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Tirupati Forge Ltd.

Tirupati Forge Ltd.

NNSE:TIRUPATIFL
64.68
INR
-1.32
(-2.00%)
0.48EPS
130.42P/E
8.28BMarket Cap
Tirupati Forge Ltd.
NSE:TIRUPATIFL
(National Stock Exchange of India)

Recent

price

64.68

P/E

ratio

130.42

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
- -
1.93
8.61
5.12
4.53
3.38
5.02
2.72
2.76
8.06
8.49
9.95
9.7
12.08
13.54
Revenue per Share
- -
- -
0.2
0.05
0.14
0.26
0.19
0.03
0.04
0.64
0.96
0.67
0.74
0.51
0.49
Basic EPS, GAAP
-0.19
-1.64
0.45
0.5
0.45
-0.28
-0.55
-0.16
-0.62
-0.2
0.05
-0.49
-4.09
-4.92
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.01
- -
- -
- -
- -
- -
Dividend per Share
0.06
0.16
0.25
0.27
0.32
1.29
1.81
2.05
2.12
2.74
3.7
4.81
9.05
10.53
- -
Book Value per Share
0.06
0.16
0.25
0.27
0.32
1.29
1.81
2.05
2.12
2.73
3.7
4.8
9.04
10.53
- -
Tangible Book Value per Share
81
35
35
35
35
61
81
90
97
98
98
99
106
123
124
Basic Weighted Avg Shares
- -
68
302
180
159
205
409
246
268
790
833
986
1,030
1,491
1,683
Sales/Revenue/Turnover
- -
5.05
5.5
3.76
6.25
11.08
14.76
2.2
2.68
10.34
14.27
12.64
10.53
5.46
4.99
Operating Margin (%)
- -
4
10
10
9
9
10
18
20
24
27
35
44
77
81
Depreciation Expense
- -
- -
7
2
5
15
15
3
4
62
94
66
79
63
61
Net Income, GAAP
- -
- -
26.22
31.69
30.48
27.49
28.43
26.07
27.61
25.49
25.33
25.66
25.31
26.41
26.58
Effective Tax Rate (%)
- -
-0.09
2.33
0.94
3.11
7.54
3.78
1.12
1.47
7.88
11.31
6.74
7.63
4.22
3.63
Profit Margin (%)
15
11
9
5
4
61
68
63
81
144
218
253
665
331
- -
Working Capital
12
51
43
35
25
1
24
26
30
42
23
36
166
294
- -
LT Debt
5
13
20
22
26
105
147
185
208
268
362
499
1,071
1,334
- -
Total Equity
- -
- -
8.34
2.14
7.06
17.73
27.75
1.85
2.11
18.17
21.2
17.03
8.21
3.87
- -
Return on Invested Capital (%)
- -
- -
15.39
7.62
11.13
18.72
11.28
2.78
2.21
20.16
23.79
13.5
9.04
5.41
- -
Return on Capital (%)
- -
-0.65
41.85
8.01
20.5
23.6
12.25
1.65
2
26.16
29.91
15.42
10.01
5.24
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
121
- -
LT Borrowings
- -
233
- -
LT Finance Leases
- -
61
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
124
127
129
Market Capitalization
4,218
5,126
8,277

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
733
- -
Cash, Cash Equivalents & STI
- -
65
- -
Accounts Receivable, Net
- -
260
- -
Inventories
- -
235
- -
Total Current Liabilities
- -
402
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
121
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
63.83%
48.22%
24.6%
Free Cash Flow
-21.65%
-83.1%
40.04%
Net Income, GAAP
- -
300.05%
-19.86%
Sales/Revenue/Turnover
35.39%
53.61%
44.71%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
291
323
261
275
1,030
2026
323
397
486
419
1,491
2027
381
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.25
0.26
0.13
0.11
0.74
2026
0.12
0.11
0.16
0.12
0.51
2027
0.1
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Tirupati Forge Limited Tirupati Forge Ltd is an India-based manufacturer of carbon steel forged flanges, forged components, and automotive parts, operating from its headquarters in Rajkot, Gujarat, where it was incorporated in 2012. The company produces a comprehensive range of products including slip-on, weld-neck, blind, lap-joint, threaded, and socket weld flanges; forged pipe fittings such as elbows, tees, crosses, couplings, half couplings, caps, plugs, bushings, unions, hexes, nipples, and swage nipples; automotive components like rings, crankshafts, connecting rods, yokes, levers, and forged bearings; gears; seamless rolled rings up to 500 millimeters in diameter and 50 kilograms in weight; and hammer unions for all pressure ratings, utilizing carbon, alloy, and stainless steels under the Tirupati brand. These offerings serve industries including automotive, aerospace, construction and mining, railway, marine, power, oil and gas, defense, heavy vehicles, earth moving, and general engineering, with approximately 90% of production exported to the United States, Europe, and Africa alongside domestic sales. Tirupati Forge maintains an installed forging capacity of 15,000 tons per annum, supported by modern CNC machining facilities and certifications including ISO 9001:2015, IATF 16949:2016, PED-AD 2000, and CRN, while pursuing backward integration for complex requirements and expansion into open die forged products. In recent developments, the company purchased 4,265.39 square meters of land from promoter Bhargavi Thumar for Rs 5.75 crore on October 6, 2025, to support growth; allotted 2 million equity shares to promoters at Rs 32 each on October 17, 2025, raising Rs 4.8 crore via warrant conversion; and reported net sales up 22.9% to Rs 39.67 crore for the quarter ended September 2025 despite a 49% profit decline to Rs 1.34 crore.