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Daily Range
Daily RangeToday's Low
₹ 718.00
Today's High
₹ 726.15
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52 Weeks Range
52 Weeks Low
₹ 763.25
52 Weeks High
₹ 1,136.00
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Momentum of the Stock
Momentum of the Stock Strong Bearish![]()
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Circuit Limit
Lower
₹ 577.10
Upper
₹ 865.60
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Financials Strength Score
Financials Strength Score Piotroski Score
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Company Profile
Happiest Minds Technologies Limited offers IT solutions and services in India, the United States, Canada, the United Kingdom, Australia, the Netherlands, Singapore, Malaysia, and the Middle East. It operates through three segments: Infrastructure Management & Security Services (IMSS); Digital Business Solutions (DBS); and Product Engineering Services (PES). The IMSS segment provides security services, including cyber and infrastructure security, governance, risk and compliance, data privacy and security, identity and access management, and threat and vulnerability management; infrastructure services comprises of DC and hybrid cloud services, workspace services, service automation, database and middleware services, and software defined infrastructure services; and advisory, transformation, managed and hosted services, and secure intelligence solutions. The DBS segment offers enterprise applications and customized solutions, comprising of advisory, design and architecture, custom-app development, package implementation, and testing and on-going support services to IT initiatives. The PES segment assists software product companies in building products and services that integrates mobile, cloud, and social technologies. The company also provides Internet of Things (IoT) solutions, consisting of digital strategy creation consultation, end-to-end system integration on IoT platforms, IoT security and managed services, implementation of IoT roadmap, and derivation of insights. In addition, it offers analytics/artificial intelligence solutions, including implementation of advanced analytics using artificial intelligence, machine learning and statistical models, and engineering big data platforms; and digital process automation solutions, such as robotic process automation, intelligent business process management, and cognitive automation using AI and machine learning based models. The company was incorporated in 2011 and is headquartered in Bengaluru, India.
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Companies under the same Group
Companies under the same Group
No Data Found
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Key Metrics
Key MetricsStandalone
Consolidated
No of shares Outstanding
15.2 Cr.
EPS-TTM
₹15.25
Face Value
₹2.00
Book Value
₹100.14
Net Asset Value
₹99.00
ROE
21.46%
ROA
12.87%
ROCE
23.35%
Dividend Yield
0.80%
Total Debt
₹ 0.0 Cr.
Sales Growth
13.67%
PAT Growth
7.53%
Financials
| Particulars | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Total Current Assets | 1,073.0 | 927.4 | 744.5 | 445.1 | 279.3 | 280.6 |
| Total Non-Current Assets | 555.4 | 190.7 | 167.2 | 63.0 | 107.0 | 74.0 |
| Total Assets | 1,628.4 | 1,118.0 | 911.7 | 508.2 | 386.3 | 354.7 |
| Total Current Liabilities | 576.4 | 364.6 | 278.8 | 211.7 | 155.3 | 137.2 |
| Total Non-Current Liabilities | 213.2 | 87.6 | 86.9 | 31.2 | 24.2 | 32.1 |
| Shareholder's Funds | 838.8 | 665.8 | 546.0 | 265.3 | 206.8 | 185.4 |
| Total Liabilities | 1,628.4 | 1,118.0 | 911.7 | 508.2 | 386.3 | 354.7 |
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Financial Statement Analysis
Quick Ratio
The Industry Quick Ratio stands at 2.65, vs the Quick Ratio of 2.10, which results in a Negative aspect.
Price to BV
The Industry Price to BV stands at 10.62, vs the Price to BV of 7.90, which results in a Negative aspect.
Current Ratio
The Industry Current Ratio stands at 2.66, vs the Current Ratio of 2.10, which results in a Negative aspect.
Debt to Equity Ratio
The Industry Debt to Equity Ratio stands at 0.04, vs the Debt to Equity Ratio of 0.37, which results in a Negative aspect.
| Particulars | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Total Income | 1,429.3 | 1,093.7 | 773.4 | 698.2 | 595.6 | 467.6 |
| Total Expenditure | 1,084.8 | 836.0 | 582.4 | 601.1 | 551.3 | 491.2 |
| Operating Profit(Excl OI) | 380.0 | 294.8 | 215.3 | 113.1 | 48.5 | -6.8 |
| Other Income | 35.4 | 37.1 | 24.2 | 16.0 | 4.2 | 16.7 |
| Operating Profit | 380.0 | 294.8 | 215.3 | 113.1 | 48.5 | -6.8 |
| Less: Interest | 21.9 | 10.0 | 6.5 | 8.0 | 6.9 | 6.1 |
| PBDT | 358.1 | 284.8 | 208.8 | 105.1 | 41.6 | -12.9 |
| Less: Depreciation Amortization | 41.9 | 32.9 | 22.7 | 20.2 | 5.8 | 6.9 |
| PBT & Exceptional Items | 316.2 | 251.9 | 186.0 | 84.9 | 35.7 | -19.8 |
| Less: Exceptional Income Expenses | -6.3 | -6.1 | 0.0 | -11.3 | -17.5 | 0.0 |
| Profit Before Tax | 309.9 | 245.9 | 186.0 | 73.6 | 18.3 | -19.8 |
| Less: Taxation | 78.9 | 64.7 | 23.6 | 1.9 | 0.0 | 0.0 |
| Profit After Tax | 231.0 | 181.2 | 162.5 | 71.7 | 18.3 | -19.8 |
| Earnings Per Share | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | -0.1 |
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Financial Statement Analysis
PAT Growth
The Industry PAT Growth stands at 15.17, vs the PAT Growth of 292.50, which results in a Positive aspect.
PAT Margin
The Industry PAT Margin stands at 17.10, vs the PAT Margin of 10.27, which results in a Negative aspect.
PE Ratio
The Industry PE Ratio stands at 35.67, vs the PE Ratio of 50.16, which results in a Positive aspect.
Dividend Yield
The Industry Dividend Yield stands at 1.78, vs the Dividend Yield of 0.72, which results in a Negative aspect.
| Particulars | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|
| Profit Before Tax | 334.7 | 309.9 | 245.9 | 186.0 | 73.6 | 18.3 | -19.8 |
| Tax Paid | -102.4 | -88.8 | -53.5 | -36.0 | -6.1 | -3.4 | 0.2 |
| Adjustment | 10.9 | 48.7 | 30.7 | 22.3 | 37.6 | 39.2 | 8.2 |
| Changes In Working Capital | 334.7 | 309.9 | 245.9 | 186.0 | 73.6 | 18.3 | -19.8 |
| Cash Flow after changes in Working Capital | 315.0 | 296.0 | 221.6 | 179.2 | 118.3 | 39.8 | 2.7 |
| Cash Flow from Operating Activities | 212.6 | 207.2 | 168.1 | 143.2 | 112.2 | 36.4 | 2.9 |
| Cash Flow from Investing Activities | -466.4 | -351.0 | -96.1 | -283.6 | -73.7 | -3.3 | -27.4 |
| Cash Flow from Financing Activities | 363.5 | 72.1 | -90.8 | 169.8 | -13.3 | -25.0 | 32.6 |
| Net Cash Inflow / Outflow | 109.6 | -71.8 | -18.7 | 29.4 | 25.1 | 8.2 | 8.1 |
| Opening Cash & Cash Equivalents | -1.2 | 67.3 | 85.8 | 43.5 | 16.3 | 16.2 | 8.4 |
| Closing Cash & Cash Equivalent | 109.0 | -1.2 | 67.3 | 85.8 | 43.5 | 25.6 | 16.2 |
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Financial Statement Analysis
PFCF Ratio
The Industry PFCF Ratio stands at 30.51, vs the PFCF Ratio of 0.00, which results in a Negative aspect.
PCF RATIO
The Industry PCF RATIO stands at 24.57, vs the PCF RATIO of 0.00, which results in a Negative aspect.
| Particulars | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 4,098.8 | 4,066.2 | 3,908.7 | 3,779.8 | 3,668.8 | 3,555.1 | 3,289.2 | 3,005.7 | 2,839.4 | 2,645.3 | 2,446.1 | 2,207.1 | 1,928.4 | 1,828.4 |
| Total Income | 4,341.7 | 4,288.3 | 4,045.3 | 3,864.3 | 3,746.8 | 3,593.3 | 3,327.4 | 3,104.8 | 2,922.8 | 2,741.2 | 2,538.7 | 2,237.4 | 2,012.9 | 1,879.1 |
| Total Expenditure | 3,289.8 | 3,240.1 | 3,015.4 | 2,858.1 | 2,774.2 | 2,649.9 | 2,449.9 | 2,289.0 | 2,159.7 | 2,040.0 | 1,877.2 | 1,649.1 | 1,416.0 | 1,385.2 |
| PBIDT (Excl OI) | 809.0 | 826.1 | 893.3 | 921.7 | 894.6 | 905.2 | 839.3 | 716.7 | 679.7 | 605.3 | 568.9 | 558.0 | 512.4 | 443.2 |
| Other Income | 242.9 | 222.1 | 136.6 | 84.5 | 78.0 | 38.2 | 38.2 | 99.1 | 83.4 | 95.9 | 92.6 | 30.3 | 84.5 | 50.7 |
| Operating Profit | 1,051.9 | 1,048.2 | 1,029.9 | 1,006.2 | 972.6 | 943.4 | 877.5 | 815.8 | 763.1 | 701.2 | 661.5 | 588.3 | 596.9 | 493.9 |
| Interest | 107.2 | 111.5 | 100.7 | 87.5 | 57.6 | 45.2 | 28.3 | 28.6 | 24.1 | 24.3 | 16.4 | 22.5 | 12.6 | 16.0 |
| Exceptional Items | 10.7 | 0.0 | 0.0 | 0.0 | -63.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -60.9 | 0.0 | 0.0 | 0.0 |
| PBDT | 955.4 | 936.7 | 929.2 | 918.7 | 851.6 | 898.2 | 849.2 | 787.2 | 739.0 | 676.9 | 584.2 | 565.8 | 584.3 | 477.9 |
| Depreciation | 148.1 | 145.5 | 142.4 | 129.4 | 99.2 | 97.1 | 93.4 | 88.4 | 84.7 | 83.4 | 72.3 | 73.4 | 51.6 | 51.2 |
| Profit Before Tax | 807.3 | 791.2 | 786.8 | 789.3 | 752.4 | 801.1 | 755.8 | 698.8 | 654.3 | 593.5 | 511.9 | 492.4 | 532.7 | 426.7 |
| Tax | 211.1 | 206.6 | 203.5 | 212.7 | 176.6 | 207.0 | 192.4 | 177.7 | 165.1 | 149.1 | 154.6 | 131.9 | 111.2 | 85.9 |
| Provisions and contingencies | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profit After Tax | 596.2 | 584.6 | 583.3 | 576.6 | 575.8 | 594.1 | 563.4 | 521.1 | 489.2 | 444.4 | 357.3 | 360.5 | 421.5 | 340.8 |
| Net Profit | 596.2 | 584.6 | 583.3 | 576.6 | 575.8 | 594.1 | 563.4 | 521.1 | 489.2 | 444.4 | 357.3 | 360.5 | 421.5 | 340.8 |
| ADDITIONAL INFOS: | ||||||||||||||
| Equity Capital | 298.1 | 298.0 | 287.2 | 286.6 | 293.7 | 286.1 | 293.7 | 285.4 | 293.7 | 284.6 | 293.7 | 283.7 | 283.1 | 282.4 |
| Reserves | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 4,355.6 |
| EPS | 4.0 | 3.9 | 4.0 | 4.0 | 4.0 | 4.2 | 4.0 | 3.7 | 3.4 | 3.1 | 2.5 | 2.6 | 3.0 | 2.5 |
| Operating Profit Margin | 25.7 | 25.8 | 26.3 | 26.6 | 26.5 | 26.5 | 26.7 | 27.1 | 26.9 | 26.5 | 27.0 | 26.7 | 31.0 | 27.0 |
| Net Profit Margin | 14.5 | 14.4 | 14.9 | 15.3 | 15.7 | 16.7 | 17.1 | 17.3 | 17.2 | 16.8 | 14.6 | 16.3 | 21.9 | 18.6 |
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Financial Statement Analysis
Net Sales Growth
The Industry Net Sales Growth stands at 15.63, vs the Net Sales Growth of 17.23, which results in a Positive aspect.
Mcap Growth
The Industry Mcap Growth stands at 1041150.25, vs the Mcap Growth of 0.00, which results in a Negative aspect.
Technicals
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Pivot Levels
Pivot Levels Check Advanced Levels ![]()
| Type | Classic | Woodie | Camarilla |
|---|---|---|---|
| R4 | 737.65 | 746.16 | 725.83 |
| R3 | 733.82 | 733.58 | 723.59 |
| R2 | 729.98 | 729.86 | 722.84 |
| R1 | 725.67 | 725.43 | 722.10 |
| Pivot | 721.83 | 721.71 | 721.83 |
| S1 | 717.52 | 717.28 | 720.60 |
| S2 | 713.68 | 713.56 | 719.86 |
| S3 | 709.37 | 709.13 | 719.11 |
| S4 | 705.05 | 697.26 | 716.87 |
(All Values are in INR)
The Pivot level gives the user an indication about key support & resistance levels for a selected stock.
EMA & SMA Levels 
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Beta
Beta 1 Day
0.59
1 Week
0.60
1 Month
0.60
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Indicators
Stoch RSI
0.00
Bullish
RSI
42.94
Neutral
ROC
-5.53
Bearish
UltimateOscillator
30.78
Neutral
Williams Indicator
-95.65
Bullish
CCI Indicator
-136.63
Bullish
MACD
-2,341.94
Bearish
Stochastic Indicator
3.85
Bullish
ATR
25.08
High Volatility
Corporate Actions
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Corporate Actions - Board Meet
Corporate Actions - Board Meet | Ex-Date | Ratio | Record Date |
|---|
| Ex-Date | Ratio | Record Date |
|---|---|---|
| Announcement Date | Dividend Amount | Dividend Percentage of FV | Dividend Type |
|---|---|---|---|
| 27-11-2024 | 2.50 | 125 | Interim |
| 30-10-2023 | 2.50 | 125 | Interim |
| 07-07-2023 | 3.40 | 170 | Final |
| 02-11-2022 | 2.00 | 100 | Interim |
| 23-06-2022 | 2.00 | 100 | Final |
| 09-11-2021 | 1.75 | 87.5 | Interim |
| 29-06-2021 | 3.00 | 150 | Final |
| Date Of Conduct | Board Meeting Details |
|---|---|
| 13-11-2024 | Quarterly Results |
| 17-01-2024 | Quarterly Results |
| 17-10-2023 | Quarterly Results & Interim Dividend |
| 08-08-2023 | Quarterly Results |
| 14-07-2023 | Inter alia, to consider and approve the Issue price, including a discount if any thereto, as permitted under the SEBI ICDR Regulations and pursuant to the approval of the shareholders of our Company accorded through their special resolution passed by way of a postal ballot on November 10, 2022, for the Equity Shares to be allotted to qualified institutional buyers, pursuant to the Issue. |
| 08-05-2023 | Final Dividend & Audited Results |
| 02-03-2023 | Inter alia, to consider and approve the issue of Non-Convertible Debentures in domestic market, in one or more tranches, as may be decided by the Directors, and the issue of Commercial Papers in domestic market, in one or more tranches, as may be decided by the Directors. |
| 19-01-2023 | Quarterly Results |
| 20-10-2022 | Interim Dividend & Quarterly Results |
| 05-10-2022 | Inter alia, to consider and approve the matter related to raising funds by way of issuance of any instrument or securities, including equity shares, fully / partly convertible debentures, global depository receipts, American depository receipts, foreign currency convertible bonds, warrants, or any combination thereof, in one or more tranches, for an aggregate amount not exceeding ? 14,00,00,00,000 (Rupees One Thousand Four Hundred Crores only) by way of a public issue, preferential allotment, private placement (including one or more qualified institutional placements), or through any other permissible mode. |
| 21-07-2022 | Quarterly Results |
| 05-05-2022 | Final Dividend & Audited Results |
| 28-01-2022 | Quarterly Results |
| 27-10-2021 | Quarterly Results & Interim Dividend |
| 28-07-2021 | Quarterly Results |
| 12-05-2021 | Audited Results & Final Dividend |