HMT Ltd
HMT NSE
HMT Ltd
Capital GoodsNSE: HMT BSE: 500191 Industrial Products
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsMarket Cap
₹2,848 Cr
Volatility
Moderate
P/E Ratio
-16.4
EBITDA
₹-112 Cr
Return on Equity
7.54%
Debt to Equity
0
Book Value
₹-56.99
EPS
₹0
52W High
₹72.95
52W Low
₹41
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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28 extracted metrics + investor summaries across FY14–FY25.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
3- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -6.86% over past five years.
- Company has high debtors of 239 days.
Growth Rate
Revenue Growth
-30.31% ↗
Net Income Growth
-8.08% ↘
Cash Flow Change
94.52% ↗
ROE
1.62% ↗
ROCE
-0.75% ↗
EBITDA Margin (Avg.)
81.00% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 49d agoAI opinion · based on fundamentals
Risk high
HMT Ltd is a government-owned industrial company with a market cap of ₹3,149 Cr trading at a negative P/E of -18.5, indicating ongoing losses. The company has seen compounded sales decline of -11% over 5 years and -27% TTM, while its stock has delivered a 3-year CAGR of 34% driven largely by sentiment rather than fundamentals.
Bull Case 6
- Stock price has delivered a 3-year CAGR of 34%, significantly outperforming underlying business fundamentals
- 10-year compounded profit growth of 6% suggests some long-term cyclical recovery potential in earnings
- As a government-owned entity, HMT benefits from implicit sovereign backing reducing bankruptcy risk
- Market cap of ₹3,149 Cr reflects market confidence in potential asset monetization or revival plans
- 1-year stock CAGR of 6% indicates continued investor interest despite weak operational metrics
- 5-year stock CAGR of 15% shows sustained long-term re-rating by the market over a half-decade period
Bear Case 8
- Negative P/E ratio of -18.5 confirms the company is loss-making at the net profit level
- Compounded sales have declined at -11% over 5 years and -27% TTM, showing accelerating revenue erosion
- Debtor days of 318 days indicate severely poor working capital management and cash conversion
- Low interest coverage ratio signals the company struggles to service its debt obligations from operating profits
- Negative P/B ratio of -1.22 implies negative book value, meaning liabilities exceed assets
- Zero dividend yield reflects inability to return any cash to shareholders
- 3-year compounded sales growth of -7% shows the revenue decline is structural, not a one-off
- TTM compounded profit decline of -28% indicates losses are widening rather than narrowing
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 49d ago Headwinds 1
- Exchange fine for delayed results Jul 1
HMT Ltd fined ₹1,71,100 each by BSE and NSE for non-compliance with SEBI LODR regulations due to delayed submission of financial results for the year ended March 31, 2026.
Neutral 1
- GM S.K Kadbe superannuates Jun 30
Shri. S.K Kadbe superannuated as General Manager (FPA) on June 30, 2026, representing a routine senior management change.
TL;DR: HMT Ltd faces a regulatory compliance concern after being fined by both BSE and NSE for delayed financial result submissions, signaling potential governance or operational inefficiencies. No positive catalysts emerged during this period. The trend is slightly negative as regulatory penalties, even if modest in amount, raise questions about internal processes and timely disclosures going forward.
Quarterly Results
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 46 | 36 | 32 | 49 | 32 | 42 | 29 | 40 | 25 | 26 | 21 | 71 | 29 |
| Expenses | 68 | 57 | 55 | 94 | 53 | 65 | 46 | 102 | 46 | 63 | 44 | 102 | 52 |
| Operating Profit | -22 | -20 | -23 | -46 | -21 | -23 | -17 | -62 | -21 | -37 | -23 | -30 | -23 |
| OPM % | -47% | -56% | -71% | -93% | -67% | -55% | -57% | -155% | -86% | -145% | -111% | -42% | -81% |
| Other Income | 11 | 10 | 10 | 2,703 | 14 | 12 | -15 | 49 | 13 | 16 | 15 | 14 | 13 |
| Interest | 17 | 17 | 17 | 18 | 20 | 14 | 17 | 19 | 18 | 16 | 18 | 17 | 18 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 1 | 1 |
| PBT | -30 | -29 | -32 | 2,638 | -29 | -27 | -51 | -33 | -28 | -39 | -27 | -35 | -29 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 9% | 0% | 0% | 0% | 7% | 0% |
| Net Profit | -30 | -29 | -32 | 2,641 | -29 | -27 | -51 | -36 | -28 | -39 | -27 | -37 | -29 |
| EPS in Rs | -0.84 | -0.81 | -0.89 | 74.27 | -0.81 | -0.76 | -1.44 | -1.01 | -0.78 | -1.1 | -0.77 | -1.05 | -0.82 |
Profit & Loss
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 275 | 228 | 190 | 195 | 263 | 260 | 204 | 176 | 204 | 163 | 142 | 143 | 147 |
| Expenses | 567 | 307 | 727 | 318 | 275 | 299 | 274 | 261 | 298 | 274 | 268 | 255 | 261 |
| Operating Profit | -292 | -79 | -537 | -123 | -12 | -39 | -70 | -85 | -94 | -110 | -125 | -112 | -114 |
| OPM % | -106% | -34% | -283% | -63% | -4.6% | -15% | -35% | -49% | -46% | -68% | -88% | -78% | -78% |
| Other Income | 40 | -136 | 47 | 48 | 245 | 271 | 58 | 702 | 57 | 2,735 | 62 | 58 | 59 |
| Interest | 291 | 53 | 62 | 66 | 67 | 65 | 84 | 74 | 69 | 68 | 70 | 69 | 69 |
| Depreciation | 12 | 10 | 11 | 10 | 9 | 10 | 10 | 10 | 9 | 8 | 7 | 7 | 6 |
| PBT | -556 | -278 | -562 | -151 | 156 | 157 | -105 | 533 | -115 | 2,548 | -140 | -129 | -130 |
| Tax % | 0% | 0% | -3% | 0% | 0% | 1% | 4% | 0% | 7% | 0% | 2% | 2% | — |
| Net Profit | -557 | -278 | -544 | -151 | 155 | 156 | -110 | 533 | -123 | 2,551 | -143 | -132 | -133 |
| EPS in Rs | -4.63 | -2.31 | -4.52 | -1.26 | 4.36 | 4.38 | -3.09 | 14.97 | -3.46 | 71.73 | -4.02 | -3.7 | -3.74 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| 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 | -5,149 | -5,461 | -6,002 | -6,098 | -5,107 | -4,959 | -5,069 | -4,536 | -4,659 | -2,108 | -2,254 | -2,382 |
| Borrowings | 2,205 | 323 | 4,401 | 4,514 | 4,344 | 4,376 | 4,405 | 3,753 | 3,764 | 1,029 | 1,029 | 1,033 |
| Other Liabilities | 2,413 | 4,770 | 1,094 | 1,027 | 1,155 | 976 | 1,009 | 1,087 | 1,251 | 1,344 | 1,413 | 1,529 |
| Total Liabilities | 673 | 836 | 697 | 647 | 748 | 748 | 700 | 660 | 711 | 622 | 544 | 536 |
| Fixed Assets | 94 | 88 | 76 | 66 | 59 | 66 | 60 | 53 | 44 | 40 | 36 | 30 |
| CWIP | 13 | 7 | 9 | 11 | 15 | 7 | 6 | 7 | 4 | 3 | 2 | 2 |
| Investments | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 565 | 740 | 611 | 569 | 673 | 675 | 635 | 600 | 663 | 578 | 506 | 503 |
| Total Assets | 673 | 836 | 697 | 647 | 748 | 748 | 700 | 660 | 711 | 622 | 544 | 536 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -223 | -117 | -661 | -108 | -43 | -269 | -71 | -50 | 103 | -847 | -46 | 44 |
| Investing | 7 | -1 | 5 | 8 | 298 | 188 | -27 | 45 | -28 | -48 | 30 | 0 |
| Financing | 207 | 354 | 541 | 84 | -246 | -35 | 7 | -7 | 4 | 828 | -7 | -3 |
| Net Cash Flow | -9 | 236 | -115 | -16 | 8 | -116 | -92 | -13 | 79 | -67 | -24 | 41 |
| Free Cash Flow | -223 | -122 | -662 | -109 | 243 | -11 | -73 | -55 | 98 | -850 | -48 | 44 |
| CFO/OP | 76 | 148 | 127 | 87 | -102 | 602 | 100 | 54 | -115 | 0 | 34 | -42 |
Ratios
| 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 | 145 | 160 | 185 | 196 | 231 | 211 | 302 | 323 | 333 | 300 | 318 | 239 |
| Inventory Days | 758 | 638 | 1,029 | 1,148 | 1,243 | 754 | 720 | 667 | 412 | 585 | 640 | 351 |
| Days Payable | 214 | 304 | 508 | 528 | 628 | 405 | 390 | 361 | 254 | 453 | 476 | 483 |
| Cash Conversion Cycle | 689 | 494 | 706 | 816 | 846 | 560 | 632 | 630 | 491 | 432 | 483 | 106 |
| Working Capital Days | -2,581 | -6,931 | -8,622 | -8,680 | -6,531 | -6,544 | -8,803 | -9,124 | -8,194 | -4,246 | -5,129 | -5,635 |
Documents
1
Announcement under Regulation 30 (LODR)-Change in Directorate
27 Apr - Ms. Nigar Fatima Husain appointed Government Nominee Director on HMT board effective 27 April 2026. 27 Apr - Ms. Nigar Fatima Husain appointed Government Nominee Director on HMT board effective 27 April 2026.
2
Announcement under Regulation 30 (LODR)-Change in Directorate
7h - Ms. Nigar Fatima Husain appointed Government Nominee Director on HMT board effective 27 April 2026. 7h - Ms. Nigar Fatima Husain appointed Government Nominee Director on HMT board effective 27 April 2026.
4
Announcement under Regulation 30 (LODR)-Cessation
27 Mar - Dr. Kartik Chandulal Bhadra ceased as Non-Official Independent Director effective 28 March, 2026. 27 Mar - Dr. Kartik Chandulal Bhadra ceased as Non-Official Independent Director effective 28 March, 2026.
5
Announcement under Regulation 30 (LODR)-Change in Directorate
25 Mar - N. Ramesh Kumar appointed Chairman & Managing Director (additional charge) w.e.f. 25-Mar-2026 for one year. 25 Mar - N. Ramesh Kumar appointed Chairman & Managing Director (additional charge) w.e.f. 25-Mar-2026 for one year.
Frequently Asked Questions about HMT Ltd
What does HMT Ltd do?
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]
Where is HMT Ltd (HMT) listed?
HMT Ltd is listed on the Indian stock exchanges. It is listed on NSE: HMT and BSE: 500191. You can view its live share price, financials, and ratios on Tapetide.
Which sector does HMT Ltd belong to?
HMT Ltd operates in the Capital Goods sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of HMT Ltd?
HMT Ltd has a market capitalisation of approximately ₹2847.56 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of HMT Ltd?
The Price-to-Earnings (PE) ratio of HMT Ltd is -16.40. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of HMT Ltd?
Over the past 52 weeks, HMT Ltd has traded between a low of ₹41 and a high of ₹72.95. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of HMT Ltd?
HMT Ltd has a Return on Equity (ROE) of 7.54%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research HMT Ltd on Tapetide?
On Tapetide, you can view HMT Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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]
Website hmtindia.com
CEO Mr. Rajesh Kohli
Employees 618
Listed 2003-08-29
Face Value ₹ 10
Issued Size 1,20,40,91,640