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Hilton Metal Forging Ltd (HILTON)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532847 NSE: HILTON Forgings | Small Cap | Hilton Metal Forging Share Price

₹19.94 0.34 (1.73%)

As on 04-Jun'26 16:59

Hilton Metal Forging Ltd (HILTON)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532847 NSE: HILTON Forgings | Small Cap | Hilton Metal Forging Share Price

₹19.94 0.34 (1.73%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹108 Cr.
Current Price
₹19.9
52-Week Low / High
₹14 / 67
TTM EPS
₹0.6
TTM Sales
₹230 Cr.
Book Value per Share
₹31.5
P/E Ratio
31.26
Higher than its 5-year historical median
Industry PE
81.9
Price to Book (P/B)
0.63
Lower than its 5-year historical median
Price to Sales (P/S)
0.47
Lower than its 5-year historical median
EV/EBITDA
11.65
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
5.84%
Underperforms industry median
Return on Capital Employed (ROCE)
7.92%
Underperforms industry median
Return on Assets (ROA)
3.05%
Operating Profit Margin
6.3%
Net Profit Margin
3.79%
Gross Profit Margin
5.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
18.09%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-30.75%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-7.62%
Asset Quality
Promoter Holding
13.71%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹116 Cr.
Equity
₹54 Cr.
Face Value
₹10
All Time Low / High
₹4.52 / 146.34

Hilton Metal Forging stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Weak
Q.1 Is Hilton Metal Forging Ltd a good quality company?
Hilton Metal Forging Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Hilton Metal Forging Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Hilton Metal Forging Ltd vs industry peers?
Hilton Metal Forging Ltd revenue CAGR is 9.62%, compared to the industry median CAGR of 10.29%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Hilton Metal Forging Ltd?
Promoters hold 13.71% of the Hilton Metal Forging Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Hilton Metal Forging Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 5% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hilton Metal Forging Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 1.1%3.3%4.4%4.9%4.9%-18.8%1.6%10%9.7%7.9%-
Value Creation
Index
-0.9-0.8-0.7-0.7-0.7-2.4-0.9-0.3-0.3-0.4-

Growth Parameters

Sales 67.180.394.810110347.584.1105138163230
Sales YoY Gr.-19.7%18.1%6.2%2.3%-53.9%77.1%24.6%31.7%18.1%-
Adj EPS -0.7-0.50.211-12.41.72.42.71.30.6
YoY Gr.-NANA518.8%0%-1356.6%NA36.6%14%-50.4%-
BVPS (₹) 37.837.637.838.939.927.428.535.738.441.631.5
Adj Net
Profit
-1.1-0.70.31.61.6-19.62.75.96.73.73
Cash Flow from Ops. 5.33.4-11.93.80.59.5-24.110.12.7-
Debt/CF from Ops. 4.67.8-37.121.711.7126.96.4-2.25.423-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 10.4%9.6%24.7%18.1%
Adj EPS NA6.1%-8.2%-50.4%
BVPS1.1%0.9%13.4%8.3%
Share Price 4.8% 14.1% -47% -67.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-1.8-1.20.42.62.5-376.18.87.13.41.8
Op. Profit
Mgn %
66.476.57.3-36.26.613.510.76.34.9
Net Profit
Mgn %
-1.7-0.90.31.51.5-41.23.25.64.82.31.5
Debt to
Equity
0.40.50.60.70.71.31.30.60.60.50.1
Working Cap
Days
376308344366377743327342344336126
Cash Conv.
Cycle
21917117721324655824922220519872

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6780951011034884105138163
Operating Expenses + 6475889496657991123153
Manufacturing Costs10976644556
Material Costs4153677471536879111140
Employee Cost 6777743334
Other Costs 77771254444
Operating Profit 35777-176141510
Operating Profit Margin (%) 5.0%6.4%6.9%6.5%7.3%-36.2%6.6%13.5%10.7%6.3%
Other Income + 0101000125
Exceptional Items 000000-1000
Interest 2333344567
Depreciation 3333333222
Profit Before Tax -1-0112-23-2786
Tax 001-00-4-411-0
Profit After Tax -2-0022-202676
PAT Margin (%) -2.4%-0.5%0.3%1.5%1.5%-41.2%2.1%5.6%4.8%3.8%
Adjusted EPS (₹)-1.0-0.30.21.01.0-12.41.12.42.72.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Hilton Metal Forging - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 605959616343458996116
Share Capital 12121212121212212123
Reserves 47474749503132687592
Debt +24263542445457505161
Long Term Debt111011101519151413
Short Term Debt23262531343939353748
Minority Interest0000000000
Trade Payables152038172432212129
Others Liabilities 7109151813891615
Total Liabilities 106115142135149113113169185221

Fixed Assets

Net Fixed Assets +31363734323230282624
Gross Block47545857575959606060
Accumulated Depreciation16182123252730323436
CWIP 7000008152125
Investments 0001110000
Inventories37436765675455667984
Trade Receivables192228193491302739
Cash Equivalents 1111211116
Others Assets 1113915141617293041
Total Assets 106115142135149113113169185221

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 53-12409-24103
PBT -1-0112-23-1786
Adjustment 4666667784
Changes in Working Capital 2-3-8-5-4141-37-5-8
Tax Paid 000-0044-1-10
Cash Flow From Investing Activity + -0-0-300-2-933-211
Capex -0-0-3-0-0-2-9-6-7-0
Net Investments 00000003800
Others 00000000511
Cash Flow From Financing Activity + -5-34-2-31-1-9-8-9
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0071-053-3-1-2
Interest Paid -2-3-3-3-3-4-4-5-6-7
Dividend Paid 0000000000
Others -30000-0000-0
Net Cash Flow 00-0-00-10-015

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-2.64-0.730.462.572.5-374.018.757.235.84
ROCE (%)1.083.324.414.894.86-18.841.6410.039.717.92
Asset Turnover Ratio0.610.770.750.730.730.360.750.740.780.8
PAT to CFO Conversion(x)N/AN/AN/A12N/A4.5-41.430.5
Working Capital Days
Receivable Days104.508793.4083.7092.40164.9023.405575.8074.30
Inventory Days210.10169.70208.40238.50232.70463.90235.60210.80192.10182.50
Payable Days143.60120.80158.90134.9010694.5013.4053.2069.4065.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.006.885.965.966.2422.1845.610.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Hilton Metal Forging Ltd FAQs

The current trading price of Hilton Metal Forging on 04-Jun-2026 16:59 is ₹19.94.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Hilton Metal Forging stood at ₹107.7 Cr

The latest P/E ratio of Hilton Metal Forging as of 03-Jun-2026 is 31.26.

The latest P/B ratio of Hilton Metal Forging as of 03-Jun-2026 is 0.63.

The 52-week high of Hilton Metal Forging is ₹66.90 and the 52-week low is ₹13.50.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hilton Metal Forging is ₹230 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hilton Metal Forging Ltd is a below average quality company.

The key valuation ratios of Hilton Metal Forging Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hilton Metal Forging Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Hilton Metal Forging Ltd

Hilton Metal Forging Ltd (HMFL) is one of the technology leaders in the forging industry providing the highest quality products and services for a one stop solution to cater to all forging needs. With an enviable reputation for quality products they are fully equipped to carry their reputation as ' Forging Leader'. The company was founded in 1997 and its promoter is Yuvraj Malhotra.

The company stand among the elite along with their engineers and application experts and since their inception they have undergone continuous development and their commitment is reflected by their meticulous application of monitoring procedures which ensures complete material traceability during the production cycle. All their products and processes are certified and their quality is second to none and they are proud of it. At HMFL, the combination of inventory, product knowledge and value added services combine to provide their clients with an HMFL solution.

Product range of the company includes:

  • Stainless Steel Forged Flanges
  • Forged Fittings
  • LAP - Joint Stub-Ends (Seamless)
  • Christmas Tree Components

Milestones:

  • 1997- The company was founded in 17th September 1997 having a vision to enter into export of Stainless Steel Forged Flanges and Stub Ends to USA and European countries. The company was successful to get the first full order in the month of October 1997 and the  same was executed in the month of December 1997. The company started with its export business with a turnover of Rs. 8.26 lacs in 1997
  • 1998 - Since the cutting and drilling of Stainless Steel were bottle neck, the company decided to take 200 Sq.mtr. Shed of rend basis and has installed one cutting machine along with three drilling machines for cutting and drilling of flanges. Started Export Business with a turnover of Rs. 8.26 Lacs
  • 1999 - Started manufacturing activity at a very small scale with addition of couple of Lathes and have achieved turnover of       Rs.251.57 Lacs
  • 2000 -Created own manufacturing base at WADA by investing    Rs.85 Lacs and achieved turnover of Rs. 255.93 Lacs . Beside certificate for Quality Excellence received from their major customer.
  • 2001 -Expanded manufacturing base further by additional investment and achieved turnover of Rs. 378.62 Lacs
  • 2002 - Received ISO 9002 certification for manufacture and sale of closed die Forgings, flanges and fittings in various stainless steels grades, alloy steel and carbon steels. Beside the company also fulfilled the requirement of AD 2000  Merkblatt W 0 and got right to issue test certificates 3.1 B according to EN 10204. Also achieved turnover of Rs. 685.50 Lacs. Successful in getting approval from Ministry of Defence.
  • 2003 -Obtained Canadian Registration and Pressure Equipment Directive (PED) Certificate. Also increased the installed capacity by adding balancing equipment for post forging operation and achieved turnover of Rs. 1359.53 Lacs . The company was awarded with the certificate by the ministry of commerce as Government Recoginsed Export House.
  • 2004 -The Product of the company has been well accepted in global market and large order bookings have been opened from European market. Considering the global demand for the company's product, the company has invested Rs. 450.00 Lacs towards major expansion by installing 16 MT Hammer which is available presently with only 3 giant forging units in India. Thereby install capacity has increased to 10,000 tons per annum. Also achieved trunover of Rs. 2185.19 Lacs
  • 2005 -The company has got additional feather in the cap while getting clear on Anti Dumping duty in Us Market. The company was greatly successful to get a marginal Anti dumping duty of 0.89% on the export of stainless steel forged flanges to US market. The company was also conferred with an Export Excellence Certificate for the year 2003-2004. To commence the commercial production on 16 ton Hammer from September 2004 and by utilizing the capacity achieved a turnover of Rs. 3421.29 Lacs 
  • 2006 -After having 9 years experience in the field of export of forged components to various manufacturers, distributors in USA, UK, European and Middle East countries, the company has decided to go for big expansion in forging equipments while putting up forging presses, Ring Rolling to capture the market of Oil and Gas industries. The company started manufacturing the forged valve bodies and valve components for Oil and Gas, Petro Chemical Refineries.
  • The company has approached American Petroleum Institute for API Monogram. The company has installed a complete Heat Treatment Plant, Die shop and inhouse laboratory facilities to inspect the chemical, physical and all kinds of testing. The company is now in the process of raising IPO and have achieved Sales Turnover to Rs. 4850.00 Lacs
  • 2007- The IPO for raising the fund for the expansion program to increase the capacity to double fold was completed successfully. The company's security got listed on Bombay Stock Exchange and national Stock Exchange. As a part of the expansion program, 3ton Drop Forging Hammer, CNC Machines, HMC Machines, cutting machines were installed and made operative during the year. The company also obtained API monogram from American Petroleum Institute and Certificate of Registration from PDO Oman as registered material vendor for its products.Achieved turn over of Rs. 5611.16 LACS during the year
  • 2008 -The company got its name registered Under Trade Mark Act, 1999. The company obtained a confirmation from SASOL, South Africa for inclusion as SASOL approved Manufacturers List for Pipes, Fitting and Flanges. The company also obtained Approval from UDHE INDIA and from Directorate of steam Boiler, Government of Maharasthra as approved 'Manufacturer Of Forged Items As Per Indian Boiler Regulation 1950. The turnover achieved during the year is Rs. 7716.74 Lacs.
  • 2009 -The company received Gold Trophy as 'TOP EXPORTER' FROM EEPC. The forging press, Pneumatic Hammer, VMC and HMC machines were made operative during the year. The production capacity of the company increased to 16000 MT per year. The company has got Engineers India Limited approval. The company acheived turn over of Rs. 7307.85 lacs.

Achievements/ recognition:

  • Engineers India ltd
  • Award for Export Excellance
  • TUV Certificate
  • TUV Nord Certificate
  • Petroleum Development Oman
  • API Specification
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