Happiest Minds Tech.

₹808.4 -1.9 | 0.2%

WEBSITE BSE:543227 NSE : HAPPSTMNDS 10 May, 16:01

Market Cap ₹12310 Cr.

Stock P/E 48.1

P/B 8.3

Current Price ₹808.4

Book Value ₹ 97.2

Face Value 2

52W High ₹1023

Dividend Yield 0.71%

52W Low ₹ 738.1

Edit Ratio

Happiest Minds Tech. Research see more...

Overview Inc. Year: 2011Industry: IT - Software

Happiest Minds Technologies Ltd offers IT solutions and offerings in India, the USA, Canada, the United Kingdom, Australia, the Netherlands, Singapore, Malaysia, and the Middle East. It operates through three segments: Infrastructure Management & Security Services (IMSS); Digital Business Solutions (DBS); and Product Engineering Services (PES). The IMSS section affords safety offerings, together with cyber and infrastructure security, governance, risk and compliance, information privacy and security, identification and get access control, and chance and vulnerability control; infrastructure services accommodates of DC and hybrid cloud offerings, workspace offerings, service automation, database and middleware offerings, and software program defined infrastructure services; and advisory, transformation, managed and hosted offerings, and stable intelligence solutions. The DBS section gives enterprise applications and customized solutions, comprising of advisory, design and architecture, custom-app improvement, bundle implementation, and checking and on-going support services to IT initiatives. The PES section assists software product groups in building products and services that integrates mobile, cloud, and social technology. The company also presents Internet of Things (IoT) solutions, including digital strategy advent session, end to end machine integration on IoT structures, IoT security and managed services, implementation of IoT roadmap, and derivation of insights. In addition, it gives analytics/artificial intelligence solutions, along with implementation of advanced analytics the use of artificial intelligence, ML and statistical models, and engineering big data systems; and virtual method automation solutions, which includes robot system automation, intelligent business procedure control, and cognitive automation the usage of AI and ML based fashions. The organisation incorporated in 2011 and is established in Bengaluru, India.

Happiest Minds Tech. Share Price

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Peer Comparison

Happiest Minds Tech. Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	284	301	329	356	367	378	391	407	410	417
Other Income	8	10	1	4	8	8	14	22	24	25
Total Income	292	310	330	359	375	386	405	429	434	443
Total Expenditure	216	229	242	265	277	286	302	324	329	334
Operating Profit	76	82	88	94	97	101	103	105	105	108
Interest	2	3	3	5	6	9	10	11	11	10
Depreciation	8	9	9	10	10	13	14	15	15	15
Exceptional Income / Expenses	0	0	0	0	-6	0	0	0	1	13
Profit Before Tax	65	70	76	80	75	79	79	79	81	96
Provision for Tax	17	18	19	21	18	21	20	21	21	24
Profit After Tax	49	52	56	59	58	58	58	58	60	72
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	49	52	56	59	58	58	58	58	60	72
Adjusted Earnings Per Share	3.3	3.7	3.9	4.2	4	4	4.1	3.9	4	4.8

Happiest Minds Tech. Profit & Loss

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	468	596	698	773	1094	1429	1625
Other Income	17	4	16	24	37	35	85
Total Income	484	600	714	798	1131	1465	1711
Total Expenditure	491	551	601	582	836	1085	1289
Operating Profit	-7	48	113	215	295	380	421
Interest	6	7	8	6	10	22	42
Depreciation	7	6	20	23	33	42	59
Exceptional Income / Expenses	0	-17	-11	0	-6	-6	14
Profit Before Tax	-20	18	74	186	246	310	335
Provision for Tax	0	0	2	24	65	79	86
Profit After Tax	-20	18	72	162	181	231	248
Adjustments	0	0	0	0	0	0	0
Profit After Adjustments	-20	18	72	162	181	231	248
Adjusted Earnings Per Share	-5.3	4.9	16.3	11.5	12.7	16.1	16.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	31%	27%	25%	0%
Operating Profit CAGR	29%	50%	0%	0%
PAT CAGR	28%	47%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-5%	-2%	NA%	NA%
ROE Average	31%	34%	30%	23%
ROCE Average	31%	33%	26%	21%

Happiest Minds Tech. Balance Sheet

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	185	207	265	546	666	839
Minority's Interest	0	0	0	0	0	0
Borrowings	18	12	1	37	17	113
Other Non-Current Liabilities	14	13	30	50	70	100
Total Current Liabilities	137	155	212	279	365	576
Total Liabilities	355	386	508	912	1118	1628
Fixed Assets	54	34	38	128	158	432
Other Non-Current Assets	20	73	25	39	33	124
Total Current Assets	281	279	445	745	927	1073
Total Assets	355	386	508	912	1118	1628

Happiest Minds Tech. Cash Flow

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	8	16	16	44	86	67
Cash Flow from Operating Activities	3	36	112	143	168	207
Cash Flow from Investing Activities	-27	-3	-74	-284	-96	-351
Cash Flow from Financing Activities	33	-25	-13	170	-91	72
Net Cash Inflow / Outflow	8	8	25	29	-19	-72
Closing Cash & Cash Equivalent	16	26	44	86	67	-1

Happiest Minds Tech. Ratios

#	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-5.32	4.92	16.32	11.45	12.71	16.13
CEPS(Rs)	-3.47	6.48	20.92	13.06	15.01	19.06
DPS(Rs)	0	0	0	3	3.75	5.4
Book NAV/Share(Rs)	38.7	44.46	51.06	38.24	46.42	58.39
Core EBITDA Margin(%)	-5.04	7.43	13.91	24.7	23.56	24.1
EBIT Margin(%)	-2.93	4.23	11.69	24.89	23.39	23.21
Pre Tax Margin(%)	-4.23	3.07	10.54	24.05	22.48	21.68
PAT Margin (%)	-4.23	3.07	10.27	21.01	16.57	16.16
Cash Profit Margin (%)	-2.76	4.04	13.17	23.95	19.57	19.09
ROA(%)	-5.57	4.93	16.03	22.88	17.85	16.82
ROE(%)	-13.74	11.82	36.81	42.37	30.09	30.84
ROCE(%)	-4.85	8.82	25.11	35.37	32.32	30.67
Receivable days	79.24	72	64.91	55.87	48.28	48.59
Inventory Days	0	0	0	0	0	0
Payable days	0	0	0	0	0	0
PER(x)	0	0	0	47.16	83.04	47.6
Price/Book(x)	0	0	0	14.13	22.73	13.15
Dividend Yield(%)	0	0	0	0.56	0.36	0.7
EV/Net Sales(x)	0.28	0.18	-0.07	9.95	13.78	7.54
EV/Core EBITDA(x)	-18.93	2.16	-0.42	35.76	51.12	28.35
Net Sales Growth(%)	0	27.37	17.23	10.77	41.41	30.69
EBIT Growth(%)	0	283.72	224.31	135.83	32.88	29.68
PAT Growth(%)	0	192.46	292.5	126.55	11.54	27.48
EPS Growth(%)	0	192.49	231.82	-29.81	10.95	26.94
Debt/Equity(x)	0.52	0.39	0.37	0.33	0.29	0.56
Current Ratio(x)	2.05	1.8	2.1	2.67	2.54	1.86
Quick Ratio(x)	2.05	1.8	2.1	2.67	2.54	1.86
Interest Cover(x)	-2.26	3.65	10.18	29.66	25.71	15.17
Total Debt/Mcap(x)	0	0	0	0.02	0.01	0.04

Happiest Minds Tech. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	53.25	53.26	53.25	53.25	53.25	53.24	53.24	51.35	50.24	50.24
FII	6.93	6.29	4	3.94	4.08	4.14	4.52	5.14	5.05	4.69
DII	1.73	1.48	1.42	1.49	1.32	1.26	1.25	2.42	2.41	2.58
Public	38.08	38.97	41.33	41.33	41.36	41.35	40.98	41.09	42.3	42.49
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	7.82	7.82	7.82	7.82	7.82	7.82	7.82	7.82	7.65	7.65
FII	1.02	0.92	0.59	0.58	0.6	0.61	0.66	0.78	0.77	0.71
DII	0.25	0.22	0.21	0.22	0.19	0.19	0.18	0.37	0.37	0.39
Public	5.59	5.72	6.07	6.07	6.07	6.07	6.02	6.26	6.44	6.47
Others	0	0	0	0	0	0	0	0	0	0
Total	14.69	14.69	14.69	14.69	14.69	14.69	14.69	15.23	15.23	15.23

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 34%

Cons

Stock is trading at 8.3 times its book value.

* 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.