Is Tirupati Forge Ltd (TIRUPATIFL) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tirupati Forge Ltd is a average quality company .

Is Tirupati Forge Ltd (TIRUPATIFL) undervalued or overvalued?

The key valuation ratios of Tirupati Forge Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Tirupati Forge Ltd (TIRUPATIFL) share price return in the past 10 years?

Data is not available for this company

Is Tirupati Forge Ltd (TIRUPATIFL) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Tirupati Forge Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Tirupati Forge Ltd (TIRUPATIFL)?

Company share prices are keep on changing according to the market conditions. The current trading price of Tirupati Forge Ltd (TIRUPATIFL) on 01-Jan-1970 05:30:00 at 05:30 is .

What is the P/E ratio of Tirupati Forge?

The latest standalone P/E ratio of Tirupati Forge as of 01-Jan-1970 is 93.71.

What is the P/B ratio of Tirupati Forge Ltd (TIRUPATIFL)?

The latest standalone P/B ratio of Tirupati Forge Ltd (TIRUPATIFL) as of 01-Jan-1970 is 4.88.

What is the 52-week high and low of Tirupati Forge Ltd (TIRUPATIFL)?

The 52-week high of Tirupati Forge Ltd (TIRUPATIFL) is Rs. 0.00 and the 52-week low is Rs. 0.00.

Tirupati Forge Ltd (TIRUPATIFL) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Tirupati Forge Ltd (TIRUPATIFL)
Brand: Tirupati Forge

Tirupati Forge Ltd (TIRUPATIFL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 0 NSE: TIRUPATIFL | Forgings | Small Cap

Key Metrics

Market Cap

₹569 Cr.

P/E Ratio

93.71

Price to Book (P/B)

4.88

Price to Sales (P/S)

3.84

EV/EBITDA

31.71

Return on Capital Employed (ROCE)

13.10%

Current Price

₹0

Return on Equity (ROE)

10.65%

Return on Assets (ROA)

7.14%

Operating Profit Margin

13.2%

Net Profit Margin

6.83%

Gross Profit Margin

13%

Book Value per Share

₹9

Sales Growth (YoY)

4.53%

Sales Growth (3 Years)

9.22%

Operating Profit Growth (1 Year)

19.09%

Operating Profit Growth (3 Years)

12.85%

Net Profit Growth (1 Year)

18.37%

52-Week Low / High

₹0 / 0

Net Profit Growth (3 Years)

8.07%

Dividend Yield

0.00%

Promoter Holding

49.01%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Stock return of Tirupati Forge Ltd over the last decade?

Over the last 5 year(s), the stock has delivered a CAGR of 11.99% based on the current price.

Q.1 Revenue growth of Tirupati Forge Ltd?

Tirupati Forge Ltd revenue growth is 4.5% for FY-2025, which is below its 5-year CAGR of 33.02%, indicating slower growth.

Q.1 Which industry/sub-sector does Tirupati Forge Ltd belong to?

Tirupati Forge Ltd belongs to the Automobiles sector, operating specifically within the Forgings segment.

Q.1 Promoter shareholding and pledge status of Tirupati Forge Ltd?

Promoters hold 49.01% of the Tirupati Forge Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Tirupati Forge Ltd vs industry peers?

Tirupati Forge Ltd revenue CAGR is 33.02%, compared to the industry median CAGR of 14.05%, indicating faster growth and gaining its market share.

DeciZen - make an informed investing decision on Tirupati Forge

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation ⓘ

3. Price Trend

Tirupati Forge stock performance

Key Ratios

Is Tirupati Forge Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	12.2%	16.4%	26.7%	41.3%	4.2%	3.6%	28.4%	33.4%	19.3%	13.1%	-
Value Creation Index ⓘ	-0.1	0.2	0.9	2.0	-0.7	-0.7	1.0	1.4	0.4	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	18	16.1	20.8	41.8	27.6	30.8	88.2	92	110	115	148
Sales YoY Gr.	-	-10.4%	29.1%	101.3%	-34%	11.5%	186.8%	4.3%	19.5%	4.5%	-
Adj EPS ⓘ	0.1	0.5	0.2	0.5	0	0	0.6	0.8	0.6	0.6	0.5
YoY Gr.	-	462.5%	-57.8%	168.4%	-94.1%	0%	1766.7%	48.2%	-30.1%	5.2%	-
BVPS (₹) ⓘ	2	2.4	1.3	1.8	2	2.1	2.7	3.7	4.8	8.3	9
Adj Net Profit ⓘ	0.1	0.5	1.6	4.2	0.3	0.3	5.5	8.2	6	7.2	6
Cash Flow from Ops. ⓘ	2.6	2.2	-0.9	2.2	3.3	-3	1.2	4.5	10.3	5.9	-
Debt/CF from Ops. ⓘ	2	2	-0.4	2.2	1.2	-2.5	8.1	2	1.1	3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	22.9%	33%	9.2%	4.5%
Adj EPS ⓘ	25.3%	82.7%	2.9%	5.2%
BVPSⓘ	17.1%	33.1%	44.5%	71.7%
Share Price	-	11%	66.7%	48.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	4.1	20.5	23.6	33.3	1.7	1.5	23.1	25.9	14	9.2	5.4
Op. Profit Mgn % ⓘ	9.3	11.7	15.1	16.9	8.5	8.7	12	15.9	11.6	13.2	10.2
Net Profit Mgn % ⓘ	0.5	3.1	7.4	10	1	1	6.2	8.9	5.5	6.3	4.1
Debt to Equity ⓘ	2.4	1.7	0	0.3	0.2	0.4	0.4	0.3	0.2	0.2	-
Working Cap Days ⓘ	126	102	114	87	157	186	117	144	130	159	124
Cash Conv. Cycle ⓘ	34	36	60	59	94	101	63	94	96	93	89

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	0.5	-
TTM Sales (₹ Cr.)	148	-
BVPS (₹) ⓘ	9	-
Reserves (₹ Cr.) ⓘ	91	-
P/BV ⓘ	4.88	-
PE ⓘ	93.71	-

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	569
Equity (₹ Cr.)	25.8
Face Value (₹)	2
Industry PE ⓘ	63.1

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Tirupati Forge - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	18	16	21	42	28	31	88	92	110	115
Operating Expenses ⓘ +	16	14	18	35	25	28	78	77	97	100
Manufacturing Costs	3	3	4	6	6	7	14	14	17	17
Material Costs	11	9	11	25	16	17	50	52	68	66
Employee Cost	1	1	1	1	2	2	4	4	5	6
Other Costs ⓘ	2	1	2	2	2	2	10	7	8	10
Operating Profit ⓘ	2	2	3	7	2	3	11	15	13	15
Operating Profit Margin (%)	9.3%	11.7%	15.1%	16.9%	8.5%	8.7%	12.0%	15.9%	11.6%	13.2%
Other Income ⓘ +	0	0	0	0	0	0	1	2	1	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	1	0	0	0	1	0	1	1	1	2
Depreciation ⓘ	1	1	1	1	2	2	2	3	3	4
Profit Before Tax ⓘ	0	1	2	6	0	1	8	13	9	11
Tax ⓘ	0	0	1	2	0	0	2	3	2	3
Profit After Tax	0	0	2	4	0	0	6	9	7	8
PAT Margin (%)	0.9%	3.1%	7.4%	10.0%	1.0%	1.3%	7.1%	10.3%	6.0%	6.8%
Adjusted EPS (₹)	0.1	0.1	0.2	0.5	0.0	0.0	0.6	1.0	0.6	0.7
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	3.20%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	2	3	10	15	18	21	27	36	50	98
Share Capital ⓘ	1	1	6	6	10	11	20	20	21	24
Reserves ⓘ	1	2	5	9	8	10	7	17	29	74
Debt +	5	4	0	4	4	7	9	8	9	16
Long Term Debt	4	3	0	2	3	3	3	2	2	9
Short Term Debt	1	1	0	2	1	4	6	6	7	6
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	1	3	1	2	2	4	10	3	8	10
Others Liabilities ⓘ	1	1	1	2	2	2	6	3	7	23
Total Liabilities ⓘ	10	10	13	22	25	34	52	51	74	146
Fixed Assets
Net Fixed Assets ⓘ +	5	5	4	10	13	14	14	15	19	37
Gross Block	5	8	8	15	20	23	25	26	33	55
Accumulated Depreciation	0	3	4	5	7	9	11	11	14	18
CWIP ⓘ	0	0	0	0	0	0	0	0	8	18
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	2	3	4	5	6	11	15	16	22	23
Trade Receivables	1	2	3	5	3	4	16	16	16	17
Cash Equivalents	0	0	1	0	1	0	1	0	4	33
Others Assets ⓘ	1	1	1	2	3	5	6	3	5	17
Total Assets ⓘ	10	10	13	22	25	34	52	51	74	146

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	3	2	-1	2	3	-3	1	5	10	6
PBT ⓘ	0	1	2	6	0	1	8	13	9	11
Adjustment ⓘ	2	1	1	1	2	2	4	5	5	6
Changes in Working Capital ⓘ	1	0	-4	-4	2	-6	-10	-9	-1	-8
Tax Paid ⓘ	-0	-0	-0	-1	-1	-0	-1	-4	-2	-3
Cash Flow From Investing Activity ⓘ +	-1	-1	-1	-7	-5	-3	-3	-3	-15	-38
Capex	-1	-1	-1	-7	-5	-3	-3	-3	-15	-38
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	-0	0	0
Cash Flow From Financing Activity ⓘ +	-2	-2	2	4	2	5	2	-2	9	61
Net Proceeds from Shares ⓘ	0	0	6	0	4	2	0	0	0	0
Net Proceeds from Borrowing ⓘ	-1	-1	-2	2	-0	1	0	-2	1	7
Interest Paid ⓘ	-1	-1	-0	-0	-1	-0	-1	-1	-1	-2
Dividend Paid ⓘ	0	0	0	0	0	0	-0	0	0	0
Others ⓘ	-0	0	-2	2	-1	3	3	1	10	55
Net Cash Flow ⓘ	0	-0	0	-0	1	-1	1	-1	4	29

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	8.01	20.5	23.6	33.26	1.69	2.04	26.16	29.91	15.42	10.65
ROCE (%)	12.15	16.37	26.68	41.31	4.24	3.61	28.43	33.41	19.26	13.1
Asset Turnover Ratio	1.57	1.76	1.85	2.39	1.16	1.04	2.05	1.78	1.76	1.05
PAT to CFO Conversion(x)	N/A	N/A	-0.5	0.5	N/A	N/A	0.17	0.56	1.43	0.75
Working Capital Days
Receivable Days	42.30	33.70	41	34.70	52.50	42.30	42.20	64	53.20	52.40
Inventory Days	60	53.70	55.40	37.10	69.50	96.50	53.40	61.80	63.50	72.10
Payable Days	107.20	78.60	62.50	18.40	46.20	71.50	52.50	48	30.80	49.80

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Announcements

Tirupati Forge Ltd FAQs

The current trading price of Tirupati Forge on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Tirupati Forge stood at ₹568.8 Cr

The latest P/E ratio of Tirupati Forge as of 31-Dec-1969 is 93.71.

The latest P/B ratio of Tirupati Forge as of 31-Dec-1969 is 4.88.

The 52-week high of Tirupati Forge is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tirupati Forge is ₹148 ( Cr.) .

About Tirupati Forge Ltd

Tirupati Forge was incorporated under the provisions of Companies Act, 1956 as ‘Tirupati Forge Private Limited’ in Gujarat vide Certificate of Incorporation issued by Registrar of Companies, Gujarat on August 17, 2012. Consequently, it was converted into a public limited company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the Company held on July 31, 2017 and the name of the Company was changed to ‘Tirupati Forge Limited’ and a fresh certificate of incorporation consequent upon Conversion of Private Company to Public Limited dated August 11, 2017 was issued by Registrar of Companies, Gujarat, Ahmedabad.

The company was incorporated in the year 2012 with focus to manufacturing mass quantity Carbon Steel Forged Flanges, Forged components and other automotive components. It gets itself equipped with the most modern CNC Machine Shop and full proof infrastructure required for the meticulous machining centre to be supported by quality assurance dept. Its forged flanges and forged components largely shipped to USA, European and African Countries. The company is equipped with the most modern forge shop and machining facilities available under one roof adhering to stringent quality control measure. The entire system is backed by proper documentation, traceability until the end product, with full proof checks required as per ISO regulations.

Business area of the company

The company is engaged in manufacturing of closed die forged products such as auto components, bearings, gears, and forged flanges made of mild steel, carbon steel, and stainless steel. The company has equipped forge shop with all supporting facilities such as in-house die shop, ring rolling machines, a CNC machine shop, CNC drilling machines, stamping machines, and an automated paint line.

Products of the company

Flanges

Slip-On
Weld-Neck
Blind
Lap-Joint
Threaded
Socket Weld

Forged Pipe Fittings

Forged Auto Parts

Forged Gears

Seamless Rolled Rings

Hammer Union

History and milestones

2012: Incorporation of Company.
2013: Received Certificate from TUV Nord for Management System in accordance with ISO 9001:2008.
2016: Received Certificate from TUV Nord for Management System in accordance with PED AD 2000.
2016: Received Status of One Star Export House.
2017: Received Award for Export Excellence from EEPC India, Western Region for Steel Forging.
2017: Initial Public Offer & Listing at NSE Emerge Platform in October 2017.
2022: Company has made tie-up for supply Fittings components with one of leading USA Customer.
2025: Foray into defense sector and green energy investment.
2025: Tirupati Forge successfully commissioned its 4.8 MW solar power plant.

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Tirupati Forge Ltd (TIRUPATIFL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating