HMT Ltd

₹ 51.7 -1.39%

21 Feb - 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

Machine Tools Segment (~81% of revenues)^[1]
The company manufactures various kinds of machines such as simple lathes, multi-station transfer lines, stand-along CNC machines, flexible manufacturing systems, printing machines, etc. Its products cover general purpose machines, special purpose and CNC machines to meet the application needs of every engineering industry. It has manufactured 100,000+ machine tools which are in use all over India. The business is controlled by company's wholly owned subsidiary i.e. HMT Machine Tools Ltd.^[2]

Website BSE NSE - BZ

Market Cap ₹ 1,840 Cr.
Current Price ₹ 51.7
High / Low ₹ 105 / 41.0
Stock P/E 57.4
Book Value ₹ 13.2
Dividend Yield 0.00 %
ROCE 1.55 %
ROE 5.47 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 3.91 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Tax rate seems low
Company has a low return on equity of 5.41% over last 3 years.
Earnings include an other income of Rs.58.4 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

Sector: Engineering Industry: Engineering

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	3.68	5.30	15.00	3.60	12.82	20.17	9.36	9.95	12.58	16.02	5.09	6.50	7.31
	8.37	11.59	17.66	7.33	15.22	42.61	14.02	23.19	19.51	22.88	7.98	20.09	14.88
Operating Profit	-4.69	-6.29	-2.66	-3.73	-2.40	-22.44	-4.66	-13.24	-6.93	-6.86	-2.89	-13.59	-7.57
OPM %	-127.45%	-118.68%	-17.73%	-103.61%	-18.72%	-111.25%	-49.79%	-133.07%	-55.09%	-42.82%	-56.78%	-209.08%	-103.56%
	13.70	30.27	12.21	8.56	15.68	11.93	11.92	12.54	12.25	14.56	14.36	14.59	14.93
Interest	2.44	1.09	0.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.35	0.40
Depreciation	0.40	0.53	0.48	0.52	0.55	0.56	0.49	0.53	0.52	0.57	0.37	0.36	0.37
Profit before tax	6.17	22.36	8.94	4.31	12.73	-11.07	6.77	-1.23	4.80	7.13	11.10	0.29	6.59
Tax %	0.00%	-0.04%	0.00%	0.00%	0.00%	70.91%	0.00%	0.00%	0.00%	-97.48%	0.00%	0.00%	0.00%
	6.17	22.37	8.94	4.31	12.73	-18.92	6.77	-1.23	4.80	14.08	11.10	0.29	6.59
EPS in Rs	0.17	0.63	0.25	0.12	0.36	-0.53	0.19	-0.03	0.13	0.40	0.31	0.01	0.19
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	98	77	59	7	10	15	20	26	23	13	52	48	35
	166	258	167	18	281	37	39	41	38	33	83	80	66
Operating Profit	-69	-181	-108	-11	-271	-22	-19	-15	-14	-20	-31	-32	-31
OPM %	-71%	-234%	-183%	-154%	-2,675%	-150%	-99%	-57%	-60%	-162%	-61%	-66%	-89%
	31	304	32	-3	16	17	37	263	65	69	48	51	58
Interest	104	14	18	3	3	2	0	0	17	8	0	0	1
Depreciation	4	3	3	0	0	0	0	0	2	2	2	2	2
Profit before tax	-145	106	-97	-17	-258	-7	17	248	32	38	15	17	25
Tax %	0%	18%	0%	0%	-7%	0%	0%	0%	13%	-0%	53%	-40%
	-145	87	-97	-17	-239	-7	17	248	27	38	7	24	32
EPS in Rs	-1.91	1.15	-0.80	-0.14	-1.99	-0.06	0.48	6.98	0.77	1.08	0.20	0.69	0.91
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-5%
5 Years:	20%
3 Years:	27%
TTM:	-33%

Compounded Profit Growth
10 Years:	8%
5 Years:	25%
3 Years:	-4%
TTM:	474%

Stock Price CAGR
10 Years:	-1%
5 Years:	35%
3 Years:	25%
1 Year:	-13%

Return on Equity
10 Years:	3%
5 Years:	18%
3 Years:	5%
Last Year:	5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	760	760	1,204	1,204	1,204	1,204	356	356	356	356	356	356	356
Reserves	-370	-282	-824	-866	-1,102	-1,104	-238	5	32	71	78	103	115
	559	758	776	76	495	604	627	653	670	678	679	679	668
	539	238	279	465	337	229	316	138	120	116	213	195	225
Total Liabilities	1,488	1,475	1,436	880	934	934	1,060	1,152	1,177	1,221	1,326	1,332	1,363
	32	28	24	22	19	17	16	14	13	11	11	9	8
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	766	764	764	764	720	720	720	720	720	720	720	720	720
	691	683	648	93	194	196	325	418	445	490	595	604	635
Total Assets	1,488	1,475	1,436	880	934	934	1,060	1,152	1,177	1,221	1,326	1,332	1,363

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-18	-78	-38	615	-366	-85	-11	-300	-7	-54	112	-16
	3	-4	3	12	2	8	24	205	-20	46	-39	-54
	16	121	9	-636	491	84	-10	-12	-0	-0	-0	0
Net Cash Flow	1	39	-26	-9	127	7	2	-107	-27	-8	73	-70

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	132	146	130	812	214	109	57	46	70	67	125	113
Inventory Days	183	327	339	4,896	3,494	1,970	670	227	375	779	113	161
Days Payable	189	210	173	17,056	2,344	255	117	118	172	123	39	205
Cash Conversion Cycle	126	264	296	-11,348	1,364	1,824	610	155	272	723	200	69
Working Capital Days	596	2,126	2,431	-16,908	-11,352	-9,098	-9,011	-4,554	2,769	6,433	1,089	1,487
ROCE %	-2%	-14%	-7%	12%	-52%	-1%	1%	28%	5%	4%	1%	2%

Shareholding Pattern

Numbers in percentages

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	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%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%	5.61%
	6.31%	6.31%	0.71%	0.70%	0.70%	0.71%	0.71%	0.71%	0.70%	0.70%	0.71%	0.71%
No. of Shareholders	18,330	18,359	18,475	17,996	17,997	18,143	18,161	18,785	20,123	21,510	25,116	25,643

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 2024
	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%
	6.31%	6.31%	6.31%	6.31%	6.31%	6.31%	6.31%	0.70%	0.70%	0.71%
No. of Shareholders	22,138	20,722	18,604	18,341	18,058	18,084	18,330	17,997	20,123	25,643

* 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

Shareholding Pattern

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