About
Hilton Metal Forging Limited manufactures and sells iron and steel forgings for railways, oil and gas, refinery, and pharmaceutical industries in India. The company offers stainless steel, high pressure, threaded, blind, weld neck, and socket welded flanges; railway wheel forgings; and forged and hydraulic fittings. It also provides engineered parts; crank shafts; body bonnets; stub ends; forged components; top deck covers; and Christmas tree components. The company also exports its products. Hilton Metal Forging Limited was incorporated in 2005 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap96 Cr
P/E18.80
Div Yield0.00 %
Book Value₹29.40
52w High₹47.60
52w Low₹13.40
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 58.96 | 50.84 | 69.84 | 87.64 | 22.05 | 44.97 | 40.29 | 43.75 | 34.03 | 33.83 | 41.74 | 34.81 | 27.68 |
| Expenses | 54.87 | 48.29 | 66.37 | 84.24 | 20.17 | 42.67 | 37.52 | 41.10 | 31.55 | 31.14 | 37.37 | 30.93 | 23.89 |
| Operating Profit | 4.09 | 2.55 | 3.47 | 3.40 | 1.88 | 2.30 | 2.77 | 2.65 | 2.48 | 2.69 | 4.37 | 3.88 | 3.79 |
| OPM % | 6.94 | 5.02 | 4.97 | 3.88 | 8.53 | 5.11 | 6.88 | 6.06 | 7.29 | 7.95 | 10.47 | 11.15 | 13.69 |
| Other Income | 0.31 | 0.55 | 0.33 | 0.38 | 0.38 | 4.03 | 0.42 | 0.40 | 0.32 | 0.71 | 0.32 | 0.68 | 0.10 |
| Depreciation | 0.56 | 0.55 | 0.55 | 0.56 | 0.56 | 0.55 | 0.56 | 0.56 | 0.56 | 0.41 | 0.60 | 0.60 | 0.60 |
| Interest | 1.67 | 2.03 | 1.87 | 1.52 | 1.59 | 1.71 | 2.09 | 1.73 | 1.51 | 2.48 | 1.59 | 1.16 | 1.25 |
| Profit before tax | 2.17 | 0.52 | 1.38 | 1.70 | 0.11 | 4.07 | 0.54 | 0.76 | 0.73 | 0.51 | 2.50 | 2.80 | 2.04 |
| Tax % | 16.59 | 73.08 | -2.90 | -2.35 | -36.36 | -11.30 | 14.81 | 18.42 | 21.92 | -5.88 | 15.60 | 17.14 | 16.67 |
| Net Profit | 1.81 | 0.14 | 1.42 | 1.74 | 0.15 | 4.53 | 0.45 | 0.62 | 0.57 | 0.55 | 2.11 | 2.33 | 1.70 |
| EPS in Rs | 0.35 | 0.03 | 0.28 | 0.34 | 0.03 | 0.88 | 0.09 | 0.12 | 0.12 | 0.12 | 0.46 | 0.51 | 0.37 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 230.00 | 163.00 | 138.00 | 105.00 | 84.00 | 48.00 | 103.00 | 101.00 | 95.00 | 80.00 | 67.00 | 92.00 |
| Expenses | 219.00 | 153.00 | 123.00 | 91.00 | 79.00 | 65.00 | 96.00 | 94.00 | 88.00 | 75.00 | 64.00 | 86.00 |
| Operating Profit | 11.00 | 10.00 | 15.00 | 14.00 | 6.00 | -17.00 | 7.00 | 7.00 | 7.00 | 6.00 | 3.00 | 6.00 |
| OPM % | 4.90 | 6.00 | 11.00 | 14.00 | 7.00 | -36.00 | 7.00 | 6.00 | 7.00 | 7.00 | 5.00 | 6.00 |
| Other Income | 2.00 | 5.00 | 2.00 | 1.00 | -1.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 7.00 | 7.00 | 6.00 | 5.00 | 4.00 | 4.00 | 3.00 | 3.00 | 3.00 | 3.00 | 2.00 | 2.00 |
| Depreciation | 2.00 | 2.00 | 2.00 | 2.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 2.00 |
| Profit before tax | 4.00 | 6.00 | 8.00 | 7.00 | -2.00 | -24.00 | 2.00 | 1.00 | 1.00 | 0.00 | -1.00 | 2.00 |
| Tax % | 7.00 | -1.00 | 15.00 | 17.00 | -170.00 | -17.00 | 9.00 | -5.00 | 70.00 | 95.00 | 16.00 | 42.00 |
| Net Profit | 3.00 | 6.00 | 7.00 | 6.00 | 2.00 | -20.00 | 2.00 | 2.00 | 0.00 | 0.00 | -2.00 | 1.00 |
| EPS in Rs | 0.67 | 1.20 | 1.45 | 1.27 | 0.46 | -5.10 | 0.40 | 0.40 | 0.07 | -0.11 | -0.41 | 0.24 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 33.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 35.00 | 23.00 | 21.00 | 21.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 |
| Reserves | 116.00 | 92.00 | 79.00 | 68.00 | 32.00 | 31.00 | 50.00 | 49.00 | 47.00 | 47.00 | 47.00 | 49.00 |
| Borrowings | 50.00 | 63.00 | 54.00 | 53.00 | 60.00 | 57.00 | 45.00 | 42.00 | 35.00 | 26.00 | 24.00 | 27.00 |
| Other Liabilities | 35.00 | 42.00 | 31.00 | 27.00 | 9.00 | 13.00 | 42.00 | 31.00 | 47.00 | 30.00 | 22.00 | 25.00 |
| Total Liabilities | 236.00 | 221.00 | 185.00 | 169.00 | 114.00 | 113.00 | 149.00 | 135.00 | 142.00 | 115.00 | 106.00 | 114.00 |
| Fixed Assets | 25.00 | 24.00 | 27.00 | 29.00 | 31.00 | 33.00 | 33.00 | 35.00 | 37.00 | 36.00 | 31.00 | 33.00 |
| CWIP | 23.00 | 25.00 | 21.00 | 15.00 | 8.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.00 | 7.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 188.00 | 171.00 | 137.00 | 126.00 | 75.00 | 80.00 | 116.00 | 99.00 | 105.00 | 79.00 | 68.00 | 74.00 |
| Total Assets | 236.00 | 221.00 | 185.00 | 169.00 | 114.00 | 113.00 | 149.00 | 135.00 | 142.00 | 115.00 | 106.00 | 114.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -27.00 | 3.00 | 10.00 | -24.00 | 9.00 | 0.00 | 4.00 | 2.00 | -1.00 | 3.00 | 5.00 | 5.00 |
| Cash from Investing Activity | 33.00 | 11.00 | -2.00 | 33.00 | -9.00 | -2.00 | 0.00 | 0.00 | -3.00 | 0.00 | 0.00 | -7.00 |
| Cash from Financing Activity | -6.00 | -9.00 | -8.00 | -9.00 | -1.00 | 1.00 | -3.00 | -2.00 | 4.00 | -3.00 | -5.00 | 2.00 |
| Net Cash Flow | 0.00 | 5.00 | 0.00 | 0.00 | 0.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow | -28.00 | 2.00 | 3.00 | -30.00 | 1.00 | -2.00 | 4.00 | 2.00 | -4.00 | 3.00 | 5.00 | -2.00 |
| CFO/OP % | -236.00 | 26.00 | 77.00 | -162.00 | 95.00 | 20.00 | 49.00 | 31.00 | -14.00 | 61.00 | 156.00 | 87.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56.00 | 88.00 | 72.00 | 105.00 | 6.00 | 72.00 | 119.00 | 67.00 | 106.00 | 98.00 | 103.00 | 77.00 |
| Inventory Days | 176.00 | 220.00 | 259.00 | 306.00 | 293.00 | 374.00 | 346.00 | 317.00 | 364.00 | 296.00 | 329.00 | 249.00 |
| Days Payable | 39.00 | 75.00 | 70.00 | 97.00 | 11.00 | 20.00 | 126.00 | 81.00 | 208.00 | 140.00 | 133.00 | 105.00 |
| Cash Conversion Cycle | 193.00 | 233.00 | 262.00 | 314.00 | 288.00 | 426.00 | 338.00 | 303.00 | 262.00 | 254.00 | 300.00 | 221.00 |
| Working Capital Days | 169.00 | 143.00 | 162.00 | 193.00 | 75.00 | 176.00 | 143.00 | 139.00 | 136.00 | 120.00 | 138.00 | 98.00 |
| ROCE % | 6.00 | 8.00 | 10.00 | 10.00 | 3.00 | -19.00 | 5.00 | 5.00 | 4.00 | 3.00 | 1.00 | 5.00 |
Corporate Actions
25 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Rights | 24 Feb 2026 | 24 Feb 2026 | 29:60 | — | |
| Other | 24 Feb 2026 | 24 Feb 2026 | — | — | Right Issue of Equity Shares |
| Rights | 26 Dec 2025 | 26 Dec 2025 | 14:29 | — | |
| Other | 26 Dec 2025 | 26 Dec 2025 | — | — | Right Issue of Equity Shares |
| Other | 20 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 18 Aug 2023 | — | — | — | Annual General Meeting |
| Rights | 20 Oct 2022 | 20 Oct 2022 | 2:5 | — | |
| Other | 20 Oct 2022 | 20 Oct 2022 | — | — | Right Issue of Equity Shares |
| Other | 06 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2020 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2019 | — | — | — | Annual General Meeting |
| Other | 05 Nov 2018 | — | — | — | E.G.M. |
| Other | 05 Nov 2018 | — | — | — | Extra Ordinary General Meeting |
| Other | 18 Sep 2018 | — | — | — | Annual General Meeting |
| Other | 14 Sep 2017 | — | — | — | Annual General Meeting |
| Other | 15 Sep 2016 | — | — | — | Annual General Meeting |
| Dividend | 21 Sep 2015 | — | — | 0.25 | |
| Dividend | 18 Sep 2014 | — | — | 0.50 | |
| Dividend | 19 Sep 2013 | — | — | 0.40 | |
| Dividend | 24 Sep 2012 | — | — | 0.25 | |
| Dividend | 20 Sep 2011 | — | — | 0.25 | |
| Dividend | 22 Sep 2010 | — | — | 0.25 | |
| Dividend | 16 Sep 2009 | — | — | 0.25 | |
| Dividend | 08 Jul 2008 | — | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update2 Sep 2025 from care
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Rating update16 Jul 2025 from care
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Rating update2 Jul 2024 from care
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Rating update29 Jun 2023 from care
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Rating update1 Jul 2022 from care
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Rating update6 Aug 2021 from care