Tirupati Forge Ltd
Incorporated in 2012, co manufactures mass quantity Carbon Steel Forged Flanges, Forged componets and other automotive components[1]
- Market Cap ₹ 454 Cr.
- Current Price ₹ 38.4
- High / Low ₹ 72.9 / 14.0
- Stock P/E 57.8
- Book Value ₹ 9.05
- Dividend Yield 0.00 %
- ROCE 12.4 %
- ROE 10.0 %
- 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7 | 30 | 18 | 16 | 21 | 42 | 28 | 31 | 88 | 92 | 110 | 115 | |
6 | 28 | 16 | 14 | 18 | 35 | 25 | 28 | 78 | 77 | 97 | 100 | |
Operating Profit | 1 | 3 | 2 | 2 | 3 | 7 | 2 | 3 | 11 | 15 | 13 | 15 |
OPM % | 9% | 9% | 9% | 12% | 15% | 17% | 9% | 9% | 12% | 16% | 12% | 13% |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | |
Interest | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 2 |
Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 4 |
Profit before tax | 0 | 1 | 0 | 1 | 2 | 6 | 0 | 1 | 8 | 13 | 9 | 11 |
Tax % | 26% | 32% | 30% | 28% | 28% | 27% | 27% | 26% | 25% | 26% | 25% | |
-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 | 0.66 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 33% |
3 Years: | 9% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 27% |
5 Years: | 95% |
3 Years: | 8% |
TTM: | 21% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 64% |
3 Years: | 52% |
1 Year: | 126% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 15% |
3 Years: | 15% |
Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.79 | 0.79 | 0.79 | 0.79 | 6 | 6 | 10 | 11 | 20 | 20 | 21 | 24 |
Reserves | 1 | 1 | 1 | 2 | 5 | 9 | 8 | 10 | 7 | 17 | 29 | 83 |
7 | 6 | 5 | 4 | 0 | 5 | 5 | 8 | 11 | 10 | 13 | 26 | |
1 | 6 | 2 | 3 | 2 | 3 | 3 | 5 | 15 | 5 | 11 | 13 | |
Total Liabilities | 10 | 14 | 10 | 10 | 13 | 22 | 25 | 34 | 52 | 51 | 74 | 146 |
5 | 5 | 5 | 5 | 4 | 10 | 13 | 14 | 14 | 15 | 19 | 37 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 18 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
5 | 9 | 5 | 6 | 8 | 12 | 12 | 20 | 38 | 36 | 47 | 90 | |
Total Assets | 10 | 14 | 10 | 10 | 13 | 22 | 25 | 34 | 52 | 51 | 74 | 146 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0 | 3 | 3 | 2 | -1 | 2 | 3 | -3 | 1 | 5 | 10 | 6 | |
-5 | -1 | -1 | -1 | -1 | -7 | -5 | -3 | -3 | -3 | -15 | -38 | |
6 | -2 | -2 | -2 | 2 | 4 | 2 | 5 | 2 | -2 | 9 | 61 | |
Net Cash Flow | 0 | -0 | 0 | -0 | 0 | -0 | 1 | -1 | 1 | -1 | 4 | 29 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 56 | 37 | 25 | 44 | 49 | 45 | 36 | 52 | 66 | 64 | 53 | 55 |
Inventory Days | 150 | 68 | 80 | 104 | 123 | 70 | 134 | 229 | 147 | 143 | 162 | 127 |
Days Payable | 103 | 92 | 44 | 107 | 32 | 23 | 56 | 92 | 99 | 30 | 60 | 54 |
Cash Conversion Cycle | 103 | 12 | 62 | 41 | 140 | 93 | 115 | 189 | 114 | 178 | 155 | 127 |
Working Capital Days | 159 | 34 | 28 | 38 | 102 | 77 | 87 | 149 | 84 | 117 | 101 | 136 |
ROCE % | 9% | 21% | 12% | 16% | 27% | 41% | 4% | 4% | 28% | 32% | 18% | 12% |
Documents
Announcements
-
Other Restructuring-XBRL
20 May 2025 - Tirupati Forge Limited has informed regarding Other Restructuring
-
Alteration Of Capital and Fund Raising-XBRL
20 May 2025 - Tirupati Forge Limited has informed regarding Allotment of Securities
-
Disclosure of material issue
20 May 2025 - Allotment of 10 lakh equity shares to promoter at Rs.32 each via warrant conversion; committee reconstitution.
-
Outcome of Board Meeting
20 May 2025 - Allotment of 10 lakh shares at Rs.32 to promoter; reconstitution of key company committees.
-
Press Release
17 May 2025 - Tirupati Forge commissions 4.8 MW solar plant, saving ₹25M annually, boosting sustainability and efficiency.
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]