Is Happiest Minds Technologies a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Happiest Minds Technologies Ltd is a good quality company .

Is Happiest Minds Technologies undervalued or overvalued?

The key valuation ratios of Happiest Minds Technologies Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Happiest Minds Technologies share price return in the past 10 years?

Data is not available for this company

Is Happiest Minds Technologies a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Happiest Minds Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Happiest Minds Technologies?

The latest standalone P/E ratio of Happiest Minds Technologies as of 21-Nov-2024 is 51.90.

What is the P/B ratio of Happiest Minds Technologies?

The latest standalone P/B ratio of Happiest Minds Technologies as of 21-Nov-2024 is 7.46.

What is the 52-week high and low of Happiest Minds Technologies?

The 52-week high of Happiest Minds Technologies is Rs. 959.95 and the 52-week low is Rs. 721.50.

Happiest Minds Technologies Ltd - Stock Valuation and Financial Performance

Name: Happiest Minds Technologies
Brand: Happiest Minds Technologies

BSE: 543227 | NSE: HAPPSTMNDS | IT - Software | Small Cap

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Happiest Minds Tech. Share Price

₹721.75 -14.00 -1.90%
as on 21-Nov'24 14:02

10 Year X-Ray of Happiest Minds Tech.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0%	0%	0%	-4.9%	8.8%	25.1%	35.4%	32.3%	30.7%	23.4%	-
Value Creation Index ⓘ	NA	NA	NA	-1.4	-0.4	0.9	1.6	1.4	1.3	0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	0	468	596	698	773	1,094	1,429	1,625	1,813
Sales YoY Gr.	-	NA	NA	NA	27.4%	17.2%	10.8%	41.4%	30.7%	13.7%	-
Adj EPS ⓘ	0	0	0	-6.4	9.9	17.3	11.3	12.5	17.1	15.8	15.3
YoY Gr.	-	NA	NA	NA	NA	74.9%	-34.9%	11.1%	36.9%	-8.1%	-
BVPS (₹) ⓘ	0	0	0	38.7	44.5	51.1	38.2	46.4	58.4	99	100.1
Adj Net Profit ⓘ	0	0	0	-23.8	36.7	76	160	178	245	235	232
Cash Flow from Ops. ⓘ	0	0	0	2.9	36.4	112	143	168	207	213	-
Debt/CF from Ops. ⓘ	0	0	0	33	2.2	0.9	1.3	1.1	2.3	2.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	22.2%	28.1%	13.7%
Adj EPS ⓘ	NA	9.8%	11.8%	-8.1%
BVPSⓘ	NA	17.4%	37.3%	69.6%
Share Price	-	-	-17.1%	-14.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-12.9	18.7	32.2	39.4	29.5	32.6	20.3	15.3
Op. Profit Mgn % ⓘ	-5	8.9	13.9	24.7	23.6	25.1	20.7	18.8
Net Profit Mgn % ⓘ	-5.1	6.2	10.9	20.7	16.3	17.2	14.5	12.8
Debt to Equity ⓘ	0.5	0.4	0.4	0.3	0.3	0.6	0.3	0.1
Working Cap Days ⓘ	0	117	113	105	95	103	109	183
Cash Conv. Cycle ⓘ	0	47	41	26	20	21	28	89

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 28.07%

Net Profit is growing at healthy rate in last 3 years 11.83%

Sales growth is good in last 4 quarters at 17.27%

Return on Equity has declined versus last 3 years average to 15.30%

Latest Financials - Happiest Minds Technologies Ltd.

	Standalone	Consolidated
TTM EPS (₹)	14.2	15.3
TTM Sales (₹ Cr.)	1,493	1,813
BVPS (₹.) ⓘ	98.7	100.1
Reserves (₹ Cr.) ⓘ	1,472	1,495
P/BV ⓘ	7.46	7.35
PE ⓘ	51.90	48.26

From the Market
52 Week Low / High (₹)	721.50 / 959.95
All Time Low / High (₹)	285.55 / 1580.80
Market Cap (₹ Cr.)	11,204
Equity (₹ Cr.)	30.5
Face Value (₹)	2
Industry PE ⓘ	34.4

Management X-Ray of Happiest Minds Tech.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

5.50

7.01

7.17

8.14

1.76

* Pledged shares as % of Promoter's holding (%)

Valuation of Happiest Minds Tech.

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Happiest Minds Tech.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	468	596	698	773	1,094	1,429	1,625
Operating Expenses ⓘ	491	551	601	582	836	1,085	1,289
Manufacturing Costs	11	11	13	10	17	24	27
Material Costs	0	0	0	0	0	0	0
Employee Cost	353	376	441	452	620	807	1,015
Other Costs ⓘ	127	164	147	120	199	254	248
Operating Profit ⓘ	-24	44	97	191	258	345	336
Operating Profit Margin (%)	-5.0%	7.4%	13.9%	24.7%	23.6%	24.1%	20.7%
Other Income ⓘ	17	4	16	24	37	35	85
Interest ⓘ	6	7	8	6	10	22	42
Depreciation ⓘ	7	6	20	23	33	42	58
Exceptional Items ⓘ	0	-17	-11	0	-6	-6	14
Profit Before Tax ⓘ	-20	18	74	186	246	310	335
Tax ⓘ	0	0	2	24	65	79	86
Profit After Tax	-20	18	72	162	181	231	248
PAT Margin (%)	-4.2%	3.1%	10.3%	21.0%	16.6%	16.2%	15.3%
Adjusted EPS (₹)	-5.3	4.9	16.3	11.5	12.7	16.1	16.6
Dividend Payout Ratio (%)	0%	0%	0%	26%	30%	33%	35%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	185	206	261	542	662	836	1,479
Share Capital ⓘ	49	49	45	28	29	29	30
Reserves ⓘ	136	158	216	514	633	808	1,449
Minority Interest	0	0	0	0	0	0	0
Debt	87	72	70	146	170	442	434
Long Term Debt	18	12	1	37	17	113	104
Short Term Debt	69	60	69	110	153	329	330
Trade Payables	25	29	34	45	61	71	79
Others Liabilities ⓘ	58	80	142	178	225	280	240
Total Liabilities ⓘ	355	386	508	912	1,118	1,628	2,231
Fixed Assets
Gross Block	80	83	73	158	197	514	554
Accumulated Depreciation	26	49	35	29	40	82	141
Net Fixed Assetsⓘ	54	34	38	128	158	432	413
CWIP ⓘ	0	0	0	0	0	3	0
Investmentsⓘ	137	90	83	391	472	13	0
Inventories	0	0	0	0	0	0	0
Trade Receivables	102	133	115	122	167	213	254
Cash Equivalents ⓘ	16	26	190	145	168	692	1,337
Others Assetsⓘ	45	103	82	125	153	276	227
Total Assets ⓘ	355	386	508	912	1,118	1,628	2,231

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	3	36	112	143	168	207	213
PBT ⓘ	-20	18	74	186	246	310	335
Adjustment ⓘ	8	39	38	22	31	49	11
Changes in Working Capital ⓘ	14	-18	7	-29	-55	-63	-31
Tax Paid ⓘ	0	-3	-6	-36	-53	-89	-102
Cash Flow From Investing Activity ⓘ	-27	-3	-74	-284	-96	-351	-466
Capex	-2	-1	-1	-1	-4	-139	-10
Net Investments	28	-1	-77	-230	-93	-106	-528
Others ⓘ	-53	-1	5	-52	1	-105	72
Cash Flow From Financing Activityⓘ	33	-25	-13	170	-91	72	363
Net Proceeds from Shares ⓘ	2	0	0	106	2	1	487
Net Proceeds from Borrowing ⓘ	15	-6	-8	47	-21	98	-26
Interest Paid ⓘ	-5	-6	-3	-3	-3	-15	-33
Dividend Paid ⓘ	0	0	0	0	-68	-57	-86
Others ⓘ	21	-13	-3	19	0	45	21
Net Cash Flow ⓘ	8	8	25	29	-19	-72	110

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-13.74	11.82	36.81	42.37	30.09	30.84	21.46
ROCE (%)	-4.85	8.82	25.11	35.37	32.32	30.67	23.35
Asset Turnover Ratio	1.32	1.61	1.56	1.09	1.08	1.04	0.84
PAT to CFO Conversion(x)	N/A	2	1.56	0.88	0.93	0.9	0.86
Working Capital Days
Receivable Days	79	72	65	56	48	49	53
Inventory Days	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0

Happiest Minds Technologies Ltd Stock News

Happiest Minds Technologies Ltd FAQs

What is the share price of Happiest Minds Tech.?

Company share prices are keep on changing according to the market conditions. The closing price of Happiest Minds Tech. on 21-Nov-2024 14:02 is ₹721.8.

What is the market cap of Happiest Minds Tech.?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 14:02 the market cap of Happiest Minds Tech. stood at ₹11,203.6.

What is the P/E ratio of Happiest Minds Tech.?

The latest P/E ratio of Happiest Minds Tech. as of 21-Nov-2024 14:02 is 51.90.

What is the P/B ratio of Happiest Minds Tech.?

The latest P/B ratio of Happiest Minds Tech. as of 21-Nov-2024 14:02 is 7.46.

What is the 52-week high and low of Happiest Minds Tech.?

The 52-week high of Happiest Minds Tech. is ₹960.0 and the 52-week low is ₹721.5.

What is the TTM revenue of Happiest Minds Tech.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Happiest Minds Tech. is ₹1,493 ( Cr.) .

About Happiest Minds Technologies Ltd

The company was incorporated as ‘Happiestminds Technologies Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 30, 2011 issued by the Registrar of Companies, Karnataka at Bangalore (RoC) and commenced its business on March 30, 2011. The name of the company was subsequently changed to ‘Happiest Minds Technologies Private Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, Karnataka at Bangalore on July 21, 2011. Thereafter, the company was converted into a public limited company pursuant to a special resolution passed in the extraordinary general meeting of the Shareholders of the company held on May 13, 2020 and the name of the company was changed to its present name ‘Happiest Minds Technologies Limited’, and a fresh certificate of incorporation was issued by the RoC on May 20, 2020.

Business area of the Company

Positioned as ‘Born Digital. Born Agile’, Happiest Minds Technologies focus on delivering a seamless digital experience to customers. Its offerings include, among others, digital business, product engineering, infrastructure management and security services. Its capabilities provide end-to-end solution in the digital space. It has developed a customer-centric focus that aims to fulfil their immediate business requirements and to provide them strategically viable, futuristic and transformative digital solutions. The company helps its customers in finding new ways to interact with their users and clients enabling them to become more engaging, responsive and efficient. It also offers solutions across the spectrum of various digital technologies such as Robotic Process Automation (RPA), Software-Defined Networking/Network Function Virtualization (SDN/NFV), Big Data and advanced analytics, Internet of Things (IoT), cloud, Business Process Management (BPM) and security.

Key awards, recognitions and accreditations

2020: Certified as a great place to work by Great Place to Work Institute India.
2020: Recognized among the 20 most innovative Practices for women leadership development by JobsForHer.
2019: Ranked 42 in India’s best company to work for 2019 by Great Place to Work Institute India.
2019: Recognized as India’s top 25 Best Workplaces in IT & IT-BPM by Great Place to Work Institute India.
2019: Recognized as India’s top 25 Best Workplaces for Women by Great Place to Work Institute India.
2017: Received Digital Transformation Services Provider of the Year - SMB Segment award from Frost & Sullivan.
2016: Ranked 97 in India’s best companies to work for in 2016 by Great Place to Work Institute India.
2016: Received Certificate of recognition for human resources best practices 2016 - Employer branding form Nasscom Randstad.
2015: Received Cloud Solutions Award 2015 at the Express I.T. Awards from the Financial Express.
2015: Recognized in the Top 5 Best Companies to Work in India among Emerging Organisations in IT- BPM by Great Place to Work Institute of India.
2014: Ranked as the Second Leading Technology Company in Deloitte Technology Fast 50 India 2014 programme by Deloitte Touche Tohmatsu India LLP.
2014: Ranked 13 in Deloitte Technology Fast 500 Asia Pacific Ranking 2014 by Deloitte Touche Tohamatsu India.

Major Events and milestones

2019: The company provided digital offerings such as artificial intelligence, remote process automation and blockchain.
2019: Brand expansion as ‘Born Digital. Born Agile’.
2017: Acquisition of 100% of the membership interests in company’s Erstwhile Subsidiary.
2017: Set up a center of excellence in IoT and Analytics.
2017: Acquired the business of Cupola through a business transfer agreement.
2016: Established presence in Dubai.
2015: Investment by CMDB II.
2015: Brand extension as ‘The Mindful IT Company’.
2013: Established presence in Australia.
2011: The company was incorporated as a private limited company.
2011: Investment by our Promoter, Ashok Soota.
2011: Established presence in U.S., UK and India.