HMT Ltd -
NSE: HMT · Industrial Products · sector
₹51.39NSE close 2026-10-26
Key numbers
Market cap₹1,827 cr
Price₹51.39
52w high / low₹73 / ₹41
P/E–Sector median 24.2x
P/B–Sector median 2.8x
Book value₹-57.0
Dividend yield–Sector median 0.50%
ROE–Sector median 11.5%
ROCE–Sector median 13.4%
OPM-77.7%Sector median 10.3%
Debt / equity–Sector median 0.17x
EV/EBITDA–Sector median 16.7x
Interest cover-0.9x
Current ratio0.20x
Sales growth 3y-11.2%Sector median +10.2%
Profit growth 3y–Sector median +12.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹262 cr vs borrowings ₹1,033 cr (FY26): borrowings are higher by ₹771 cr.
- Operating profit covered interest -0.9x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY24, FY22).
- Net loss in 8 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Debtor days went from 299 (FY24) to 239 (FY26).
- No dividend in the last 5 financial years.
- Price ₹51.39 on 2026-10-26: -29.6% from the 52-week high, +25.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹84.64 · low ₹42.13
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 42 | 29 | 40 | 25 | 26 | 21 | 71 | 29 |
| EBITDA | -23 | -43 | -38 | -21 | -37 | -23 | -30 | -23 |
| OPM % | -55.2% | -147.8% | -95.9% | -85.7% | -145.1% | -111.0% | -42.3% | -81.1% |
| Other income | 12 | 11 | 25 | 13 | 16 | 15 | 14 | 13 |
| Net profit | -27 | -51 | -36 | -28 | -39 | -27 | -37 | -29 |
| EPS (₹) | -0.76 | -1.44 | -1.01 | -0.78 | -1.10 | -0.77 | -1.05 | -0.82 |
| Revenue YoY | -37.9% | -28.6% | +79.6% | +17.8% | ||||
| Profit YoY | – | – | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 176 | 204 | 163 | 142 | 143 | 147 |
| EBITDA | -107 | -93 | -111 | -125 | -112 | -114 |
| Net profit | 532 | -123 | 2,551 | -143 | -132 | -133 |
| EPS (₹) | 14.97 | -3.46 | 71.73 | -4.02 | -3.70 | -3.74 |
| Revenue growth | +16.0% | -19.8% | -12.9% | +0.2% | +8.8% | |
| Profit growth | -123.1% | – | -105.6% | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -11.2% | -6.9% | +8.8% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -15.0% (2y) | -7.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -4,303 | -1,752 | -1,898 | -2,027 |
| Borrowings | – | 3,727 | 1,029 | 1,029 | 1,033 |
| Cash & equivalents | – | 250 | 247 | 206 | 262 |
| Total assets | – | 696 | 604 | 526 | 536 |
| Fixed assets | – | 42 | 39 | 30 | 20 |
| Capital work in progress | – | 4 | 3 | 2 | 2 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 186 | 134 | 124 | 93 |
| Inventory | – | 118 | 116 | 97 | 87 |
| Payables | – | 82 | 95 | 86 | 119 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -50 | 103 | -847 | -46 | 44 |
| Cash from investing | 45 | -28 | -44 | 30 | -0 |
| Cash from financing | -7 | 4 | 828 | -7 | -3 |
| Capex | 5 | 6 | 4 | 2 | 0 |
| Free cash flow | -55 | 97 | -851 | -49 | 43 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 2.9% | -145.6% | 7.5% | 6.5% |
| ROCE % | – | 8.3% | 9.0% | 8.1% | 6.1% |
| Debtor days | – | 333 | 299 | 318 | 239 |
| Inventory days | – | 304 | 432 | 447 | 351 |
| Payable days | – | 211 | 355 | 396 | 483 |
| Cash conversion cycle (days) | – | 426 | 376 | 369 | 107 |
| Working capital days | – | -7,772 | -3,958 | -4,649 | -4,965 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 93.69% |
| FIIs | 0.00% |
| DIIs | 0.00% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.00% |
| Government | 5.61% |
| Public (non-institutions) | 0.70% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 93.69% | 93.69% | 93.69% | 93.69% | 93.69% | 93.69% | 93.69% | 93.69% |
| Promoter group | % |
|---|---|
| President of India | 56.83% |
| President of India | 36.85% |
| Special National Investment Fund | 5.61% |
26,040 shareholders. Pledged: 0.00% of promoter shares.
Peers in Industrial Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDOMIM | ₹52,085 cr | – | – | – | – | – | – | – |
| CPPLUS | ₹45,577 cr | 94.7x | 24.3x | 25.5% | 33.3% | 14.5% | – | 0.04% |
| SYRMA | ₹28,803 cr | 77.7x | 10.1x | 17.4% | 17.6% | 11.1% | +33.0% | 0.10% |
| HONAUT | ₹27,500 cr | 50.1x | 6.2x | 13.0% | 16.9% | 13.3% | +10.7% | 0.34% |
| KAYNES | ₹22,167 cr | 64.0x | 4.7x | 9.1% | 11.1% | 15.5% | +47.7% | – |
| JYOTICNC | ₹20,523 cr | 63.8x | 10.3x | 17.4% | 18.5% | 24.4% | – | – |
| LMW | ₹17,267 cr | 84.2x | 5.7x | 7.0% | 9.3% | 7.1% | -12.1% | 0.19% |
| TEGA | ₹12,752 cr | 447.9x | 3.7x | 0.9% | 4.5% | 7.5% | +11.7% | 0.11% |
| LLOYDSENGG | ₹12,248 cr | 48.1x | 7.3x | 14.1% | 15.1% | 14.2% | +60.9% | 0.27% |
| HMT | ₹1,827 cr | – | – | – | – | -77.7% | -11.2% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Machine Tools | ₹70 cr | 49.4% | ₹-80 cr | -113.2% |
| Projects | ₹46 cr | 32.5% | ₹1 cr | 2.7% |
| Others (including Watch Assembly etc) | ₹17 cr | 11.9% | ₹18 cr | 105.3% |
| Food Processing Machinery | ₹9 cr | 6.2% | ₹0 cr | 5.7% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-11-14 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-22 | Other | Annual General Meeting |
| 2021-10-21 | Other | Annual General Meeting |
| 2020-11-12 | Other | Annual General Meeting |
| 2019-09-20 | Other | Annual General Meeting |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-12-05 | Other | Annual General Meeting |
| 2016-12-08 | Other | Annual General Meeting |
| 2015-09-18 | Other | Annual General Meeting |
| 2014-09-18 | Other | Annual General Meeting |
| 2012-09-18 | Other | Annual General Meeting |
| 2011-09-21 | Other | Annual General Meeting |
| 2010-09-20 | Other | Annual General Meeting |
| 2009-09-18 | Other | Annual General Meeting |
| 2008-09-17 | Other | Annual General Meeting |
| 2007-09-19 | Other | Agm |
| 2006-11-01 | Other | Agm |
| 2005-11-02 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of Dairy & food processing equipment & turnkey projects through HMT Food Processing Machinery Division, Aurangabad: Sale of Dairy & Food Processing equipment & solution for dairy plant & milk powder plant on turn-key basis.
- Manufacturing and sale of watches through HMT Auxiliary Business Division, Bengaluru: Sale of Wrist watches, Tower Clocks, Floral clocks etc.,
| Sector | Industrials |
| Industry | Industrial Products |
| Sub-industry | Industrial Products |
| Symbol | HMT |
| BSE code | 500191 |
| ISIN | INE262A01018 |
| Face value | ₹10.0 |
| Incorporated | 1953-02-07 |
| Website | www.hmtindia.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.