HILTON
Hilton Metal Forging financials
- Market cap
- ₹93 Cr
- Sector
- Capital Goods
What Hilton Metal Forging Limited does
Hilton Metal Forging Limited manufactures forged and precision-machined metal components — including crankshafts, shafts and other machined parts — supplied to automotive, petrochemical, construction-equipment and other industrial customers from its plant in Wada, Thane (Maharashtra). The company has recently diversified into a Wheel Set Manufacturing Division, producing forged wheels and wheel-set assemblies for railway and heavy-automotive applications, including Vande Bharat LHB wheels for which RITES approval has been received.
Segments
- Forging & Machining
- Wheel Set Manufacturing
- Manufacturing plants
- 1 (Village Ghonsai, Taluka Wada, Dist. Thane, Maharashtra)
- Business verticals
- 2 — Forging & Machining; Wheel Set Manufacturing
- Wheel Set Manufacturing Division
- New division producing forged wheels and wheel-set assemblies, incl. Vande Bharat LHB wheels (RITES approval received)
- End-markets served
- Railways, automotive, petrochemicals, construction equipment, oil & gas
Quarterly results
Q1 FY27: revenue up 167.4%, net profit up 1106.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 44 | 40 | 45 | 22 | 88 +100% | 70 +73% | 51 +13% | 59 +167% |
| EBITDA | 3 | 3 | 2 | 2 | 3 +28% | 3 +25% | 3 +11% | 4 +118% |
| Net profit | 1 | 0 | 5 | 0 | 2 +181% | 1 +216% | 0 −97% | 2 +1107% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −65.9% 1Y
1Y: ₹52.89 on 10 Sept 2025 → ₹18.06. High ₹54.81 (15 Sept 2025), low ₹14.38 (24 Mar 2026).
Financials, as filed
Revenue grew 29.2% a year over 2 years, FY24 to FY26. Operating margin narrowed to 4.9%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹138 Cr | ₹163 Cr | ₹230 Cr |
| Operating profit | ₹15 Cr | ₹10 Cr | ₹11 Cr |
| Operating margin | 10.7% | 6.3% | 4.9% |
| Interest | ₹6 Cr | ₹7 Cr | ₹7 Cr |
| Depreciation | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Net profit | ₹7 Cr | ₹6 Cr | ₹3 Cr |
| Net margin | 4.8% | 3.8% | 1.5% |
| Cash from operations | ₹10 Cr | ₹3 Cr | ₹-27 Cr |
| Free cash flow | ₹3 Cr | ₹2 Cr | ₹-28 Cr |
| ROCE | 10.0% | 8.0% | 6.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹12 Cr | ₹12 Cr | ₹21 Cr | ₹21 Cr | ₹23 Cr | ₹35 Cr |
| Reserves | ₹31 Cr | ₹32 Cr | ₹68 Cr | ₹79 Cr | ₹94 Cr | ₹116 Cr |
| Borrowings | ₹57 Cr | ₹60 Cr | ₹53 Cr | ₹54 Cr | ₹67 Cr | ₹50 Cr |
| Other liabilities | ₹13 Cr | ₹9 Cr | ₹27 Cr | ₹31 Cr | ₹50 Cr | ₹35 Cr |
| Total liabilities | ₹113 Cr | ₹114 Cr | ₹169 Cr | ₹185 Cr | ₹234 Cr | ₹236 Cr |
| Fixed assets | ₹33 Cr | ₹31 Cr | ₹29 Cr | ₹27 Cr | ₹29 Cr | ₹25 Cr |
| Capital work in progress | ₹0 Cr | ₹8 Cr | ₹15 Cr | ₹21 Cr | ₹22 Cr | ₹23 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹80 Cr | ₹75 Cr | ₹126 Cr | ₹137 Cr | ₹184 Cr | ₹188 Cr |
| Total assets | ₹113 Cr | ₹114 Cr | ₹169 Cr | ₹185 Cr | ₹234 Cr | ₹236 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +10.85 pp while the public trimmed −10.78 pp. The shareholder count grew 10% to 27,789.
- Promoters
- 18.6%
- FIIs
- 0.1%
- Public
- 81.4%
Since Jun 2025
- Promoters +10.85 pp
- Public −10.78 pp
- FIIs −0.07 pp
How it drifted, 12 quarters
Over this window the public went from 72.0% to 81.4% — +9.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 27.7%, FIIs 0.3%, Public 72.0%.Dec '23: Promoters 27.7%, FIIs 0.3%, Public 72.1%.Mar '24: Promoters 27.7%, FIIs 0.3%, Public 72.1%.Jun '24: Promoters 27.7%, Public 72.3%.Sep '24: Promoters 28.3%, FIIs 0.1%, Public 71.6%.Dec '24: Promoters 28.3%, FIIs 0.1%, Public 71.6%.Mar '25: Promoters 27.4%, FIIs 0.2%, Public 72.4%.Jun '25: Promoters 7.7%, FIIs 0.1%, Public 92.2%.Sep '25: Promoters 7.7%, FIIs 0.2%, Public 92.1%.Dec '25: Promoters 7.9%, FIIs 0.2%, Public 91.9%.Mar '26: Promoters 13.7%, FIIs 0.2%, Public 86.1%.Jun '26: Promoters 18.6%, FIIs 0.1%, Public 81.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Yuvraj Hiralal Malhotra +3.92 pp 16.28% held
- Puneet Jitendra Sejpal newly disclosed 2.41% held
- Anand Shankarrao Utture newly disclosed 1.93% held
- Alpana Anand Utture newly disclosed 1.29% held
- Diksha Yuvraj Malhotra +1.15 pp 1.84% held
- Utsah Engineering Private Limited +0.17 pp 1.24% held
The same filing shows 2 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Hilton Metal Forging Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Yuvraj Hiralal Malhotra | 16.28% | +3.92 pp |
| Puneet Jitendra Sejpal | 2.41% | newly disclosed |
| Anand Shankarrao Utture | 1.93% | newly disclosed |
| Diksha Yuvraj Malhotra | 1.84% | +1.15 pp |
| Vinit Lakhamshi Rita | 1.68% | unchanged |
| Alpana Anand Utture | 1.29% | newly disclosed |
| Utsah Engineering Private Limited | 1.24% | +0.17 pp |
| Vipul Hemant Shah | 1.01% | unchanged |
| Mohak Yuvraj Malhotra | 0.20% | −0.09 pp |
| Navraj Malhotra | 0.13% | −0.06 pp |
| Yashika Yuvraj Malhotra | 0.10% | unchanged |
| Seema Gujral | 0.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Hilton Metal Forging Limited
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