Recent Price Movement and Market Context
On 8 December 2025, HMT’s stock price touched an intraday low of Rs.45.1, representing a 4.99% drop within the trading day. This decline contributed to an overall day change of -3.10%, underperforming its sector by 2.21%. The stock’s current price stands well below its 52-week high of Rs.79.5, highlighting a substantial gap of approximately 43.3% from its peak over the past year.
HMT’s share price is trading beneath all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a persistent bearish trend. This contrasts with the broader market, where the Sensex, despite a negative day, remains close to its 52-week high of 86,159.02 points and trades above its 50-day and 200-day moving averages.
Over the last six trading days, HMT’s stock has declined by 14.34%, underscoring a period of sustained selling pressure. This performance is notably weaker than the Sensex, which has shown a 3.97% return over the past year, while HMT’s stock has recorded a negative return of 34.27% during the same period.
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Financial Performance and Underlying Factors
HMT’s financial data over recent periods reveals several areas of concern. The company’s net sales for the latest six months stand at Rs.50.38 crores, reflecting a contraction of 31.31% compared to previous periods. Profit after tax (PAT) for the same duration is reported at a negative Rs.66.85 crores, also showing a decline of 31.31%. Additionally, profit before tax excluding other income (PBT less OI) for the latest quarter is Rs.-55.23 crores, which is 10.6% lower than the average of the preceding four quarters.
These figures align with a trend of negative results declared for three consecutive quarters, indicating challenges in maintaining profitability. The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) remain in negative territory, contributing to the perception of elevated risk in its financial standing.
HMT’s long-term fundamentals also reflect pressures, with net sales exhibiting an annualised decline of 10.59% over the past five years and operating profit remaining flat during the same period. The company’s debt profile shows a debt-to-equity ratio averaging zero, yet the overall financial health is impacted by a negative book value, signalling weak long-term fundamental strength.
Market Position and Shareholding Patterns
Despite HMT’s sizeable presence in the industrial manufacturing sector, domestic mutual funds hold a minimal stake of just 0.02%. This limited exposure from institutional investors may reflect a cautious stance towards the company’s current valuation and business outlook. The stock’s performance has also lagged behind the broader BSE500 index over the last three years, one year, and three months, indicating below-par returns relative to the wider market.
The stock’s recent underperformance is further emphasised by its 34.27% negative return over the past year, coupled with a 20.8% decline in profits during the same timeframe. These metrics highlight the challenges faced by HMT in reversing its downward trajectory amid a competitive industrial environment.
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Sector and Broader Market Comparison
HMT operates within the industrial manufacturing sector, which has experienced mixed performance in recent months. While the Sensex index has shown resilience, trading near its 52-week high and maintaining bullish moving averages, HMT’s stock has diverged significantly from this trend. The sector’s overall performance has not been sufficient to offset the company-specific pressures reflected in HMT’s share price and financial results.
The stock’s current valuation and trading levels suggest a cautious market assessment, especially given the company’s recent financial disclosures and persistent negative earnings. The contrast between HMT’s performance and the broader market indices underscores the challenges faced by the company in regaining investor confidence and market momentum.
Summary of Key Metrics
To summarise, HMT’s stock has reached a new 52-week low of Rs.45.1, following a six-day losing streak that has resulted in a 14.34% decline over that period. The company’s financial results for the latest six months show net sales at Rs.50.38 crores with a contraction of 31.31%, and a PAT of negative Rs.66.85 crores reflecting similar declines. Profit before tax excluding other income for the latest quarter is Rs.-55.23 crores, down 10.6% from recent averages.
Trading below all major moving averages and underperforming its sector and the broader market, HMT’s stock reflects ongoing challenges in both near-term and long-term financial performance. The company’s negative book value and flat operating profit over five years further illustrate the difficulties in its current business environment.
Conclusion
HMT’s fall to a 52-week low of Rs.45.1 marks a significant milestone in its recent share price trajectory, highlighting a period of sustained declines and financial strain. The stock’s performance contrasts with broader market indices, which have maintained relative strength. The company’s financial disclosures reveal continued contraction in sales and persistent losses, factors that have contributed to the current market assessment and valuation levels.
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