28 29 29
Reserves 74 27 62 76 84 156 143 -96 220 518 641 709
0 3 7 13 36 54 97 384 114 193 250 393
28 43 65 86 86 95 112 118 165 168 163 187
Total Liabilities 104 77 140 182 213 311 360 412 508 907 1,083 1,318
2 7 8 7 8 11 44 61 38 29 63 201
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 89 21 51 68 70 155 161 98 83 489 524 324
14 49 82 107 135 145 155 252 387 389 495 792
Total Assets 104 77 140 182 213 311 360 412 508 907 1,083 1,318

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
-59 -94 -88 113 150 159
62 95 -30 -72 -284 -111
0 0 118 -13 170 -72
Net Cash Flow 4 0 -0 27 36 -24

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
Debtor Days 171 138 124 83 73 57 77 79 60 56 57
Inventory Days
Days Payable
Cash Conversion Cycle 171 138 124 83 73 57 77 79 60 56 57
Working Capital Days -83 81 79 52 59 63 52 76 29 36 48
ROCE % -65% -84% -26% 1% -1% -6% 16% 27% 34% 31%

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
53.25 53.25 53.25 53.25 53.25 53.25 53.26 53.25 53.24 53.24
7.21 7.51 7.07 6.23 7.05 6.93 6.29 4.00 3.94 4.07
7.36 6.36 7.38 4.02 2.07 1.73 1.48 1.42 1.48 1.32
32.18 32.88 32.30 33.20 34.46 35.06 36.08 38.55 38.65 38.74
0.00 0.00 0.00 3.30 3.16 3.02 2.90 2.78 2.67 2.61

* 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