HAPPSTMNDS

HAPPIEST MINDS TECHNOLOGIES

Mid Cap BSE: 543227 NSE: HAPPSTMNDS
₹948.4
11 (1.17%)
  • Advice
  • Hold
As on 28 November, 2022 | 01:08

Happiest Minds Technologies Share Price

Happiest Minds Technologies Performance

Day Range

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52 Week Range

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Happiest Minds Technologies Share Returns

  • Over 1 Month -3.95%
  • Over 3 Month -9.66%
  • Over 6 Month 7.83%
  • Over 1 Year -25.69%

Happiest Minds Technologies Key Statistics

P/E Ratio 62.6
PEG Ratio 1.7
Market Cap Cr 13,929
Price to Book Ratio 20.4
EPS 12.7
Dividend 0.4
Relative Strength Index 38.16
Money Flow Index 47.68
MACD Signal -7.43
Average True Range 26.27

Happiest Minds Technologies Investment Rating

  • Master Rating:
  • Happiest Minds Technologies has an operating revenue of Rs. 1,268.94 Cr. on a trailing 12-month basis. An annual revenue growth of 42% is outstanding, Pre-tax margin of 22% is great, ROE of 27% is exceptional. The company has a reasonable debt to equity of 3%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 95 which is a GREAT score indicating consistency in earnings, a RS Rating of 27 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 97 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 Technologies Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 338308287266250230208
Operating Expenses Qtr Cr 254232214206192177153
Operating Profit Qtr Cr 83767360595455
Depreciation Qtr Cr 7776655
Interest Qtr Cr 5222222
Tax Qtr Cr 20181915151514
Net Profit Qtr Cr 55536245443537

Happiest Minds Technologies Technicals

EMA & SMA

Current Price
948.4
11 (1.17%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 971.6
  • 50 Day
  • 982.2
  • 100 Day
  • 985.91
  • 200 Day
  • 984.65
  • 20 Day
  • 972.66
  • 50 Day
  • 989.98
  • 100 Day
  • 976.75
  • 200 Day
  • 983.96

Happiest Minds Technologies Resistance and Support

PIVOT
₹942.4
Resistance
First Resistance 964.8
Second Resistance 992.2
Third Resistance 1014.6
RSI 38.16
MFI 47.68
MACD Single Line -7.43
MACD -10.47
Support
First Resistance 915
Second Resistance 892.6
Third Resistance 865.2

Happiest Minds Technologies Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 197,000 7,332,340 37.22
Week 258,734 10,124,277 39.13
1 Month 267,369 10,037,043 37.54
6 Month 512,134 15,768,617 30.79

Happiest Minds Technologies Result Highlights

Happiest Minds Technologies 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. 1033.54 Cr. and Equity Capital is Rs. 28.54 Cr. for the Year ended 31/03/2022. 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 13,929
Sales 1,198
Shares in Float 6.90
No of funds 119
Yield 0.42
Book Value 20.21
U/D Vol ratio 0.8
LTDebt / Equity 3
Alpha -0.11
Beta 1.05

Happiest Minds Technologies

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 53.25%53.25%53.26%
Mutual Funds 1.07%1.01%1.03%
Insurance Companies 0.41%
Foreign Portfolio Investors 3.94%4%6.29%
Financial Institutions/ Banks 0.03%
Individual Investors 30.44%31.53%30.55%
Others 10.89%10.21%8.84%

Happiest Minds Technologies 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 Technologies Forecast

Price Estimates

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

Other Analyst Rating

Happiest Minds Technologies Corporate Action

Date Purpose Remarks
2022-10-20 Quarterly Results & Interim Dividend
2022-10-05 Others
2022-07-21 Quarterly Results
2022-05-05 Audited Results & Final Dividend
2022-01-28 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 Technologies MF Shareholding

Name Amount(cr)
Kotak Small Cap Growth 8614
L&T Emerging Businesses Fund Regular Growth 8496
SBI Magnum Midcap Fund Regular Growth 8326
Union Small Cap Fund Regular Growth 1404
Edelweiss Recently Listed IPO Fund Regular Plan Growth 1005

About Company

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.

Company History

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

The shares of the HAPPSTMNDS are, at present, listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). As of March 31, 2022, the market summary of the HAPPSTMNDS is INR 1060.

As of April 6, 2022, the market cap of HAPPIEST MINDS is INR 16,054 cr. As of December 2021, the net worth of the HAPPSTMNDS is estimated to be INR 284 crore. The top mutual funds invested in this company include

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 Technologies FAQs

What is Share Price of Happiest Minds Technologies ?

Happiest Minds Technologies share price is ₹948 As on 28 November, 2022 | 00:54

What is the Market Cap of Happiest Minds Technologies ?

The Market Cap of Happiest Minds Technologies is ₹13928.5 Cr As on 28 November, 2022 | 00:54

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

The P/E ratio of Happiest Minds Technologies is 62.6 As on 28 November, 2022 | 00:54

What is the PB ratio of Happiest Minds Technologies ?

The PB ratio of Happiest Minds Technologies is 20.4 As on 28 November, 2022 | 00:54

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