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Happiest Minds Technologies

HAPPSTMNDS
Small Cap
(%) 1D
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Happiest Minds Technologies Share price and Fundamental Analysis

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Incorporated on March 30, 2011, Happiest Minds Technologies Limited (formerly known as Happiest Minds Technlogies Private Limited) is engaged in next generation IT solutions & services Company, enabling organizations to capture the business benefits of emerging technologies of Cloud Computing, Social Media, Mobility Solutions, Business Intelligence, Analytics, Unified Communications and Internet of Things. The Company offers high degree of skills, IPs and domain expertise across a set of focused areas that include Digital Transformation & Enterprise Solutions, Product Engineering, Infrastructure Management, Security, Testing and Consulting. The Company focuses on industries in the Retail/CPG, BFSI, Travel & Transportation, Manufacturing and Media space. Happiest Minds provide a Smart, Secure and Connected Experience to its Customers. In the Solution space, focus areas are Security, M2M and Mobility solutions.
Company Incorporation2011
ChairmanJoseph Anantharaju
Head QuartersBengaluru
Previous NameHappiest Minds Technologies Pvt Ltd

Key Metrics

Market Cap (Cr)
8,713.16
PE Ratio
40.81
Industry P/E
51.3
PEG Ratio
-3.81
ROE
15.23%
ROCE
13.41%
ROA
6.75%
Total Debt (Cr)
1,256.4
Debt to Equity
0.82
Dividend Yield
0.99%
EPS
14.02
Book Value & P/B
100.14 x 5.71
Face Value
2
Outstanding Shares(Cr)
15.23
Current Ratio
5.55
EV to Sales
4.46

Stock Returns

1 Week-4.02%
1 Month-3.44%
6 Months-25.65%
1 Year-29.5%
3 Years-42.25%
5 Years+54.16%

CAGR

1 Year CAGR

Revenue Growth

+13.67%

Net Profit Growth

+7.53%

Operating Profit Growth

+16.49%

Dividend Growth

+6.48%

Stock Returns CAGR

-29.5%
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Happiest Minds Technologies Management and History

Company Management

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Company History

Incorporated on March 30, 2011, Happiest Minds Technologies Limited (formerly known as Happiest Minds Technlogies Private Limited) is engaged in next generation IT solutions & services Company, enabling organizations to capture the business benefits of emerging technologies of Cloud Computing, Social Media, Mobility Solutions, Business Intelligence, Analytics, Unified Communications and Internet of Things. The Company offers high degree of skills, IPs and domain expertise across a set of focused areas that include Digital Transformation & Enterprise Solutions, Product Engineering, Infrastructure Management, Security, Testing and Consulting. The Company focuses on industries in the Retail/CPG, BFSI, Travel & Transportation, Manufacturing and Media space. Happiest Minds provide a Smart, Secure and Connected Experience to its Customers. In the Solution space, focus areas are Security, M2M and Mobility solutions.

The Company engineer next-generation products and platforms across software and hardware that power digital evolution and provide end-to-end engineering services for developing high-quality, scalable, and secure products. It has expertise in core technologies like cloud, mobile UI/UX, hardware & embedded, DevOps and emerging technologies like blockchain, AI, edge computing, drones and computer vision across edutech, hi-tech, media and entertainment, healthcare & life sciences, industry, and manufacturing sectors, which provide with a competitive advantage and have enabled to build smart and connected product solutions and services.

As on 31 March 2018, the Company has only one wholly owned subsidiary company viz., Happiest Minds Technologies LLC, USA.

Pursuant to initial public offering, the Company was converted into a Public Limited Company pursuant to a Special Resolution passed in the Extra Ordinary General Meeting of the Shareholders of the Company held on 13 May 2020 and name of the Company changed to its present name Happiest Minds Technologies Limited', and a fresh Certificate of Incorporation was issued by the Registrar of Companies on 20 May 2020. Accordingly, the Company has amended Memorandum of Association and adopted new Articles of Association of the Company effective 13 May, 2020.

As approved by the Board of Directors on 16 March 2020 and on 13 May 2020, the Company in aggregate has converted 433,728 14% Series A Non-Cumulative Compulsorily Convertible Preference Share of Rs. 652/- each to 70,697,664 Equity Shares of Rs.2/- each as per the conversion ratio of 163 Equity Shares for every Preference Share.

Since there has been no operations in the subsidiary company, the Company had on 16 March 2020 initiated steps to voluntarily dissolve and wind-up the company and accordingly the subsidiary company was wound up on 03 June 2020.

During the FY2021, the Company made an Initial Public Offering ('IPO') of 4,22,90,091 equity shares of face value of Rs 2 each of the Company for cash at a price of Rs 166 per equity share, including a premium of Rs 164 per equity share aggregating to Rs 7,02.02 Crore, comprising of a fresh issue of 66,26,506 equity shares aggregating to Rs 110 Crore and an offer for sale of 84,14,223 equity shares by Mr. Ashok Soota, the Promoter and 2,72,49,362 equity shares by CMDB II, the Investor, aggregating to Rs 592.02 Crore.

The issue opened on 07 September 2020 and closed on 09 September 2020. The Company's entire paid-up share capital consisting of 14,68,63,556 equity shares were listed and admitted for dealing on the National Stock Exchange of India Limited and BSE Limited with effect from 17 September 2020.

On 27 January 2021, the Company signed definitive agreements acquiring 100% voting interest in PGS Inc., a US based end-to-end digital e-commerce solutions company, from Moonscape Inc., USA (parent company of PGS Inc.) for total computed consideration of USD 13.31 million (approximately Rs. 9,720 lakhs), comprising cash consideration of USD 8.25 million (approximately Rs. 6,025 lakhs) and fair-valued contingent consideration in the form of warrants of USD 5.06 million (approximately Rs. 3,696 lakhs) over the next three years, to be settled by PGS Inc. to Moonscape Inc.

As of 31 March 2021, the Company had one wholly owned subsidiary company viz., Happiest Minds Inc., USA (formerly PGS Inc.).

During the year 2020-21, Company signed definitive agreements to acquire, with effect from January 1, 2021, 100% ownership interest in PGS Inc which had permission to Do Business As 'DBA' - Pimcore Global Services, a Houston, USA, based digital e-commerce and data management solutions company for a cash consideration of US $8.25 million. Prior to the acquisition, PGS was a Customer of the Company. Revenues of PGS for the fiscal ended December 31, 2020 (pre-acquisition) was circa US$ 10.6 million during which period Company counted PGS as one of its US$ 2M + customer. Post-acquisition, the name of the PGS Inc. got changed to Happiest Minds Inc.

During the year 2021-22, Company made a strategic investment into Tech4TH, a consulting led technology services company that exclusively focuses on the travel and hospitality segment.

As of March 31, 2022, Company had one wholly-owned subsidiary company viz., Happiest Minds Inc., USA (formerly PGS Inc.).

During the year 2022-23, Company acquired Sri Mookambika Infosolutions Private Limited (SMI), a Madurai headquartered, profitable, IT services company for an equity consideration of Rs 111.32 Crores, which became effective from January 01, 2023.

Happiest Minds Technologies Share Price

Happiest Minds Technologies share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Happiest Minds Technologies Market Cap

Market capitalization of Happiest Minds Technologies indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Happiest Minds Technologies is valued compared to its competitors.

Happiest Minds Technologies PE Ratio

Happiest Minds Technologies PE ratio helps investors understand what is the market value of each stock compared to Happiest Minds Technologies 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Happiest Minds Technologies PEG Ratio

The PEG ratio of Happiest Minds Technologies evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Happiest Minds Technologies ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Happiest Minds Technologies generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Happiest Minds Technologies ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Happiest Minds Technologies in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Happiest Minds Technologies Total Debt

Total debt of Happiest Minds Technologies shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Happiest Minds Technologies Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Happiest Minds Technologies compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Happiest Minds Technologies CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Happiest Minds Technologies over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Happiest Minds Technologies Technical Analysis

Technical analysis of Happiest Minds Technologies helps investors get an insight into when they can enter or exit the stock. Key components of Happiest Minds Technologies Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Happiest Minds Technologies shares often struggle to rise above due to selling pressure.

Happiest Minds Technologies Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Happiest Minds Technologies ’s financial health and profitability.

Happiest Minds Technologies Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Happiest Minds Technologies Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Happiest Minds Technologies Financials

The financials of Happiest Minds Technologies provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Happiest Minds Technologies Profit and Loss Statements

The profit and loss statement of Happiest Minds Technologies highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Happiest Minds Technologies .

Happiest Minds Technologies Balance Sheet

The balance sheet presents a snapshot of Happiest Minds Technologies ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Happiest Minds Technologies Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

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