1
Guided by: Dr. N.M. Leepsa
HINDUSTAN MACHINE TOOLS FINANCIAL REPORT
Group membersBandana Biswal-315SM1006Satish Kumar Patel-315SM1018Priyanka Senapati-315SM1030
2
HMT – THE PROFILE• Incorporated in 1953 by the Government of India as a Machine Tool manufacturing company.• Over the years diversified into Watches, Tractors, Printing Machinery, Metal Forming Presses, Die Casting & Plastic Processing Machinery, CNC Systems & Bearings.• Successful technology absorption in all product groups through collaborations with world renowned manufacturers & further strengthened by continuous in house R&D.• Today, HMT comprises five subsidiaries under the ambit of a Holding Company, which also manages the Tractors Business directly.
3
ORGANISATION
4
HMT – THE VISION
5
HMT – THE MISSION• To establish ourselves as one of the world’s premier companies in the engineering field having strong international competitiveness.• To achieve market leadership in India through ensuring customer satisfaction by supplying internationally competitive products and services.• To achieve sustained growth in the earnings of the group on behalf of shareholders.
6
HMT – BUSINESS DOMAIN
7
HMT – HOLDING COMPANYAfter having a large no of business domains around 18 manufacturing units around all over India, it restructured its various business into various subsidiaries under the ambit of a holding company.
8
HMT – HOLDING COMPANYSLNO NAME OF THE SUBSIDIARIES % HOLDINGS
1 HMT Machines Tools Limited 100
2 HMT Watches Limited 100
3 HMT Chinar Watches Limited 100
4 HMT International Limited 100
5 HMT Bearings Limited 97.25
6 Praga Tools Limited 51.00
9
HMT - MILESTONESYEAR DIVISION LOCATION STATE
1953 Machine Tool 1 Bangalore Karnataka
1961 Machine Tool 2 Bangalore Karnataka
1962 Watch Factory 1 Bangalore Karnataka
1963 Machine Tool 3 Pinjore Haryana
1965 Machine tool 4 Kalamassery Kerala
1967 Machine tool 5 Hyderabad Andra Pradesh
1971 Tractor Division Pinjore Haryana
1971 Die Casting Division Bangalore Karnataka
1972 Printing Machinery Division
Kalamassery Kerala
1972 Watch Factory 2 Bangalore Karnataka
1973 Precision Machinery Division
Bangalore Karnataka
10
HMT - MILESTONESYEAR DIVISION LOCATION STATE
1975 Machine Tools 6 Ajmer Rajasthan
1975 HMT (International) Ltd. Bangalore Karnataka
1975 Watch Factory 3 Srinagar Jammu & Kashmir
1978 Watch Factory 4 Tumkur Karnataka
1981 HMT Bearings Ltd. Hyderabad Andra Pradesh
1981 Quartz Analog Watches Bangalore Karnataka
1982 Watch factory 5 Ranibag Uttar Pradesh
1982 Specialized Watch case Division
Bangalore Karnataka
1983 Stepper Motor Division Tumkur Karnataka
1985 Ball Screw Division Bangalore Karnataka
1986 CNC Systems Division Bangalore Karnataka
1991 Central Reconditioning Division
Bangalore Karnataka
11
HMT - COMPETITORS
12
HMT – Profit and Loss Account
13
HMT – Profit and Loss Account IN RS. CRORES
MARCH’15 MARCH’14 MARCH’13
12 MONTHS 12 MONTHS 12 MONTHS
INCOME SALES TURNOVER 61.47 79.71 99.42
EXCISE DUTY 1.19 1.26 0.00
NET SALES 60.28 78.45 99.42
OTHER INCOMES 32.47 305.18 47.56
STOCK ADJUSTMENTS -6.50 8.77 -22.26
TOTAL INCOME 86.25 392.40 124.72
14
HMT – Profit and Loss Account
Sales Turnover Excise Duty Net Sales Other Incomes Stock Adjustment
61.47
1.19
60.28
32.47-6.5
79.71
1.26
78.45
305.18
8.77
99.42
0
99.42
47.56
-22.26
INCOME
march'15 march'14 march'13
15
HMT – Profit and Loss Account IN RS. CRORES
MARCH’15 MARCH’14 MARCH’13
12 MONTHS 12 MONTHS 12 MONTHS
EXPENDITURERAW MATERIALS 38.05 67.00 53.65POWER AND FUEL COST 3.49 4.78 4.40EMPLOYEE COST 99.78 90.30 70.70
OTHER MANUFACTURING EXPENSES
1.18 1.71 0.00
SELLING AND ADMIN EXPENSES
0.00 0.00 0.00
MISCELLANEOUS EXPENSES 19.23 103.98 17.22
PREOPERATIVE EXP. CAPITALISED
0.00 0.00 0.00
TOTAL EXPENSES 161.73 267.77 145.97
16
HMT – Profit and Loss Account
RAW MATERIALS
POWER AND FUEL C
OST
EMPLOYEE COST
OTHER MANUFA
CTURING EXPENSES
SELLI
NG AND ADMIN EXPENSES
MISCELLA
NEOUS EXPENSE
S
PREOPERATIVE EXP. CAPITALIS
ED
38.05
3.49
99.78
1.18 0
19.23
0
67
4.78
90.3
1.71 0
103.98
0
53.65
4.4
70.7
0 0
17.22
0
EXPENDITURE
MARCH'15 MARCH'14 MARCH'13
17
HMT – Profit and Loss Account IN RS.CRORE
MARCH’15 MARCH’14 MARCH’13
12 MONTHS 12 MONTHS 12 MONTHS
OPERATING PROFIT -107.95 -180.55 -68.81
PBDIT -75.48 124.63 -21.25
INTEREST 18.36 14.34 104.03
PBDT -93.84 110.29 -125.28
DEPRICIATION 2.71 3.40 3.55
OTHER WRITTEN OFF 0.00 0.00 0.00
PROFIT BEFORE TAX -96.55 106.89 -128.83
EXTRA ORDINARY ITEMS -0.02 -1.08 -16.56
POST EXTRA ORD. ITEMS -96.57 105.81 -145.39
18
HMT – Profit and Loss Account
OPERATING PROFITê
PBDIT
INTERESTPBDT
DEPRICIATION
OTHER WRITTEN O
FF
PROFIT BEFO
RE TAX
EXTRA ORDINARY IT
EMS
POST EXTRA O
RD. ITEMS
-200
-150
-100
-50
0
50
100
150
-107.95
-75.48
18.36
-93.84
2.71 0
-96.55
-0.02
-96.57
-180.55
124.63
14.34
110.29
3.4 0
106.89
-1.08
105.81
-68.81
-21.25
104.03
-125.28
3.55 0
-128.83
-16.56
-145.39
PROFIT AND LOSS
MARCH'15 MARCH'14 MARCH'13
19
HMT – Profit and Loss Account
PER SHARE DATA (ANNUALIZED)
SHARE ISSUED(IN LAKHS)
12040.92 7603.50 7603.50
EARNING PER SHARE(IN RS.)
-0.80 1.15 -1.19
BOOK VALUE 3.16 0.46 -0.69
20
HMT – BALANCE SHEET
21
HMT – BALANCE SHEETMARCH’15 MARCH’14 MARCH’13
12 MONTHS 12 MONTHS 12 MONTHSSOURCES OF FUNDSTOTAL SHARE CAPITAL 1864.09 1420.35 760.35EQUITY SHARE CAPITAL 1204.09 760.35 760.35
SHARE APPLICATION MONEY
0.00 443.74 443.00
PREFERANCE SHARE CAPITAL
660.00 660.00 0.00
RESERVES -823.75 -725.71 -812.92NETWORTH 1040.34 1138.38 390.43SECURED LOANS 30.27 31.55 111.27UNSECURED LOANS 62.61 52.78 420.92TOTAL DEBTS 92.88 84.33 532.19TOTAL LIABILITIES 1133.22 1222.71 922.62
22
HMT – BALANCE SHEET
TOTAL SHARE CAPITAL
EQUITY SHARE CAPITAL
SHARE APPLIC
ATION M
ONEY
PREFERANCE SH
ARE CAPITAL
RESERVES
NETWORTH
SECURED LO
ANS
UNSECURED LO
ANS
TOTAL DEBTS
TOTAL LIABILI
TIES
1864.09
1204.09
0
660
-823.75
1040.34
30.27 62.61 92.88
1133.22
1420.35
760.35
443.74660
-725.71
1138.38
31.55 52.78 84.33
1222.71
760.35 760.35
443
0
-812.92
390.43
111.27
420.92532.19
922.62
LIABILITIES
MARCH'15 MARCH'14 MARCH'13
23
HMT – BALANCE SHEET RS. IN CRORES
MARCH’15 MARCH’14 MARCH’13
APPLICATION OF FUNDS
GROSS BLOCK 138.53 139.42 139.33
LESS:REVALUATION RESERVES
0.00 0.00 0.00
LESS:ACCUM. DEPRICIATION
114.57 111.11 107.73
NET BLOCK 23.96 28.31 31.60
CAPITAL WORK IN PROGRESS
0.04 0.00 0.00
INVESTMENTS 763.90 763.90 765.56
INVENTORIES 34.21 43.43 32.99
SUNDRY DEBTORS 20.90 30.96 35.30
CASH AND BANK BALANCE
17.98 43.74 4.53
24
HMT – BALANCE SHEET
GROSS BLO
CK
LESS:
REVALUATIO
N
R
ESERVES
LESS:
ACCUM. DEPRICIATIO
N
NET BLOCK
CAPITAL WORK IN
PROGRESS
INVESTMENTS
INVENTORIES
SUNDRY DEBTORS
CASH AND BANK BALA
NCE
138.53
0
114.5723.96 0.04
763.9
34.21 20.9 17.98
139.42
0111.11
28.31 0
763.9
43.43 30.96 43.74139.33
0107.73
31.6 0
765.56
32.99 35.3 4.53
ASSETS
MARCH'15 MARCH'14 Series 3
25
HMT – BALANCE SHEETMARCH’15 MARCH’14 MARCH’13
TOTAL CURRENT ASSETS 73.09 118.13 72.82
LOANS AND ADVANCES 569.97 559.30 613.23
FIXED DEPOSITS 0.00 0.00 0.00
TOTAL LOANS, ADVANCES AND CA
643.06 677.43 686.05
DEFFERED CREDITS 0.00 0.00 0.00
CURRENT LIABILITIES 179.51 147.94 495.53
PROVISIONS 118.24 98.99 65.04
TOTAL CL AND PROVISIONS
297.75 246.93 560.57
NET CURRENT ASSETS 345.31 430.50 125.48
MISCELLENOUS EXPENSES 0.00 0.00 0.00
TOTAL ASSETS 1133.21 1222.71 922.64
26
HMT – BALANCE SHEET
TOTAL CURRENT ASSE
TS
LOANS A
ND ADVANCES
FIXED DEPOSIT
S
TOTAL LOANS,
ADVANCES AND CA
DEFFERED CREDITS
CURRENT LIABILI
TIES
PROVISIONS
TOTAL CL A
ND PROVISIONS
NET CURRENT ASSETS
MISCELLE
NOUS EXPENSE
S
TOTAL ASSE
TS73.09
569.97
0
643.06
0
179.51118.24
297.75 345.31
0
1133.21
118.13
559.3
0
677.43
0147.94 98.99
246.93
430.5
0
1222.71
72.82
613.23
0
686.05
0
495.53
65.04
560.57
125.480
922.64
ASSETS
MARCH'15 MARCH'14 Series 3
HMT – CASH FLOW
28
HMT – CASH FLOW IN RS. CRORE
MARCH’15 MARCH’14 MARCH’13
12 MONTHS 12 MONTHS 12 MONTHS
NET PROFIT BEFORE TAX -96.57 105.82 145.38
NET CASH FROM OPERATING ACTIVITIES
-37.74 -78.09 -18.43
NET CASH FROM INVESTING ACTIVITIES
3.47 -3.71 2.84
NET CASH FROM FINANCING ACTIVITIES
8.52 121.01 16.50
NET DECREASE/INCREASE IN CASH AND CASH EQUIVALENT
-25.75 39.21 0.91
OPEARTING CASH AND CASH EQUIVALENT
43.74 4.53 3.62
CLOSING CASH AND CASH EQUVALENT
17.98 43.74 4.53
29
HMT – CASH FLOW
NET PROFIT BEFO
RE TAX
NAT CASH FR
OM OPERATING ACTIVITIES
NET CASH FR
OM INVEST
ING ACTIVITIES
NET CASH FR
OM FINANCING ACTIVITIES
NET DECREASE/IN
CREASE IN
CASH AND CASH
EQUIVALENT
OPEARTING CASH AND CASH
EQUIVALENT
CLOSIN
G CASH AND CASH
EQUVALENT
-96.57-37.74 3.47 8.52 -25.75 43.74
17.98
105.82
-78.09
-3.71
121.01
39.214.53
43.74
145.38
-18.432.84 16.5 0.91 3.62 4.53
CASH FLOW
MARCH'15 MARCH'14 Series 3
30
HMT – LATEST STOCK PRICE
31
WHAT IS ANALYSED?• From profit and loss account we derived that total expenses of the
company is highest in 2014.• Reported net profit has been drastically decreased in the year 2015 as
it has positive value in 2014 and it becomes negative coming to end of 2015.• Total liabilities is increased from 2013 to 2014 but again somewhat
decreased in 2015.• The same happens with the assets.
32
REFERENCES• http://www.moneycontrol.com/stocks/company_info/print_main.php• http://www.moneycontrol.com/financials/hmt/profit-loss/HMT#HMT• http://www.hmtindia.com/• http://www.moneycontrol.com/financials/hmt/cash-flow/HMT#HMT
THANK YOU