🛠️ “Hindustan Machine Tools (HMT Ltd) or Holding Massive Trouble?”

📌 At a Glance

HMT Ltd is a legendary PSU with a tragic millennial reboot story. Once India’s pride in watches and tools, it’s now mostly a zombie entity with huge losses, negative net worth, and barely any sales – but hey, it’s rallied 3x from 2020 lows because… PSU + nostalgia?

1. 🧩 WTF Do They Even Do?

HMT Ltd is the holding company for:

• HMT Machine Tools Ltd – The only active business, making CNC lathes, transfer lines, etc.
• Ex-watches division – Was shut down in 2016.
• Tractors & Bearings – Also shut or sold.
• Other drama – A mix of land, export servicing, food processing equipment, and dreams.

🎯 Business mix:

But here’s the kicker: FY24 full-year sales = ₹151 Cr, while expenses = ₹258 Cr. Classic PSU math.

2. 📊 Financials – Profit? What’s That?

Let’s look at how bad it gets.

🧨 5-Year Snapshot: