Happiest Minds Technologies is an IT company providing services in digital transformation. It was listed on the stock exchange in 2020 and retail investors want to know the future value of this stock.
The company is expanding its business areas and strengthening its market presence in IT sectors. Investors are keen to understand its potential share price targets for the years 2024, 2025, 2026, 2028 and 2030.
The revenue reported by the company is Rs 390.87 crore in Q2-2023 with a growth of 18. per cent. While the net income increased by 3.49 per cent to Rs 58.61 crore.
Throughout the year, the company’s share price chart shows higher highs and higher lows patterns which is a good sign for the investor. If we look at its record for the last three months, it has increased by 20.86 per cent.
Fundamentals of Happiest Minds
| Book Value | ₹56.2 |
| RoE | 28.9% |
| Stock P/E | 63.3 |
| ROCE | 27.4% |
| Face Value | ₹2.00 |
| Revenue (Q2-23) | ₹391.00 Cr |
| Net Profit | ₹58.31 Cr |
| Debt to Equity | 0.64 |
Overview of Happiest Minds
Happiest Minds Technologies Limited is an IT company enabling digital transformation for enterprises and technology providers.
These companies do this by leveraging the spectrum of disruptive technologies such as artificial intelligence, blockchain, cloud, digital process automation, IoT, robotics/drones, security, virtual/augmented reality, etc. https://happiestminds.com
Service Area:
- Digital Business Services (DBS): The unit provides consulting, design, custom-app development, testing, package implementation, and more.
- Infrastructure Management and Security Services (IMSS): It provides integrated end-to-end infrastructure and security solutions with expertise in cloud, virtualization and mobility.
- Product Engineering Services (PES): The unit helps software product companies build products and services that integrate mobile, cloud and social technologies
Happiest Minds Share Price Target for the Years 2024 to 2030
The IT services industry is growing due to the increasing demand for digital solutions. Happiest Minds is one of them whose share price can be seen rising.
The company has been expanding its service areas over the years which will be beneficial in sustaining the growth. Top analysts suggest that there is potential for huge returns from a long-term perspective.
Happiest Minds Share Price Target 2024
| Low | ₹927.20 |
| High | ₹946.42 |
Happiest Minds Share Price Target 2025
| Low | ₹951.24 |
| High | ₹972.52 |
Happiest Minds Share Price Target 2026
| Low | ₹966.23 |
| High | ₹1095.25 |
Happiest Minds Share Price Target 2028
| Low | ₹1137.32 |
| High | ₹1222.28 |
Happiest Minds Share Price Target 2030
| Low | ₹1387.35 |
| High | ₹1514.25 |
Compounded Growth Rate
| Year | Sales Growth | Profit Growth | RoE |
|---|---|---|---|
| TTM | 24% | 11% | 29% |
| 3 Years | 24% | 34% | 32% |
| 5 Years | 25% | 63% | 36% |
| 10 Years | 35% | 21% | 22% |
FAQs
The maximum target price for Happiest Minds shares in 2025 is ₹951.24 to ₹972.52 per share.
The company has registered a healthy profit growth of 63.0% in the last 5 years and maintains a healthy dividend payout of 30.2%. So, while this is a good stock from a long-term perspective, it still has a number of risk factors that you should consider.
The target price for Happiest Minds shares in 2030 is ₹1387.35 to Rs 1514.25.
The earnings per share (EPS) of Happiest Minds is Rs 3.89 in Q2-2023.
The maximum target price for Happiest Minds shares in 2028 is ₹1137.32 to ₹1222.28.
Disclaimer: The target price of Happiest Mind shares is general information only and does not constitute investment advice. You should do thorough research, consider risk tolerance and consult financial experts before investing.
