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	01-04-2023
Date of end of financial year	31-03-2024
Date of board meeting when results were approved	11-11-2023
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	01-11-2023
Description of presentation currency	INR
Level of rounding used in financial results	Lakhs
Reporting Quarter	Half yearly
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited	Unaudited
Segment Reporting	Single segment
Description of single segment	Manufacture of Forging Components
Start date and time of board meeting	11-11-2023 17:00
End date and time of board meeting	11-11-2023 19:00
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	Not applicable

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	01-07-2023	01-04-2023
B	Date of end of reporting period	30-09-2023	30-09-2023
C	Whether results are audited or unaudited	Unaudited	Unaudited
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	3481.274	6249.629
	Other income	68.339	78.475
	Total income	3549.613	6328.104
2	Expenses
(a)	Cost of materials consumed	3205.903	5645.535
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-431.046	-779.2
(d)	Employee benefit expense	67.058	123.904
(e)	Finance costs	115.924	240.739
(f)	Depreciation, depletion and amortisation expense	59.634	119.244
(f)	Other Expenses
1	Cosumables Stores	24.23	53.2
2	Manufacturing Expenses	120.68	256.51
3	Repairs to Machinery	2.67	10.38
4	Freight Forwarding Expenses	2.72	11.09
5	Packing Material	0.45	4.84
6	Exchange Difference	0	0.97
7	Miscellaneous Expenses	0	-0.04
8	Administrative Expenses	100.53	156.06
10
	Total other expenses	251.28	493.01
	Total expenses	3268.753	5843.232

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	01-07-2023	01-04-2023
B	Date of end of reporting period	30-09-2023	30-09-2023
C	Whether results are audited or unaudited	Unaudited	Unaudited
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	280.86	484.872
4	Exceptional items	0	0
5	Total profit before tax	280.86	484.872
7	Tax expense
8	Current tax	0	0
9	Deferred tax	47.977	82.154
10	Total tax expenses	47.977	82.154
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	232.883	402.718
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	232.883	402.718

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	01-07-2023	01-04-2023
B	Date of end of reporting period	30-09-2023	30-09-2023
C	Whether results are audited or unaudited	Unaudited	Unaudited
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	01-07-2023	01-04-2023
B	Date of end of reporting period	30-09-2023	30-09-2023
C	Whether results are audited or unaudited	Unaudited	Unaudited
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	232.883	402.718
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
29	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.109	1.92
	Diluted earnings (loss) per share from continuing operations	1.109	1.92
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	1.109	1.92
	Diluted earnings (loss) per share from continuing and discontinued operations	1.109	1.92
30	Debt equity ratio	2.05	2.05
31	Debt service coverage ratio	1.67	1.69
32	Interest service coverage ratio	2.45	2.74
33	Disclosure of notes on financial results	Textual Information(1)

Text Block

Textual Information(1)

1 The above Results have been reviewed by the audit committee, and approved by the Board of Directors in their meeting held on 11-11-2023. The Statutory Auditors have carried out Limited Review of the above financial results. 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 previous period figures have been regrouped/re-arranged wherever necessary to make them comparable with those of the Current period. 4 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. 5 The results will be available on the Company's website:www.hiltonmetal.com

Statement of Asset and Liabilities
Particulars		Half year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2023
Date of end of reporting period		30-09-2023
Whether results are audited or unaudited		Unaudited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	2666.652
	Capital work-in-progress	1471.271
	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	432.367
	Loans, non-current	0
	Other non-current financial assets	25.286
	Total non-current financial assets	458.153
	Deferred tax assets (net)	0
	Other non-current assets	0
	Total non-current assets	4683.346
2	Current assets
	Inventories	7514.0759441
	Current financial asset
	Current investments	0
	Trade receivables, current	4073.916
	Cash and cash equivalents	0.274
	Bank balance other than cash and cash equivalents	102.518
	Loans, current	0
	Other current financial assets	31.703
	Total current financial assets	4208.411
	Current tax assets (net)	0
	Other current assets	2128.926
	Total current assets	13851.4129441

Statement of Asset and Liabilities
Particulars		Half year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2023
Date of end of reporting period		30-09-2023
Whether results are audited or unaudited		Unaudited
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	18534.7589441
	Equity and liabilities
	Equity
	Equity attributable to owners of parent
	Equity share capital	2100
	Other equity	7585.8
	Total equity attributable to owners of parent	9685.8
	Non controlling interest
	Total equity	9685.8
	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1488.626
	Trade payables, non-current	0
	Other non-current financial liabilities	0
	Total non-current financial liabilities	1488.626
	Provisions, non-current	85.467
	Deferred tax liabilities (net)	50.662
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	1624.755
	Current liabilities
	Current financial liabilities
	Borrowings, current	3592.475
	Trade payables, current	2988.625
	Other current financial liabilities	193.29
	Total current financial liabilities	6774.39
	Other current liabilities	395.171
	Provisions, current	7.757
	Current tax liabilities (Net)	46.886
	Deferred government grants, Current	0
	Total current liabilities	7224.204
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	8848.959
	Total equity and liabilites	18534.759
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block
Textual Information(1)	25% of application money received against allotment of equity share warrants which are due for conversion into equity shares on or before 18 months from the date of their allotment amounting to Rs. 370.95 Lakhs is shown under the head-other equity.

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		01-07-2023	01-04-2023
Date of end of reporting period		30-09-2023	30-09-2023
Whether accounts are audited or unaudited		Unaudited	Unaudited
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		6 months ended (dd-mm-yyyy)
A	Date of start of reporting period	01-04-2023
B	Date of end of reporting period	30-09-2023
C	Whether results are audited or unaudited	Unaudited
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	484.872
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs	240.739
	Adjustments for decrease (increase) in inventories	-869.487
	Adjustments for decrease (increase) in trade receivables, current	-1003.45
	Adjustments for decrease (increase) in trade receivables, non-current	0
	Adjustments for decrease (increase) in other current assets	168.747
	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	885.996
	Adjustments for increase (decrease) in trade payables, non-current	0
	Adjustments for increase (decrease) in other current liabilities	100.026
	Adjustments for increase (decrease) in other non-current liabilities	0
	Adjustments for depreciation and amortisation expense	119.244
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss	0
	Adjustments for provisions, current	46.88
	Adjustments for provisions, non-current	0
	Adjustments for other financial liabilities, current	-166.212
	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	78.475
	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)	-555.992
	Net cash flows from (used in) operations	-71.12
	Dividends received	0
	Interest paid	0
	Interest received	0
	Income taxes paid (refund)	82.154
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) operating activities	-153.274
	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	35.454
	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	78.475
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) investing activities	43.021
	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	370.95
	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	28.461
	Payments of finance lease liabilities	0
	Payments of lease liabilities	0
	Dividends paid	0
	Interest paid	240.739
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) financing activities	101.75
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-8.503
	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	-8.503
	Cash and cash equivalents cash flow statement at beginning of period	111.297
	Cash and cash equivalents cash flow statement at end of period	102.794