Happiest Minds Technologies Ltd
Incorporated in 2011, Happiest Minds Technologies Ltd is a next generation IT solutions & services Company[1]
- Market Cap ₹ 9,198 Cr.
- Current Price ₹ 605
- High / Low ₹ 956 / 519
- Stock P/E 47.7
- Book Value ₹ 103
- Dividend Yield 0.95 %
- ROCE 15.3 %
- ROE 12.6 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 38.9%
Cons
- Promoter holding has decreased over last 3 years: -9.04%
- Working capital days have increased from 67.9 days to 105 days
* 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
Part of BSE 500 BSE Information Technology Nifty 500 BSE SmallCap BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
590 | 698 | 773 | 1,094 | 1,429 | 1,625 | 2,061 | |
535 | 601 | 582 | 836 | 1,070 | 1,289 | 1,706 | |
Operating Profit | 55 | 97 | 191 | 258 | 359 | 336 | 354 |
OPM % | 9% | 14% | 25% | 24% | 25% | 21% | 17% |
-1 | 5 | 24 | 31 | 15 | 99 | 89 | |
Interest | 16 | 8 | 6 | 10 | 22 | 42 | 99 |
Depreciation | 25 | 20 | 23 | 33 | 42 | 58 | 89 |
Profit before tax | 13 | 74 | 186 | 246 | 310 | 335 | 255 |
Tax % | -9% | 3% | 13% | 26% | 25% | 26% | 28% |
14 | 72 | 162 | 181 | 231 | 248 | 185 | |
EPS in Rs | 3.82 | 14.52 | 11.06 | 12.34 | 15.73 | 16.31 | 12.13 |
Dividend Payout % | 0% | 0% | 26% | 30% | 34% | 35% | 49% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 24% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 1% |
TTM: | -19% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -13% |
1 Year: | -25% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 19% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 6 | 9 | 28 | 29 | 29 | 30 | 30 |
Reserves | -94 | 220 | 518 | 637 | 810 | 1,450 | 1,545 |
144 | 150 | 193 | 250 | 534 | 512 | 1,244 | |
358 | 129 | 176 | 205 | 256 | 242 | 541 | |
Total Liabilities | 414 | 508 | 915 | 1,120 | 1,628 | 2,235 | 3,359 |
61 | 38 | 128 | 158 | 432 | 413 | 1,211 | |
CWIP | 0 | 0 | 0 | 0 | 3 | 0 | 0 |
Investments | 98 | 83 | 391 | 472 | 13 | 0 | 350 |
254 | 387 | 395 | 491 | 1,181 | 1,822 | 1,797 | |
Total Assets | 414 | 508 | 915 | 1,120 | 1,628 | 2,235 | 3,359 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
58 | 112 | 143 | 168 | 207 | 213 | 236 | |
1 | -72 | -271 | -96 | -348 | -537 | -762 | |
-59 | -13 | 170 | -91 | 72 | 363 | 499 | |
Net Cash Flow | -0 | 27 | 42 | -19 | -68 | 39 | -26 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 80 | 60 | 58 | 56 | 54 | 57 | 63 |
Inventory Days | |||||||
Days Payable | |||||||
Cash Conversion Cycle | 80 | 60 | 58 | 56 | 54 | 57 | 63 |
Working Capital Days | -86 | 29 | 34 | 41 | 45 | 53 | 105 |
ROCE % | 43% | 34% | 32% | 30% | 22% | 15% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Scheduled virtual analyst meeting on May 23, 2025, hosted by MACM India in Mumbai.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
17 May - Transcript of Earnings Call held on May 13, 2025
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Communication To Shareholders - Financial Results For The Quarter And Financial Year Ended March 31, 2025
16 May - Happiest Minds reports FY25 revenue $243.6M, 26% growth; EBITDA ₹46,224L; final dividend ₹3.5/share recommended.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 May - Scheduled virtual analyst meeting on May 21, 2025, hosted by Centrum Broking in Mumbai.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 May - Newspaper Publication of Financial Results for the quarter and year ended March 31, 2025
Annual reports
Concalls
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May 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Mar 2021TranscriptPPT
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Feb 2021Transcript PPT
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Nov 2020Transcript PPT
Business Segments
1) Product & Digital Engineering Services (82% in FY25 vs 78% in FY22): [1] [2] In FY24, the company merged Integrated Product Engineering Services (PES) and Digital Business Services (DBS) ) into a single business unit- Product & Digital Engineering Services (PDES) division. PDES serves 6 sectors, including BFSI, EdTech, Healthcare, Industrial & Manufacturing, Hi-Tech & Media, and Retail & Logistics, offering solutions like digital automation, learning platforms, healthcare tech, chip-to-cloud services, platform development, and supply chain modernization, etc. [3] [4]