Hilton Metal Forging Limited (HILTON.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-4988.1%

-₹756.68

vs ₹15.48 price

Levered DCF

-₹608.84

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	18.54×	22.71×	29.71×	30.15×	17.94×	-0.5×	4.74×	13.53×
P/B	0.42×	1.31×	1.99×	1.98×	0.75×	0.22×	0.12×	0.34×
P/S	0.28×	0.93×	1.44×	1.69×	0.4×	0.21×	0.07×	0.21×
EV / EBITDA	8.26×	13.36×	16.54×	15.85×	22.18×	-3.93×	6.72×	8.48×
Gross margin	7.3%	10.7%	19.6%	24.4%	13.5%	-21.0%	22.7%	17.0%
Operating margin	3.9%	4.9%	9.1%	11.3%	3.6%	-41.8%	5.0%	4.8%
Net margin	1.5%	3.8%	4.8%	5.6%	2.1%	-41.4%	1.5%	1.6%
Current ratio	2.64×	1.78×	1.9×	1.88×	1.37×	1.47×	1.61×	1.72×
Debt / equity	0.33×	0.53×	0.54×	0.59×	1.34×	1.33×	0.71×	0.68×
Interest coverage	1.29×	1.13×	1.93×	2.21×	0.71×	-5.01×	1.48×	1.4×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.3%	5.3%	6.7%	6.6%	3.9%	-45.4%	2.5%	2.5%
Return on invested capital	4.2%	4.5%	6.9%	6.9%	-2.0%	-15.8%	4.1%	4.5%
Return on assets	1.5%	2.8%	3.6%	3.5%	1.5%	-17.3%	1.0%	1.2%
Free cash flow yield	-32.5%	-14.3%	1.7%	-17.1%	2.7%	-20.6%	50.1%	7.3%
Earnings yield	5.4%	4.1%	3.4%	3.3%	5.2%	-202.0%	21.1%	7.4%
Enterprise value	₹1.1B	₹2.1B	₹2.5B	₹2.3B	₹937M	₹669.4M	₹517.3M	₹627.9M
Net debt / EBITDA	3.32×	3.55×	3.48×	3.65×	14.2×	-3.36×	5.76×	5.65×
Cash conversion cycle (days)	189	227	261	314	271	399	322	285