TIRUPATIFL

The stock has been placed in Additional Surveillance Measure (ASM) list STASM - I (11).

Tirupati Forge Ltd.

NSE: TIRUPATIFL

Sector: Capital Goods

Industry Group: Industrial Products

Industry: Castings & Forgings

68.17+1.2 (+1.85%)

17 Jul, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

37.5 / 100

Value Score

6.5 / 100

Price Momentum Score

91.3 / 100

QVM Score

36.8 / 100

Key Metrics

Market Cap

886.48

P/E (TTM)

140.82

P/B

6.65

P/S (TTM)

5.46

EV/EBITDA

58.09

CAPE (5Y)

99.28

ROE (TTM)

5.24

ROCE (TTM)

5.28

ROA (TTM)

3.60

Avg 3Y ROE

10.22

Earnings 3Y CAGR

-19.60

Sales 3Y CAGR

20.86

Sales 5Y CAGR

39.49

Debt/Equity

0.31

Consensus TP

Strong Buy %

Promoter Holding

49.01

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Tirupati Forge Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong price momentum

Price Momentum score of 91.3 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

91.3 / 100

Strong revenue growth and above median growth of industry

The company delivered strong revenue growth of 41.31% for 12-month ended 31 Mar 2026 and the growth was 32.5 percentage points higher than median growth of industry

What is Sales growth (1Y)?

Median: 8.81

Value 41.31

-17.5974.43

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.31 as on 31 Mar 2026 and Debt to Equity increased marginally by 0.07 in the last 1 year

What is Debt to Equity?

Consistently pays dividend

The company has not missed dividend payments once in the last 4 financial years

What is Dividend streak?

Negative

Expensive and at a premium to industry median P/E

PE TTM of 140.82 indicates that the stock is expensive on a standalone basis and is at a 464.18% premium to industry median P/E

What is P/E Ratio?

Median: 24.96

Value 140.82

-88.77524.86

Low and declining ROE

The company reported low ROE of 5.24% for 12-month ended 31 Mar 2026 and ROE declined by -476 bps from 1 year ago

What is ROE (FY)?

Low and declining operating margin

The company reported low operating margin of 5.01% for 12-month ended 31 Mar 2026 and operating margin declined by -442 bps from 1 year ago

What is Operating profit margin?

Low EPS growth and lower than median growth of industry

The company delivered moderate EPS growth of -24.71% for 12-month ended 31 Mar 2026 and the growth was 34.82 percentage points lower than median growth of industry

What is EPS growth (1Y)?

Low dividend yield

The company has a low dividend yield of 0.0%

What is Dividend yield?

Neutral

Company's earnings are of moderate quality

Earnings quality score of 50.6 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

50.6 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Tirupati Forge Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Tirupati Forge Ltd. Shareholding Pattern

Quarterly breakdown of Tirupati Forge Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Sep 2019	Mar 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Total Promoter	67.30	62.40	57.50	57.49	58.03	58.52	58.78	58.78	58.78	57.59	57.59	57.59	57.59	57.59	57.69	57.69	57.69	55.76	55.76	55.76	48.88	49.31	48.10	48.93	49.01
Indian Promoter	67.30	62.40	57.50	57.49	58.03	58.52	58.78	58.78	58.78	57.59	57.59	57.59	57.59	57.59	57.69	57.69	57.69	55.76	55.76	55.76	48.88	49.31	48.10	48.93	49.01
Foreign Promoter	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.66	-	-	-	0.00	-	-	0.03	0.03	0.02	0.02	0.02	0.02	0.78
Mutual Funds / UTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FI/Bank/Insurance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Govt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.66	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.03	0.02	0.02	0.02	0.02	0.78
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Non-Institution	32.70	37.60	42.51	42.51	41.97	41.48	41.22	41.21	41.21	42.42	42.41	41.75	42.41	42.41	42.31	42.31	42.31	44.23	44.21	44.20	51.10	50.67	51.88	51.04	50.21
Bodies Corporate	0.17	13.23	7.41	7.12	7.20	7.41	8.61	6.66	6.22	6.03	7.48	4.89	3.84	2.59	1.23	0.75	1.85	1.85	2.03	2.29	1.80	3.15	2.95	2.55	2.37
Others (incl. Retail) No. of shareholders	32.53 86	24.37 76	35.10 201	35.39 482	34.77 450	34.07 445	32.61 953	34.55 8,763	34.99 9,266	36.39 9,235	34.93 9,235	36.86 16,365	38.57 19,605	39.82 23,697	41.08 33,731	41.56 42,433	40.46 50,781	42.38 64,806	42.18 69,697	41.91 69,613	49.30 68,806	47.52 66,336	48.93 63,835	48.49 62,665	47.84 59,345

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Castings & Forgings	7.52%	7 / 10

Prominent Investor Holdings

Sharad Kanayalal Shah and Associates

Mar 2024

1.18%

₹ 1 Cr

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Tirupati Forge Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	25 Oct 2024	buy	₹ 40.50	83.65 k	₹ 33.88 lac
MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	25 Oct 2024	sell	₹ 44.69	6.85 lac	₹ 3.06 cr
NK SECURITIES RESEARCH PRIVATE LIMITED	19 Jun 2024	buy	₹ 25.73	8.39 lac	₹ 2.16 cr
NK SECURITIES RESEARCH PRIVATE LIMITED	19 Jun 2024	sell	₹ 25.80	8.43 lac	₹ 2.17 cr
ARAVINDAKSHAN ARUN	13 Sep 2023	sell	₹ 10.09	6.18 lac	₹ 62.38 lac
DHWAJA SHARES & SECURITIES PVT LTD	12 Sep 2023	sell	₹ 9.75	5.00 lac	₹ 48.75 lac
DHWAJA COMMODITY SERVICES PVT LTD	05 Sep 2023	sell	₹ 8.30	5.40 lac	₹ 44.82 lac
DHWAJA COMMODITY SERVICES PVT LTD	28 Jul 2023	buy	₹ 8.26	5.40 lac	₹ 44.60 lac
FINSTOCK INVESTMENT	24 Jul 2023	sell	₹ 7.74	7.00 lac	₹ 54.18 lac
BALAJI SECURITIES	14 Jul 2023	sell	₹ 7.10	5.63 lac	₹ 39.97 lac

Corporate Actions

History of Tirupati Forge Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Stock Split1 : 5
Ex-date: 7th Oct 2021Announced on: 21st Sep 2021
Nominal value changes from INR 10 to INR 2
Bonus3 new shares for 4 existing shares
Ex-date: 7th Oct 2021Announced on: 21st Sep 2021
Bonus6 new shares for 10 existing shares
Ex-date: 3rd Oct 2019Announced on: 20th Aug 2019

Company Profile

Overview of Tirupati Forge Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Tirupati Forge Limited is an India-based company which is engaged in the manufacturing of carbon steel forged flanges, forged components, and other automotive components. Its products include Flanges, Forged Pipe Fittings, Auto Parts, Gears, Seamless Rolled Rings, and Hammer Unions. Its Flanges incl...

Key personnel

Mr. Atul L. Natu

Chief Financial Officer

Mr. Vivek M. Moliya

Compliance Officer, Company Secretary

Mr. Hiteshkumar G. ThummarD

Executive Chairman of the Board, Managing Director

Mr. Bhaveshbhai T. BarsiyaD

Whole Time Director

Mrs. Darshna Hiteshbhai ThummarD

Non-Executive Non Independent Director

Mr. Sachin P. RavaniD

Non-Executive Independent Director

Mr. Anand Mohan ShrivastavaD

Non-Executive Independent Director

Incorporated on

17 Aug 2012

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

IPO date

12 Oct 2017

Free Float

Website

https://www.tirupatiforge.com/

Phone no.

+912827270512

Address

PLOT NO. 1-5, SURVEY NO. 92/1, NEAR SHAN CEMENT HADAMTALA INDUSTRIAL AREA, KOTDA SAN, GANI, HADAMTALA, , 360311, India

Frequently Asked Questions

What is the current share price of Tirupati Forge Ltd.?

The current share price of Tirupati Forge Ltd. is ₹ 68.17 as of 17 Jul 2026.

What is the market capitalisation of Tirupati Forge Ltd.?

The market capitalisation of Tirupati Forge Ltd. stands at ₹ 886.48 Cr.

What is the PE ratio of Tirupati Forge Ltd.?

The Price-to-Earnings (PE) ratio of Tirupati Forge Ltd. is 140.82 as of the latest trailing twelve months data.

What is the ROE and ROCE of Tirupati Forge Ltd.?

Tirupati Forge Ltd. has a Return on Equity (ROE) of 5.24% and a Return on Capital Employed (ROCE) of 5.28% as per the latest financial reports.

What is the 52-week high and low of Tirupati Forge Ltd.?

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

What is the dividend yield of Tirupati Forge Ltd.?

The dividend yield of Tirupati Forge Ltd. is 0.00% based on the current market price.

What is the FII and DII holding in Tirupati Forge Ltd.?

Foreign Institutional Investors (FII) hold 0.78%, Domestic Institutional Investors (DII) hold 0.00% and retail/public investors hold 47.84% of Tirupati Forge Ltd. shares.

What sector does Tirupati Forge Ltd. belong to?

Tirupati Forge Ltd. operates in the Capital Goods sector.

What is the beta of Tirupati Forge Ltd.?

The beta of Tirupati Forge Ltd. is 0.80, indicating its price volatility relative to the broader market. Over the past 1 year, Tirupati Forge Ltd. has delivered an absolute return of 53.02%.

What is the RSI of Tirupati Forge Ltd.?

The 14-day Relative Strength Index (RSI) of Tirupati Forge Ltd. is 66.35, placing it approaching overbought territory. An RSI above 70 is considered overbought and below 30 is considered oversold.

Tirupati Forge Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Tirupati Forge Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Company Profile

Stock Analysis

Holdings and Presence

Corporate Actions