Happiest Minds Technologies Ltd Stock Analysis

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

BSE Share Price 27-Jan-2023 18:01
846.50 -15.30 (-1.78%)

DeciZen - Make an Informed Decision on Happiest Minds Tech.

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Happiest Minds Tech. Price Chart

P/E Ratio ( CD) :
55.30
Market Cap :
12,432 Cr.
52-wk low :
785.6
52-wk high :
1,220
Bole Toh?

1. Is Happiest Minds Technologies Ltd 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.

2. Is Happiest Minds Technologies Ltd 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 Fair zone.

3. Is Happiest Minds Technologies Ltd 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.

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Happiest Minds Technologies Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0%0%0%0%0%-6.9%14.6%25.1%30.2%23.2%-
Value Creation Index NANANANANA-1.50.10.91.20.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 000004685966987731,0941,352
YoY Gr. Rt. %-NANANANANA27.4%17.2%10.8%41.4%-
Adj EPS 00000-6.49.917.311.312.515.4
YoY Gr. Rt. %-NANANANANANA74.9%-34.9%11%-
BVPS (₹) 0000038.744.551.138.246.454.8
Adj Net Profit 00000-23.836.776160178225
Cash Flow from Ops. 000002.936.4112143168-
Debt/CF from Ops. 00000332.20.91.31.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA22.5%41.4%
Adj EPS NANA8.2%11%
BVPS 001.421.3
Share Price - - - -26.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 00000-12.918.732.239.429.530.4
Op. Profit Mgn % 00000-58.913.924.723.624.8
Net Profit Mgn % 00000-5.16.210.920.716.316.7
Debt to Equity 000000.50.40.40.30.3-
Working Cap Days 000000117113105950
Cash Conv. Cycle 000000474126200

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.46%

Sales growth is good in last 4 quarters at 33.56%

Return on Equity has declined versus last 3 years average to 30.40%

Net Profit has been subdued in last 3 years 8.15%

Latest Financials - Happiest Minds Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 15.5 15.4
TTM Sales (₹ Cr.) 1,277 1,352
BVPS (₹.) 54.2 54.8
Reserves (₹ Cr.) 766 775
P/BV 15.63 15.50
PE 54.69 55.30
From the Market
52 Week Low / High (₹) 785.55 / 1220.00
All Time Low / High (₹) 285.55 / 1580.80
Market Cap (₹ Cr.) 12,432
Equity (₹ Cr.) 29.4
Face Value (₹) 2
Industry PE 28.9

Management X-Ray of Happiest Minds Tech. :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.005.50
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Happiest Minds Tech.

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Happiest Minds Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Happiest Minds Tech. on 27-Jan-2023 18:01 is : 846.5.
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 27-Jan-2023 18:01 the market cap of Happiest Minds Tech. stood at ₹ 12,432.
The latest PE ratio of Happiest Minds Tech. as of 27-Jan-2023 18:01 is 54.69.
The latest PB ratio of Happiest Minds Tech. as of 27-Jan-2023 18:01 is 15.63
The 52-week high of Happiest Minds Tech. is ₹ 1,220 and the 52-week low is ₹ 785.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Happiest Minds Tech. is ₹ 1,277 ( 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.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login | Register Now