General information about company
Scrip code	532847
NSE Symbol	HILTON
MSEI Symbol	NOTLISTED
ISIN*	INE788H01017
Name of company	HILTON METAL FORGING LIMITED
Type of company
Class of security	Equity
Date of start of financial year	01-04-2022
Date of end of financial year	31-03-2023
Date of board meeting when results were approved	02-05-2023
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	24-04-2023
Description of presentation currency	INR
Level of rounding used in financial results	Lakhs
Reporting Quarter	Yearly
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited	Audited
Segment Reporting	Single segment
Description of single segment	Manufacturing of Forging Components
Start date and time of board meeting	02-05-2023 14:30
End date and time of board meeting	02-05-2023 17:15
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results – Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-01-2023	01-04-2022
B	Date of end of reporting period	31-03-2023	31-03-2023
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	3066.48	10482.95
	Other income	24.21	56.35
	Total income	3090.69	10539.3
2	Expenses
(a)	Cost of materials consumed	2658.58	8785.87
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-350.64	-861.44
(d)	Employee benefit expense	64.33	298.49
(e)	Finance costs	143.74	535.85
(f)	Depreciation, depletion and amortisation expense	59.94	236.36
(f)	Other Expenses
1	Consumables Stores	53.27	123.9
2	Manufacturing Exp	120.66	416.74
3	Rent	5.86	16.45
4	Repairs to Machinery	12.08	24.96
5	Freight Forwarding Expenses	8.8	36.17
6	Consultancy Chgs	7.52	45.23
7	Packing Material	4.8	20.37
8	Administration Exp	3.85	156.89
10
	Total other expenses	216.84	840.71
	Total expenses	2792.79	9835.84

Financial Results – Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-01-2023	01-04-2022
B	Date of end of reporting period	31-03-2023	31-03-2023
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
3	Total profit before exceptional items and tax	297.9	703.46
4	Exceptional items	0	0
5	Total profit before tax	297.9	703.46
7	Tax expense
8	Current tax	0	0
9	Deferred tax	49.09	117.47
10	Total tax expenses	49.09	117.47
11	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
14	Net Profit Loss for the period from continuing operations	248.81	585.99
15	Profit (loss) from discontinued operations before tax	0	0
16	Tax expense of discontinued operations	0	0
17	Net profit (loss) from discontinued operation after tax	0	0
19	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
21	Total profit (loss) for period	248.81	585.99

Financial Results – Ind-AS
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-01-2023	01-04-2022
B	Date of end of reporting period	31-03-2023	31-03-2023
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss	0	0
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	0	0

Financial Results – Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-01-2023	01-04-2022
B	Date of end of reporting period	31-03-2023	31-03-2023
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
23	Total Comprehensive Income for the period	248.81	585.99
24	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
25	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	0	0
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
26	Details of equity share capital
	Paid-up equity share capital	2100	2100
	Face value of equity share capital	10	10
27	Details of debt securities
28	Reserves excluding revaluation reserve		6812.14
29	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.18	2.79
	Diluted earnings (loss) per share from continuing operations	1.18	2.79
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	1.18	2.79
	Diluted earnings (loss) per share from continuing and discontinued operations	1.18	2.79
30	Debt equity ratio	1.32	1.32
31	Debt service coverage ratio	0.29	0.29
32	Interest service coverage ratio	2.31	2.31
33	Disclosure of notes on financial results	Textual Information(1)

Text Block

Textual Information(1)

1. The above financials Results have been reviewed by the audit committee and approved by the Board of Directors in their meeting held on 02-05-2023 and have been subject to Limited Review by the Statutory Auditors. The Statutory Auditors have expressed an unmodified audit opinion with respect to the Audited Financial Results of the Company for the year ended March 31, 2023. 2. Finacial results of the company have been prepared in accordance with Indian Accounting Standards (Ind AS), prescribed Under Section 133 of the Companies Act. 2013 read with the Companies (Indian Accounting Standard) Rules, 2015 as amended and in terms of Regulation 33 of SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015. 3. The figures of quarter ended March 31, 2023 are the balancing figure between the audited figures in respect of the full financial year ended March 31, 2023 and reviewed year to date figures upto December 31, 2022 being the date of end of the third quarter of the current financial year. 4. The previous period figures have been regrouped/re-arranged wherever necessary to make them comparable with those of the Current period. 5. The company manufactures "forging Components" Like flanges and Forged Fittings and management reviews the performance of the company as a signle operating segmetn in accordance with Ind AS 108 "Operating Segments" notified pursuant to Companies (Accounting Standards) rule 2015, Accordingly no segment information / Segment has been furnished herewith. 6. The results will be available on the Company's website: www.hiltonmetal.com

Statement of Asset and Liabilities
Particulars		Current year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2022
Date of end of reporting period		31-03-2023
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	2768.91
	Capital work-in-progress	1452.8
	Investment property	87.27
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0.5
	Trade receivables, non-current	483.34
	Loans, non-current	0
	Other non-current financial assets	25.29
	Total non-current financial assets	509.13
	Deferred tax assets (net)	31.49
	Other non-current assets	0
	Total non-current assets	4849.6
2	Current assets
	Inventories	6644.59
	Current financial asset
	Current investments	0
	Trade receivables, current	3019.49
	Cash and cash equivalents	10.4
	Bank balance other than cash and cash equivalents	100.89
	Loans, current	0
	Other current financial assets	57.38
	Total current financial assets	3188.16
	Current tax assets (net)	0
	Other current assets	2240.5
	Total current assets	12073.25

Statement of Asset and Liabilities
Particulars		Current year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2022
Date of end of reporting period		31-03-2023
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	16922.85
	Equity and liabilities
	Equity
	Equity attributable to owners of parent
	Equity share capital	2100
	Other equity	6812.14
	Total equity attributable to owners of parent	8912.14
	Non controlling interest
	Total equity	8912.14
	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1517.09
	Trade payables, non-current	0
	Other non-current financial liabilities	0
	Total non-current financial liabilities	1517.09
	Provisions, non-current	85.47
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	1602.56
	Current liabilities
	Current financial liabilities
	Borrowings, current	3492.45
	Trade payables, current	2102.63
	Other current financial liabilities	278.12
	Total current financial liabilities	5873.2
	Other current liabilities	527.21
	Provisions, current	7.74
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	6408.15
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	8010.71
	Total equity and liabilites	16922.85
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block
Textual Information(1)	i) The cash flow statement has been prepared under the "Indirect Method" as set out in Ind AS 7 on 'Statement of Cash Flows'. ii) Margin money kept in fixed deposit and has been taken under cash and cash equivalent in the cash flow statement.

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-01-2023	01-04-2022
Date of end of reporting period		31-03-2023	31-03-2023
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets
	Net Segment Asset
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities
	Net Segment Liabilities
	Disclosure of notes on segments

Cash flow statement, indirect
Particulars		Year ended (dd-mm-yyyy)
A	Date of start of reporting period	01-04-2022
B	Date of end of reporting period	31-03-2023
C	Whether results are audited or unaudited	Audited
D	Nature of report standalone or consolidated	Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax	703.46
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs	535.85
	Adjustments for decrease (increase) in inventories	-1180.43
	Adjustments for decrease (increase) in trade receivables, current	-2888.61
	Adjustments for decrease (increase) in trade receivables, non-current	0
	Adjustments for decrease (increase) in other current assets	-1085.12
	Adjustments for decrease (increase) in other non-current assets	0
	Adjustments for other financial assets, non-current	0
	Adjustments for other financial assets, current	0
	Adjustments for other bank balances	0
	Adjustments for increase (decrease) in trade payables, current	1895.648
	Adjustments for increase (decrease) in trade payables, non-current	0
	Adjustments for increase (decrease) in other current liabilities	-384.49
	Adjustments for increase (decrease) in other non-current liabilities	-74.544
	Adjustments for depreciation and amortisation expense	236.36
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss	0
	Adjustments for provisions, current	-1.684
	Adjustments for provisions, non-current	0
	Adjustments for other financial liabilities, current	0
	Adjustments for other financial liabilities, non-current	0
	Adjustments for unrealised foreign exchange losses gains	0
	Adjustments for dividend income	0
	Adjustments for interest income	45.99
	Adjustments for share-based payments	0
	Adjustments for fair value losses (gains)	0
	Adjustments for undistributed profits of associates	0
	Other adjustments for which cash effects are investing or financing cash flow	0
	Other adjustments to reconcile profit (loss)	0
	Other adjustments for non-cash items	0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships	0
	Total adjustments for reconcile profit (loss)	-2993.01
	Net cash flows from (used in) operations	-2289.55
	Dividends received	0
	Interest paid	0
	Interest received	0
	Income taxes paid (refund)	117.474
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) operating activities	-2407.024
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses	0
	Cash flows used in obtaining control of subsidiaries or other businesses	0
	Other cash receipts from sales of equity or debt instruments of other entities	0
	Other cash payments to acquire equity or debt instruments of other entities	0
	Other cash receipts from sales of interests in joint ventures	0
	Other cash payments to acquire interests in joint ventures	0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships	0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships	0
	Proceeds from sales of property, plant and equipment	0
	Purchase of property, plant and equipment	615.939
	Proceeds from sales of investment property	0
	Purchase of investment property	0
	Proceeds from sales of intangible assets	0
	Purchase of intangible assets	0
	Proceeds from sales of intangible assets under development	0
	Purchase of intangible assets under development	0
	Proceeds from sales of goodwill	0
	Purchase of goodwill	0
	Proceeds from biological assets other than bearer plants	0
	Purchase of biological assets other than bearer plants	0
	Proceeds from government grants	0
	Proceeds from sales of other long-term assets	0
	Purchase of other long-term assets	0
	Cash advances and loans made to other parties	0
	Cash receipts from repayment of advances and loans made to other parties	0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts	0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts	0
	Dividends received	0
	Interest received	45.988
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	3838.476
	Net cash flows from (used in) investing activities	3268.525
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries	0
	Payments from changes in ownership interests in subsidiaries	0
	Proceeds from issuing shares	0
	Proceeds from issuing other equity instruments	0
	Payments to acquire or redeem entity's shares	0
	Payments of other equity instruments	0
	Proceeds from exercise of stock options	0
	Proceeds from issuing debentures notes bonds etc	0
	Proceeds from borrowings	0
	Repayments of borrowings	338.528
	Payments of finance lease liabilities	0
	Payments of lease liabilities	0
	Dividends paid	0
	Interest paid	535.855
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) financing activities	-874.383
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-12.882
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents	0
	Net increase (decrease) in cash and cash equivalents	-12.882
	Cash and cash equivalents cash flow statement at beginning of period	124.19
	Cash and cash equivalents cash flow statement at end of period	111.308