Hilton Metal Forging Limited (HILTON) AI Stock Analysis

• Market Cap: ₹864.64M
• Dividend Yield: N/A
• Average Volume (3M): 17.96K
• Price to Earnings (P/E): 13.7
• Beta (1Y): 1.78
• Revenue Growth: 27.13%
• EPS Growth: 63.22%
• Country: IN
• Employees: 60
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 0.58
• Shares Outstanding: 51,466,553
• 10 Day Avg. Volume: 25,125
• 30 Day Avg. Volume: 17,962
• PEG Ratio: -1.94
• Price to Book (P/B): 1.31
• Price to Sales (P/S): 0.93
• P/FCF Ratio: -7.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: ₹20.00 ▼(-40.58% Downside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is primarily constrained by weak technicals (price far below key moving averages with negative momentum) and only moderate financial quality due to volatile cash flows and low net margins. A low P/E provides valuation support but is not enough to offset the current momentum and cash-flow concerns.

Positive Factors

Revenue Growth Trend

Nearly 48% reported revenue growth indicates durable demand expansion and improved market penetration in core forged and machined components. Sustained top-line growth supports capacity utilization, scale benefits, and long-term customer adoption in industrial OEM channels.

Improving Margins and ROE

Significant improvement in gross and operating margins plus a higher ROE signal better cost control and more efficient capital deployment. These changes support sustainable operating leverage and stronger returns on invested capital over the medium term.

B2B Specialized Manufacturing Model

A focused B2B model supplying engineered forgings and value-added machining creates customer stickiness, higher realizations on machined parts, and longer product lifecycles. Bundled services (machining, inspection) strengthen competitive positioning and recurring order potential.

Negative Factors

Volatile Cash Flows

Irregular operating and free cash flow weaken financial resilience, constrain reinvestment and capex planning, and increase reliance on external funding. Over months, this limits the company's ability to scale capacity or absorb demand shocks without stressing liquidity.

Low Net Profit Margins

Despite better gross margins, persistently low net margins reduce retained earnings and buffer against downturns. High operating costs limit conversion of revenue to profit, curbing internal funding for growth and reducing long-term margin sustainability.

Exposure to Input Costs and Order Cyclicality

Business profitability is sensitive to raw material price swings and OEM order cycles. Limited ability to fully pass through costs and dependence on volume-driven pricing create earnings volatility and constrain predictability of margins across a multi-month horizon.

Hilton Metal Forging Limited Business Overview & Revenue Model

Company Description

Hilton Metal Forging Limited manufactures and sells iron and steel forgings for 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.

How the Company Makes Money

HILTON generates revenue through multiple key streams, primarily by manufacturing and supplying forged components to clients in various sectors such as automotive and aerospace. The company operates a business model that focuses on high-volume production of custom metal parts, which allows it to benefit from economies of scale. Additionally, HILTON engages in long-term contracts with major industry players, ensuring a steady stream of income. Strategic partnerships with suppliers and technological investments in advanced forging techniques further enhance its operational efficiency and profitability. The company also explores opportunities for expansion into emerging markets, which contributes to its revenue growth.

Hilton Metal Forging Limited Financial Statement Overview

Summary

Income statement trends are supportive (revenue growth and improved gross/operating margins), but overall quality is held back by low net profit margins and weaker cash generation. Balance sheet leverage appears reasonable, yet cash flow volatility and inconsistent free cash flow reduce confidence in earnings durability.

Income Statement

Hilton Metal Forging Limited has shown a consistent revenue growth trend, with a significant increase in total revenue over the past years. Gross profit margin improved significantly in recent years, reflecting better cost management. However, the net profit margin is relatively low due to high operating expenses. The EBIT and EBITDA margins indicate that the company has improved its operational efficiency, but there is room for further improvement in net profitability.

Balance Sheet

The company maintains a reasonable debt-to-equity ratio, reflecting a balanced approach to leverage. Return on equity has improved, indicating better utilization of equity financing. However, the equity ratio suggests a moderate level of financial stability, with significant reliance on both equity and debt financing.

Cash Flow

Hilton Metal Forging Limited has faced challenges with consistent positive free cash flow, with fluctuations observed over the years. The operating cash flow has been volatile, and the free cash flow to net income ratio suggests limited cash generation relative to reported profits. There is a need to enhance cash flow management to support operations and growth.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.95B	1.63B	1.38B	1.05B	837.68M	472.18M
Gross Profit	206.40M	174.88M	270.40M	255.85M	112.99M	-99.22M
EBITDA	155.56M	153.74M	151.95M	144.77M	42.24M	-170.38M
Net Income	68.70M	61.76M	66.86M	58.60M	17.62M	-195.72M
Balance Sheet
Total Assets	2.34B	2.21B	1.85B	1.69B	1.14B	1.13B
Cash, Cash Equivalents and Short-Term Investments	75.87M	64.64M	11.70M	11.13M	12.42M	744.00K
Total Debt	674.43M	610.06M	540.77M	528.77M	602.68M	573.21M
Total Liabilities	1.17B	1.05B	850.46M	801.07M	691.43M	698.80M
Stockholders Equity	1.17B	1.16B	995.20M	891.21M	448.77M	431.15M
Cash Flow
Free Cash Flow	-81.69M	-215.71M	32.79M	-302.30M	8.98M	-19.92M
Operating Cash Flow	-56.35M	-156.62M	101.14M	-240.70M	94.93M	4.52M
Investing Cash Flow	-19.08M	15.43M	-53.67M	-56.99M	-85.44M	-22.61M
Financing Cash Flow	73.24M	193.12M	-39.08M	296.41M	-6.83M	11.87M

Hilton Metal Forging Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 33.66
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HILTON, the sentiment is Negative. The current price of 33.66 is above the 20-day moving average (MA) of 19.89, above the 50-day MA of 25.40, and below the 200-day MA of 40.89, indicating a bearish trend. The MACD of -2.62 indicates Negative momentum. The RSI at 23.47 is Positive, neither overbought nor oversold. The STOCH value of 27.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HILTON.

Hilton Metal Forging Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MMFL	72 Outperform	₹21.69B	24.91	―	1.07%	-4.47%	-17.62%
TIRUPATIFL	67 Neutral	₹5.48B	52.14	―	―	-0.94%	-48.46%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
PTCIL	63 Neutral	₹269.67B	379.22	―	―	66.18%	31.67%
ALICON	63 Neutral	₹11.32B	100.99	―	0.65%	-3.78%	-54.67%
GANGAFORGE	57 Neutral	₹388.23M	307.92	―	―	1.05%	-531.16%
HILTON	55 Neutral	₹864.64M	13.74	―	―	27.13%	63.22%

Hilton Metal Forging Limited Corporate Events

Hilton Metal Forging to Raise ₹32 Crore via Rights Issue to Existing Shareholders

Hilton Metal Forging Limited has announced a rights issue of 1,12,96,551 fully paid equity shares with a face value of ₹10 each at an issue price of ₹28.32 per share, including a premium of ₹18.32, to raise approximately ₹32 crore. The offer will be made to existing eligible shareholders on a rights basis in the ratio of 14 rights shares for every 29 shares held as of the December 26, 2025 record date, a move that is expected to strengthen the company’s capital base and support its future growth and operational requirements while offering current investors an opportunity to increase their stake at a defined price.

Hilton Metal Forging Revises Timetable for Upcoming Rights Issue

Hilton Metal Forging Limited’s board has approved a revision to the timetable of its upcoming rights issue to align with the Companies Act, SEBI’s Issue of Capital and Disclosure Requirements Regulations, and related circulars, while keeping all other previously approved terms unchanged. The rights issue will now open on January 5, 2026, with on‑market renunciation allowed from January 5 to January 7, off‑market renunciation ending on January 9, and the issue closing on January 12, 2026, a schedule that clarifies participation windows for existing shareholders and may influence short‑term trading and capital-raising plans.

Hilton Metal Forging Announces Rs 31.99-Crore Rights Issue and Corrects Key Timelines

Hilton Metal Forging Limited’s board has approved a rights issue of 11,296,551 equity shares to existing shareholders in a 14-for-29 ratio at an issue price of Rs 28.32 per share, aiming to raise approximately Rs 31.99 crore and increase its outstanding equity shares from 2.34 crore to about 3.47 crore, assuming full subscription. The company has also corrected previously miscommunicated dates for the on-market renunciation period end and rights issue closing, confirming the renunciation will now end on Friday, January 9, 2026, and the issue will close on Monday, January 12, 2026, a clarification intended to ensure orderly participation by investors and minimize confusion for market stakeholders.

Hilton Metal Forging Announces Rs 31.99 Crore Rights Issue to Strengthen Equity Base

Hilton Metal Forging Limited’s board has approved a rights issue of 11,296,551 equity shares, priced at Rs 28.32 per share, to existing shareholders in the ratio of 14 shares for every 29 fully paid shares held as of the December 26, 2025 record date. The fundraise, amounting to approximately Rs 31.99 crore and potentially increasing the company’s paid-up equity capital to 34,696,551 shares on full subscription, is structured to allow trading and renunciation of rights during a January 5–11, 2026 window, signaling a move to strengthen the company’s capital base and broaden its equity float while offering current investors a chance to maintain or increase their stake.

Hilton Metal Forging Board Clears Rs 32-Crore Rights Issue for Existing Shareholders

Hilton Metal Forging Limited’s board has approved the terms of a rights issue of equity shares to existing shareholders, setting an issue size of approximately Rs 32 crore through the issuance of 1,12,96,551 shares at Rs 28.32 per share. Eligible shareholders on the record date of December 26, 2025, can subscribe to 14 rights shares for every 29 fully paid-up shares held, with the offer open from January 5 to January 11, 2026, and the company’s equity base projected to increase from 2.34 crore to about 3.47 crore shares upon full subscription, strengthening its capital position and potentially supporting future growth initiatives.

Hilton Metal Forging Clears Rs 32 Crore Rights Issue, Sets December 26 Record Date

Hilton Metal Forging Limited’s board has approved the terms of a rights issue of equity shares, setting a record date of December 26, 2025 to determine eligible shareholders. The company will issue 11,296,551 rights equity shares at Rs 28.32 per share, aggregating to approximately Rs 31.99 crore, in a 14-for-29 ratio to existing fully paid-up shareholders, with the issue open from January 5 to January 11, 2026 and on-market renunciation allowed until January 8. Upon full subscription, the company’s outstanding equity share capital will rise from 2.34 crore to 3.47 crore shares, signaling a significant capital infusion that may strengthen its balance sheet and support future growth initiatives while diluting existing holdings proportionately.

Hilton Metal Forging Clears Rs 32 Crore Rights Issue for Existing Shareholders

Hilton Metal Forging Limited’s board has approved the detailed terms of a rights issue of equity shares, offering 1,12,96,551 new shares at Rs. 28.32 per share to existing shareholders in a 14-for-29 ratio as of the record date of December 26, 2025. The issue, which could raise up to Rs. 31.99 crore and expand the company’s equity base from 2.34 crore to 3.47 crore shares assuming full subscription, is scheduled to open on January 5, 2026 and close on January 11, 2026, with on-market renunciation permitted until January 8, 2026, signaling a bid to strengthen the company’s capital position and provide existing shareholders with an opportunity to maintain or adjust their stakes.

Hilton Metal Forging Schedules Board Meeting for Right Issue Approval

Hilton Metal Forging Limited announced a Board Meeting scheduled for December 10, 2025, to discuss and approve details regarding a Right Issue, including the issue size, price, and entitlement ratio. The trading window for the company’s securities has been closed from December 07, 2025, until 48 hours after the Board Meeting, in compliance with SEBI regulations.

Hilton Metal Forging EOGM Resolutions Approved

Hilton Metal Forging Limited announced that all resolutions proposed at their Extraordinary General Meeting held on December 2, 2025, were approved by the requisite majority. This approval, conducted via video conferencing, aligns with regulatory requirements and reflects the company’s commitment to adhering to governance standards, potentially reinforcing stakeholder confidence.