Tirupati Forge Ltd
Incorporated in 2012, co manufactures mass quantity Carbon Steel Forged Flanges, Forged componets and other automotive components[1]
- Market Cap ₹ 374 Cr.
- Current Price ₹ 31.6
- High / Low ₹ 72.9 / 14.0
- Stock P/E 44.2
- Book Value ₹ 5.32
- Dividend Yield 0.00 %
- ROCE 18.3 %
- ROE 15.0 %
- Face Value ₹ 2.00
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -9.90%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Castings, Forgings & Fastners Industry: Castings & Forgings
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 7 | 30 | 18 | 16 | 21 | 42 | 28 | 31 | 88 | 92 | 110 | 121 | |
0 | 6 | 28 | 16 | 14 | 18 | 35 | 25 | 28 | 78 | 77 | 97 | 105 | |
Operating Profit | 0 | 1 | 3 | 2 | 2 | 3 | 7 | 2 | 3 | 11 | 15 | 13 | 16 |
OPM % | 9% | 9% | 9% | 12% | 15% | 17% | 9% | 9% | 12% | 16% | 12% | 13% | |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | |
Interest | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 2 |
Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 4 |
Profit before tax | 0 | 0 | 1 | 0 | 1 | 2 | 6 | 0 | 1 | 8 | 13 | 9 | 11 |
Tax % | 26% | 32% | 30% | 28% | 28% | 27% | 27% | 26% | 25% | 26% | |||
0 | -0 | 1 | 0 | 0 | 2 | 4 | 0 | 0 | 6 | 9 | 7 | 8 | |
EPS in Rs | -0.01 | 0.62 | 0.15 | 0.44 | 0.19 | 0.51 | 0.03 | 0.04 | 0.63 | 0.96 | 0.64 | 0.82 | |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 32% |
5 Years: | 21% |
3 Years: | 53% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 91% |
5 Years: | 9% |
3 Years: | 160% |
TTM: | 23% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 58% |
3 Years: | 42% |
1 Year: | 68% |
Return on Equity | |
---|---|
10 Years: | 19% |
5 Years: | 17% |
3 Years: | 22% |
Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.01 | 0.79 | 0.79 | 0.79 | 0.79 | 6 | 6 | 10 | 11 | 20 | 20 | 21 | 21 |
Reserves | 0 | 1 | 1 | 1 | 2 | 5 | 9 | 8 | 10 | 7 | 17 | 29 | 34 |
1 | 7 | 6 | 5 | 4 | 0 | 5 | 5 | 8 | 11 | 10 | 13 | 16 | |
0 | 1 | 6 | 2 | 3 | 2 | 3 | 3 | 5 | 15 | 5 | 11 | 12 | |
Total Liabilities | 2 | 10 | 14 | 10 | 10 | 13 | 22 | 25 | 34 | 52 | 51 | 74 | 83 |
0 | 5 | 5 | 5 | 5 | 4 | 10 | 13 | 14 | 14 | 15 | 19 | 22 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 11 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
2 | 5 | 9 | 5 | 6 | 8 | 12 | 12 | 20 | 38 | 36 | 47 | 51 | |
Total Assets | 2 | 10 | 14 | 10 | 10 | 13 | 22 | 25 | 34 | 52 | 51 | 74 | 83 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1 | -0 | 3 | 3 | 2 | -1 | 2 | 3 | -3 | 1 | 5 | 10 | |
-0 | -5 | -1 | -1 | -1 | -1 | -7 | -5 | -3 | -3 | -3 | -15 | |
2 | 6 | -2 | -2 | -2 | 2 | 4 | 2 | 5 | 2 | -2 | 9 | |
Net Cash Flow | 0 | 0 | -0 | 0 | -0 | 0 | -0 | 1 | -1 | 1 | -1 | 4 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 56 | 37 | 25 | 44 | 49 | 45 | 36 | 52 | 66 | 64 | 53 | |
Inventory Days | 150 | 68 | 80 | 104 | 123 | 70 | 134 | 229 | 147 | 143 | 162 | |
Days Payable | 103 | 92 | 44 | 107 | 32 | 23 | 56 | 92 | 99 | 30 | 60 | |
Cash Conversion Cycle | 103 | 12 | 62 | 41 | 140 | 93 | 115 | 189 | 114 | 178 | 155 | |
Working Capital Days | 159 | 34 | 28 | 38 | 102 | 77 | 87 | 149 | 84 | 117 | 101 | |
ROCE % | 9% | 21% | 12% | 16% | 27% | 41% | 4% | 4% | 28% | 32% | 18% |
Documents
Announcements
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
30 April 2025 - TIRUPATI FORGE LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
-
Board Meeting Intimation
29 April 2025 - TIRUPATI FORGE LIMITED has informed about Board Meeting to be held on 13-May-2025 to inter-alia consider and approve the Audited Financial results of the Company …
-
Appointment
29 April 2025 - Reappointment of Anand Mohan Shrivastava as Independent Director for five years from Feb 14, 2025.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
3 April 2025 - Regulation 74(5) certificate for quarter ended 31 March 2025
-
Trading Window
25 March 2025 - Trading window closed from April 1 until 48 hours after Q4 and FY25 audited results
Product Offerings
The company offers closed-die forged products like auto components, bearings, gears, forged flanges of mild steel, carbon steel, stainless steel, etc under its brand Tirupati, for applications in the automotive, aerospace, construction, marine, power, and other industries. [1]
The company’s total revenue grew by 25% between FY22 and FY24, driven by increased sales volume and demand growth, following new approvals from large companies in India for the supply of forgings and machined components. [2] [3] [4]