Tirupati Forge Limited

NSE: TIRUPATIFL · Unclassified

₹66.04-3.08%06 Nov 2026

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Instant answers about Tirupati Forge Limited — computed from its filings, no language model

Market cap₹403 cr

Current price₹66.04

High / Low₹82 / ₹31

P/E45.4

P/B2.65

Book value₹25.0

ROE5.8%

ROCE7.7%

Debt / equity0.28

Dividend yield—

EPS (TTM)₹1.46

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	30.8	88.2	92.0	110.0	115.0	162.5
EBITDA	2.7	10.6	14.6	12.8	15.2	15.9
Operating margin	8.7%	12.0%	15.9%	11.6%	13.2%	9.8%
Interest	0.4	0.9	1.1	1.3	1.6	3.0
Depreciation	2.0	2.4	2.7	3.5	4.4	7.7
Profit before tax	0.5	8.3	12.6	8.9	10.5	8.6
Tax	0.1	2.1	3.2	2.3	2.7	2.3
Net profit	0.0	0.0	9.4	6.6	7.9	6.3
EPS ₹	0.36	0.64	0.96	0.67	0.74	1.02
Operating cash flow	—	1.2	4.5	10.3	5.8	16.1
Capex	—	3.2	3.9	13.0	31.0	76.8
Dividend paid	—	0.1	0.0	0.0	0.0	0.0
Total assets	—	—	51.3	74.3	145.9	203.8
Equity	—	—	36.2	49.9	107.1	133.4

Quarterly performance

last 25 quarters · ₹ crore

showing latest 8 of 25 periods

	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26*
Revenue	6.7	7.3	11.6	12.9	18.3	27.5	30.0	25.3	26.5	16.8	23.4	20.9	23.6	32.4	33.1	29.1	32.3	26.1	27.5	32.3	39.7	48.6	41.9	38.1	57.3
Operating profit	0.8	0.6	0.7	1.3	1.2	5.0	3.1	4.3	4.5	2.2	3.5	2.4	2.9	4.0	3.5	4.7	4.8	2.6	3.1	3.7	3.2	5.1	3.9	4.4	7.4
Operating margin	12.0%	8.8%	6.0%	10.0%	6.8%	18.0%	10.3%	17.2%	17.1%	12.9%	15.1%	11.5%	12.4%	12.3%	10.5%	16.1%	15.0%	9.9%	11.3%	11.4%	8.1%	10.5%	9.2%	11.5%	12.8%
Other income	0.1	0.1	0.1	0.2	0.2	0.1	0.6	0.7	0.5	0.2	0.3	0.1	0.2	0.1	0.4	0.2	0.3	0.4	0.4	0.6	1.1	0.7	1.1	0.3	0.8
Interest	0.1	0.2	0.1	0.1	0.2	0.3	0.2	0.3	0.2	0.4	0.2	0.3	0.3	0.4	0.4	0.4	0.5	0.3	0.4	0.7	0.7	0.9	0.8	0.9	0.5
Depreciation	0.5	0.5	0.5	0.5	0.6	0.7	0.6	0.6	0.6	0.7	0.8	0.7	0.9	0.9	1.0	1.0	1.0	0.9	1.4	1.7	1.8	2.1	2.1	2.1	2.3
Profit before tax	0.3	0.0	0.2	0.8	0.6	4.1	2.8	4.1	4.2	1.4	2.9	1.5	2.1	2.8	2.5	3.5	3.6	1.8	1.7	1.9	1.8	2.7	2.1	1.7	5.4
Tax	0.1	0.0	0.1	0.2	0.2	1.0	0.8	1.0	1.1	0.4	0.7	0.4	0.5	0.7	0.6	0.9	1.0	0.4	0.4	0.5	0.5	0.7	0.6	0.4	1.3
Net profit	0.0	0.0	0.0	0.0	0.0	0.0	0.0	3.1	3.2	1.0	2.1	1.1	1.5	2.0	1.9	2.6	2.6	1.3	1.3	1.4	1.3	2.0	1.5	1.2	4.1
EPS ₹	0.19	0.03	0.13	0.55	0.05	0.31	0.20	0.16	0.33	0.10	0.22	0.12	0.16	0.21	0.19	0.25	0.26	0.26	0.11	0.24	0.11	0.32	0.24	0.20	0.62
Revenue YoY	—	—	—	—	173.1%	277.7%	158.4%	96.9%	45.2%	-39.0%	-22.0%	-17.6%	-10.9%	92.8%	41.6%	39.2%	36.5%	-19.2%	-16.9%	11.1%	22.9%	85.9%	52.4%	18.0%	44.5%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	-63.0%	-52.0%	101.0%	-10.3%	128.1%	72.5%	-36.1%	-32.3%	-45.8%	-49.2%	54.2%	16.9%	-13.5%	207.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 22 periods

	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	19.0%	22.0%	26.0%	20.7%	15.0%	17.6%	13.3%	16.2%	16.7%	15.4%	7.3%	6.2%	4.5%	5.1%	4.7%	4.6%	5.8%
ROCE	—	—	—	—	—	40.3%	33.8%	30.2%	24.4%	18.3%	21.2%	16.8%	20.2%	21.2%	19.5%	9.7%	8.8%	6.8%	7.9%	6.9%	6.9%	7.7%
Net margin	0.0%	0.0%	0.0%	0.0%	3.0%	5.7%	7.4%	10.2%	8.6%	6.9%	6.8%	6.0%	6.9%	7.3%	7.0%	6.8%	5.6%	4.3%	4.1%	3.9%	3.6%	4.8%
EBITDA margin	8.9%	7.8%	11.7%	11.9%	13.5%	15.5%	14.3%	15.8%	14.4%	13.0%	12.8%	11.6%	12.8%	13.4%	12.9%	13.2%	12.0%	10.0%	10.2%	9.8%	9.8%	11.1%
Debt / equity	—	—	—	—	—	0.22	0.22	0.25	0.25	0.26	0.26	0.22	0.22	0.21	0.21	0.17	0.17	0.15	0.15	0.26	0.26	0.28
Interest coverage	3.61	3.82	8.99	10.48	12.29	16.39	12.73	12.80	10.66	8.08	8.97	7.72	8.54	8.34	8.14	7.41	5.50	4.38	4.04	3.80	3.54	4.81
Asset turnover	—	—	—	—	—	2.27	2.05	1.79	1.71	1.45	1.72	1.48	1.59	1.52	1.45	0.79	0.81	0.75	0.89	0.80	0.83	0.79

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	19.6	19.6	19.6	20.7	20.7	23.7	24.5	25.3	26.0
Other equity / reserves	13.5	16.6	19.3	29.2	34.4	83.4	95.0	108.1	126.2
Total equity	33.1	36.2	38.9	49.9	55.2	107.1	119.4	133.4	152.2
Borrowings	7.2	9.2	10.1	11.1	11.4	17.7	17.7	34.4	43.1
Current liabilities	11.4	12.7	17.3	20.8	22.7	22.3	30.2	40.2	52.1
Non-current liabilities	3.6	2.3	2.2	3.6	5.4	16.6	17.0	30.2	30.3
Total assets	48.1	51.3	58.4	74.3	83.3	145.9	166.7	203.8	234.6
Property, plant & equipment	14.8	14.3	15.8	17.1	17.3	28.7	47.4	50.5	97.7
Capital work-in-progress	0.1	0.2	1.1	7.7	11.0	18.4	16.2	66.6	43.0
Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Inventories	13.0	16.0	20.8	22.3	20.5	23.1	26.3	23.5	25.6
Receivables	13.1	16.2	12.6	15.9	20.1	17.2	21.6	26.0	31.8
Cash & equivalents	1.6	0.1	0.6	4.5	4.3	33.1	20.0	6.6	13.0

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	1.2	4.5	10.3	5.8	16.1
Cash from investing	-2.9	-3.3	-14.7	-38.0	-75.2
Cash from financing	2.4	-1.9	8.8	60.8	32.5
Capex	3.2	3.9	13.0	31.0	76.8
Free cash flow	-2.0	0.6	-2.7	-25.2	-60.7
Dividends paid	0.1	0.0	0.0	0.0	0.0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹97.7 cr42%

CWIP

₹43.0 cr18%

Inventories

₹25.6 cr11%

Receivables

₹31.8 cr14%

Cash & equivalents

₹13.0 cr6%

Other assets

₹23.5 cr10%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Tirupati Forge Limited	403	66.04	45.4	2.65	5.8%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-6.7%

6 months+53.8%

1 year+61.8%

3Y CAGR+81.7%

5Y CAGR+44.9%

10Y CAGR—

50-day avg₹69.99

200-day avg₹54.42

RSI (14)38

FAQs

What is the share price of Tirupati Forge Limited?

Tirupati Forge Limited (TIRUPATIFL) closed at ₹66.04 on NSE on 06 Nov 2026.

What is the market cap of Tirupati Forge Limited?

₹403 crore at the latest close.

What is the P/E ratio of Tirupati Forge Limited?

45.4, on trailing-twelve-month earnings from its filings.

How fast is Tirupati Forge Limited growing?

Tirupati Forge Limited: revenue has compounded at 20.9% a year over three years; net profit at -12.6% a year. Latest-quarter revenue is up 44.5% year on year, profit up 207.5%.

How profitable is Tirupati Forge Limited?

On a trailing-twelve-month basis return on equity is 5.8%, return on capital employed 7.7%, operating margin 11.1%, net margin 4.8%.

How much debt does Tirupati Forge Limited have?

Tirupati Forge Limited is lightly geared: debt to equity is 0.28 with borrowings of ₹43 cr against cash of ₹13 cr (balance sheet of 2026-09-30). Operating profit covers interest 4.8 times.

Financials parsed from Tirupati Forge Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from SEP '20, annual from FY21, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.