Tirupati Forge Ltd

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Tirupati Forge Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Tirupati Forge Ltd

₹ 70.1 -0.37%
16 Oct - close price
tirupatiforge.com NSE: TIRUPATIFL
About

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

Key Points

Product Offerings:[1]
The company offers closed-die forged products, including auto components, bearings, gears, and forged flanges made from mild steel, carbon steel, and stainless steel, under its brand Tirupati, for applications in the automotive, aerospace, construction, marine, power, etc.

Website NSE - BE
  • Market Cap ₹ 912 Cr.
  • Current Price ₹ 70.1
  • High / Low ₹ 83.9 / 30.1
  • Stock P/E 149
  • Book Value ₹ 10.5
  • Dividend Yield 0.00 %
  • ROCE 7.53 %
  • ROE 5.24 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company's median sales growth is 15.5% of last 10 years
  • Company's working capital requirements have reduced from 78.3 days to 59.7 days

Cons

  • Stock is trading at 6.66 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.51% over last 3 years.
  • Promoter holding has decreased over last 3 years: -8.27%

* 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

Industrials Capital Goods Industrial Products Castings & Forgings

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Quarterly Results

Figures in Rs. Crores

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
20.88 23.65 32.36 33.11 29.06 32.28 26.14 27.50 32.30 39.67 48.60 41.91 38.10
18.48 20.72 28.39 29.62 24.38 27.45 23.55 24.40 28.62 36.44 43.51 38.05 33.73
Operating Profit 2.40 2.93 3.97 3.49 4.68 4.83 2.59 3.10 3.68 3.23 5.09 3.86 4.37
OPM % 11.49% 12.39% 12.27% 10.54% 16.10% 14.96% 9.91% 11.27% 11.39% 8.14% 10.47% 9.21% 11.47%
0.11 0.25 0.14 0.42 0.19 0.30 0.40 0.43 0.62 1.06 0.66 1.13 0.33
Interest 0.27 0.26 0.41 0.39 0.38 0.51 0.31 0.44 0.73 0.65 0.87 0.80 0.95
Depreciation 0.70 0.86 0.91 0.97 1.03 1.02 0.94 1.39 1.67 1.80 2.14 2.12 2.09
Profit before tax 1.54 2.06 2.79 2.55 3.46 3.60 1.74 1.70 1.90 1.84 2.74 2.07 1.66
Tax % 25.97% 25.73% 26.16% 24.31% 24.86% 26.39% 25.29% 24.12% 25.79% 27.17% 26.28% 26.57% 26.51%
1.14 1.53 2.05 1.92 2.60 2.64 1.31 1.30 1.41 1.34 2.02 1.52 1.22
EPS in Rs 0.12 0.16 0.21 0.19 0.25 0.25 0.13 0.11 0.12 0.11 0.16 0.12 0.09
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
30 18 16 21 42 28 31 88 92 110 115 162 168
28 16 14 18 35 25 28 78 77 97 100 147 152
Operating Profit 3 2 2 3 7 2 3 11 15 13 15 16 17
OPM % 9% 9% 12% 15% 17% 9% 9% 12% 16% 12% 13% 10% 10%
0 0 0 0 0 0 0 1 2 1 1 3 3
Interest 1 1 0 0 0 1 0 1 1 1 2 3 3
Depreciation 1 1 1 1 1 2 2 2 3 3 4 8 8
Profit before tax 1 0 1 2 6 0 1 8 13 9 11 9 8
Tax % 26% 32% 30% 28% 28% 27% 27% 26% 25% 26% 25% 26%
1 0 0 2 4 0 0 6 9 7 8 6 6
EPS in Rs 0.20 0.05 0.14 0.19 0.51 0.03 0.04 0.63 0.96 0.64 0.66 0.50 0.48
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% 3% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 25%
5 Years: 39%
3 Years: 21%
TTM: 42%
Compounded Profit Growth
10 Years: 44%
5 Years: 76%
3 Years: -12%
TTM: -8%
Stock Price CAGR
10 Years: %
5 Years: 34%
3 Years: 85%
1 Year: 83%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 9%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.79 0.79 0.79 6 6 10 11 20 20 21 24 25
Reserves 1 1 2 5 9 8 10 7 17 29 83 108
6 5 4 0 5 5 8 11 10 13 26 42
6 2 3 2 3 3 5 15 5 11 13 29
Total Liabilities 14 10 10 13 22 25 34 52 51 74 146 204
5 5 5 4 10 13 14 14 15 19 37 57
CWIP 0 -0 -0 0 -0 -0 -0 -0 0 8 18 67
Investments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
9 5 6 8 12 12 20 38 36 47 90 80
Total Assets 14 10 10 13 22 25 34 52 51 74 146 204

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3 3 2 -1 2 3 -3 1 5 10 6 16
-1 -1 -1 -1 -7 -5 -3 -3 -3 -15 -38 -75
-2 -2 -2 2 4 2 5 2 -2 9 61 32
Net Cash Flow -0 0 -0 0 -0 1 -1 1 -1 4 29 -27
Free Cash Flow 2 2 2 -2 -5 -1 -6 -2 1 -4 -33 -60
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 100% 173% 128% -18% 49% 177% -110% 23% 58% 97% 57% 112%

Ratios

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 37 25 44 49 45 36 52 66 64 53 55 58
Inventory Days 68 80 104 123 70 134 229 147 143 162 159 135
Days Payable 92 44 107 32 23 56 92 99 30 60 68 107
Cash Conversion Cycle 12 62 41 140 93 115 189 114 178 155 145 86
Working Capital Days 34 6 8 97 61 73 95 56 86 69 106 60
ROCE % 21% 12% 16% 27% 41% 4% 4% 28% 32% 18% 12% 8%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2025 Mar 2026 Mar 2028 (P)
Forging Installed Capacity
TPA

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Export Revenue Share
%
Forging Capacity Utilization
%
Production Volume
MT
Defence Plant Capacity Utilization
%
Defence Plant Installed Capacity
units p.a.
Product Mix - Flanges
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
57.69% 57.69% 55.76% 55.76% 55.76% 48.88% 49.31% 48.10% 48.93% 49.01% 49.75% 49.42%
0.00% 0.00% 0.00% 0.03% 0.03% 0.02% 0.02% 0.02% 0.02% 0.78% 0.45% 0.43%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.15%
42.31% 42.31% 44.23% 44.21% 44.20% 51.10% 50.67% 51.88% 51.04% 50.21% 49.80% 49.99%
No. of Shareholders 42,47850,84164,86969,77669,70468,88966,42763,91562,74359,42257,51256,922

* 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.

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Documents

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