Happiest Minds Technologies Limited Net Assets
Happiest Minds Technologies Limited 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 HAPPSTMNDS net asset momentum to track the company's year-over-year net asset growth rate.
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 |
Net Assets of Happiest Minds Technologies Limited (2013–2025)
Net assets of Happiest Minds Technologies Limited from 2013 to 2025. This chart illustrates how Happiest Minds Technologies Limited's net assets have evolved over time, based on quarterly financial data. See how leveraged is Happiest Minds Technologies Limited's balance sheet to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see Happiest Minds Technologies Limited market cap and net worth.
| 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.
Happiest Minds Technologies Limited Net Assets Breakdown (March 2025)
Happiest Minds Technologies Limited net assets breakdown by equity component as of 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 |
|---|---|
|
Qingdao Kutesmart Co Ltd
SHE:300840
|
$505.72 Million |
|
Cashway Technology Co Ltd
SHG:603106
|
$505.76 Million |
|
Bumi Armada Bhd
KLSE:5210
|
$506.02 Million |
|
Dada Nexus Ltd
NASDAQ:DADA
|
$506.16 Million |
|
China Wuyi Co Ltd
SHE:000797
|
$505.67 Million |
|
Nanjing Canatal Data Centre Environmental Tech Co Ltd Class A
SHG:603912
|
$505.52 Million |
|
Midi Utama Indonesia Tbk
JK:MIDI
|
$505.47 Million |
|
Addiko Bank AG
VI:ADKO
|
$505.32 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: 2.98x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 15.27x to 2.98x 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 | Rs311.25 | x |
| 2014-03-31 | Rs34.33 | Rs311.25 | x |
| 2015-03-31 | Rs40.77 | Rs311.25 | x |
| 2016-03-31 | Rs10.44 | Rs311.25 | x |
| 2017-03-31 | Rs15.55 | Rs311.25 | x |
| 2018-03-31 | Rs-7.41 | Rs311.25 | x |
| 2019-03-31 | Rs-4.50 | Rs311.25 | x |
| 2020-03-31 | Rs19.85 | Rs311.25 | x |
| 2021-03-31 | Rs38.48 | Rs311.25 | x |
| 2022-03-31 | Rs46.10 | Rs311.25 | x |
| 2023-03-31 | Rs58.15 | Rs311.25 | x |
| 2024-03-31 | Rs99.70 | Rs311.25 | x |
| 2025-03-31 | Rs104.54 | Rs311.25 | 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: $3,232,696,575
- Average return on equity (ROE) among peers: 12.89%
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 | $505.69 Million |
| AAA Technologies Limited (AAATECH) | $308.25 Million | 11.39% | 0.06x | $15.43 Million |
| Accelya Solutions India Limited (ACCELYA) | $1.23 Billion | 21.14% | 0.36x | $152.34 Million |
| Adroit Infotech Limited (ADROITINFO) | $208.81 Million | -1.23% | 0.45x | $5.85 Million |
| Airan Limited (AIRAN) | $1.12 Billion | 8.62% | 0.21x | $19.32 Million |
| Alankit Limited (ALANKIT) | $3.19 Billion | 6.22% | 0.33x | $21.41 Million |
| Bartronics India Limited (ASMS) | $341.75 Million | 17.37% | 0.99x | $17.98 Million |
| BIRLASOFT LIMITED (BSOFT) | $17.14 Billion | 16.89% | 0.46x | $974.19 Million |
| Computer Age Management Services Limited (CAMS) | $7.82 Billion | 36.45% | 0.40x | $1.85 Billion |
| Cigniti Technologies Limited (CIGNITITEC) | $115.76 Million | 0.58% | 0.23x | $374.23 Million |
| Cambridge Technology Enterprises Limited (CTE) | $853.86 Million | 11.47% | 0.57x | $7.21 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