The wider picture
Hilton Metal Forging Limited specializes in forging and machined parts used in various critical sectors. The company has now made headlines by securing a substantial defence order, marking a significant milestone in its operational journey.
On March 27, 2026, Hilton Metal Forging announced it will supply 360,000 pieces of 155mm M107 Empty Bomb Artillery Shells. The order, valued at ₹720 crore, is set to be executed over a period of 24 months, with a commitment to deliver 15,000 pieces each month.
The order was placed by a local entity, whose identity remains undisclosed due to confidentiality agreements. However, it has been confirmed that there are no promoters or controlling interests in the receiving entity, ensuring transparency in the transaction.
Following the announcement, Hilton Metal Forging’s shares surged, hitting an upper circuit of ₹20.79 per share, a 20% increase from the previous closing price of ₹17.35. This jump reflects investor confidence in the company’s growth trajectory and its expanding role in the defence sector.
Hilton Metal Forging has demonstrated robust financial performance, with revenue from operations rising from ₹40.29 crores to ₹69.84 crores, a remarkable 73% increase. Additionally, net profit soared from ₹0.45 crores to ₹1.42 crores, marking a 215% growth.
The company has not only solidified its position in the Indian market but has also expanded its reach to international customers, showcasing its expertise in manufacturing iron and steel forging for critical applications.
As part of the contract, the order is contingent upon the approval of a prototype/sample batch of 10 pieces, with payment of advances following this approval. Observers are keenly watching how Hilton Metal Forging will navigate this new venture and what it means for the company’s future in the defence industry.
With the defence order in hand, Hilton Metal Forging is poised for a transformative phase, potentially reshaping its market landscape and enhancing its operational capabilities.
