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Happiest Minds Technologies Ltd share Price Today

Company details

815.55
825.70
741.00
1,020.00
6M Return -9.47%
1Y Return -14.07%
Mkt Cap.(Cr) 12,445.44
Volume 794,204
Div Yield 0.69%
OI
-
OI Chg %
-
Volume 794,204
NSE

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IT Consulting & Software company Happiest Minds Technologies announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

• Revenue in constant currency grew by 1.4% QoQ and 9.5% YoY
• Operating Revenues in USD stood at $50.1 million (growth of 1.4% QoQ: 9.1% YoY)
• Total Income of Rs 44,250 lakh (growth of 1.9% QoQ; 14.5% YoY)
• EBITDA of Rs 10,822 lakh, 24.5% of Total Income (growth of 2.9% QoQ; 7.6% YoY)
• PAT of Rs 7,198 lakh (growth of 20.7% QoQ; 24.8% YoY)
• Free cash flows of Rs 10,744 lakh
• EPS (diluted) for the quarter at Rs 4.79

FY24 Financial Highlights:

• Revenue in constant currency grew by 11% YoY
• Operating Revenues in USD stood at $196.1 million (growth of 10.3% YoY)
• Total Income of Rs 171,003 lakh (growth of 17.9% YoY)
• EBITDA of Rs 42,122 lakh, 24.6% of Total Income (growth of 10.9% YoY)
• PAT of Rs 24,839 lakh (growth of 7.5% YoY)
• Free cash flows of Rs 41,069 lakh
• EPS (diluted) for the full year of Rs 16.73

Venkatraman Narayanan, MD & CFO, said “Happy to report a full year revenue growth in constant currency of 11% and EBITDA of 24.6%. I am proud of our performance especially in the face of a challenging year faced by our industry. Acquisition of PureSoftware Technologies and Macmillan Learning should help us in our growth story while delivering value to all our stakeholders”

Joseph Anantharaju, Executive Vice Chairman, said,“We have onboarded ten new customers and have built up a good sales pipeline for FY25. This, along with the cross-selling opportunities afforded by our acquisitions, we are well positioned for a rewarding FY25. Our Customer Happiness Survey this year has yielded excellent and best net promoterscores, validating our compelling customer value proposition and quality execution.”

Result PDF

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Happiest Minds Technologies Ltd shares SWOT Analysis

Strengths (8)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
  • Company with Low Debt

Weakness (3)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years
  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (0)

Data not found

Threats (2)

  • High PE (PE > 40)
  • RSI indicating price weakness
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Resistance and support

R1 823.5
R2 829.7
R3 833.6
Pivot

819.52

S1 813.3
S2 809.4
S3 803.2
EMA SMA
849.2
836.3
835.9
849.1
851.3
827.8
824.5
849.0
Delivery and volume
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CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED Bulk Purchase 2024-06-25 837.57 930393 BSE
PRB SECURITIES PVT. LTD. Bulk Purchase 2024-06-25 843.6 910488 BSE
QE SECURITIES LLP Bulk Purchase 2024-06-25 842.45 844172 NSE
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Name Category Shares
ASHOK SOOTA PROMOTER 38.34%
ASHOK SOOTA MEDICAL RESEARCH LLP PROMOTER 11.79%

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Happiest Minds Technologies Ltd Stocks COMPARISON

Financials( ₹ in Cr) Happiest Minds Technologies Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 817.30 3,904.15 1,566.75 1,459.60 514.85
% Change 0.17 -0.76 -0.42 0.32 0.79
Mcap ₹ Cr 12,445.44 1,412,555.83 650,337.09 396,086.54 269,016.23
Revenue TTM ₹ Cr 1,626.70 240,893.00 153,670.00 101,456.00 89,760.30
Net Profit TTM ₹ Cr 248.39 46,099.00 26,248.00 14,845.00 11,112.10
PE TTM 52.27 30.32 25.00 25.23 24.73
1 Year Return -14.07 21.42 21.14 24.73 34.88
ROCE 21.87 62.85 44.74 27.62 16.38
ROE 21.42 51.04 37.12 23.32 14.60
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,480.24 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,542.69 26,564.54
LAST 3M 107,300.08 -872.81
LAST 6M 187,950.75 839.71
LAST 12M 304,454.24 86,051.23

Happiest Minds Technologies Ltd Information

Stock PE (TTM)
52.27
Promoter Holding
50.24%
Book Value
97.2469
ROCE
21.87%
ROE
21.42%
Description

  • Happiest Minds is a Bangalore-based IT service provider large-cap Company having a market cap of INR 20,487.53 Crores as of 16th August 2021. The company was incorporated in 2011. Happiest Minds came out with an initial public offer which was listed at BSE and NSE on 17th September 2020. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 543227 and scrip code HAPPSTMNDS. As of 16th August 2021, Happiest Minds Limited is trading at INR 1,386.80.

    Happiest Minds Technologies Limited is a next-generation digital, infrastructure, security, and merchandise engineering company. The business of the corporate is split into three categories; Digital Business Service (DBS), Product Engineering Service (PES), and Infrastructure and Management Security Service (IMSS). The major revenue verticals of the company are Edutech (25.6%), Hitech (18.2%), Banking and Financial Services (16.4%), and Travel, Media, and entertainment (13.6%). Happiest Minds have around 150 active customers and have a global presence in different countries. As of 31st March 2021, it has a total 3,228 number of employees, including contractual employees. 24.5% of permanent employees are women employees. During the FY 2020-21, the company has acquired 100% ownership interest in PGS Inc. with effect from 1st January 2021. The company also has a wholly-owned subsidiary, namely Happiest Minds Inc. USA. As of 31st March 2021, promoters within the company held 53.25%, 25% of the total shares were held by the public. The foreign institutional investors/NRIs held 9.30%. Others held the remaining balance of 12.45% (Mutual Find/Banks - 7.38%, Body Corporate - 2.65%, Clearing Members – 0.41% and Trust – 0.01%).

    As of 30th June 2021, the company has a total of 14.69 Crores shares outstanding. For the year ended March 2021, the company has reported a Consolidated Total Income of INR 773.41 Crores, up 10.78 % from INR 698.21 Crores in March 2020. In addition, the company has reported a net profit after tax of INR 162.46 Crores, from INR 71.71 Crores in March 2020 that reflects upward of 126.56%. Happiest Mind Limited’s stock closed at 1395 on 16th August (NSE) and has returned 246% (approx.) in the last six months.

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Registered Address

53/1-4 Hosur Main Road, Madivala (Next to PoliceStatio, Bangaluru, Karnataka, 560068

Tel : 91-80-61960300/61960400
Email : investors:happiestminds.com
Website : http://www.happiestminds.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 543227
NSE Code : HAPPSTMNDS
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE419U01012

FAQ’s on Happiest Minds Technologies Ltd Shares

You can buy Happiest Minds Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Happiest Minds Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 28, 2024 03:59 PM the closing price of Happiest Minds Technologies Ltd was Rs.817.30.

The latest PE ratio of Happiest Minds Technologies Ltd as of Jun 28, 2024 03:59 PM is 52.27

The latest PB ratio of Happiest Minds Technologies Ltd as of Jun 28, 2024 03:59 PM is 0.12

The 52-week high of Happiest Minds Technologies Ltd share price is Rs. 1,020.00 while the 52-week low is Rs. 741.00

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 Jun 28, 2024 03:59 PM, the market cap of Happiest Minds Technologies Ltd stood at Rs. 12,445.44 Cr.

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