Happiest Minds Technologies Limited

NSEI:HAPPSTMNDS Stock Report

Market Cap: ₹123.9b

Happiest Minds Technologies Valuation

Is HAPPSTMNDS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HAPPSTMNDS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HAPPSTMNDS (₹800.8) is trading above our estimate of fair value (₹499.15)

Significantly Below Fair Value: HAPPSTMNDS is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HAPPSTMNDS?

Other financial metrics that can be useful for relative valuation.

HAPPSTMNDS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.9x
Enterprise Value/EBITDA39.7x
PEG Ratio2.3x

Price to Earnings Ratio vs Peers

How does HAPPSTMNDS's PE Ratio compare to its peers?

The above table shows the PE ratio for HAPPSTMNDS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.1x
SONATSOFTW Sonata Software
59.2x29.6%₹174.1b
MASTEK Mastek
30.1x18.1%₹90.8b
532175 Cyient
31.1x16.2%₹204.9b
504067 Zensar Technologies
23.9x10.1%₹159.1b
HAPPSTMNDS Happiest Minds Technologies
51.4x22.2%₹123.9b

Price-To-Earnings vs Peers: HAPPSTMNDS is expensive based on its Price-To-Earnings Ratio (51.4x) compared to the peer average (36.1x).

Price to Earnings Ratio vs Industry

How does HAPPSTMNDS's PE Ratio compare vs other companies in the IN IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.0%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.0%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: HAPPSTMNDS is expensive based on its Price-To-Earnings Ratio (51.4x) compared to the Indian IT industry average (41.9x).

Price to Earnings Ratio vs Fair Ratio

What is HAPPSTMNDS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HAPPSTMNDS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio51.4x
Fair PE Ratio38.5x

Price-To-Earnings vs Fair Ratio: HAPPSTMNDS is expensive based on its Price-To-Earnings Ratio (51.4x) compared to the estimated Fair Price-To-Earnings Ratio (38.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HAPPSTMNDS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹800.80
₹852.17
+6.4%
7.8%₹975.00₹750.00n/a6
Oct ’25₹805.45
₹852.17
+5.8%
7.8%₹975.00₹750.00n/a6
Sep ’25₹812.30
₹833.00
+2.5%
4.7%₹872.00₹750.00n/a6
Aug ’25₹812.85
₹879.33
+8.2%
2.8%₹905.00₹830.00n/a6
Jul ’25₹833.35
₹879.33
+5.5%
2.8%₹905.00₹830.00n/a6
Jun ’25₹788.50
₹881.83
+11.8%
1.4%₹905.00₹870.00n/a6
May ’25₹814.50
₹897.67
+10.2%
8.8%₹1,040.00₹800.00n/a6
Apr ’25₹796.50
₹911.00
+14.4%
8.5%₹1,040.00₹800.00n/a6
Mar ’25₹848.25
₹911.00
+7.4%
8.5%₹1,040.00₹800.00n/a6
Feb ’25₹864.20
₹905.75
+4.8%
10.4%₹1,040.00₹800.00n/a4
Jan ’25₹903.65
₹909.25
+0.6%
10.8%₹1,062.00₹800.00n/a4
Dec ’24₹837.80
₹897.25
+7.1%
11.9%₹1,062.00₹800.00n/a4
Nov ’24₹811.50
₹897.25
+10.6%
11.9%₹1,062.00₹800.00n/a4
Oct ’24₹874.80
₹1,002.25
+14.6%
13.0%₹1,158.00₹800.00₹805.454
Sep ’24₹924.70
₹1,002.25
+8.4%
13.0%₹1,158.00₹800.00₹812.304
Aug ’24₹930.85
₹1,087.67
+16.8%
6.0%₹1,158.00₹1,001.00₹812.853
Jul ’24₹978.50
₹1,098.33
+12.2%
7.0%₹1,190.00₹1,001.00₹833.353
Jun ’24₹918.85
₹1,110.67
+20.9%
5.6%₹1,190.00₹1,038.00₹788.503
May ’24₹822.75
₹1,131.00
+37.5%
2.4%₹1,158.00₹1,104.00₹814.502
Apr ’24₹767.85
₹1,131.50
+47.4%
2.4%₹1,159.00₹1,104.00₹796.502
Mar ’24₹857.15
₹1,112.33
+29.8%
3.1%₹1,158.00₹1,075.00₹848.253
Feb ’24₹833.65
₹1,112.33
+33.4%
3.1%₹1,158.00₹1,075.00₹864.203
Jan ’24₹881.20
₹1,132.33
+28.5%
3.6%₹1,164.00₹1,075.00₹903.653
Dec ’23₹980.80
₹1,132.33
+15.4%
3.6%₹1,164.00₹1,075.00₹837.803
Nov ’23₹977.40
₹1,132.33
+15.9%
3.6%₹1,164.00₹1,075.00₹811.503
Oct ’23₹993.95
₹1,106.00
+11.3%
3.3%₹1,158.00₹1,075.00₹874.803

Analyst Forecast: Target price is less than 20% higher than the current share price.

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