---
title: "HMG Industries Ltd (HMGIND) — Share Price, Financials & Analysis"
symbol: "HMGIND"
company: "HMG Industries Ltd"
canonical: "https://tapetide.com/stocks/HMGIND"
nse_symbol: "HMGIND"
generated_at: "2026-10-13T11:00:45.709Z"
---

# HMG Industries Ltd (HMGIND)

Canonical page: https://tapetide.com/stocks/HMGIND

## Company

- **NSE Symbol:** HMGIND
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

HMG Industries is entirely focused only on production and freezing of fresh water, sea caught and acquaculture fish, shrimps and cephalopods at its in-house processing facility at Navi Mumbai, Maharashtra, India.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 0.63% over past five years.
- Company has a low return on equity of -12.1% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 37% | 3% | 11% |
| revenue growth | 3% | 2% | 1% |

## Financial Statements

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 9.56 | 7.81 | 8.73 | 7.48 | 6.27 | 4.89 | 6.17 | 6.82 | 6.3 | 6.47 |
| Expenses | 6.91 | 6.55 | 7.82 | 7.62 | 7.15 | 5.31 | 6.34 | 6.82 | 6.56 | 6.56 |
| Operating Profit | 2.65 | 1.26 | 0.91 | -0.14 | -0.88 | -0.42 | -0.17 | 0 | -0.26 | -0.09 |
| OPM % | 27.72 | 16.13 | 10.42 | -1.87 | -14.04 | -8.59 | -2.76 | 0 | -4.13 | -1.39 |
| Other Income | 0.66 | 0.09 | 0.12 | 1.01 | 0.62 | 0.44 | 0.23 | 0.02 | 0.03 | 0.1 |
| Interest | 0 | 0.79 | 0.22 | 0.52 | 0.8 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2.67 | 0.59 | 0.66 | 0.65 | 0.63 | 0.63 | 0.62 | 0.58 | 0.56 | 0.49 |
| Profit before tax | 0.64 | -0.03 | 0.15 | -0.3 | -1.69 | -0.61 | -0.56 | -0.56 | -0.79 | -0.48 |
| Tax % | 0 | 0 | 6.67 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0.64 | -0.03 | 0.14 | -0.3 | -1.69 | -0.61 | -0.55 | -0.56 | -0.79 | -0.48 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 |
| Reserves | 0.76 | 1.13 | 1.85 | 1.55 | -0.09 | -0.7 | -1.25 | -0.85 | -1.64 | -2.12 |
| Borrowings | 1.23 | 0.83 | 0.83 | 0.83 | 0.56 | 0.56 | 0.56 | 0.58 | 0.84 | 0.84 |
| Other Liabilities | 4.08 | 4 | 4.1 | 2.77 | 2.74 | 1.98 | 1.71 | 0.83 | 1.1 | 1.59 |
| Total Liabilities | 12.57 | 12.46 | 13.28 | 11.65 | 9.71 | 8.34 | 7.52 | 7.06 | 6.8 | 6.81 |
| Fixed Assets | 6.94 | 7.49 | 7.35 | 6.72 | 6.09 | 5.61 | 5.21 | 4.77 | 4.24 | 3.97 |
| CWIP | 0.28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.03 | 0.03 | 0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 5.32 | 4.94 | 5.9 | 4.93 | 3.62 | 2.73 | 2.31 | 2.29 | 2.56 | 2.84 |
| Total Assets | 12.57 | 12.46 | 13.28 | 11.65 | 9.71 | 8.34 | 7.52 | 7.06 | 6.8 | 6.81 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | — | — | 0 | 0.12 | 0.18 | 0.16 | 0.01 | 0.22 |
| Cash from Investing Activity | — | — | — | — | 0.01 | -0.12 | -0.22 | -0.14 | -0.03 | -0.2 |
| Cash from Financing Activity | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | — | — | — | — | 0.01 | -0.01 | -0.03 | 0.02 | -0.02 | 0.01 |
| Free Cash Flow | — | — | — | — | -0.14 | -0.02 | -0.04 | 0.02 | -0.02 | 0.02 |
| CFO/OP | — | — | — | — | 0 | -29 | -106 | — | -4 | -244 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 140.5 | 142.54 | 127.52 | 142.49 | 152.52 | 123.91 | 42 | 21.41 | 17.96 | 21.44 |
| Cash Conversion Cycle | 140.5 | 142.54 | 127.52 | 142.49 | 152.52 | 123.91 | 42 | 21.41 | 17.96 | 21.44 |
| Working Capital Days | 11.45 | -10.28 | -5.44 | 59.04 | 11.06 | 6.72 | -27.8 | 17.66 | -17.96 | -29.34 |
| ROCE % | 7.59 | 8.5 | 4.08 | 2.77 | -11.23 | -9.15 | -9.2 | -9.3 | -13.24 | -9.16 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 5 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 50.45 | Sell |
| EMA (10) | 50.66 | Sell |
| SMA (20) | 50.8 | Sell |
| EMA (20) | 50.66 | Sell |
| SMA (50) | 50.35 | Sell |
| EMA (50) | 51.46 | Sell |
| SMA (100) | 54.63 | Sell |
| EMA (100) | 54.1 | Sell |
| SMA (200) | 60.9 | Sell |
| EMA (200) | 58.74 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.63 | Neutral |
| MACD (12,26,9) | -0.05 | Buy |
| Stochastic (14,3,3) | 53.73 | Neutral |
| ADX (14) | 37.76 | Buy |
| Williams %R (14) | -69.52 | Neutral |
| ATR (14) | 2.34 | High Volatility |
| ROC (12) | -0.54 | Sell |
| Stoch RSI (14) | 14.81 | Buy |
| UO (7,14,28) | 52.31 | Neutral |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:45.709Z.