Happiest Minds Technologies Ltd
Incorporated in 2011, Happiest Minds Technologies Ltd is a next generation IT solutions & services Company[1]
- Market Cap ₹ 12,370 Cr.
- Current Price ₹ 812
- High / Low ₹ 1,023 / 738
- Stock P/E 51.1
- Book Value ₹ 90.4
- Dividend Yield 0.66 %
- 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 32.4%
- Company has been maintaining a healthy dividend payout of 30.2%
- Company's median sales growth is 26.5% of last 10 years
Cons
- Stock is trading at 8.98 times its book value
- Promoter holding has decreased over last 3 years: -3.01%
* 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
8 | 69 | 171 | 270 | 341 | 431 | 444 | 590 | 698 | 761 | 1,034 | 1,333 | 1,440 | |
37 | 120 | 239 | 296 | 339 | 430 | 461 | 531 | 599 | 571 | 788 | 1,012 | 1,138 | |
Operating Profit | -29 | -51 | -69 | -27 | 2 | 1 | -17 | 59 | 99 | 190 | 246 | 321 | 302 |
OPM % | -372% | -75% | -40% | -10% | 1% | 0% | -4% | 10% | 14% | 25% | 24% | 24% | 21% |
0 | 6 | 7 | 7 | 10 | 15 | 17 | -19 | 5 | 23 | 38 | 22 | 96 | |
Interest | 0 | 0 | 1 | 1 | 1 | 2 | 6 | 16 | 8 | 6 | 8 | 22 | 41 |
Depreciation | 0 | 2 | 4 | 5 | 5 | 6 | 7 | 20 | 20 | 21 | 24 | 30 | 33 |
Profit before tax | -29 | -47 | -66 | -26 | 5 | 7 | -13 | 4 | 75 | 186 | 251 | 292 | 324 |
Tax % | 0% | 0% | 0% | 0% | 0% | 43% | 0% | 0% | 3% | 13% | 26% | 26% | |
-29 | -47 | -66 | -26 | 5 | 4 | -13 | 4 | 73 | 162 | 186 | 216 | 243 | |
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 | 16.22 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 26% | 29% | 36% |
Compounded Sales Growth | |
---|---|
10 Years: | 35% |
5 Years: | 25% |
3 Years: | 24% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 21% |
5 Years: | 63% |
3 Years: | 37% |
TTM: | 9% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 8% |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | 24% |
5 Years: | 37% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 5 | 6 | 6 | 7 | 7 | 7 | 6 | 9 | 28 | 29 | 29 | 30 |
Reserves | 77 | 27 | 63 | 79 | 84 | 156 | 143 | -96 | 220 | 518 | 641 | 797 | 1,348 |
Preference Capital | 16 | 16 | 29 | 34 | 34 | 41 | 41 | 22 | 36 | 0 | 0 | 0 | |
0 | 3 | 7 | 13 | 36 | 54 | 97 | 384 | 114 | 193 | 250 | 543 | 539 | |
25 | 42 | 65 | 84 | 85 | 95 | 112 | 118 | 165 | 168 | 163 | 208 | 220 | |
Total Liabilities | 104 | 77 | 140 | 182 | 213 | 311 | 360 | 412 | 508 | 907 | 1,083 | 1,576 | 2,136 |
2 | 7 | 8 | 7 | 8 | 11 | 44 | 61 | 38 | 29 | 63 | 199 | 211 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 |
Investments | 89 | 21 | 51 | 68 | 70 | 155 | 161 | 98 | 83 | 489 | 524 | 197 | 197 |
14 | 49 | 82 | 107 | 135 | 145 | 155 | 252 | 387 | 389 | 495 | 1,178 | 1,725 | |
Total Assets | 104 | 77 | 140 | 182 | 213 | 311 | 360 | 412 | 508 | 907 | 1,083 | 1,576 | 2,136 |
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 | -342 | ||||||
0 | 0 | 118 | -13 | 170 | -72 | 102 | ||||||
Net Cash Flow | 4 | 0 | -0 | 27 | 36 | -24 | -68 |
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 | 49 | 53 |
ROCE % | -64% | -84% | -26% | 1% | -1% | -6% | 16% | 27% | 34% | 31% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
18h - Happiest Minds has executed a Share Purchase Agreement to acquire 100% equity interest in Macmillan Learning India Private Limited
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Happiest Minds Technologies is ranked #2 among Fortune''s Top 30 Future-Ready Workplaces of India
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 Apr - Happiest Minds develops an innovative GenAI chatbot for Happiest Health
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 Apr - MindSculpt Analytics engages Happiest Minds to build advanced AI Medical Preventive & Diagnostic solutions
- Compliance Certificate As per Regulation 40(9) Of SEBI (LODR) Regulations, 2015 12 Apr
Annual reports
Concalls
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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.