Happiest Minds Technologies Ltd - Stock Valuation and Financial Performance

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

Happiest Minds Tech. Share Price

821.60 3.05 0.37%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Happiest Minds Tech.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Happiest Minds Technologies stock performance -

mw4me loader
P/E Ratio (CD):
53.45
Market Cap:
12,510.9 Cr.
52-wk low:
738.1
52-wk high:
1,022.3

Is Happiest Minds Technologies Ltd an attractive stock to invest in?

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 Semi Strong which suggest that the price of Happiest Minds Technologies Ltd is likely to Rise-somewhat 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%0%0%-6.9%14.6%25.1%30.2%23.4%24.1%-
Value Creation
Index
NANANANA-1.50.10.91.20.70.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00004685966987731,0941,4291,585
Sales YoY Gr.-NANANANA27.4%17.2%10.8%41.4%30.7%-
Adj EPS 0000-6.49.917.311.312.517.115.4
YoY Gr.-NANANANANA74.9%-34.9%11.1%36.9%-
BVPS (₹) 000038.744.551.138.246.458.495.5
Adj Net
Profit
0000-23.836.776160178245234
Cash Flow from Ops. 00002.936.4112143168207-
Debt/CF from Ops. 0000332.20.91.31.12.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA25%27%30.7%
Adj EPS NANA-0.3%36.9%
BVPSNA8.6%4.6%25.8%
Share Price - - 9.3% 1.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0000-12.918.732.239.429.532.620
Op. Profit
Mgn %
0000-58.913.924.723.625.121.8
Net Profit
Mgn %
0000-5.16.210.920.716.317.214.8
Debt to
Equity
00000.50.40.40.30.30.6-
Working Cap
Days
0000011711310595103151
Cash Conv.
Cycle
00000474126202184

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 26.97%

Sales growth is good in last 4 quarters at 17.67%

Return on Equity has declined versus last 3 years average to 20.00%

Net Profit has been subdued in last 3 years -0.31%

Latest Financials - Happiest Minds Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 16 15.4
TTM Sales (₹ Cr.) 1,440 1,585
BVPS (₹.) 95.7 95.5
Reserves (₹ Cr.) 1,427 1,424
P/BV 8.58 8.60
PE 51.47 53.45
From the Market
52 Week Low / High (₹) 738.05 / 1022.30
All Time Low / High (₹) 285.55 / 1580.80
Market Cap (₹ Cr.) 12,511
Equity (₹ Cr.) 30.5
Face Value (₹) 2
Industry PE 33.5

Management X-Ray of Happiest Minds Tech.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.005.507.017.017.017.17
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Happiest Minds Tech.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales4685966987731,0941,429
Operating Expenses 4915516015828361,085
Manufacturing Costs111113101724
Material Costs000000
Employee Cost 353376441452620807
Other Costs 127164147120199254
Operating Profit -244497191258345
Operating Profit Margin (%) -5.0%7.4%13.9%24.7%23.6%24.1%
Other Income 17416243735
Interest 67861022
Depreciation 7620233342
Exceptional Items 0-17-110-6-6
Profit Before Tax -201874186246310
Tax 002246579
Profit After Tax -201872162181231
PAT Margin (%) -4.2%3.1%10.3%21.0%16.6%16.2%
Adjusted EPS (₹)-5.34.916.311.512.716.1
Dividend Payout Ratio (%)0%0%0%26%30%33%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 185206261542662836
Share Capital 494945282929
Reserves 136158216514633808
Minority Interest000000
Debt877270146170442
Long Term Debt181213717113
Short Term Debt696069110153329
Trade Payables252934456171
Others Liabilities 5880142178225280
Total Liabilities 3553865089121,1181,628

Fixed Assets

Gross Block808373158197514
Accumulated Depreciation264935294082
Net Fixed Assets543438128158432
CWIP 000003
Investments 137908339147213
Inventories000000
Trade Receivables102133115122167213
Cash Equivalents 1626190145168692
Others Assets4510382125153276
Total Assets 3553865089121,1181,628

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 336112143168207
PBT -201874186246310
Adjustment 83938223149
Changes in Working Capital 14-187-29-55-63
Tax Paid 0-3-6-36-53-89
Cash Flow From Investing Activity -27-3-74-284-96-351
Capex -2-1-1-1-4-139
Net Investments 28-1-77-230-93-106
Others -53-15-521-105
Cash Flow From Financing Activity 33-25-13170-9172
Net Proceeds from Shares 20010621
Net Proceeds from Borrowing 15-6-847-2198
Interest Paid -5-6-3-3-3-15
Dividend Paid 0000-68-57
Others 21-13-319045
Net Cash Flow 882529-19-72
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-13.7411.8236.8142.3730.0930.84
ROCE (%)-4.858.8225.1135.3732.3230.67
Asset Turnover Ratio1.321.611.561.091.081.04
PAT to CFO Conversion(x)N/A21.560.880.930.9
Working Capital Days
Receivable Days797265564849
Inventory Days000000
Payable Days000000

Happiest Minds Technologies Ltd Stock 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 12-Apr-2024 16:59 is ₹821.6.
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 12-Apr-2024 16:59 the market cap of Happiest Minds Tech. stood at ₹12,510.9.
The latest P/E ratio of Happiest Minds Tech. as of 12-Apr-2024 16:59 is 51.47.
The latest P/B ratio of Happiest Minds Tech. as of 12-Apr-2024 16:59 is 8.58.
The 52-week high of Happiest Minds Tech. is ₹1,022.3 and the 52-week low is ₹738.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Happiest Minds Tech. is ₹1,440 ( 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.
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