Tirupati Forge

When is the next results date for Tirupati Forge?

No Upcoming Board Meetings

What is the bonus history of the Tirupati Forge?

Tirupati Forge's recent bonus history includes a 3:4 bonus issue on October 7, 2021, and a 6:10 bonus issue on October 3, 2019, demonstrating the company's commitment to rewarding shareholders.

Tirupati Forge has a notable bonus history. The most recent bonus issue was a 3:4 ratio, which was announced with an ex-date of October 7, 2021, and a record date of October 9, 2021. Prior to that, the company issued a bonus in a 6:10 ratio, with an ex-date of October 3, 2019, and a record date of October 4, 2019. This reflects the company's approach to rewarding its shareholders through bonus shares over the years.

Has Tirupati Forge declared dividend?

Tirupati Forge Ltd has declared a 1% dividend, amounting to 0.1 per share, with an ex-date of August 12, 2021. Despite the dividend declaration, the yield remains at 0%, and total returns have varied significantly over different periods, with notable gains over the longer term.

Tirupati Forge Ltd has declared a 1% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 1%<BR>- Amount per share: 0.1<BR>- Ex-date: 12 Aug 21<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -27.24%, the dividend return was 0%, resulting in a total return of -27.24%.<BR><BR>For the 1-year period, the price return was 123.8%, the dividend return was 0%, leading to a total return of 123.8%.<BR><BR>Over the 2-year period, the price return was 357.09%, with a dividend return of 0%, culminating in a total return of 357.09%.<BR><BR>In the 3-year period, the price return was 259.14%, the dividend return was 0%, which resulted in a total return of 259.14%.<BR><BR>For the 4-year period, the price return was 31.85%, the dividend return was 0.33%, giving a total return of 32.18%.<BR><BR>In the 5-year period, the price return was 31.39%, the dividend return was 0.36%, resulting in a total return of 31.75%.<BR><BR>Overall, Tirupati Forge has declared a dividend, but the dividend yield remains at 0%, indicating that while there was a dividend declared, it has not significantly contributed to the returns in the recent periods. The total returns show a mix of performance, with notable gains over longer periods despite recent declines.

Who are the peers of the Tirupati Forge?

Tirupati Forge's peers include Steelcast, Nelcast, Synergy Green, Kalyani Forge, and others. In terms of performance, Steelcast leads with an 84.94% 1-year return, while Tirupati Forge has a 32.09% return, and a negative six-month return of -19.49%.

Peers: The peers of Tirupati Forge are Steelcast, Nelcast, Synergy Green, Kalyani Forge, Forge Auto, Magna Electrocas, Inv.& Prec.Cast., Nitin Castings, Amic Forging, and Gujarat Intrux.<BR><BR>Quality Snapshot: Excellent management risk is observed at Nitin Castings and Gujarat Intrux, while Average management risk is found at Steelcast, Nelcast, Synergy Green, Tirupati Forge, Kalyani Forge, Magna Electrocas, and the rest. Growth is Excellent at Tirupati Forge, Good at Nitin Castings and Amic Forging, Average at Steelcast, Synergy Green, Kalyani Forge, and the rest, and Below Average at Nelcast, Forge Auto, Inv.& Prec.Cast. The Capital Structure is Excellent at Steelcast and Nitin Castings, Good at Tirupati Forge and Amic Forging, and Below Average at Nelcast, Synergy Green, Kalyani Forge, Forge Auto, Inv.& Prec.Cast., and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Steelcast at 84.94%, while the lowest is Nelcast at -4.05%. Tirupati Forge's 1-year return of 32.09% is higher than Nelcast's but lower than Steelcast's. Additionally, Forge Auto and Inv.& Prec.Cast. have a six-month return of N/A, indicating no data available, while Tirupati Forge has a negative six-month return of -19.49%.

Who are in the management team of Tirupati Forge?

As of March 2022, the management team of Tirupati Forge includes Hiteshkumar Thummar (Chairman & Managing Director), Bhavesh Barsiya (Whole-time Director), Darshna Thummar (Non-Executive Director), and three Independent Directors: Jagruti Erda, Sachin Ravani, and A. M. Shrivastava. They oversee the company's operations and strategic direction.

As of March 2022, the management team of Tirupati Forge includes the following individuals:<BR><BR>1. Hiteshkumar Gordhanbhai Thummar - Chairman & Managing Director<BR>2. Bhavesh Tulshibhai Barsiya - Whole-time Director<BR>3. Darshna Hiteshbhai Thummar - Non Executive Director<BR>4. Jagruti Nitinkumar Erda - Independent Director<BR>5. Sachin Praful Ravani - Independent Director<BR>6. A. M. Shrivastava - Independent Director<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

What does Tirupati Forge do?

Tirupati Forge Ltd manufactures closed die forged products and operates in the Castings & Forgings industry. As of March 2025, it reported net sales of ₹275 Cr and a net profit of ₹13 Cr, with a market cap of ₹507 Cr.

Overview:<BR>Tirupati Forge Ltd is engaged in the manufacturing of closed die forged products and operates within the Castings & Forgings industry, classified as a Micro Cap company.<BR><BR>History:<BR>Tirupati Forge Limited was incorporated as a Private Limited Company on August 17, 2012, in Gujarat, and was later converted into a Public Limited Company on August 11, 2017. The most recent quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 275 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 13 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: INR 507 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 65.00<BR>- Industry P/E: 32<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 0.21<BR>- Return on Equity: 14.23%<BR>- Price to Book: 9.45<BR><BR>Contact Details:<BR>Address: Plot No 1-5 Survey No 92/1, Near Shan Cement NH 27 Rajkot Gujarat : 360311<BR>Tel: 91-2827-27051213<BR>Email: info@tirupatiforge.com<BR>Website: http://www.tirupatiforge.com

Who are the top shareholders of the Tirupati Forge?

The top shareholder of Tirupati Forge is promoter Chetna Mukeshbhai Thumar, holding 14.03%. Non-institutional investors collectively own 38.28%, while foreign institutional investors hold 0.02%, with no mutual funds or pledged promoter holdings.

The top shareholders of Tirupati Forge include Chetna Mukeshbhai Thumar, who is the promoter with the highest holding at 14.03%. The majority of the shareholding is held by non-institutional investors, with individual investors collectively holding 38.28%. Additionally, there are two foreign institutional investors (FIIs) that hold a small percentage, specifically 0.02%. There are no mutual funds currently holding shares in the company, and there are no pledged promoter holdings.

How big is Tirupati Forge?

As of 24th July, Tirupati Forge Ltd has a market capitalization of 508.00 Cr, with recent net sales of 114.98 Cr and a net profit of 7.85 Cr. The company reported shareholder's funds of 49.92 Cr and total assets of 74.20 Cr for the annual period ending in March 2024.

As of 24th July, Tirupati Forge Ltd has a market capitalization of 508.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Tirupati Forge reported Net Sales of 114.98 Cr and a Net Profit of 7.85 Cr.<BR><BR>For the latest annual period ending in March 2024, the company had Shareholder's Funds of 49.92 Cr and Total Assets amounting to 74.20 Cr.

Is Tirupati Forge technically bullish or bearish?

As of October 23, 2025, Tirupati Forge's trend is neutral with mixed signals; while the weekly MACD and Bollinger Bands suggest potential upward movement, daily moving averages and the KST indicate some weakness.

As of 23 October 2025, the technical trend for Tirupati Forge has changed from mildly bearish to sideways. The current stance is neutral, with mixed signals across different indicators. The weekly MACD is bullish, while the monthly MACD is mildly bearish, indicating divergence in momentum. The Bollinger Bands show bullish signals on both weekly and monthly time frames, suggesting potential upward movement. However, daily moving averages are mildly bearish, and the KST is bearish on a weekly basis and mildly bearish monthly, indicating some weakness. The Dow Theory reflects a mildly bullish stance weekly but mildly bearish monthly. Overall, the strength of the current neutral stance is moderate, driven by the conflicting signals from the MACD and moving averages.

Are Tirupati Forge latest results good or bad?

Tirupati Forge's latest results show a 17.45% quarter-on-quarter revenue growth, but a significant 45.77% year-on-year decline in net profit raises concerns about profitability and sustainability, making the overall outlook more negative than positive.

Tirupati Forge's latest results present a mixed picture. On one hand, the company achieved a quarter-on-quarter revenue growth of 17.45%, bringing net sales to ₹32.30 crores, which is a positive sign. Year-on-year, net sales also grew by 11.15%. However, this revenue growth is overshadowed by significant declines in profitability metrics.<BR><BR>The net profit for the quarter was ₹1.41 crores, reflecting an 8.46% increase from the previous quarter, but a concerning 45.77% decrease compared to the same quarter last year. The PAT margin has dropped sharply from 8.95% in the previous year to just 4.37%, indicating severe operational pressures. Additionally, the operating margin, while slightly improved from the previous quarter, has contracted significantly from the previous year.<BR><BR>Overall, while Tirupati Forge has shown some revenue growth, the substantial decline in profitability raises serious concerns about the sustainability of its business model. The reliance on other income to support profitability further complicates the outlook. Therefore, the results can be viewed as more negative than positive, reflecting ongoing challenges in maintaining profit margins amidst rising costs and competitive pressures.

How has been the historical performance of Tirupati Forge?

Tirupati Forge has shown steady growth in net sales and profitability, with net sales increasing from 26.59 crore in March 2020 to 114.98 crore in March 2025, and profit after tax rising from 0.27 crore to 7.86 crore during the same period. The company's total assets also grew significantly, reflecting a robust financial performance overall.

Answer:<BR>The historical performance of Tirupati Forge shows a steady growth in net sales and profitability over the years, with the latest figures for March 2025 indicating net sales of 114.98 crore and a profit after tax of 7.86 crore.<BR><BR>Breakdown:<BR>Tirupati Forge has demonstrated a consistent upward trend in net sales, increasing from 26.59 crore in March 2020 to 114.98 crore in March 2025. The total operating income has also risen significantly, reaching 114.98 crore in March 2025, compared to just 27.62 crore in March 2020. The company's operating profit margin, excluding other income, improved to 13.24% in March 2025, while the profit before tax was reported at 10.52 crore. The profit after tax has shown a positive trajectory, increasing from 0.27 crore in March 2020 to 7.86 crore in March 2025. On the balance sheet, total assets grew from 25.46 crore in March 2020 to 145.81 crore in March 2025, reflecting a robust increase in shareholder's funds, which reached 107.06 crore in March 2025. The cash flow from operating activities, however, has fluctuated, with a notable cash inflow of 28 crore in March 2025, indicating improved liquidity. Overall, Tirupati Forge's financial performance highlights significant growth in sales, profitability, and asset base over the years.

Should I buy, sell or hold Tirupati Forge?

Is Tirupati Forge overvalued or undervalued?

As of November 12, 2025, Tirupati Forge is considered overvalued with a high PE ratio of 81.92 and poor financial performance metrics, resulting in a valuation grade shift from fair to expensive.

As of 12 November 2025, the valuation grade for Tirupati Forge has moved from fair to expensive. The company is currently overvalued, as indicated by its high PE ratio of 81.92, an EV to EBIT of 65.19, and an EV to EBITDA of 35.23. In comparison, Bharat Forge, a peer in the same industry, has a PE ratio of 61.51 and an EV to EBITDA of 26.34, while CIE Automotive, which is considered attractive, shows a significantly lower PE of 20.48 and an EV to EBITDA of 12.16.<BR><BR>The company's financial performance metrics, such as a ROCE of 5.75% and a ROE of 4.73%, suggest inefficiencies relative to its valuation. Additionally, Tirupati Forge has underperformed against the Sensex, with a year-to-date return of -40.87% compared to the Sensex's 9.44%. Overall, these factors reinforce the conclusion that Tirupati Forge is overvalued in the current market environment.

Why is Tirupati Forge Ltd falling/rising?

As of 06-Feb, Tirupati Forge Ltd's stock price is falling to 34.24, down 2.59%, due to negative financial indicators including four consecutive quarters of losses and a significant drop in profit metrics. The stock has underperformed the market with a return of -26.06% over the past year, and its high valuation contrasts with low returns on equity, contributing to a negative investor sentiment.

As of 06-Feb, Tirupati Forge Ltd's stock price is falling, currently at 34.24, reflecting a decrease of 0.91 or 2.59%. This decline can be attributed to several negative financial indicators. The company has reported negative results for the last four consecutive quarters, with a significant drop in profit after tax (PAT) of 47.52% over the latest six months. Additionally, the profit before tax (PBT) has fallen by 76.36%, indicating severe operational challenges.<BR><BR>The stock has underperformed the market significantly over the past year, generating a return of -26.06%, while the broader market (BSE500) has seen a positive return of 7.71%. This stark contrast highlights the company's struggles relative to its peers. Furthermore, the stock's valuation appears expensive with a price-to-book value of 3.8, especially considering its low return on equity (ROE) of 4.7.<BR><BR>Despite some positive factors, such as high management efficiency and strong long-term growth in net sales and operating profit, the overall sentiment is dampened by the company's recent performance and declining investor participation, as evidenced by a 29.73% drop in delivery volume compared to the five-day average. These elements collectively contribute to the stock's current downward trend.

Which are the latest news on Tirupati Forge?