HMT shines on plans to foray into defence sector

HMT Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 500191 | NSE: HMT

26 Oct 2012 Evaluate

HMT is currently trading at Rs. 44.45, up by 0.55 points or 1.25% from its previous closing of Rs. 43.90 on the BSE.

The scrip opened at Rs. 44.50 and has touched a high and low of Rs. 45.00 and Rs. 44.20 respectively. So far 30,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 53.50 on 09-Feb-2012 and a 52 week low of Rs. 26.85 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 46.85 and Rs. 43.65 respectively. The current market cap of the company is Rs. 3,368.00 crore.

The promoters holding in the company stood at 98.88% while Institutions and Non-Institutions held 0.04% and 1.08% respectively.

HMT, a public sector company is planning to foray into aerospace vertical and into manufacturing of weapons and missile components. The machine and tools maker company is currently making components for various weapons and this had prompted it to think of making weapons, mainly guns and rifles of various specifications. The company will held a discussion with Ministry of Defence in this regards.

Besides, the company is also eyeing a turnover of Rs 1,000 crore in the next five years. The company’s order book is full this year with orders worth Rs 260 crore. The company is also expecting another Rs 200 crore orders by end of March next year. Out of the received order worth Rs 260 crore, about Rs 90 crore worth orders are from the Defence sector. Further, the company is also keen to be associated with the proposed Kochi Metro project.

HMT manufactures engineering goods like machine tools, watches, tractors, printing machines, die casting and plastic processing machinery, metal forming presses and bearings. 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.

HMT Share Price

62.28 2.96 (4.99%)

18-Jun-2026 14:24 View Price Chart

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