Happiest Minds Technologies Limited

BSE:543227 Stock Report

Market Cap: ₹107.6b

Happiest Minds Technologies Valuation

Is 543227 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 543227 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 543227 (₹721.6) is trading above our estimate of fair value (₹345.15)

Significantly Below Fair Value: 543227 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 543227?

Key metric: As 543227 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 543227. This is calculated by dividing 543227's market cap by their current earnings.
What is 543227's PE Ratio?
PE Ratio46.4x
Earnings₹2.32b
Market Cap₹107.57b

Price to Earnings Ratio vs Peers

How does 543227's PE Ratio compare to its peers?

The above table shows the PE ratio for 543227 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average42.2x
MASTEK Mastek
27.1x13.4%₹98.6b
SONATSOFTW Sonata Software
55.1x31.3%₹149.1b
500463 Black Box
56.2xn/a₹99.0b
532175 Cyient
30.3x17.3%₹197.2b
543227 Happiest Minds Technologies
46.4x24.8%₹107.6b

Price-To-Earnings vs Peers: 543227 is expensive based on its Price-To-Earnings Ratio (46.4x) compared to the peer average (42.2x).

Price to Earnings Ratio vs Industry

How does 543227's PE Ratio compare vs other companies in the IN IT Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GTL GTL
1.1xn/aUS$21.95m
517429 Athena Global Technologies
0.6xn/aUS$15.50m
509040 Netlink Solutions (India)
3.2xn/aUS$5.13m
512341 CES
0.05xn/aUS$130.33k
No more companies available in this PE range
543227 46.4xIndustry Avg. 34.5xNo. of Companies18PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 543227 is expensive based on its Price-To-Earnings Ratio (46.4x) compared to the Indian IT industry average (34.5x).

Price to Earnings Ratio vs Fair Ratio

What is 543227's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

543227 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio46.4x
Fair PE Ratio37.2x

Price-To-Earnings vs Fair Ratio: 543227 is expensive based on its Price-To-Earnings Ratio (46.4x) compared to the estimated Fair Price-To-Earnings Ratio (37.2x).

Analyst Price Targets

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

The above table shows the analyst 543227 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹721.60
₹809.67
+12.2%
6.5%₹872.00₹710.00n/a6
Nov ’25₹769.35
₹852.17
+10.8%
7.8%₹975.00₹750.00n/a6
Oct ’25₹806.05
₹852.17
+5.7%
7.8%₹975.00₹750.00n/a6
Sep ’25₹810.30
₹833.00
+2.8%
4.7%₹872.00₹750.00n/a6
Aug ’25₹812.40
₹879.33
+8.2%
2.8%₹905.00₹830.00n/a6
Jul ’25₹832.85
₹879.33
+5.6%
2.8%₹905.00₹830.00n/a6
Jun ’25₹788.95
₹881.83
+11.8%
1.4%₹905.00₹870.00n/a6
May ’25₹814.15
₹897.67
+10.3%
8.8%₹1,040.00₹800.00n/a6
Apr ’25₹798.15
₹911.00
+14.1%
8.5%₹1,040.00₹800.00n/a6
Mar ’25₹848.15
₹911.00
+7.4%
8.5%₹1,040.00₹800.00n/a6
Feb ’25₹863.55
₹905.75
+4.9%
10.4%₹1,040.00₹800.00n/a4
Jan ’25₹904.40
₹909.25
+0.5%
10.8%₹1,062.00₹800.00n/a4
Dec ’24₹837.90
₹897.25
+7.1%
11.9%₹1,062.00₹800.00n/a4
Nov ’24₹811.50
₹897.25
+10.6%
11.9%₹1,062.00₹800.00₹769.354
Oct ’24₹873.95
₹1,002.25
+14.7%
13.0%₹1,158.00₹800.00₹806.054
Sep ’24₹924.60
₹1,002.25
+8.4%
13.0%₹1,158.00₹800.00₹810.304
Aug ’24₹930.55
₹1,087.67
+16.9%
6.0%₹1,158.00₹1,001.00₹812.403
Jul ’24₹978.20
₹1,098.33
+12.3%
7.0%₹1,190.00₹1,001.00₹832.853
Jun ’24₹916.40
₹1,110.67
+21.2%
5.6%₹1,190.00₹1,038.00₹788.953
May ’24₹822.40
₹1,131.00
+37.5%
2.4%₹1,158.00₹1,104.00₹814.152
Apr ’24₹767.80
₹1,131.50
+47.4%
2.4%₹1,159.00₹1,104.00₹798.152
Mar ’24₹857.15
₹1,112.33
+29.8%
3.1%₹1,158.00₹1,075.00₹848.153
Feb ’24₹834.00
₹1,112.33
+33.4%
3.1%₹1,158.00₹1,075.00₹863.553
Jan ’24₹880.60
₹1,132.33
+28.6%
3.6%₹1,164.00₹1,075.00₹904.403
Dec ’23₹979.90
₹1,132.33
+15.6%
3.6%₹1,164.00₹1,075.00₹837.903
Nov ’23₹977.55
₹1,132.33
+15.8%
3.6%₹1,164.00₹1,075.00₹811.503

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

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