HAPPIEST MINDS TECHNOLOGIES LIMITED Financials Happiest Minds Technologies Limited
Equities
HAPPSTMNDS
INE419U01012
IT Services & Consulting
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 807.9 INR | -0.29% |
|
+0.03% | -9.84% |
| 05-09 | Happiest Minds to Acquire US-Based Aureus Tech Systems for $8.5 Million | MT |
| 05-09 | Happiest Minds Technologies Limited signed definitive agreement to acquire Aureus Tech Systems, LLC. | CI |
Valuation
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 79,314 | 150,361 | 109,841 | 120,054 | - | - |
| Enterprise Value (EV) 1 | 75,030 | 150,361 | 109,841 | 110,618 | 120,054 | 120,054 |
| P/E ratio | 47.2 x | 84.2 x | 48 x | 44.5 x | 39.3 x | 32.5 x |
| Yield | - | - | - | 0.77% | 0.89% | 1.06% |
| Capitalization / Revenue | 10.3 x | 13.7 x | 7.69 x | 6.81 x | 6.02 x | 4.97 x |
| EV / Revenue | 10.3 x | 13.7 x | 7.69 x | 6.81 x | 6.02 x | 4.97 x |
| EV / EBITDA | 41.4 x | 58.4 x | 30.6 x | 32.9 x | 27.6 x | 22.5 x |
| EV / FCF | 55.5 x | - | - | 57.7 x | 50.7 x | 40.5 x |
| FCF Yield | 1.8% | - | - | 1.73% | 1.97% | 2.47% |
| Price to Book | 14 x | - | 13.2 x | 9.33 x | 6.96 x | 6.02 x |
| Nbr of stocks (in thousands) | 146,864 | 142,300 | 143,050 | 148,600 | - | - |
| Reference price 2 | 540.0 | 1,057 | 767.8 | 807.9 | 807.9 | 807.9 |
| Announcement Date | 21-05-12 | 22-05-05 | 23-05-08 | 24-05-06 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 7,734 | 10,936 | 14,293 | 16,247 | 19,937 | 24,150 |
| EBITDA 1 | 1,915 | 2,577 | 3,589 | 3,358 | 4,353 | 5,338 |
| EBIT 1 | 1,688 | 2,248 | 3,170 | 2,776 | 3,640 | 4,587 |
| Operating Margin | 21.82% | 20.55% | 22.18% | 17.08% | 18.26% | 18.99% |
| Earnings before Tax (EBT) 1 | 1,860 | - | 3,099 | 3,347 | 4,577 | 5,234 |
| Net income 1 | 1,625 | 1,812 | 2,310 | 2,484 | 3,087 | 3,928 |
| Net margin | 21.01% | 16.57% | 16.16% | 15.29% | 15.48% | 16.26% |
| EPS 2 | 11.45 | 12.55 | 16.01 | 16.73 | 20.55 | 24.85 |
| Free Cash Flow 1 | 1,429 | - | - | 2,080 | 2,369 | 2,968 |
| FCF margin | 18.47% | - | - | 12.74% | 11.88% | 12.29% |
| FCF Conversion (EBITDA) | 74.61% | - | - | 60.24% | 54.43% | 55.59% |
| FCF Conversion (Net income) | 87.94% | - | - | 86.1% | 76.76% | 75.55% |
| Dividend per Share 2 | - | - | - | 6.233 | 7.200 | 8.567 |
| Announcement Date | 21-05-12 | 22-05-05 | 23-05-08 | 24-05-06 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,207 | - | 2,645 | 2,839 | - | 3,555 | 3,669 | 3,780 | 3,909 | 4,119 | 4,136 | 4,314 |
| EBITDA 1 | - | - | - | - | - | - | 972.6 | 921.7 | 893.3 | 902 | 821 | 819 |
| EBIT 1 | 484.6 | - | 521.9 | 595 | - | 808.1 | - | 792.3 | 750.9 | 755.3 | 682.5 | 752.7 |
| Operating Margin | 21.96% | - | 19.73% | 20.96% | - | 22.73% | - | 20.96% | 19.21% | 18.34% | 16.5% | 17.45% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | 752.4 | 789.3 | - | - | - | - |
| Net income | - | 357.3 | 444.4 | 489.2 | 563.4 | 594.1 | 575.8 | 576.6 | - | - | - | - |
| Net margin | - | - | 16.8% | 17.23% | - | 16.71% | 15.69% | 15.25% | - | - | - | - |
| EPS | - | 2.450 | - | - | 3.880 | - | 3.980 | 3.980 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 21-05-12 | 21-07-28 | 21-10-27 | 22-01-28 | 22-07-21 | 22-10-20 | 23-01-19 | 23-05-08 | 23-08-08 | - | - | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - |
| Net Cash position | 4,284 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,429 | - | - | 2,080 | 2,369 | 2,968 |
| ROE (net income / shareholders' equity) | 40% | 29.9% | 31.3% | 22.7% | 18.6% | 20.1% |
| ROA (Net income/ Total Assets) | - | 17.7% | 17% | 15.7% | 12.6% | 13.4% |
| Assets 1 | - | 10,235 | 13,552 | 15,385 | 24,393 | 29,278 |
| Book Value Per Share 2 | 38.50 | - | 58.10 | 86.60 | 116.0 | 134.0 |
| Cash Flow per Share | - | - | - | - | - | - |
| Capex 1 | 7.8 | - | - | 668 | 910 | 839 |
| Capex / Sales | 0.1% | - | - | 4.09% | 4.55% | 3.47% |
| Announcement Date | 21-05-12 | 22-05-05 | 23-05-08 | 24-05-06 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
807.9
INR
Average target price
919.2
INR
Spread / Average Target
+13.78%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -9.84% | 1.44B | |
| -12.49% | 193B | |
| +2.65% | 172B | |
| +2.04% | 153B | |
| +5.84% | 100B | |
| +11.22% | 80.72B | |
| +25.56% | 76.9B | |
| -7.65% | 71.61B | |
| -21.50% | 52.05B | |
| -10.22% | 42.83B |
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