Happiest Minds Technologies Limited (HAPPSTMNDS) - Net Assets
Based on the latest financial reports, Happiest Minds Technologies Limited (HAPPSTMNDS) has net assets worth Rs16.35 Billion INR (≈ $176.84 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs34.36 Billion ≈ $371.54 Million USD) and total liabilities (Rs18.00 Billion ≈ $194.71 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore balance sheet size of Happiest Minds Technologies Limited for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs16.35 Billion |
| % of Total Assets | 47.6% |
| Annual Growth Rate | 33.65% |
| 5-Year Change | 188.39% |
| 10-Year Change | 1151.65% |
| Growth Volatility | 69.92 |
Happiest Minds Technologies Limited - Net Assets Trend (2013–2025)
This chart illustrates how Happiest Minds Technologies Limited's net assets have evolved over time, based on quarterly financial data. Check HAPPSTMNDS tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Happiest Minds Technologies Limited (2013–2025)
The table below shows the annual net assets of Happiest Minds Technologies Limited from 2013 to 2025. For live valuation and market cap data, see Happiest Minds Technologies Limited (HAPPSTMNDS) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs15.75 Billion ≈ $170.28 Million |
+6.37% |
| 2024-03-31 | Rs14.80 Billion ≈ $160.08 Million |
+76.47% |
| 2023-03-31 | Rs8.39 Billion ≈ $90.72 Million |
+25.99% |
| 2022-03-31 | Rs6.66 Billion ≈ $72.00 Million |
+21.94% |
| 2021-03-31 | Rs5.46 Billion ≈ $59.05 Million |
+105.79% |
| 2020-03-31 | Rs2.65 Billion ≈ $28.69 Million |
+501.68% |
| 2019-03-31 | Rs-660.50 Million ≈ $-7.14 Million |
+39.34% |
| 2018-03-31 | Rs-1.09 Billion ≈ $-11.77 Million |
-153.39% |
| 2017-03-31 | Rs2.04 Billion ≈ $22.06 Million |
+62.12% |
| 2016-03-31 | Rs1.26 Billion ≈ $13.60 Million |
+5.97% |
| 2015-03-31 | Rs1.19 Billion ≈ $12.84 Million |
+21.51% |
| 2014-03-31 | Rs976.95 Million ≈ $10.57 Million |
+101.46% |
| 2013-03-31 | Rs484.94 Million ≈ $5.24 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Happiest Minds Technologies Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 721434435800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs6.45 Billion | 40.96% |
| Common Stock | Rs300.10 Million | 1.91% |
| Other Comprehensive Income | Rs-61.20 Million | -0.39% |
| Other Components | Rs9.06 Billion | 57.53% |
| Total Equity | Rs15.75 Billion | 100.00% |
Happiest Minds Technologies Limited Competitors by Market Cap
The table below lists competitors of Happiest Minds Technologies Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ceepower Co Ltd
SHE:300062
|
$624.06 Million |
|
Shandong Longhua New Material Co. Ltd.
SHE:301149
|
$624.13 Million |
|
Klaveness Combination Carriers ASA
OL:KCC
|
$624.19 Million |
|
AMN Healthcare Services Inc
NYSE:AMN
|
$624.22 Million |
|
Lao Feng Xiang Co Ltd B
SHG:900905
|
$623.79 Million |
|
CTO Realty Growth Inc
NYSE:CTO
|
$623.55 Million |
|
Chengdu Xinzhu Road&Bridge Machinery Co Ltd
SHE:002480
|
$623.55 Million |
|
Performant Healthcare, Inc
NASDAQ:PHLT
|
$623.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Happiest Minds Technologies Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,802,400,000 to 15,745,800,000, a change of 943,400,000 (6.4%).
- Net income of 1,846,600,000 contributed positively to equity growth.
- Dividend payments of 858,800,000 reduced retained earnings.
- New share issuances of 18,500,000 increased equity.
- Other comprehensive income decreased equity by 28,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.85 Billion | +11.73% |
| Dividends Paid | Rs858.80 Million | -5.45% |
| Share Issuances | Rs18.50 Million | +0.12% |
| Other Comprehensive Income | Rs-28.90 Million | -0.18% |
| Other Changes | Rs-34.00 Million | -0.22% |
| Total Change | Rs- | 6.37% |
Book Value vs Market Value Analysis
This analysis compares Happiest Minds Technologies Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.67x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 18.84x to 3.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | Rs20.39 | Rs384.00 | x |
| 2014-03-31 | Rs34.33 | Rs384.00 | x |
| 2015-03-31 | Rs40.77 | Rs384.00 | x |
| 2016-03-31 | Rs10.44 | Rs384.00 | x |
| 2017-03-31 | Rs15.55 | Rs384.00 | x |
| 2018-03-31 | Rs-7.41 | Rs384.00 | x |
| 2019-03-31 | Rs-4.50 | Rs384.00 | x |
| 2020-03-31 | Rs19.85 | Rs384.00 | x |
| 2021-03-31 | Rs38.48 | Rs384.00 | x |
| 2022-03-31 | Rs46.10 | Rs384.00 | x |
| 2023-03-31 | Rs58.15 | Rs384.00 | x |
| 2024-03-31 | Rs99.70 | Rs384.00 | x |
| 2025-03-31 | Rs104.54 | Rs384.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Happiest Minds Technologies Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.96%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.13x
- Recent ROE (11.73%) is above the historical average (-3.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -97.39% | -68.79% | 0.89x | 1.60x | Rs-520.78 Million |
| 2014 | -67.81% | -38.77% | 1.22x | 1.44x | Rs-760.16 Million |
| 2015 | -22.01% | -9.69% | 1.49x | 1.53x | Rs-379.95 Million |
| 2016 | 4.33% | 1.60% | 1.60x | 1.70x | Rs-71.30 Million |
| 2017 | 2.08% | 0.98% | 1.38x | 1.53x | Rs-161.55 Million |
| 2018 | 0.00% | -4.85% | 1.20x | 0.00x | Rs-115.82 Million |
| 2019 | 0.00% | 2.41% | 1.43x | 0.00x | Rs208.15 Million |
| 2020 | 27.03% | 10.27% | 1.37x | 1.92x | Rs451.79 Million |
| 2021 | 29.76% | 21.01% | 0.84x | 1.69x | Rs1.08 Billion |
| 2022 | 27.22% | 16.57% | 0.97x | 1.69x | Rs1.15 Billion |
| 2023 | 27.54% | 16.16% | 0.87x | 1.96x | Rs1.47 Billion |
| 2024 | 16.78% | 15.29% | 0.72x | 1.52x | Rs1.00 Billion |
| 2025 | 11.73% | 8.96% | 0.61x | 2.13x | Rs272.02 Million |
Industry Comparison
This section compares Happiest Minds Technologies Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,837,400,970
- Average return on equity (ROE) among peers: 17.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Happiest Minds Technologies Limited (HAPPSTMNDS) | Rs16.35 Billion | -97.39% | 1.10x | $623.88 Million |
| AAA Technologies Limited (AAATECH) | $239.64 Million | 9.76% | 0.16x | $12.57 Million |
| Accelya Solutions India Limited (ACCELYA) | $2.83 Billion | 33.18% | 0.45x | $184.33 Million |
| Adroit Infotech Limited (ADROITINFO) | $198.50 Million | 19.06% | 0.72x | $5.85 Million |
| Airan Limited (AIRAN) | $150.44 Million | 4.62% | 0.29x | $20.32 Million |
| Alankit Limited (ALANKIT) | $983.72 Million | 10.04% | 0.68x | $22.79 Million |
| Bartronics India Limited (ASMS) | $341.75 Million | 17.37% | 0.99x | $23.32 Million |
| BIRLASOFT LIMITED (BSOFT) | $6.04 Billion | 15.66% | 0.50x | $971.75 Million |
| Computer Age Management Services Limited (CAMS) | $4.51 Billion | 32.35% | 0.55x | $2.12 Billion |
| Cigniti Technologies Limited (CIGNITITEC) | $2.69 Billion | 9.42% | 0.43x | $374.23 Million |
| Cambridge Technology Enterprises Limited (CTE) | $387.89 Million | 23.35% | 0.37x | $7.84 Million |
About Happiest Minds Technologies Limited
Happiest Minds Technologies Limited provides information technology (IT) solutions and services in India, the Americas, Australia, Europe, Asia, the Middle East, and Africa. It operates through three segments: Infrastructure Management and Security Services (IMSS); Product and Digital Engineering Services (PDES); and Generative AI Business Services (GBS). The IMSS segment provides integrated end-… Read more