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HMT Ltd.
(HMT)
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Rating:46Neutral
Price Target:
₹60.00
▼(-0.68% 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
Improved cash generation (FY2026)
The shift to positive operating and free cash flow in FY2026 indicates the company can generate internal cash to fund near-term operations and capex without immediate external financing. If sustained, this improves liquidity, reduces refinancing pressure, and supports operational continuity over the next several quarters.
Negative Factors
Deeply negative shareholders' equity
Persistently negative equity materially limits financial flexibility and increases insolvency risk. Creditors may impose stricter terms, and the company has reduced capacity to absorb shocks or invest. Over months this constrains strategic options and raises the probability of restructuring or capital raises.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation (FY2026)
The shift to positive operating and free cash flow in FY2026 indicates the company can generate internal cash to fund near-term operations and capex without immediate external financing. If sustained, this improves liquidity, reduces refinancing pressure, and supports operational continuity over the next several quarters.
Read all positive factors
HMT Ltd. (HMT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹89.94B
Dividend YieldN/A
Average Volume (3M)7.22K
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue Growth0.24%
EPS Growth8.13%
CountryIN
Employees618
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-3.70
Shares Outstanding1,493,771,000
10 Day Avg. Volume2,825
30 Day Avg. Volume7,225
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 ...
How the Company Makes Money
null...
HMT Ltd. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
9
Very Negative
Cash Flow
41
Neutral
| Breakdown | Mar 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 | -566.71M | -386.55M | -609.69M |
| 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
Positive
60.41
Price Trends
61.54
Negative
61.02
Negative
55.75
Positive
Market Momentum
-0.73
Positive
45.83
Neutral
43.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HMT, the sentiment is Positive. The current price of 60.41 is below the 20-day moving average (MA) of 61.27, below the 50-day MA of 61.54, and above the 200-day MA of 55.75, indicating a neutral trend. The MACD of -0.73 indicates Positive momentum. The RSI at 45.83 is Neutral, neither overbought nor oversold. The STOCH value of 43.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | ₹339.44B | 14.18 | ― | 1.76% | 13.24% | 89.75% | |
77 Outperform | ₹32.89B | 20.75 | ― | 5.19% | 21.45% | 78.77% | |
72 Outperform | ₹44.05B | 21.84 | ― | 3.05% | 20.79% | 16.84% | |
65 Neutral | ₹38.38B | 36.78 | ― | 0.45% | 24.72% | 12.62% | |
58 Neutral | ₹7.76B | 31.37 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹89.94B | -16.60 | ― | ― | 0.24% | 8.13% |
* General Sector Average
IN:HMT
HMT Ltd.
60.75
6.31
11.59%
IN:ESCORTS
Escorts Kubota Limited
3,074.10
-237.01
-7.16%
IN:SWARAJENG
Swaraj Engines Ltd
3,609.15
-241.88
-6.28%
IN:UNIPARTS
Uniparts India Ltd.
816.95
464.33
131.68%
IN:VSTTILLERS
VST Tillers Tractors Limited
4,491.25
-303.41
-6.33%
IN:INDOFARM
Indo Farm Equipment Ltd.
159.40
-46.20
-22.47%
HMT Ltd. Corporate Events
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...
HMT Limited Fined by Exchanges for Delay in FY 2026 Financial Results
Jul 1, 2026
HMT Limited, a publicly listed Indian industrial company with units across the country, relies on extensive consolidation and audit processes for its standalone and consolidated financial statements. Its listing on BSE and NSE places it under SEBI...
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.