Happiest Minds Technologies Ltd

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

₹ 317 0.00%
13 Nov 10:55 a.m.
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 Segments:[1]
a) Product & Digital Engineering Services (78.3% in Q1 FY27 vs 80.4% in Q1 FY26):[2]
In FY24, the company merged
Integrated Product Engineering
Services (PES) and Digital Business
Services (DBS) into a single unit viz.
Product & Digital Engineering Services

PDES serves 6 verticals:
BFSI, EdTech, Healthcare,
Industrial & Manufacturing,
Hi-Tech & Media, and Retail
& Logistics. Its offerings include
digital automation, learning platforms,
healthcare tech, chip-to-cloud services,
platform development and supply
chain modernisation.[3][4]

Website BSE NSE
  • Market Cap ₹ 4,829 Cr.
  • Current Price ₹ 317
  • High / Low ₹ 520 / 295
  • Stock P/E
  • Book Value ₹ 112
  • Dividend Yield 2.05 %
  • ROCE 13.3 %
  • ROE 15.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 45.3%

Cons

  • Promoter holding has decreased over last 3 years: -7.14%

* 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

Information Technology Information Technology IT - Software Computers - Software & Consulting

Part of BSE Information Technology Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Sep 2020 Sep 2021 Sep 2022 Sep 2023 Sep 2024 Sep 2025 Sep 2026
340 360 481 645 727 802 1,028 1,160
287 278 368 484 574 664 856 946
Operating Profit 53 82 113 162 153 138 172 214
OPM % 16% 23% 23% 25% 21% 17% 17% 18%
8 14 13 5 36 53 69 40
Interest 4 3 4 7 21 43 46 57
Depreciation 10 10 11 14 16 25 40 42
Profit before tax 47 82 110 146 152 123 154 156
Tax % 0% -1% 28% 26% 26% 27% 23% 26%
47 83 79 108 112 91 119 115
EPS in Rs 12.65 5.64 5.41 7.34 7.35 5.94 7.80 7.58
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
270 341 431 444 590 698 761 1,034 1,333 1,473 1,594 1,726
296 339 430 461 531 599 571 788 1,012 1,184 1,358 1,467
Operating Profit -27 2 1 -17 59 99 190 246 321 289 236 259
OPM % -10% 0.6% 0.2% -3.8% 10% 14% 25% 24% 24% 20% 15% 15%
7 10 15 17 -19 5 23 38 22 113 113 155
Interest 1 1 2 6 16 8 7 8 22 42 91 92
Depreciation 5 5 6 7 20 20 21 24 30 34 51 51
Profit before tax -26 5 7 -13 4 75 186 251 292 325 207 270
Tax % 0% 0% 43% 0% 0% 3% 13% 26% 26% 24% 25% 17%
-26 5 4 -13 4 73 162 186 216 246 155 224
EPS in Rs -8.93 1.51 1.17 -3.52 1.11 14.87 11.03 12.70 14.73 16.14 10.21 14.72
Dividend Payout % 0% 0% 0% 0% 0% 0% 26% 29% 36% 35% 58% 43%
Compounded Sales Growth
10 Years: 18%
5 Years: 18%
3 Years: 9%
TTM: 8%
Compounded Profit Growth
10 Years: 104%
5 Years: 8%
3 Years: 4%
TTM: 40%
Stock Price CAGR
10 Years: %
5 Years: -25%
3 Years: -28%
1 Year: -37%
Return on Equity
10 Years: 21%
5 Years: 19%
3 Years: 16%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 6 7 7 7 6 9 28 29 29 30 30 30 30
Reserves 79 84 156 143 -96 220 518 641 797 1,444 1,494 1,607 1,676
48 71 95 138 406 150 193 250 543 512 1,176 1,421 1,593
49 51 54 71 95 129 168 163 208 222 333 313 354
Total Liabilities 182 213 311 360 412 508 907 1,083 1,576 2,208 3,034 3,371 3,653
7 8 11 44 61 38 29 63 199 203 316 291 1,058
CWIP 0 0 0 0 0 0 0 0 3 0 0 1 2
Investments 68 70 155 161 98 83 489 524 197 197 1,133 1,303 607
107 135 145 155 252 387 389 495 1,178 1,807 1,584 1,775 1,986
Total Assets 182 213 311 360 412 508 907 1,083 1,576 2,208 3,034 3,371 3,653

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
113 150 159 172 189 133 88
-72 -284 -111 -342 -506 -650 -23
-13 169 -72 102 358 450 -53
Net Cash Flow 27 36 -24 -68 41 -67 12
Free Cash Flow 111 149 155 37 179 124 83
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 120% 98% 86% 80% 95% 90% 58%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 83 73 57 77 79 60 56 57 54 57 64 72
Inventory Days
Days Payable
Cash Conversion Cycle 83 73 57 77 79 60 56 57 54 57 64 72
Working Capital Days 52 59 63 52 76 -20 -33 -20 -52 -30 -139 -156
ROCE % -26% 1% -1% -6% 16% 27% 34% 31% 27% 22% 14% 13%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Active Customers
count

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BFSI Revenue Share
%
Million Dollar Customers
count
Offshore Revenue Mix
%
Total Headcount
count
USA Revenue Share
%
Utilization
%
Voluntary Attrition (TTM)
%
Average Revenue per Active Customer
USD '000

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

7 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
50.24% 50.24% 44.23% 44.23% 44.23% 44.22% 44.22% 44.21% 44.21% 44.21% 44.21% 44.21%
5.05% 4.69% 5.31% 5.33% 5.34% 5.04% 5.33% 5.39% 5.89% 5.94% 6.00% 6.51%
2.41% 2.57% 2.85% 4.18% 6.08% 10.58% 10.57% 10.20% 9.62% 8.99% 5.66% 3.22%
40.20% 40.58% 45.82% 44.61% 42.83% 38.70% 38.48% 38.83% 38.94% 39.53% 42.89% 44.86%
2.10% 1.92% 1.79% 1.65% 1.52% 1.46% 1.40% 1.36% 1.34% 1.32% 1.24% 1.22%
No. of Shareholders 7,36,1307,32,2537,59,6417,28,4437,07,1466,87,7886,79,1286,64,2626,50,7496,42,2746,40,9836,37,228

* 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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