1. Happiest Minds Technologies
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67% Buy

Happiest Minds Technologies Share Price

HAPPSTMNDS

₹818.85-₹2.75 (-0.33%) Past Year
₹816.30₹823.50
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Company overview

About

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Market cap

Market Cap Switch₹12,657 Cr

Open

₹819.90

Close

₹821.60

Circuit range

₹985.90 - ₹657.30

Day range

₹816.30 - ₹823.50

Year range

₹741.00 - ₹1,023.00

Volume

1,31,269

Avg. traded

₹819.18

Revenue (12m)

₹1,585 Cr

Happiest Minds Technologies

Happiest Minds Technologies Limited is a leading IT services and consulting firm. The company specialises in innovative and emerging technologies.

The company was founded in 2011 by Ashoka Soota and a group of industry experts. The company started its operations by offering its clients IT solutions backed by emerging technologies.

Happiest Minds Technologies Limited’s offerings include IT services, software product engineering, infrastructure management, security architecture, testing and consulting.

Happiest Minds primarily works in three segments: digital business services, product engineering services and infrastructure and management security services.

The company offers its services to clients across different countries, including the United States and the United Kingdom. In 2013, the company expanded its operations to Australia.

In 2019, the company ventured into the fields of automation, blockchain, cloud solution and artificial intelligence (AI).

Happiest Minds provides services across industries, including Manufacturing, banking, financial services, Insurance, consumer goods, travel, transportation and Media. It also works in the areas of demand-driven supply chain and multi-channel commerce.

The market capitalisation of Happiest Minds Technologies Ltd stood at nearly ₹13,400 crore as of January 15, 2024. Happiest Minds share price has increased more than 150% in the last three years.

Business Operations

Happiest Minds provides its service through its 4 centres of excellence and 7 solutions accelerators. More than 4900 employees currently work for the company. The company’s operations are spread across the US, Canada, the UK, Middle East and Australia.

The company has diversified into the fields of Product and Digital Engineering Services (PDES), Generative AI Business Services (GBS), and Infrastructure Management and Security Services (IMSS). Happiest Minds' services are ISO and CREST-certified.

The company has also tied up with Microsoft, AWS, SAP Hybris, Magento, and Google Cloud to develop unique products and solutions to enable its clients to drive growth. The company, through its collaborations, helps businesses to leverage technology to improve market access, stay ahead in digital space and to deploy innovative solutions to unique business problems.

Financial Information

The company’s revenue in FY23 stood at ₹1,450.40 crore, up 28.26% year-on-year compared to ₹1,130.75 crore in FY22. Profit after tax (PAT) surged 27.5% year-on-year to ₹231 crore in FY23, as against ₹181.20 crore in FY22. EBITDA (earnings before interest, taxes, depreciation, and amortisation) of the company increased from ₹294.77 crore in FY22 to ₹380 crore in FY23, witnessing a growth of 28.9%. The company’s EBITDA margin improved to 26.2% in FY23 compared to 26.1% in FY22. Its earnings per share (EPS) stood at ₹16.13 in FY23 as against ₹12.84 in FY22.

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Happiest Minds Technologies Key indicators

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52 week high

₹1,023.00

52 week low

₹741.00

P/E ratio

53.25

P/B ratio

8.57

ROE

29.06%

ROCE

28.96%

Dividend yield

0.66%

Debt/Equity ratio

0.58

EPS

15.11

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Investment checklist: (3/6)

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

67%

Hold

33%

Sell

0%

This analysis is based on the reviews of 3 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

25.75%

Net profit margin

16.24%

ROE

29.06%

ROA

16.39%

ROCE

28.96%

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Happiest Minds Technologies Shareholder returns

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1 day

-0.33%

1 week

+0.05%

1 month

-1.51%

3 months

-8.27%

1 year

+2.01%

3 years

+26.47%

5 years

+120.74%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Happiest Minds Technologies Share Price history

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DayOpenCloseDay’s change
Wed, Apr 10 2024
₹819.90
₹818.85
-0.13%
Tue, Apr 9 2024
₹817.00
₹821.60
+0.56%
Mon, Apr 8 2024
₹835.00
₹816.65
-2.25%
Fri, Apr 5 2024
₹821.05
₹824.35
+0.40%
Thu, Apr 4 2024
₹830.00
₹821.75
-1.00%
Wed, Apr 3 2024
₹800.00
₹818.45
+2.25%
Tue, Apr 2 2024
₹798.10
₹806.80
+1.08%
Mon, Apr 1 2024
₹750.90
₹796.50
+5.73%

Shareholding info

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Promoters (50.24%)

Mutual Funds (1.18%)

Retail and other (42.3%)

Foreign institutions-FII (5.05%)

Other domestic institutions (1.23%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹2.5/share

    Ex date 30 Oct 2023

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  • Dividend • ₹3.4/share

    Ex date 07 Jul 2023

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  • Dividend • ₹2/share

    Ex date 02 Nov 2022

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  • Dividend • ₹2/share

    Ex date 23 Jun 2022

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  • Dividend • ₹1.75/share

    Ex date 09 Nov 2021

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Frequently asked questions