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Employees: 552
Size HMT (HMT.NS) is an India Industrials company (Industrial Machinery) with a market value of $849M, the 645th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹52.90 on 6 Nov 2026.
Performance Over six months the shares fell 14.8%, against -23.8% for the median peer and 0.0% for the India market (cap-weighted) — 6th highest of 19 in its peer set.
Growth Revenue grew 8.8% over the last twelve months (peer median +7.7%); the operating margin is -82.1% (peer median 8.0%).
Valuation It trades at 54.5× enterprise value to sales against a peer median of 3.3× (most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 61% a year for seven years (Req g). Recent delivered growth is -7%, so the hurdle is +68 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹1.47B | ₹1.43B | ₹1.42B | ₹1.63B | ₹2.04B |
| Revenue growth | — | 0% | -13% | -20% | — |
| Gross profit | -₹118M | -₹178M | -₹130M | -₹254M | -₹369M |
| EBITDA | -₹1.14B | -₹1.08B | -₹1.15B | -₹1.05B | -₹864M |
| Net income | -₹1.33B | -₹1.32B | -₹1.43B | ₹25.5B | -₹1.23B |
| Free cash flow | n/a | ₹512M | -₹400M | -₹8.42B | ₹1.03B |
| Capital expenditure | n/a | ₹5.04M | ₹22.1M | ₹38.3M | ₹57.5M |
| Total debt | n/a | ₹10.3B | ₹10.3B | ₹10.3B | ₹37.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HMT.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.6% | -8.4% | 9th highest of 21 |
| 6-month return | -14.8% | -23.8% | 6th highest of 19 |
| Distance from 52-week high | -27.5% | -47.1% | 6th highest of 21 |
| Revenue growth (TTM) | +8.8% | +7.7% | 9th highest of 21 |
| Operating margin | -82.1% | 8.0% | lowest of 21 |
| EV / Sales | 54.5× | 3.3× | most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 61.3% | 15.4% | most demanding of 13 |
| Growth delivered (Del g) | -6.9% | +5.6% | lowest of 13 |
| Hurdle (Req g minus delivered) | +68.2 pp | +2.9 pp | most demanding of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| HMT HMT.NS | India | $849M | -15% | +9% | -82% | 54.5× | 61.3% | -6.9% |
| Guangdong Vanward New Electric 002543.SZ | China | $849M | -17% | -12% | -3% | 0.8× | n/a | n/a |
| Guangdong LingXiao Pump Industry 002884.SZ | China | $848M | -16% | +8% | 25% | 2.4× | -5.6% | +3.7% |
| SUFA Technology Industry Co., Ltd., CNNC 000777.SZ | China | $850M | -25% | -25% | 2% | 4.4× | n/a | n/a |
| Towa 6315.T | Japan | $851M | -39% | +29% | 16% | 2.0× | 18.8% | +12.8% |
| Kirloskar Pneumatic KIRLPNU.NS | India | $846M | -23% | +9% | 18% | 4.3× | 26.3% | +16.8% |
| Tianjin Benefo Tejing Electric 600468.SS | China | $852M | -28% | +16% | 0% | 2.4× | 38.3% | +0.2% |
| KEDE Numerical Control 688305.SS | China | $853M | -29% | -31% | 11% | 12.4× | n/a | n/a |
| Tiangong International 0826.HK | Hong Kong | $843M | -28% | +8% | 11% | 1.8× | 5.7% | -2.7% |
| Create Technology & Science 000551.SZ | China | $842M | -29% | +15% | 11% | 1.2× | -0.5% | +5.7% |
| Hangzhou Youngsun Intelligent Equipment 603901.SS | China | $858M | -17% | +11% | 6% | 1.5× | 11.9% | +14.7% |
| Shibuya 6340.T | Japan | $839M | +40% | +5% | 10% | 0.7× | -0.2% | +5.5% |
| Zhejiang Headman Machinery 688577.SS | China | $864M | -31% | +35% | 6% | 5.3× | n/a | n/a |
| Bingshan Refrigeration & Heat Transfer Technologies 000530.SZ | China | $833M | +47% | -8% | 0% | 1.6× | 20.4% | +20.5% |
| Shenzhen Riland Industry 300154.SZ | China | $831M | +41% | -2% | 5% | 5.4× | 44.6% | +10.0% |
| Kale Environment Technology (Shanghai) 301070.SZ | China | $872M | -29% | -9% | 0% | 21.3× | n/a | n/a |
| Shanghai Top Numerical Control Technology 7688.HK | Hong Kong | $873M | n/a | +9% | -53% | 15.7× | n/a | n/a |
| Suzhou Hailu Heavy Industry 002255.SZ | China | $875M | -38% | -19% | 16% | 1.7× | -0.5% | +2.8% |
| Shenzhen LDRobot 1236.HK | Hong Kong | $876M | n/a | +60% | -11% | 7.5× | n/a | n/a |
| Shanghai Huitong Energy 600605.SS | China | $878M | -10% | +13% | 14% | 41.4× | 41.3% | +2.9% |
| Eternal Precision Mechanics 7795.TW | Taiwan | $819M | -9% | -12% | 18% | 12.9× | n/a | n/a |