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Balance sheet of Happiest Minds Tech. is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Happiest Minds Tech. is increasing.
Latest debt of Happiest Minds Tech. is -₹177.07 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹2,230.69 Crs.
The profit is oscillating.
The profit of Happiest Minds Tech. is ₹223 Crs for TTM, ₹248 Crs for Mar 2024 and ₹231 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Happiest Minds Tech. latest dividend payout ratio is 34.57% and 3yr average dividend payout ratio is 32.52%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments