Happiest Minds Technologies Ltd
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]
- 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.
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 | 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% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Jan - Happiest Minds Acquires Sri Mookambika Infosolutions 'SMI'
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
24 Jan - Happiest Minds wins the ICAI Award for Excellence in Financial Reporting 2021-22
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
23 Jan - Transcript of Earnings Call held on January 19, 2023 at 6.00 p.m. (IST)
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Jan - Publication of Financial Results for the quarter and nine months ended December 31, 2022 pursuant to Regulation 47 of SEBI (LODR) Regulation, 2015
- Audio Recording Of Earnings Conference Call For The Quarter Ended December 31, 2022 20 Jan
Concalls
-
Jan 2023Transcript PPT
-
Jan 2023TranscriptPPT
-
Nov 2022Transcript PPT
-
Oct 2022TranscriptPPT
-
Oct 2022TranscriptPPT
-
Jul 2022Transcript PPT
-
Jul 2022Transcript PPT
-
May 2022Transcript PPT
-
May 2022TranscriptPPT
-
Feb 2022Transcript PPT
-
Jan 2022TranscriptPPT
-
Nov 2021Transcript PPT
-
Jul 2021Transcript PPT
-
May 2021Transcript PPT
-
Mar 2021TranscriptPPT
-
Feb 2021Transcript PPT
-
Nov 2020Transcript PPT
IPO
Launched in September 2020 at 166 per share.