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13 Dec 2025 |
Happiest Minds
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Consensus Share Price Target
|
490.50 |
618.29 |
- |
26.05 |
buy
|
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17 Aug 2023
|
Happiest Minds
|
Geojit BNP Paribas
|
490.50
|
800.00
|
897.00
(-45.32%)
|
Target met |
Sell
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10 Aug 2023
|
Happiest Minds
|
ICICI Securities Limited
|
490.50
|
929.00
|
923.85
(-46.91%)
|
Target met |
Hold
|
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Happiest minds (HM) reported 3.6% QoQ USD, 3.5% QoQ CC, revenue growth, slightly lower than our estimate of 4% QoQ CC. On a YoY basis, growth was 12.7% YoY USD (7% organic). EBIT margin came in at 19.2% (-175bps QoQ), below our estimate of 21.1% due to higher employee costs attributable to slight increase in onsite employee mix and campus joinee related costs.
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08 Jun 2023
|
Happiest Minds
|
Hem Securities
|
490.50
|
1050.00
|
913.45
(-46.30%)
|
|
Buy
|
|
|
|
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30 May 2023
|
Happiest Minds
|
ICICI Securities Limited
|
490.50
|
1038.00
|
889.75
(-44.87%)
|
|
Buy
|
|
|
As per HM management, the areas on which HM is working for its clients are non discretionary in nature. HM is working on core part of clients’ technology which the clients use to deliver their services or engage with their customers, or provide services
to their employees.
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12 May 2023
|
Happiest Minds
|
Geojit BNP Paribas
|
490.50
|
907.00
|
855.55
(-42.67%)
|
Target met |
Hold
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|
|
|
|
15 Aug 2022
|
Happiest Minds
|
ICICI Securities Limited
|
490.50
|
1075.00
|
979.25
(-49.91%)
|
Target met |
Accumulate
|
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We initiate coverage on Happiest Minds Technologies (HAPPSTMNDS) and assign an
ADD rating with a DCF-based target price of Rs1,075, assuming 25% revenue CAGR over FY22-FY32E, 20% EBIT margin, terminal growth rate of 6.5% and WACC of 11.5%.
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21 Sep 2020
|
Happiest Minds
|
Geojit BNP Paribas
|
490.50
|
0.00
|
363.40
(34.98%)
|
|
IPO Note
|
|
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Happiest Minds Technologies Ltd (HMTL) incorporated in 2011, is a Bangalore based IT service provider, which provides end-to-end solutions in the digital space. As of June 30, 2020, HMTL had 148 active customers and presence in countries like US, UK, Australia, Canada and the Middle East. The experienced Ashok Soota, who is the Promoter, Executive Chairman and...
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07 Sep 2020
|
Happiest Minds
|
Prabhudas Lilladhar
|
490.50
|
|
|
|
IPO Note
|
|
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improved from -9% in FY18 to 11% in FY20 and 18.5% in 1QFY21. FCF/EBITDA stood at ~80% in FY20 with the company generating RoE of 31.3% in FY20. The total issue size of the IPO is Rs7bn (upper end of price band) with fresh issue of 4.7% (6.65mn shares) aggregating up to Rs1.1bn and an OFS of up...
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07 Sep 2020
|
Happiest Minds
|
Ashika Research
|
490.50
|
|
|
|
IPO Note
|
|
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Rs. 2 each, (Comprising of fresh issue of 6,626,506 Equity Shares* (Rs. 110 cr.) and Offer for Sale of 35,663,585 Equity Shares (Rs. 592.02 cr.*) by Selling...
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05 Sep 2020
|
Happiest Minds
|
Angel Broking
|
490.50
|
|
|
|
IPO Subscribe
|
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Happiest mind is a small sized IT services company promoted by Mr. Ashok Soota who was one of the founding members of Mindtree Ltd. Happiest Mind is uniquely positioned as derived 96.6% of its revenues in FY2020 from digital services that are expected to be the fastest growing segment in the IT sector. The company
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