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HMT
PE (Price/Earnings) Ratio

The Current P/E Ratio of HMT is -13.72.

Share Price ₹51.3Oct 23,2026
Market Cap ₹1,824.2 Cr
Earnings-TTM₹-133.0 CrTTM-Consolidated Results
Price/Earnings-13.72xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HMT

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of HMT is calculated as :

Current Market Cap [ ₹1,824.2 Cr] as on Oct 23,2026

(/) Earnings [ ₹-133.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -13.72x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for HMT , the investors are currently willing to pay -13.72 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of HMT !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of HMT over the last five years.

Historical PE (Price/Earnings) ratio chart of HMT


PE Ratio Performance Analysis for HMT

- HMT 's latest p/e ratio is -13.72x.

- HMT 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 0.47x.

- HMT 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HMT 's p/e ratio peaked in Mar2022 at 1.73x.

- HMT 's p/e ratio hit its five-year low in Mar2025 of 0x.


How does HMT 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HMT -132.97-13.721,824.2
BHARAT HEAVY ELECTRICALS LTD2,815.5847.86134,756.0
THERMAX LTD590.8362.4336,886.0
KIRLOSKAR OIL ENGINES LTD534.6048.5825,973.4
TRIVENI TURBINE LTD337.3041.9214,138.6
JYOTI CNC AUTOMATION LTD321.7262.9120,240.7
INOX INDIA LTD254.8466.4316,929.8
AZAD ENGINEERING LTD139.29115.2016,046.0
TEGA INDUSTRIES LTD-6.53-1,993.3113,016.3
ELECON ENGINEERING COMPANY LTD244.6938.269,360.8
KRN HEAT EXCHANGER AND REFRIGERATION LTD96.9468.756,665.0

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs HMT 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -1,993.31x
Max industry PE 115.20x
Median industry PE 48.58x
Average industry PE -132.24x



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