Board likely to announce stock split on May 30, 2024; FIIs increase stake recently, stock gains over 1,000 per cent!

The company's shares have delivered a multibagger return of over 330 per cent to their shareholders.

Incorporated in 2005, Hilton Metal Forging Limited manufactures iron and steel forgings.

Recent Update:

A meeting of the Board of Directors of the Company is scheduled to be held on Thursday, May 30, 2024, to transact the following business:

• To consider and approve Audited Financial Results for the quarter ended 31st March 2024 and Audited Financial Statements for the year ended on 31st March 2024.
• To consider and approve the Subdivision or stock split of equity shares of the Company subject to shareholders and regulatory approvals.
• To consider and approve an Increase in the authorized share capital of the company.
• To consider and approve the raising of funds.

Share Performance:

On Thursday, this micro-cap company’s stock opened at Rs 124.10 and closed at Rs 124.45 per share on the BSE, representing a gain of 0.28 per cent. The stock has delivered a multibagger return of around 1066 per cent in the past three years and 715 per cent over the past five years. The current market capitalisation of the company stands at Rs 261.35 crore.

Financial Performance:

As per Quarterly Results in Q3 FY24, Hilton Metal Forging reported revenues of Rs 41.74 crore, reflecting a growth of 43.73 per cent YoY compared to the same quarter in the previous year, when the revenue stood at Rs 29.04 crore. The company posted an operating profit of Rs 4.37 crore for the quarter, in contrast to an operating profit of Rs 3.37 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 2.11 crore, compared to a net profit of Rs 1.25 crore in the same period last year.

The company’s ROCE and ROE are 10 per cent and 8.75 per cent while the shares are trading at a PE of 30.8 times in the market. 

Investors must keep this multibagger stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.