Is Hilton Metal Forging a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hilton Metal Forging Ltd is a below average quality company .

Is Hilton Metal Forging undervalued or overvalued?

The key valuation ratios of Hilton Metal Forging Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Hilton Metal Forging share price return in the past 10 years?

Hilton Metal Forging Ltd share price has appreciated 18.1% annually (CAGR) over the past ten years.

Is Hilton Metal Forging a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Hilton Metal Forging Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Hilton Metal Forging Ltd - Stock Valuation and Financial Performance

Name: Hilton Metal Forging
Brand: Hilton Metal Forging

BSE: 532847 | NSE: HILTON | Forgings | Small Cap

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Hilton Metal Forging Share Price

₹97.32 -3.59 -3.56%
as on 20-Dec'24 16:59

10 Year X-Ray of Hilton Metal Forging:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	4.7%	1.1%	3.3%	4.4%	4.9%	4.9%	-18.8%	1.6%	10%	9.7%	-
Value Creation Index ⓘ	-0.7	-0.9	-0.8	-0.7	-0.7	-0.7	-2.4	-0.9	-0.3	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	92.1	67.1	80.3	94.8	101	103	47.5	84.1	105	138	153
Sales YoY Gr.	-	-27.1%	19.7%	18.1%	6.2%	2.3%	-53.9%	77.1%	24.6%	31.7%	-
Adj EPS ⓘ	0.7	-0.8	-0.5	0.2	1.2	1.2	-14.8	2	2.8	3.2	1.5
YoY Gr.	-	-216.7%	NA	NA	485%	0%	-1363.3%	NA	36.8%	14%	-
BVPS (₹) ⓘ	45.7	44.9	44.7	44.9	46.2	47.4	32.6	33.9	42.4	45.6	51
Adj Net Profit ⓘ	1	-1.1	-0.7	0.3	1.6	1.6	-19.6	2.7	5.9	6.7	4
Cash Flow from Ops. ⓘ	5	5.3	3.4	-1	1.9	3.8	0.5	9.5	-24.1	10.1	-
Debt/CF from Ops. ⓘ	5.4	4.6	7.8	-37.1	21.7	11.7	126.9	6.4	-2.2	5.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.6%	6.5%	42.7%	31.7%
Adj EPS ⓘ	17.9%	22.1%	NA	14%
BVPSⓘ	-0%	-0.3%	11.9%	7.5%
Share Price	18.1%	56.6%	70.9%	-26.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	1.6	-1.8	-1.2	0.4	2.6	2.5	-37	6.1	8.8	7.1	3.1
Op. Profit Mgn % ⓘ	6.3	6	6.4	7	6.5	7.3	-36.2	6.6	13.5	10.7	8
Net Profit Mgn % ⓘ	1	-1.7	-0.9	0.3	1.5	1.5	-41.2	3.2	5.6	4.8	2.5
Debt to Equity ⓘ	0.5	0.4	0.5	0.6	0.7	0.7	1.3	1.3	0.6	0.6	0.1
Working Cap Days ⓘ	293	376	308	344	366	377	743	327	342	344	170
Cash Conv. Cycle ⓘ	158	219	171	177	213	246	558	249	222	205	80

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 42.69%

Debt to equity has declined versus last 3 years average to 0.56

Sales growth is good in last 4 quarters at 25.67%

Return on Equity has declined versus last 3 years average to 3.10%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Hilton Metal Forging Ltd.

	Standalone	Consolidated
TTM EPS (₹)	1.5	-
TTM Sales (₹ Cr.)	153	-
BVPS (₹.) ⓘ	51	-
Reserves (₹ Cr.) ⓘ	106	-
P/BV ⓘ	1.91	-
PE ⓘ	65.48	-

From the Market
52 Week Low / High (₹)	76.02 / 164.10
All Time Low / High (₹)	5.37 / 173.90
Market Cap (₹ Cr.)	253
Equity (₹ Cr.)	26
Face Value (₹)	10
Industry PE ⓘ	37.5

Management X-Ray of Hilton Metal Forging:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

6.88

5.96

* Pledged shares as % of Promoter's holding (%)

Valuation of Hilton Metal Forging

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Hilton Metal Forging

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	92	67	80	95	101	103	48	84	105	138
Operating Expenses ⓘ	86	64	75	88	94	96	65	79	91	123
Manufacturing Costs	13	10	9	7	6	6	4	4	5	5
Material Costs	60	41	53	67	74	71	53	68	79	111
Employee Cost	6	6	7	7	7	7	4	3	3	3
Other Costs ⓘ	8	7	7	7	7	12	5	4	4	4
Operating Profit ⓘ	6	3	5	7	7	7	-17	6	14	15
Operating Profit Margin (%)	6.3%	5.0%	6.4%	6.9%	6.5%	7.3%	-36.2%	6.6%	13.5%	10.7%
Other Income ⓘ	0	0	1	0	1	0	0	0	1	2
Interest ⓘ	2	2	3	3	3	3	4	4	5	6
Depreciation ⓘ	2	3	3	3	3	3	3	3	2	2
Exceptional Items ⓘ	0	0	0	0	0	0	0	-1	0	0
Profit Before Tax ⓘ	2	-1	0	1	1	2	-23	-2	7	8
Tax ⓘ	1	0	0	1	0	0	-4	-4	1	1
Profit After Tax	1	-2	0	0	2	2	-20	2	6	7
PAT Margin (%)	1.0%	-2.4%	-0.5%	0.3%	1.5%	1.5%	-41.2%	2.1%	5.6%	4.8%
Adjusted EPS (₹)	0.7	-1.2	-0.3	0.2	1.2	1.2	-14.8	1.3	2.8	3.2
Dividend Payout Ratio (%)	34%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	61	60	59	59	61	63	43	45	89	96
Share Capital ⓘ	12	12	12	12	12	12	12	12	21	21
Reserves ⓘ	49	47	47	47	49	50	31	32	68	75
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	27	24	26	35	42	44	54	57	50	51
Long Term Debt	1	1	1	10	11	10	15	19	15	14
Short Term Debt	26	23	26	25	31	34	39	39	35	37
Trade Payables	17	15	20	38	17	24	3	2	21	21
Others Liabilities ⓘ	8	7	10	9	15	18	13	8	9	16
Total Liabilities ⓘ	114	106	115	142	135	149	113	113	169	185
Fixed Assets
Gross Block	47	47	54	58	57	57	59	59	60	60
Accumulated Depreciation	14	16	18	21	23	25	27	30	32	34
Net Fixed Assetsⓘ	33	31	36	37	34	32	32	30	28	26
CWIP ⓘ	7	7	0	0	0	0	0	8	15	21
Investmentsⓘ	0	0	0	0	1	1	1	0	0	0
Inventories	41	37	43	67	65	67	54	55	66	79
Trade Receivables	19	19	22	28	19	34	9	1	30	27
Cash Equivalents	1	1	1	1	1	2	1	1	1	1
Others Assetsⓘ	13	11	13	9	15	14	16	17	29	30
Total Assets ⓘ	114	106	115	142	135	149	113	113	169	185

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	5	5	3	-1	2	4	0	9	-24	10
PBT ⓘ	2	-1	0	1	1	2	-23	-1	7	8
Adjustment ⓘ	5	4	6	6	6	6	6	7	7	8
Changes in Working Capital ⓘ	-1	2	-3	-8	-5	-4	14	1	-37	-5
Tax Paid ⓘ	0	0	0	0	0	0	4	4	-1	-1
Cash Flow From Investing Activity ⓘ	-7	0	0	-3	0	0	-2	-9	33	-2
Capex	-7	0	0	-3	0	0	-2	-9	-6	-7
Net Investments	0	0	0	0	0	0	0	0	38	0
Others ⓘ	0	0	0	0	0	0	0	0	0	5
Cash Flow From Financing Activityⓘ	2	-5	-3	4	-2	-3	1	-1	-9	-8
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	7	1	0	5	3	-3	-1
Interest Paid ⓘ	-2	-2	-3	-3	-3	-3	-4	-4	-5	-6
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	4	-3	0	0	0	0	0	0	0	0
Net Cash Flow ⓘ	0	0	0	0	0	0	-1	0	0	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	1.54	-2.64	-0.73	0.46	2.57	2.5	-37	4.01	8.75	7.23
ROCE (%)	4.66	1.08	3.32	4.41	4.89	4.86	-18.84	1.64	10.03	9.71
Asset Turnover Ratio	0.81	0.61	0.77	0.75	0.73	0.73	0.36	0.75	0.74	0.78
PAT to CFO Conversion(x)	5	N/A	N/A	N/A	1	2	N/A	4.5	-4	1.43
Working Capital Days
Receivable Days	88	105	87	93	84	92	165	23	55	76
Inventory Days	156	210	170	208	239	233	464	236	211	192
Payable Days	119	144	121	159	135	106	95	13	53	69

Hilton Metal Forging Ltd Stock News

Hilton Metal Forging Ltd FAQs

What is the share price of Hilton Metal Forging?

Company share prices are keep on changing according to the market conditions. The closing price of Hilton Metal Forging on 20-Dec-2024 16:59 is ₹97.32.

What is the market cap of Hilton Metal Forging?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Hilton Metal Forging stood at ₹252.6.

What is the P/E ratio of Hilton Metal Forging?

The latest P/E ratio of Hilton Metal Forging as of 20-Dec-2024 16:59 is 65.48.

What is the P/B ratio of Hilton Metal Forging?

The latest P/B ratio of Hilton Metal Forging as of 20-Dec-2024 16:59 is 1.91.

What is the 52-week high and low of Hilton Metal Forging?

The 52-week high of Hilton Metal Forging is ₹164.1 and the 52-week low is ₹76.02.

What is the TTM revenue of Hilton Metal Forging?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hilton Metal Forging is ₹153.4 ( Cr.) .

About Hilton Metal Forging Ltd

Hilton Metal Forging Ltd (HMFL) is one of the technology leaders in the forging industry providing the highest quality products and services for a one stop solution to cater to all forging needs. With an enviable reputation for quality products they are fully equipped to carry their reputation as ' Forging Leader'. The company was founded in 1997 and its promoter is Yuvraj Malhotra.

The company stand among the elite along with their engineers and application experts and since their inception they have undergone continuous development and their commitment is reflected by their meticulous application of monitoring procedures which ensures complete material traceability during the production cycle. All their products and processes are certified and their quality is second to none and they are proud of it. At HMFL, the combination of inventory, product knowledge and value added services combine to provide their clients with an HMFL solution.

Product range of the company includes:

Stainless Steel Forged Flanges
Forged Fittings
LAP - Joint Stub-Ends (Seamless)
Christmas Tree Components

Milestones:

1997- The company was founded in 17th September 1997 having a vision to enter into export of Stainless Steel Forged Flanges and Stub Ends to USA and European countries. The company was successful to get the first full order in the month of October 1997 and the same was executed in the month of December 1997. The company started with its export business with a turnover of Rs. 8.26 lacs in 1997
1998 - Since the cutting and drilling of Stainless Steel were bottle neck, the company decided to take 200 Sq.mtr. Shed of rend basis and has installed one cutting machine along with three drilling machines for cutting and drilling of flanges. Started Export Business with a turnover of Rs. 8.26 Lacs
1999 - Started manufacturing activity at a very small scale with addition of couple of Lathes and have achieved turnover of Rs.251.57 Lacs
2000 -Created own manufacturing base at WADA by investing Rs.85 Lacs and achieved turnover of Rs. 255.93 Lacs . Beside certificate for Quality Excellence received from their major customer.
2001 -Expanded manufacturing base further by additional investment and achieved turnover of Rs. 378.62 Lacs
2002 - Received ISO 9002 certification for manufacture and sale of closed die Forgings, flanges and fittings in various stainless steels grades, alloy steel and carbon steels. Beside the company also fulfilled the requirement of AD 2000 Merkblatt W 0 and got right to issue test certificates 3.1 B according to EN 10204. Also achieved turnover of Rs. 685.50 Lacs. Successful in getting approval from Ministry of Defence.
2003 -Obtained Canadian Registration and Pressure Equipment Directive (PED) Certificate. Also increased the installed capacity by adding balancing equipment for post forging operation and achieved turnover of Rs. 1359.53 Lacs . The company was awarded with the certificate by the ministry of commerce as Government Recoginsed Export House.
2004 -The Product of the company has been well accepted in global market and large order bookings have been opened from European market. Considering the global demand for the company's product, the company has invested Rs. 450.00 Lacs towards major expansion by installing 16 MT Hammer which is available presently with only 3 giant forging units in India. Thereby install capacity has increased to 10,000 tons per annum. Also achieved trunover of Rs. 2185.19 Lacs
2005 -The company has got additional feather in the cap while getting clear on Anti Dumping duty in Us Market. The company was greatly successful to get a marginal Anti dumping duty of 0.89% on the export of stainless steel forged flanges to US market. The company was also conferred with an Export Excellence Certificate for the year 2003-2004. To commence the commercial production on 16 ton Hammer from September 2004 and by utilizing the capacity achieved a turnover of Rs. 3421.29 Lacs
2006 -After having 9 years experience in the field of export of forged components to various manufacturers, distributors in USA, UK, European and Middle East countries, the company has decided to go for big expansion in forging equipments while putting up forging presses, Ring Rolling to capture the market of Oil and Gas industries. The company started manufacturing the forged valve bodies and valve components for Oil and Gas, Petro Chemical Refineries.
The company has approached American Petroleum Institute for API Monogram. The company has installed a complete Heat Treatment Plant, Die shop and inhouse laboratory facilities to inspect the chemical, physical and all kinds of testing. The company is now in the process of raising IPO and have achieved Sales Turnover to Rs. 4850.00 Lacs
2007- The IPO for raising the fund for the expansion program to increase the capacity to double fold was completed successfully. The company's security got listed on Bombay Stock Exchange and national Stock Exchange. As a part of the expansion program, 3ton Drop Forging Hammer, CNC Machines, HMC Machines, cutting machines were installed and made operative during the year. The company also obtained API monogram from American Petroleum Institute and Certificate of Registration from PDO Oman as registered material vendor for its products.Achieved turn over of Rs. 5611.16 LACS during the year
2008 -The company got its name registered Under Trade Mark Act, 1999. The company obtained a confirmation from SASOL, South Africa for inclusion as SASOL approved Manufacturers List for Pipes, Fitting and Flanges. The company also obtained Approval from UDHE INDIA and from Directorate of steam Boiler, Government of Maharasthra as approved 'Manufacturer Of Forged Items As Per Indian Boiler Regulation 1950. The turnover achieved during the year is Rs. 7716.74 Lacs.
2009 -The company received Gold Trophy as 'TOP EXPORTER' FROM EEPC. The forging press, Pneumatic Hammer, VMC and HMC machines were made operative during the year. The production capacity of the company increased to 16000 MT per year. The company has got Engineers India Limited approval. The company acheived turn over of Rs. 7307.85 lacs.

Achievements/ recognition: