---
title: "H.M. Electro Mech Ltd (544349) — Share Price, Financials & Analysis"
symbol: "544349"
company: "H.M. Electro Mech Ltd"
canonical: "https://tapetide.com/stocks/544349"
isin: "INE0DZD01015"
nse_symbol: "HMELECTROMECHLTD"
bse_code: "544349"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 67.5
generated_at: "2026-09-13T18:24:17.809Z"
---

# H.M. Electro Mech Ltd (544349)

Canonical page: https://tapetide.com/stocks/544349

## Company

- **NSE Symbol:** HMELECTROMECHLTD
- **BSE Code:** 544349
- **ISIN:** INE0DZD01015
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-01-31
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** hmelectromech.com

## About

Incorporated in 2003, H.M. Electro Mech Ltd is an infrastructure company in the fields of Pumping Machinery, and Other Electromechanical Projects[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:52:33.496969Z.

- **Market Cap:** ₹67.5 Cr
- **Classification:** SME
- **P/E (reported):** 6.9
- **Book Value:** ₹54.9
- **Price to Book:** 0.9
- **Dividend Yield:** 0%
- **ROE:** 12.76%
- **ROCE:** 18.75%
- **Debt to Equity:** 0.2
- **Revenue (yearly):** ₹132.21 Cr
- **Net Income:** ₹9.68 Cr
- **EBITDA:** ₹14.47 Cr
- **52-Week High:** ₹70.8
- **52-Week Low:** ₹36.47
- **RSI (14):** 45.02

## Tapetide Score

- **Score:** 59 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Rising
- **Percentile:** 84.7 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 58.42 | 9% |
| growth | 50 | 9% |
| momentum | 80.86 | 12% |
| ownership | 42.73 | 24% |
| quality | 60.67 | 22% |
| valuation | 69.01 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.91 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 180 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -302.8% | -40.1% | — |
| ebitda margin growth | -0.18% | 1.02% | 83.47% |
| net income growth | 15.24% | 17% | 37% |
| revenue growth | 8.28% | 9% | 23% |
| roce | -42.57% | -40.63% | 23.97% |
| roe | -48.88% | 20.89% | -2% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 45 | 76 | 34 | 98 |
| Expenses | 40 | 69 | 30 | 88 |
| Operating Profit | 5 | 7 | 4 | 11 |
| OPM % | 12 | 10 | 11 | 11 |
| Other Income | 0 | 0 | 0 | 1 |
| Interest | 1 | 1 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 5 | 7 | 3 | 10 |
| Tax % | 26 | 27 | 29 | 27 |
| Net Profit | 3 | 5 | 2 | 7 |
| EPS in Rs | 3.34 | 3.66 | 1.73 | 5.39 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 55 | 47 | 62 | 101 | 117 | 122 | 132 |
| Expenses | 52 | 44 | 58 | 93 | 105 | 109 | 118 |
| Operating Profit | 3 | 3 | 4 | 9 | 12 | 13 | 14 |
| OPM % | 4.9 | 6 | 6 | 9 | 11 | 11 | 11 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 1 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 3 | 4 | 8 | 11 | 11 | 13 |
| Tax % | 25 | 23 | 27 | 26 | 26 | 27 | 27 |
| Net Profit | 2 | 2 | 3 | 6 | 8 | 8 | 10 |
| EPS in Rs | 1.93 | 2.02 | 2.58 | 6.01 | 8.01 | 6.1 | 7.12 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 14 | 14 |
| Reserves | 3 | 5 | 8 | 14 | 22 | 52 | 62 |
| Borrowings | 3 | 2 | 0 | 6 | 12 | 8 | 15 |
| Other Liabilities | 16 | 15 | 26 | 34 | 31 | 24 | 47 |
| Total Liabilities | 32 | 32 | 44 | 64 | 75 | 97 | 137 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 32 | 31 | 44 | 64 | 74 | 95 | 135 |
| Total Assets | 32 | 32 | 44 | 64 | 75 | 97 | 137 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2 | 0 | 5 | -4 | 3 | -6 | 1 |
| Cash from Investing Activity | 0 | 2 | -3 | -1 | -9 | -11 | -2 |
| Cash from Financing Activity | -4 | 0 | -1 | 5 | 4 | 19 | 6 |
| Net Cash Flow | -2 | 1 | 1 | 0 | -2 | 2 | 5 |
| Free Cash Flow | 2 | -1 | 5 | -4 | -6 | -17 | -2 |
| CFO/OP | 72 | 7 | 171 | -23 | 46 | -27 | 34 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 129 | 143 | 123 | 113 | 90 | 121 | 180 |
| Inventory Days | 1 | 2 | 44 | 65 | 87 | 76 | 87 |
| Days Payable | 107 | 119 | 162 | 131 | 84 | 55 | 112 |
| Cash Conversion Cycle | 22 | 26 | 5 | 46 | 93 | 142 | 155 |
| Working Capital Days | 36 | 63 | 42 | 56 | 58 | 112 | 133 |
| ROCE % | — | 16 | 20 | 37 | 33 | 22 | 18 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 100% | 72.66% | 73.07% | 73.07% |
| FIIs | 0% | 6.84% | 2.17% | 0% |
| DIIs | 0% | 3.78% | 1.46% | 1.96% |
| Government | 0% | 0% | 0% | 0% |
| Public | 0% | 11.97% | 19.96% | 21.51% |
| Others | 0% | 4.74% | 3.34% | 3.46% |
| No. of Shareholders | 8 | 672 | 1135 | 1050 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 52.25 | Sell |
| EMA (10) | 51.46 | Sell |
| SMA (20) | 51.41 | Sell |
| EMA (20) | 51.54 | Sell |
| SMA (50) | 51.22 | Sell |
| EMA (50) | 51.17 | Sell |
| SMA (100) | 50.73 | Sell |
| EMA (100) | 50.99 | Sell |
| SMA (200) | 51.53 | Sell |
| EMA (200) | 53.12 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.05 | Neutral |
| MACD (12,26,9) | 0.05 | Sell |
| Stochastic (14,3,3) | 26.54 | Neutral |
| ADX (14) | 13.97 | Neutral |
| Williams %R (14) | -71.96 | Neutral |
| ATR (14) | 2.5 | High Volatility |
| ROC (12) | -1.73 | Sell |
| Stoch RSI (14) | 20.49 | Neutral |
| UO (7,14,28) | 51.65 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-04 | [Intimation Of 08Th Annual General Meeting Will Be Held On Monday 28Th September 2026 At 12.30 P.M. (IST) At 305 Ashram Avenue B/H. Kochrab Ashram Paldi Ahmedabad Gujarat India 380006.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a496acd0-4689-4dd5-b0f7-757de7c8dfb0.pdf) |
| 2026-09-04 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dced4b5e-d8b9-4b1d-8bb0-c9d44e2bee37.pdf) |
| 2026-09-04 | [Intimation Regarding Dispatch Of Annual Report Weblink Letters To Non-Email Registered Shareholders.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91131125-09c2-4ee0-a1c5-18c4884a1dd8.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4ee29c5c-24d1-42f3-8158-58d7a28eef23.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=276a798f-dc7d-4ea0-a902-93dcebc70710.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b1209b8-48b4-4356-9732-cc9e2b7b5d05.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e2fb30b5-7b14-49f3-99be-34bf124d619c.pdf) |
| 2026-09-03 | [Appointment Of Investor And Public Relations Agency Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bda024da-bdf2-474f-aa3c-64984d8ce032.pdf) |
| 2026-07-13 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02c6ca9e-d164-4088-a2fb-44b2e9db6366.pdf) |
| 2026-05-30 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b520f9c-660f-45aa-a8db-785b0a4afb68.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-29 | [Audited Financial Results As On 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8af488d-5083-4d57-80d1-4d712d6901b3.pdf) |
| 2025-11-13 | [Unaudited Financial Result As On 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=97b0628b-1cdb-43cf-8bea-a16bc5ee2ea9.pdf) |
| 2025-05-28 | [Financial Results Of The Company For The Half And Year Ended On 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68977efa-c5c7-4df5-baf9-18d5b8f1f123.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026; no demat requests received. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026; no demat requests received.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e1aab8b3-076c-46af-b982-b97e8aca2368.pdf) |
| 6 Mar - Board on 06-Mar-2026 approved MOA object clause addition; material RPT with Mr. Nitin Patel & Co.; subject to shareholders' approval | [Board Meeting Outcome for Outcome Of BM 6 Mar - Board on 06-Mar-2026 approved MOA object clause addition; material RPT with Mr. Nitin Patel & Co.; subject to shareholders' approval](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b1e2b008-5bb5-428b-b2fe-9a33d014bc1f.pdf) |
| 6 Mar - Board approved MOA object addition to manufacture engineering and electronic goods (06 Mar 2026). | [Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 6 Mar - Board approved MOA object addition to manufacture engineering and electronic goods (06 Mar 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14cae7e8-0982-4c37-900e-8166d5c8c229.pdf) |
| 5 Feb - Approved unaudited Q3/9M results to Dec 31, 2025; appointed Giriraj Sharma; ₹241.13 lakh exceptional impact. | [Board Meeting Outcome for Outcome Of The Board Meeting Held On February 05, 2026 5 Feb - Approved unaudited Q3/9M results to Dec 31, 2025; appointed Giriraj Sharma; ₹241.13 lakh exceptional impact.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04d9ee5e-3804-4e26-85ce-d1ac2937b25b.pdf) |
| 5 Feb - Approved unaudited Q3 and nine-month results; Giriraj Sharma appointed Channel Head; Prashant Nema ceased (05-02-2026). | [Announcement under Regulation 30 (LODR)-Change in Management 5 Feb - Approved unaudited Q3 and nine-month results; Giriraj Sharma appointed Channel Head; Prashant Nema ceased (05-02-2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b82c6ab7-8d95-413c-9eed-7e9f4058eaa5.pdf) |
| 5 Feb - Approved standalone and consolidated unaudited results for quarter/nine months ended Dec 31, 2025; appointed Giriraj Sharma as Channel Head. | [Financial Results For The Quarter And Nine Months Ended December 31, 2025 5 Feb - Approved standalone and consolidated unaudited results for quarter/nine months ended Dec 31, 2025; appointed Giriraj Sharma as Channel Head.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb072da4-a575-47a6-8497-059516adec1f.pdf) |
| 4 Apr - H.M. Electro Mech declares Annual Secretarial Compliance Report is not applicable for FY2026. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 4 Apr - H.M. Electro Mech declares Annual Secretarial Compliance Report is not applicable for FY2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/42fe3285-6e5d-48b7-85b4-140341906306.pdf) |
| 31 Mar - 30-Mar-2026 EGM: MOA object clause amended; related-party transaction with Nitin Patel approved. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 31 Mar - 30-Mar-2026 EGM: MOA object clause amended; related-party transaction with Nitin Patel approved.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/041edd34-8abf-43bd-8e0b-55d599390e49.pdf) |
| 31 Jan - Secured ₹32.92 Crore orders: 32.4MW solar EPC ₹27.53Cr and Nathdwara electrification ₹5.39Cr (31 Jan 2026). | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 31 Jan - Secured ₹32.92 Crore orders: 32.4MW solar EPC ₹27.53Cr and Nathdwara electrification ₹5.39Cr (31 Jan 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/af6e99fa-1e5f-4fb9-9696-091a1ef30aa9.pdf) |
| 30 Jan - Work order dated Jan 30, 2026: Rs.27,52,70,400 for 32.4 MW DC solar EPC at Songir, Jamkhed, Arthe; six-month execution. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 30 Jan - Work order dated Jan 30, 2026: Rs.27,52,70,400 for 32.4 MW DC solar EPC at Songir, Jamkhed, Arthe; six-month execution.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/91629359-53a0-44f7-aaf7-8576b388f744.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_SANDESH_2010_2011_18072011050505.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0172df2c-54ae-4d15-8c79-e9863585efe7.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/11f2a1c6-1264-4c57-9a7a-329fea9ef338.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2df96bfe-0463-4a45-aba2-62c267e2dda7.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf8ab8ed-ed41-47ef-bf72-1395ab3ef359.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/526725/75268526725.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/526725/71533526725.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/526725/68027526725.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/526725/5267250319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/526725/5267250318.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:24:17.809Z.