Hilton Metal Forging Ltd
Incorporated in 2005, Hilton Metal Forging
Ltd manufactures iron and steel forging[1]
- Market Cap ₹ 266 Cr.
- Current Price ₹ 127
- High / Low ₹ 174 / 96.8
- Stock P/E 30.8
- Book Value ₹ 46.1
- Dividend Yield 0.00 %
- ROCE 10.0 %
- ROE 8.75 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 85.1% CAGR over last 5 years
Cons
- Stock is trading at 2.66 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 2.03% over past five years.
- Promoter holding is low: 27.7%
- Company has a low return on equity of -6.47% over last 3 years.
- Debtor days have increased from 61.2 to 105 days.
- Promoter holding has decreased over last 3 years: -22.7%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Castings, Forgings & Fastners Industry: Castings & Forgings
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
96 | 157 | 130 | 92 | 67 | 80 | 95 | 101 | 103 | 48 | 84 | 105 | 135 | |
87 | 147 | 122 | 86 | 64 | 75 | 88 | 94 | 96 | 65 | 79 | 91 | 118 | |
Operating Profit | 8 | 10 | 8 | 6 | 3 | 6 | 7 | 7 | 7 | -17 | 6 | 14 | 17 |
OPM % | 9% | 7% | 6% | 6% | 5% | 7% | 7% | 6% | 7% | -36% | 7% | 14% | 12% |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | -1 | 1 | 1 | |
Interest | 4 | 4 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 5 | 5 |
Depreciation | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 |
Profit before tax | 3 | 5 | 4 | 2 | -1 | -0 | 1 | 1 | 2 | -24 | -2 | 7 | 10 |
Tax % | 43% | 32% | 28% | 42% | -16% | -95% | 70% | -5% | 9% | 17% | 170% | 17% | |
2 | 3 | 3 | 1 | -2 | -0 | 0 | 2 | 2 | -20 | 2 | 6 | 9 | |
EPS in Rs | 0.94 | 1.83 | 1.75 | 0.53 | -0.91 | -0.25 | 0.16 | 0.89 | 0.89 | -11.25 | 1.01 | 2.79 | 4.11 |
Dividend Payout % | 19% | 16% | 20% | 33% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -4% |
5 Years: | 2% |
3 Years: | 1% |
TTM: | 26% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 85% |
3 Years: | 56% |
TTM: | 27% |
Stock Price CAGR | |
---|---|
10 Years: | 24% |
5 Years: | 50% |
3 Years: | 125% |
1 Year: | -18% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | -3% |
3 Years: | -6% |
Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 21 | 21 |
Reserves | 44 | 46 | 48 | 49 | 47 | 47 | 47 | 49 | 50 | 31 | 32 | 68 | 76 |
24 | 19 | 23 | 27 | 24 | 26 | 35 | 42 | 45 | 57 | 60 | 53 | 51 | |
27 | 32 | 29 | 25 | 22 | 30 | 47 | 31 | 42 | 13 | 9 | 27 | 38 | |
Total Liabilities | 107 | 110 | 113 | 114 | 106 | 115 | 142 | 135 | 149 | 113 | 114 | 169 | 185 |
38 | 36 | 35 | 33 | 31 | 36 | 37 | 35 | 33 | 33 | 31 | 29 | 28 | |
CWIP | 0 | 0 | 0 | 7 | 7 | 0 | 0 | 0 | 0 | 0 | 8 | 15 | 15 |
Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
68 | 73 | 79 | 74 | 68 | 79 | 105 | 99 | 116 | 80 | 75 | 126 | 143 | |
Total Assets | 107 | 110 | 113 | 114 | 106 | 115 | 142 | 135 | 149 | 113 | 114 | 169 | 185 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7 | 10 | -2 | 5 | 5 | 3 | -1 | 2 | 4 | 0 | 9 | -24 | |
-1 | 0 | -0 | -7 | -0 | -0 | -3 | 0 | 0 | -2 | -9 | 33 | |
-7 | -9 | 2 | 2 | -5 | -3 | 4 | -2 | -3 | 1 | -1 | -9 | |
Net Cash Flow | -0 | 1 | -1 | 0 | 0 | 0 | -0 | -0 | 0 | -1 | 0 | -0 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 52 | 48 | 70 | 77 | 103 | 98 | 106 | 67 | 119 | 72 | 6 | 105 |
Inventory Days | 236 | 103 | 146 | 249 | 329 | 296 | 364 | 317 | 346 | 374 | 293 | 306 |
Days Payable | 115 | 76 | 83 | 105 | 133 | 140 | 208 | 81 | 126 | 20 | 11 | 97 |
Cash Conversion Cycle | 173 | 75 | 133 | 221 | 300 | 254 | 262 | 303 | 338 | 426 | 288 | 314 |
Working Capital Days | 158 | 95 | 142 | 202 | 266 | 237 | 234 | 251 | 263 | 473 | 243 | 315 |
ROCE % | 8% | 11% | 8% | 5% | 1% | 3% | 4% | 5% | 5% | -19% | 3% | 10% |
Documents
Announcements
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Compliance Certificate For The Year Ended 31St March, 2024
19 Apr - Compliance Certificate under Reg. 7(3) of LODR Regulations for the year ended 31st March, 2024
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Certificate Under Regulation 40(9) For The Year Ended 31St March 2024
17 Apr - Compliance Certificate under Reg. 40(9) of LODR Regulations, 2015 for the year ended 31st March, 2024
-
Company Reply On Clarification On Price Movement
6 Apr - Pending information or announcement required to be disclosed under Reg. 30 of LODR Regulations and the increase or decrease in share price of the Company …
-
Clarification sought from Hilton Metal Forging Ltd
6 Apr - Exchange has sought clarification from Hilton Metal Forging Ltd on April 5, 2024 with reference to significant movement in price, in order to ensure that …
- Closure of Trading Window 27 Mar
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
HMFL is in the business of manufacturing stainless-steel forging flanges allied pipe fitting items, Butt Weld Fittings, Railway Wheels, Gear Blanks, Forged Crankshafts for Automotive sector and Annealed Nickel Alloy and rings and Valve Body bonnet, stainless steel forged flanges forged fittings and lap-joint stub-ends (seamless) which find application in the oil and gas sector, petro chemical and refineries, marine and shipbuilding, paper, pulp, pumps and valves industry and agricultural sectors