Happiest Minds Technologies Ltd

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

Happiest Minds Technologies Ltd

₹ 518 0.26%
28 Oct 4:01 p.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) 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]

Website BSE NSE
  • Market Cap ₹ 7,881 Cr.
  • Current Price ₹ 518
  • High / Low ₹ 796 / 487
  • Stock P/E 39.8
  • Book Value ₹ 103
  • Dividend Yield 1.16 %
  • ROCE 15.2 %
  • ROE 12.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 38.9%

Cons

  • Promoter holding has decreased over last 3 years: -9.04%

* 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 500 BSE Information Technology Nifty 500 BSE SmallCap BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
329 356 367 378 391 407 410 417 464 522 531 545 550
242 265 277 286 302 324 329 334 379 430 437 461 456
Operating Profit 87 91 89 92 89 83 81 83 85 92 94 84 94
OPM % 26% 25% 24% 24% 23% 20% 20% 20% 18% 18% 18% 15% 17%
1 4 1 8 14 22 25 38 25 27 23 14 30
Interest 3 5 6 9 10 11 11 10 20 28 27 25 25
Depreciation 9 10 10 13 14 15 15 15 22 23 21 23 22
Profit before tax 76 80 75 79 79 79 81 96 68 68 69 50 77
Tax % 25% 26% 23% 27% 26% 26% 26% 25% 25% 27% 27% 33% 26%
56 59 58 58 58 58 60 72 51 50 50 34 57
EPS in Rs 3.84 4.05 3.92 3.93 3.97 3.84 3.92 4.73 3.35 3.25 3.29 2.23 3.75
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Upcoming result date: today

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
590 698 773 1,094 1,429 1,625 2,061 2,147
535 601 582 836 1,070 1,289 1,706 1,783
Operating Profit 55 97 191 258 359 336 354 364
OPM % 9% 14% 25% 24% 25% 21% 17% 17%
-1 5 24 31 15 99 89 94
Interest 16 8 7 10 22 42 99 104
Depreciation 25 20 23 33 42 58 89 89
Profit before tax 13 74 186 246 310 335 255 264
Tax % -9% 3% 13% 26% 25% 26% 28%
14 72 162 181 231 248 185 191
EPS in Rs 3.82 14.52 11.06 12.34 15.73 16.31 12.13 12.52
Dividend Payout % 0% 0% 26% 30% 34% 35% 49%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: 24%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 1%
TTM: -14%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: -19%
1 Year: -33%
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
358 129 176 205 256 242 505
Total Liabilities 414 508 915 1,120 1,628 2,235 3,323
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 1,761
Total Assets 414 508 915 1,120 1,628 2,235 3,323

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
58 112 144 168 207 213 236
1 -72 -271 -96 -348 -537 -731
-59 -13 169 -91 72 363 499
Net Cash Flow -0 27 42 -19 -68 39 4

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 -21 -33 -24 -50 -28 -109
ROCE % 43% 35% 32% 30% 22% 15%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
53.24% 53.24% 53.24% 51.35% 50.24% 50.24% 44.23% 44.23% 44.23% 44.22% 44.22% 44.21%
4.07% 4.15% 4.52% 5.14% 5.05% 4.69% 5.31% 5.33% 5.34% 5.04% 5.33% 5.39%
1.32% 1.26% 1.26% 2.43% 2.41% 2.57% 2.85% 4.18% 6.08% 10.58% 10.57% 10.20%
38.74% 38.84% 38.68% 38.94% 40.20% 40.58% 45.82% 44.61% 42.83% 38.70% 38.48% 38.83%
2.61% 2.50% 2.28% 2.15% 2.10% 1.92% 1.79% 1.65% 1.52% 1.46% 1.40% 1.36%
No. of Shareholders 7,12,8487,11,5686,96,7947,28,3167,36,1307,32,2537,59,6417,28,4437,07,1466,87,7886,79,1286,64,262

* 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.

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Documents

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DRHP

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