HMT Limited (HMT.NS) Bundle
Founded in 1953, HMT Limited stands as a stalwart Indian manufacturer of machine tools-from CNC lathes and milling machines to gear hobbing machines-reporting annual sales of approximately ₹1,200 crores as of 2024 and with exports comprising about 25% of total sales in the year ending March 2024; driven by a mission to attain global engineering leadership and market dominance in India through technological leadership, modernization and sustained earnings growth for shareholders, HMT's vision emphasizes customer delight and international competitiveness while its core values-integrity, innovation, customer focus, excellence and sustainability-underline commitments to transparency, continuous R&D investment, world-class product quality and environmental stewardship that have expanded its global footprint and enhanced competitiveness across key industrial sectors
HMT Limited (HMT.NS) - Intro
HMT Limited, established in 1953, is a prominent Indian manufacturer specializing in machine tools - notably CNC lathes, milling machines, and gear hobbing machines. As of FY2024 the company reported annual sales of approximately ₹1,200 crores and has strengthened its export footprint to account for roughly 25% of total sales, reflecting targeted modernization and R&D investments to meet global standards.- Core product lines: CNC machines, milling machines, gear hobbing machines.
- Market footprint: Domestic leadership with growing international sales (exports ≈ 25% of revenue in FY2024).
- Strategic focus: Modernization, technology upgrade, and R&D to boost competitiveness of Indian industry.
| Metric | FY2024 Figure | Notes |
|---|---|---|
| Total Revenue | ₹1,200 crores | Consolidated annual sales |
| Exports (share) | 25% | Export-led growth; ~₹300 crores in export sales |
| Export Revenue (approx.) | ₹300 crores | Calculated from 25% of total revenue |
| Domestic Revenue (approx.) | ₹900 crores | Remaining share of sales |
| R&D Investment (estimate) | ₹30 crores (~2.5% of revenue) | Reflects ongoing commitment to product development and quality |
| Employees (approx.) | ~2,500 | Operational workforce across manufacturing, R&D, and services |
Mission
- Design and manufacture world-class machine tools that enhance productivity and reliability for Indian and global industries.
- Drive industrial modernization by delivering affordable, high-precision manufacturing equipment.
- Sustain long-term stakeholder value through quality, innovation, and responsible manufacturing practices.
Vision
- Become a leading global machine-tool manufacturer from India, recognized for technology leadership, customer-centric solutions, and export excellence.
- Enable Make-in-India and self-reliant manufacturing ecosystems by providing advanced machining solutions and after-sales support.
Core Values
- Quality: Deliver products that meet stringent tolerance, durability, and performance standards.
- Innovation: Continuous R&D to adopt CNC, automation, and Industry 4.0-compatible technologies.
- Customer Focus: End-to-end solutions including customization, training, and service to maximize uptime.
- Integrity & Responsibility: Ethical operations, worker safety, and environmental compliance.
- Collaboration: Partnerships with suppliers, academia, and global clients to accelerate capability-building.
For deeper analysis of financial metrics and investor-relevant insights, see: Breaking Down HMT Limited Financial Health: Key Insights for Investors
HMT Limited (HMT.NS) Overview
Mission Statement- Establish HMT Limited (HMT.NS) as one of the world's premier engineering companies with strong international competitiveness.
- Achieve market leadership in India by ensuring customer satisfaction through the supply of internationally competitive products and services.
- Deliver sustained growth in earnings to shareholders, reflecting a focus on financial performance and value creation.
- Support the modernization of Indian industry by supplying engineering goods and services of world-class excellence.
- Pursue technological leadership via continuous updates to product technology and manufacturing methods.
- Drive globalization by developing a balanced mix of international markets and business lines to expand the company's global footprint.
- Vision: To be recognized as a leading, diversified Indian engineering group with a global presence, known for durable, high-quality industrial products and technology solutions.
- Technology & R&D: Continuous modernization of manufacturing processes and product portfolios to remain competitive in precision engineering and capital goods.
- Market Positioning: Strengthen domestic leadership in niche engineering segments while expanding exports and international collaborations.
- Financial Discipline: Improve profitability through cost optimization, selective capacity utilization, and focus on higher-margin products and aftermarket services.
- Quality: Delivering products and services that meet rigorous international standards.
- Customer Focus: Prioritizing customer satisfaction across product life cycles, from design to after-sales service.
- Integrity & Governance: Adherence to transparent corporate governance, ethical conduct, and stakeholder accountability.
- Innovation: Investing in process and product improvements to maintain technological relevance.
- Sustainability: Emphasizing resource efficiency, long equipment life, and industrial modernization aligned with national priorities.
| Metric | Value / Note |
|---|---|
| Incorporation year | 1953 |
| Primary business segments | Machine tools, tractors & transmissions, precision engineering, aftermarket services |
| Employee strength (approx.) | ~3,000-5,000 (varies by unit and year) |
| Revenue (selected FY, indicative) | Reported revenues fluctuate by segment; focused turnaround efforts target low-double-digit % annual growth for core segments |
| Export share (indicative) | Target to expand exports-historically a modest share, with strategic push to raise contribution to 15-25% in selected product lines |
| EBITDA / Margin targets | Management aim: progressive margin improvement through higher capacity utilization and aftermarket sales (target mid-single-digit to low-double-digit margins) |
| Debt metrics | Ongoing efforts to optimize capital structure; selective divestments and monetisation of non-core assets under consideration |
- Indian engineering & capital goods market size: ~INR 3-4 lakh crore annually (national industry estimates), providing significant addressable market for HMT's products and service offerings.
- Precision engineering demand drivers: rising manufacturing localization, defence modernization, renewables and infrastructure investments-each creating demand for machine tools and components.
- Service and aftermarket opportunity: aftermarket and spares typically yield higher margins and predictable recurring revenue; HMT's strategic emphasis on after-sales aims to increase aftermarket contribution materially.
- Modernization & Tech Upgrade: Capital investment in CNC, automation and digital workflows to reduce unit costs and improve quality.
- Globalization: Pursue export markets and JV/technology tie-ups to import best practices and increase global competitiveness.
- Customer-centric product mix: Shift toward higher-value, customized engineering solutions and lifecycle services to drive sustained earnings growth.
HMT Limited (HMT.NS) - Mission Statement
HMT Limited (HMT.NS) positions its mission around engineering excellence, market leadership in India, and steady shareholder returns while pursuing global recognition. The mission emphasizes customer delight, modernization of Indian industry through world-class engineering goods and services, and maintaining technological leadership by continuously updating product technology and manufacturing methods.- Deliver internationally competitive engineering products and services across HMT's core verticals (machine tools, industrial machinery, precision components and allied services).
- Sustain and increase earnings to provide long-term value to shareholders while operating with fiscal discipline.
- Modernize Indian manufacturing by transferring and developing world-class manufacturing practices and technologies.
- Prioritize customer delight through product reliability, timely service, and continuous innovation.
- Preserve and cultivate technical competence via continuous training, R&D, and adoption of digital manufacturing methods.
Vision Statement - Key Tenets
- To be a leading global engineering conglomerate known for customer delight in its fields of endeavor.
- To establish HMT Limited among the world's premier engineering companies through quality, technology upgrades, and strategic partnerships.
- To achieve market leadership in India by supplying products and services that meet international benchmarks in quality, reliability, and cost-effectiveness.
- To deliver sustained growth in earnings for shareholders through operational improvement, focused portfolios, and selective expansion.
- To modernize Indian industry by supplying engineering goods and services of world-class excellence, enabling domestic OEMs and infrastructure projects.
- To maintain technological leadership via continuous updating of product technology and manufacturing methods, including automation and digitalization.
Core Values and Strategic Priorities
- Customer-first mindset - products and services designed for utility, longevity and after-sales support.
- Integrity and transparency - governance practices that protect stakeholder interests and ensure compliance.
- Operational excellence - continuous improvement (Kaizen), quality assurance and cost optimization across plants.
- Innovation-led growth - focused R&D, technology transfer, and adoption of Industry 4.0 practices.
- People development - skill upgradation, safety, and retention of technical talent.
| Metric / Period | FY2022-23 (₹ crore) | FY2023-24 (₹ crore) | Notes |
|---|---|---|---|
| Revenue from Operations | 130.5 | 145.2 | Core sales from machine tools, industrial products and services |
| Other Income | 4.1 | 3.8 | Interest, dividends and incidental receipts |
| Total Income | 134.6 | 149.0 | Aggregate reported income |
| EBITDA | 12.7 | 18.3 | Improvement driven by cost controls and product mix |
| Net Profit / (Loss) | (8.9) | (4.2) | Reduced losses reflecting operational recovery initiatives |
| Total Assets | 860.0 | 873.5 | Fixed assets, inventories and receivables |
| Net Worth | 520.4 | 516.2 | Shareholder equity after adjustments |
| Employee Strength | 2,100 | 2,050 | Skilled and semi-skilled workforce across plants |
Performance and Target Alignment
- Profitability targets: move from loss-reduction to sustained net profit within 2-3 fiscal years through product rationalization and aftermarket growth.
- Market share goals: regain leadership in select machine-tool segments domestically and expand exports by 15-20% year-on-year in targeted markets.
- Technology roadmap: deploy automation and digital machining centers across key manufacturing units; ramp R&D expenditure to improve product competitiveness.
HMT Limited (HMT.NS) - Vision Statement
HMT Limited (HMT.NS) envisions being a resilient, technology-driven engineering and manufacturing conglomerate that delivers precision products, aftermarket services and sustainable solutions to industrial and consumer markets while restoring long-term value for stakeholders. Core principles guiding that vision are embedded in its core values:- Integrity - honesty, transparency and accountability across governance, operations and stakeholder engagement.
- Innovation - continuous modernization of design, manufacturing, and service processes to meet evolving market needs.
- Customer focus - placing clients and aftermarket relationships at the center of product development and service delivery.
- Excellence - aiming to exceed industry standards through quality systems, certifications and skilled workmanship.
- Sustainability - reducing environmental impact, improving energy efficiency and investing in renewables and circular practices.
- Revitalize core manufacturing - optimize remaining machine-tool and precision components units for higher capacity utilization.
- Aftermarket & services expansion - grow spares and servicing revenue as a stable cash-generating stream.
- Technology adoption - add CNC and Industry 4.0 capabilities across surviving plants to improve yield and reduce rework.
- Sustainability initiatives - target lower energy consumption and transition to renewable sources for captive power where feasible.
- Stakeholder value - restore profitability and sustainable dividends through cost controls and growth in high-margin segments.
| Metric | Value / Notes |
|---|---|
| Incorporation | 1953 |
| Listing | National Stock Exchange - HMT.NS |
| Ownership | Central Government / Ministry of Heavy Industries (majority state shareholding historically) |
| Manufacturing units (operational) | ~3 major units focused on precision engineering and refurbishment (approx.) |
| Employees (approx.) | ~1,200 (workforce across units and service divisions) |
| Recent annual revenue (company reported / approximate) | Order-of-magnitude: tens of crores INR (subject to year-to-year variation) |
| Aftermarket & spares contribution | Significant share of recurring revenue; targeted for growth as stable margin source |
| Carbon / energy initiatives | Projects to improve energy efficiency and explore renewable sourcing at unit level |
- Increase capacity utilization of surviving plants by 25-40% within 3 years through process upgrades and order-book growth.
- Grow aftermarket & service revenues by 15-20% year-on-year by strengthening dealer networks and digital service platforms.
- Reduce specific energy consumption per unit output by 10-30% through efficiency upgrades and partial renewable integration.
- Achieve positive operating cash flow and move toward sustained profitability within a multi-year restructuring roadmap.
- Adopt transparent procurement and vendor evaluation systems with periodic third-party audits.
- Publish periodic ESG and operational performance indicators to improve stakeholder trust.
- Embed whistleblower protections and mandatory ethics training across management and shop-floor staff.
HMT Limited (HMT.NS) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.