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HMT Ltd.
(HMT)
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Rating:46Neutral
Price Target:
₹50.00
▼(-17.23% Downside)
Action:Reiterated
Date:07/31/26
The score is primarily weighed down by weak financial performance—ongoing operating losses and a highly stressed balance sheet with deeply negative equity—despite a recent improvement to positive operating and free cash flow. Technicals are broadly neutral (near key moving averages) with some longer-term support above the 200-day average, while valuation is constrained by a negative P/E that reflects current losses.
Positive Factors
Revenue Recovery
The reported revenue growth and FY2026 recovery indicate that the business retains some ability to generate demand despite historical volatility. If this improvement persists, it could provide a broader base for operating recovery, although profitability remains unresolved.
Negative Factors
Persistent Operating Losses
Persistent operating losses show that the underlying business has not yet translated gross profit into sustainable operating earnings. This weakens the durability of the operating model, limits internally funded growth, and leaves future recovery dependent on a material improvement in efficiency or revenue quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
The reported revenue growth and FY2026 recovery indicate that the business retains some ability to generate demand despite historical volatility. If this improvement persists, it could provide a broader base for operating recovery, although profitability remains unresolved.
Read all positive factors
HMT Ltd. (HMT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹76.18B
Dividend YieldN/A
Average Volume (3M)1.43K
Price to Earnings (P/E)―
Beta (1Y)1.16
Revenue Growth8.82%
EPS Growth6.28%
CountryIN
Employees552
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-3.74
Shares Outstanding1,493,771,000
10 Day Avg. Volume903
30 Day Avg. Volume1,429
Financial Highlights & Ratios
PEG Ratio1.94
Price to Book (P/B)-1.00
Price to Sales (P/S)14.25
P/FCF Ratio46.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
HMT Ltd. Business Overview & Revenue Model
Company Description
Established in 1949 and headquartered in Bengaluru, India, HMT Limited specializes in the global manufacturing and sale of food processing machinery. The company provides a comprehensive range of machine tools, which includes turning and grinding ...
HMT Ltd. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
9
Very Negative
Cash Flow
41
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.43B | 1.42B | 1.63B | 2.04B | 1.76B |
| Gross Profit | 525.40M | 633.80M | 652.60M | 622.10M | 660.25M |
| EBITDA | -534.40M | -629.40M | -566.79M | -384.54M | -607.75M |
| Net Income | -1.32B | -1.43B | 25.51B | -1.23B | 5.32B |
Balance Sheet | |||||
| Total Assets | 5.36B | 5.26B | 6.04B | 6.96B | 6.41B |
| Cash, Cash Equivalents and Short-Term Investments | 2.67B | 2.10B | 2.47B | 2.54B | 1.36B |
| Total Debt | 10.33B | 10.29B | 10.29B | 37.64B | 37.53B |
| Total Liabilities | 25.62B | 24.24B | 23.56B | 49.99B | 48.21B |
| Stockholders Equity | -20.27B | -18.98B | -17.52B | -43.03B | -41.80B |
Cash Flow | |||||
| Free Cash Flow | 434.50M | -486.20M | -8.51B | 971.80M | -551.54M |
| Operating Cash Flow | 439.50M | -464.10M | -8.47B | 1.03B | -504.35M |
| Investing Cash Flow | -300.00K | 300.00M | -439.80M | -276.80M | 445.11M |
| Financing Cash Flow | -28.50M | -74.50M | 8.28B | 35.90M | -74.29M |
HMT Ltd. Technical Analysis
Negative
60.41
Price Trends
60.58
Negative
61.22
Negative
58.03
Negative
Market Momentum
-2.53
Positive
29.90
Positive
8.16
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HMT, the sentiment is Negative. The current price of 60.41 is above the 20-day moving average (MA) of 56.39, below the 50-day MA of 60.58, and above the 200-day MA of 58.03, indicating a bearish trend. The MACD of -2.53 indicates Positive momentum. The RSI at 29.90 is Positive, neither overbought nor oversold. The STOCH value of 8.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HMT.
HMT Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹284.17B | 20.49 | ― | 1.97% | 17.98% | -41.45% | |
77 Outperform | ₹41.96B | 19.60 | ― | 3.19% | 25.44% | 20.17% | |
75 Outperform | ₹31.24B | 17.29 | ― | 5.56% | 27.45% | 83.91% | |
65 Neutral | ₹33.34B | 30.66 | ― | 0.65% | 17.02% | -5.12% | |
57 Neutral | ₹5.57B | 22.32 | ― | ― | 11.14% | -8.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹76.18B | -13.74 | ― | ― | 8.82% | 6.28% |
* General Sector Average
IN:HMT
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HMT Ltd. Corporate Events
HMT Ltd. Corrects Typographical Error in AGM Voting Disclosure
Oct 5, 2026
HMT Ltd., a government-owned listed company with a long-standing presence in India’s engineering and industrial manufacturing sectors, reported on the conduct of its 73rd Annual General Meeting held on 30 September 2026, which involved both ...
HMT Limited AGM Confirms FY26 Accounts and Reshapes Board Leadership
Sep 30, 2026
HMT Limited held its 73rd Annual General Meeting on September 30, 2026, via video conference and other audio-visual means from its registered office in Bengaluru, with the requisite quorum in attendance. The company provided shareholders with remo...
HMT Ltd. Sets September 30 Date for 73rd AGM via Video Conferencing
Sep 9, 2026
HMT Ltd. has announced that its 73rd Annual General Meeting will be held on September 30, 2026, at 2:00 p.m. IST via video conferencing and other audio-visual means, in line with provisions of the Companies Act and SEBI’s listing regulations...
HMT Limited Sets September 30 AGM, Proposes New Leadership Appointments
Sep 8, 2026
HMT Limited has scheduled its 73rd Annual General Meeting for September 30, 2026, to be conducted via video conferencing and other audio-visual means, with the annual report for FY 2025-26 circulated to shareholders electronically. The meeting wil...
HMT Sets Record Date and Book Closure for 72nd AGM
Sep 8, 2026
HMT Limited has scheduled its 72nd Annual General Meeting for September 30, 2026, at 2:00 p.m. India Standard Time, to be conducted via video conferencing and other audio-visual means, aligning with evolving norms for virtual corporate governance....
HMT adds two independent directors to strengthen board oversight
Aug 17, 2026
HMT Limited has strengthened its board by appointing Dharmender Varada and Seema Mishra as non‑executive independent directors, effective 17 August 2026, for a term of up to three years or until further government orders. The appointments, m...
HMT Adds Two Independent Directors to Board as Government-Nominated Appointees
Aug 17, 2026
HMT Limited has appointed Shri Dharmender Varada and Smt Seema Mishra as non-executive independent directors on its board, effective 17 August 2026, for a term of up to three years or until further government orders. The appointments, made followi...
HMT Limited Posts Stable FY 2026 Profit Despite Softer Quarter
Jul 29, 2026
HMT Limited has released its audited standalone financial results for the quarter and full year ended March 31, 2026, showing total annual income of Rs 8,387 lakhs, broadly flat versus Rs 8,244 lakhs in the previous year. Revenue from operations s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.