Happiest Minds Technologies（543227）株式概要Happiest Minds Technologies Limitedは、インド、米国、カナダ、英国、オーストラリア、オランダ、シンガポール、マレーシア、ニュージーランド、メキシコ、アフリカ、中東でITソリューションとサービスを提供している。 詳細543227 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長4/6過去の実績2/6財務の健全性5/6配当金4/6報酬収益は年間30.52%増加すると予測されています アナリストらは、株価が36.4%上昇するだろうとほぼ一致している。 リスク分析不安定な配当実績 すべてのリスクチェックを見る543227 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₹Current Price₹390.2010.0% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-159m42b2016201920222025202620282031Revenue ₹42.2bEarnings ₹3.5bAdvancedSet Fair ValueView all narrativesFeatured narrative•Software opportunityZenaTechabout 2 months ago author updated this narrativeJOFair Value from Jolt_CommunicationsUS$6.8569.3% 割安 内在価値ディスカウントZenaTech: A big bet on the rise of AI drones and drones-as-a-serviceKey Takeaways ZenaTech is focusing its efforts into building AI drones, combining Drone as a Service, SaaS, and AI as its key revenue drivers. Previously building software for agriculture, ZenaTech has shifted rapidly toward drone services, now driving ~70% of revenue after recent acquisitions.Read full narrative3.2kusers have viewed this narrative9users have liked this narrative0users have commented on this narrative77users have followed this narrativeRead narrativeHappiest Minds Technologies Limited 競合他社MastekSymbol: NSEI:MASTEKMarket cap: ₹50.5bSonata SoftwareSymbol: NSEI:SONATSOFTWMarket cap: ₹82.4bASM TechnologiesSymbol: BSE:526433Market cap: ₹51.4bCigniti TechnologiesSymbol: BSE:534758Market cap: ₹32.5b価格と性能株価の高値、安値、推移の概要Happiest Minds Technologies過去の株価現在の株価₹390.2052週高値₹674.0052週安値₹305.30ベータ-0.0861ヶ月の変化1.96%3ヶ月変化0.74%1年変化-32.51%3年間の変化-54.39%5年間の変化-46.46%IPOからの変化5.18%最新ニュースお知らせ • Mar 21EQT, Partners Group & ITC Info Reportedly Eye a Chunk of Ashok Soota's Happiest MindsPrivate equity firms EQT AB (publ) (OM:EQT) and Partners Group Holding AG (SWX:PGHN) as well as IT services player ITC Infotech (ITC Infotech India Ltd.) are in the fray to acquire a controlling stake in listed software company Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) from its founder and chairman Ashok Soota, said people familiar with the matter. Soota, the 83-year old IT industry veteran, who previously founded Mindtree and is a former Wipro executive, owns about 44% stake in Happiest Minds Technologies directly and through investment companies. The promoter group stake was worth about INR 25,000 million on March 19, 2026. "One of the big four firms is currently carrying out a commercial due diligence and a report will be provided to interested bidders within weeks," said one of the persons, who did not wish to be identified. Another person said, "The discussions are at a very early stage and it may take weeks for it to proceed to the next step. At that stage, depending on the negotiations over valuations, any deal may or may not happen."In February, Soota had said at a post-earnings press conference - when asked about stake sale plans - that the company was focused on its artificial intelligence project and that he was "very much at the helm". He did not respond to multiple queries sent by ET till press time. Happiest Minds Technologies, too, did not respond. EQT and Partners Group also did not respond to queries sent on March 17, 2026. An ITC Infotech spokesperson said in an emailed response, "We do not comment on market speculation".Valuation Update With 7 Day Price Move • Mar 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹401, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the IT industry in India. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹198 per share.Reported Earnings • Feb 10Third quarter 2026 earnings: EPS misses analyst expectationsThird quarter 2026 results: EPS: ₹2.68 (down from ₹3.33 in 3Q 2025). Revenue: ₹6.03b (up 14% from 3Q 2025). Net income: ₹403.0m (down 20% from 3Q 2025). Profit margin: 6.7% (down from 9.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.お知らせ • Jan 30Happiest Minds Technologies Limited to Report Q3, 2026 Results on Feb 09, 2026Happiest Minds Technologies Limited announced that they will report Q3, 2026 results on Feb 09, 2026お知らせ • Jan 06Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) completed the acquisition of Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from Neurealm Private Limited.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed a share purchase agreement to acquire Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from Neurealm Private Limited on February 1, 2025. The consideration will be paid in cash. In the separate agreements Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed share purchase agreements to acquire InnovazIT Technologies LLC and Gavs Technologies LLC. The combined consideration for the acquisition of InnovazIT, Gavs Technologies LLC and Gavs Technologies Saudi Arabia for Telecommunications and Information Technology is $1.7 million. The businesses together generated an annual revenue of approximately $6.4 million. The acquisition is expected to be completed by March 15, 2025. On completion of the transaction, the Happiest Minds Technologies Limited will own 100% of ownership and business interest of GAVS Technologies in the Middle East. Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) completed the acquisition of Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from Neurealm Private Limited on January 5, 2026.Reported Earnings • Oct 29Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: ₹3.59 (up from ₹3.29 in 2Q 2025). Revenue: ₹5.95b (up 14% from 2Q 2025). Net income: ₹540.2m (up 9.1% from 2Q 2025). Profit margin: 9.1% (in line with 2Q 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.最新情報をもっと見るRecent updatesお知らせ • Mar 21EQT, Partners Group & ITC Info Reportedly Eye a Chunk of Ashok Soota's Happiest MindsPrivate equity firms EQT AB (publ) (OM:EQT) and Partners Group Holding AG (SWX:PGHN) as well as IT services player ITC Infotech (ITC Infotech India Ltd.) are in the fray to acquire a controlling stake in listed software company Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) from its founder and chairman Ashok Soota, said people familiar with the matter. Soota, the 83-year old IT industry veteran, who previously founded Mindtree and is a former Wipro executive, owns about 44% stake in Happiest Minds Technologies directly and through investment companies. The promoter group stake was worth about INR 25,000 million on March 19, 2026. "One of the big four firms is currently carrying out a commercial due diligence and a report will be provided to interested bidders within weeks," said one of the persons, who did not wish to be identified. Another person said, "The discussions are at a very early stage and it may take weeks for it to proceed to the next step. At that stage, depending on the negotiations over valuations, any deal may or may not happen."In February, Soota had said at a post-earnings press conference - when asked about stake sale plans - that the company was focused on its artificial intelligence project and that he was "very much at the helm". He did not respond to multiple queries sent by ET till press time. Happiest Minds Technologies, too, did not respond. EQT and Partners Group also did not respond to queries sent on March 17, 2026. An ITC Infotech spokesperson said in an emailed response, "We do not comment on market speculation".Valuation Update With 7 Day Price Move • Mar 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹401, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the IT industry in India. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹198 per share.Reported Earnings • Feb 10Third quarter 2026 earnings: EPS misses analyst expectationsThird quarter 2026 results: EPS: ₹2.68 (down from ₹3.33 in 3Q 2025). Revenue: ₹6.03b (up 14% from 3Q 2025). Net income: ₹403.0m (down 20% from 3Q 2025). Profit margin: 6.7% (down from 9.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.お知らせ • Jan 30Happiest Minds Technologies Limited to Report Q3, 2026 Results on Feb 09, 2026Happiest Minds Technologies Limited announced that they will report Q3, 2026 results on Feb 09, 2026お知らせ • Jan 06Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) completed the acquisition of Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from Neurealm Private Limited.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed a share purchase agreement to acquire Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from Neurealm Private Limited on February 1, 2025. The consideration will be paid in cash. In the separate agreements Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed share purchase agreements to acquire InnovazIT Technologies LLC and Gavs Technologies LLC. The combined consideration for the acquisition of InnovazIT, Gavs Technologies LLC and Gavs Technologies Saudi Arabia for Telecommunications and Information Technology is $1.7 million. The businesses together generated an annual revenue of approximately $6.4 million. The acquisition is expected to be completed by March 15, 2025. On completion of the transaction, the Happiest Minds Technologies Limited will own 100% of ownership and business interest of GAVS Technologies in the Middle East. Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) completed the acquisition of Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from Neurealm Private Limited on January 5, 2026.Reported Earnings • Oct 29Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: ₹3.59 (up from ₹3.29 in 2Q 2025). Revenue: ₹5.95b (up 14% from 2Q 2025). Net income: ₹540.2m (up 9.1% from 2Q 2025). Profit margin: 9.1% (in line with 2Q 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.お知らせ • Oct 28Happiest Minds Technologies Limited to Report Q2, 2026 Results on Oct 28, 2025Happiest Minds Technologies Limited announced that they will report Q2, 2026 results at 9:08 AM, Indian Standard Time on Oct 28, 2025お知らせ • Jul 21Happiest Minds Technologies Limited to Report Q1, 2026 Results on Jul 29, 2025Happiest Minds Technologies Limited announced that they will report Q1, 2026 results on Jul 29, 2025Upcoming Dividend • Jul 11Upcoming dividend of ₹3.50 per shareEligible shareholders must have bought the stock before 18 July 2025. Payment date: 28 August 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (2.9%).Reported Earnings • Jul 09Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹12.26 (down from ₹16.73 in FY 2024). Revenue: ₹20.6b (up 27% from FY 2024). Net income: ₹1.85b (down 26% from FY 2024). Profit margin: 9.0% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • Jun 12Happiest Minds Technologies Limited Appoints Anand Balakrishnan as Chief Financial OfficerHappiest Minds Technologies Limited announced the appointment of Mr. Anand Balakrishnanas its Chief Financial Officer (CFO). In his role as CFO, Anand will be reporting to Mr. Venkatraman Narayanan, Managing Director of the Company. Anand Balakrishnan has over 20 years of extensive experience in financial management, accounting, and strategic leadership, having held senior roles at organizations including Marsh McLennan (formerly JLT), GE Healthcare, and Mindteck. Anand brings rich leadership experience from his previous roles and joins from Mindteck, a publicly listed IT service company. During his six-year tenure with them, he played a pivotal role in improving financial discipline and operational efficiency and successfully turning the organization back to profitability by guiding the business towards stability and sustainable growth. Anand is a member of Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Certified Public Accountant – American Institute of Certified Public Accountants and holds a graduate degree in commerce from the Bangalore University.Price Target Changed • May 19Price target decreased by 8.4% to ₹648Down from ₹707, the current price target is an average from 7 analysts. New target price is 5.8% above last closing price of ₹612. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₹18.20 for next year compared to ₹12.26 last year.Reported Earnings • May 14Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹12.26 (down from ₹16.73 in FY 2024). Revenue: ₹21.6b (up 33% from FY 2024). Net income: ₹1.85b (down 26% from FY 2024). Profit margin: 8.5% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.お知らせ • May 13Happiest Minds Technologies Limited, Annual General Meeting, Jul 29, 2025Happiest Minds Technologies Limited, Annual General Meeting, Jul 29, 2025.お知らせ • May 01Happiest Minds Technologies Limited to Report Q4, 2025 Results on May 12, 2025Happiest Minds Technologies Limited announced that they will report Q4, 2025 results on May 12, 2025お知らせ • Mar 19+ 1 more updateHappiest Minds Technologies Limited Announces CEO ChangesHappiest Minds Technologies Limited announced apex-level changes in the organization structure with immediate effect. Joseph Anantharaju, who was previously the Executive Vice Chairman, President & CEO of the PDES Division, has been appointed as the CEO of Happiest Minds. Joseph will now be responsible for all the business divisions of Happiest Minds, including Product & Digital Engineering Services (PDES), Infrastructure Management & Security Services (IMSS), and GenAI Business Services (GBS). The Analytics CoE and People Practice will also report to Joseph. Venkatraman Narayanan is MD & CFO.Price Target Changed • Feb 08Price target decreased by 7.1% to ₹750Down from ₹807, the current price target is an average from 5 analysts. New target price is 10% above last closing price of ₹681. Stock is down 19% over the past year. The company is forecast to post earnings per share of ₹14.27 for next year compared to ₹16.73 last year.Reported Earnings • Feb 05Third quarter 2025 earnings: EPS in line with expectations, revenues disappointThird quarter 2025 results: EPS: ₹3.33 (down from ₹3.98 in 3Q 2024). Revenue: ₹5.31b (up 30% from 3Q 2024). Net income: ₹501.0m (down 16% from 3Q 2024). Profit margin: 9.4% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.お知らせ • Feb 04Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed a share purchase agreement to acquire Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from GAVS Technologies Pvt. Ltd.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed a share purchase agreement to acquire Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from GAVS Technologies Pvt. Ltd. on February 2, 2025. The consideration will be paid in cash. In the separate agreements Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed share purchase agreements to acquire InnovazIT Technologies LLC and Gavs Technologies LLC. The combined consideration for the acquisition of InnovazIT, Gavs Technologies LLC and Gavs Technologies Saudi Arabia for Telecommunications and Information Technology is $1.7 million. The businesses together generated an annual revenue of approximately $6.4 million. The acquisition is expected to be completed by March 15, 2025. On completion of the transaction, the Happiest Minds Technologies Limited will own 100% of ownership and business interest of GAVS Technologies in the Middle East.お知らせ • Jan 21Happiest Minds Technologies Limited to Report Q3, 2025 Results on Feb 04, 2025Happiest Minds Technologies Limited announced that they will report Q3, 2025 results on Feb 04, 2025Upcoming Dividend • Nov 20Upcoming dividend of ₹2.50 per shareEligible shareholders must have bought the stock before 27 November 2024. Payment date: 13 December 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (2.0%).お知らせ • Nov 15Happiest Minds Technologies Limited Recommends Interim Dividend for the Financial Year 2024-25The Board of Directors of Happiest Minds Technologies Limited, at their meeting held on November 13, 2024, has recommended an interim dividend of INR 2.5 per equity share of face value INR 2 for the financial year 2024-25, subject to shareholder approval.Reported Earnings • Nov 14Second quarter 2025 earnings released: EPS: ₹3.29 (vs ₹3.92 in 2Q 2024)Second quarter 2025 results: EPS: ₹3.29 (down from ₹3.92 in 2Q 2024). Revenue: ₹5.49b (up 35% from 2Q 2024). Net income: ₹495.2m (down 15% from 2Q 2024). Profit margin: 9.0% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.お知らせ • Oct 21Happiest Minds Technologies Limited to Report Q2, 2025 Results on Nov 13, 2024Happiest Minds Technologies Limited announced that they will report Q2, 2025 results on Nov 13, 2024お知らせ • Oct 10Happiest Minds Technologies Limited Announces the Launch of Happiest Minds' Secureline360Happiest Minds Technologies Limited announced the launch of Happiest Minds' Secureline360, a cutting-edge solution designed to streamline incident response and provide real-time visibility to organizations across industries. Powered by AI-driven advanced threat detection, Happiest Minds' Secureline360 delivers unmatched speed and precision in identifying and responding to cyber threats. By leveraging the proprietary SecAiGenie platform, Happiest Minds' Secureline360 enables organizations to address even the most complex and unprecedented security incidents at 3X the speed of traditional remediation processes, ensuring no threat goes unresolved.Reported Earnings • Aug 13First quarter 2025 earnings released: EPS: ₹3.39 (vs ₹4.04 in 1Q 2024)First quarter 2025 results: EPS: ₹3.39 (down from ₹4.04 in 1Q 2024). Revenue: ₹4.89b (up 25% from 1Q 2024). Net income: ₹510.3m (down 13% from 1Q 2024). Profit margin: 10% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.お知らせ • Aug 06Happiest Minds Technologies Limited Expands Board of Directors with Appointments of Mittu Sridhara and Rajiv ShahHappiest Minds Technologies Limited announced the expansion of its existing Board of Directors with the appointment of Mittu Sridhara (aka Seshashayee Sridhara) and Rajiv Shah to accelerate its growth and expand its global footprint. Both industry leaders bring a wealth of experience and expertise to the Board and have a deep understanding of the technologies that shape the IT industry.お知らせ • Jul 31Happiest Minds Technologies Limited to Report Q1, 2025 Results on Aug 12, 2024Happiest Minds Technologies Limited announced that they will report Q1, 2025 results on Aug 12, 2024お知らせ • Jul 16Happiest Minds Technologies Limited Announces Launch of Complete 360 IT Managed Service Offering, Happiest Minds' Watch360Happiest Minds Technologies Limited announced the launch of a Complete 360 IT Managed Service offering, Happiest Minds' Watch360, designed specifically to help organizations manage their IT environment effortlessly. The comprehensive service offering provides organizations with reliable and affordable 24/7 IT infrastructure management. Powered by ELLIPSE, an AI-infused platform, Happiest Minds' watch360 utilizes machine learning for real-time insights and automation. This translates to enhanced IT efficiency, cost savings, and seamless service delivery, all backed by SLAs and experts, delivering services from ISO 27001-certified centers. This proactive approach will allow organizations to focus more on core businesses and strategic initiatives.Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹908, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 27x in the IT industry in India. Negligible returns to shareholders over past three years.Upcoming Dividend • Jun 07Upcoming dividend of ₹3.25 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 July 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (2.1%).お知らせ • May 29Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) completed the acquisition of PureSoftware Technologies Private Limited.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) entered into definitive agreement to acquire PureSoftware Technologies Private Limited for INR 7.8 billion on April 24, 2024. The consideration consists INR 7.79 billion comprising of upfront payment of INR 6.3474 billion on closing and deferred payment of up to INR 1.4426 billion payable at the end of FY25 on achievement of set performance targets. PureSoftware reported revenues of INR 351 million for fiscal year 2024. As of May 27, 2024, the transaction is expected to close on May 31, 2024. Ernst & Young Private Limited, Investment Banking Arm and Avendus Capital Private Limited acted as exclusive financial advisor to Happiest Minds and PureSoftware respectively. Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) completed the acquisition of PureSoftware Technologies Private Limited on May 28, 2024.お知らせ • May 11Happiest Minds Technologies Limited Recommends Final Dividend for the Financial Year Ended March 31, 2024The Board of Directors of the Happiest Minds Technologies Limited at the meeting held on May 6, 2024 have recommended a final dividend of INR 3.25 per share, subject to shareholder approval. This would take total dividend for the year to INR 5.75.お知らせ • May 10Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed definitive agreement to acquire Aureus Tech Systems, LLC.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed definitive agreement to acquire Aureus Tech Systems, LLC on May 9, 2024. Ernst & Young Global Limited, Corporate Finance acted as a exclusive financial advisor to Aureus Tech Systems.お知らせ • May 08Happiest Minds Technologies Limited, Annual General Meeting, Jun 28, 2024Happiest Minds Technologies Limited, Annual General Meeting, Jun 28, 2024.Reported Earnings • May 07Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: ₹16.73 (up from ₹16.13 in FY 2023). Revenue: ₹17.1b (up 20% from FY 2023). Net income: ₹2.48b (up 7.5% from FY 2023). Profit margin: 14% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.9%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Apr 28Happiest Minds Technologies Limited to Report Q4, 2024 Results on May 06, 2024Happiest Minds Technologies Limited announced that they will report Q4, 2024 results on May 06, 2024お知らせ • Apr 26Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) entered into definitive agreement to acquire PureSoftware Technologies Private Limited for INR 7.8 million.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) entered into definitive agreement to acquire PureSoftware Technologies Private Limited for INR 7.8 million on April 25, 2024. The consideration consists INR 7.8 billion comprising of upfront payment of INR 6.4 billion on closing and deferred payment of up to INR 1.4 billion payable at the end of FY25 on achievement of set performance targets. PureSoftware reported revenues of INR 351 million for fiscal 2024. EY and Avendus Capital acted as exclusive financial advisor to Happiest Minds and PureSoftware respectively.お知らせ • Apr 20Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) agreed to acquire Macmillan Learning India Private Limited from Holtzbrinck Publishers, LLC for INR 45 million.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) agreed to acquire Macmillan Learning India Private Limited from Holtzbrinck Publishers, LLC for INR 45 million on April 19, 2024. The consideration consists of INR 45 million in cash. Happiest Minds will be purchasing 0.1 million shares of Macmillan.Macmillan Learning India Private Limited reported revenue of INR 69 million for FY 2022-23.The acquisition is expected to be completed by April 30, 2024.お知らせ • Feb 27Happiest Minds Technologies Limited Announces Executive Appointments, Effective from April 01, 2024Happiest Minds Technologies Limited appointed Poornima Bethmangalkar as Industry Group (IG) Head of newly established vertical - Industrial, Manufacturing and Energy & Utilities. Date of Change is April 01, 2024. Poornima Bethmangalkar is the General Manager and IG Head. She has over 23 years of experience in the industry and is passionate about helping customers in the industrial, process manufacturing, and automotive industries unlock the true value of digital, so they are future ready. Srinivas Iyengar Designated as Industry Group (IG) Head of newly established vertical - Healthcare & Life Sciences. Date of Change is April 01, 2024. Srinivas Iyengar is the Vice President and IG Head. He has over 25 years of experience in the technology services industry and brings a unique outside-in perspective to his engagement with different players of the ecosystem. Priya Prasad Designated as Industry Group (IG) Head of newly established vertical - Retail, CPG & Logistics Date of Change is April 01, 2024 Priya Prasad is the Vice President and IG Head. She has 24 years of experience with a unique blend across functional areas and tech consulting in the Retail and CPG industries. Subhasis Bandyopadhyay Designated as Industry Group (IG) Head of newly established vertical - Banking, Financial Services, and Insurance (BFSI) Date of Change is April 01, 2024 Subhasis Bandyopadhyay is the Vice President and IG Head. He has over 30 years of experience in banking, payments, risk and compliance, insurance, and capital markets. Viswanath Subramaniam Designated as Industry Group (IG) Head of newly established vertical - EdTech Date of Change April 01, 2024 Viswanath Subramaniam is the Vice President and Domain Head. He has worked in the education industry for two decades and he will be responsible for building EdTech capability and contributing to the P&L.Reported Earnings • Jan 18Third quarter 2024 earnings released: EPS: ₹3.98 (vs ₹4.02 in 3Q 2023)Third quarter 2024 results: EPS: ₹3.98. Revenue: ₹4.34b (up 18% from 3Q 2023). Net income: ₹596.2m (up 3.5% from 3Q 2023). Profit margin: 14% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in India.お知らせ • Jan 09Happiest Minds Technologies Limited to Report Q3, 2024 Results on Jan 17, 2024Happiest Minds Technologies Limited announced that they will report Q3, 2024 results on Jan 17, 2024Upcoming Dividend • Oct 23Upcoming dividend of ₹2.50 per share at 0.8% yieldEligible shareholders must have bought the stock before 30 October 2023. Payment date: 17 November 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (1.9%).Price Target Changed • Oct 21Price target decreased by 7.3% to ₹897Down from ₹968, the current price target is an average from 4 analysts. New target price is 8.2% above last closing price of ₹829. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₹16.40 for next year compared to ₹16.13 last year.お知らせ • Oct 18Happiest Minds Technologies Limited Recommends Interim Dividend for Fiscal Year 2023-24, Payable on and After November 13, 2023Happiest Minds Technologies Limited announced Board of Directors of the Company at their meeting held on October 17, 2023 has recommended an interim dividend of INR 2.50 per equity share of face value INR 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.Reported Earnings • Oct 18Second quarter 2024 earnings released: EPS: ₹3.92 (vs ₹4.15 in 2Q 2023)Second quarter 2024 results: EPS: ₹3.92 (down from ₹4.15 in 2Q 2023). Revenue: ₹4.29b (up 21% from 2Q 2023). Net income: ₹584.6m (down 1.6% from 2Q 2023). Profit margin: 14% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 10Happiest Minds Technologies Limited to Report First Half, 2024 Results on Oct 17, 2023Happiest Minds Technologies Limited announced that they will report first half, 2024 results on Oct 17, 2023Price Target Changed • Oct 05Price target decreased by 7.9% to ₹1,002Down from ₹1,088, the current price target is an average from 4 analysts. New target price is 17% above last closing price of ₹856. Stock is down 15% over the past year. The company is forecast to post earnings per share of ₹18.30 for next year compared to ₹16.13 last year.Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: ₹4.04 (vs ₹3.96 in 1Q 2023)First quarter 2024 results: EPS: ₹4.04 (up from ₹3.96 in 1Q 2023). Revenue: ₹4.05b (up 23% from 1Q 2023). Net income: ₹583.3m (up 3.5% from 1Q 2023). Profit margin: 14% (down from 17% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in India.お知らせ • Aug 05Happiest Minds Leverages ELLIPSE MSP Platform Powered by ServiceNow to Deliver Intelligent IT and Enterprise Service ManagementHappiest Minds Technologies Limited announced it has advanced in the ServiceNow Consulting and Implementation Partner Program to help organizations with their digital transformation needs. The partnership enables Happiest Minds to modernize and scale IT and Enterprise Service Management landscape for customers. Happiest Minds' expertise, experience, and services will bring efficiency to customers' digital initiatives by enabling seamless adoption of ServiceNow. With support from the global stakeholders of ServiceNow coupled with Happiest Minds consulting-driven approach will demonstrate tangible ROI to drive ServiceNow adoption in existing and new customers. Happiest Minds's ServiceNow MSP partnership (Premier Level) is poised to support customers in addressing multiple challenges in the market: Value realization from IT and Enterprise Service Management implementations. Siloed processes and data impacting customer service & operational inefficiencies. Tools & process alignment as per ITIL and similar maturity frameworks. Lack of holistic and structured automation in IT and Enterprise workflows. As a Consulting and Implementation partner, Happiest Minds will deliver the following features of the ServiceNow platform to customers: IT Service Management, IT Operations Management, IT Asset Management, Security Management, Governance, Risk and Compliance, Security Operations Support, Customer Service Management, Low Code Application Development, Automation and Platform Operations. Happiest Minds has successfully integrated the ServiceNow Platform as a core component of its ELLIPSE Platform - an AIOps-powered Managed Services Delivery Platform currently supporting more than 25 global customers. This integration enables Happiest Minds to efficiently deliver Enterprise Services leveraging a single platform. Given focus on disruptive technologies & emerging areas like Low Code Application Platforms (LCAP), the company are well positioned to help clients migrate their legacy custom applications builds to the ServiceNow LCAP solution - apart from leveraging industry knowledge & solution accelerators. Customers also benefit from deep services expertise in areas like GRC, to realize the expanded portfolio of offerings from ServiceNow.お知らせ • Jul 26Happiest Minds Technologies Limited to Report Q1, 2024 Results on Aug 08, 2023Happiest Minds Technologies Limited announced that they will report Q1, 2024 results on Aug 08, 2023お知らせ • Jul 21Happiest Minds Technologies Limited Approves Final Dividend for the Financial Year Ended March 31, 2023Happiest Minds Technologies Limited approved final dividend @ INR 3.40 per equity share (@170% on par value of INR 2 each), for the financial year ended March 31, 2023 be paid on equity shares of the Company to those members whose names appear on the Register of Members of the Company as on July 7, 2023 and in respect of shares held in electronic form, to the beneficial owners of the shares as on July 7, 2023 as per details furnished by the Depositories for this purpose.New Risk • Jul 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Dividend is not well covered by cash flows (149% cash payout ratio). Shareholders have been diluted in the past year (4.2% increase in shares outstanding).お知らせ • Jul 15Happiest Minds Technologies Limited announced that it has received INR 4.99999962 billion in funding from Troo Capital Ltd, Société Générale Société anonyme, Morgan Stanley Asia (Singapore) Pte., BNP Paribas SAOn July 14, 2023, Happiest Minds Technologies Limited closed the transaction. The transaction has been approved by board of directors of the company.Upcoming Dividend • Jun 30Upcoming dividend of ₹3.40 per share at 0.7% yieldEligible shareholders must have bought the stock before 07 July 2023. Payment date: 16 August 2023. Payout ratio is a comfortable 33% and the cash payout ratio is 84%. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.0%).Reported Earnings • Jun 29Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: ₹16.13 (up from ₹12.84 in FY 2022). Revenue: ₹14.3b (up 31% from FY 2022). Net income: ₹2.31b (up 28% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in India.お知らせ • May 09+ 1 more updateHappiest Minds Technologies Limited, Annual General Meeting, Jul 17, 2023Happiest Minds Technologies Limited, Annual General Meeting, Jul 17, 2023.Reported Earnings • May 09Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: ₹16.13 (up from ₹12.84 in FY 2022). Revenue: ₹14.5b (up 33% from FY 2022). Net income: ₹2.31b (up 28% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the IT industry in India.お知らせ • Jan 26Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed an agreements to acquire Sri Mookambika Infosolutions Private Limited for INR1110 million.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed an agreements to acquire Sri Mookambika Infosolutions Private Limited for INR1110 million on January 25, 2023. The consideration of INR1110 million will be paid in cash, split between upfront and deferred. Sri Mookambika Infosolutions Private Limited has an annual run rate in revenues of approximately INR734.2155 million. The acquisition is expected to be completed before end of February 2023. The acquisition was supported by Ernst & Young on the advisory side.Reported Earnings • Jan 20Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: ₹4.02 (up from ₹3.44 in 3Q 2022). Revenue: ₹3.75b (up 32% from 3Q 2022). Net income: ₹575.8m (up 18% from 3Q 2022). Profit margin: 15% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 8.3%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in India.お知らせ • Jan 10Happiest Minds Technologies Limited to Report Q3, 2023 Results on Jan 19, 2023Happiest Minds Technologies Limited announced that they will report Q3, 2023 results on Jan 19, 2023Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Anita Ramachandran was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Upcoming Dividend • Oct 26Upcoming dividend of ₹2.00 per shareEligible shareholders must have bought the stock before 02 November 2022. Payment date: 19 November 2022. Payout ratio is a comfortable 26% but the company is paying out more than the cash it is generating. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (1.9%).Reported Earnings • Oct 21Second quarter 2023 earnings released: EPS: ₹4.15 (vs ₹3.12 in 2Q 2022)Second quarter 2023 results: EPS: ₹4.15 (up from ₹3.12 in 2Q 2022). Revenue: ₹3.59b (up 36% from 2Q 2022). Net income: ₹594.1m (up 34% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the IT industry in India.お知らせ • Oct 21Happiest Minds Technologies Limited Declares an Interim Dividend for the Financial Year 2022-23, Payable on and After November 15, 2022Happiest Minds Technologies Limited announced that at its Board Meeting held on October 20, 2022, declared an interim dividend of INR 2/- per equity share of face value INR 2/- for the financial year 2022-23. Record date for the purpose of interim dividend has been fixed on November 03, 2022 and the dividend will be paid on and after November 15, 2022 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.お知らせ • Oct 08Happiest Minds Technologies Limited to Report First Half, 2023 Results on Oct 20, 2022Happiest Minds Technologies Limited announced that they will report first half, 2023 results on Oct 20, 2022お知らせ • Aug 13Happiest Minds Technologies Limited Launches Identity Vigil 2.0 Powered by OneLoginHappiest Minds Technologies Limited announced the launch of Identity Vigil 2.0 a next-gen signature IDaaS MSSP solution powered by OneLogin, a cloud-based identity and access management (IAM) provider that designs and develops secure and unified access management (UAM) platforms. Identity Vigil is a trademarked Identity Management Managed services Platform of Happiest Minds Technologies. The highly scalable, innovative 360-degree platform provides secure access to SaaS and enterprise apps across roles and privileges. In joining forces with OneLogin, a Global leader in Access Management 2.0, Identity Vigil now has truly hosted & managed IDaaS credentials. Happiest Minds Technologies' Identity Vigil 2.0 is a user-friendly, cloud-based IAM for the modern enterprise with secure access for every user, every application, and every device. This will allow everything to be hosted on and managed from the cloud. The aim of the platform is to support and strengthen the identity landscape of small and mid-sized customers in a cost-effective manner by eliminating the constraints on procurement of and hosting an IMA tool and dependencies of hiring and talent management. It is in line with vision to strengthen the management of everything from the cloud and minimize security issues while improving customer experience.お知らせ • Aug 05Happiest Minds Technologies Limited Announces Launch of End-to-End Security Services for HealthcareHappiest Minds Technologies Limited announced the launch of its Cybersecurity services in the healthcare vertical. Cybersecurity for healthcare provides end-to-end security services for the Healthcare industry by applying a robust and proven framework tailored to meet regulatory requirements, digital security best practices, and cutting-edge tools & technologies. Happiest Minds enables cyber security for healthcare businesses with a 360° approach by applying a robust and proven framework built per regulatory requirements, digital security best practices, and best-of-the-breed tools and technologies. These services will help customers stay updated with evolving governance policies and tighten their healthcare security posture using leading technologies AI/Big Data/Behavioral and analytics. The company ensures that organization complies with regulatory requirements (HIPAA/HITRUST) and becomes a resilient healthcare provider. The company provides end-to-end Managed Security Services to establish a centralized security monitoring solution leveraging existing investments; onboard multiple security solutions into the SOC platform to establish a single visibility portal; eliminate false positives and finetune the existing setup; SLA-based monitoring and management of the security infrastructure; and IAM and PAM strategy, Engineering, and Roadmap.お知らせ • Jul 22Happiest Minds Technologies Limited Announces Committee ChangesHappiest Minds Technologies Limited announced that at its board meeting held on July 21, 2022, Ms. Shubha Rao Mayya, Independent Director, has been appointed as Chairperson of the CSR Committee. The erstwhile Chairperson Mr. Joseph Anantharaju will continue as a member of the Committee.Reported Earnings • Jul 22First quarter 2023 earnings released: EPS: ₹3.96 (vs ₹2.51 in 1Q 2022)First quarter 2023 results: EPS: ₹3.96 (up from ₹2.51 in 1Q 2022). Revenue: ₹3.33b (up 36% from 1Q 2022). Net income: ₹563.4m (up 58% from 1Q 2022). Profit margin: 17% (up from 15% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 13% growth forecast for the industry in India.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₹969, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 25x in the IT industry in India. Total loss to shareholders of 34% over the past year.お知らせ • Jul 13Happiest Minds Technologies Limited to Report Q1, 2023 Results on Jul 21, 2022Happiest Minds Technologies Limited announced that they will report Q1, 2023 results at 3:30 PM, Indian Standard Time on Jul 21, 2022Upcoming Dividend • Jun 16Upcoming dividend of ₹2.00 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 30 July 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (1.9%).Reported Earnings • Jun 08Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: ₹10.9b (up 41% from FY 2021). Net income: ₹1.81b (up 12% from FY 2021). Profit margin: 17% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 23%, compared to a 15% growth forecast for the industry in India.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹972, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 27x in the IT industry in India. Total returns to shareholders of 8.0% over the past year.Reported Earnings • May 06Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: ₹12.77 (up from ₹11.75 in FY 2021). Revenue: ₹11.3b (up 46% from FY 2021). Net income: ₹1.81b (up 12% from FY 2021). Profit margin: 16% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 12%, compared to a 15% growth forecast for the industry in India.お知らせ • May 06+ 1 more updateHappiest Minds Technologies Limited Recommends Final Dividend for the Year Ended March 31, 2022Happiest Minds Technologies Limited announced that at its board meeting held on May 05, 2022, the board recommended a final dividend of INR 2/- per equity share of INR 2/- each for the financial year ended March 31, 2022, subject to the approval of the members at the upcoming 11th Annual General Meeting of the company (AGM).Price Target Changed • Apr 27Price target increased to ₹1,510Up from ₹633, the current price target is provided by 1 analyst. New target price is 51% above last closing price of ₹1,001. Stock is up 51% over the past year. The company is forecast to post earnings per share of ₹12.77 for next year compared to ₹11.75 last year.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Anita Ramachandran was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Apr 23Happiest Minds Technologies Limited to Report Q4, 2022 Results on May 05, 2022Happiest Minds Technologies Limited announced that they will report Q4, 2022 results on May 05, 2022Reported Earnings • Jan 30Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: ₹3.44 (up from ₹2.98 in 3Q 2021). Revenue: ₹2.92b (up 52% from 3Q 2021). Net income: ₹489.2m (up 16% from 3Q 2021). Profit margin: 17% (down from 22% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 17%, compared to a 17% growth forecast for the industry in India.Upcoming Dividend • Nov 02Upcoming dividend of ₹1.75 per shareEligible shareholders must have bought the stock before 09 November 2021. Payment date: 26 November 2021. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (1.2%).Reported Earnings • Oct 29Second quarter 2022 earnings released: EPS ₹3.12 (vs ₹2.51 in 2Q 2021)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹2.65b (up 45% from 2Q 2021). Net income: ₹444.4m (up 30% from 2Q 2021). Profit margin: 17% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses.Reported Earnings • Jul 30First quarter 2022 earnings released: EPS ₹2.51 (vs ₹3.73 in 1Q 2021)The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: ₹2.45b (up 38% from 1Q 2021). Net income: ₹357.3m (down 29% from 1Q 2021). Profit margin: 15% (down from 28% in 1Q 2021). The decrease in margin was driven by higher expenses.Reported Earnings • Jun 13Full year 2021 earnings released: EPS ₹11.75 (vs ₹7.05 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹7.73b (up 11% from FY 2020). Net income: ₹1.62b (up 127% from FY 2020). Profit margin: 21% (up from 10% in FY 2020). The increase in margin was primarily driven by higher revenue.Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₹874, the stock trades at a forward P/E ratio of 69x. Average forward P/E is 26x in the IT industry in India.Reported Earnings • May 14Full year 2021 earnings released: EPS ₹11.75 (vs ₹7.05 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹7.98b (up 14% from FY 2020). Net income: ₹1.62b (up 127% from FY 2020). Profit margin: 20% (up from 10% in FY 2020). The increase in margin was driven by higher revenue.お知らせ • May 13Happiest Minds Technologies Limited Recommends Final Dividend for the Financial Year Ended March 31, 2021Happiest Minds Technologies Limited announced that the Board of Directors of the Company at its meeting held on May 12, 2021, recommended a final dividend of INR 3 per equity share of INR 2 each for the financial year ended March 31, 2021, subject to the approval of the members at the upcoming 10th Annual General Meeting of the Company (AGM).Valuation Update With 7 Day Price Move • May 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹749, the stock trades at a forward P/E ratio of 63x. Average forward P/E is 24x in the IT industry in India.Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₹618, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 22x in the IT industry in India.お知らせ • Mar 12Happiest Minds Technologies Partners with Ilantus Technologies to Deliver Next-Gen Identity and Access Management Security ServicesHappiest Minds Technologies Limited has entered into a partnership with Ilantus Technologies to enhance its Identity and Access Management capabilities while supporting customers in their Cybersecurity journey. Happiest Minds has always strived to adapt next-gen technologies like RPA and Blockchain into the Identity and Access Management landscape. This partnership enables Happiest Minds Technologies to manage and safeguard an organization's intellectual property from Identity and Access theft while enhancing their risk and regulatory governance landscape and key use cases include: Privileged Access Management and Threat Analytics; Identity-as-a-Service (IDaaS); IDAM & Privileged IDAM for Bots; RPA- Identity Automation; Cloud Access Management; Passwordless Authentication; Predictive Identity & Access Governance; Risk-based/Adaptive Authentication. The partnership with Ilantus is in line with the vision to strengthen the Identity and Access Management within organizations by leveraging technologies such as Artificial Intelligence and Machine learning to have comprehensive visibility to the vulnerabilities arising from Identity and Access exposure from internal and external factors. As a reseller and partner of Ilantus Technologies, Happiest Minds Technologies is committed to minimizing the risk factor arising from identity and access thefts while improving customer experience.Valuation Update With 7 Day Price Move • Feb 18Investor sentiment improved over the past weekAfter last week's 36% share price gain to ₹484, the stock is trading at a trailing P/E ratio of 38.5x, up from the previous P/E ratio of 28.4x. This compares to an average P/E of 20x in the IT industry in India.Is New 90 Day High Low • Feb 12New 90-day high: ₹398The company is up 23% from its price of ₹324 on 14 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 20% over the same period.お知らせ • Jan 31Happiest Minds Technologies Limited (BSE:543227) agreed to acquire PGS Inc. for $8.3 million.Happiest Minds Technologies Limited (BSE:543227) agreed to acquire PGS Inc. for $8.3 million on January 29, 2021. PGS has a revenue of approximately $10.6 million in 2020. The acquisition is subject to customary closing conditions and is expected to close in the Quarter of March 31, 2021.お知らせ • Jan 27Happiest Minds Technologies Limited to Report Q3, 2021 Results on Feb 10, 2021Happiest Minds Technologies Limited announced that they will report Q3, 2021 results on Feb 10, 2021株主還元543227IN ITIN 市場7D4.6%-0.2%0.9%1Y-32.5%-22.2%6.1%株主還元を見る業界別リターン: 543227過去 1 年間で-22.2 % の収益を上げたIndian IT業界を下回りました。リターン対市場: 543227は、過去 1 年間で6.1 % のリターンを上げたIndian市場を下回りました。価格変動Is 543227's price volatile compared to industry and market?543227 volatility543227 Average Weekly Movement8.1%IT Industry Average Movement7.9%Market Average Movement7.2%10% most volatile stocks in IN Market10.2%10% least volatile stocks in IN Market4.7%安定した株価: 543227 、 Indian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 543227の 週次ボラティリティ ( 8% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト20116,548Joseph Anantharajuwww.happiestminds.comハピエスト・マインズ・テクノロジーズ社は、インド、米国、カナダ、英国、オーストラリア、オランダ、シンガポール、マレーシア、ニュージーランド、メキシコ、アフリカ、中東でITソリューションとサービスを提供している。3つのセグメントで事業を展開している：インフラストラクチャ・マネジメント＆セキュリティ・サービス（IMSS）、デジタル・ビジネス・ソリューション（DBS）、プロダクト・エンジニアリング・サービス（PES）。IMSS事業では、クラウド、仮想化、モビリティに特化したエンド・ツー・エンドの統合インフラとセキュリティ・ソリューションを様々な業種や地域に提供しているほか、アドバイザリー、トランスフォーメーション、マネージド＆ホステッド、セキュアインテリジェンス・ソリューション、スマートインフラストラクチャとセキュリティ・ソリューションのプラットフォームを提供している。DBS部門は、エンタープライズ・アプリケーションとカスタマイズ・ソリューションを提供し、アドバイザリー、設計・アーキテクチャ、カスタム・アプリ開発、パッケージ実装、テスト、ITイニシアチブの継続的サポート・サービスを行う。PES部門は、ソフトウェア製品企業に対し、モバイル、クラウド、ソーシャル技術を統合した製品やサービスの構築を支援している。また、モノのインターネット（IoT）ソリューションも提供しており、デジタル戦略の策定、デバイス／エッジ／プラットフォームエンジニアリング、IoTプラットフォーム上でのエンド・ツー・エンドのシステム統合、IoTセキュリティおよびマネージドサービスソリューション、IoTロードマップの実施と洞察の導出などが含まれる。さらに、人工知能、機械学習、統計モデルを用いた高度なアナリティクスの実装、ビッグデータプラットフォームのエンジニアリングなどのアナリティクス／人工知能ソリューション、AIや機械学習ベースのモデルを用いたロボティック・プロセス・オートメーション、インテリジェント・ビジネスプロセス・マネジメント、コグニティブ・オートメーションから成るデジタル・プロセス・オートメーション・ソリューションも提供している。同社は2011年に設立され、インドのベンガルールに本社を置いている。もっと見るHappiest Minds Technologies Limited 基礎のまとめHappiest Minds Technologies の収益と売上を時価総額と比較するとどうか。543227 基礎統計学時価総額₹58.60b収益（TTM）₹1.85b売上高(TTM)₹22.56b31.6xPER（株価収益率2.6xP/Sレシオ543227 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計543227 損益計算書（TTM）収益₹22.56b売上原価₹15.24b売上総利益₹7.32bその他の費用₹5.47b収益₹1.85b直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）12.36グロス・マージン32.45%純利益率8.22%有利子負債／自己資本比率28.3%543227 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.6%現在の配当利回り51%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/08 03:07終値2026/05/08 00:00収益2025/12/31年間収益2025/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Happiest Minds Technologies Limited 8 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。17 アナリスト機関Sushovon NayakAnand Rathi Shares and Stock Brokers LimitedMohit JainAnand Rathi Shares and Stock Brokers LimitedPiyush Kumar PandeyCentrum Broking Limited14 その他のアナリストを表示
Featured narrative•Software opportunityZenaTechabout 2 months ago author updated this narrativeJOFair Value from Jolt_CommunicationsUS$6.8569.3% 割安 内在価値ディスカウントZenaTech: A big bet on the rise of AI drones and drones-as-a-serviceKey Takeaways ZenaTech is focusing its efforts into building AI drones, combining Drone as a Service, SaaS, and AI as its key revenue drivers. Previously building software for agriculture, ZenaTech has shifted rapidly toward drone services, now driving ~70% of revenue after recent acquisitions.Read full narrative3.2kusers have viewed this narrative9users have liked this narrative0users have commented on this narrative77users have followed this narrativeRead narrative
お知らせ • Mar 21EQT, Partners Group & ITC Info Reportedly Eye a Chunk of Ashok Soota's Happiest MindsPrivate equity firms EQT AB (publ) (OM:EQT) and Partners Group Holding AG (SWX:PGHN) as well as IT services player ITC Infotech (ITC Infotech India Ltd.) are in the fray to acquire a controlling stake in listed software company Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) from its founder and chairman Ashok Soota, said people familiar with the matter. Soota, the 83-year old IT industry veteran, who previously founded Mindtree and is a former Wipro executive, owns about 44% stake in Happiest Minds Technologies directly and through investment companies. The promoter group stake was worth about INR 25,000 million on March 19, 2026. "One of the big four firms is currently carrying out a commercial due diligence and a report will be provided to interested bidders within weeks," said one of the persons, who did not wish to be identified. Another person said, "The discussions are at a very early stage and it may take weeks for it to proceed to the next step. At that stage, depending on the negotiations over valuations, any deal may or may not happen."In February, Soota had said at a post-earnings press conference - when asked about stake sale plans - that the company was focused on its artificial intelligence project and that he was "very much at the helm". He did not respond to multiple queries sent by ET till press time. Happiest Minds Technologies, too, did not respond. EQT and Partners Group also did not respond to queries sent on March 17, 2026. An ITC Infotech spokesperson said in an emailed response, "We do not comment on market speculation".
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹401, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the IT industry in India. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹198 per share.
Reported Earnings • Feb 10Third quarter 2026 earnings: EPS misses analyst expectationsThird quarter 2026 results: EPS: ₹2.68 (down from ₹3.33 in 3Q 2025). Revenue: ₹6.03b (up 14% from 3Q 2025). Net income: ₹403.0m (down 20% from 3Q 2025). Profit margin: 6.7% (down from 9.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
お知らせ • Jan 30Happiest Minds Technologies Limited to Report Q3, 2026 Results on Feb 09, 2026Happiest Minds Technologies Limited announced that they will report Q3, 2026 results on Feb 09, 2026
お知らせ • Jan 06Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) completed the acquisition of Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from Neurealm Private Limited.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed a share purchase agreement to acquire Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from Neurealm Private Limited on February 1, 2025. The consideration will be paid in cash. In the separate agreements Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed share purchase agreements to acquire InnovazIT Technologies LLC and Gavs Technologies LLC. The combined consideration for the acquisition of InnovazIT, Gavs Technologies LLC and Gavs Technologies Saudi Arabia for Telecommunications and Information Technology is $1.7 million. The businesses together generated an annual revenue of approximately $6.4 million. The acquisition is expected to be completed by March 15, 2025. On completion of the transaction, the Happiest Minds Technologies Limited will own 100% of ownership and business interest of GAVS Technologies in the Middle East. Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) completed the acquisition of Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from Neurealm Private Limited on January 5, 2026.
Reported Earnings • Oct 29Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: ₹3.59 (up from ₹3.29 in 2Q 2025). Revenue: ₹5.95b (up 14% from 2Q 2025). Net income: ₹540.2m (up 9.1% from 2Q 2025). Profit margin: 9.1% (in line with 2Q 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.
お知らせ • Mar 21EQT, Partners Group & ITC Info Reportedly Eye a Chunk of Ashok Soota's Happiest MindsPrivate equity firms EQT AB (publ) (OM:EQT) and Partners Group Holding AG (SWX:PGHN) as well as IT services player ITC Infotech (ITC Infotech India Ltd.) are in the fray to acquire a controlling stake in listed software company Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) from its founder and chairman Ashok Soota, said people familiar with the matter. Soota, the 83-year old IT industry veteran, who previously founded Mindtree and is a former Wipro executive, owns about 44% stake in Happiest Minds Technologies directly and through investment companies. The promoter group stake was worth about INR 25,000 million on March 19, 2026. "One of the big four firms is currently carrying out a commercial due diligence and a report will be provided to interested bidders within weeks," said one of the persons, who did not wish to be identified. Another person said, "The discussions are at a very early stage and it may take weeks for it to proceed to the next step. At that stage, depending on the negotiations over valuations, any deal may or may not happen."In February, Soota had said at a post-earnings press conference - when asked about stake sale plans - that the company was focused on its artificial intelligence project and that he was "very much at the helm". He did not respond to multiple queries sent by ET till press time. Happiest Minds Technologies, too, did not respond. EQT and Partners Group also did not respond to queries sent on March 17, 2026. An ITC Infotech spokesperson said in an emailed response, "We do not comment on market speculation".
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹401, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the IT industry in India. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹198 per share.
Reported Earnings • Feb 10Third quarter 2026 earnings: EPS misses analyst expectationsThird quarter 2026 results: EPS: ₹2.68 (down from ₹3.33 in 3Q 2025). Revenue: ₹6.03b (up 14% from 3Q 2025). Net income: ₹403.0m (down 20% from 3Q 2025). Profit margin: 6.7% (down from 9.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
お知らせ • Jan 30Happiest Minds Technologies Limited to Report Q3, 2026 Results on Feb 09, 2026Happiest Minds Technologies Limited announced that they will report Q3, 2026 results on Feb 09, 2026
お知らせ • Jan 06Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) completed the acquisition of Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from Neurealm Private Limited.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed a share purchase agreement to acquire Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from Neurealm Private Limited on February 1, 2025. The consideration will be paid in cash. In the separate agreements Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed share purchase agreements to acquire InnovazIT Technologies LLC and Gavs Technologies LLC. The combined consideration for the acquisition of InnovazIT, Gavs Technologies LLC and Gavs Technologies Saudi Arabia for Telecommunications and Information Technology is $1.7 million. The businesses together generated an annual revenue of approximately $6.4 million. The acquisition is expected to be completed by March 15, 2025. On completion of the transaction, the Happiest Minds Technologies Limited will own 100% of ownership and business interest of GAVS Technologies in the Middle East. Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) completed the acquisition of Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from Neurealm Private Limited on January 5, 2026.
Reported Earnings • Oct 29Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: ₹3.59 (up from ₹3.29 in 2Q 2025). Revenue: ₹5.95b (up 14% from 2Q 2025). Net income: ₹540.2m (up 9.1% from 2Q 2025). Profit margin: 9.1% (in line with 2Q 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.
お知らせ • Oct 28Happiest Minds Technologies Limited to Report Q2, 2026 Results on Oct 28, 2025Happiest Minds Technologies Limited announced that they will report Q2, 2026 results at 9:08 AM, Indian Standard Time on Oct 28, 2025
お知らせ • Jul 21Happiest Minds Technologies Limited to Report Q1, 2026 Results on Jul 29, 2025Happiest Minds Technologies Limited announced that they will report Q1, 2026 results on Jul 29, 2025
Upcoming Dividend • Jul 11Upcoming dividend of ₹3.50 per shareEligible shareholders must have bought the stock before 18 July 2025. Payment date: 28 August 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (2.9%).
Reported Earnings • Jul 09Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹12.26 (down from ₹16.73 in FY 2024). Revenue: ₹20.6b (up 27% from FY 2024). Net income: ₹1.85b (down 26% from FY 2024). Profit margin: 9.0% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • Jun 12Happiest Minds Technologies Limited Appoints Anand Balakrishnan as Chief Financial OfficerHappiest Minds Technologies Limited announced the appointment of Mr. Anand Balakrishnanas its Chief Financial Officer (CFO). In his role as CFO, Anand will be reporting to Mr. Venkatraman Narayanan, Managing Director of the Company. Anand Balakrishnan has over 20 years of extensive experience in financial management, accounting, and strategic leadership, having held senior roles at organizations including Marsh McLennan (formerly JLT), GE Healthcare, and Mindteck. Anand brings rich leadership experience from his previous roles and joins from Mindteck, a publicly listed IT service company. During his six-year tenure with them, he played a pivotal role in improving financial discipline and operational efficiency and successfully turning the organization back to profitability by guiding the business towards stability and sustainable growth. Anand is a member of Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Certified Public Accountant – American Institute of Certified Public Accountants and holds a graduate degree in commerce from the Bangalore University.
Price Target Changed • May 19Price target decreased by 8.4% to ₹648Down from ₹707, the current price target is an average from 7 analysts. New target price is 5.8% above last closing price of ₹612. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₹18.20 for next year compared to ₹12.26 last year.
Reported Earnings • May 14Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹12.26 (down from ₹16.73 in FY 2024). Revenue: ₹21.6b (up 33% from FY 2024). Net income: ₹1.85b (down 26% from FY 2024). Profit margin: 8.5% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
お知らせ • May 13Happiest Minds Technologies Limited, Annual General Meeting, Jul 29, 2025Happiest Minds Technologies Limited, Annual General Meeting, Jul 29, 2025.
お知らせ • May 01Happiest Minds Technologies Limited to Report Q4, 2025 Results on May 12, 2025Happiest Minds Technologies Limited announced that they will report Q4, 2025 results on May 12, 2025
お知らせ • Mar 19+ 1 more updateHappiest Minds Technologies Limited Announces CEO ChangesHappiest Minds Technologies Limited announced apex-level changes in the organization structure with immediate effect. Joseph Anantharaju, who was previously the Executive Vice Chairman, President & CEO of the PDES Division, has been appointed as the CEO of Happiest Minds. Joseph will now be responsible for all the business divisions of Happiest Minds, including Product & Digital Engineering Services (PDES), Infrastructure Management & Security Services (IMSS), and GenAI Business Services (GBS). The Analytics CoE and People Practice will also report to Joseph. Venkatraman Narayanan is MD & CFO.
Price Target Changed • Feb 08Price target decreased by 7.1% to ₹750Down from ₹807, the current price target is an average from 5 analysts. New target price is 10% above last closing price of ₹681. Stock is down 19% over the past year. The company is forecast to post earnings per share of ₹14.27 for next year compared to ₹16.73 last year.
Reported Earnings • Feb 05Third quarter 2025 earnings: EPS in line with expectations, revenues disappointThird quarter 2025 results: EPS: ₹3.33 (down from ₹3.98 in 3Q 2024). Revenue: ₹5.31b (up 30% from 3Q 2024). Net income: ₹501.0m (down 16% from 3Q 2024). Profit margin: 9.4% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
お知らせ • Feb 04Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed a share purchase agreement to acquire Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from GAVS Technologies Pvt. Ltd.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed a share purchase agreement to acquire Gavs Technologies Saudi Arabia for Telecommunications and Information Technology from GAVS Technologies Pvt. Ltd. on February 2, 2025. The consideration will be paid in cash. In the separate agreements Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed share purchase agreements to acquire InnovazIT Technologies LLC and Gavs Technologies LLC. The combined consideration for the acquisition of InnovazIT, Gavs Technologies LLC and Gavs Technologies Saudi Arabia for Telecommunications and Information Technology is $1.7 million. The businesses together generated an annual revenue of approximately $6.4 million. The acquisition is expected to be completed by March 15, 2025. On completion of the transaction, the Happiest Minds Technologies Limited will own 100% of ownership and business interest of GAVS Technologies in the Middle East.
お知らせ • Jan 21Happiest Minds Technologies Limited to Report Q3, 2025 Results on Feb 04, 2025Happiest Minds Technologies Limited announced that they will report Q3, 2025 results on Feb 04, 2025
Upcoming Dividend • Nov 20Upcoming dividend of ₹2.50 per shareEligible shareholders must have bought the stock before 27 November 2024. Payment date: 13 December 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (2.0%).
お知らせ • Nov 15Happiest Minds Technologies Limited Recommends Interim Dividend for the Financial Year 2024-25The Board of Directors of Happiest Minds Technologies Limited, at their meeting held on November 13, 2024, has recommended an interim dividend of INR 2.5 per equity share of face value INR 2 for the financial year 2024-25, subject to shareholder approval.
Reported Earnings • Nov 14Second quarter 2025 earnings released: EPS: ₹3.29 (vs ₹3.92 in 2Q 2024)Second quarter 2025 results: EPS: ₹3.29 (down from ₹3.92 in 2Q 2024). Revenue: ₹5.49b (up 35% from 2Q 2024). Net income: ₹495.2m (down 15% from 2Q 2024). Profit margin: 9.0% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
お知らせ • Oct 21Happiest Minds Technologies Limited to Report Q2, 2025 Results on Nov 13, 2024Happiest Minds Technologies Limited announced that they will report Q2, 2025 results on Nov 13, 2024
お知らせ • Oct 10Happiest Minds Technologies Limited Announces the Launch of Happiest Minds' Secureline360Happiest Minds Technologies Limited announced the launch of Happiest Minds' Secureline360, a cutting-edge solution designed to streamline incident response and provide real-time visibility to organizations across industries. Powered by AI-driven advanced threat detection, Happiest Minds' Secureline360 delivers unmatched speed and precision in identifying and responding to cyber threats. By leveraging the proprietary SecAiGenie platform, Happiest Minds' Secureline360 enables organizations to address even the most complex and unprecedented security incidents at 3X the speed of traditional remediation processes, ensuring no threat goes unresolved.
Reported Earnings • Aug 13First quarter 2025 earnings released: EPS: ₹3.39 (vs ₹4.04 in 1Q 2024)First quarter 2025 results: EPS: ₹3.39 (down from ₹4.04 in 1Q 2024). Revenue: ₹4.89b (up 25% from 1Q 2024). Net income: ₹510.3m (down 13% from 1Q 2024). Profit margin: 10% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
お知らせ • Aug 06Happiest Minds Technologies Limited Expands Board of Directors with Appointments of Mittu Sridhara and Rajiv ShahHappiest Minds Technologies Limited announced the expansion of its existing Board of Directors with the appointment of Mittu Sridhara (aka Seshashayee Sridhara) and Rajiv Shah to accelerate its growth and expand its global footprint. Both industry leaders bring a wealth of experience and expertise to the Board and have a deep understanding of the technologies that shape the IT industry.
お知らせ • Jul 31Happiest Minds Technologies Limited to Report Q1, 2025 Results on Aug 12, 2024Happiest Minds Technologies Limited announced that they will report Q1, 2025 results on Aug 12, 2024
お知らせ • Jul 16Happiest Minds Technologies Limited Announces Launch of Complete 360 IT Managed Service Offering, Happiest Minds' Watch360Happiest Minds Technologies Limited announced the launch of a Complete 360 IT Managed Service offering, Happiest Minds' Watch360, designed specifically to help organizations manage their IT environment effortlessly. The comprehensive service offering provides organizations with reliable and affordable 24/7 IT infrastructure management. Powered by ELLIPSE, an AI-infused platform, Happiest Minds' watch360 utilizes machine learning for real-time insights and automation. This translates to enhanced IT efficiency, cost savings, and seamless service delivery, all backed by SLAs and experts, delivering services from ISO 27001-certified centers. This proactive approach will allow organizations to focus more on core businesses and strategic initiatives.
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹908, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 27x in the IT industry in India. Negligible returns to shareholders over past three years.
Upcoming Dividend • Jun 07Upcoming dividend of ₹3.25 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 July 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (2.1%).
お知らせ • May 29Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) completed the acquisition of PureSoftware Technologies Private Limited.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) entered into definitive agreement to acquire PureSoftware Technologies Private Limited for INR 7.8 billion on April 24, 2024. The consideration consists INR 7.79 billion comprising of upfront payment of INR 6.3474 billion on closing and deferred payment of up to INR 1.4426 billion payable at the end of FY25 on achievement of set performance targets. PureSoftware reported revenues of INR 351 million for fiscal year 2024. As of May 27, 2024, the transaction is expected to close on May 31, 2024. Ernst & Young Private Limited, Investment Banking Arm and Avendus Capital Private Limited acted as exclusive financial advisor to Happiest Minds and PureSoftware respectively. Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) completed the acquisition of PureSoftware Technologies Private Limited on May 28, 2024.
お知らせ • May 11Happiest Minds Technologies Limited Recommends Final Dividend for the Financial Year Ended March 31, 2024The Board of Directors of the Happiest Minds Technologies Limited at the meeting held on May 6, 2024 have recommended a final dividend of INR 3.25 per share, subject to shareholder approval. This would take total dividend for the year to INR 5.75.
お知らせ • May 10Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed definitive agreement to acquire Aureus Tech Systems, LLC.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed definitive agreement to acquire Aureus Tech Systems, LLC on May 9, 2024. Ernst & Young Global Limited, Corporate Finance acted as a exclusive financial advisor to Aureus Tech Systems.
お知らせ • May 08Happiest Minds Technologies Limited, Annual General Meeting, Jun 28, 2024Happiest Minds Technologies Limited, Annual General Meeting, Jun 28, 2024.
Reported Earnings • May 07Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: ₹16.73 (up from ₹16.13 in FY 2023). Revenue: ₹17.1b (up 20% from FY 2023). Net income: ₹2.48b (up 7.5% from FY 2023). Profit margin: 14% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.9%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Apr 28Happiest Minds Technologies Limited to Report Q4, 2024 Results on May 06, 2024Happiest Minds Technologies Limited announced that they will report Q4, 2024 results on May 06, 2024
お知らせ • Apr 26Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) entered into definitive agreement to acquire PureSoftware Technologies Private Limited for INR 7.8 million.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) entered into definitive agreement to acquire PureSoftware Technologies Private Limited for INR 7.8 million on April 25, 2024. The consideration consists INR 7.8 billion comprising of upfront payment of INR 6.4 billion on closing and deferred payment of up to INR 1.4 billion payable at the end of FY25 on achievement of set performance targets. PureSoftware reported revenues of INR 351 million for fiscal 2024. EY and Avendus Capital acted as exclusive financial advisor to Happiest Minds and PureSoftware respectively.
お知らせ • Apr 20Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) agreed to acquire Macmillan Learning India Private Limited from Holtzbrinck Publishers, LLC for INR 45 million.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) agreed to acquire Macmillan Learning India Private Limited from Holtzbrinck Publishers, LLC for INR 45 million on April 19, 2024. The consideration consists of INR 45 million in cash. Happiest Minds will be purchasing 0.1 million shares of Macmillan.Macmillan Learning India Private Limited reported revenue of INR 69 million for FY 2022-23.The acquisition is expected to be completed by April 30, 2024.
お知らせ • Feb 27Happiest Minds Technologies Limited Announces Executive Appointments, Effective from April 01, 2024Happiest Minds Technologies Limited appointed Poornima Bethmangalkar as Industry Group (IG) Head of newly established vertical - Industrial, Manufacturing and Energy & Utilities. Date of Change is April 01, 2024. Poornima Bethmangalkar is the General Manager and IG Head. She has over 23 years of experience in the industry and is passionate about helping customers in the industrial, process manufacturing, and automotive industries unlock the true value of digital, so they are future ready. Srinivas Iyengar Designated as Industry Group (IG) Head of newly established vertical - Healthcare & Life Sciences. Date of Change is April 01, 2024. Srinivas Iyengar is the Vice President and IG Head. He has over 25 years of experience in the technology services industry and brings a unique outside-in perspective to his engagement with different players of the ecosystem. Priya Prasad Designated as Industry Group (IG) Head of newly established vertical - Retail, CPG & Logistics Date of Change is April 01, 2024 Priya Prasad is the Vice President and IG Head. She has 24 years of experience with a unique blend across functional areas and tech consulting in the Retail and CPG industries. Subhasis Bandyopadhyay Designated as Industry Group (IG) Head of newly established vertical - Banking, Financial Services, and Insurance (BFSI) Date of Change is April 01, 2024 Subhasis Bandyopadhyay is the Vice President and IG Head. He has over 30 years of experience in banking, payments, risk and compliance, insurance, and capital markets. Viswanath Subramaniam Designated as Industry Group (IG) Head of newly established vertical - EdTech Date of Change April 01, 2024 Viswanath Subramaniam is the Vice President and Domain Head. He has worked in the education industry for two decades and he will be responsible for building EdTech capability and contributing to the P&L.
Reported Earnings • Jan 18Third quarter 2024 earnings released: EPS: ₹3.98 (vs ₹4.02 in 3Q 2023)Third quarter 2024 results: EPS: ₹3.98. Revenue: ₹4.34b (up 18% from 3Q 2023). Net income: ₹596.2m (up 3.5% from 3Q 2023). Profit margin: 14% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in India.
お知らせ • Jan 09Happiest Minds Technologies Limited to Report Q3, 2024 Results on Jan 17, 2024Happiest Minds Technologies Limited announced that they will report Q3, 2024 results on Jan 17, 2024
Upcoming Dividend • Oct 23Upcoming dividend of ₹2.50 per share at 0.8% yieldEligible shareholders must have bought the stock before 30 October 2023. Payment date: 17 November 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (1.9%).
Price Target Changed • Oct 21Price target decreased by 7.3% to ₹897Down from ₹968, the current price target is an average from 4 analysts. New target price is 8.2% above last closing price of ₹829. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₹16.40 for next year compared to ₹16.13 last year.
お知らせ • Oct 18Happiest Minds Technologies Limited Recommends Interim Dividend for Fiscal Year 2023-24, Payable on and After November 13, 2023Happiest Minds Technologies Limited announced Board of Directors of the Company at their meeting held on October 17, 2023 has recommended an interim dividend of INR 2.50 per equity share of face value INR 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.
Reported Earnings • Oct 18Second quarter 2024 earnings released: EPS: ₹3.92 (vs ₹4.15 in 2Q 2023)Second quarter 2024 results: EPS: ₹3.92 (down from ₹4.15 in 2Q 2023). Revenue: ₹4.29b (up 21% from 2Q 2023). Net income: ₹584.6m (down 1.6% from 2Q 2023). Profit margin: 14% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 10Happiest Minds Technologies Limited to Report First Half, 2024 Results on Oct 17, 2023Happiest Minds Technologies Limited announced that they will report first half, 2024 results on Oct 17, 2023
Price Target Changed • Oct 05Price target decreased by 7.9% to ₹1,002Down from ₹1,088, the current price target is an average from 4 analysts. New target price is 17% above last closing price of ₹856. Stock is down 15% over the past year. The company is forecast to post earnings per share of ₹18.30 for next year compared to ₹16.13 last year.
Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: ₹4.04 (vs ₹3.96 in 1Q 2023)First quarter 2024 results: EPS: ₹4.04 (up from ₹3.96 in 1Q 2023). Revenue: ₹4.05b (up 23% from 1Q 2023). Net income: ₹583.3m (up 3.5% from 1Q 2023). Profit margin: 14% (down from 17% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in India.
お知らせ • Aug 05Happiest Minds Leverages ELLIPSE MSP Platform Powered by ServiceNow to Deliver Intelligent IT and Enterprise Service ManagementHappiest Minds Technologies Limited announced it has advanced in the ServiceNow Consulting and Implementation Partner Program to help organizations with their digital transformation needs. The partnership enables Happiest Minds to modernize and scale IT and Enterprise Service Management landscape for customers. Happiest Minds' expertise, experience, and services will bring efficiency to customers' digital initiatives by enabling seamless adoption of ServiceNow. With support from the global stakeholders of ServiceNow coupled with Happiest Minds consulting-driven approach will demonstrate tangible ROI to drive ServiceNow adoption in existing and new customers. Happiest Minds's ServiceNow MSP partnership (Premier Level) is poised to support customers in addressing multiple challenges in the market: Value realization from IT and Enterprise Service Management implementations. Siloed processes and data impacting customer service & operational inefficiencies. Tools & process alignment as per ITIL and similar maturity frameworks. Lack of holistic and structured automation in IT and Enterprise workflows. As a Consulting and Implementation partner, Happiest Minds will deliver the following features of the ServiceNow platform to customers: IT Service Management, IT Operations Management, IT Asset Management, Security Management, Governance, Risk and Compliance, Security Operations Support, Customer Service Management, Low Code Application Development, Automation and Platform Operations. Happiest Minds has successfully integrated the ServiceNow Platform as a core component of its ELLIPSE Platform - an AIOps-powered Managed Services Delivery Platform currently supporting more than 25 global customers. This integration enables Happiest Minds to efficiently deliver Enterprise Services leveraging a single platform. Given focus on disruptive technologies & emerging areas like Low Code Application Platforms (LCAP), the company are well positioned to help clients migrate their legacy custom applications builds to the ServiceNow LCAP solution - apart from leveraging industry knowledge & solution accelerators. Customers also benefit from deep services expertise in areas like GRC, to realize the expanded portfolio of offerings from ServiceNow.
お知らせ • Jul 26Happiest Minds Technologies Limited to Report Q1, 2024 Results on Aug 08, 2023Happiest Minds Technologies Limited announced that they will report Q1, 2024 results on Aug 08, 2023
お知らせ • Jul 21Happiest Minds Technologies Limited Approves Final Dividend for the Financial Year Ended March 31, 2023Happiest Minds Technologies Limited approved final dividend @ INR 3.40 per equity share (@170% on par value of INR 2 each), for the financial year ended March 31, 2023 be paid on equity shares of the Company to those members whose names appear on the Register of Members of the Company as on July 7, 2023 and in respect of shares held in electronic form, to the beneficial owners of the shares as on July 7, 2023 as per details furnished by the Depositories for this purpose.
New Risk • Jul 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Dividend is not well covered by cash flows (149% cash payout ratio). Shareholders have been diluted in the past year (4.2% increase in shares outstanding).
お知らせ • Jul 15Happiest Minds Technologies Limited announced that it has received INR 4.99999962 billion in funding from Troo Capital Ltd, Société Générale Société anonyme, Morgan Stanley Asia (Singapore) Pte., BNP Paribas SAOn July 14, 2023, Happiest Minds Technologies Limited closed the transaction. The transaction has been approved by board of directors of the company.
Upcoming Dividend • Jun 30Upcoming dividend of ₹3.40 per share at 0.7% yieldEligible shareholders must have bought the stock before 07 July 2023. Payment date: 16 August 2023. Payout ratio is a comfortable 33% and the cash payout ratio is 84%. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.0%).
Reported Earnings • Jun 29Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: ₹16.13 (up from ₹12.84 in FY 2022). Revenue: ₹14.3b (up 31% from FY 2022). Net income: ₹2.31b (up 28% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in India.
お知らせ • May 09+ 1 more updateHappiest Minds Technologies Limited, Annual General Meeting, Jul 17, 2023Happiest Minds Technologies Limited, Annual General Meeting, Jul 17, 2023.
Reported Earnings • May 09Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: ₹16.13 (up from ₹12.84 in FY 2022). Revenue: ₹14.5b (up 33% from FY 2022). Net income: ₹2.31b (up 28% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the IT industry in India.
お知らせ • Jan 26Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed an agreements to acquire Sri Mookambika Infosolutions Private Limited for INR1110 million.Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) signed an agreements to acquire Sri Mookambika Infosolutions Private Limited for INR1110 million on January 25, 2023. The consideration of INR1110 million will be paid in cash, split between upfront and deferred. Sri Mookambika Infosolutions Private Limited has an annual run rate in revenues of approximately INR734.2155 million. The acquisition is expected to be completed before end of February 2023. The acquisition was supported by Ernst & Young on the advisory side.
Reported Earnings • Jan 20Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: ₹4.02 (up from ₹3.44 in 3Q 2022). Revenue: ₹3.75b (up 32% from 3Q 2022). Net income: ₹575.8m (up 18% from 3Q 2022). Profit margin: 15% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 8.3%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in India.
お知らせ • Jan 10Happiest Minds Technologies Limited to Report Q3, 2023 Results on Jan 19, 2023Happiest Minds Technologies Limited announced that they will report Q3, 2023 results on Jan 19, 2023
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Anita Ramachandran was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Upcoming Dividend • Oct 26Upcoming dividend of ₹2.00 per shareEligible shareholders must have bought the stock before 02 November 2022. Payment date: 19 November 2022. Payout ratio is a comfortable 26% but the company is paying out more than the cash it is generating. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (1.9%).
Reported Earnings • Oct 21Second quarter 2023 earnings released: EPS: ₹4.15 (vs ₹3.12 in 2Q 2022)Second quarter 2023 results: EPS: ₹4.15 (up from ₹3.12 in 2Q 2022). Revenue: ₹3.59b (up 36% from 2Q 2022). Net income: ₹594.1m (up 34% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the IT industry in India.
お知らせ • Oct 21Happiest Minds Technologies Limited Declares an Interim Dividend for the Financial Year 2022-23, Payable on and After November 15, 2022Happiest Minds Technologies Limited announced that at its Board Meeting held on October 20, 2022, declared an interim dividend of INR 2/- per equity share of face value INR 2/- for the financial year 2022-23. Record date for the purpose of interim dividend has been fixed on November 03, 2022 and the dividend will be paid on and after November 15, 2022 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.
お知らせ • Oct 08Happiest Minds Technologies Limited to Report First Half, 2023 Results on Oct 20, 2022Happiest Minds Technologies Limited announced that they will report first half, 2023 results on Oct 20, 2022
お知らせ • Aug 13Happiest Minds Technologies Limited Launches Identity Vigil 2.0 Powered by OneLoginHappiest Minds Technologies Limited announced the launch of Identity Vigil 2.0 a next-gen signature IDaaS MSSP solution powered by OneLogin, a cloud-based identity and access management (IAM) provider that designs and develops secure and unified access management (UAM) platforms. Identity Vigil is a trademarked Identity Management Managed services Platform of Happiest Minds Technologies. The highly scalable, innovative 360-degree platform provides secure access to SaaS and enterprise apps across roles and privileges. In joining forces with OneLogin, a Global leader in Access Management 2.0, Identity Vigil now has truly hosted & managed IDaaS credentials. Happiest Minds Technologies' Identity Vigil 2.0 is a user-friendly, cloud-based IAM for the modern enterprise with secure access for every user, every application, and every device. This will allow everything to be hosted on and managed from the cloud. The aim of the platform is to support and strengthen the identity landscape of small and mid-sized customers in a cost-effective manner by eliminating the constraints on procurement of and hosting an IMA tool and dependencies of hiring and talent management. It is in line with vision to strengthen the management of everything from the cloud and minimize security issues while improving customer experience.
お知らせ • Aug 05Happiest Minds Technologies Limited Announces Launch of End-to-End Security Services for HealthcareHappiest Minds Technologies Limited announced the launch of its Cybersecurity services in the healthcare vertical. Cybersecurity for healthcare provides end-to-end security services for the Healthcare industry by applying a robust and proven framework tailored to meet regulatory requirements, digital security best practices, and cutting-edge tools & technologies. Happiest Minds enables cyber security for healthcare businesses with a 360° approach by applying a robust and proven framework built per regulatory requirements, digital security best practices, and best-of-the-breed tools and technologies. These services will help customers stay updated with evolving governance policies and tighten their healthcare security posture using leading technologies AI/Big Data/Behavioral and analytics. The company ensures that organization complies with regulatory requirements (HIPAA/HITRUST) and becomes a resilient healthcare provider. The company provides end-to-end Managed Security Services to establish a centralized security monitoring solution leveraging existing investments; onboard multiple security solutions into the SOC platform to establish a single visibility portal; eliminate false positives and finetune the existing setup; SLA-based monitoring and management of the security infrastructure; and IAM and PAM strategy, Engineering, and Roadmap.
お知らせ • Jul 22Happiest Minds Technologies Limited Announces Committee ChangesHappiest Minds Technologies Limited announced that at its board meeting held on July 21, 2022, Ms. Shubha Rao Mayya, Independent Director, has been appointed as Chairperson of the CSR Committee. The erstwhile Chairperson Mr. Joseph Anantharaju will continue as a member of the Committee.
Reported Earnings • Jul 22First quarter 2023 earnings released: EPS: ₹3.96 (vs ₹2.51 in 1Q 2022)First quarter 2023 results: EPS: ₹3.96 (up from ₹2.51 in 1Q 2022). Revenue: ₹3.33b (up 36% from 1Q 2022). Net income: ₹563.4m (up 58% from 1Q 2022). Profit margin: 17% (up from 15% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 13% growth forecast for the industry in India.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₹969, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 25x in the IT industry in India. Total loss to shareholders of 34% over the past year.
お知らせ • Jul 13Happiest Minds Technologies Limited to Report Q1, 2023 Results on Jul 21, 2022Happiest Minds Technologies Limited announced that they will report Q1, 2023 results at 3:30 PM, Indian Standard Time on Jul 21, 2022
Upcoming Dividend • Jun 16Upcoming dividend of ₹2.00 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 30 July 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (1.9%).
Reported Earnings • Jun 08Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: ₹10.9b (up 41% from FY 2021). Net income: ₹1.81b (up 12% from FY 2021). Profit margin: 17% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 23%, compared to a 15% growth forecast for the industry in India.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹972, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 27x in the IT industry in India. Total returns to shareholders of 8.0% over the past year.
Reported Earnings • May 06Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: ₹12.77 (up from ₹11.75 in FY 2021). Revenue: ₹11.3b (up 46% from FY 2021). Net income: ₹1.81b (up 12% from FY 2021). Profit margin: 16% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 12%, compared to a 15% growth forecast for the industry in India.
お知らせ • May 06+ 1 more updateHappiest Minds Technologies Limited Recommends Final Dividend for the Year Ended March 31, 2022Happiest Minds Technologies Limited announced that at its board meeting held on May 05, 2022, the board recommended a final dividend of INR 2/- per equity share of INR 2/- each for the financial year ended March 31, 2022, subject to the approval of the members at the upcoming 11th Annual General Meeting of the company (AGM).
Price Target Changed • Apr 27Price target increased to ₹1,510Up from ₹633, the current price target is provided by 1 analyst. New target price is 51% above last closing price of ₹1,001. Stock is up 51% over the past year. The company is forecast to post earnings per share of ₹12.77 for next year compared to ₹11.75 last year.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Anita Ramachandran was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Apr 23Happiest Minds Technologies Limited to Report Q4, 2022 Results on May 05, 2022Happiest Minds Technologies Limited announced that they will report Q4, 2022 results on May 05, 2022
Reported Earnings • Jan 30Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: ₹3.44 (up from ₹2.98 in 3Q 2021). Revenue: ₹2.92b (up 52% from 3Q 2021). Net income: ₹489.2m (up 16% from 3Q 2021). Profit margin: 17% (down from 22% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 17%, compared to a 17% growth forecast for the industry in India.
Upcoming Dividend • Nov 02Upcoming dividend of ₹1.75 per shareEligible shareholders must have bought the stock before 09 November 2021. Payment date: 26 November 2021. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (1.2%).
Reported Earnings • Oct 29Second quarter 2022 earnings released: EPS ₹3.12 (vs ₹2.51 in 2Q 2021)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹2.65b (up 45% from 2Q 2021). Net income: ₹444.4m (up 30% from 2Q 2021). Profit margin: 17% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses.
Reported Earnings • Jul 30First quarter 2022 earnings released: EPS ₹2.51 (vs ₹3.73 in 1Q 2021)The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: ₹2.45b (up 38% from 1Q 2021). Net income: ₹357.3m (down 29% from 1Q 2021). Profit margin: 15% (down from 28% in 1Q 2021). The decrease in margin was driven by higher expenses.
Reported Earnings • Jun 13Full year 2021 earnings released: EPS ₹11.75 (vs ₹7.05 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹7.73b (up 11% from FY 2020). Net income: ₹1.62b (up 127% from FY 2020). Profit margin: 21% (up from 10% in FY 2020). The increase in margin was primarily driven by higher revenue.
Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₹874, the stock trades at a forward P/E ratio of 69x. Average forward P/E is 26x in the IT industry in India.
Reported Earnings • May 14Full year 2021 earnings released: EPS ₹11.75 (vs ₹7.05 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹7.98b (up 14% from FY 2020). Net income: ₹1.62b (up 127% from FY 2020). Profit margin: 20% (up from 10% in FY 2020). The increase in margin was driven by higher revenue.
お知らせ • May 13Happiest Minds Technologies Limited Recommends Final Dividend for the Financial Year Ended March 31, 2021Happiest Minds Technologies Limited announced that the Board of Directors of the Company at its meeting held on May 12, 2021, recommended a final dividend of INR 3 per equity share of INR 2 each for the financial year ended March 31, 2021, subject to the approval of the members at the upcoming 10th Annual General Meeting of the Company (AGM).
Valuation Update With 7 Day Price Move • May 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹749, the stock trades at a forward P/E ratio of 63x. Average forward P/E is 24x in the IT industry in India.
Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₹618, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 22x in the IT industry in India.
お知らせ • Mar 12Happiest Minds Technologies Partners with Ilantus Technologies to Deliver Next-Gen Identity and Access Management Security ServicesHappiest Minds Technologies Limited has entered into a partnership with Ilantus Technologies to enhance its Identity and Access Management capabilities while supporting customers in their Cybersecurity journey. Happiest Minds has always strived to adapt next-gen technologies like RPA and Blockchain into the Identity and Access Management landscape. This partnership enables Happiest Minds Technologies to manage and safeguard an organization's intellectual property from Identity and Access theft while enhancing their risk and regulatory governance landscape and key use cases include: Privileged Access Management and Threat Analytics; Identity-as-a-Service (IDaaS); IDAM & Privileged IDAM for Bots; RPA- Identity Automation; Cloud Access Management; Passwordless Authentication; Predictive Identity & Access Governance; Risk-based/Adaptive Authentication. The partnership with Ilantus is in line with the vision to strengthen the Identity and Access Management within organizations by leveraging technologies such as Artificial Intelligence and Machine learning to have comprehensive visibility to the vulnerabilities arising from Identity and Access exposure from internal and external factors. As a reseller and partner of Ilantus Technologies, Happiest Minds Technologies is committed to minimizing the risk factor arising from identity and access thefts while improving customer experience.
Valuation Update With 7 Day Price Move • Feb 18Investor sentiment improved over the past weekAfter last week's 36% share price gain to ₹484, the stock is trading at a trailing P/E ratio of 38.5x, up from the previous P/E ratio of 28.4x. This compares to an average P/E of 20x in the IT industry in India.
Is New 90 Day High Low • Feb 12New 90-day high: ₹398The company is up 23% from its price of ₹324 on 14 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 20% over the same period.
お知らせ • Jan 31Happiest Minds Technologies Limited (BSE:543227) agreed to acquire PGS Inc. for $8.3 million.Happiest Minds Technologies Limited (BSE:543227) agreed to acquire PGS Inc. for $8.3 million on January 29, 2021. PGS has a revenue of approximately $10.6 million in 2020. The acquisition is subject to customary closing conditions and is expected to close in the Quarter of March 31, 2021.
お知らせ • Jan 27Happiest Minds Technologies Limited to Report Q3, 2021 Results on Feb 10, 2021Happiest Minds Technologies Limited announced that they will report Q3, 2021 results on Feb 10, 2021
