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    3. Happstmnds Share Price

    Happiest Minds Share PriceHappiest Minds

    Mid Cap 17.6k Result
    ₹922.95
    -1.15 (-0.12%)
    As on 22 September, 2023 | 04:14 BSE: 543227 NSE: HAPPSTMNDSISIN: INE419U01012

    Happiest Minds Performance

    Day Range

    • Low 907.25
    • High 928.65
    922.95

    52 Week Range

    • Low 763.25
    • High 1063
    922.95
    • Open Price924.1
    • Previous Close924.1
    • Volume710374

    Start SIP in Happiest Minds

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    Happiest Minds Share Price

    • Over 1 Month 2.64%
    • Over 3 Month -8.17%
    • Over 6 Month 14.48%
    • Over 1 Year -9.49%

    Happiest Minds Key Statistics

    P/E Ratio 60.3
    PEG Ratio 3.9
    Market Cap Cr 14,054
    Price to Book Ratio 16.8
    EPS 14.2
    Dividend 0.6
    Relative Strength Index 49.43
    Money Flow Index 61.85
    MACD Signal 2.08
    Average True Range 24.63

    Happiest Minds Investment Rating

    • Master Rating:

    • Happiest Minds Technologies has an operating revenue of Rs. 1,491.24 Cr. on a trailing 12-month basis. An annual revenue growth of 28% is outstanding, Pre-tax margin of 22% is great, ROE of 27% is exceptional. The company has a reasonable debt to equity of 13%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its key moving averages, around -0% and 4% from 50DMA and 200DMA. It needs to stay above these levels to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 9% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 87 which is a GOOD score indicating consistency in earnings, a RS Rating of 24 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 129 indicates it belongs to a poor industry group of Computer-Tech Services and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Happiest Minds Financials
    IndicatorJun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 357342345338308287
    Operating Expenses Qtr Cr 276262266254232214
    Operating Profit Qtr Cr 818079837673
    Depreciation Qtr Cr 888777
    Interest Qtr Cr 1096522
    Tax Qtr Cr 202116201819
    Net Profit Qtr Cr 575157555362
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 1,3551,071
    Operating Expenses Annual Cr 1,012788
    Operating Profit Annual in Cr 321246
    Depreciation Cr 3024
    Interest Annual Cr 228
    Tax Annual Cr 7564
    Net Profit Annual Cr 216186
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr 172159
    Cash from Investing Activity Annual Cr -343-111
    Cash from Financing Annual Activity Cr 102-72
    Net Cash Flow Annual Cr -69-24
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 826670
    Fixed Assets Annual Cr 20264
    Total Non Current Assets Annual Cr 542179
    Total Current Assets Annual Cr 1,034904
    Total Assets Annual Cr 1,5761,083
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 5847
    ROE Annual % 2628
    ROCE Annual % 3035
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 2627
    IndicatorJun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
    Oper Rev Qtr Cr 391378367356329301
    Operating Expenses Qtr Cr 302286277265245229
    Operating Profit Qtr Cr 899289918472
    Depreciation Qtr Cr 1413101099
    Interest Qtr Cr 1096533
    Tax Qtr Cr 202118211918
    Net Profit Qtr Cr 585858595652
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 1,4501,131
    Operating Expenses Annual Cr 1,070836
    Operating Profit Annual in Cr 359258
    Depreciation Cr 4233
    Interest Annual Cr 2210
    Tax Annual Cr 7965
    Net Profit Annual Cr 231181
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr 207168
    Cash from Investing Activity Annual Cr -351-96
    Cash from Financing Annual Activity Cr 72-91
    Net Cash Flow Annual Cr -72-19
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 839666
    Fixed Assets Annual Cr 29579
    Total Non Current Assets Annual Cr 568198
    Total Current Assets Annual Cr 1,073927
    Total Assets Annual Cr 1,6411,125
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 5947
    ROE Annual % 2827
    ROCE Annual % 3235
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 2727

    Happiest Minds Technicals

    EMA & SMA

    Current Price
    ₹922.95
    -1.15 (-0.12%)
    • Bullish Moving Average
    • ___
    • 7
    • Bearish Moving Average
    • ___
    • 9
    • 20 Day
    • ₹924.98
    • 50 Day
    • ₹923
    • 100 Day
    • ₹914.8
    • 200 Day
    • ₹914.37
    • 20 Day
    • ₹922.9
    • 50 Day
    • ₹925.53
    • 100 Day
    • ₹919.3
    • 200 Day
    • ₹887.16

    Happiest Minds Resistance and Support

    PIVOT
    ₹919.62
    Resistance
    First Resistance ₹931.99
    Second Resistance ₹941.02
    Third Resistance ₹953.39
    RSI 49.43
    MFI 61.85
    MACD Single Line 2.08
    MACD 2.55
    Support
    First Resistance ₹910.59
    Second Resistance ₹898.22
    Third Resistance ₹889.19

    Happiest Minds Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 741,286 19,399,455 26.17
    Week 646,006 25,491,397 39.46
    1 Month 589,330 30,438,902 51.65
    6 Month 427,495 19,061,986 44.59

    Happiest Minds Result Highlights

    Happiest Minds Synopsis

    NSE-Computer-Tech Services

    Happiest Minds Tech is involved in the business activities of Computer programming activities. Company’s Total Operating Revenue is Rs. 1332.55 Cr. and Equity Capital is Rs. 28.66 Cr. for the Year ended 31/03/2023. Happiest Minds Technologies Ltd. is a Public Limited Listed company incorporated on 30/03/2011 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L72900KA2011PLC057931 and registration number is 057931.
    Market Cap 14,054
    Sales 1,382
    Shares in Float 7.16
    No of funds 127
    Yield 0.58
    Book Value 15.98
    U/D Vol ratio 1
    LTDebt / Equity 14
    Alpha -0.05
    Beta 0.71

    Happiest Minds

    Owner NameJun-23Mar-23Dec-22Sep-22
    Promoters 53.24%53.24%53.25%53.25%
    Mutual Funds 0.78%0.78%0.91%1.07%
    Insurance Companies 0.48%0.47%0.41%0.41%
    Foreign Portfolio Investors 4.52%4.15%4.07%3.94%
    Individual Investors 30.53%30.69%30.57%30.44%
    Others 10.45%10.67%10.79%10.89%

    Happiest Minds Management

    Name Designation
    Mr. Ashok Soota Executive Chairman
    Mr. Joseph Anantharaju Exec. Vice Chairman & CEO
    Mr. Venkatraman Narayanan Managing Director & CFO
    Mrs. Anita Ramachandran Independent Director
    Mr. Rajendra Kumar Srivastava Independent Director
    Ms. Shubha Rao Mayya Independent Director

    Happiest Minds Forecast

    Price Estimates

    2,000(9.8%)
    1,758(-3.5%)
    1,590(-12.7%)

    Other Analyst Rating

    Happiest Minds Corporate Action

    Date Purpose Remarks
    2023-08-08 Quarterly Results
    2023-07-14 Others
    2023-05-08 Audited Results & Final Dividend
    2023-03-02 Others Inter alia, to consider and approve the issue of Non-Convertible Debentures in domestic market, in one or more tranches and the issue of Commercial Papers in domestic market. per share(150%)Final Dividend
    2023-01-19 Quarterly Results
    Date Purpose Remarks
    2022-11-03 INTERIM Rs.2.00 per share(100%)Interim Dividend
    2021-11-10 INTERIM Rs.1.75 per share(87.5%)Interim Dividend

    Happiest Minds MF Shareholding

    Name Amount(cr)
    Kotak Small Cap Growth 12286
    HSBC Small Cap Fund Fund Regular Growth 11549
    PGIM India Small Cap Fund Regular Growth 1767
    Motilal Oswal Nifty Midcap 150 Index Fund Regular Growth 1003
    Nippon India ETF Nifty Midcap 150 995
    • Company Name
    • CMP
    • Chg(%)
    • Company Name
    • CMP
    • Chg(%)

    About Happiest Minds

    HAPPIEST MINDS, an abbreviated name for the Happiest Minds Technologies Limited, is an IT company that offers various IT solutions to different sectors and enable them to capture the business benefits of emerging technologies like cloud computing, social media mobility solutions business intelligence analytics.Their services include IT-based technologies, Artificial Intelligence (AI), Internet of Things (IoT), Virtual Reality (VR), Augmented Reality (AR), robotics, drones, digital process, automation, blockchain, etc.

    1. Some of the primary services that this company offers include:
    2. Digital transformation
    3. IOT
    4. Product engineering services
    5. Agile infra and security services
    6. Digital process automation
    7. Analytics

    Since its inception in 2011, HAPPSTMNDS has successfully collaborated with many national and international firms, expanding its horizon globally with over 170+ happy customers.

    Formerly named the Happiest Minds Technologies Private Limited, Happiest Minds Technologies Limited or HAPPSTMNDS came into existence in 2011. Ashok Soota is credited with the foundation of this next-generation IT solutions and services company. Other founders of the company were Aurobinda Nanda, Dattatreya Salagame, Puneet Jetli, Raja Shanmugam, Salil Godika, Joseph Anantraju, and Raja Sekher.

    These great minds started this company with a thought process of enabling enterprises with various IT-based technologies. Initially, the company received funding of USD 52.5 million in Series-A round. The primary investors in HAPPIEST MINDS are JP Morgan Assets Management, Intel Capital, and Ashok Soota. The IT conglomerate is presently headquartered in Bangalore, India. Its services and operations are also available overseas in other countries, such as the United States, Canada, the United Kingdom, Australia, the Middle East, and Singapore.

    Primary industries that HAPPIEST MINDS catered to are:
    1. Automotive
    2. BFSI
    3. Consumer packaged goods
    4. E-commerce, edutech
    5. Engineering R&D, hi-tech manufacturing
    6. Retail and travel/transportation/hospitality

    Major timelines 

    Since its inception it has done various acquisitions. Some of the significant events in the timeline of the company are listed below:
        
    2011 - Inception of the company with the headquarter in Bangalore, India     
         
    2012 - Expansion of the company overseas. First overseas office in Reading, UK, in March 2012     
         
    2013 - Accreditation from the Security Management System (ISMS), Partnerships with KidoZen (a Florida-based mobile platform company) and DataWind (an Indian company that provides wireless web access services)     
         
    2014 - Collaboration with NY-based MongoDB (a database firm), XchangeLabs (Texas-based pharmacy     automation provider company), and Mastercard'sMatercard's

    2015 -  Accreditation from Quality Management System (QMS), Partnership with Openbravo- Spain-based open-source software firm.     
         
    2016 - Collaboration in the Industrial Internet Consortium (IIC).     
         
    2017 - Acquisition of Cupola Technology, which is an IoT-based startup. Similarly, HAPPSTMNDS     also acquired another US-based digital transformation provider company OSSCube.     
         
    2018 - First wholly owned subsidiary company in the United States on March 31, 2018

    2020 - Launch of an IPO
     

    Awards and Accolades

    Due to its relentless services in IT solutions, it has consistently received various accolades. Some of the prominent achievements of this company are:

    2015 - It’s IOT platform MIDAS was awarded Gold at Express IT awards.
    2016 - Great Lakes Data science excellence
    2017 - Awarded Digital Transformation Services provider by Frost and Sullivan
    2018 - Red Herring top 100 Global Award
    2019 - Red Herring Top 100 Asia Award, Great Place to Work's award, Top India's Best places to work for women, Top 20 most promising robotic process automation companies as per CIO review India, cited in the IOAP best of the outsourcing list.

    Stock Exchange Listing and Market Cap of HAPPSTMNDS

    Larsen & Turbo Emerging Business Fund Direct growth – 0.78%
    IDBI India Top 100 Equity fund Growth – 0.54%
    Kotak Small Cap Fund Direct-Growth- 0.28%
    SBI Magnum Midcap Direct plan growth- 0.22%

    Happiest Minds FAQs

    What is Share Price of Happiest Minds Technologies ?

    Happiest Minds Technologies share price is ₹922 As on 22 September, 2023 | 04:00

    What is the Market Cap of Happiest Minds Technologies ?

    The Market Cap of Happiest Minds Technologies is ₹14054.2 Cr As on 22 September, 2023 | 04:00

    What is the P/E ratio of Happiest Minds Technologies ?

    The P/E ratio of Happiest Minds Technologies is 60.3 As on 22 September, 2023 | 04:00

    What is the PB ratio of Happiest Minds Technologies ?

    The PB ratio of Happiest Minds Technologies is 16.8 As on 22 September, 2023 | 04:00

    Is it profitable to invest in HAPPSTMNDS?

    Yes, HAPPIEST MINDS is a highly profitable company. It has a presence across the globe. Thus, investing in HAPPIEST MINDS is highly recommended by our experts. 

    How to Buy HAPPSTMNDS Share?

    You can easily buy HAPPSTMNDS shares on various share companies online. You can buy it through 5paisa in an effortless procedure. People interested in buying HAPPSTMNDS shares have to create a Demat account and verify that account online using any KYC listed documents. 

    What is the debt-to-equity ratio of HAPPSTMNDS for FY '21?

    The debt-to-equity ratio of HAPPSTMNDS for March 2021 is 0.27

    What is the Future for HAPPSTMNDS shares?

    The future of the HAPPSTMNDS shares is highly promising. Since its inception, HAPPSTMNDS has seen an upward trend in its growth, thereby indicating that the company is consistently performing well in the market. So, our experts highly recommend buying HAPPSTMNDS shares. 
     

    Q2FY23

    More Information

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