Happiest Minds Technologies Ltd Share Price

Computers - Software - Medium / Small

NSE: HAPPSTMNDS Small Cap ISIN: INE419U01012

As on 22 January 2025 at 15:58 IST

₹715.95

-1.40

(-0.20%)

Sell Buy

About Happiest Minds Technologies Ltd

Happiest Minds Technologies Ltd. is a digital transformation IT consulting and services company. Founded in 2011, it focuses on Big Data, Analytics, Cloud, Mobility, and Security. These services help to enhance business efficiency and customer experiences. The company is headquartered in Bengaluru, Karnataka, India. Its main products include Digital Transformation, Big Data, and Analytics. It also includes Cloud Services, Mobility Solutions, and Security Services. Happiest Minds operates in the Information Technology (IT) sector. The company is committed to innovation and sustainability. It aims to expand its global footprint and lead in digital transformation. Read More...

Over 1 Month

2.52%

Over 6 Months

-10.90%

Over 1 Year

-16.23%

Over 3 Years

-42.34%

Happiest Minds Technologies Ltd Summary

Close ₹ 715.95

Open ₹ 715.35

High ₹ 719.90

Low ₹ 708

Volume 1,56,970

Net Turnover (in ₹) ₹ 13,27,83,731.80

52Wk High ₹ 956

52Wk Low ₹ 691.85

52Wk High / Low

691.85

956

Happiest Minds Technologies Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 10,923.43

EPS (TTM) 14.10

Book Value (BV) 98.69

Div. Yield 0.79 %

P/E (TTM) 50.59

Price/Book Value 7.27

Delivery % 45.03 %

Face Value 2

Key Ratios

PE Ratio 45.23

PB Ratio 7.54

EV to Sales 7.13

PEG Ratio 5.06

ROA 12.17

ROE 21.37

Debt-Equity 0.46

Net Profit Margin 16.66

Operating Profit Margin 27.23

Happiest Minds Technologies Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	1,710.03	1,450.40	1,130.75	797.65	714.23
Total Expenses	1,389.37	1,134.20	878.81	611.63	629.36
Profit Before Tax	334.68	309.86	245.85	186.02	73.61
Profit After Tax	248.39	230.99	181.20	162.46	71.71
Operating Profit after Depreciation	362.93	338.06	261.89	192.51	92.89

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	413.16	432.40	157.95	128.29	37.98
Total Non Current Assets	470.02	567.85	197.62	177.42	63.01
Total Current Assets	1,777.77	1,072.98	927.39	744.53	445.14
TOTAL ASSETS	2,247.79	1,640.83	1,125.01	921.95	508.15
Total Shareholder's Fund	1,480.24	838.82	665.80	545.99	265.31

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	212.56	207.17	168.12	143.17	112.22
Net Cash used in Investing Activities	-537.05	-347.73	-95.88	-270.71	-71.62
Net Cash used in Financing Activities	363.47	72.07	-90.78	169.84	-13.34

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	1,584.14	1,354.89	1,071.25	784.38	714.19
Total Expenses	1,260.61	1,063.21	820.40	598.36	627.60
Profit Before Tax	324.96	291.68	250.85	186.02	75.33
Profit After Tax	245.73	216.38	186.48	161.93	73.43
Operating Profit after Depreciation	365.80	313.18	259.15	192.47	94.58

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	203.30	199.83	63.83	28.92	37.97
Total Non Current Assets	455.06	542.36	178.86	175.25	63
Total Current Assets	1,752.81	1,034.04	903.93	731.70	445.11
TOTAL ASSETS	2,207.87	1,576.40	1,082.79	906.95	508.11
Total Shareholder's Fund	1,473.70	825.98	669.74	546.67	265.61

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	189.07	171.79	159.27	149.87	112.62
Net Cash used in Investing Activities	-505.85	-341.79	-110.61	-283.76	-72.37
Net Cash used in Financing Activities	358.21	102.46	-72.17	169.91	-12.80

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	521.64	463.82	417.29	409.88	406.62
Total Expenses	429.84	378.98	334.28	328.98	324.01
Profit Before Tax	67.72	68.41	96.15	80.73	79.12
Profit After Tax	49.52	51.03	71.98	59.62	58.46
Operating Profit after Depreciation	118.83	110.28	108.22	105.19	104.82

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	374.65	372.40	375.24	370.58	370.01
Total Expenses	314.52	311.94	307.70	302.36	298.24
Profit Before Tax	52.24	59.82	73.91	99.30	74.17
Profit After Tax	38.26	43.84	53.93	79.83	54.53
Operating Profit after Depreciation	86.54	86.61	93.01	117.81	94.04

Happiest Minds Technologies Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 712.27

S2 707.18

S3 698.37

Pivot 721.08

R1 726.17

R2 734.98

R3 740.07

Moving Average

20 SMA 719

50 SMA 731.93

100 SMA 763.15

200 SMA 790.26

Happiest Minds Technologies Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

Happiest Minds Technologies Ltd

₹2.5/Share

Announcement Date 27 Nov 2024

Record Date 27 Nov 2024

Div Yield 125%

AGM Date: 30 Jun 2022

We wish to inform that the Board of Directors of the Company at its meeting held today i.e., May 05, 2022, has approved the audited financial statements of the Company (both standalone and consolidated) prepared in accordance with Indian Accounting Standards (IndAS) for the quarter and financial year ended as on March 31 , 2022 and recommended a final dividend of Rs.2/- per equity share of Rs.2/- each for the financial year ended March 31, 2022, subject to the approval of the members at the ensuing 11th Annual General Meeting of the Company (AGM).The AGM has been scheduled on Thursday, June 30, 2022. The record date for payment of the final dividend would be June 24, 2022, and the dividend approved by the members will be paid on and after July 05, 2022.A copy of the said Financial Results, Investor presentation and Press release are enclosed herewith. Publication of Notice regarding the Annual General Meeting and information on E-voting pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (As Per BSE Announcement dated on 08.06.2022) Further to our letter dated June 06, 2022 sharing copy of the Notice of the 11th AGM of the Company dated May 30, 2022, we confirm that the AGM as scheduled was held today i.e., June 30, 2022 and the business mentioned in the said Notice were duly transacted. In this regard, please find enclosed the proceedings as required under Regulation 30, Part A of Schedule - III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. (As Per BSE Announcement dated on 30.06.2022) Happiest Minds Technologies Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Happiest Minds Technologies Ltd has informed BSE regarding the details of Voting results at the 11th Annual General Meeting (AGM) of the Company held on June 30, 2022, under Regulation 44(3) of SEBI (LODR) Regulations, 2015 along with Scrutinizer''s Report. (As Per BSE Announcement Dated on 02.07.2022) Please find enclosed the transcript of the 11th Annual General Meeting of the Company held on June 30, 2022. The Transcript has been uploaded on the Company's website https://www.happiestminds.com/investors (As per BSE Announcement Dated on 11/07/2022)

AGM Date: 17 Jul 2023

We wish to inform that the Board of Directors of the Company at its meeting held today i.e., May 08, 2023, transacted the following businesses: 3. Annual General Meeting: The AGM has been scheduled on Monday, July 17, 2023, through Video Conference / Other Audio-Visual . The record date for payment of the final dividend would be Friday, July 7, 2023, and the dividend approved by the members will be paid on and after July 24, 2023. In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Notice of the AGM of the members of the Company to be held on Monday, the 17th day of July, 2023 at 4.00 pm (IST) through Video Conference / Other Audio Visual Means without the physical presence of the members at a common venue, which is being circulated to our members by email. (As Per BSE Announcement dated on 23.06.2023) In continuation to our letter dated June 23, 2023 with regard to the Notice of the Annual General Meeting, please find enclosed e-clips of the advertisement published today i.e., June 24, 2023 in Financial Express (English newspaper) and Vishwavani (Regional Newspaper) pursuant to Regulation 30 read with Schedule III Part A Para A and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. (As Per BSE Announcement dated on 25.06.2023) Proceedings of the AGM held on July 17, 2023. (As per BSE Announcement Dated on 18/07/2023) Scrutinizer''s report for the business transacted at the 12th AGM (As Per BSE Announcement Dated on 19.07.2023) Transcript of the 12th AGM held on July 17, 2023 (As Per BSE Announcement Dated on 28.07.2023)

AGM Date: 28 Jun 2024

The AGM has been scheduled on Friday, June 28, 2024, through Video Conference / Other Audio Visual means without the physical presence of the members at a common venue. The Register of Members of the Company will be closed from Saturday, June 15, 2024 to Friday, June 28, 2024 (both days inclusive) for the purpose of AGM, annual closing and for determining entitlement of members for the final dividend for FY'24. The record date for payment of the final dividend would be Friday, June 14, 2024, and the dividend approved by the members will be paid on and after July 05, 2024. Outcome of the 13th AGM held on June 28, 2024 Voting results and Scrutinizer''s Report for the 13th AGM. (As Per BSE Announcement dated on 28.06.2024) Voting Results along with Scrutinizer report for Postal ballot through remote e-Voting process (As Per BSE Announcement Dated on: 23/09/2024)

Happiest Minds Technologies Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
Happiest Minds Technologies Ltd	₹717.40	₹10,924.19
Tata Consultancy Services Ltd	₹4,034.35	₹14,59,663.14
Infosys Ltd	₹1,799.80	₹7,47,325.41
HCL Technologies Ltd	₹1,801.70	₹4,88,921.04
Wipro Ltd	₹298.30	₹3,12,315.22
LTIMindtree Ltd	₹5,756.05	₹1,70,543.44

Happiest Minds Technologies Ltd News

Happiest Minds Technologies schedules board meeting

On 4 February 2025

22 Jan 2025, 10:17 am

Happiest Minds join hands with Coca-Cola Vietnam

Happiest Minds Technologies announced a strategic collaboration with Coca-Cola Beverages Vietnam to develop generative AI (GenAI) solutions through their Generative AI Business Services (GBS).

16 Jan 2025, 11:17 am

Happiest Minds Technologies partners with Coca-Cola Beverages Vietnam

To implement GenAI solutions at Coca-Cola Beverages Vietnam

15 Jan 2025, 06:43 pm

PureSoftware's BaaS platform Arttha strengthens its position in digital lending space

11 Dec 2024, 05:14 pm

Board of Happiest Minds Technologies recommends interim dividend

Of Rs 2.5 per share

14 Nov 2024, 10:01 am

Happiest Minds Technologies Ltd Stock Analysis

Annual revenue for Happiest Minds Technologies Ltd increased by 16.92% to ₹1,584.14 crore in FY 2024 from ₹1,354.89 crore in FY 2023.
Annual Net Profit for Happiest Minds Technologies Ltd increased by 13.56% to ₹245.73 crore in FY 2024 from ₹216.38 crore in FY 2023.
Promoter Shareholding in Happiest Minds Technologies Ltd remains unchanged by 0.00% in the most recent quarter, from 44.22% in September 2024 to 44.22% in December 2024.
Happiest Minds Technologies Ltd delivered a 1-year return of -16.23% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
Happiest Minds Technologies Ltd share price moved down by 0.20% from its previous close of INR ₹717.35. The latest Happiest Minds Technologies Ltd share price is INR ₹715.95.
Happiest Minds Technologies Ltd share price today has been at a low of 708 and a high of 719.90. Over the past 52 weeks, the Happiest Minds Technologies Ltd share price has seen a low of 691.85 and a high of 956.

About Happiest Minds Technologies Ltd

Happiest Minds Technologies Ltd. is a digital transformation IT consulting and services company. Founded in 2011, it has been in business for many years. The company focuses on Big Data, Analytics, Cloud, Mobility, and Security. Their services help businesses make better decisions and enhance customer experiences.

Operating in the Information Technology (IT) sector, Happiest Minds is headquartered in Bengaluru, Karnataka, India. The company was founded by Ashok Soota, who also serves as the Executive Chairman.

Happiest Minds offers a range of services, including Digital Transformation, Big Data and Analytics, Cloud Services, Mobility Solutions, and Security Services. These services are designed to help businesses navigate the complexities of the digital world and stay competitive.

While Happiest Minds is not the biggest player in the IT sector, it has made significant strides in its field. The promoter shareholding in the company is approximately 44.22%, indicating strong confidence from its founders and key stakeholders.
The other managing promoters of the company are:

Venkatraman Narayanan
Rajendra Kumar Srivastava
Joseph Anantharaju
Anita Ramachandran

The registered office of Happiest Minds is located at SJR Equinox, Sy. No.47/8, Doddathogur Village, Begur Hobli, Electronic City, Bengaluru, Karnataka 560100. The company’s registrar is KFin Technologies Private Limited.

Led by a team of experienced professionals, Happiest Minds continues to innovate and provide valuable IT solutions to its clients. With a focus on digital transformation, the company is well-positioned to meet the evolving needs of businesses in the digital age.

Company Goals

Happiest Minds Technologies Ltd. has set ambitious goals to drive its growth and success in the digital transformation space. Here are the key goals and objectives of the company:

Vision and Mission
Happiest Minds aims to be a leader in digital transformation, leveraging disruptive technologies to deliver seamless customer experiences. It also provides enhanced business efficiency and actionable insights. Their mission is to enable enterprises and technology providers to navigate the complexities of the digital world effectively.

Strategic Goals
Digital Transformation Leadership: Happiest Minds strives to be at the forefront of digital transformation by continuously innovating and adopting the latest technologies. This includes advancements in artificial intelligence, blockchain, cloud computing, digital process automation, Internet of Things (IoT), and cybersecurity.

Sustainable Growth: The company is focused on achieving accelerated profitable growth while maintaining high standards of corporate governance. They aim to create value sustainably by balancing financial performance with social and environmental responsibilities.

Customer-Centric Approach: Happiest Minds is committed to delivering exceptional customer experiences. They aim to understand and anticipate customer needs, providing tailored solutions that drive business success. This customer-centric approach is central to their strategy.

Innovation and Thought Leadership: The company aspires to be recognized for its thought leadership in technology and solutions. By fostering a culture of innovation, Happiest Minds aims to stay ahead of industry trends and provide cutting-edge solutions to its clients.

Employee Engagement and Development: Happiest Minds places a strong emphasis on employee happiness and engagement. They aim to build and sustain a world-class team by investing in employee development, fostering a positive work environment, and promoting a culture of happiness and well-being.

Operational Goals
Operational Excellence: The company is dedicated to achieving operational excellence through continuous improvement of its systems and processes. This includes leveraging best practices in project management, quality control, and customer feedback to deliver predictable quality and value.

Global Expansion: Happiest Minds aims to expand its global footprint by increasing its presence in key markets such as the U.S., UK, Canada, Australia, and the Middle East. This expansion is aimed at tapping into new opportunities and serving a broader customer base.

Sustainability Initiatives: The company is committed to being a leader in social responsibility initiatives. This includes reducing its environmental impact, supporting community development, and promoting ethical business practices.

Financial Goals
Revenue Growth: Happiest Minds targets consistent revenue growth by expanding its service offerings and entering new markets. They aim to achieve this through strategic acquisitions, partnerships, and organic growth.

Profitability: The company focuses on maintaining strong profitability by optimizing its cost structure, improving operational efficiency, and delivering high-value services to its clients.

Shareholder Value: Happiest Minds is committed to enhancing shareholder value through prudent financial management, transparent governance practices, and regular communication with investors.

Key Performance Indicators (KPIs)
To measure their progress towards these goals, Happiest Minds uses a set of key performance indicators. This includes revenue growth, profitability, customer satisfaction, employee engagement, and sustainability metrics. These KPIs help the company track its performance and make informed decisions to drive continuous improvement.

Conclusion
Happiest Minds Technologies Ltd. is focused on achieving its vision of being a leader in digital transformation. The company is setting clear strategic, operational, and financial goals. With this, it aims to drive sustainable growth. It will deliver exceptional customer experiences, and create value for all stakeholders. It has a strong emphasis on innovation, employee engagement, and social responsibility. Happiest Minds is well-positioned to navigate the future of the digital world.