Tirupati Forge
Castings, Forgings & Fastners
TIRUPATIFL NSE
₹67.50 +0.61 (+0.91%)
- P/E
- 140.63
Close 4 Nov 2026 ₹67.50 +29.70 +78.6% 1Y
Start ₹37.80
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 7.53%
- Debt to Equity
- 0.32
- EPS (TTM)
- ₹0.48
- Book Value
- ₹10.89
- Market Cap
- —
- P/E (TTM)
- 140.63
- P/B
- 6.20
- ROE
- 5.24%
- Dividend Yield
- 0.15%
- EBITDA
- ₹19.30 Cr
- 52W High
- ₹83.90
- 52W Low
- ₹30.11
- Day Range
- ₹65.15 – ₹69.49
- Volume
- 2,14,521
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
43 Weak
Data confidence 100/100
surveillance:ESM1
Category scores
- Quality
- 47
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 16
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 86
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 54
- Average
- Solvency, leverage, coverage 9% weight
- Momentum
- 80
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 46
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- 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
Weaknesses
4- Stock is trading at 6.39 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%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 7 | 7 | 5 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Neutral | 5 | 0 | 5 |
Oscillators
Bearish
Bearish
2
Neutral
7
Bullish
0
Overall
Bearish
Bearish
7
Neutral
7
Bullish
5
Moving Averages
Neutral
Bearish
5
Neutral
0
Bullish
5
Key readings
- RSI (14)
- 46.08
- Neutral
- MACD (12,26,9)
- −1.16
- Bearish
- SMA (50)
- 70.15
- Bearish
- SMA (200)
- 54.09
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +24.57% |
|---|---|
| 5Y | +39.20% |
| 3Y | +20.76% |
| 1Y | +40.87% |
| TTM | +42.34% |
Net profit
| 10Y | Zero base |
|---|---|
| 5Y | Zero base |
| 3Y | −12.64% |
| 1Y | −25.00% |
| TTM | −8.41% |
Operating cash flow
| 10Y | +18.22% |
|---|---|
| 5Y | Turned positive |
| 3Y | +47.36% |
| 1Y | +166.67% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −1.23 pp |
|---|---|
| 5Y | +0.20 pp |
| 3Y | −6.42 pp |
| 1Y | −3.16 pp |
| TTM | −2.18 pp |
Revenue by year
| Mar 2017 | ₹16.00 Cr |
|---|---|
| Mar 2018 | ₹21.00 Cr |
| Mar 2019 | ₹42.00 Cr |
| Mar 2020 | ₹28.00 Cr |
| Mar 2021 | ₹31.00 Cr |
| Mar 2022 | ₹88.00 Cr |
| Mar 2023 | ₹92.00 Cr |
| Mar 2024 | ₹110 Cr |
| Mar 2025 | ₹115 Cr |
| Mar 2026 | ₹162 Cr |
Net profit by year
| Mar 2017 | ₹0.00 Cr |
|---|---|
| Mar 2018 | ₹2.00 Cr |
| Mar 2019 | ₹4.00 Cr |
| Mar 2020 | ₹0.00 Cr |
| Mar 2021 | ₹0.00 Cr |
| Mar 2022 | ₹6.00 Cr |
| Mar 2023 | ₹9.00 Cr |
| Mar 2024 | ₹7.00 Cr |
| Mar 2025 | ₹8.00 Cr |
| Mar 2026 | ₹6.00 Cr |
Quarterly Results
₹ Cr| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 20.88 | 23.65 | 32.36 | 33.11 | 29.06 | 32.28 | 26.14 | 27.5 | 32.3 | 39.67 | 48.6 | 41.91 | 38.1 |
| Expenses | 18.48 | 20.72 | 28.39 | 29.62 | 24.38 | 27.45 | 23.55 | 24.4 | 28.62 | 36.44 | 43.51 | 38.05 | 33.73 |
| Operating Profit | 2.4 | 2.93 | 3.97 | 3.49 | 4.68 | 4.83 | 2.59 | 3.1 | 3.68 | 3.23 | 5.09 | 3.86 | 4.37 |
| OPM % | 11.49% | 12.39% | 12.27% | 10.54% | 16.1% | 14.96% | 9.91% | 11.27% | 11.39% | 8.14% | 10.47% | 9.21% | 11.47% |
| Other Income | 0.11 | 0.25 | 0.14 | 0.42 | 0.19 | 0.3 | 0.4 | 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 | 0.8 | 0.95 |
| Depreciation | 0.7 | 0.86 | 0.91 | 0.97 | 1.03 | 1.02 | 0.94 | 1.39 | 1.67 | 1.8 | 2.14 | 2.12 | 2.09 |
| PBT | 1.54 | 2.06 | 2.79 | 2.55 | 3.46 | 3.6 | 1.75 | 1.7 | 1.9 | 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% |
| Net Profit | 1.14 | 1.53 | 2.05 | 1.92 | 2.6 | 2.64 | 1.31 | 1.3 | 1.41 | 1.34 | 2.02 | 1.52 | 1.22 |
| EPS (₹) | 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 |
Profit & Loss
₹ Cr| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 30 | 18 | 16 | 21 | 42 | 28 | 31 | 88 | 92 | 110 | 115 | 162 | 168 |
| Expenses | 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% |
| Other Income | 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 |
| PBT | 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% | — |
| Net Profit | 1 | 0 | 0 | 2 | 4 | 0 | 0 | 6 | 9 | 7 | 8 | 6 | 6 |
| EPS (₹) | 0.2 | 0.05 | 0.14 | 0.19 | 0.51 | 0.03 | 0.04 | 0.63 | 0.96 | 0.64 | 0.66 | 0.5 | 0.48 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | 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 |
| Borrowings | 6 | 5 | 4 | 0 | 5 | 5 | 8 | 11 | 10 | 13 | 26 | 42 |
| Other Liabilities | 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 |
| Fixed Assets | 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 |
| Other Assets | 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 Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 3 | 3 | 2 | −1 | 2 | 3 | −3 | 1 | 5 | 10 | 6 | 16 |
| Investing | −1 | −1 | −1 | −1 | −7 | −5 | −3 | −3 | −3 | −15 | −38 | −75 |
| Financing | −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 | 100 | 173 | 128 | −18 | 49 | 177 | −110 | 23 | 58 | 97 | 57 | 112 |
Ratios
| Particulars | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Tirupati Forge insights
58 extracted metrics across FY15–FY27.
Documents
- 7 Sep 2026
- 24 Aug 2026
- 13 Aug 2026
- 10 Jul 2026
- 6 Jul 2026
- Certificate under sebi (depositories and participa 6 Oct 2026
Frequently Asked Questions about Tirupati Forge
What does Tirupati Forge Ltd do?
Incorporated in 2012, co manufactures mass quantity Carbon Steel Forged Flanges, Forged componets and other automotive components
Where is Tirupati Forge Ltd (TIRUPATIFL) listed?
Tirupati Forge Ltd trades as TIRUPATIFL on the NSE.
Which sector does Tirupati Forge Ltd belong to?
Tirupati Forge Ltd is classified under the Castings, Forgings & Fastners sector, in the Castings & Forgings industry.
What is the PE ratio of Tirupati Forge Ltd?
Tirupati Forge Ltd trades at a PE ratio of 140.63 as of 4 Nov 2026, on earnings per share of ₹0.48, against a book value of ₹10.89 per share.
What is the 52-week high and low of Tirupati Forge Ltd?
Over the last 52 weeks Tirupati Forge Ltd has traded between ₹30.11 and ₹83.9 as of 4 Nov 2026.
Does Tirupati Forge Ltd pay dividends?
Tirupati Forge Ltd has a dividend yield of 0.15%.
What is the Return on Equity (ROE) of Tirupati Forge Ltd?
Tirupati Forge Ltd reported a return on equity of 5.24%. Its debt-to-equity ratio is 0.32.
Company Information
Incorporated in 2012, co manufactures mass quantity Carbon Steel Forged Flanges, Forged componets and other automotive components
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