Happiest Minds Technologies Limited

BSE:543227 Stock Report

Mkt Cap: ₹123.4b

We’ve recently updated our valuation analysis.

Happiest Minds Technologies Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

543227 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue9.1x
Enterprise Value/EBITDA39.2x
PEG Ratio3.1x

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.
CompanyPEEstimated GrowthMarket Cap
Peer Average27x
SONATSOFTW Sonata Software
19.7x12.4%₹86.5b
COFORGE Coforge
33.2x16.9%₹264.1b
MASTEK Mastek
16.7x19.4%₹49.8b
PERSISTENT Persistent Systems
38.4x19.8%₹334.3b
543227 Happiest Minds Technologies
54.7x17.9%₹125.4b

Price-To-Earnings vs Peers: 543227 is expensive based on its Price-To-Earnings Ratio (54.7x) compared to the peer average (27x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.5%
n/an/an/a

Price-To-Earnings vs Industry: 543227 is expensive based on its Price-To-Earnings Ratio (54.7x) compared to the Indian IT industry average (27.1x)


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 Ratio54.7x
Fair PE Ratio25.2x

Price-To-Earnings vs Fair Ratio: 543227 is expensive based on its Price-To-Earnings Ratio (54.7x) compared to the estimated Fair Price-To-Earnings Ratio (25.2x).


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 (₹861.8) is trading above our estimate of fair value (₹222.22)

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


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₹861.80
₹1,112.33
+29.1%
3.1%₹1,158.00₹1,075.00n/a3
Jan ’24₹880.60
₹1,132.33
+28.6%
3.6%₹1,164.00₹1,075.00n/a3
Dec ’23₹979.90
₹1,132.33
+15.6%
3.6%₹1,164.00₹1,075.00n/a3
Nov ’23₹977.55
₹1,132.33
+15.8%
3.6%₹1,164.00₹1,075.00n/a3
Oct ’23₹992.95
₹1,106.00
+11.4%
3.3%₹1,158.00₹1,075.00n/a3
Sep ’23₹1,031.10
₹1,106.00
+7.3%
3.3%₹1,158.00₹1,075.00n/a3
Aug ’23₹974.15
₹1,192.50
+22.4%
9.0%₹1,300.00₹1,085.00n/a2
Jul ’23₹815.65
₹1,162.50
+42.5%
11.8%₹1,300.00₹1,025.00n/a2
Jun ’23₹991.65
₹1,162.50
+17.2%
11.8%₹1,300.00₹1,025.00n/a2
May ’23₹1,000.15
₹1,510.00
+51.0%
0%₹1,510.00₹1,510.00n/a1
Apr ’23₹1,086.75
₹1,510.00
+38.9%
0%₹1,510.00₹1,510.00n/a1
Mar ’23₹979.55
₹1,510.00
+54.2%
0%₹1,510.00₹1,510.00n/a1
Feb ’23₹1,154.80
₹1,510.00
+30.8%
0%₹1,510.00₹1,510.00n/a1
Jan ’23₹1,296.35
₹1,510.00
+16.5%
0%₹1,510.00₹1,510.00₹880.601
Dec ’22₹1,212.15
₹1,510.00
+24.6%
0%₹1,510.00₹1,510.00₹979.901
Nov ’22₹1,261.00
₹1,510.00
+19.7%
0%₹1,510.00₹1,510.00₹977.551
Oct ’22₹1,375.95
₹1,510.00
+9.7%
0%₹1,510.00₹1,510.00₹992.951
Sep ’22₹1,417.30
₹1,155.00
-18.5%
30.7%₹1,510.00₹800.00₹1,031.102
Aug ’22₹1,361.65
₹632.50
-53.5%
26.5%₹800.00₹465.00₹974.152
Jul ’22₹1,139.20
₹547.50
-51.9%
15.1%₹630.00₹465.00₹815.652
Jun ’22₹844.05
₹547.50
-35.1%
15.1%₹630.00₹465.00₹991.652
May ’22₹723.80
₹472.50
-34.7%
1.6%₹480.00₹465.00₹1,000.152
Apr ’22₹594.15
₹472.50
-20.5%
1.6%₹480.00₹465.00₹1,086.752
Mar ’22₹527.20
₹472.50
-10.4%
1.6%₹480.00₹465.00₹979.552
Feb ’22₹345.20
₹385.00
+11.5%
0%₹385.00₹385.00₹1,154.801

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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