Tirupati Forge

Which are the latest news on Tirupati Forge?

Why is Tirupati Forge Ltd falling/rising?

As of 05-Sep, Tirupati Forge Ltd's stock price is rising to 69.05, driven by strong debt servicing capabilities, significant sales growth, and positive quarterly results. The stock has outperformed its sector and generated a 69.99% return over the past year, despite broader market declines.

As of 05-Sep, Tirupati Forge Ltd's stock price is rising, currently at 69.05, with a change of 0.63 (0.92%) upward. This increase can be attributed to several positive factors. The company has demonstrated a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 2.62 times. Additionally, Tirupati Forge has shown healthy long-term growth, with net sales increasing at an annual rate of 34.35% and operating profit growing at 42.73%. <BR><BR>The company has also reported positive results for the last three consecutive quarters, with net sales for the latest six months reaching Rs 80.01 crore, reflecting a growth of 33.80%. Furthermore, the operating profit to net sales ratio is at its highest, recorded at 11.47%. Over the past year, the stock has generated a return of 69.99%, significantly outperforming the BSE500 index in each of the last three annual periods. <BR><BR>Moreover, today's performance indicates that Tirupati Forge has outperformed its sector by 2.26%, and it is trading higher than its moving averages across various time frames, including 5-day, 20-day, 50-day, 100-day, and 200-day averages. Despite a decline in the BSE Small Cap index by 19.3%, the liquidity of the stock remains sufficient for trading, further supporting its upward movement. Overall, these factors contribute to the stock's rising price.

Who are in the management team of Tirupati Forge?

The management team of Tirupati Forge includes Hiteshkumar Gordhanbhai Thummar (Chairman & Managing Director), Bhavesh Tulshibhai Barsiyaa (Whole-time Director), Darshna Hiteshbhai Thummar (Non-Executive Director), and three Independent Directors: Jagruti Nitinkumar Erda, Sachin Praful Ravani, and A. M. Shrivastava. This team combines leadership with independent oversight.

The management team of Tirupati Forge includes the following individuals:<BR><BR>1. **Hiteshkumar Gordhanbhai Thummar** - Chairman & Managing Director<BR>2. **Bhavesh Tulshibhai Barsiyaa** - 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 brings a mix of leadership and independent oversight to the company.

What does Tirupati Forge do?

Tirupati Forge Ltd manufactures closed die forged products and operates in the Castings & Forgings industry as a micro-cap company. As of June 2026, it reported net sales of 38 Cr and a net profit of 1 Cr, with a market cap of INR 897 Cr.

Overview: <BR>Tirupati Forge Ltd is engaged in the manufacturing of closed die forged products and falls under the Castings & Forgings industry within the Micro Cap market segment.<BR><BR>History: <BR>Tirupati Forge Limited was incorporated as a Private Limited Company on August 17, 2012, in Gujarat and later converted into a Public Limited Company on August 11, 2017. The most recent quarterly results report net sales and profit for June 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 38 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 1 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 897 Cr (Micro Cap) <BR><BR>Key Metrics: <BR>P/E: 147.00 <BR>Industry P/E: 50 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 0.27 <BR>Return on Equity: 4.67% <BR>Price to Book: 6.94 <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 peers of the Tirupati Forge?

Peers of Tirupati Forge include Nelcast, Synergy Green, ANB Metal, Kalyani Forge, Magna Electrocas, Inv.& Prec.Cast., and Amic Forging. Tirupati Forge and ANB Metal show excellent management and growth, while returns vary significantly, with ANB Metal at 87.67% and Nelcast at -19.62%.

Peers: The peers of Tirupati Forge are Nelcast, Synergy Green, ANB Metal, Kalyani Forge, Magna Electrocas, Inv.& Prec.Cast., and Amic Forging.<BR><BR>Quality Snapshot: Excellent management risk is observed at ANB Metal and Tirupati Forge, while Average management risk is found at Nelcast, Synergy Green, Kalyani Forge, Magna Electrocas, Inv.& Prec.Cast., and Amic Forging. Growth is Excellent at Tirupati Forge and ANB Metal, Good at Kalyani Forge and Amic Forging, and Below Average at Nelcast, Synergy Green, and Inv.& Prec.Cast. Capital Structure is Excellent at Magna Electrocas and Amic Forging, Good at Tirupati Forge and ANB Metal, and Below Average at Nelcast, Kalyani Forge, and Inv.& Prec.Cast.<BR><BR>Return Snapshot: ANB Metal has the highest 1-year return at 87.67%, while Nelcast has the lowest at -19.62%. Tirupati Forge's 1-year return of 78.50% is significantly higher than Nelcast's. Additionally, the six-month returns for Nelcast, ANB Metal, and Inv.& Prec.Cast. are negative.

How big is Tirupati Forge?

As of 31st August, Tirupati Forge Ltd has a market capitalization of 897.00 Cr, with recent Net Sales of 168.28 Cr and a Net Profit of 6.10 Cr.

As of 31st August, Tirupati Forge Ltd has a market capitalization of 897.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Tirupati Forge reported Net Sales of 168.28 Cr and a Net Profit of 6.10 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 107.06 Cr and Total Assets valued at 145.81 Cr.

Should I buy, sell or hold Tirupati Forge Ltd?

Are Tirupati Forge Ltd latest results good or bad?

Tirupati Forge Ltd's latest results show strong revenue growth of 52.40% year-on-year, but profitability is a concern with a 24.75% decline in net profit from the previous quarter and shrinking operating margins. Investors should be cautious due to reliance on non-operating income, indicating potential challenges ahead.

Tirupati Forge Ltd's latest results present a mixed picture. On one hand, the company achieved a significant year-on-year revenue growth of 52.40%, with net sales reaching ₹41.91 crores in Q4 FY26, up from ₹27.50 crores in the same quarter last year. This indicates strong top-line momentum and suggests that the company is successfully expanding its market presence.<BR><BR>However, the results also reveal concerning trends regarding profitability. The net profit for the quarter was ₹1.52 crores, which represents a 24.75% decline compared to the previous quarter, although it is a 16.92% increase year-on-year. More troubling is the contraction in operating margins, which fell to 9.21% from 10.47% in the previous quarter, indicating challenges in maintaining profitability despite revenue growth.<BR><BR>Additionally, a significant portion of the profit before tax (54.59%) came from non-operating income, raising concerns about the sustainability of the company's earnings quality. The reliance on non-core income sources suggests that the operational profitability may be under pressure, which could impact future performance.<BR><BR>In summary, while Tirupati Forge has demonstrated impressive revenue growth, the declining margins and reliance on non-operating income point to underlying challenges that investors should monitor closely. The overall assessment leans towards caution, as the company navigates these profitability pressures amidst its growth trajectory.

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.

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.

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.

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.

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.