Happiest Minds Technologies Ltd
HAPPSTMNDSHappiest Minds Technologies Ltd
HAPPSTMNDS
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 47.22 | 7.41 | 0.78% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 36.96 | 9.75 | 1.59% |
Forecast & Ratings
Detailed Forecast from 6 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Happiest Minds Technologies is a digital transformation IT consulting & services company focused on big data, analytics cloud, mobility and security services.
Peers
Compare with peersTata Consultancy Services Ltd
Infosys Ltd
HCL Technologies Ltd
Wipro Ltd
LTIMindtree Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 601.81 | 714.23 | 797.65 | 1,130.75 | 1,451.88 | 1,726.09 | 1,928.62 | |||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,472.08 | |||||||
| Power & Fuel Cost | 3.91 | 4.49 | 1.84 | 2.04 | 4.41 | 5.67 | ||||||||
| Employee Cost | 385.05 | 441.23 | 452.38 | 620.00 | 806.81 | 1,014.69 | ||||||||
| Selling & Administrative Expenses | 59.21 | 64.37 | 34.06 | 51.23 | 87.21 | 109.73 | ||||||||
| Operating & Other expenses | 99.94 | 102.28 | 94.12 | 168.80 | 179.82 | 160.76 | ||||||||
EBITDA | 53.70 | 101.86 | 215.25 | 288.68 | 373.63 | 435.24 | 456.54 | |||||||
| Depreciation/Amortization | 24.78 | 20.23 | 22.74 | 32.88 | 41.91 | 58.29 | 74.66 | |||||||
| PBIT | 28.92 | 81.63 | 192.51 | 255.80 | 331.72 | 376.95 | 381.88 | |||||||
| Interest & Other Items | 15.94 | 8.02 | 6.49 | 9.95 | 21.86 | 42.27 | 68.87 | |||||||
| PBT | 12.98 | 73.61 | 186.02 | 245.85 | 309.86 | 334.68 | 313.01 | |||||||
| Taxes & Other Items | -1.23 | 1.90 | 23.56 | 64.65 | 78.87 | 86.29 | 80.86 | |||||||
| Net Income | 14.21 | 71.71 | 162.46 | 181.20 | 230.99 | 248.39 | 232.15 | |||||||
| EPS | 4.76 | 19.45 | 17.50 | 12.74 | 16.16 | 16.98 | 15.54 | |||||||
| DPS | 0.00 | 0.00 | 3.00 | 3.75 | 5.40 | 5.75 | 5.75 | |||||||
| Payout ratio | 0.00 | 0.00 | 0.17 | 0.29 | 0.33 | 0.34 | 0.37 |
Company Updates
Annual report
PDFPeers & Comparison
Information TechnologyIT Services & Consulting
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Happiest Minds Technologies Ltd | 44.13 | 7.41 | 0.78% |
| Tata Consultancy Services Ltd | 34.27 | 17.23 | 1.68% |
| Infosys Ltd | 31.25 | 9.27 | 2.32% |
| HCL Technologies Ltd | 33.79 | 7.77 | 2.66% |
Price Comparison
Compare HAPPSTMNDS with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 6.01%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.20%
Top 5 Mutual Funds holding Happiest Minds Technologies Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
SBI Innovative Opportunities Fund - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.1303% | Percentage of the fund’s portfolio invested in the stock 4.31% | Change in the portfolio weight of the stock over the last 3 months 3.87% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 6/44 (+17) |
UTI Innovation Fund - Direct Plan - Growth Option Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1655% | Percentage of the fund’s portfolio invested in the stock 2.13% | Change in the portfolio weight of the stock over the last 3 months -0.33% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 21/30 (0) |
NJ Balanced Advantage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0774% | Percentage of the fund’s portfolio invested in the stock 0.21% | Change in the portfolio weight of the stock over the last 3 months 0.21% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 148/153 (-12) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateNov 27, 2024
Dividend/Share
₹2.50
Ex DateEx Date
Nov 27, 2024
Cash Dividend
Ex DateEx DateJun 14, 2024
Dividend/Share
₹3.25
Ex DateEx Date
Jun 14, 2024
Cash Dividend
Ex DateEx DateOct 30, 2023
Dividend/Share
₹2.50
Ex DateEx Date
Oct 30, 2023
Cash Dividend
Ex DateEx DateJul 7, 2023
Dividend/Share
₹3.40
Ex DateEx Date
Jul 7, 2023
Cash Dividend
Ex DateEx DateNov 2, 2022
Dividend/Share
₹2.00
Ex DateEx Date
Nov 2, 2022
PureSoftware, a fully owned subsidiary of Happiest Minds, a leading global provider of software products and digital services, has strengthened its position in the Digital Lending space with its flagship Banking-as-a-Service (BaaS) platform, Arttha. Arttha empowers major banks, financial institutions, and telecommunications companies to optimize their payment and lending processes by offering cutting-edge products, including retail loans, working capital financing, invoice financing, B2B loans, micro-lending, and Buy Now, Pay Later (BNPL) options. This platform enhances credit decision-making, effectively mitigates risks, and delivers a seamless digital loan origination experience. By digitizing the entire credit journey, Arttha has driven increased digital engagement, improved access to working capital, and maximized operational efficiency. Currently, the platform serves customers in 20 markets, reaching over 150 million users globally. This remarkable achievement has garnered recognition from esteemed organizations, including The Digital Banker, which awarded Arttha the title 'Best Digital Lending Solution,' along with other honors such as 'Best Banking-as-a-Service Platform of the Year.' Powered by Capital Market - Live
Net profit of Happiest Minds Technologies declined 15.29% to Rs 49.52 crore in the quarter ended September 2024 as against Rs 58.46 crore during the previous quarter ended September 2023. Sales rose 28.29% to Rs 521.64 crore in the quarter ended September 2024 as against Rs 406.62 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales521.64406.62 28 OPM %17.6020.32 - PBDT90.8493.67 -3 PBT67.7279.12 -14 NP49.5258.46 -15 Powered by Capital Market - Live
Happiest Minds Technologies announced that the Board of Directors of the Company at its meeting held on 13 November 2024, inter alia, have recommended the interim dividend of Rs 2.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.Powered by Capital Market - Live
Happiest Minds Technologies will hold a meeting of the Board of Directors of the Company on 13 November 2024.Powered by Capital Market - Live
Happiest Minds Technologies announced today the launch of Happiest Minds' Secureline360, a cutting-edge solution designed to streamline incident response and provide real-time visibility to organizations across industries. Powered by AI-driven advanced threat detection, Happiest Minds' Secureline360 delivers unmatched speed and precision in identifying and responding to cyber threats. By leveraging the proprietary SecAiGenie platform, Happiest Minds' Secureline360 enables organizations to address even the most complex and unprecedented security incidents at 3X the speed of traditional remediation processes, ensuring no threat goes unresolved. Powered by Capital Market - Live
Happiest Minds Technologies today announced that it has been recognized among the Top 100 India's Best Workplaces' for Women 2024 by Great Place To Work' India. This prestigious recognition underscores the company's unwavering commitment to fostering an inclusive, diverse, and supportive work environment for women at all levels. Great Place To Work' India's recognition is based on a rigorous assessment that evaluates women's workplace experiences, the company's policies and practices, and its overall commitment to fostering a culture of inclusion. Happiest Minds stood out among numerous organizations for its efforts to create a work environment where women feel supported, valued, and empowered to excel.Powered by Capital Market - Live
Net profit of Happiest Minds Technologies declined 12.52% to Rs 51.03 crore in the quarter ended June 2024 as against Rs 58.33 crore during the previous quarter ended June 2023. Sales rose 18.66% to Rs 463.82 crore in the quarter ended June 2024 as against Rs 390.87 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales463.82390.87 19 OPM %18.2922.85 - PBDT90.4592.92 -3 PBT68.4178.68 -13 NP51.0358.33 -13 Powered by Capital Market - Live
GS Caltex, Saatvik Solar, Happiest Minds Appoint New Company Heads
Board of Happiest Minds Technologies appoints directors
The board of Happiest Minds Technologies at its meeting held on 05 August 2024 has approved the appointment of Mittu Sridhara (aka Seshashayee Sridhara) (DIN: 09247644) as Independent Director of the company with immediate effect. Further, the board has appointed Rajiv Indravadan Shah (DIN: 06752608) as Executive Director of the company with effect from 05 August 2024. Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 23.46%, vs industry avg of 11.41%
Increasing Market Share
Over the last 5 years, market share increased from 0.13% to 0.22%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 77.22%, vs industry avg of 9.23%