NSE / BSETechnology
β‚Ή325.50-6.90-2.08%
P/E31.9Mkt Capβ‚Ή6.54 K CrEV/EBITDA16.6

Happiest Minds Technologies Limited

P/E31.9Mkt Capβ‚Ή6.54 K CrEV/EBITDA16.6
Company Profile

Happiest Minds Technologies Limited provides information technology (IT) solutions and services in India, the Americas, Australia, Europe, Asia, the Middle East, and Africa. It operates through three segments: Infrastructure Management and Security Services (IMSS); Product and Digital Engineering Services (PDES); and Generative AI Business Services (GBS). The IMSS segment provides integrated end-to-end infrastructure and security solutions comprising advisory, transformation, and managed operations; end-to-end gen AI-enabled solutions, such as infrastructure assessments and cloud migration, AI-powered threat detection, and continuous security monitoring; cloud and data center, databases and application platforms, digital workplace, enterprise networking, and IT services and operations management tools and platforms; strategy and consulting, and managed security; and identify security, cloud infrastructure protection, threat and vulnerability, and OT security solutions. The GBS segment offers consulting, engineering, testing, infrastructure management and support, and pre-built solutions/companions; and AI services, AI-powered applications, and customized generative AI models. The PDES segment provides business and IT consulting; marketing analytics; digital process automation for front, mid, and back-office operations; analytics and visualization; business-specific application development, maintenance, and support; intelligent test automation and engineering; and digital front door, healthcare enterprises connecting, healthcare data democratization and RWE, operational of DCT/digital trials, medical device engineering, cybersecurity in healthcare, core system modernization, and semantic interoperability services. This segment also offers product engineering, open-source stack, mobility, data analytics and business intelligence, accessibility, edtech compliance, integration, education CRM, Generative AI, digital process automation, cybersecurity, and personalized content services. The company was incorporated in 2011 and is headquartered in Bengaluru, India.

Valuation

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Current Price
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P/E Ratio
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EV / Sales
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Profitability

Operating Margin
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Net Profit Margin
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EBITDA Margin
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Returns

ROE
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ROA
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Solvency

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AI Summary

Indian Stock

Strengths1

  • Strong 5-year revenue CAGR of 16.1%

Concerns1

  • Operating margin declining for 3 consecutive years (24.0% β†’ 20.0% β†’ 13.0%)

Rule-based from financial data. Not advice.

Price Historyβ–Ό 42.90% over 1Y

Monthly Returns

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Year-to-Date ROI

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Historical Volatility

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Historical Performance

Revenue, profitability, and cash flow trends (β‚Ή Crores)

Revenue (10Y)

Operating Income (10Y)

Net Profit (10Y)

Operating Margin % (10Y)

Dividend Payout % (10Y)

Free Cash Flow (10Y)

Growth Summary

Latest fiscal year: Mar 2025

Revenueβ‚Ή1.48 K Crβ–² 0.5%
EBITDA Growthβ€”
Net Profitβ‚Ή169.00 Crβ–Ό 31.3%
Cash from Ops (CFO)β€”
Free Cash Flow (FCF)β€”β–Ό 251.2%
Revenue CAGR 5Y16.1%
EBITDA CAGR 5Y31.1%
Net Profit CAGR 5Y27.5%
NP Growth 1Y-31.3%

Historical Growth

Year-by-year revenue, profitability, and cash flow (β‚Ή Crores, last 10 years)

YearRevenueOp. IncomeNet ProfitCFOFCFROERev Growth 1YNP Growth 1Y
Mar 2025β‚Ή1.48 K Crβ€”β‚Ή169.00 Crβ€”β€”10.9%0.5%-31.3%
Mar 2024β‚Ή1.47 K Crβ€”β‚Ή246.00 Crβ€”β€”16.7%10.5%13.9%
Mar 2023β‚Ή1.33 K Crβ€”β‚Ή216.00 Crβ€”β€”26.2%28.9%16.1%
Mar 2022β‚Ή1.03 K Crβ€”β‚Ή186.00 Crβ€”β€”27.8%35.9%14.8%
Mar 2021β‚Ή761.00 Crβ€”β‚Ή162.00 Crβ€”β€”29.7%9.0%121.9%
Mar 2020β‚Ή698.00 Crβ€”β‚Ή73.00 Crβ€”β€”31.9%18.3%1725.0%
Mar 2019β‚Ή590.00 Crβ€”β‚Ή4.00 Crβ€”β€”-4.4%32.9%-130.8%
Mar 2018β‚Ή444.00 Crβ€”β‚Ή-13.00β€”β€”-8.7%3.0%-425.0%
Mar 2017β‚Ή431.00 Crβ€”β‚Ή4.00 Crβ€”β€”2.5%26.4%-20.0%
Mar 2016β‚Ή341.00 Crβ€”β‚Ή5.00 Crβ€”β€”5.5%26.3%-119.2%

Financial Statements

Income statement, balance sheet, and cash flow (β‚Ή Crores, as reported)

Free plan Β· showing 1 year of data.Upgrade

Consolidated Figures in USD Millions.

Unnamed: 0TTM
Revenue / Net Sales1,570
Total Expenses1,363
EBIT / Operating Profit207
OPM %13%
Other Income159
Finance Costs96
Depreciation & Amortisation45
Profit Before Tax226
Tax %-
Net Profit / PAT183
EPS (β‚Ή)12.02
Dividend Payout %-

Peer Comparison

Technology sector peers, ranked by market cap

CompanyMarket CapRevenueP/EP/BEV/EBITDARev G 1Y
Happiest Minds Technologies Limitedthis co.β‚Ή6.54 K Crβ‚Ή1.48 K Cr31.904.2116.630.5%
Bharti Airtel Ltd.β‚Ή12.19 L Crβ‚Ή1.09 L Cr50.408.3127.1915.8%
Tata Consultancy Services Ltd.β‚Ή11.84 L Crβ‚Ή2.15 L Cr24.2013.9118.916.2%
Infosys Ltdβ‚Ή6.48 L Crβ‚Ή1.37 L Cr24.207.1716.315.9%
HCL Technologies Ltdβ‚Ή4.52 L Crβ‚Ή51.10 K Cr36.8014.48β€”6.2%
Bharat Electronics Ltd.β‚Ή3.02 L Crβ‚Ή23.66 K Cr53.3014.2351.3217.3%
Wipro Ltd.β‚Ή2.77 L Crβ‚Ή67.29 K Cr23.004.2918.850.8%
Industry Averageβ€”β‚Ή10.05 K Cr69.998.5866.7522.0%

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