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Hilton Metal Forging Limited (IN:HILTON)
:HILTON
India Market
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Hilton Metal Forging Limited (HILTON) AI Stock Analysis

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IN:HILTON

Hilton Metal Forging Limited

(HILTON)

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Neutral 55 (OpenAI - 5.2)
Rating:55Neutral
Price Target:
₹24.00
▼(-28.70% Downside)
Action:Reiterated
Date:06/01/26
The score is held back mainly by weak cash-flow conversion (negative operating/free cash flow in multiple recent years) and margin pressure in the latest year, despite strong revenue growth and balance-sheet improvement. Technicals are neutral-to-weak on a longer-term basis, while the low P/E provides meaningful valuation support.
Positive Factors
Strong Revenue Growth
Sustained multi-year top-line growth signals durable demand for forged components and successful scaling of production. A rising revenue base supports operating leverage, capacity utilization and long-term customer relationships, strengthening fundamentals if margins stabilize.
Negative Factors
Weak Cash Generation
Repeated negative operating and free cash flows indicate profits are not reliably converting to cash, increasing dependence on external financing. This undermines financial flexibility, constrains capex and working-capital funding, and elevates medium-term liquidity and execution risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained multi-year top-line growth signals durable demand for forged components and successful scaling of production. A rising revenue base supports operating leverage, capacity utilization and long-term customer relationships, strengthening fundamentals if margins stabilize.
Read all positive factors

Hilton Metal Forging Limited (HILTON) vs. iShares MSCI India ETF (INDA)

Hilton Metal Forging Limited Business Overview & Revenue Model

Company Description
Hilton Metal Forging Limited, an Indian enterprise established in 2005 and headquartered in Mumbai, specializes in the production and distribution of iron and steel forged products. The company serves key industrial sectors, including oil and gas,...
How the Company Makes Money
HILTON makes money primarily by producing and selling forged metal components (and any value-added operations such as machining, heat treatment, and finishing where included in customer orders). Revenue is generated on a per-order/contract basis, ...

Hilton Metal Forging Limited Financial Statement Overview

Summary
Strong revenue growth and an improving balance sheet (lower debt vs. prior years, rising equity) are positives, but repeated negative operating and free cash flow in 2023, 2025, and 2026 is a major concern. Profitability also weakened in 2026 despite higher sales, pointing to margin pressure and less reliable earnings quality.
Income Statement
63
Positive
Balance Sheet
72
Positive
Cash Flow
34
Negative
BreakdownMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue2.30B1.63B1.38B1.05B837.68M
Gross Profit168.35M174.88M270.40M255.85M112.99M
EBITDA112.92M153.74M151.95M144.77M42.24M
Net Income34.46M61.76M66.86M58.60M17.62M
Balance Sheet
Total Assets2.36B2.21B1.85B1.69B1.14B
Cash, Cash Equivalents and Short-Term Investments69.53M64.64M11.70M11.13M12.42M
Total Debt499.19M610.06M540.77M528.77M602.68M
Total Liabilities850.21M1.05B850.46M801.07M691.43M
Stockholders Equity1.51B1.16B995.20M891.21M448.77M
Cash Flow
Free Cash Flow-207.50M-215.71M32.79M-302.30M8.98M
Operating Cash Flow-200.13M-156.62M101.14M-240.70M94.93M
Investing Cash Flow312.55M15.43M-53.67M-56.99M-85.44M
Financing Cash Flow-110.88M193.12M-39.08M296.41M-6.83M

Hilton Metal Forging Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price33.66
Price Trends
50DMA
22.12
Positive
100DMA
21.40
Positive
200DMA
28.32
Negative
Market Momentum
MACD
0.55
Negative
RSI
54.82
Neutral
STOCH
61.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HILTON, the sentiment is Neutral. The current price of 33.66 is above the 20-day moving average (MA) of 22.63, above the 50-day MA of 22.12, and above the 200-day MA of 28.32, indicating a neutral trend. The MACD of 0.55 indicates Negative momentum. The RSI at 54.82 is Neutral, neither overbought nor oversold. The STOCH value of 61.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:HILTON.

Hilton Metal Forging Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
59
Neutral
₹10.43B29.780.65%2.95%-25.58%
57
Neutral
₹254.80B256.1595.66%64.64%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
55
Neutral
₹1.20B15.8841.29%-41.91%
53
Neutral
₹24.13B25.121.07%4.24%-19.47%
53
Neutral
₹8.37B131.5541.31%-30.95%
47
Neutral
₹717.82M-7.97-17.59%-710.66%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:HILTON
Hilton Metal Forging Limited
23.20
-33.91
-59.38%
IN:ALICON
Alicon Castalloy Limited
633.95
-343.37
-35.13%
IN:GANGAFORGE
Ganga Forging Ltd.
2.21
-0.75
-25.21%
IN:MMFL
MM Forgings Limited
523.40
168.14
47.33%
IN:PTCIL
PTC Industries Ltd
17,610.40
3,151.30
21.79%
IN:TIRUPATIFL
Tirupati Forge Ltd.
68.10
24.48
56.12%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 01, 2026