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HMT Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹101.53Undervalued by 69.22%vs CMP ₹60.00

P/E (15.0) × ROE (15.0%) × BV (₹55.30) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹40.12Overvalued by 33.13%vs CMP ₹60.00
MoS: -49.6% (Negative)Confidence: 38/100 (Low)Models: 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹55.9842%Fair (-6.7%)
Earnings PowerEarnings₹45.8933%Over (-23.5%)
Revenue MultipleRevenue₹5.9925%Over (-90%)
Consensus (3 models)₹40.12100%Overvalued
Key Drivers: EPS CAGR -44.9% drags value — could be higher if earnings stabilize. | Wide model spread (₹6–₹56) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -44.9% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Analyst Summary

HMT Ltd operates in the Auto - Tractors segment, NSE: HMT | BSE: 500191, current market price is ₹60.00, market cap is 2,134 Cr.. At a glance, ROE is %, ROCE is %, book value is 55.3, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹40.12, around 33.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹142 Cr versus the prior period change of -12.9%, while latest net profit is about ₹-143 Cr with a prior-period change of -105.6%. The 52-week range shown on this page is 75.5/41.0, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisHMT Ltd. is a Public Limited Listed company incorporated on 07/02/1953 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L29230KA1953GOI…

This summary is generated from the stock page data available for HMT Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

37
HMT Ltd scores 37/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health34/100 · Weak
ROCE 0.0% WeakROE 0.0% WeakD/E -0.01 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 93.7% Stable
Earnings Quality50/100 · Moderate
OPM contracting (-48% → -78%) DecliningWorking capital: -5,176 days (improving) Efficient
Quarterly Momentum15/100 · Weak
Revenue (4Q): -23% YoY DecliningProfit (4Q): -106% YoY DecliningOPM: -145.0% (down 90.0% YoY) Margin pressure
Industry Rank40/100 · Moderate
3Y sales CAGR: -7% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:03 am

Market Cap 2,134 Cr.
Current Price 60.0
Intrinsic Value₹40.12
High / Low 75.5/41.0
Stock P/E
Book Value 55.3
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for HMT Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
HMT Ltd 2,134 Cr. 60.0 75.5/41.0 55.30.00 %%% 10.0
VST Tillers Tractors Ltd 4,272 Cr. 4,937 6,374/2,87534.0 1,2260.41 %12.5 %9.54 % 10.0
Escorts Kubota Ltd 31,630 Cr. 2,827 4,180/2,73024.3 1,0620.99 %13.6 %12.8 % 10.0
Industry Average12,678.67 Cr2,608.0029.15781.100.47%13.05%11.17%10.00

All Competitor Stocks of HMT Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 263810846363249324229402526
Expenses 5155137685755945365461044663
Operating Profit -25-17-29-22-20-23-46-21-23-17-64-21-37
OPM % -94%-44%-27%-47%-56%-71%-93%-67%-55%-57%-162%-86%-145%
Other Income 916231110102,7031412-15521316
Interest 19171617171718201417191816
Depreciation 2242222222122
Profit before tax -36-20-26-30-29-322,638-29-27-51-33-28-39
Tax % 0%0%31%0%0%0%-0%0%0%0%9%0%0%
Net Profit -36-20-34-30-29-322,641-29-27-51-36-28-39
EPS in Rs -1.03-0.56-0.94-0.84-0.81-0.8974.27-0.81-0.76-1.44-1.01-0.78-1.10

Last Updated: January 1, 2026, 10:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 10:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 269275228190195263260204176204163142111
Expenses 593567307727318275299274261298274268257
Operating Profit -324-292-79-537-123-12-39-70-85-94-110-125-146
OPM % -120%-106%-34%-283%-63%-5%-15%-35%-49%-46%-68%-88%-132%
Other Income 35340-136474824527158702572,7356296
Interest 2622915362666765847469687070
Depreciation 131210111091010109877
Profit before tax -246-556-278-562-151156157-105533-1152,548-140-127
Tax % 8%0%0%-3%-0%0%1%4%0%7%-0%2%
Net Profit -265-557-278-544-151155156-110533-1232,551-143-130
EPS in Rs -3.48-4.63-2.31-4.52-1.264.364.38-3.0914.97-3.4671.73-4.02-3.66
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-110.19%50.09%-95.68%72.24%202.65%0.65%-170.51%584.55%-123.08%2173.98%-105.61%
Change in YoY Net Profit Growth (%)0.00%160.28%-145.77%167.93%130.41%-202.00%-171.16%755.06%-707.62%2297.06%-2279.59%

HMT Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-6%
5 Years:-11%
3 Years:-7%
TTM:-9%
Compounded Profit Growth
10 Years:6%
5 Years:%
3 Years:%
TTM:-8%
Stock Price CAGR
10 Years:5%
5 Years:27%
3 Years:33%
1 Year:-32%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 6:25 am

Balance Sheet

Last Updated: December 10, 2025, 2:48 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 7601,2041,2041,2041,204356356356356356356356356
Reserves -4,142-5,149-5,461-6,002-6,098-5,107-4,959-5,069-4,536-4,659-2,108-2,254-2,322
Borrowings 1,9732,2053234,4014,5144,3444,3764,4053,7533,7641,0291,0291,029
Other Liabilities 2,1002,4134,7701,0941,0271,1559761,0091,0871,2511,3441,4131,458
Total Liabilities 691673836697647748748700660711622544521
Fixed Assets 112948876665966605344403633
CWIP 13137911157674322
Investments 1111100000000
Other Assets 565565740611569673675635600663578506486
Total Assets 691673836697647748748700660711622544521

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -170-223-117-661-108-43-269-71-50103-847-46
Cash from Investing Activity + 57-158298188-2745-28-4830
Cash from Financing Activity + 24420735454184-246-357-74828-7
Net Cash Flow 79-9236-115-168-116-92-1379-67-24
Free Cash Flow -170-223-122-662-109243-11-73-5598-850-48
CFO/OP 52%76%148%127%87%-102%602%100%54%-115%-0%34%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-325.00-294.00-402.00-541.00-127.00-16.00-43.00-74.00-88.00-97.00-111.00-126.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 124145160185196231211302323333299318
Inventory Days 8337586381,0291,1481,243754720667412585447
Days Payable 245214304508528628405390361254420396
Cash Conversion Cycle 713689494706816846560632630491464369
Working Capital Days -2,231-2,581-6,931-8,622-8,680-6,531-6,544-8,803-9,124-8,194-4,473-5,176
ROCE %

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 93.69%93.69%93.69%93.69%93.69%93.69%93.69%93.69%93.69%93.69%93.69%93.69%
Government 5.61%5.61%5.61%5.61%5.61%5.61%5.61%5.61%5.61%5.61%5.61%5.61%
Public 0.70%0.71%0.71%0.71%0.70%0.70%0.71%0.71%0.71%0.71%0.70%0.70%
No. of Shareholders 17,99718,14318,16118,78520,12321,51025,11625,64327,03427,93027,69627,509

Shareholding Pattern Chart

No. of Shareholders

HMT Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -4.0271.73-3.4614.97-3.09
Diluted EPS (Rs.) -4.0271.73-3.4614.97-3.09
Cash EPS (Rs.) -3.8171.96-3.1915.26-2.81
Book Value[Excl.RevalReserv]/Share (Rs.) -53.37-49.27-121.01-117.55-132.56
Book Value[Incl.RevalReserv]/Share (Rs.) -53.37-49.27-121.01-117.55-132.56
Revenue From Operations / Share (Rs.) 4.004.595.734.945.73
PBDIT / Share (Rs.) -1.77-1.59-1.10-1.71-0.40
PBIT / Share (Rs.) -1.98-1.83-1.37-1.98-0.67
PBT / Share (Rs.) -3.94-3.74-3.28-4.08-3.04
Net Profit / Share (Rs.) -4.0271.73-3.4614.98-3.09
NP After MI And SOA / Share (Rs.) -4.0271.73-3.4614.97-3.09
PBDIT Margin (%) -44.22-34.68-19.27-34.56-7.02
PBIT Margin (%) -49.46-39.75-23.85-40.16-11.78
PBT Margin (%) -98.42-81.40-57.30-82.53-52.95
Net Profit Margin (%) -100.521561.18-60.29303.12-53.82
NP After MI And SOA Margin (%) -100.521561.18-60.30302.83-53.82
Return on Networth / Equity (%) 0.00-145.580.00-12.730.00
Return on Capital Employeed (%) 3.993.781.141.700.51
Return On Assets (%) -27.20422.58-17.6583.00-16.07
Total Debt / Equity (X) -0.56-0.60-0.87-0.88-0.01
Asset Turnover Ratio (%) 0.250.250.300.010.02
Current Ratio (X) 0.200.230.120.100.11
Quick Ratio (X) 0.160.180.100.070.08
Inventory Turnover Ratio (X) 1.340.760.780.050.14
Interest Coverage Ratio (X) -0.90-0.83-0.56-0.81-0.17
Interest Coverage Ratio (Post Tax) (X) -1.05-0.91-0.81-0.94-0.33
Enterprise Value (Cr.) 2567.152353.544381.404503.52954.62
EV / Net Operating Revenue (X) 18.0414.4021.5025.634.68
EV / EBITDA (X) -40.79-41.53-111.51-74.14-66.68
MarketCap / Net Operating Revenue (X) 11.999.394.265.255.35
Price / BV (X) -0.89-0.87-0.20-0.22-0.23
Price / Net Operating Revenue (X) 12.009.394.265.255.35
EarningsYield -0.081.66-0.140.57-0.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

HMT Ltd. is a Public Limited Listed company incorporated on 07/02/1953 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L29230KA1953GOI000748 and registration number is 000748. Currently Company is involved in the business activities of Manufacture of machinery for the dairy industry. Company's Total Operating Revenue is Rs. 26.17 Cr. and Equity Capital is Rs. 355.60 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto - TractorsHMT Bhavan, Bengaluru Karnataka 560032Contact not found
Management
NamePosition Held
Mr. Rajesh KohliChairman & Managing Director
Ms. Sameena KohliDirector - Finance
Dr. Kartik Chandulal BhadraIndependent Director
Mr. Datania Dineshbhai RamjibaiIndependent Director
Mr. Prem Chandra MauryaGovernment Nominee Director

FAQ

What is the intrinsic value of HMT Ltd and is it undervalued?

As of 23 April 2026, HMT Ltd's intrinsic value is ₹40.12, which is 33.13% lower than the current market price of ₹60.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹55.3), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of HMT Ltd?

HMT Ltd is trading at ₹60.00 as of 23 April 2026, with a FY2026-2027 high of ₹75.5 and low of ₹41.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,134 Cr..

How does HMT Ltd's P/E ratio compare to its industry?

HMT Ltd has a P/E ratio of , which is below the industry average of 29.15. This is broadly in line with or below the industry average.

Is HMT Ltd financially healthy?

Key indicators for HMT Ltd: ROCE of % is on the lower side compared to the industry average of 13.05%; ROE of % is below ideal levels (industry average: 11.17%). Dividend yield is 0.00 %.

Is HMT Ltd profitable and how is the profit trend?

HMT Ltd reported a net profit of ₹-143 Cr in Mar 2025 on revenue of ₹142 Cr. Compared to ₹533 Cr in Mar 2022, the net profit shows a declining trend.

Does HMT Ltd pay dividends?

HMT Ltd has a dividend yield of 0.00 % at the current price of ₹60.00. The company is currently not paying meaningful dividends.

Last Updated: April 2, 2026, 3:03 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500191 | NSE: HMT
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in HMT Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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