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INVESTMENT INSIGHTS

Check Before You Invest : Happiest Minds Technologies Ltd

BSE: 543227 NSE: HAPPSTMNDS ISIN: INE419U01012
  |   Sector:  IT & ITES   |   Industry:  IT - Software

Snapshot

Q.1 Which industry/sub-sector does Happiest Minds Technologies Ltd belong to?
Happiest Minds Technologies Ltd belongs to the IT & ITES sector, operating specifically within the IT - Software segment.
Q.2 Is Happiest Minds Technologies Ltd a good quality company?
Happiest Minds Technologies Ltd is a quality company, based on a 10 year financial track record.
Q.3 Is Happiest Minds Technologies Ltd undervalued or overvalued?
Happiest Minds Technologies Ltd appears Undervalued, as its key valuation ratios are below with their past averages.
Q.4 Is Happiest Minds Technologies Ltd a good buy now?
Happiest Minds Technologies Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Performance Analysis

Q.1 Revenue growth of Happiest Minds Technologies Ltd?
Happiest Minds Technologies Ltd revenue growth is 26.9% for FY-2025 , which is above its 5 year CAGR of 24.2% , indicating faster growth.
Q.2 Gross Profit margin of Happiest Minds Technologies Ltd?
Happiest Minds Technologies Ltd Gross profit margin which is the profit after deduction of direct costs, is 17.3% for FY-2025 , which is below its 5 year median of 25.1% , indicating decreasing margins.
Q.3 Operating Profit Margin of Happiest Minds Technologies Ltd?
Happiest Minds Technologies Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 17.2% for FY-2025 , which is below its 5 year median of 23.56% indicating decreasing margins.
Q.4 Net Profit Margin of Happiest Minds Technologies Ltd?
Happiest Minds Technologies Ltd Net Profit Margin is 8.96% for FY-2025 , is below with its 5 year median of 16.16%, indicating decreasing margins.
Current Level Historic Median
Gross Profit Margin 17.3 25.1
Operating Profit Margin 17.2 23.56
Net Profit Margin 8.96 16.16
Q.5 Return on Asset of Happiest Minds Technologies Ltd?
Happiest Minds Technologies Ltd Return on Asset is 6.65(x), which is below its 5 year historical median of 16.82(x), indicating deteriorated asset utilization efficiency.
Q.6 Return on Equity (ROE) of Happiest Minds Technologies Ltd?
Happiest Minds Technologies Ltd Return on equity is 12.1% for FY-2025 , which is below its historical median of 30.09%, indicating the business is making worse use of its shareholders capital.
Q.7 Return on capital employed (ROCE) of Happiest Minds Technologies Ltd?
Happiest Minds Technologies Ltd Return on capital employed is 15.24% for FY-2025 , which is above its estimated weighted average cost of capital(WACC) 13.5%, indicating value creation.
Q.8 Cash conversion cycle of Happiest Minds Technologies Ltd?
Happiest Minds Technologies Ltd Cash conversion cycle is 32 , above its historical median of 26 , indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.
Current Level Historic Median
Asset Turnover 0.74 1.04
ROE 12.1 30.09
ROCE 15.24 30.67
Cash Conversion Cycle 32 26
Q.9 Debt to Equity ratio of Happiest Minds Technologies Ltd?
Happiest Minds Technologies Ltd Debt-to-Equity ratio is 0.74 , which is above with the industry average of 0.01 , indicating higher debt levels in the industry.
Q.10 Debt to cash flow from operations of Happiest Minds Technologies Ltd?
Happiest Minds Technologies Ltd Debt to cash flow from operations is 4.91 , which is at a unhealthy level, indicating the business is not able to service its debt comfortably.

Ownership & governance

Q.1 Promoter shareholding and pledge status of Happiest Minds Technologies Ltd?
Promoters hold 44.21% of the Happiest Minds Technologies Ltd, with 1.76% of their stake pledged, indicating low pledge risk.

Peer comparison (industry-wise, mcap)

Q.1 Revenue growth of Happiest Minds Technologies Ltd vs industry peers?
Happiest Minds Technologies Ltd revenue CAGR is 24.17% , compared to the industry median CAGR of 2.48% , indicating faster growth and gaining its market share.
Profit Metrics
Current Level Industry Median
Revenue 2,060.8 23.6
Gross Profit 356.6 1.9
Operating Profit 351 1.2
Net Profit 185 0.8
Operating Efficiency
Current Level Industry Median
Asset Turnover 0.74 0.45
ROE 12.1 4.09
ROCE 15.24 6.4
Cash Conversion Cycle 31.76 36

Valuation & price assessment

Q.1 Stock return of Happiest Minds Technologies Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 0% based on the current price.
Q.2 What return has the stock given over the last decade?
9Y 5Y 3Y 1Y
Share Price - -10.1% -22.6% -33.3%
Q.3 Valuation ratios of Happiest Minds Technologies Ltd vs historical?
The current P/E is lower that its historical median.
Q.4 How do the current valuation ratios measure up against the historic numbers and the current industry numbers?
Valuation Ratios Current Historic Median Industry Median
Price to Earnings 31.14 54.81 22.96
Price to Book 3.46 15.36 2.61
Price to Sales 2.56 9.13 4.40
EV to EBITDA 12.66 34.29 17.20

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