Happiest Minds Technologies Ltd
Next 500 2024
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OVERVIEW
FINANCIALS
About
Happiest Minds Technologies Limited is an IT services company in India, focusing on delivering digital transformation and technology solutions to clients globally. The company's services include digital business services, product engineering, infrastructure management, and security services. Happiest Minds' emphasis on innovation and customer-centric solutions has positioned it as a notable player in the IT industry.
Featured In Fortune India Ranking
Next 500 India
#418(2024)#358(2023)#349(2022)#400(2021)
#418(2024)#358(2023)#349(2022)#400(2021)
Ranking Trend Fortune Next 500 India
Financial Data 2024
Revenue
1,726
(INR Cr)
Net Operating Income
1,627
(INR Cr)
Assets
2,030
(INR Cr)
Profit
248
(INR Cr)
Net Worth
1,480
(INR Cr)
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1726 18.9% | 1452 28.4% | 1131 41.8% | 798 11.7% | 714 18.7% | 602 30.8% | 460 3.2% | 446 27.0% | 351 27.1% | 276 55.2% | 178 137.8% | 75 857.0% | 8 - |
| Net Operating Income (INR Cr) | 1627 13.69% | 1431 30.83% | 1094 41.41% | 773 10.77% | 698 18.27% | 590 0.00% | 444 2.99% | 431 26.27% | 341 26.51% | 270 57.83% | 171 148.85% | 69 778.01% | 8 0.00% |
| Profit (INR Cr) | 248 7.5% | 231 27.5% | 181 11.5% | 162 126.6% | 72 404.6% | 14 - | -13 - | 4 -22.2% | 5 - | -26 - | -66 - | -47 - | -29 - |
| Assets (INR Cr) | 2030 43.2% | 1417 49.6% | 947 21.4% | 780 99.1% | 392 505.3% | 65 -78.6% | 303 14.8% | 264 58.5% | 166 20.9% | 138 24.4% | 111 104.2% | 54 -43.7% | 96 - |
| Net Worth (INR Cr) | 1480 76.5% | 839 26.0% | 666 21.9% | 546 138.5% | 229 359.2% | -88 0.0% | 151 -7.5% | 163 77.8% | 92 8.4% | 84 23.6% | 68 112.3% | 32 -59.3% | 79 0.0% |
| Employee Cost (INR Cr) | 1015 25.8% | 807 30.1% | 620 37.1% | 452 2.5% | 441 14.6% | 385 13.0% | 341 11.6% | 305 28.9% | 237 30.6% | 181 - | 0 - | 0 - | 0 - |
| Interest Cost (INR Cr) | 42 | 22 | 10 | 6 | 8 | 16 | 6 | 2 | 1 | 1 | 1 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 1337 | 692 | 168 | 145 | 190 | 26 | 15 | 7 | 14 | 8 | 3 | 4 | 4 |
| Total Debt (INR Cr) | 512 | 534 | 250 | 193 | 114 | 121 | 97 | 54 | 36 | 13 | 7 | 3 | 0 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 14.4% | 15.9% | 16.0% | 20.4% | 10.0% | 2.4% | - | 1.0% | 1.6% | - | - | - | - |
| Profit As % Of Assets | 12.2% | 16.3% | 19.1% | 20.8% | 18.3% | 22.0% | - | 1.6% | 3.3% | - | - | - | - |
| Profit As % Of Networth | 16.8% | 27.5% | 27.2% | 29.8% | 31.3% | - | - | 2.6% | 6.0% | - | - | - | - |
| Interest Cost to EBITDA % | 12.6% | 6.2% | 4.0% | 3.4% | 9.3% | 37.7% | - | 310.0% | 63.4% | - | - | - | - |
| Debt to Equity Ratio | 0.35 | 0.64 | 0.38 | 0.35 | 0.50 | - | 0.64 | 0.33 | 0.40 | 0.16 | 0.11 | 0.08 | - |
| RONW | 21.4% | 30.7% | 29.9% | 39.1% | 34.3% | - | - | -1.6% | -0.1% | - | - | - | - |
| ROCE | 21.9% | 28.1% | 29.6% | 31.4% | 23.3% | 11.8% | 0.0% | -0.6% | 0.5% | 0.0% | 0.0% | 0.0% | -30.5% |