Happiest Minds

HAPPSTMNDS30 Apr 2024

IT - Software

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+0.65 (+0.08%)

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To Invest in Happiest Minds

Happiest Minds

IT - Software

HAPPSTMNDS30 Apr 2024

₹

+0.65 (+0.08%)

OverviewFundamentals

Corporate action

Peer comparison

Income Sheet

Balance sheet

Cash flow

Share holding

About Us

Corporate Action

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

All

Dividends

Bonus

Splits

Others

Ex-Date	Type	Description	Record Date
17-Oct-2023	D	Declared an interim dividend of Rs.2.50/- per equity share of face value Rs.2/- for the financial year 2023- 24. Record date for the purpose of interim dividend has been fixed on October 30, 2023, and the dividend will be paid on and after November 13, 2023, to the equity shareholders of the Company whose names appear in the Register of Members of the Company or in the records of Depositories as beneficial owners of shares as on the aforesaid record date.	30-Oct-2023
08-May-2023	D	We wish to inform that the Board of Directors of the Company at its meeting held today i.e., May 08, 2023, transacted the following businesses: 1. Financial results: 2. Dividend: Recommended a final dividend of Rs.3.40/- per equity share of Rs.2/- each for the financial year ended March 31, 2023,. 3. Annual General Meeting: The AGM has been scheduled on Monday, July 17, 2023, through Video Conference / Other Audio-Visual . The record date for payment of the final dividend would be Friday, July 7, 2023, and the dividend approved by the members will be paid on and after July 24, 2023.	07-Jul-2023
20-Oct-2022	D	We wish to inform that the Board of Directors of the Company at its meeting held today i.e., October 20, 2022, approved the unaudited financial statements of the Company (both standalone and consolidated) prepared in accordance with Indian Accounting Standards (IndAS) for the quarter and half year that ended on September 30, 2022 and also declared an interim dividend of Rs.2/- per equity share of face value Rs.2/- for the financial year 2022-23.	02-Nov-2022
05-May-2022	D	We wish to inform that the Board of Directors of the Company at its meeting held today i.e., May 05, 2022, has approved the audited financial statements of the Company (both standalone and consolidated) prepared in accordance with Indian Accounting Standards (IndAS) for the quarter and financial year ended as on March 31 , 2022 and recommended a final dividend of Rs.2/- per equity share of Rs.2/- each for the financial year ended March 31, 2022, subject to the approval of the members at the ensuing 11th Annual General Meeting of the Company (AGM).The AGM has been scheduled on Thursday, June 30, 2022. The record date for payment of the final dividend would be June 24, 2022, and the dividend approved by the members will be paid on and after July 05, 2022.A copy of the said Financial Results, Investor presentation and Press release are enclosed herewith. In continuation to our letter dated May 05, 2022 and pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, please be informed that the Record date for payment of Final dividend has been fixed on June 24, 2022 (As Per BSE Announcement dated on 05.05.2022)	23-Jun-2022
27-Oct-2021	D	We wish to inform that the Board of Directors of the Company at its meeting held today i.e., October 27, 2021, approved the unaudited financial statements of the Company (both standalone and consolidated) prepared in accordance with Indian Accounting Standards (IndAS) for the quarter and half year that ended on September 30, 2021 and also declared an interim dividend of Rs.1.75/- per equity share of face value Rs.2/- for the financial year 2021-22. Record date for the purpose of interim dividend has been fixed on November 10, 2021 and the dividend will be paid on and after November 18, 2021 to the equity shareholders of the Company whose names appear in the Register of Members of the Company or in the records of Depositories as beneficial owners of shares as on the Record date fixed for the purpose.	09-Nov-2021
12-May-2021	D	Happiest Minds Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 12, 2021, inter alia, has recommended a final dividend of Rs. 3/- per equity share of Rs. 2/- each for the financial year ended March 31, 2021, subject to the approval of the members at the ensuing 10th Annual General Meeting of the Company (AGM).	29-Jun-2021
18-Mar-2024	BC	Non Conv Deb Payment of Interest	12-Jun-2024
18-Mar-2024	BC	Non Conv Deb Payment of Interest	11-Jun-2024
25-Apr-2024	BC	Happiest Minds Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/05/2024 ,inter alia, to consider and approve the audited financial stateme	06-May-2024
18-Mar-2024	BC	Non Conv Deb Payment of Interest	23-Apr-2024
17-Jan-2024	BC	Re-apponitment of Mr. Ashok Soota (DIN:00145962) as the whole time Director of the Company designated as Executive Chairman for a term of five (5) years with effect from April 01 2024 to March 31 202	01-Apr-2024

Announcement Date17-Oct-2023

Ex Dividend Date30-Oct-2023

Dividend(%)125

Announcement Date08-May-2023

Ex Dividend Date07-Jul-2023

Dividend(%)170

Announcement Date20-Oct-2022

Ex Dividend Date02-Nov-2022

Dividend(%)100

Announcement Date05-May-2022

Ex Dividend Date23-Jun-2022

Dividend(%)100

Announcement Date27-Oct-2021

Ex Dividend Date09-Nov-2021

Dividend(%)88

Announcement Date12-May-2021

Ex Dividend Date29-Jun-2021

Dividend(%)150

No Rights has been declared by HAPPSTMNDS

Book Closure

Record Date	Split Date	Purpose
12-Jun-2024	-	Non Conv Deb Payment of Interest
11-Jun-2024	-	Non Conv Deb Payment of Interest
06-May-2024	-	Happiest Minds Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/05/2024 ,inter alia, to consider and approve the audited financial stateme
23-Apr-2024	-	Non Conv Deb Payment of Interest
01-Apr-2024	-	Re-apponitment of Mr. Ashok Soota (DIN:00145962) as the whole time Director of the Company designated as Executive Chairman for a term of five (5) years with effect from April 01 2024 to March 31 202

Peer Comparison

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Scrip Name	Price	Daily Change	M.Cap (Cr)	1 Year Returns %	P/E (TTM)	PB Ratio
Happiest Minds Technologies Ltd ₹814.15(+0.65/0.08%)	814.15	+0.65	12,397.45	-1.83	51.17	9.00
Mipco Seamless Rings (Gujarat) Ltd ₹45.45(+0.89/2.00%)	45.45	+0.89	16.29	562.54	0.00	-5.17
Zensar Technologies Ltd ₹613.75(+1.70/0.28%)	613.75	+1.70	13,911.01	116.45	29.16	5.19
Informed Technologies India Ltd ₹102.06(-4.89/-4.57%)	102.06	-4.89	42.56	112.63	28.19	2.57
International Data Management Ltd ₹31.36(+0.61/1.98%)	31.36	+0.61	6.90	65.58	0.00	-1.72
Wipro Ltd ₹462.30(-0.65/-0.14%)	462.30	-0.65	241,571.33	19.04	26.49	4.18

Income Sheet

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Standalone

Consolidated

Column	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22
Gross Sales	370.58	370.01	357.05	342.33	344.76	337.65
Excise Duty	0.00	0.00	0.00	0.00	0.00	0.00
Net Sales	370.58	370.01	357.05	342.33	344.76	337.65
Other Operating Income	0.00	0.00	0.00	0.00	0.00	0.00
Other Income	50.66	22.27	13.93	8.71	8.18	4.11
Total Income	421.24	392.28	370.98	351.04	352.94	341.76
Total Expenditure	302.36	298.24	275.74	261.90	266.16	254.27
PBIDT	118.88	94.04	95.24	89.14	86.78	87.49
Interest	10.64	11.19	10.11	8.61	6.01	4.51
PBDT	108.24	82.85	85.13	80.53	80.77	82.98
Depreciation	8.94	8.68	7.55	7.95	7.52	7.39
Tax	19.67	19.81	20.96	21.21	21.13	15.38
Deferred Tax	-0.20	-0.17	-0.82	0.11	-5.15	4.90
Reported Profit After Tax	79.83	54.53	57.44	51.26	57.27	55.31
Extra-ordinary Items	0.86	0.00	0.00	0.00	0.00	0.00
Adjusted Profit After Extra-ordinary item	78.97	54.53	57.44	51.26	57.27	55.31

EPS (Unit Curr.)	5.32	3.66	3.98	3.56	4.00	3.86
EPS (Adj) (Unit Curr.)	5.32	3.66	3.98	3.56	4.00	3.86
Calculated EPS (Unit Curr.)	5.36	3.66	4.00	3.58	4.00	3.87
Calculated EPS (Adj) (Unit Curr.)	5.36	3.66	4.00	3.58	4.00	3.87
Calculated EPS (Ann.) (Unit Curr.)	21.42	14.64	16.00	14.31	16.00	15.47
Calculated EPS (Adj) (Ann.) (Unit Curr.)	21.42	14.64	16.00	14.31	16.00	15.47
Book Value (Unit Curr.)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend (%)	0.00	125.00	0.00	0.00	0.00	100.00
Equity	29.81	29.80	28.72	28.66	28.63	28.61
Reserve & Surplus	0.00	0.00	0.00	0.00	0.00	0.00
Face Value	2.00	2.00	2.00	2.00	2.00	2.00

Public Shareholding (No. Of Shares)	0.00	0.00	0.00	0.00	0.00	0.00
Public Shareholding (% in Equity)	0.00	0.00	0.00	0.00	0.00	0.00

Pledged/Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

Non Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

PBIDTM(%)	32.08	25.42	26.67	26.04	25.17	25.91
PBDTM(%)	29.21	22.39	23.84	23.52	23.43	24.58
PATM(%)	21.54	14.74	16.09	14.97	16.61	16.38

Column	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22
Gross Sales	409.88	406.62	390.87	377.98	366.88	355.51
Excise Duty	0.00	0.00	0.00	0.00	0.00	0.00
Net Sales	409.88	406.62	390.87	377.98	366.88	355.51
Other Operating Income	0.00	0.00	0.00	0.00	0.00	0.00
Other Income	25.36	22.21	13.66	8.45	7.80	3.82
Total Income	435.24	428.83	404.53	386.43	374.68	359.33
Total Expenditure	328.98	324.01	301.54	285.81	283.76	264.99
PBIDT	106.26	104.82	102.99	100.62	90.92	94.34
Interest	10.72	11.15	10.07	8.75	5.76	4.52
PBDT	95.54	93.67	92.92	91.87	85.16	89.82
Depreciation	14.81	14.55	14.24	12.94	9.92	9.71
Minority Interest Before NP	0.00	0.00	0.00	0.00	0.00	0.00
Tax	21.92	22.37	22.80	22.10	23.35	16.38
Deferred Tax	-0.81	-1.71	-2.45	-0.83	-5.69	4.32
Reported Profit After Tax	59.62	58.46	58.33	57.66	57.58	59.41
Minority Interest After NP	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit after Minority Interest	59.62	58.46	58.33	57.66	57.58	59.41

Extra-ordinary Items	0.78	0.00	0.00	0.00	-4.37	0.00
Adjusted Profit After Extra-ordinary item	58.84	58.46	58.33	57.66	61.95	59.41

EPS (Unit Curr.)	3.98	3.92	4.04	4.01	4.02	4.15
Book Value (Unit Curr.)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend (%)	0.00	125.00	0.00	0.00	0.00	100.00
Equity	29.81	29.80	28.72	28.66	28.63	28.61

Public Shareholding (Number)	0.00	0.00	0.00	0.00	0.00	0.00
Public Shareholding (%)	0.00	0.00	0.00	0.00	0.00	0.00

Pledged/Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

Non Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

PBIDTM(%)	25.92	25.78	26.35	26.62	24.78	26.54
PBDTM(%)	23.31	23.04	23.77	24.31	23.21	25.27
PATM(%)	14.55	14.38	14.92	15.25	15.69	16.71

Balance Sheet

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Standalone

Consolidated

Column	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18
SOURCES OF FUNDS :
Share Capital	28.66	28.54	28.37	45.13	28.27	48.65
Reserves Total	797.32	641.20	518.30	220.48	-95.86	143.24
Equity Share Warrants	0.00	0.00	0.00	0.00	0.00	0.00
Equity Application Money	0.00	0.00	0.00	0.00	0.00	0.00
Total Shareholders Funds	825.98	669.74	546.67	265.61	-67.59	191.89
Secured Loans	399.55	190.64	166.30	78.43	339.13	86.68
Unsecured Loans	143.20	59.11	26.45	35.43	44.93	10.19
Total Debt	542.75	249.75	192.75	113.86	384.06	96.87
Total Liabilities	1368.73	919.49	739.42	379.47	316.47	288.76
APPLICATION OF FUNDS :
Gross Block	231.83	92.08	37.17	63.73	72.19	70.41
Less : Accumulated Depreciation	32.81	28.60	8.25	25.93	11.09	26.37
Less:Impairment of Assets	0.00	0.00	0.00	0.00	0.00	0.00
Net Block	199.02	63.48	28.92	37.80	61.10	44.04
Lease Adjustment	0.00	0.00	0.00	0.00	0.00	0.00
Capital Work in Progress	2.66	0.35	0.14	0.17	0.17	0.14
Producing Properties	0.00	0.00	0.00	0.00	0.00	0.00
Investments	197.19	524.25	488.68	83.37	98.15	160.70
Current Assets, Loans & Advances	0.00	0.00	0.00	0.00	0.00	0.00
Inventories	0.00	0.00	0.00	0.00	0.00	0.00
Sundry Debtors	198.85	161.27	116.10	114.87	127.52	93.93
Cash and Bank	674.07	156.72	138.87	189.57	26.05	14.93
Loans and Advances	161.12	121.94	85.25	57.30	80.61	26.17
Total Current Assets	1034.04	439.93	340.22	361.74	234.18	135.03
Less : Current Liabilities and Provisions	0.00	0.00	0.00	0.00	0.00	0.00
Current Liabilities	148.35	130.14	111.37	103.63	75.94	47.84
Provisions	17.57	14.58	15.08	12.46	9.98	9.19
Total Current Liabilities	165.92	144.72	126.45	116.09	85.92	57.03
Net Current Assets	868.12	295.21	213.77	245.65	148.26	78.00
Miscellaneous Expenses not written off	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	14.22	12.60	10.26	0.00	0.00	0.00
Deferred Tax Liability	1.76	5.63	0.00	0.00	0.00	0.00
Net Deferred Tax	12.46	6.97	10.26	0.00	0.00	0.00
Total Assets	1279.45	890.26	741.77	366.99	307.68	282.88
Contingent Liabilities	0.00	0.00	12.89	10.07	4.60	0.00

Cash Flow

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

PARTICULARS	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Cash and Cash Equivalents at Beginning of the year	56.01	79.52	43.50	16.05	15.22
Net Cash from Operating Activities	171.79	159.27	149.87	112.62	58.43
Net Cash Used In Investing Activities	-341.79	-110.61	-283.76	-72.37	0.74
Net Cash Used In Financing Activities	102.46	-72.17	169.91	-12.80	-58.34
Net Inc./Dec In Cash And Cash Equivalents	-67.54	-23.51	36.02	27.45	0.83
Cash And Cash Equivalents At End Of The Year	-11.53	56.01	79.52	43.50	16.05

Share Holding

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Promoter Shareholding

50.24%

FII Shareholding

4.69%

DII Shareholding

2.58%

Public Shareholding

40.57%

**Promoter pledged shareholding 50.24%

About Happiest Minds Technologies Ltd

Happiest Minds Technologies Ltd is in the IT - Software sector, having a market capitalization of Rs. 12397.45 crores. It has reported a sales of Rs. 370.58 crores and a net profit of Rs. 79.83 crores for the quarter ended December 2018. The company management includes Joseph Anantharaju, Ashok Soota,Venkatraman Narayanan,Anita Ramachandran,Rajendra Kumar Srivastava,Shubha Rao Mayya,Praveen Kumar Darshankar,Joseph Anantharaju (Happiest Minds Technologies Ltd) among others.

Chairman

Joseph Anantharaju

Registered office

53/1-4 Hosur Main Road,Madivala (Next to PoliceStatio,Bangaluru,Karnataka,560068

FAX :91-80-61960700

Background

Incorporation Year2011

Face Value₹2

Market Lot1

How to buy Happiest Minds shares on nse?

To buy Happiest Minds shares in Motilal Oswal, you just need to open a demat account and get your KYC documents verified

What is the Happiest Minds share price today?

The Happiest Minds shares price on nse is Rs.814.15 today.

What is the market cap of Happiest Minds shares on BSE ?

The company has a market capitalization of Rs.12397.45Cr

What is the PE & PB ratio of Happiest Minds shares ?

PE is 51.17 and PB is 9

What is the 52 Week High and Low of Happiest Minds shares?

Happiest Minds stock price high: Rs.1022.3 Happiest Minds stock price low: Rs.738.05

What are the products and services offered by Happiest Minds Technologies Ltd?

Happiest Minds Technology offers services that fall within the category of “product engineering services”. This includes managed cloud services, consulting related to infrastructure and evaluation, GRC services, MDR services, OT security services, cyber security services, Healthcare cybersecurity, and ZTA.

What is the price trend of Happiest Minds Technologies Ltd over the last year?

With Yes Securities initiating a buy rating on the IT company, Happiest Minds Technologies, with a target price of Rs. 1,018 per share, the stock is up 27% from its market price. Despite short-term challenges in the past year, mainly due to macroeconomic issues, the company is slow in growing. However, it has made some significant strides in the offering of its services, and this gives investors hope. The company has had a strong focus on its digital business and a huge workforce offshore.

What is the dividend history of Happiest Minds Technologies Ltd?

Since June 2021, the company has declared 4 dividends. In the last year, an equity dividend of Rs. 4 per share was declared.

What are the growth prospects of Happiest Minds Technologies Ltd?

With a firm foot in diverse segments of IT services and a strong potential for expansion, Happiest Minds Technologies displays positive growth prospects.

What is the financial performance of Happiest Minds Technologies Ltd over the last few quarters?

The financial performance of Happiest Minds Technologies Ltd has been positive over the last few quarters with the company’s operations in full mode. The company has made a mark in the IT industry. An average target is estimated at Rs. 1116.50 per share as against previous prices of around 800 per share, indicating a rise of around 33% shortly. With total assets at Rs. 1,o82 crore, and no contingent liabilities, the company is on relatively solid financial ground.

What is the analyst consensus on Happiest Minds Technologies Ltd?

Reports from analysts show a consensus of Happiest Minds Technologies having a target average of Rs. 1116.50. The estimated consensus represents an uptick of 38.49% which is more than the last known price of around 800.

What is the future outlook for Happiest Minds Technologies Ltd?

The future outlook of Happiest Minds Technologies is bright with good numbers and predictions from analysts that the company will succeed more than in previous quarters.