Happiest Minds Technologies Ltd

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

Happiest Minds Technologies Ltd

₹ 819 0.97%
24 Apr - close price
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 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.

Website BSE NSE
  • Market Cap ₹ 12,461 Cr.
  • Current Price ₹ 819
  • High / Low ₹ 1,023 / 738
  • Stock P/E 53.4
  • Book Value ₹ 91.6
  • Dividend Yield 0.66 %
  • ROCE 29.6 %
  • ROE 31.3 %
  • Face Value ₹ 2.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.4%
  • Company has been maintaining a healthy dividend payout of 29.7%

Cons

  • Stock is trading at 8.95 times its book value
  • Company might be capitalizing the interest cost
  • 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
193 221 245 265 284 301 329 356 367 378 391 407 410
142 165 188 204 216 229 242 265 277 286 302 324 329
Operating Profit 51 56 57 61 68 72 87 91 89 92 89 83 81
OPM % 27% 25% 23% 23% 24% 24% 26% 25% 24% 24% 23% 20% 20%
8 3 3 10 8 10 1 4 1 8 14 22 25
Interest 1 2 2 2 2 3 3 5 6 9 10 11 11
Depreciation 5 7 7 8 8 9 9 10 10 13 14 15 15
Profit before tax 53 49 51 59 65 70 76 80 75 79 79 79 81
Tax % 21% 27% 30% 25% 25% 25% 25% 26% 23% 27% 26% 26% 26%
42 36 36 44 49 52 56 59 58 58 58 58 60
EPS in Rs 2.87 2.45 2.43 3.03 3.33 3.55 3.84 4.05 3.92 3.93 3.97 3.84 3.92
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
590 698 773 1,094 1,429 1,585
535 601 582 836 1,070 1,240
Operating Profit 55 97 191 258 359 345
OPM % 9% 14% 25% 24% 25% 22%
-1 5 24 31 15 70
Interest 16 8 6 10 22 41
Depreciation 25 20 23 33 42 57
Profit before tax 13 74 186 246 310 317
Tax % -9% 3% 13% 26% 25%
14 72 162 181 231 234
EPS in Rs 3.82 14.52 11.06 12.34 15.73 15.66
Dividend Payout % 0% 0% 26% 30% 34%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 27%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 42%
TTM: 2%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 8%
1 Year: 2%
Return on Equity
10 Years: %
5 Years: %
3 Years: 33%
Last Year: 31%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6 9 28 29 29 30
Reserves -94 220 518 637 810 1,364
Preference Capital 22 36 0 0 0
121 114 193 250 534 530
380 165 176 205 256 279
Total Liabilities 414 508 915 1,120 1,628 2,203
61 38 128 158 432 432
CWIP 0 0 0 0 3 3
Investments 98 83 391 472 13 11
254 387 395 491 1,181 1,758
Total Assets 414 508 915 1,120 1,628 2,203

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
58 112 143 168 207
1 -72 -271 -96 -348
-59 -13 170 -91 72
Net Cash Flow -0 27 42 -19 -68

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 80 60 58 56 54
Inventory Days
Days Payable
Cash Conversion Cycle 80 60 58 56 54
Working Capital Days -86 29 34 41 45
ROCE % 43% 34% 32% 30%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.25% 53.25% 53.25% 53.26% 53.25% 53.24% 53.24% 53.24% 53.24% 51.35% 50.24% 50.24%
6.23% 7.05% 6.93% 6.29% 4.00% 3.94% 4.07% 4.15% 4.52% 5.14% 5.05% 4.69%
4.02% 2.07% 1.73% 1.48% 1.42% 1.48% 1.32% 1.26% 1.26% 2.43% 2.41% 2.57%
33.20% 34.46% 35.06% 36.08% 38.55% 38.65% 38.74% 38.84% 38.68% 38.94% 40.20% 40.58%
3.30% 3.16% 3.02% 2.90% 2.78% 2.67% 2.61% 2.50% 2.28% 2.15% 2.10% 1.92%
No. of Shareholders 3,43,5345,27,5096,04,0376,75,1227,18,6367,19,1977,12,8487,11,5686,96,7947,28,3167,36,1307,32,253

* 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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