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Tirupati Foam Ltd (540904)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540904 NSE: Textile | Small Cap | Tirupati Foam Share Price

₹84 -3.87 (-4.40%)

As on 04-Jun'26 16:59

Tirupati Foam Ltd (540904)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540904 NSE: Textile | Small Cap | Tirupati Foam Share Price

₹84 -3.87 (-4.40%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹37 Cr.
Current Price
₹84
52-Week Low / High
₹67 / 134
TTM EPS
₹4.4
TTM Sales
₹95 Cr.
Book Value per Share
₹77.1
P/E Ratio
19.24
In line with its 5-year historical median
Industry PE
36.6
Price to Book (P/B)
1.09
Lower than its 5-year historical median
Price to Sales (P/S)
0.39
In line with its 5-year historical median
EV/EBITDA
9.16
In line with its 5-year historical median
Dividend Yield
0.84%
Profitability Efficiency
Return on Equity (ROE)
6.76%
Outperforms industry median
Return on Capital Employed (ROCE)
10.11%
Outperforms industry median
Return on Assets (ROA)
2.47%
Operating Profit Margin
7.7%
Net Profit Margin
2.02%
Gross Profit Margin
4.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
1.96%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-9.11%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
1.9%
Asset Quality
Promoter Holding
71.72%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹30 Cr.
Equity
₹4.4 Cr.
Face Value
₹10
All Time Low / High
₹10.00 / 300.00

Tirupati Foam stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Tirupati Foam Ltd a good quality company?
Tirupati Foam Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Tirupati Foam Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Tirupati Foam Ltd vs industry peers?
Tirupati Foam Ltd revenue CAGR is 5.84%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Tirupati Foam Ltd?
Promoters hold 71.72% of the Tirupati Foam Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Tirupati Foam Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 11.3% based on the current price.

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)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tirupati Foam Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 13%12%12.9%13.3%12%8.4%9.3%10.3%10.6%10.1%-
Value Creation
Index
-0.1-0.2-0.1-0.1-0.1-0.4-0.3-0.3-0.2-0.3-

Growth Parameters

Sales 77.17296.910379.973.610310210410695
Sales YoY Gr.--6.7%34.6%6.5%-22.6%-7.9%39.6%-1%2.3%2%-
Adj EPS 3.63.14.66.252.54.24.44.84.64.4
YoY Gr.--12.3%46.3%34.5%-18.5%-50.8%68.4%5.5%8.4%-2.9%-
BVPS (₹) 42.446.248.852.455.958.462.66669.873.777.1
Adj Net
Profit
1.61.422.72.21.11.81.92.122
Cash Flow from Ops. 13.26.12.64.69.36.515.15.396.3-
Debt/CF from Ops. 2.55.614.39.458.12.98.44.26-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 3.6%5.8%1.1%2%
Adj EPS 2.9%-1.7%3.6%-2.9%
BVPS6.3%5.7%5.6%5.6%
Share Price 10.2% 4.7% 9.7% -31.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.57.19.612.29.34.36.96.876.45.8
Op. Profit
Mgn %
11.810.58.99.511.710.58.89.28.77.87.8
Net Profit
Mgn %
21.92.12.62.81.51.81.921.92
Debt to
Equity
1.71.71.71.91.92.11.61.51.21.20.3
Working Cap
Days
170178163161211250182170165170101
Cash Conv.
Cycle
11811110111014316111511311511324

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales77.1271.9796.89103.1579.8573.58102.68101.65103.99106.03
Operating Expenses + 68.0764.4188.3293.4670.4865.8793.6692.3694.9997.84
Manufacturing Costs5.544.844.665.616.466.336.506.957.749.68
Material Costs58.2156.1379.1181.7057.8756.3183.4681.3381.4481.98
Employee Cost 0.710.790.961.141.171.191.161.341.491.81
Other Costs 3.612.653.605.024.982.052.542.754.324.37
Operating Profit 9.057.558.569.709.377.719.029.2998.18
Operating Profit Margin (%) 11.7%10.5%8.8%9.4%11.7%10.5%8.8%9.1%8.7%7.7%
Other Income + 0.340.730.600.370.590.090.260.440.540.50
Exceptional Items 0000000000
Interest 4.803.874.014.605.124.714.454.824.774.19
Depreciation 2.291.951.901.781.671.542.302.262.011.67
Profit Before Tax 2.312.463.253.693.161.552.542.642.762.82
Tax 0.780.841.081.040.790.460.710.740.660.68
Profit After Tax 1.531.622.182.652.371.091.831.902.102.14
PAT Margin (%) 2.0%2.3%2.3%2.6%3.0%1.5%1.8%1.9%2.0%2.0%
Adjusted EPS (₹)3.53.74.96.05.42.54.14.34.84.9
Dividend Payout Ratio (%)57.50%54.30%40.50%25%0%0%24.10%23.20%21%20.60%

Valuation of Tirupati Foam - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 18.7320.4121.5223.1124.6725.7727.6129.1030.7832.49
Share Capital 4.444.444.444.444.444.444.444.444.444.44
Reserves 14.2915.9717.0818.6720.2321.3323.1824.6626.3428.05
Debt +29.7331.5733.8642.6545.1447.6939.9040.3834.8534.76
Long Term Debt13.5112.5912.7020.1921.6624.4523.7518.4612.7810.52
Short Term Debt16.2218.9721.1622.4723.4923.2516.1521.9222.0724.24
Minority Interest0000000000
Trade Payables6.8213.1010.428.7311.2913.1916.3710.3312.2114.38
Others Liabilities 4.424.013.821.904.318.327.057.517.426.11
Total Liabilities 59.7069.0969.6276.3985.4194.9790.9487.3385.2787.75

Fixed Assets

Net Fixed Assets +23.0822.0720.9030.2432.7336.3638.5137.3035.4133.96
Gross Block41.6942.4843.1354.1258.1563.3067.6568.6668.5268.71
Accumulated Depreciation18.6020.4222.2223.8825.4226.9529.1531.3633.1134.75
CWIP 00004.301.910000
Investments 00.540.010.010.010.010.010.010.010
Inventories7.5915.6017.2814.9015.5022.2123.3223.8027.6429.84
Trade Receivables26.7724.7324.0927.1427.6627.2823.6120.3017.8818.80
Cash Equivalents 0.293.102.530.520.592.622.262.550.562.44
Others Assets 1.963.054.813.594.634.593.233.363.762.71
Total Assets 59.7069.0969.6276.3985.4194.9790.9487.3385.2787.75

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 13.226.112.564.639.316.5015.095.279.016.27
PBT 2.312.463.253.693.161.552.542.642.762.82
Adjustment 7.305.325.826.096.616.166.496.666.285.31
Changes in Working Capital 5.08-0.82-5.67-3.820.59-0.716.41-3.280.69-1.17
Tax Paid -1.47-0.85-0.85-1.33-1.06-0.50-0.35-0.75-0.72-0.69
Cash Flow From Investing Activity + -0.20-1.09-1.73-7.72-5.73-2.30-1.33-0.610.131.23
Capex -0.54-1.46-0.74-10.14-6.17-2.38-1.80-1.01-0.08-0.19
Net Investments 0-0.0100000000.03
Others 0.340.38-12.420.430.080.470.400.201.39
Cash Flow From Financing Activity + -13.02-3.05-2.763.13-3.43-2.16-13.88-4.38-11.36-5.49
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -4.91-0.900.107.481.472.79-0.70-5.30-5.67-2.26
Interest Paid -4.80-3.85-3.99-4.59-4.90-4.48-4.22-4.60-4.54-3.97
Dividend Paid -0.80-0.88-0.88-0.88-0.6600-0.44-0.44-0.44
Others -2.522.582.011.130.66-0.46-8.965.96-0.701.18
Net Cash Flow 01.97-1.940.040.142.04-0.120.28-2.222.01

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.318.3110.411.899.934.326.856.717.036.76
ROCE (%)13.0311.9712.8813.2712.048.379.3310.3310.5810.11
Asset Turnover Ratio1.341.271.441.410.990.821.111.141.211.23
PAT to CFO Conversion(x)8.643.771.171.753.935.968.252.774.292.93
Working Capital Days
Receivable Days119115.3089.2090.60125.1013690.3078.7066.9063
Inventory Days42.5051.9060.1056.9069.4093.4080.8084.4090.1098.80
Payable Days50.7064.8054.3042.8063.1079.4064.7059.9050.5059.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Tirupati Foam Ltd FAQs

The current trading price of Tirupati Foam on 04-Jun-2026 16:59 is ₹84.00.

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 03-Jun-2026 the market cap of Tirupati Foam stood at ₹37.02 Cr

The latest P/E ratio of Tirupati Foam as of 03-Jun-2026 is 19.24.

The latest P/B ratio of Tirupati Foam as of 03-Jun-2026 is 1.09.

The 52-week high of Tirupati Foam is ₹134.4 and the 52-week low is ₹67.31.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tirupati Foam is ₹95.00 ( Cr.) .

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

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tirupati Foam Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Tirupati Foam Ltd

Tirupati Foam Limited had made a humble but formidable beginning in 1986 when four 1st generation entrepreneurs, Babulal N. Shah, Roshan P. Sanghvi, Satish A. Mehta  and Deepak T. Mehta joined hands together in the state of Gujarat.

The company started manufacturing a wide range of industrial foam. To cater to the ever increasing demand of the markets of all India, the company forayed into the arena of branded foam products & evolved an enviable range of consumer comfort products under the name of 'Sweet Dream'. Due to its stringent quality control & undiluted efforts of the Management, 'Sweet Dream' soon became a household name in whole India.

The expansion of the company's dealer network, popular market demand of its product range & a steep rise in the production capacity saw a step wise success story of Tirupati Foam. Initially the company started in the name of ‘Tirupati Foam Private'. Now the firm has entered a never ending phase of success and it developed into ‘Tirupati Foam’. This was a major leap into the future from where the company has never looked back.

Their ability to develop foam with special properties, produce precisely controlled cell sizes combined with their overall technical applications expertise and well developed channels of distribution, makes Tirupati Foam, an undisputed, leading producer and marketer of specially flexible poly urethane foam.

The company’s Polyurethane foam is a unique, environmental friendly, versatile material. All their products are produced based on strict, well documented specifications that ensure consistent performance for years together. All their products are available countrywide.

In September 2003, the company launched an exclusive & innovative range of covered Flexi-Puf Mattresses under Brand Name 'Hindustani' which has received a massive warm response from all over the country.

Product range of the company includes:

  • Hindustani Mattress
  • Sofa n Bed
  • Bolster
  • Back Cushion
  • Puf Cushion
  • Bondo -puf Mattress
  • Wonder Couch
  • Puf Pillow
  • Contour Pillow
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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