Hilton Metal Forging Limited (HILTON) AI Stock Analysis

• Market Cap: ₹981.22M
• Dividend Yield: N/A
• Average Volume (3M): 17.96K
• Price to Earnings (P/E): 10.9
• Beta (1Y): 1.85
• Revenue Growth: 27.13%
• EPS Growth: 63.22%
• Country: IN
• Employees: 60
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 0.66
• Shares Outstanding: 34,696,552
• 10 Day Avg. Volume: 25,125
• 30 Day Avg. Volume: 17,962
• PEG Ratio: -2.31
• Price to Book (P/B): 1.55
• Price to Sales (P/S): 1.10
• P/FCF Ratio: -8.31
• 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: 56 Neutral
• Price Target: ₹29.00 ▼(-13.84% Downside)

The score is held back primarily by weak technicals: the stock is in a pronounced downtrend (well below key moving averages) with bearish momentum. Financial performance is mixed—good revenue growth and improving operating efficiency, but cash flow stability is a clear weakness. Valuation is a supportive offset with a low P/E, but not enough to outweigh the technical and cash-flow risks.

Positive Factors

Business model: value-added forging & machining

Hilton's core B2B manufacturing model—forged parts plus value-added machining and inspection—creates sticky, specification-driven customer relationships and higher realization products. This structural mix supports durable revenue visibility and margin up‑capture versus commodity forgings.

Consistent revenue growth trend

Sustained ~27% revenue growth and management commentary on consistent top‑line increases indicate expanding market share or higher volumes. Durable growth helps absorb fixed costs, improves capacity utilization and underpins multi‑period planning and reinvestment decisions.

Improving operational efficiency

Notable improvement in gross and operating margins shows better cost control and scale economics. Structural efficiency gains reduce breakeven, enhance competitiveness on engineering contracts, and increase resilience to raw material swings over the medium term.

Negative Factors

Volatile cash flow and weak FCF

Persistent volatility in operating cash flow and inconsistent free cash flow generation undermine the company's ability to fund capex, service liabilities, or return capital without external financing. This reduces financial flexibility and raises execution risk for growth plans.

Low net profit margins

Despite improved gross and operating margins, elevated operating expenses keep net margins low, limiting retained earnings and internal funding capacity. Over time, weak net conversion constrains balance sheet strengthening and reduces buffer against demand shocks.

Moderate financial stability / leverage mix

A reliance on a balanced mix of debt and equity implies moderate leverage and limited headroom. While not excessive, this structure can constrain incremental borrowing and raises sensitivity to cash flow shortfalls, making financing of capex or working capital growth more conditional.

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 strength (68) reflects solid revenue growth and improving gross/operating margins, but net margins remain low. Balance sheet is moderate (62) with reasonable leverage and improving ROE. Cash flow is the key drag (55) due to volatile operating cash flow and inconsistent free cash flow generation.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.51B	1.63B	1.38B	1.05B	837.68M	472.18M
Gross Profit	200.62M	174.88M	270.40M	255.85M	112.99M	-99.22M
EBITDA	148.29M	153.74M	151.95M	144.77M	42.24M	-170.38M
Net Income	57.50M	61.76M	66.86M	58.60M	17.62M	-195.72M
Balance Sheet
Total Assets	0.00	2.21B	1.85B	1.69B	1.14B	1.13B
Cash, Cash Equivalents and Short-Term Investments	64.64M	64.64M	11.70M	11.13M	12.42M	744.00K
Total Debt	0.00	610.06M	540.77M	528.77M	602.68M	573.21M
Total Liabilities	-1.16B	1.05B	850.46M	801.07M	691.43M	698.80M
Stockholders Equity	1.16B	1.16B	995.20M	891.21M	448.77M	431.15M
Cash Flow
Free Cash Flow	0.00	-215.71M	32.79M	-302.30M	8.98M	-19.92M
Operating Cash Flow	0.00	-156.62M	101.14M	-240.70M	94.93M	4.52M
Investing Cash Flow	0.00	15.43M	-53.67M	-56.99M	-85.44M	-22.61M
Financing Cash Flow	0.00	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: Positive
• RSI: Neutral
• 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 30.61, below the 50-day MA of 34.47, and below the 200-day MA of 47.78, indicating a bearish trend. The MACD of -1.99 indicates Positive momentum. The RSI at 32.97 is Neutral, neither overbought nor oversold. The STOCH value of 27.98 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	₹19.72B	20.64	―	1.07%	-4.47%	-17.62%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
PTCIL	63 Neutral	₹270.44B	435.13	―	―	66.18%	31.67%
TIRUPATIFL	60 Neutral	₹4.01B	72.61	―	―	-0.94%	-48.46%
ALICON	58 Neutral	₹11.13B	33.25	―	0.65%	-3.78%	-54.67%
GANGAFORGE	57 Neutral	₹451.59M	-14.50	―	―	1.05%	-531.16%
HILTON	56 Neutral	₹981.22M	10.87	―	―	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.

Hilton Metal Forging Limited Announces Key Financial and Operational Changes

Hilton Metal Forging Limited’s board has approved several key changes, including an increase in authorized share capital from Rs. 35 crore to Rs. 55 crore, subject to shareholder approval. Additionally, the board has decided to raise the investment limits for properties and assets and increase the remuneration of the CFO, Mr. Mohak Malhotra. An Extra-Ordinary General Meeting is scheduled for December 2, 2025, to obtain necessary shareholder approvals for these changes. The trading window for the company’s securities remains closed until 48 hours after the financial results for the quarter and half-year ended September 30, 2025, are declared.