Starts with the COVID 2.0 impact on the company: 8% of the team was tested +ve by 17th May, 26% of which were hospitalized.
Led to the terrible loss of 5 young men.
Happiest Minds FY21 Annual Report Takeaways.
'Investing in next-generation digital technologies like Blockchain, Robotics & Drones, and VR/AR.'
Hit the 'retweet' & help us educate more investors.
A Thread 🧵👇
Starts with the COVID 2.0 impact on the company: 8% of the team was tested +ve by 17th May, 26% of which were hospitalized.
Led to the terrible loss of 5 young men.
- Employee culture has been the biggest investment as per the chairman Mr. Ashok Soota
- Customer retention: One CFO has been a customer with the 3 companies he worked with ( Power of 💪relationships)
- Invested in all new technologies including next gen.
Restructured the three business units (PES, DBS, IMSS) such that each caters to their specific high potential industries 🚀
This wouldn't be the case for Happiest minds as it is being 'designed for perpetuity': addressed succession risks
Guidance: 20% organic growth+ Lower PAT due to higher tax
12% Rev growth YoY, 27% EBITDA margin
Strong Cashflows
80% Employee utilization & 12% utilisation
3228 employees (added 562 in FY21)
Active customers of 173 (46 of which are Billion $ corps) | 87% repeat business
Promoter Holding of 53% 🤝
- People Centricity: Behavioral patterns
- Location Independence: distributed cloud, cybersecurity.
- Resilient Delivery: AI engineering, Hyper Automation
97% of revenues from digital 🧑💻
Client concentration risk remains: Top 5 contribute a third of the revenues.
Competitive advantage: Avg Age of our active Full-time members is 32 years.
Perks to the employees are innumerous (included mindfulness training 🧘)
More from JST Investments
More from Happymind
The reason why I preferred #happiestminds to include in long term portfolio
Since then MCAP has moved from 7.5k Cr to 10.5k Cr which is more than 40% returns..
I feel it's a start for a long journey for this one.. do read the thread and study 👇
Since then MCAP has moved from 7.5k Cr to 10.5k Cr which is more than 40% returns..
I feel it's a start for a long journey for this one.. do read the thread and study 👇
Thread 4/6
— TheMillionaire \U0001f1ee\U0001f1f3 (@BornToBeSucceed) April 2, 2021
Financial Data since March 2019\U0001f447
Revenue jumped 590 Cr to 739 Cr
(CAGR of 13.7%)
Interesting facts: Profit jumped from 14 Cr to 132 Cr and that's Incredible ( CAGR of 260%) \U0001f680\U0001f680 pic.twitter.com/hj02EMzOHq
Finally started moving 🌟 A VCP breakout
#Nifty #Happstmnds #Trading #PnF
It was also discussed in #ChitChart by @rajran06 sir.
@Definedge
#Nifty #Happstmnds #Trading #PnF
It was also discussed in #ChitChart by @rajran06 sir.
@Definedge
#HAPPSTMNDS 1%
— Aditya Shyam Jalan (@Aditya_Jalan_3) August 17, 2021
In line with the bullishness of the IT sector. Consolidated after a good upmove, providing a very low risk entry point .
CR entry at 1427
SL as the next probable Triple Bottom Sell at 1344.85#PnF #Trading #Process #StockMarket #StocksToWatch @Definedge pic.twitter.com/k76ViohZF2
You May Also Like
I just finished Eric Adler's The Battle of the Classics, and wanted to say something about Joel Christiansen's review linked below. I am not sure what motivates the review (I speculate a bit below), but it gives a very misleading impression of the book. 1/x
The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x
Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x
The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x
It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
As someone\u2019s who\u2019s read the book, this review strikes me as tremendously unfair. It mostly faults Adler for not writing the book the reviewer wishes he had! https://t.co/pqpt5Ziivj
— Teresa M. Bejan (@tmbejan) January 12, 2021
The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x
Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x
The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x
It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
