HMT Ltd.
Snapshot View

36.50 +0.65 ▲1.8%

26 July 2021, 09:58:00 A.M.
Volume: 178

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Automobiles-Tractors Compare with Industry peers
Website http://www.hmtindia.com
Financial Indicators
Market Cap 4,316.67 Cr.
Earnings per share (EPS) -0.91 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 25.48 Trailing Twelve Months Ending 2021-03
Book Value / Share -32.12 Trailing Twelve Months Ending 2021-03
Price to Book Value -1.12 Calculated using Price: 35.85
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 120.41 Cr. 1,204,091,640 Shares
FaceValue 10
Company Profile

HMT was conceived by the Government of India in 1949, and was incorporated in 1953, with the objective of producing a limited range of machine tools, required for building an industrial edifice for the country. as a Machine Tool manufacturing company.

With the success achieved in the initial years in absorbing the technology and in attaining production competence far ahead of the original plans, the company launched a bold plan of diversification and expansion which resulted in the duplication of the Bangalore Unit and the setting up of new units at Pinjore, Kalamassery and Hyderabad.In 1967, recession struck the Indian engineering industry and the consumption of machine tools dipped drastically. The traumatic years of recession did indeed serve to bring to the fore two latent strengths of HMT, namely, the urge to survive and the confidence to innovate. With these strengths at full play, the Company emerged from the recession.

With a Watch Factory already established in 1961-62, additional capacities for watch production were contemplated to provide a greater cushion against cyclical fluctuations in capital goods markets and also to meet the burgeoning demand for watches.

The 70s witnessed the fructification of all the diversification plans as envisaged by the company. Then HMT setup, HMT International Limited as a subsidiary company to channel HMT's products and technical services abroad, and two more units for manufacture of Watches, one at Srinagar and one at Tumkur.

HMT took over Machine Tool Corporation at Ajmer as its sixth machine tool unit.

In 1990s the company restructured itself into five Business Groups viz., Machine Tools, Watches, Tractors, Industrial Machinery and Engineering Components as part of Business Reorganisation.

In the new millennium HMT was restructured with addition of three more subsidiaries to those already existing. HMT now comprises of six subsidiaries under the ambit of the Holding Company which also manages the tractors business directly.

To navigate through the challenges of the new millennium, HMT seeks strategic alliances from global leaders to synergise its own strengths with symbiotic inputs from the partners.

The products of the company include: Machine Tools, Watches, Bearing, Tractors, Printing Machinery and Food Processing MachineryHMT MACHINE TOOLS LIMITED is the subsidiary of the company having its manufacturing units at five locations with each unit specialized in a particular family of Machines. The Sales and Service network is spread across the length and breadth of the country.

HMT WATCHES LIMITED: It manufactures Mechanical and Quartz Analog watches. The manufacture of wristwatches started as part of diversification strategy of HMT in the year 1962, under Technical collaboration with CITIZEN Watch Company of Japan with a manufacturing unit at Bangalore.

The product range of HMT WATCHES include more than 1500 models to choose from catering to all segments of the market, from Economy to Premium and Young to the Old.

HMT CHINAR WATCHES LIMITED: HMT, the first company to start watch manufacturing in India has incorporated 'HMT CHINAR WATCHES LIMITED' as its fully owned subsidiary on 4th September 2000 with Jammu as its head quarters.HMT manufactures mechanical and quartz range watches.

HMT Bearings Limited: It was formerly known as Indo-Nippon Bearings & was incorporated in the year 1970. It is the only company of its kind in the public sector set up to manufacture Ball & Roller Bearings. The company was established in technical collaboration with M/s Koyo Seiko Co. Ltd., Japan an internationally reputed manufacturer of Bearings.

In the year 1981, the company became a subsidiary of HMT. The manufacturing unit is located in Hyderabad and marketing and sales offices cater to the whole of India.The company designs, manufactures and supplies Ball Bearings, Cylindrical Roller Bearings and Taper Roller Bearings.

HMT (INTERNATIONAL) LIMITED: It was set up in 1974 as a wholly owned subsidiary of HMT, to undertake exports of goods manufactured by HMT and other leading Indian manufacturers. HMT (I) is headquartered at Bangalore and has a global network extending over 38 countries with 67 representations to service its clientele worldwide. HMT(I) has sold over 12,500 machines in more than 70 countries with efficient after sales service.

Praga Tools Limited: HMT took over Praga Tools Limited as one of its subsidiaries with the transfer of majority of the share holding in the year 1988.Praga Tools has contributed to the development of machine tool industry in the country and created a vast band of skilled technicians..

Milestones achieved

         YEAR       UNITS / DIVISION  

  • 1953  Machine Tools I  
  • 1961  Machine Tools II  
  • 1962  Watch Factory I  
  • 1963  Machine Tools III  
  • 1965  Machine Tools IV  
  • 1967  Machine Tools V  
  • 1971  Tractor Division  
  • 1971  Die Casting Division 
  • 1972  Printing Machinery Division  
  • 1972  Watch Factory II  
  • 1973  Precision Machinery Division 
  • 1975  Machine Tools VI  
  • 1975  HMT (International) Ltd. 
  • 1975  Watch Factory III  
  • 1978  Watch Factory IV  
  • 1981  HMT Bearings Limited  
  • 1981  Quartz Analog Watches 
  • 1982  Watch Factory V 
  • 1982  Specialised Watch Case Division  
  • 1983  Stepper Motor Division  
  • 1985  Ball Screw Division  
  • 1986  CNC Systems Division  
  • 1991  Central Re-conditioning Division 

Awards/ achievements

  • 1960-61 Outstanding Performance by President of India
  • 1961-62 Outstanding Performance by President of India
  • 1970-71 Excellence Performance in Exports by Govt. of Mysore
  • 1971-72 Outstanding Export Performance by Govt. of Mysore
  • 1971-72 Outstanding Export Performance by EEPC
  • 1975-76 National Award for Outstanding Export Performance by Ministry of Commerce
  • 1978-79 Best Product at IMTEX - 79 by PMT & FIE
  • 1982-83 Export Excellence by EEPC
  • 1981-82 Best Product at IMTEX - 82 by FIE Foundation
  • 1982-83 Export Excellence by EEPC
  • 1982-83 Meritorious Performance in the field of Export by Ministry of Commerce
  • 1983 Best Corporate Performance by Harvard Business School Association of India & Economic Times
  • 1983-84 Most Effective Organisation by Foundation for Organisation Research (FORE)
  • 1983-84 Best Productivity by Organisation Research (FORE)
  • 1983-84 Export Excellence by EEPC
  • 1984-85 Best Productivity by National Productivity Council
  • 1984-85 Export Excellence by EEPC
  • 1984-85 Meritorious Performance in the field of Export by Ministry of Commerce
  • 1985-86 Best Product at IMTEX – 86 by CMTI - PMT Trust
  • 1985-86 Best Product at IMTEX - 86 by FIE Foundation
  • 1985-86 Best Productivity by National Productivity Council
  • 1985-86 Export Excellence by EEPC
  • 1986-87 Export Excellence by EEPC
  • 1986-87 Excellence in Productivity by CEI
  • 1986-87 Best Productivity by National Productivity Council
  • 1987-88 Export Excellence by EEPC
  • 1987-88 Best Productivity by National Productivity Council
  • 1988-89 Company Standards by Bureau of Indian Standards
  • 1988-89 Best Product at IMTEX – 89 by CMTI - PMT Trust
  • 1988-89 Best Product at IMTEX – 89 by FIE Foundation
  • 1988-89 Outstanding Performance in Industrial Safety by National Safety Council
  • 1988-89 Best Productivity by National Productivity Council
  • 1988-89 Best Company for HRD Practices by CEI
  • 1990  National Award for R&D Efforts in Industry - 1990 in the Mechanical Industrial Sector by Dept. of Scientific and Industrial Research
  • 1990-91 Best Productivity by National Productivity Council
  • 1990-91 Tech. Development for Machine Tools, Bangalore by Directorate General of Technical Development
  • 1991-92 Best Productivity by National Productivity Council
  • 1992 National Safety by National Safety Council
  • 1994 Best Performance in Company Standardisation by Sir Jahangir Ghandy Trophy
  • 1995 Best Products at IMTEX - 95 by CMTI - PMT Trust Award
  • 1995 Best Product at IMTEX - 95 by FIE Foundation
  • 1995-96 Regional 'Top Exporters Shield' by Engineering Export Promotion Council, Chennai
  • 1996-97 Regional 'Top Exporters Shield -Project Exporters' by Engineering Export Promotion Council, Chennai
  • 1997-98 All India Trophy for Highest Exporters by Engineering Export Promotion Council, Kolkata
  • 1998 Best Product at IMTEX – 98 by FIE Foundation
  • 1998 Best Products at IMTEX - 98 by CMTI - PMT Trust Award
  • 1998-99 Regional Trophy for Highest Exporters in the Group  - Services Exporter by Engineering Export Promotion Council, Southern Region, Chennai
  • 2001 Best Product at IMTEX – 2001 by FIE Foundation
  • 2001 Best Products at IMTEX – 2001 by CMTI - PMT Trust Award

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.81%
1 Week
-4.70%
1 Month
+18.70%
3 Month
+35.19%
6 Month
+67.43%
1 Year
+111.72%
2 Year
+179.69%
5 Year
-10.43%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%)
Return on Capital Employed (%)
Return on Assets (%) -66.06 -78.52 -43.05 -88.58 -38.28 -72.35 -23.50 23.25 21.57

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds -2,637 -3,117 -2,722 -3,284 -4,257 -4,798 -4,894 -4,751 -4,604
Non Curr. Liab. 1,433 1,607 1,286 1,522 389 625 535 338 199
Curr. Liab. 1,835 2,103 2,074 2,381 4,705 4,842 4,979 5,132 5,132
Minority Int. 0 -1 -1 -1 0 0
Equity & Liab. 631 592 639 619 836 668 619 718 728
Non Curr. Assets 144 142 129 111 109 95 88 80 77
Curr. Assets 487 451 509 508 727 573 531 638 651
Misc. Exp. not W/O
Total Assets 631 592 639 619 836 668 619 718 728

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 427 360 275 280 287 218 197 265 263
Other Income 54 66 45 48 151 155 104 90 79
Total Income 481 427 320 328 439 374 302 355 342
Total Expenditure -568 -548 -600 -580 -521 -481 -317 -382 -351
PBIDT -86 -121 -280 -252 -83 -108 -15 -26 -9
Interest -284 -328 -262 -291 -74 -75 -106 -96 -91
Depreciation -16 -14 -13 -12 -14 -13 -12 -11 -11
Taxation 0 -2 -19 -1 0 18 0 -1 -1
Exceptional Items -19 -15 310 -107 -367 -18 289 268
PAT -405 -480 -265 -557 -279 -544 -151 155 156

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -123 -136 -170 -223 -117 -661 -108 -48 -265
Cash Fr. Inv. 6 -9 5 7 -1 5 8 298 271
Cash Fr. Finan. 118 124 244 207 354 541 84 -241 -35
Net Change 1 -22 79 -9 236 -115 -16 8 -29
Cash & Cash Eqvt 77 55 135 126 360 246 230 238 209

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 93.69 93.69 93.69 93.69 93.69 93.69 93.69 93.69 93.69
Public 6.31 6.31 6.31 6.31 6.31 6.31 6.31 6.31 6.31
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Thu, 22 Jul 2021
Clarification For Financial Results - HMT Limited
Clarification for Financial results - HMT Limited
Tue, 20 Jul 2021
Disclosure On Related Party Transactions For Half Year Ended 31St March 2021
Disclosure on Related Party Transactions for Half Year ended 31st March 2021
Mon, 19 Jul 2021
Shareholding for the Period Ended June 30 2021
HMT Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Fri, 23 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone
Both SRS And ARS Above Zero Both SRS And ARS Above Zero

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