Happiest Minds Share PriceHappiest Minds

-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

52 Week Range

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

Start SIP in Happiest Minds

Start SIP

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


Current Price
-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

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
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


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
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.