During Tuesday’s trading session, the shares of a prominent manufacturer in the forging industry, specializing in railway products, moved up by nearly 2 percent, after securing a trial order for Wagon Wheel Set Assembly.
Price Movement
With a market cap of Rs. 155 crores, at 11:15 a.m., the shares of Hilton Metal Forging Limited were trading in the green at Rs. 71.98 on BSE, up by nearly 1 percent, as compared to its previous closing price of Rs. 71.42.
The stock has delivered negative returns of nearly 44 percent in the last six months, as well as around 24 percent returns in the last one month.
What’s the news
According to the latest regulatory filings with the stock exchanges, Hilton Metal Forging Limited announced securing a sample order of Wagon Wheel Set from Hindusthan Engineering & Industries Limited on a trial basis. The delivery of this order is scheduled for immediate dispatch.
Following the successful delivery and testing of the trial order for the wagon wheel set, Hilton Metal Forging expects to receive larger orders for wagon wheel sets. Currently, private-sector wagon manufacturers rely heavily on importing these wheel sets.
With an installed annual production capacity of 15,000 wheel sets, the company is well-positioned to meet the growing demand for wagon wheelsets once manufacturing begins, post-approval from RITES.
Also read: Stock hits 5% upper circuit after partnering with UGRO Capital for machinery & solar financing
Financials
Hilton Metal Forging reported a marginal decline in revenue from operations, experiencing a year-on-year fall of nearly 3.2 percent, from Rs. 42.06 crores in Q3 FY24 to Rs. 40.71 crores in Q3 FY25.
Similarly, its net profit decreased during the same period from Rs. 2.11 crores to Rs. 0.45 crores, representing a decline of nearly 78.7 percent YoY.
About the company
Established in 2005, Hilton Metal Forging Limited is primarily engaged in the business of manufacturing of iron and steel forging, presently catering to the needs of oil & gas, refineries and pharmaceutical industries.
Written by Shivani Singh
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