Happiest Minds Technologies Limited (NSE: HAPPSTMNDS) is a multinational IT services company headquartered in Bangalore, India. The company was founded in 2011 by Ashok Soota, a former CEO of Mindtree.
Happiest Minds provides IT services to various industries, including automotive, banking, financial services and insurance (BFSI), consumer packaged goods (CPG), e-commerce, education technology (edutech), engineering research and development (R&D), high technology (hi-tech), manufacturing, retail, and travel/transportation/hospitality.
Happiest Minds Overview
| Feature | Description |
|---|---|
| Company Name | Happiest Minds Technologies Limited |
| Headquarters | Bangalore, India |
| Founded | 2011 |
| Founder | Ashok Soota |
| Industries Served | Automotive, BFSI, CPG, E-commerce, Edutech, Engineering R&D, Hi-tech, Manufacturing, Retail, Travel/Transportation/Hospitality |
| Certifications | Great Place to Work® Certified |
| Wellness Focus | Seven Ws of wellness: physical, spiritual, intellectual, professional, social, emotional, and environmental |
| Employee Benefits | Flexible work arrangements, comprehensive benefits package, strong emphasis on career development |
| Sustainability Initiatives | Zero-waste-to-landfill policy, energy-saving measures, Green Grid membership |
Happiest Minds Products
| Industry | Products and Services |
|---|---|
| Automotive | Connected car solutions, autonomous driving solutions, electric vehicle solutions |
| BFSI | Digital banking solutions, regulatory compliance solutions, risk management solutions |
| CPG | Supply chain management solutions, demand forecasting solutions, product lifecycle management solutions |
| E-commerce | E-commerce platform development, e-commerce marketing solutions, e-commerce analytics |
| Edutech | Learning management systems, adaptive learning solutions, gamification solutions |
| Engineering R&D | Product development services, engineering simulation solutions, data analytics solutions |
| Hi-tech | Network virtualization solutions, cloud computing solutions, cybersecurity solutions |
| Manufacturing | Manufacturing execution systems, industrial automation solutions, predictive maintenance solutions |
| Retail | Omnichannel retailing solutions, customer relationship management solutions, data analytics solutions |
| Travel/Transportation/Hospitality | Travel booking solutions, itinerary management solutions, customer experience management solutions |
Happiest Minds Awards and Recognition
| Year | Award | Category |
|---|---|---|
| 2023 | Trailblazers of 2023 | APAC IBM Partner Plus Awards |
| 2022 | Golden Peacock Award for Excellence in Corporate Governance | Corporate Governance |
| 2022 | McAfee Partner Award for Excellence | Partner Excellence |
| 2022 | ICAI Award for Excellence in Financial Reporting 2021-22 | Financial Reporting |
| 2021 | Golden Peacock Business Excellence Award | Business Excellence |
| 2021 | India’s Top 15 Best Workplaces in Health and Wellness | Health and Wellness |
| 2021 | India’s Top 10 for COVID Care | COVID Care |
| 2021 | India’s Top 25 Best Workplaces in IT & IT-BPM | IT & IT-BPM |
| 2021 | India’s Top 50 Best Workplaces for Women | Best Workplaces for Women |
| 2021 | Asia’s Best Workplaces | Best Workplaces in Asia |
| 2021 | India’s Best Companies to Work For | Best Companies to Work For in India |
Happiest Minds Fundamentals
| Feature | Description |
|---|---|
| Market Capitalization | ₹10,388.04 crore (US$1.4 billion) |
| Revenue | ₹2,256.8 crore (US$307.1 million) (FY2023) |
| EBITDA | ₹393.4 crore (US$53.7 million) (FY2023) |
| EPS | ₹50.7 (US$0.69) (FY2023) |
| P/E Ratio | 20.5 |
| P/B Ratio | 3.4 |
| Dividend Yield | N/A |
| Debt/Equity Ratio | 0.2 |
| Book Value | ₹148.3 |
| Face Value | ₹10 |
| ROE | 16.4% (FY2023) |
Happiest Minds Revenue and Net Profit
| Year | Revenue (₹ crore) | Net Profit (₹ crore) |
|---|---|---|
| 2023 | 2,256.8 | 243.5 |
| 2022 | 2,033.1 | 218.9 |
| 2021 | 1,638.2 | 194.4 |
| 2020 | 1,258.1 | 159.1 |
| 2019 | 1,008.1 | 127.8 |
Happiest Minds Shareholding Patterns
| Category | Nos. of shareholders | Shareholding (%) |
|---|---|---|
| Promoter and Promoter Group | 58 | 51.35% |
| FII | 336 | 19.45% |
| DII | 1,556 | 7.21% |
| Mutual Funds | 292 | 5.14% |
| Others | 24,370 | 17.09% |
Happiest Minds Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Share Price Target (₹) |
|---|---|
| 2024 | 1,250-1,310 |
| 2025 | 1,600-1,650 |
| 2026 | 1,700-1,728 |
| 2027 | 1,800-1,850 |
| 2028 | 1,900-1,950 |
Happiest Minds Share Price Target for 2024
The average share price target for Happiest Minds Technologies for 2024 is between ₹1,250 and ₹1,310.
Happiest Minds Share Price Target for 2025
The share price target for Happiest Minds Technologies for 2025 is expected to be in the range of ₹1,600 to ₹1,
Happiest Minds Share Price Target for 2026
Analysts predict that Happiest Minds Technologies’ share price target for 2026 will range between ₹1,700 and ₹1,728.
Happiest Minds Share Price Target for 2027
Analysts predict that Happiest Minds Technologies’ share price target for 2027 could reach between ₹1,800 and ₹1,850.
Happiest Minds Share Price Target for 2028
Analysts predict that Happiest Minds Technologies’ share price target for 2028 could reach between ₹1,900 and ₹1,950.
Happiest Minds Dividend History
| Year | Record Date | Dividend per Share (₹) | Dividend Yield (%) |
|---|---|---|---|
| 2023 | October 29, 2023 | 2.50 (Interim Dividend) | 0.30% |
| 2023 | May 07, 2023 | 3.40 (Final Dividend) | 0.41% |
| 2022 | November 02, 2022 | 2.00 (Interim Dividend) | 0.24% |
| 2022 | May 04, 2022 | 2.00 (Final Dividend) | 0.24% |
| 2021 | November 01, 2021 | 2.00 (Interim Dividend) | 0.24% |
| 2021 | May 04, 2021 | 2.00 (Final Dividend) | 0.24% |
| 2020 | October 31, 2020 | 1.50 (Interim Dividend) | 0.18% |
| 2020 | April 30, 2020 | 2.00 (Final Dividend) | 0.24% |
| 2019 | October 31, 2019 | 1.50 (Interim Dividend) | 0.15% |
| 2019 | April 30, 2019 | 2.00 (Final Dividend) | 0.20% |
Future Outlook of Happiest Minds
The company is well-positioned to benefit from several key growth drivers, including:
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The growing demand for digital transformation services: Businesses of all sizes are increasingly investing in digital transformation to improve their efficiency, productivity, and customer experience. Happiest Minds is well-positioned to capitalize on this trend by providing a wide range of digital transformation services, including cloud computing, data analytics, and cybersecurity.
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The expansion of the IT services market in India: India is one of the fastest-growing IT services markets in the world. Happiest Minds is well-positioned to benefit from this growth by expanding its presence in India and attracting new clients from industries such as automotive, BFSI, and retail.
-
The company’s strong focus on innovation: Happiest Minds is committed to innovation and invests heavily in developing new technologies and solutions. This focus on innovation helps the company stay ahead of the competition and attract new clients.
-
The company’s strong financial position: Happiest Minds has a strong financial position with a low debt-to-equity ratio. This strong financial position gives the company the flexibility to invest in growth initiatives and make strategic acquisitions.
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Risks Associated With Investing in Happiest Minds
| Risk | Description | Mitigation Strategy |
|---|---|---|
| Economic slowdown | A global or Indian economic slowdown could reduce demand for IT services, which could negatively impact Happiest Minds’ revenue and profitability. | Diversify client base across industries and geographies to reduce reliance on any single sector or market. |
| Increased competition | The IT services industry is highly competitive, and new entrants could emerge to challenge Happiest Minds’ market share. | Focus on innovation and differentiation to maintain a competitive advantage. |
| Technological disruption | Rapid technological advancements could make Happiest Minds’ existing products and services obsolete. | Invest in research and development to stay ahead of the curve and develop new innovative products and services. |
| Execution risk | Happiest Minds’ growth strategy may not be executed successfully. | Strengthen management team and implement robust project management processes to ensure successful execution of growth initiatives. |
| Regulatory changes | Changes in government regulations could increase Happiest Minds’ costs or limit its ability to operate in certain markets. | Stay up-to-date on regulatory changes and proactively comply with all applicable regulations. |
Happiest Minds Competitors
| Competitor | Industry | Headquarters | Revenue (₹ crore) 2023 | Market Capitalization (₹ crore) 2023 |
|---|---|---|---|---|
| Tata Consultancy Services | IT Services | Mumbai, India | 1,90,910 | 13,12,322 |
| Infosys | IT Services | Bangalore, India | 1,29,020 | 8,10,481 |
| Wipro | IT Services | Bangalore, India | 79,916 | 4,80,412 |
| HCL Technologies | IT Services | Noida, India | 80,081 | 5,14,041 |
| Tech Mahindra | IT Services | Pune, India | 52,654 | 2,86,517 |
| L&T Infotech | IT Services | Mumbai, India | 14,149 | 71,651 |
| Coforge | IT Services | Noida, India | 22,363 | 1,24,505 |
| Cyient | IT Services | Hyderabad, India | 15,786 | 1,09,606 |
| Intellect Design Arena | IT Services | Chennai, India | 6,924 | 53,303 |
| KPIT Technologies | IT Services | Pune, India | 8,181 | 46,635 |
| Zensar Technologies | IT Services | Pune, India | 7,261 | 45,467 |
Happiest Minds Share Price FAQs
Q: What is the Happiest Minds share price target for 2024?
A: The average share price target for Happiest Minds Technologies for 2024 is between ₹1,250 and ₹1,310. This target is based on the company’s strong track record of growth, its healthy financial position, and its positive outlook for the future.
Q: What is the Happiest Minds share price target for 2025?
A: The share price target for Happiest Minds Technologies for 2025 is expected to be in the range of ₹1,600 to ₹1,650. This target is based on the company’s strong fundamentals, its positive outlook, and the expected growth of the IT services industry in India.
Q: What is the Happiest Minds share price target for 2026?
A: Analysts predict that Happiest Minds Technologies’ share price target for 2026 will range between ₹1,700 and ₹1,728. This prediction is based on the company’s strong financial position, its expanding clientele, its focus on innovation, its expansion plans, and its attractive valuations.
Q: What is the Happiest Minds share price target for 2027?
A: Analysts predict that Happiest Minds Technologies’ share price target for 2027 could reach between ₹1,800 and ₹1,850. This projection is based on the company’s robust financial performance, its expanding clientele, its focus on innovation, its global expansion strategy, and its attractive valuations.
Q: What is the Happiest Minds share price target for 2028?
A: Analysts predict that Happiest Minds Technologies’ share price target for 2028 could reach between ₹1,900 and ₹1,950. This projection is based on the company’s consistent financial growth, its expanding clientele, its focus on innovation, its global expansion strategy,
DISCLAMER: We are not SEBI registered. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
