HMT
HMT share price & financials
- Price
- ₹62.92
- Market cap
- ₹2.3k Cr
- Sector
- Capital Goods
What HMT Limited does
HMT Limited is a Government of India Central Public Sector Enterprise under the Ministry of Heavy Industries, incorporated in 1953 and headquartered in Bengaluru. At the standalone level it runs two business units: a Food Processing (dairy) Machinery unit that makes production and processing equipment for the dairy industry, and an Auxiliary Business Division that assembles and sells HMT-brand watches and legacy tractor spare parts. Its group companies extend into CNC machine-tool manufacturing and export trading of Indian engineering and agricultural equipment.
Segments
- Food Processing (Dairy) Machinery
- Auxiliary Business Division
- Corporate status
- Government of India Central Public Sector Enterprise (Ministry of Heavy Industries)
- Standalone business units
- Food Processing (Dairy) Machinery Unit and Auxiliary Business Division (Watch Assembly), both based in Bengaluru
- Subsidiaries
- 3 — HMT Machine Tools Ltd (CNC machine tools manufacturer), HMT (International) Ltd (export arm), HMT Watches Ltd (manufacturing operations closed since 2016)
- Associate/JV company
- SUDMO-HMT Process Engineers (India) Ltd (no business transacted in FY2024-25)
- Export markets (via HMT International)
- Africa, Latin America, CIS and other emerging markets
- EEPC Export Promotion Awards received (HMT International)
- 50+
Quarterly results
Q1 FY27: revenue up 16.0%, net profit down 3.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 42 | 29 | 40 | 25 | 26 −38% | 21 −28% | 71 +78% | 29 +16% |
| EBITDA | -23 | -17 | -62 | -21 | -37 −61% | -23 −35% | -30 +52% | -23 −10% |
| Net profit | -27 | -51 | -36 | -28 | -39 −44% | -27 +47% | -37 −3% | -29 −4% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +11.0% 1Y
1Y: ₹57.08 on 10 Sept 2025 → ₹63.36. High ₹71.36 (23 Jun 2026), low ₹41.44 (27 Jan 2026).
Financials, as filed
Revenue fell 11.2% a year over 3 years, FY23 to FY26. Operating margin narrowed to -77.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹204 Cr | ₹163 Cr | ₹143 Cr | ₹143 Cr |
| Operating profit | ₹-95 Cr | ₹-111 Cr | ₹-123 Cr | ₹-111 Cr |
| Operating margin | -46.6% | -68.1% | -86.0% | -77.6% |
| Interest | ₹69 Cr | ₹69 Cr | ₹70 Cr | ₹69 Cr |
| Depreciation | ₹10 Cr | ₹8 Cr | ₹7 Cr | ₹7 Cr |
| Net profit | ₹-123 Cr | ₹2.5k Cr | ₹-143 Cr | ₹-131 Cr |
| Net margin | -60.3% | 1564.4% | -100.0% | -91.6% |
| Cash from operations | ₹103 Cr | ₹-847 Cr | ₹-46 Cr | — |
| Free cash flow | ₹98 Cr | ₹-850 Cr | ₹-48 Cr | — |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹356 Cr | ₹356 Cr | ₹356 Cr | ₹356 Cr | ₹356 Cr | ₹356 Cr |
| Reserves | ₹-5.1k Cr | ₹-4.5k Cr | ₹-4.7k Cr | ₹-2.2k Cr | ₹-2.3k Cr | ₹-2.4k Cr |
| Borrowings | ₹4.4k Cr | ₹3.8k Cr | ₹3.8k Cr | ₹1.1k Cr | ₹1.0k Cr | ₹1.0k Cr |
| Other liabilities | ₹1.0k Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.4k Cr | ₹1.5k Cr | ₹1.5k Cr |
| Total liabilities | ₹700 Cr | ₹660 Cr | ₹711 Cr | ₹612 Cr | ₹521 Cr | ₹536 Cr |
| Fixed assets | ₹60 Cr | ₹53 Cr | ₹44 Cr | ₹36 Cr | ₹33 Cr | ₹30 Cr |
| Capital work in progress | ₹6 Cr | ₹7 Cr | ₹4 Cr | ₹3 Cr | ₹2 Cr | ₹2 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹635 Cr | ₹600 Cr | ₹663 Cr | ₹572 Cr | ₹486 Cr | ₹503 Cr |
| Total assets | ₹700 Cr | ₹660 Cr | ₹711 Cr | ₹612 Cr | ₹521 Cr | ₹536 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 6% to 26,136.
- Promoters
- 93.7%
- Government
- 5.6%
- Public
- 0.7%
Since Jun 2025
- Public −0.01 pp
- Promoters 0.00 pp
- Government 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 93.7%, Government 5.6%, Public 0.7%.Dec '23: Promoters 93.7%, Government 5.6%, Public 0.7%.Mar '24: Promoters 93.7%, Government 5.6%, Public 0.7%.Jun '24: Promoters 93.7%, Government 5.6%, Public 0.7%.Sep '24: Promoters 93.7%, Government 5.6%, Public 0.7%.Dec '24: Promoters 93.7%, Government 5.6%, Public 0.7%.Mar '25: Promoters 93.7%, Government 5.6%, Public 0.7%.Jun '25: Promoters 93.7%, Government 5.6%, Public 0.7%.Sep '25: Promoters 93.7%, Government 5.6%, Public 0.7%.Dec '25: Promoters 93.7%, Government 5.6%, Public 0.7%.Mar '26: Promoters 93.7%, Government 5.6%, Public 0.7%.Jun '26: Promoters 93.7%, Government 5.6%, Public 0.7%.
Who is on the register
Named in the Jun 2026 filing
Every holder of HMT Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| President Of India | 56.83% | unchanged |
| President of India - 2 | 36.85% | unchanged |
| Special National Investment Fund NBFC / DFI | 5.61% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse HMT Limited
Guides on how to read this kind of business and the numbers that matter.