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Happiest Minds Technologies Ltd

(HAPPSTMNDS)

₹700.253.48%

as on 04:01PM, 20 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Happiest Minds Technologies Ltd Analyst Rating

based on 6 analysts

BUY

66.67%

Buy

33.33%

Hold

0.00%

Sell

Based on 6 analysts offering long term price targets for Happiest Minds Technologies Ltd. An average target of ₹809.67

Source: S&P Global Market Intelligence

Happiest Minds Technologies Ltd Share analysis

Happiest Minds Technologies Ltd price forecast by 6 analysts

Upside of11.60%

High

₹872

Target

₹809.67

Low

₹710

Happiest Minds Technologies Ltd target price ₹809.67, a slight upside of 11.6% compared to current price of ₹700.25. According to 6 analysts rating.

Source: S&P Global Market Intelligence

Happiest Minds Technologies Ltd Performance

  • Day's Low

    Day's High

    ₹691.85
    Day's Price Range
    ₹735.15
  • 52 Week's Low

    52 Week's High

    ₹691.85
    52-Week Price Range
    ₹961
1 Month Return+ 0.74 %
3 Month Return-8.59 %
1 Year Return-20.65 %
Previous Close₹725.50
Open₹731.20
Volume6.96L
Upper Circuit-
Lower Circuit-
Market Cap₹11,145.75Cr

Happiest Minds Technologies Ltd Key Statistics

P/E Ratio46.96
PEG Ratio-86.96
Market Cap₹11,145.75 Cr
P/B Ratio7.54
EPS16.63
Dividend Yield0.76
SectorIT - Software
ROE21.37

Happiest Minds Technologies Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹11,145.75 Cr19.12%0.64₹248 Cr₹1,626 Cr
BUY₹25,537.66 Cr104.62%0.50₹297 Cr₹1,842 Cr
SELL₹45,034.28 Cr149.12%0.55NANA
BUY₹63,324.86 Cr102.35%0.57₹835 Cr₹9,179 Cr
HOLD₹1,02,054.48 Cr377.98%0.52₹1,093 Cr₹9,821 Cr

About Happiest Minds Technologies Ltd

Happiest Minds Technologies Ltd is a leading IT services company incorporated in August 2011. The company provides a wide range of services including Digital Transformation, Product Engineering, Infrastructure Management, Security, Cloud, Analytics and Mobility.

Happiest Minds Technologies offers products and services that span across multiple industry verticals such as Banking & Financial Services, Retail, Manufacturing, Automotive, Healthcare, Media & Entertainment, Hi-Tech & Telecom, and Travel & Hospitality. Some of its popular products include Digital Platforms, Mobile Solutions, Cloud Solutions, and Enterprise Solutions.

The company's popular brands include Happiest Minds, Happiest Minds Cloud Services, Happiest Minds IoT, and Happiest Minds Security. It also offers a wide range of services such as Consulting, System Integration, Application Development & Maintenance, and Infrastructure Management.

Share Price: ₹700.25 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹11,145.75Cr as of today
Revenue: ₹521.64Cr as on September 2024 (Q3 24)
Net Profit: ₹49.52Cr as on September 2024 (Q3 24)
Listing date: 17 Sep, 2020
Chairperson Name: Joseph Anantharaju
OrganisationHappiest Minds Technologies Ltd
HeadquartersBengaluru
IndustryIT - Software
E-voting on sharesClick here to vote

Key events for Happiest Minds Technologies Ltd

  • Happiest Minds Reports Mixed Financial Results - 10 Dec, 2024

    Happiest Minds reported a 28.29% increase in net sales to Rs 521.64 crore for September 2024, but net profit fell 15.29% to Rs 49.52 crore. EBITDA rose 13.37%, while EPS decreased to Rs 3.29.
  • Happiest Minds Sees Surge in Trading Volume - 02 Dec, 2024

    Happiest Minds Technologies Ltd experienced a significant trading volume of 27.6 lakh shares, an 8.72-fold increase over the two-week average. The stock price rose by 6.53% to Rs. 770.50.
  • Happiest Minds Aims for $1 Billion Revenue by 2031 - 29 Nov, 2024

    Happiest Minds announced its revised goal of reaching $1 billion in revenue by 2031, a year later than previously planned. The company reported a revenue of $196 million for the year ending March 2024, reflecting a 10.3% year-on-year growth.
  • Happiest Minds Technologies Declares Interim Dividend - 26 Nov, 2024

    Happiest Minds Technologies has announced an interim dividend of Rs 2.50 per share, with the ex-date for dividend eligibility set for November 27.
  • Happiest Minds Technologies Reports Strong Growth and Innovation - 20 Nov, 2024

    Happiest Minds Technologies Limited, with a market cap of ₹110 billion, achieved 21% yearly revenue growth, exceeding the market average. The company forecasts 24.8% annual earnings growth over the next three years and recently launched Happiest Minds Secureline360, an AI-driven security solution, reinforcing its commitment to innovation in cybersecurity.
  • Happiest Minds Reports Q2FY25 Financials - 18 Nov, 2024

    Happiest Minds Technologies reported a net profit of ₹50 crore for Q2FY25, a 3% decline from the previous quarter. Revenue increased by 12% to ₹522 crore, with a 13.2% operating margin. The board declared an interim dividend of ₹2 per share.
  • Happiest Minds Reports Mixed Q2 Results Amid Growth Plans - 15 Nov, 2024

    Happiest Minds Technologies reported a 15.2% decline in Q2 net profit to ₹49.52 crore, despite a 28.2% revenue increase. Analysts maintain an 'Accumulate' rating, lowering the target price to ₹803. The company anticipates strong growth in H2 driven by AI investments and market expansion.
  • Happiest Minds Reports Strong Q2 Growth Results - 14 Nov, 2024

    Happiest Minds Technologies announced strong Q2 FY25 results, achieving 12.3% QoQ revenue growth and a net profit of ₹49.51 crore. The company anticipates further growth driven by a $2 million investment in generative AI and recent acquisitions.

Insights on Happiest Minds Technologies Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 1.46% to 2.66% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 17 quarters, 187.91 Cr → 548.67 Cr (in ₹), with an average increase of 6.4% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 5.30% to 5.33% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, HCL Technologies Ltd has given 69.0% return, outperforming this stock by 108.1%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 44.22% of holdings in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Wipro Ltd has given 42.5% return, outperforming this stock by 63.4%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 45.83% to 44.61% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 years, HAPPSTMNDS stock has moved down by -39.1%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 71.98 Cr → 49.52 Cr (in ₹), with an average decrease of 16.0% per quarter

Happiest Minds Technologies Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹406.62Cr (-)₹409.88Cr (↑0.80%)₹417.29Cr (↑1.81%)₹463.82Cr (↑11.15%)₹521.64Cr (↑12.47%)
Net Income₹58.46Cr (-)₹59.62Cr (↑1.98%)₹71.98Cr (↑20.73%)₹51.03Cr (↓29.11%)₹49.52Cr (↓2.96%)
Net Profit Margin14.38% (-)14.55% (↑1.18%)17.25% (↑18.56%)11.00% (↓36.23%)9.49% (↓13.73%)
Value in ₹ crore
Details2021202220232024
Total Assets₹906.95Cr (-)₹1,088.42Cr (↑20.01%)₹1,578.16Cr (↑45.00%)₹2,211.73Cr (↑40.15%)
Total Liabilities₹360.28Cr (-)₹418.68Cr (↑16.21%)₹752.18Cr (↑79.66%)₹738.03Cr (↓1.88%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹112.62Cr (-)₹149.87Cr (↑33.08%)₹159.27Cr (↑6.27%)₹171.79Cr (↑7.86%)₹189.07Cr (↑10.06%)

Index Inclusions

Nifty Small 100

₹18,714.30

-2.19 (-418.8%)

BSE IT Sector

₹43,608.13

-2.51 (-1123.25%)

BSE 500

₹35,082.25

-1.9 (-680.42%)

Nifty 500

₹22,319.40

-1.9 (-432.75%)

Nifty Smallcap 250

₹17,693.65

-2.01 (-363.55%)

S&P BSE 400 MidSmallCap

₹12,101.72

-2.24 (-276.79%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

S&P BSE 250 SmallCap

₹7,054.81

-2.03 (-146.24%)

BSE Small-Cap

₹55,149.22

-2.11 (-1188.47%)

Nifty MidSmallcap 400

₹19,899.40

-2.27 (-461.95%)

Happiest Minds Technologies Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
44.22%
0.00
Foreign Institutions
5.33%
0.51
Mutual Funds
2.66%
82.13
Retail Investors
44.61%
-2.66
Others
3.17%
-0.29

Happiest Minds Technologies Ltd Key Indicators

Details20202021202220232024
Return On Assets %14.1117.9116.6514.6411.23
Details2021202220232024
Book Value Per Share (₹)38.4946.6658.5499.11
Details2021202220232024
Earning Per Share (₹)11.4512.716.1216.63
Details20202021202220232024
Return On Equity %35.143930.6628.9321.37

Happiest Minds Technologies Ltd Valuation

Happiest Minds Technologies Ltd in the last 5 years

  • Overview

  • Trends

Lowest (34.57x)

January 7, 2021

Industry (41.76x)

December 19, 2024

Today (46.96x)

December 19, 2024

Highest (144.65x)

July 19, 2021

LowHigh

Happiest Minds Technologies Ltd Earnings and Dividends

  • Happiest Minds Technologies Ltd Earnings Results

    Happiest Minds Technologies Ltd’s net profit fell -15.29% since last year same period to ₹49.52Cr in the Q2 2024-2025. On a quarterly growth basis, Happiest Minds Technologies Ltd has generated -2.96% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Happiest Minds Technologies Ltd Dividends November,2024

    In the quarter ending September 2024, Happiest Minds Technologies Ltd has declared dividend of ₹2.50 - translating a dividend yield of 0.82%.

    Read More about Dividends

Happiest Minds Technologies Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Happiest Minds Technologies Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Happiest Minds Technologies Ltd (HAPPSTMNDS) share price today is ₹700.25

Happiest Minds Technologies Ltd is listed on NSE

Happiest Minds Technologies Ltd is listed on BSE

  • Today’s highest price of Happiest Minds Technologies Ltd is ₹735.15.
  • Today’s lowest price of Happiest Minds Technologies Ltd is ₹691.85.

PE Ratio of Happiest Minds Technologies Ltd is 46.96

PE ratio = Happiest Minds Technologies Ltd Market price per share / Happiest Minds Technologies Ltd Earnings per share

Today’s traded volume of Happiest Minds Technologies Ltd(HAPPSTMNDS) is 6.96L.

Today’s market capitalisation of Happiest Minds Technologies Ltd(HAPPSTMNDS) is ₹11145.75Cr.

Happiest Minds Technologies Ltd(HAPPSTMNDSPrice
52 Week High
₹961
52 Week Low
₹691.85

Happiest Minds Technologies Ltd(HAPPSTMNDS) share price is ₹700.25. It is down -27.13% from its 52 Week High price of ₹961

Happiest Minds Technologies Ltd(HAPPSTMNDS) share price is ₹700.25. It is up 1.21% from its 52 Week Low price of ₹691.85

Happiest Minds Technologies Ltd(HAPPSTMNDSReturns
1 Day Returns
-25.25%
1 Month Returns
0.74%
3 Month Returns
-8.59%
1 Year Returns
-20.65%