Happiest Minds Technologies Ltd

About [ edit ]

Happiest Minds founded in 2011 is headquartered in Bangalore, with operations in the U.S, UK, Canada, Australia and Middle East.
It is an IT company, ranked 4 in IT Services which works on disruptive technologies such as artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, etc. #
Received a 4.2 rating by Glassdoor. Number 2 in IT services companies.
Ashok Soota the executive chairman of the company is the main promoter and was earlier Founding Chairman & MD of MindTree, prior to MindTree, he led Wipro’s IT business for fifteen years # #

Key Points [ edit ]
  • Market Cap 10,991 Cr.
  • Current Price 748
  • High / Low 869 / 286
  • Stock P/E 67.6
  • Book Value 37.2
  • Dividend Yield 0.40 %
  • ROCE 35.2 %
  • ROE 40.0 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 20.12 times its book value
  • Tax rate seems low
  • Company might be capitalizing the interest cost
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
165 175 172 186 177 183 193 221
142 147 147 165 139 139 142 165
Operating Profit 23 28 24 22 38 44 51 56
OPM % 14% 16% 14% 12% 21% 24% 27% 25%
Other Income 2 6 4 -7 10 5 8 3
Interest 2 2 2 2 2 2 1 2
Depreciation 5 5 5 5 5 5 5 7
Profit before tax 18 27 21 7 41 43 53 49
Tax % 0% 0% 0% 26% -23% 20% 21% 27%
Net Profit 18 27 21 5 50 34 42 36
EPS in Rs 2.32 2.87 2.45

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021
590 698 773
535 601 582
Operating Profit 55 97 191
OPM % 9% 14% 25%
Other Income -1 5 24
Interest 16 8 7
Depreciation 25 20 23
Profit before tax 13 74 186
Tax % -9% 3% 13%
Net Profit 14 72 162
EPS in Rs 11.06
Dividend Payout % 0% 0% 26%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:11%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:96%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:40%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021
28 45 28
Reserves -94 220 518
Borrowings 121 114 173
380 165 203
Total Liabilities 414 508 922
61 38 128
CWIP 0 0 0
Investments 98 83 0
254 387 794
Total Assets 414 508 922

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021
58 112 144
1 -72 -284
-59 -13 169
Net Cash Flow -0 27 29

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021
ROCE % 43% 35%
Debtor Days 80 60 58
Inventory Turnover 0.00

Shareholding Pattern

Numbers in percentages

Sep 2020 Dec 2020 Mar 2021
53.25 53.25 53.25
7.21 7.51 7.07
7.36 6.36 7.38
32.18 32.88 32.30

Documents