HMT Ltd - Stock Valuation and Financial Performance

BSE: 500191 | NSE: HMT | Engineering - Industrial Equipments | Small Cap

HMT Share Price

43 -2.24 -4.95%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on HMT

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

HMT stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
5,195.7 Cr.
52-wk low:
23.3
52-wk high:
74.8

Is HMT Ltd an attractive stock to invest in?

1. Is HMT Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that HMT Ltd is a below average quality company.

2. Is HMT Ltd undervalued or overvalued?

The key valuation ratios of HMT Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is HMT Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of HMT Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of HMT:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
HMT Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -8.6%-7%0.1%-15.7%5.2%4.7%9.7%3.8%4.1%0.6%-
Value Creation
Index
-1.6-1.5-1.0-2.1-0.6-0.7-0.3-0.7-0.7-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 79.461.246.223.316.12126.423.512.651.652
Sales YoY Gr.--22.9%-24.6%-49.6%-30.7%30.5%25.3%-11%-46.4%310.1%-
Adj EPS -1.4-0.8-0.1-0.900.31.90.81.10.2-0.1
YoY Gr.-NANANANA675%516.1%-59.7%39%-83.2%-
BVPS (₹) 0.53.22.80.90.83.310.210.91212.210.7
Adj Net
Profit
-104-96.7-17.1-1035.311.26827.438.26.5-8
Cash Flow from Ops. -78.1-37.7615-366-84.8-11.5-300-7.2-54.4112-
Debt/CF from Ops. -1.3-3.10.3-1.4-7.1-56.6-2.2-93.8-12.56.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4.7%26.2%25.1%310.1%
Adj EPS NA35.1%-54.5%-83.2%
BVPS43.9%71.2%6.3%1.7%
Share Price 4.2% 18.1% 9.7% 79.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-13.6-8.9-2.5-46.85.310.328.47.39.41.5-0.6
Op. Profit
Mgn %
-229.4-182-224.8-523.1-106-127.7-97.6-63.7-168-61.9-90.8
Net Profit
Mgn %
-131.2-157.9-37.1-443.833.253.2257.911730412.6-16.2
Debt to
Equity
0.10.10.54.865.51.81.71.61.6-
Working Cap
Days
2,9773,6822,7851,0581,1141,9123,3765,08911,2403,0171,935
Cash Conv.
Cycle
249320320411413318157134305115-1,051

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 25.09%

Debt to equity has declined versus last 3 years average to 1.56

Sales growth is good in last 4 quarters at 104.37%

Return on Equity is Poor

Latest Financials - HMT Ltd.

Standalone Consolidated
TTM EPS (₹) -0.1 -1
TTM Sales (₹ Cr.) 52.1 222
BVPS (₹.) 10.7 -29.4
Reserves (₹ Cr.) 89 -4,749
P/BV 4.02 -1.47
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 23.25 / 74.80
All Time Low / High (₹) 3.35 / 163.50
Market Cap (₹ Cr.) 5,196
Equity (₹ Cr.) 1,204.1
Face Value (₹) 10
Industry PE 46

Management X-Ray of HMT:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales79614623162126231352
Operating Expenses 263173150145334852383484
Manufacturing Costs131032233445
Material Costs544230126192412540
Employee Cost 90100915111111411107
Other Costs 106212680131511111431
Operating Profit -184-111-104-122-17-27-26-15-21-32
Operating Profit Margin (%) -231.0%-182.0%-224.0%-523.0%-106.0%-128.0%-97.6%-63.7%-168.0%-61.9%
Other Income 323611586717175667049
Interest 141825254133251790
Depreciation 3333222222
Exceptional Items 27500-195-189257000
Profit Before Tax 106-97-17-258-717279323815
Tax 1900-190031408
Profit After Tax 87-97-17-239-71724827387
PAT Margin (%) 109.9%-157.0%-37.1%-1,030.0%-44.5%82.0%941.4%117.2%305.0%13.7%
Adjusted EPS (₹)1.2-0.8-0.1-2.0-0.10.57.00.81.10.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 6951,040338102100117361387427434
Share Capital 1,4201,8641,2041,2041,204356356356356356
Reserves -726-824-866-1,102-1,104-2385327178
Minority Interest0000000000
Debt8493643393202251221800
Long Term Debt4858283323202251221800
Short Term Debt3635367000000
Trade Payables31201916336624
Others Liabilities 659278459470503711660769794888
Total Liabilities 1,4701,4318809289271,0561,1491,1791,2221,326

Fixed Assets

Gross Block139139143130130131129129129130
Accumulated Depreciation111115121114116117117118120121
Net Fixed Assets282422161414121099
CWIP 0000000000
Investments 764764764723723722722720720720
Inventories433425192013810810
Trade Receivables31211564334218
Cash Equivalents 4418913614414610210757174
Others Assets559570442822158302328425396
Total Assets 1,4701,4318809289271,0561,1491,1791,2221,326

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -78-38615-366-85-11-300-7-54112
PBT 106-97-17-315-1117279323815
Adjustment -188616-212-23-287-29-23-20
Changes in Working Capital 453616-30-75-4-260-9-66120
Tax Paid 0000-1-2-32-1-4-4
Cash Flow From Investing Activity -43122824205-2046-39
Capex 00-1008258-10-4
Net Investments 000001-63-3041-44
Others -43122815101169
Cash Flow From Financing Activity 1219-63649184-10-12000
Net Proceeds from Shares 661000000000
Net Proceeds from Borrowing -4711800000000
Interest Paid -69-10-14-24-60-12000
Dividend Paid 0000000000
Others 00-62251591-100000
Net Cash Flow 39-26-912772-107-27-873
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0-46.54-4.77-108.7-7.0715.86103.87.359.431.64
ROCE (%)10.99-6.540.99-42.75.166.8934.224.724.331.36
Asset Turnover Ratio0.050.040.040.030.020.020.020.020.010.04
PAT to CFO Conversion(x)-0.9N/AN/AN/AN/A-0.65-1.21-0.26-1.4216
Working Capital Days
Receivable Days1501521431661176544609871
Inventory Days17322723334043328614914427064
Payable Days228217234517557626516825727

HMT Ltd Stock News

HMT Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of HMT on 28-Mar-2024 16:01 is ₹43.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of HMT stood at ₹5,195.7.
The latest P/E ratio of HMT as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of HMT as of 28-Mar-2024 16:01 is 4.02.
The 52-week high of HMT is ₹74.80 and the 52-week low is ₹23.25.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HMT is ₹52.06 ( Cr.) .

About HMT Ltd

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
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.