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Prices as of 9 Oct 2026 close · Not investment advice

Hilton Metal Forging Limited

NSE: HILTONCastings & Forgings

Share price

₹16.19

-0.92% close of 9 Oct 2026

Market cap ₹83 CrP/E 16.3

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

53

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹83 Cr

P/E ratio

16.3

P/B ratio

0.6

ROCE

5.5%

ROE

2.3%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹47.2352-week low ₹14.38

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step down at Jun 2020 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step down at Jun 2020 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

For most of its recorded history its earnings were a fraction of today's, so its past price multiples are not a fair comparison.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
Hilton Metal Forging Limited — this one-16%/yr16.3×—
Balu Forge Industries Limited88%/yr21.7×₹0.25
Steelcast Limited7%/yr39.2×₹5.6
Investment & Precision Castings Limited30%/yr103.1×₹3.4
Nelcast Limited17%/yr29.5×₹1.7
Synergy Green Industries Limited———

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Castings & Forgings), it ranks 11 of 12 on returns, 11 of 12 on growth, 11 of 12 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 5.5% on capital, ahead of 8% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹29 crore of cash before any plant spend. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being waiting 75 days for its cash to waiting 169 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

5 of 9 checks clear · 56%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 14 Aug 2026 · Standalone · Unaudited

Revenue

₹59 Cr

Revenue vs last year

+167.4%

Revenue vs last quarter

+16.0%

Net profit

₹2 Cr

Profit vs last year

+1103.6%

Profit vs last quarter

+1189.6%

Net margin

3.1%

EPS

₹0.35

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹83 Cr
Prev close
₹16.19
52w High
₹50.2
52w Low
₹13.4
Enterprise value
₹132 Cr
Beta
1.0
Price CAGR 1y
-55.0%
Price CAGR 3y
-50.0%
Price CAGR 5y
10.0%
Price CAGR 10y
3.0%

Ratios

Return on assets
1.3%
PEG ratio
-1.0
P/E ratio
16.3
P/B ratio
0.6
EV / EBITDA
9.8
Industry P/E
39.8
ROCE
5.5%
ROCE 5y average
7.4%
ROE
2.3%
Debt / Equity
0.4
Interest coverage
1.6
Dividend yield
0.0%
ROE 3y average
4.0%
ROE last year
3.0%

Annual P&L

Annual revenue
₹230 Cr
Annual profit
₹3 Cr
Operating margin
4.9%
Net profit margin
1.3%
EBITDA margin
4.8%
Sales growth 3y
29.9%
Sales growth 5y
36.8%
Profit growth 3y
-16.0%
Profit growth 5y
17.0%
EPS
₹0.7
Sales growth TTM
77.0%
Profit growth TTM
-11.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹59 Cr
Profit latest quarter
₹2 Cr
YoY quarterly sales growth
167.4%
YoY quarterly profit growth
1106.7%
OPM latest quarter
6.9%

Balance Sheet

Book Value
₹29.4
Face Value
₹10.0
Total debt
₹56 Cr
Total cash
₹7 Cr
Borrowings
₹56 Cr
Reserves / Equity
3.3

Cash Flow

Operating cash flow
-₹27 Cr
Free cash flow
-₹28 Cr
FCF yield
-42.1%
Net cash flow
₹0 Cr

Shareholding

Promoter holding
18.6%
FII holding
0.1%
DII holding
—
Public holding
81.4%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
PTC Industries24,685.00294.737,0090.0029.2465.7191.897.48.6
AIA Engineering3,858.0028.436,0030.41301.0-1.31,168.012.421.1
Happy Forgings1,934.3055.818,2600.2191.539.2449.427.018.0
Balu Forge507.5023.06,1610.0366.115.9300.728.922.7
Steelcast373.3041.73,7780.4623.719.3124.817.032.3
Amic Forging2,537.1596.12,9300.0015.923.775.230.425.2
Inv.& Prec.Cast.1,594.50106.81,5950.065.0129.953.421.114.4
Hilton Met.Forg.16.5816.7850.001.81106.759.0167.45.5
Median434.5028.49160.014.14.271.011.515.7

Competes with: AIA Engineering Limited, Balu Forge Industries Limited, Happy Forgings Limited, Investment & Precision Castings Limited, Nelcast Limited, PTC Industries Limited, Steelcast Limited, Synergy Green Industries Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales28354234344440452288705159
Expenses24313731324138432084664855
Material Cost402183655148
Change in Inventories0.08-3.30-1.78-1.62-6.350.36
Purchases of Stock-in-Trade000000
Employee Cost1.170.920.831.001.001.18
Other Expenses1.621.322.171.872.415.62
Operating Profit3.793.884.372.692.482.652.772.301.883.403.472.554.09
OPM %1411107.957.296.066.885.118.533.884.975.026.94
Other Income0.100.680.320.710.320.400.424.030.380.380.330.550.31
Exceptional items (within Other Income)000000
Interest1.251.161.592.481.511.732.091.711.591.521.872.031.67
Depreciation0.600.600.600.410.560.560.560.550.560.560.550.550.56
Profit before tax2.042.802.500.510.730.760.544.070.111.701.380.522.17
Tax %171716-5.88221815-11-36-2.35-2.907317
Net Profit1.702.332.110.550.570.620.454.530.151.741.420.141.81
EPS in Rs0.370.510.460.120.120.120.090.880.030.340.280.030.35
Diluted EPS in Rs1.930.060.741.220.040.35

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales926780951011034884105138163230267
Expenses866475889496657991123153219254
Material Cost143221
Change in Inventories-3.91-13
Purchases of Stock-in-Trade00
Employee Cost3.773.76
Other Expenses9.527.77
Operating Profit636777-1761415101114
OPM %657767-367141164.905
Other Income0000100-112522
Exceptional items (within Other Income)00
Interest22333344567.0577
Depreciation2333333322.202.2322
Profit before tax2-1-0112-24-277.876.1046
Tax %42169570-59-17-1701715-17
Net Profit1-2-0022-20266.696.1835
EPS in Rs0.24-0.41-0.110.070.400.40-5.100.461.271.451.200.671
Diluted EPS in Rs2.781.34
Dividend Payout %33-0-0-0-0-0-0-0-0-0-0-0

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
13%
5 years
37%
3 years
30%
TTM
77%

Compounded profit growth

10 years
15%
5 years
17%
3 years
-16%
TTM
-11%

Stock price CAGR

10 years
3%
5 years
10%
3 years
-50%
1 year
-55%

Return on equity

10 years
1%
5 years
5%
3 years
4%
Last year
3%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121212121212121221212335
Reserves4947474749503132687992116
Borrowings272426354245576053546356
Other Liabilities25223047314213927314229
Total Liabilities114106115142135149113114169185221236
Fixed Assets333136373533333129272425
CWIP770-00-0-0815212523
Investments000000000000
Other Assets746879105991168075126137171188
Total Assets114106115142135149113114169185221236

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity553-12409-24102.73-27
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 Flow00-0-0-00-10-0050
Free Cash Flow-253-424-21-303-2.91-28

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 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 %513455-193101086

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters282828282828277.717.717.871419
FIIs0.330.270.2900.110.110.180.130.230.230.210.06
DIIs0
Public727272727272729292928681
No. of Shareholders10,66811,25613,38417,14320,98719,94320,12225,15124,66325,09426,18927,789

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -62.6% (₹43.29 → ₹16.19)Brick size ₹0.77 (fixed)Bricks 121
₹20.00₹30.00₹40.00₹16.19Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹16.19 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

48.80inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Hilton Metal Forging Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • alloy steel
  • stainless steel
  • steel bars
  • steel billets
  • steel tubes

Depends on the price of

  • steel

Sells to

  • Indian Railways · forged railway wheels — AR: first Indian MSME to produce indigenous forged railway wheels,…
  • Jupiter Wagons Limited · forged wagon wheel sets — 250-set trial order supplied, followed by an LOI for 6,000 forge…

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Castings & Forgings
Classification
Capital Goods › Castings & Forgings
ISIN
INE788H01017

Plants

  • Hilton Metal Forging Wada forging plant

News impact

Big market events that reach Hilton Metal Forging Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

21 Sep 2015unspecified₹0.25
18 Sep 2014unspecified₹0.5
19 Sep 2013unspecified₹0.4
24 Sep 2012unspecified₹0.25
20 Sep 2011unspecified₹0.25
22 Sep 2010unspecified₹0.25

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.