Happiest Minds Technologies Limited
HMTL is based out of Bengaluru and is incorporated on March 03, 2011. The company is involved in providing services across digital business, infrastructure management and security and product engineering domains. In addition, the company is an author...
Key Metrics
EPS
16.63
Current ratio
3.14
Debt/Equity
0.43
Debt/EBITDA
1.46
Interest coverage ratio
8.92
Operating Cashflow to total debt
0.33
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Strong promoter supported by experienced leadership
Improving operations with stable profit margins
Pre-eminent business profile
Healthy financial profile with strong coverage indicators
Liquidity: Superior
Cons
Regulatory challenges in various geographies, stiff competition from IT majors
Exposure to workforce attrition
Currency risk exposure
Competitive pricing challenges stemming from intense rivalry with domestic and global IT giants
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About Happiest Minds Technologies Limited bond.
This comprehensive profile covers key factual information about Happiest Minds Technologies Limited. HMTL is based out of Bengaluru and is incorporated on March 03, 2011. The company is involved in providing services across digital business, infrastructure management and security and product engineering domains. In addition, the company is an authorised partner with global information technology players to deploy their services to the end customers and create custom solutions as per the business requirements. Founded by Ashok Soota, executive chairman for the company, who is also the majority shareholder (holds 39.45% on individual basis and 11.79% through Ashok Soota Medical Research LLP) is well-recognised personnel in the IT eco-system. EPS in Mar-2024 was 16.63. Current ratio in Mar-2024 was 3.14. Debt/Equity in Mar-2024 was 0.43. Debt/EBITDA in Mar-2024 was 1.46. Interest coverage ratio in Mar-2024 was 8.92. Operating Cashflow to total debt in Mar-2024 was 0.33. Total revenue for March-2024 was ₹1,726.09. Net income for March-2024 stood at ₹248.39. Total assets as of Mar-2024 were ₹2,234.76. Operating cash flow for Mar-2024 was ₹212.56. The company’s borrowing relationships include Federal Bank (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Citi Bank (₹N/A Cr), Federal Bank (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), RBL Bank Limited (₹N/A Cr). Peers and comparison entities consist of Happiest Minds Technologies Limited, Tata Consultancy Services Limited, Infosys Limited, HCL Technologies Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strong promoter supported by experienced leadership; Improving operations with stable profit margins; Pre-eminent business profile; Healthy financial profile with strong coverage indicators; Liquidity: Superior. Key risks include: Regulatory challenges in various geographies, stiff competition from IT majors; Exposure to workforce attrition; Currency risk exposure; Competitive pricing challenges stemming from intense rivalry with domestic and global IT giants. Leadership team details include Anita Ramachandran (Independent Director), Ashok Soota (Executive Chairman), Joseph Anantharaju (Executive Vice Chairman & CEO), Praveen Kumar Darshankar (Company Secretary & Compliance Officer), Rajendra Kumar Srivastava (Independent Director), Shubha Rao Mayya (Independent Director), Venkatraman Narayanan (Managing Director & CFO). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.