Tirupati Forge Ltd

Tirupati Forge Ltd

₹ 19.2 0.52%
24 Apr 11:04 a.m.
About

Incorporated in 2012, co manufactures mass quantity Carbon Steel Forged Flanges, Forged componets and other automotive components[1]

Key Points

Business Area[1] The Company is ISO 9001:2008 certified engaged in manufacturing of closed die forged products like auto components, bearings, gears, etc, and forged flanges of mild steel, carbon steel, stainless steel, etc. based out at Hadamtala Industrial Estate, Rajkot, Gujarat.

  • Market Cap 188 Cr.
  • Current Price 19.2
  • High / Low 21.8 / 6.75
  • Stock P/E 27.4
  • Book Value 3.97
  • Dividend Yield 0.00 %
  • ROCE 31.8 %
  • ROE 29.2 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 42.8% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -1.93%

* 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.

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
7.28 11.61 12.87 18.27 27.10 30.00 25.33 26.53 16.78 23.39 20.88 23.65 32.36
6.64 10.91 11.57 17.01 22.13 26.93 20.96 22.00 14.60 19.87 18.48 20.72 28.39
Operating Profit 0.64 0.70 1.30 1.26 4.97 3.07 4.37 4.53 2.18 3.52 2.40 2.93 3.97
OPM % 8.79% 6.03% 10.10% 6.90% 18.34% 10.23% 17.25% 17.08% 12.99% 15.05% 11.49% 12.39% 12.27%
0.05 0.05 0.18 0.21 0.13 0.55 0.70 0.54 0.24 0.33 0.11 0.25 0.14
Interest 0.16 0.06 0.15 0.23 0.28 0.22 0.30 0.19 0.36 0.22 0.27 0.26 0.41
Depreciation 0.50 0.49 0.49 0.60 0.72 0.62 0.64 0.63 0.65 0.78 0.70 0.86 0.91
Profit before tax 0.03 0.20 0.84 0.64 4.10 2.78 4.13 4.25 1.41 2.85 1.54 2.06 2.79
Tax % 0.00% 30.00% 26.19% 57.81% 24.88% 29.50% 25.18% 24.71% 27.66% 25.26% 25.97% 25.73% 26.16%
0.03 0.14 0.62 0.27 3.07 1.97 3.08 3.19 1.02 2.14 1.14 1.53 2.05
EPS in Rs 0.00 0.01 0.06 0.03 0.31 0.20 0.31 0.33 0.10 0.22 0.12 0.16 0.21
Raw PDF

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 TTM
0 7 30 18 16 21 42 28 31 88 92 100
0 6 28 16 14 18 35 25 28 78 77 87
Operating Profit 0 1 3 2 2 3 7 2 3 11 15 13
OPM % 9% 9% 9% 12% 15% 17% 9% 9% 12% 16% 13%
0 0 0 0 0 0 0 0 0 1 2 1
Interest 0 0 1 1 0 0 0 1 0 1 1 1
Depreciation 0 0 1 1 1 1 1 2 2 2 3 3
Profit before tax 0 0 1 0 1 2 6 0 1 8 13 9
Tax % 26% 32% 30% 28% 28% 27% 27% 26% 25%
0 -0 1 0 0 2 4 0 0 6 9 7
EPS in Rs -0.01 0.62 0.15 0.44 0.19 0.51 0.03 0.04 0.63 0.96 0.71
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 3% 0%
Compounded Sales Growth
10 Years: %
5 Years: 35%
3 Years: 49%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: 43%
3 Years: 220%
TTM: -26%
Stock Price CAGR
10 Years: %
5 Years: 40%
3 Years: 88%
1 Year: 94%
Return on Equity
10 Years: 20%
5 Years: 20%
3 Years: 21%
Last Year: 29%

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 Sep 2023
Equity Capital 0 1 1 1 1 6 6 10 11 20 20 20
Reserves 0 1 1 1 2 5 9 8 10 7 17 19
Preference Capital 0 0 0 0 0 0 0 1 0 0 0
1 7 6 5 4 0 5 4 8 11 10 12
0 1 6 2 3 2 3 4 5 15 5 8
Total Liabilities 2 10 14 10 10 13 22 25 34 52 51 58
0 5 5 5 5 4 10 13 14 14 15 18
CWIP 0 0 0 0 0 0 0 0 0 0 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0
2 5 9 5 6 8 12 12 20 38 36 40
Total Assets 2 10 14 10 10 13 22 25 34 52 51 58

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
-1 -0 3 3 2 -1 2 3 -3 1 4
-0 -5 -1 -1 -1 -1 -7 -5 -3 -3 -3
2 6 -2 -2 -2 2 4 2 5 2 -2
Net Cash Flow 0 0 -0 0 -0 0 -0 1 -1 1 -1

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
Debtor Days 56 37 25 44 49 45 36 52 66 64
Inventory Days 150 68 80 104 123 70 134 229 147 143
Days Payable 103 92 44 107 32 23 56 92 99 30
Cash Conversion Cycle 103 12 62 41 140 93 115 189 114 178
Working Capital Days 159 34 28 38 102 77 87 149 84 117
ROCE % 9% 21% 12% 16% 27% 41% 4% 4% 28% 32%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.52% 58.78% 58.78% 58.78% 57.59% 57.59% 57.59% 57.59% 57.59% 57.69% 57.69% 57.69%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.66% 0.00% 0.00% 0.00% 0.00% 0.00%
41.47% 41.22% 41.21% 41.21% 42.42% 42.41% 41.75% 42.41% 42.41% 42.31% 42.31% 42.31%
No. of Shareholders 4569698,7809,2859,2519,25216,39119,62923,72633,77442,47850,841

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents