HMT Ltd

₹ 60.8 0.46%

21 Aug - close price

About

HMT Ltd (Hindustan Machine Tools) is a Central Public Sector enterprise of the GoI under the department of heavy industries. It is involved in manufacture of food processing machinery, machine tools, exports & Imports and projects and services for international clients.^[1]

Key Points

Government-Controlled Group:^[1]^[2]
The President of India holds 78.62% of HMT Ltd., while the Special National Investment Fund holds 18.99%.
HMT Watches Ltd. was struck off and dissolved on March 2, 2026. HMT Bearings Ltd. and HMT Chinar Watches Ltd. had already been dissolved in 2022. The parent company’s continuing watch-assembly activity should therefore not be confused with the closed watch-manufacturing subsidiary.

Website BSE NSE - BZ

Market Cap ₹ 2,145 Cr.
Current Price ₹ 60.8
High / Low ₹ 73.0 / 41.0
Stock P/E 131
Book Value ₹ 13.8
Dividend Yield 0.00 %
ROCE 1.64 %
ROE 3.45 %
Face Value ₹ 10.0

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Pros

Debtor days have improved from 126 to 83.9 days.

Cons

Stock is trading at 4.40 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 2.05% over past five years.
Tax rate seems low
Company has a low return on equity of 4.10% over last 3 years.
Earnings include an other income of Rs.57.0 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Manufacturing Industrial Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	9	10	13	16	5	6	7	7	6	6	6	8	5
	14	23	20	23	8	20	15	18	9	20	14	22	7
Operating Profit	-5	-13	-7	-7	-3	-14	-8	-11	-3	-14	-8	-14	-2
OPM %	-50%	-133%	-55%	-43%	-57%	-209%	-104%	-152%	-42%	-231%	-138%	-174%	-42%
	12	13	12	15	14	15	15	12	15	15	15	13	14
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	1	1	1	0	0	0	0	0	0	0	0	0
Profit before tax	7	-1	5	7	11	0	7	1	12	1	7	-2	12
Tax %	0%	0%	0%	-97%	0%	0%	0%	296%	0%	0%	0%	101%	0%
	7	-1	5	14	11	0	7	-2	12	1	7	-3	12
EPS in Rs	0.19	-0.03	0.13	0.40	0.31	0.01	0.19	-0.05	0.34	0.03	0.19	-0.09	0.33
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	59	7	10	15	20	26	23	13	52	48	26	26	25
	167	18	281	37	39	41	38	33	83	80	64	64	63
Operating Profit	-108	-11	-271	-22	-19	-15	-14	-20	-31	-32	-38	-38	-38
OPM %	-183%	-154%	-2,675%	-150%	-99%	-57%	-60%	-162%	-61%	-66%	-144%	-148%	-152%
	32	-3	16	17	37	263	65	69	48	51	59	58	57
Interest	18	3	3	2	0	0	17	8	0	0	1	0	0
Depreciation	3	0	0	0	0	0	2	2	2	2	1	1	1
Profit before tax	-97	-17	-258	-7	17	248	32	38	15	17	19	18	18
Tax %	0%	0%	-7%	0%	0%	0%	13%	-0%	53%	-40%	15%	9%
	-97	-17	-239	-7	17	248	27	38	7	24	16	17	16
EPS in Rs	-0.80	-0.14	-1.99	-0.06	0.48	6.98	0.77	1.08	0.20	0.69	0.45	0.47	0.46
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	14%
5 Years:	2%
3 Years:	-20%
TTM:	-8%

Compounded Profit Growth
10 Years:	-16%
5 Years:	-9%
3 Years:	34%
TTM:	-5%

Stock Price CAGR
10 Years:	5%
5 Years:	16%
3 Years:	27%
1 Year:	7%

Return on Equity
10 Years:	4%
5 Years:	5%
3 Years:	4%
Last Year:	3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1,204	1,204	1,204	1,204	356	356	356	356	356	356	356	356
Reserves	-824	-866	-1,102	-1,104	-238	5	32	71	78	103	119	136
	776	76	495	604	627	653	670	678	679	642	642	642
	279	465	337	229	316	138	120	116	213	232	231	227
Total Liabilities	1,436	880	934	934	1,060	1,152	1,177	1,221	1,326	1,332	1,348	1,360
	24	22	19	17	16	14	13	11	11	9	8	7
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	764	764	720	720	720	720	720	720	720	720	720	720
	648	93	194	196	325	418	445	490	595	604	621	634
Total Assets	1,436	880	934	934	1,060	1,152	1,177	1,221	1,326	1,332	1,348	1,360

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-38	615	-366	-85	-11	-300	-7	-54	112	-16	-35	-4
	3	12	2	8	24	205	-20	46	-39	-54	32	5
	9	-636	491	84	-10	-12	-0	-0	-0	0	-0	-1
Net Cash Flow	-26	-9	127	7	2	-107	-27	-8	73	-70	-4	1
Free Cash Flow	-38	615	-366	-85	-4	-42	-8	-55	108	-17	-35	-4
CFO/OP	35%	-5,739%	135%	379%	50%	1,794%	46%	248%	-370%	57%	87%	2%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	130	812	214	109	57	46	70	67	125	116	179	84
Inventory Days	339	4,896	3,494	1,970	670	227	375	779	113	161	658	339
Days Payable	173	17,056	2,344	255	117	118	172	123	39	288	865	552
Cash Conversion Cycle	296	-11,348	1,364	1,824	610	155	272	723	200	-12	-28	-130
Working Capital Days	2,217	-18,810	-11,615	-9,098	-9,011	-4,554	-6,805	-12,183	-3,451	-2,769	-4,509	-4,430
ROCE %	-7%	12%	-52%	-1%	1%	28%	5%	4%	1%	2%	2%	2%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Food Processing Machinery Production Value
Rs. Crore

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Group Total Employees
Nos

HMT International New Orders
Rs. Crore

Food Processing Machinery Production
Nos

Food Processing Machinery Sales
Nos

HMT Machine Tools Production
Rs. Crore

Watch Assembly Production
Rs. Crore

HMT Machine Tools Order Book
Rs. Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	93.69%	93.69%	93.69%	93.69%	93.69%	93.69%	93.69%	93.69%	93.69%	93.69%	93.69%	93.69%
	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%
	0.71%	0.71%	0.70%	0.70%	0.71%	0.71%	0.71%	0.71%	0.70%	0.70%	0.71%	0.70%
No. of Shareholders	18,161	18,785	20,123	21,510	25,116	25,643	27,034	27,930	27,696	27,509	26,897	26,136

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	93.69%	93.69%	93.69%	93.69%	93.69%	93.69%	93.69%	93.69%	93.69%	93.69%	93.69%	93.69%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.61%	5.61%	5.61%	5.61%	5.61%
	6.31%	6.31%	6.31%	6.31%	6.31%	6.31%	6.31%	0.70%	0.70%	0.71%	0.71%	0.70%
No. of Shareholders	22,138	20,722	18,604	18,341	18,058	18,084	18,330	17,997	20,123	27,034	26,897	26,136

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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HMT Ltd

HMT Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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