MarketFriction

Hilton Metal Forging Ltd

NSE HILTON · BSE 532847 · Castings & Forgings
₹16.86 +3.18%
NSE close2026-10-01
52 week range13.43 - 42.28
Market cap₹84.9 Cr.
P/E16.6
Price band 5% Delivery 71.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales34.8141.7433.8334.0343.7540.2944.9722.0587.6469.8450.8458.96
Expenses30.9337.3731.1431.5541.1037.5242.6720.1784.2466.3748.2954.87
Operating Profit3.884.372.692.482.652.772.301.883.403.472.554.09
OPM %11.15%10.47%7.95%7.29%6.06%6.88%5.11%8.53%3.88%4.97%5.02%6.94%
Other Income0.680.320.710.320.400.424.030.380.380.330.550.31
Interest1.161.592.481.511.732.091.711.591.521.872.031.67
Depreciation0.600.600.410.560.560.560.550.560.560.550.550.56
Profit before tax2.802.500.510.730.760.544.070.111.701.380.522.17
Tax %17.14%15.60%-5.88%21.92%18.42%14.81%-11.30%-36.36%-2.35%-2.90%73.08%16.59%
Net Profit2.332.110.550.570.620.454.530.151.741.420.141.81
EPS in Rs0.510.460.120.120.120.090.880.030.340.280.030.35
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6780951011034884105138163230267
Expenses6475889496657991123153219254
Operating Profit36777-1761415101114
OPM %5%7%7%6%7%-36%7%14%11%6%4.9%5%
Other Income000100-112522
Interest233334456777
Depreciation333333322222
Profit before tax-1-0112-24-278646
Tax %16%95%70%-5%9%-17%-170%17%15%-1%7%
Net Profit-2-0022-20267635
EPS in Rs-0.41-0.110.070.400.40-5.100.461.271.451.200.671.00
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%37%30%77%
Compounded Profit Growth15%17%-16%-11%
Stock Price CAGR4%10%-51%-58%
Return on Equity1%5%4%3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121212121212121221212335
Reserves4947474749503132687992116
Borrowings272426354245576053546356
Other Liabilities25223047314213927314229
Total Liabilities114106115142135149113114169185221236
Fixed Assets333136373533333129272425
CWIP7700000815212523
Investments000000000000
Other Assets746879105991168075126137171188
Total Assets114106115142135149113114169185221236
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity553-12409-24103-27
Cash from Investing Activity-7-0-0-300-2-933-21133
Cash from Financing Activity2-5-34-2-31-1-9-8-9-6
Net Cash Flow000-0-00-10-0050
Free Cash Flow-253-424-21-3032-28
CFO/OP87%156%61%-14%31%49%20%95%-162%77%26%-236%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days771039810667119726105728856
Inventory Days249329296364317346374293306259220176
Days Payable10513314020881126201197707539
Cash Conversion Cycle221300254262303338426288314262233193
Working Capital Days9813812013613914317675193162143169
ROCE %5%1%3%4%5%5%-19%3%10%10%8%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters27.67%27.67%27.67%27.67%28.31%28.31%27.39%7.71%7.71%7.87%13.71%18.56%
FIIs0.33%0.27%0.29%0.00%0.11%0.11%0.18%0.13%0.23%0.23%0.21%0.06%
Public72.01%72.07%72.06%72.34%71.58%71.56%72.43%92.16%92.07%91.91%86.08%81.38%
No. of Shareholders10,66811,25613,38417,14320,98719,94320,12225,15124,66325,09426,18927,789

Fundamentals

Market Cap₹ 84.9 Cr.
Current Price₹ 16.5
Stock P/E16.6
Book Value₹ 29.4
ROCE5.55 %
ROE2.59 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)77%
Compounded Profit Growth (TTM)-11%
Standalone figures.
Valuation
Market capRs 58 Cr
Enterprise valueRs 107 Cr
P/E (TTM)11.45x
Price to book0.39x
Price to sales0.22x
EV / EBITDA7.13x
EV / EBIT8.36x
EV / sales0.40x
Earnings yield8.74%
P/E, 3-year average24.86x
P/B, 3-year average1.20x
P/E, 5-year average24.54x
P/B, 5-year average1.26x
Profitability
Operating margin (excl. other income)4.90%
Operating margin (incl. other income)5.61%
EBITDA margin5.64%
Pre-tax margin2.16%
Net profit margin1.91%
Net margin, latest quarter3.07%
ROE2.59%
ROCE5.55%
ROA1.51%
ROE, 3-year average5.14%
ROCE, 3-year average7.73%
ROA, 3-year average2.78%
ROE, 5-year average5.63%
ROCE, 5-year average6.97%
ROA, 5-year average2.81%
ROIC (approx.)5.99%
Tax rate6.78%
Other income / net worth1.09%
Growth
Sales growth (latest year)41.29%
Profit growth (latest year)-44.17%
Sales CAGR, 3 years30.01%
Sales CAGR, 5 years37.12%
Profit CAGR, 3 years-16.19%
Sales growth QoQ15.97%
Profit growth QoQ1192.86%
Sales growth YoY (latest quarter)167.39%
Profit growth YoY (latest quarter)1106.67%
Per share
EPS (TTM)Rs 1.47
EPS (latest year)Rs 0.99
EPS (latest quarter)Rs 0.52
EPS, 3-year averageRs 2.27
EPS, 5-year averageRs 2.21
Book value per shareRs 43.53
Sales per shareRs 77.03
Cash flow per shareRs -7.74
Free cash flow per shareRs -8.07
Efficiency
Asset turnover0.98x
Fixed asset turnover9.12x
Inventory turnover2.08x
Inventory days176 days
Debtor days56 days
Debtors turnover6.57x
Creditor days39 days
Cash conversion cycle193 days
Working capital days169 days
Leverage
Total debtRs 56 Cr
Cash and bankRs 7 Cr
Net debtRs 49 Cr
Debt to equity0.37x
Net debt / EBITDA3.25x
Interest coverage1.81x
Owners' fund to total sources63.99%
Debt to assets23.69%
Cash flow
Cash from Operating Activity (latest year)Rs -27 Cr
Cash from Investing Activity (latest year)Rs 33 Cr
Cash from Financing Activity (latest year)Rs -6 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -28 Cr
FCFE (approx.: FCF + change in debt)Rs -35 Cr
Cash from ops / profit, 5 years-1.21x
Statement figures
Net sales (TTM)Rs 267 Cr
Net sales (latest year)Rs 230 Cr
Sales (latest quarter)Rs 59 Cr
Operating profit excl. other income (latest year)Rs 11 Cr
Operating profit (latest quarter)Rs 4 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 15 Cr
PBDT (TTM)Rs 8 Cr
Profit before tax (TTM)Rs 6 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 5 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 7 Cr
Cost of goods sold (latest year)Rs 208 Cr
Total expenditure (latest year)Rs 219 Cr
Total income (latest year)Rs 232 Cr
Share capitalRs 35 Cr
ReservesRs 116 Cr
Shareholders' fundsRs 151 Cr
Total assetsRs 236 Cr
Net blockRs 25 Cr
Capital work in progressRs 23 Cr
InvestmentsRs 0 Cr
ReceivablesRs 35 Cr
InventoryRs 100 Cr
Other liabilitiesRs 29 Cr
Shares outstanding (crore)3.47
Ownership
Promoter holding18.56% (+10.85 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 11.4 is at the 4th percentile of its own 7.4-year range (median 46.7, low 7.9, high 324.9).
P/B 0.39 is at the 1th percentile (median 1.57).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodHILTONNifty 50Difference
1 week-0.8%-2.8% +2.0 pts
1 month-12.7%-6.8% -5.9 pts
3 months-25.2%-7.6% -17.6 pts
6 months-32.1%+0.4% -32.5 pts
1 year-66.7%-9.9% -56.8 pts
2 years-80.5%-13.6% -66.9 pts
3 years-89.8%+14.2% -104.0 pts
5 years+26.8%+27.9% -1.1 pts

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was -86% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 13% of total assets in 2026
lookProfit leans on other income Other income was 44% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2026-04-16: Hilton Metal Forging Limited has filed Clarification on Announcement dated 16th April 2026 on 05:19:39 PM filed via Acknowledgement number:
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹59 Cr +167.4% vs Jun 2025. Net profit ₹2 Cr +1106.7%.
Against our estimate for Jun 2026: sales +86.7%, profit +330.1% beat. Our estimate for Sep 2026: sales Rs 140 Cr, profit Rs 3 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
AIA Engineering Ltd35,79528.221.1 %
PTC Industries Ltd33,7862698.59 %
Happy Forgings Ltd19,58659.818.0 %
Balu Forge Industries Ltd6,08422.722.7 %
Steelcast Ltd3,77941.732.3 %
Amic Forging Ltd2,76490.725.2 %
Investment & Precision Castings Ltd1,51610214.4 %
Nelcast Ltd1,03325.211.4 %
Synergy Green Industries Ltd1,0129.24 %
Tirupati Forge Ltd9781607.53 %
Neetu Yoshi Ltd96338.531.8 %
Magna Electro Castings Ltd58737.817.4 %
Kalyani Forge Ltd36429.412.2 %
Nitin Castings Ltd23528.915.5 %
Munish Forge Ltd21720.612.0 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-02-24Rights 29:60 @ Premium Rs 6.68/-
2025-12-26Rights 14:29 @ Premium Rs 18.32/-
2024-09-20Annual General Meeting
2023-08-18Annual General Meeting
2022-10-20Rights 2:5 @ Premium Rs 45/-
2022-09-06Annual General Meeting
2021-09-21 Annual General Meeting
2020-09-22 Annual General Meeting
2019-09-19 Annual General Meeting
2018-11-05 Extra Ordinary General Meeting
2018-09-18 Annual General Meeting
2017-09-14 Annual General Meeting
2016-09-15 Annual General Meeting
2015-09-21 Annual General Meeting/Dividend Re 0.25 Per Share
2014-09-18Annual General Meeting / Dividend - Re 0.50/- Per Share
2013-09-19Annual General Meeting/Dividend Re 0.40/- Per Share
2012-09-24Annual General Meeting And Dividend Re.0.25 Per Share
2011-09-20Dividend-Re.0.25 Per Share
2010-09-22Annual General Meeting And Dividend Re.0.25 Per Share
2009-09-16Agm/Div-Re.0.25 Per Sharepurpose Revised
2008-07-08Agm/Dividend - 10%
DateTypeWhat it says
2026-09-30Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-05Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-09-05UpdatesBook Closure of upcoming AGM
2026-08-14Board meeting outcomeHilton Metal Forging Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-15Shareholder meetingVoting results.
2026-07-15Shareholder meetingProceedings of Extraordinary General Meeting held on July 15, 2026
2026-07-15Shareholder meetingVoting results.
2026-06-24General UpdatesSubmission of Outcome of Board meeting held on 29th May 2026 in Machine Readable Format
2026-06-22Shareholder meetingNotice of Extraordinary General Meeting to be held on July 15, 2026
2026-06-18Board meeting outcomeOutcome of Board Meeting held on Jun 18, 2026.
2026-06-11Shareholder meetingNotice of Postal Ballot
2026-06-09Board meeting outcomeOutcome of Board Meeting held on Jun 09, 2026.
2026-06-09Board meeting outcomeOutcome of Board Meeting held on Jun 09, 2026.
2026-06-09Disclosure under SEBI TakeovYuvraj Malhotra has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial A...
2026-05-29Board meeting outcomeHilton Metal Forging Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-16Regulatory actionHilton Metal Forging Limited has filed Clarification on Announcement dated 16th April 2026 on 05:19:39 PM filed via Acknowledgement number: 2026/Apr/3...
2026-04-16Regulatory actionAction(s) taken or orders passed
2026-04-06Committee Meeting UpdatesWith reference to captioned subject and in furtherance of Rights Issue of the Company, this is to inform that in terms of the Letter of Offer dated Fe...
2026-03-26Order winBagging/Receiving of orders/contracts
2026-03-26Press ReleaseA press release dated March 26, 2026, titled "Hilton Metal Forging Limited Enters into Interim Sales Agreement for Supply of 360,000 Standard 155mm M1...
2026-03-26Shareholder meetingProceedings of Extraordinary General Meeting held on March 26, 2026
2026-03-13Rights IssueBoard of Directors at its meeting held on March 13, 2026, has decided to issue equity shares on rights basis in the ratio of 29 : 60, i.e 29 Equity Sh...
2026-03-02Shareholder meetingNotice of Extraordinary General Meeting to be held on March 26, 2026
2026-02-28Board meeting outcomeBoard meeting held on February 28, 2026, approving the letter of offer for rights issue of 1,67,70,000 Equity Shares.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 200perc in previous 365 Days

Quick answers

What is the market cap of Hilton Metal Forging Ltd?

Hilton Metal Forging Ltd (HILTON) has a market capitalisation of Rs 84.9 Cr. at the 2026-10-01 close.

What is the P/E ratio of Hilton Metal Forging Ltd?

Hilton Metal Forging Ltd trades at a P/E of 16.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Hilton Metal Forging Ltd's latest quarterly results?

In the Jun 2026 quarter, Hilton Metal Forging Ltd sales was Rs 59 Cr (+167.4% vs Jun 2025) and net profit was Rs 2 Cr.

What is the 52-week high and low of Hilton Metal Forging Ltd?

The 52-week high is Rs 42.28 and the 52-week low is Rs 13.43.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03