Share Price and Basic Stock Data
Last Updated: January 31, 2026, 8:48 pm
| PEG Ratio | -28.05 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Happiest Minds Technologies Ltd operates in the IT Consulting & Software industry, with a current market capitalization of ₹6,176 Cr. The company reported a revenue of ₹1,333 Cr for the fiscal year ending March 2023, which marked a significant increase from ₹1,034 Cr in the previous year. This upward trajectory continued into FY 2024, with revenues expected to rise to ₹1,473 Cr. The quarterly sales data reveals a consistent growth pattern, with sales standing at ₹370 Cr in September 2023, up from ₹338 Cr in September 2022. The company’s operating profit margin (OPM) for September 2023 was reported at 19%, a decline from 25% in September 2022, indicating some pressure on margins due to rising costs. Despite this, the overall sales trend illustrates a robust demand for Happiest Minds’ services, supported by a diversified client base and strategic investments in technology and talent.
Profitability and Efficiency Metrics
Happiest Minds Technologies reported a net profit of ₹183 Cr for the fiscal year ending March 2025, reflecting a decline from ₹216 Cr in the previous year. The company’s profit before tax stood at ₹213 Cr, indicating a decrease from ₹292 Cr in FY 2023, largely due to increased operating expenses and higher interest payments, which rose to ₹92 Cr in FY 2025 from ₹22 Cr in FY 2023. The return on equity (ROE) was reported at 12.3%, while the return on capital employed (ROCE) stood at 13.9%, which are moderate figures compared to sector averages. The interest coverage ratio (ICR) of 4.58x reveals the company’s ability to meet its interest obligations comfortably, although a declining trend in profitability metrics raises concerns about long-term sustainability. The cash conversion cycle, reported at 65 days, indicates efficient working capital management, although it is a slight increase from previous periods, suggesting a need for further optimization.
Balance Sheet Strength and Financial Ratios
Happiest Minds Technologies has a balanced financial structure, with total borrowings reported at ₹1,244 Cr against reserves of ₹1,529 Cr. The company’s current ratio of 1.66 indicates a solid liquidity position, allowing it to cover its short-term liabilities comfortably. The debt-to-equity ratio stood at 0.73, which is on the higher end compared to typical sector norms, suggesting a greater reliance on debt to finance growth. The book value per share increased to ₹104.94 in March 2025, reflecting a solid foundation for shareholder value. However, the price-to-book value ratio of 5.68x indicates that the stock is trading at a premium, which could be a concern for value investors. The efficiency metrics, including a return on assets (ROA) of 5.49%, reveal room for improvement in asset utilization, suggesting that while the company is profitable, there are opportunities to enhance operational efficiency further.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Happiest Minds Technologies reflects a diverse investor base, with promoters holding 44.21% of the equity. Foreign institutional investors (FIIs) have increased their stake to 5.39%, while domestic institutional investors (DIIs) hold 10.20%. Public shareholding stands at 38.83%, indicating a broad distribution of shares among retail investors. The decline in promoter holding from 53.24% in December 2022 to 44.21% in September 2025 may raise concerns regarding insider confidence, although the retail participation suggests a positive outlook from the public. The number of shareholders has decreased to 664,262 as of September 2025, which could indicate consolidation among larger investors, potentially impacting liquidity. Overall, the stable shareholding pattern combined with increasing institutional interest reflects a level of investor confidence, although the declining promoter stake warrants monitoring.
Outlook, Risks, and Final Insight
Looking ahead, Happiest Minds Technologies faces both opportunities and risks. The growing demand for IT services provides a favorable outlook for revenue growth, especially as digital transformation accelerates across industries. However, rising operational costs and the recent decline in profitability metrics may pose challenges. The company’s ability to maintain its competitive edge will depend on effective cost management and innovation in service offerings. Risks include potential market volatility and competition from larger IT firms, which could impact market share. Furthermore, fluctuations in foreign exchange rates may affect profitability given the international nature of its clientele. In conclusion, while Happiest Minds Technologies has a strong business foundation and growth potential, careful navigation of the competitive landscape and operational efficiency will be critical for sustaining long-term success.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Visesh Infotecnics Ltd | 125 Cr. | 0.33 | / | 1.11 | 0.00 % | 2.21 % | 2.23 % | 1.00 | |
| Mudunuru Ltd | 54.7 Cr. | 17.3 | 21.0/4.43 | 0.20 | 0.00 % | 27.0 % | 90.7 % | 2.00 | |
| Naapbooks Ltd | 133 Cr. | 123 | 194/99.8 | 20.3 | 36.4 | 0.00 % | 23.6 % | 17.1 % | 10.0 |
| IB Infotech Enterprises Ltd | 53.8 Cr. | 420 | 446/140 | 33.6 | 26.7 | 0.24 % | 38.5 % | 35.4 % | 10.0 |
| Hit Kit Global Solutions Ltd | 8.30 Cr. | 1.54 | 1.73/0.91 | 2.47 | 0.00 % | 2.14 % | 2.15 % | 2.00 | |
| Industry Average | 20,793.10 Cr | 529.61 | 78.20 | 123.53 | 0.60% | 14.88% | 20.92% | 6.84 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 338 | 345 | 342 | 357 | 370 | 371 | 375 | 372 | 403 | 373 | 361 | 406 | 430 |
| Expenses | 254 | 266 | 262 | 276 | 298 | 302 | 308 | 312 | 334 | 322 | 335 | 343 | 363 |
| Operating Profit | 83 | 79 | 80 | 81 | 72 | 68 | 68 | 60 | 69 | 51 | 26 | 62 | 68 |
| OPM % | 25% | 23% | 23% | 23% | 19% | 18% | 18% | 16% | 17% | 14% | 7% | 15% | 16% |
| Other Income | 4 | 8 | 9 | 14 | 22 | 51 | 26 | 26 | 27 | 22 | 70 | 29 | 39 |
| Interest | 5 | 6 | 9 | 10 | 11 | 11 | 10 | 18 | 25 | 24 | 25 | 23 | 24 |
| Depreciation | 7 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 13 | 10 | 9 | 13 | 13 |
| Profit before tax | 76 | 73 | 73 | 78 | 74 | 99 | 74 | 60 | 58 | 39 | 62 | 55 | 70 |
| Tax % | 27% | 22% | 29% | 26% | 26% | 20% | 27% | 27% | 26% | 27% | 7% | 26% | 19% |
| Net Profit | 55 | 57 | 51 | 57 | 55 | 80 | 54 | 44 | 43 | 29 | 58 | 40 | 56 |
| EPS in Rs | 3.77 | 3.90 | 3.49 | 3.91 | 3.58 | 5.24 | 3.54 | 2.88 | 2.82 | 1.88 | 3.79 | 2.66 | 3.69 |
Last Updated: January 1, 2026, 12:46 pm
Below is a detailed analysis of the quarterly data for Happiest Minds Technologies Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 430.00 Cr.. The value appears strong and on an upward trend. It has increased from 406.00 Cr. (Jun 2025) to 430.00 Cr., marking an increase of 24.00 Cr..
- For Expenses, as of Sep 2025, the value is 363.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 343.00 Cr. (Jun 2025) to 363.00 Cr., marking an increase of 20.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 68.00 Cr.. The value appears strong and on an upward trend. It has increased from 62.00 Cr. (Jun 2025) to 68.00 Cr., marking an increase of 6.00 Cr..
- For OPM %, as of Sep 2025, the value is 16.00%. The value appears strong and on an upward trend. It has increased from 15.00% (Jun 2025) to 16.00%, marking an increase of 1.00%.
- For Other Income, as of Sep 2025, the value is 39.00 Cr.. The value appears strong and on an upward trend. It has increased from 29.00 Cr. (Jun 2025) to 39.00 Cr., marking an increase of 10.00 Cr..
- For Interest, as of Sep 2025, the value is 24.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 23.00 Cr. (Jun 2025) to 24.00 Cr., marking an increase of 1.00 Cr..
- For Depreciation, as of Sep 2025, the value is 13.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 13.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 70.00 Cr.. The value appears strong and on an upward trend. It has increased from 55.00 Cr. (Jun 2025) to 70.00 Cr., marking an increase of 15.00 Cr..
- For Tax %, as of Sep 2025, the value is 19.00%. The value appears to be improving (decreasing) as expected. It has decreased from 26.00% (Jun 2025) to 19.00%, marking a decrease of 7.00%.
- For Net Profit, as of Sep 2025, the value is 56.00 Cr.. The value appears strong and on an upward trend. It has increased from 40.00 Cr. (Jun 2025) to 56.00 Cr., marking an increase of 16.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 3.69. The value appears strong and on an upward trend. It has increased from 2.66 (Jun 2025) to 3.69, marking an increase of 1.03.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 5:16 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 171 | 270 | 341 | 431 | 444 | 590 | 698 | 761 | 1,034 | 1,333 | 1,473 | 1,481 | 1,570 |
| Expenses | 239 | 296 | 339 | 430 | 461 | 531 | 599 | 571 | 788 | 1,012 | 1,184 | 1,283 | 1,363 |
| Operating Profit | -69 | -27 | 2 | 1 | -17 | 59 | 99 | 190 | 246 | 321 | 289 | 198 | 207 |
| OPM % | -40% | -10% | 1% | 0% | -4% | 10% | 14% | 25% | 24% | 24% | 20% | 13% | 13% |
| Other Income | 7 | 7 | 10 | 15 | 17 | -19 | 5 | 23 | 38 | 22 | 113 | 144 | 159 |
| Interest | 1 | 1 | 1 | 2 | 6 | 16 | 8 | 7 | 8 | 22 | 42 | 92 | 96 |
| Depreciation | 4 | 5 | 5 | 6 | 7 | 20 | 20 | 21 | 24 | 30 | 34 | 37 | 45 |
| Profit before tax | -66 | -26 | 5 | 7 | -13 | 4 | 75 | 186 | 251 | 292 | 325 | 213 | 226 |
| Tax % | 0% | 0% | 0% | 43% | 0% | 0% | 3% | 13% | 26% | 26% | 24% | 21% | |
| Net Profit | -66 | -26 | 5 | 4 | -13 | 4 | 73 | 162 | 186 | 216 | 246 | 169 | 183 |
| EPS in Rs | -23.35 | -8.93 | 1.51 | 1.17 | -3.52 | 1.11 | 14.87 | 11.03 | 12.70 | 14.73 | 16.14 | 11.07 | 12.02 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 26% | 29% | 36% | 35% | 53% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 60.61% | 119.23% | -20.00% | -425.00% | 130.77% | 1725.00% | 121.92% | 14.81% | 16.13% | 13.89% | -31.30% |
| Change in YoY Net Profit Growth (%) | 0.00% | 58.62% | -139.23% | -405.00% | 555.77% | 1594.23% | -1603.08% | -107.10% | 1.31% | -2.24% | -45.19% |
Happiest Minds Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 16% |
| 3 Years: | 13% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 17% |
| 3 Years: | 0% |
| TTM: | -19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -18% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 23% |
| 3 Years: | 19% |
| Last Year: | 12% |
Last Updated: September 5, 2025, 5:45 am
Balance Sheet
Last Updated: December 10, 2025, 2:46 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 7 | 7 | 7 | 6 | 9 | 28 | 29 | 29 | 30 | 30 | 30 |
| Reserves | 63 | 79 | 84 | 156 | 143 | -96 | 220 | 518 | 641 | 797 | 1,444 | 1,522 | 1,529 |
| Borrowings | 37 | 48 | 71 | 95 | 138 | 406 | 150 | 193 | 250 | 543 | 512 | 1,175 | 1,244 |
| Other Liabilities | 35 | 49 | 51 | 54 | 71 | 95 | 129 | 168 | 163 | 208 | 222 | 327 | 269 |
| Total Liabilities | 140 | 182 | 213 | 311 | 360 | 412 | 508 | 907 | 1,083 | 1,576 | 2,208 | 3,054 | 3,072 |
| Fixed Assets | 8 | 7 | 8 | 11 | 44 | 61 | 38 | 29 | 63 | 199 | 203 | 206 | 304 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 |
| Investments | 51 | 68 | 70 | 155 | 161 | 98 | 83 | 489 | 524 | 197 | 197 | 1,275 | 1,266 |
| Other Assets | 82 | 107 | 135 | 145 | 155 | 252 | 387 | 389 | 495 | 1,178 | 1,807 | 1,573 | 1,502 |
| Total Assets | 140 | 182 | 213 | 311 | 360 | 412 | 508 | 907 | 1,083 | 1,576 | 2,208 | 3,054 | 3,072 |
Below is a detailed analysis of the balance sheet data for Happiest Minds Technologies Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 30.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 30.00 Cr..
- For Reserves, as of Sep 2025, the value is 1,529.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,522.00 Cr. (Mar 2025) to 1,529.00 Cr., marking an increase of 7.00 Cr..
- For Borrowings, as of Sep 2025, the value is 1,244.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 1,175.00 Cr. (Mar 2025) to 1,244.00 Cr., marking an increase of 69.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 269.00 Cr.. The value appears to be improving (decreasing). It has decreased from 327.00 Cr. (Mar 2025) to 269.00 Cr., marking a decrease of 58.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 3,072.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,054.00 Cr. (Mar 2025) to 3,072.00 Cr., marking an increase of 18.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 304.00 Cr.. The value appears strong and on an upward trend. It has increased from 206.00 Cr. (Mar 2025) to 304.00 Cr., marking an increase of 98.00 Cr..
- For CWIP, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
- For Investments, as of Sep 2025, the value is 1,266.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,275.00 Cr. (Mar 2025) to 1,266.00 Cr., marking a decrease of 9.00 Cr..
- For Other Assets, as of Sep 2025, the value is 1,502.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,573.00 Cr. (Mar 2025) to 1,502.00 Cr., marking a decrease of 71.00 Cr..
- For Total Assets, as of Sep 2025, the value is 3,072.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,054.00 Cr. (Mar 2025) to 3,072.00 Cr., marking an increase of 18.00 Cr..
Notably, the Reserves (1,529.00 Cr.) exceed the Borrowings (1,244.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -106.00 | -75.00 | -69.00 | -94.00 | -155.00 | -347.00 | -51.00 | -3.00 | -4.00 | -222.00 | -223.00 | 197.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 124 | 83 | 73 | 57 | 77 | 79 | 60 | 56 | 57 | 54 | 57 | 65 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 124 | 83 | 73 | 57 | 77 | 79 | 60 | 56 | 57 | 54 | 57 | 65 |
| Working Capital Days | 79 | 52 | 59 | 63 | 52 | 76 | 29 | 36 | -19 | -52 | -30 | -153 |
| ROCE % | -84% | -26% | 1% | -1% | -6% | 16% | 27% | 34% | 31% | 27% | 22% | 14% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| SBI Small Cap Fund | 7,000,000 | 0.89 | 322.28 | N/A | N/A | N/A |
| SBI Innovative Opportunities Fund | 3,879,772 | 2.99 | 178.62 | N/A | N/A | N/A |
| UTI Innovation Fund | 228,597 | 1.27 | 10.52 | N/A | N/A | N/A |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Basic EPS (Rs.) | 12.26 | 16.73 | 16.13 | 12.84 | 11.75 |
| Diluted EPS (Rs.) | 12.26 | 16.73 | 16.01 | 12.55 | 11.45 |
| Cash EPS (Rs.) | 18.22 | 20.53 | 19.04 | 15.00 | 13.06 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 104.94 | 99.11 | 58.54 | 46.66 | 38.49 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 104.94 | 99.11 | 58.54 | 46.66 | 38.49 |
| Revenue From Operations / Share (Rs.) | 137.34 | 108.78 | 99.74 | 76.64 | 54.52 |
| PBDIT / Share (Rs.) | 30.38 | 28.20 | 26.52 | 20.66 | 15.21 |
| PBIT / Share (Rs.) | 24.47 | 24.30 | 23.59 | 18.35 | 13.61 |
| PBT / Share (Rs.) | 17.02 | 22.41 | 21.62 | 17.23 | 13.11 |
| Net Profit / Share (Rs.) | 12.31 | 16.63 | 16.12 | 12.70 | 11.45 |
| NP After MI And SOA / Share (Rs.) | 12.31 | 16.63 | 16.12 | 12.70 | 11.45 |
| PBDIT Margin (%) | 22.11 | 25.92 | 26.58 | 26.95 | 27.89 |
| PBIT Margin (%) | 17.81 | 22.33 | 23.65 | 23.94 | 24.95 |
| PBT Margin (%) | 12.39 | 20.60 | 21.67 | 22.47 | 24.05 |
| Net Profit Margin (%) | 8.96 | 15.28 | 16.16 | 16.56 | 21.00 |
| NP After MI And SOA Margin (%) | 8.96 | 15.28 | 16.16 | 16.56 | 21.00 |
| Return on Networth / Equity (%) | 11.72 | 16.78 | 27.53 | 27.21 | 29.75 |
| Return on Capital Employeed (%) | 17.06 | 21.59 | 31.75 | 34.55 | 30.00 |
| Return On Assets (%) | 5.49 | 11.05 | 14.07 | 16.10 | 17.62 |
| Long Term Debt / Equity (X) | 0.21 | 0.07 | 0.13 | 0.02 | 0.06 |
| Total Debt / Equity (X) | 0.73 | 0.29 | 0.55 | 0.28 | 0.26 |
| Asset Turnover Ratio (%) | 0.73 | 0.83 | 1.03 | 1.03 | 1.08 |
| Current Ratio (X) | 1.66 | 3.14 | 1.86 | 2.53 | 2.67 |
| Quick Ratio (X) | 1.66 | 3.14 | 1.86 | 2.53 | 2.67 |
| Dividend Payout Ratio (NP) (%) | 46.61 | 34.63 | 24.74 | 37.69 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 31.48 | 28.05 | 20.94 | 31.90 | 0.00 |
| Earning Retention Ratio (%) | 53.39 | 65.37 | 75.26 | 62.31 | 0.00 |
| Cash Earning Retention Ratio (%) | 68.52 | 71.95 | 79.06 | 68.10 | 0.00 |
| Interest Coverage Ratio (X) | 4.58 | 9.96 | 17.38 | 29.63 | 30.95 |
| Interest Coverage Ratio (Post Tax) (X) | 2.98 | 6.54 | 11.86 | 19.82 | 24.31 |
| Enterprise Value (Cr.) | 9041.91 | 10218.97 | 10778.29 | 15080.34 | 7662.47 |
| EV / Net Operating Revenue (X) | 4.39 | 6.29 | 7.54 | 13.79 | 9.91 |
| EV / EBITDA (X) | 19.84 | 24.26 | 28.37 | 51.16 | 35.52 |
| MarketCap / Net Operating Revenue (X) | 4.34 | 6.84 | 7.70 | 13.77 | 9.91 |
| Retention Ratios (%) | 53.38 | 65.36 | 75.25 | 62.30 | 0.00 |
| Price / BV (X) | 5.68 | 7.51 | 13.12 | 22.62 | 14.03 |
| Price / Net Operating Revenue (X) | 4.34 | 6.84 | 7.70 | 13.77 | 9.91 |
| EarningsYield | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 |
After reviewing the key financial ratios for Happiest Minds Technologies Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 12.26. This value is within the healthy range. It has decreased from 16.73 (Mar 24) to 12.26, marking a decrease of 4.47.
- For Diluted EPS (Rs.), as of Mar 25, the value is 12.26. This value is within the healthy range. It has decreased from 16.73 (Mar 24) to 12.26, marking a decrease of 4.47.
- For Cash EPS (Rs.), as of Mar 25, the value is 18.22. This value is within the healthy range. It has decreased from 20.53 (Mar 24) to 18.22, marking a decrease of 2.31.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 104.94. It has increased from 99.11 (Mar 24) to 104.94, marking an increase of 5.83.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 104.94. It has increased from 99.11 (Mar 24) to 104.94, marking an increase of 5.83.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 137.34. It has increased from 108.78 (Mar 24) to 137.34, marking an increase of 28.56.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 30.38. This value is within the healthy range. It has increased from 28.20 (Mar 24) to 30.38, marking an increase of 2.18.
- For PBIT / Share (Rs.), as of Mar 25, the value is 24.47. This value is within the healthy range. It has increased from 24.30 (Mar 24) to 24.47, marking an increase of 0.17.
- For PBT / Share (Rs.), as of Mar 25, the value is 17.02. This value is within the healthy range. It has decreased from 22.41 (Mar 24) to 17.02, marking a decrease of 5.39.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 12.31. This value is within the healthy range. It has decreased from 16.63 (Mar 24) to 12.31, marking a decrease of 4.32.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 12.31. This value is within the healthy range. It has decreased from 16.63 (Mar 24) to 12.31, marking a decrease of 4.32.
- For PBDIT Margin (%), as of Mar 25, the value is 22.11. This value is within the healthy range. It has decreased from 25.92 (Mar 24) to 22.11, marking a decrease of 3.81.
- For PBIT Margin (%), as of Mar 25, the value is 17.81. This value is within the healthy range. It has decreased from 22.33 (Mar 24) to 17.81, marking a decrease of 4.52.
- For PBT Margin (%), as of Mar 25, the value is 12.39. This value is within the healthy range. It has decreased from 20.60 (Mar 24) to 12.39, marking a decrease of 8.21.
- For Net Profit Margin (%), as of Mar 25, the value is 8.96. This value is within the healthy range. It has decreased from 15.28 (Mar 24) to 8.96, marking a decrease of 6.32.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 8.96. This value is within the healthy range. It has decreased from 15.28 (Mar 24) to 8.96, marking a decrease of 6.32.
- For Return on Networth / Equity (%), as of Mar 25, the value is 11.72. This value is below the healthy minimum of 15. It has decreased from 16.78 (Mar 24) to 11.72, marking a decrease of 5.06.
- For Return on Capital Employeed (%), as of Mar 25, the value is 17.06. This value is within the healthy range. It has decreased from 21.59 (Mar 24) to 17.06, marking a decrease of 4.53.
- For Return On Assets (%), as of Mar 25, the value is 5.49. This value is within the healthy range. It has decreased from 11.05 (Mar 24) to 5.49, marking a decrease of 5.56.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.21. This value is within the healthy range. It has increased from 0.07 (Mar 24) to 0.21, marking an increase of 0.14.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.73. This value is within the healthy range. It has increased from 0.29 (Mar 24) to 0.73, marking an increase of 0.44.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.73. It has decreased from 0.83 (Mar 24) to 0.73, marking a decrease of 0.10.
- For Current Ratio (X), as of Mar 25, the value is 1.66. This value is within the healthy range. It has decreased from 3.14 (Mar 24) to 1.66, marking a decrease of 1.48.
- For Quick Ratio (X), as of Mar 25, the value is 1.66. This value is within the healthy range. It has decreased from 3.14 (Mar 24) to 1.66, marking a decrease of 1.48.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 46.61. This value is within the healthy range. It has increased from 34.63 (Mar 24) to 46.61, marking an increase of 11.98.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 31.48. This value is within the healthy range. It has increased from 28.05 (Mar 24) to 31.48, marking an increase of 3.43.
- For Earning Retention Ratio (%), as of Mar 25, the value is 53.39. This value is within the healthy range. It has decreased from 65.37 (Mar 24) to 53.39, marking a decrease of 11.98.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 68.52. This value is within the healthy range. It has decreased from 71.95 (Mar 24) to 68.52, marking a decrease of 3.43.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 4.58. This value is within the healthy range. It has decreased from 9.96 (Mar 24) to 4.58, marking a decrease of 5.38.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 2.98. This value is below the healthy minimum of 3. It has decreased from 6.54 (Mar 24) to 2.98, marking a decrease of 3.56.
- For Enterprise Value (Cr.), as of Mar 25, the value is 9,041.91. It has decreased from 10,218.97 (Mar 24) to 9,041.91, marking a decrease of 1,177.06.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 4.39. This value exceeds the healthy maximum of 3. It has decreased from 6.29 (Mar 24) to 4.39, marking a decrease of 1.90.
- For EV / EBITDA (X), as of Mar 25, the value is 19.84. This value exceeds the healthy maximum of 15. It has decreased from 24.26 (Mar 24) to 19.84, marking a decrease of 4.42.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 4.34. This value exceeds the healthy maximum of 3. It has decreased from 6.84 (Mar 24) to 4.34, marking a decrease of 2.50.
- For Retention Ratios (%), as of Mar 25, the value is 53.38. This value is within the healthy range. It has decreased from 65.36 (Mar 24) to 53.38, marking a decrease of 11.98.
- For Price / BV (X), as of Mar 25, the value is 5.68. This value exceeds the healthy maximum of 3. It has decreased from 7.51 (Mar 24) to 5.68, marking a decrease of 1.83.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 4.34. This value exceeds the healthy maximum of 3. It has decreased from 6.84 (Mar 24) to 4.34, marking a decrease of 2.50.
- For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.02.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Happiest Minds Technologies Ltd:
- Net Profit Margin: 8.96%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 17.06% (Industry Average ROCE: 14.88%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 11.72% (Industry Average ROE: 20.92%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 2.98
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.66
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 30.7 (Industry average Stock P/E: 78.2)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.73
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 8.96%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| IT Consulting & Software | #53/1-4, Hosur Main Road, Madivala (Next to Madivala Police Station), Bengaluru Karnataka 560068 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Ashok Soota | Chairman & Chief Mentor |
| Mr. Joseph Anantharaju | Co-Chairman |
| Mr. Venkatraman Narayanan | Managing Director |
| Mrs. Anita Ramachandran | Independent Director |
| Mr. Rajendra Kumar Srivastava | Independent Director |
| Ms. Shubha Rao Mayya | Independent Director |
| Mr. Mittu Sridhara | Independent Director |
| Mr. Rajiv Shah | Executive Director |
FAQ
What is the intrinsic value of Happiest Minds Technologies Ltd?
Happiest Minds Technologies Ltd's intrinsic value (as of 01 February 2026) is ₹309.18 which is 25.14% lower the current market price of ₹413.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹6,295 Cr. market cap, FY2025-2026 high/low of ₹774/395, reserves of ₹1,529 Cr, and liabilities of ₹3,072 Cr.
What is the Market Cap of Happiest Minds Technologies Ltd?
The Market Cap of Happiest Minds Technologies Ltd is 6,295 Cr..
What is the current Stock Price of Happiest Minds Technologies Ltd as on 01 February 2026?
The current stock price of Happiest Minds Technologies Ltd as on 01 February 2026 is ₹413.
What is the High / Low of Happiest Minds Technologies Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Happiest Minds Technologies Ltd stocks is ₹774/395.
What is the Stock P/E of Happiest Minds Technologies Ltd?
The Stock P/E of Happiest Minds Technologies Ltd is 30.7.
What is the Book Value of Happiest Minds Technologies Ltd?
The Book Value of Happiest Minds Technologies Ltd is 102.
What is the Dividend Yield of Happiest Minds Technologies Ltd?
The Dividend Yield of Happiest Minds Technologies Ltd is 1.45 %.
What is the ROCE of Happiest Minds Technologies Ltd?
The ROCE of Happiest Minds Technologies Ltd is 13.9 %.
What is the ROE of Happiest Minds Technologies Ltd?
The ROE of Happiest Minds Technologies Ltd is 12.3 %.
What is the Face Value of Happiest Minds Technologies Ltd?
The Face Value of Happiest Minds Technologies Ltd is 2.00.