Tirupati Forge Ltd.
•₹ 69.624.88%
2026-08-21
PROS
- Company has a healthy return on capital (ROCE) of 21.9%
- Company has delivered good sales growth of 33.0% CAGR over last 5 years
- Company comfortably covers its interest (7.4x coverage)
- Company maintains a comfortable, low leverage position
CONS
- Promoter holding has decreased over last 2 years: -6.0pp
- Working capital days have increased from 84 to 211 days
- Total debt has risen sharply - up 59.8% year on year
- Expensive relative to growth - PEG of 6.0
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BHARATFORG | 2065.00 | 139.79 | 98725.30 | 0.41 | -89.89 | -131.67 | 4639.94 | 18.71 | 12.46 | 15.05 |
| 2. | HAPPYFORGE | 2305.95 | 66.47 | 21763.26 | 0.17 | 91.46 | 39.24 | 449.42 | 27.03 | 18.19 | 31.34 |
| 3. | RKFORGE | 748.15 | 127.50 | 13629.05 | 0.13 | 46.88 | 297.76 | 1216.67 | 19.84 | 5.56 | 17.91 |
| 4. | BALUFORGE | 537.50 | 24.35 | 6524.81 | 0.00 | 66.09 | 15.89 | 300.72 | 28.95 | 31.33 | 28.19 |
| 5. | MMFL | 655.90 | 18.70 | 3166.79 | 0.61 | 90.42 | 371.26 | 420.48 | 18.71 | 9.00 | 17.82 |
| 6. | TIRUPATIFL | 64.88 | 0.00 | 843.70 | 0.00 | 12.19 | 764.54 | 381.01 | 1079.56 | 13.10 | 11.48 |
| 7. | KALYANIFRG | 678.75 | 0.00 | 246.93 | 0.59 | 4.48 | 217.73 | 66.80 | 4.16 | 12.26 | 15.89 |
| 8. | GANGAFORGE | 2.26 | 0.00 | 76.16 | 0.00 | 1.06 | 464.83 | 7.18 | -7.29 | 4.06 | 9.34 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21 | 24 | 32 | 33 | 29 | 32 | 26 | 28 | 32 | 40 | 49 | 42 | 38 | |
| 18 | 21 | 28 | 30 | 24 | 27 | 24 | 24 | 29 | 36 | 44 | 38 | 37 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| 2 | 2 | 3 | 3 | 3 | 4 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | |
| Tax % | 25.97% | 25.73% | 26.52% | 24.71% | 24.86% | 26.67% | 24.57% | 24.12% | 25.79% | 27.17% | 25.91% | 26.57% | 26.63% |
| Net Profit | 1 | 2 | 2 | 2 | 3 | 3 | 1 | 1 | 1 | 1 | 2 | 2 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Equity Capital | 20 | 20 | 20 | 21 | 21 | 21 | 21 | 24 | 24 | 24 | 25 | 25 | 26 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
| Equity Capital | 20 | 20 | 20 | 21 | 21 | 21 | 21 | 24 | 24 | 24 | 25 | 25 | 26 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
Jun 2023
- 21
- 18
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 2
- Tax %
- 25.97%
- Net Profit
- 1
- 0
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 24
- 21
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 2
- Tax %
- 25.73%
- Net Profit
- 2
- 0
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 32
- 28
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 3
- Tax %
- 26.52%
- Net Profit
- 2
- 0
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 33
- 30
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 3
- Tax %
- 24.71%
- Net Profit
- 2
- 0
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 29
- 24
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 3
- Tax %
- 24.86%
- Net Profit
- 3
- 0
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 32
- 27
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 4
- Tax %
- 26.67%
- Net Profit
- 3
- 0
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 26
- 24
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 2
- Tax %
- 24.57%
- Net Profit
- 1
- 0
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 28
- 24
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 2
- Tax %
- 24.12%
- Net Profit
- 1
- 0
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 32
- 29
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 2
- Tax %
- 25.79%
- Net Profit
- 1
- 0
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 40
- 36
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 2
- Tax %
- 27.17%
- Net Profit
- 1
- 0
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 49
- 44
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 3
- Tax %
- 25.91%
- Net Profit
- 2
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 42
- 38
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 2
- Tax %
- 26.57%
- Net Profit
- 2
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 38
- 37
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 2
- Tax %
- 26.63%
- Net Profit
- 1
- 0
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 18 | 16 | 21 | 42 | 28 | 31 | 88 | 92 | 110 | 115 | 168 | |
| 16 | 14 | 18 | 35 | 25 | 28 | 78 | 77 | 97 | 100 | 155 | |
| Operating Profit | 2 | 2 | 3 | 7 | 3 | 3 | 12 | 16 | 14 | 17 | — |
| OPM % | 11 | 13 | 16 | 17 | 10 | 9 | 13 | 18 | 12 | 14 | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 3 |
| Interest | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 2 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 4 | 8 |
| 0 | 1 | 2 | 6 | 0 | 1 | 8 | 13 | 9 | 11 | 8 | |
| Tax % | 32 | 30 | 27 | 28 | 26 | 28 | 25 | 25 | 26 | 25 | 26 |
| Net Profit | 0 | 0 | 2 | 4 | 0 | 0 | 6 | 9 | 7 | 8 | 6 |
| EPS | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | — |
Mar 2016
- 18
- 16
- Operating Profit
- 2
- OPM %
- 11
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 0
- Tax %
- 32
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2017
- 16
- 14
- Operating Profit
- 2
- OPM %
- 13
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 1
- Tax %
- 30
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 21
- 18
- Operating Profit
- 3
- OPM %
- 16
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 2
- Tax %
- 27
- Net Profit
- 2
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2019
- 42
- 35
- Operating Profit
- 7
- OPM %
- 17
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 6
- Tax %
- 28
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2020
- 28
- 25
- Operating Profit
- 3
- OPM %
- 10
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 0
- Tax %
- 26
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2021
- 31
- 28
- Operating Profit
- 3
- OPM %
- 9
- Other Income
- 0
- Interest
- 0
- Depreciation
- 2
- 1
- Tax %
- 28
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2022
- 88
- 78
- Operating Profit
- 12
- OPM %
- 13
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 8
- Tax %
- 25
- Net Profit
- 6
- EPS
- 1
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 92
- 77
- Operating Profit
- 16
- OPM %
- 18
- Other Income
- 2
- Interest
- 1
- Depreciation
- 3
- 13
- Tax %
- 25
- Net Profit
- 9
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2024
- 110
- 97
- Operating Profit
- 14
- OPM %
- 12
- Other Income
- 1
- Interest
- 1
- Depreciation
- 3
- 9
- Tax %
- 26
- Net Profit
- 7
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2025
- 115
- 100
- Operating Profit
- 17
- OPM %
- 14
- Other Income
- 1
- Interest
- 2
- Depreciation
- 4
- 11
- Tax %
- 25
- Net Profit
- 8
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
TTM
- 168
- 155
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 3
- Depreciation
- 8
- 8
- Tax %
- 26
- Net Profit
- 6
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 14%
- 5 Years:
- 33%
- 3 Years:
- 9%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 27%
- 5 Years:
- 95%
- 3 Years:
- 8%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 46%
- 3 Years:
- 100%
- 1 Year:
- 67%
RETURN ON EQUITY
- 10 Years:
- 17%
- 5 Years:
- 17%
- 3 Years:
- 19%
- Last Year:
- 11%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 1 | 1 | 6 | 6 | 10 | 11 | 20 | 20 | 21 | 24 |
| 1 | 2 | 5 | 9 | 8 | 10 | 7 | 17 | 29 | 74 | |
| 1 | 2 | 0 | 2 | 1 | 4 | 6 | 6 | 7 | 6 | |
| Trade Payables | 1 | 3 | 1 | 2 | 2 | 4 | 10 | 3 | 8 | 10 |
| 5 | 3 | 1 | 4 | 4 | 5 | 10 | 5 | 9 | 32 | |
| Total Liabilities | 10 | 10 | 13 | 22 | 25 | 34 | 52 | 51 | 74 | 146 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 5 | 5 | 4 | 10 | 13 | 14 | 14 | 15 | 19 | 37 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 18 |
| 2 | 3 | 4 | 5 | 6 | 11 | 15 | 16 | 22 | 23 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16 | 17 | |
| Cash & Bank | 0 | 0 | 1 | 0 | 1 | 0 | 1 | 0 | 4 | 33 |
| 2 | 3 | 4 | 7 | 6 | 9 | 22 | 20 | 5 | 17 | |
| Total Assets | 10 | 10 | 13 | 22 | 25 | 34 | 52 | 51 | 74 | 146 |
| Total Debt | 5 | 4 | 0 | 5 | 4 | 8 | 10 | 9 | 11 | 18 |
| Net Working Capital | 1 | 0 | 6 | 7 | 6 | 8 | 14 | 22 | 25 | 67 |
| Contingent Liabilities | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Book Value per Share | 28.05 | 33.39 | 18.03 | 25.32 | 17.34 | 18.54 | 2.74 | 3.70 | 4.81 | 8.26 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 5 | 4 | 0 | 5 | 4 | 8 | 10 | 9 | 11 | 18 |
| Net Working Capital | 1 | 0 | 6 | 7 | 6 | 8 | 14 | 22 | 25 | 67 |
| Contingent Liabilities | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Book Value per Share | 28.05 | 33.39 | 18.03 | 25.32 | 17.34 | 18.54 | 2.74 | 3.70 | 4.81 | 8.26 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2016
- Equity Capital
- 1
- 1
- 1
- Trade Payables
- 1
- 5
- Total Liabilities
- 10
- 5
- Capital Work in Progress
- 0
- 2
- 0
- Cash & Bank
- 0
- 2
- Total Assets
- 10
- Total Debt
- 5
- Net Working Capital
- 1
- Contingent Liabilities
- 0
- Book Value per Share
- 28.05
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 1
- Contingent Liabilities
- 0
- Book Value per Share
- 28.05
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 1
- 2
- 2
- Trade Payables
- 3
- 3
- Total Liabilities
- 10
- 5
- Capital Work in Progress
- 0
- 3
- 0
- Cash & Bank
- 0
- 3
- Total Assets
- 10
- Total Debt
- 4
- Net Working Capital
- 0
- Contingent Liabilities
- 0
- Book Value per Share
- 33.39
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 0
- Contingent Liabilities
- 0
- Book Value per Share
- 33.39
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 6
- 5
- 0
- Trade Payables
- 1
- 1
- Total Liabilities
- 13
- 4
- Capital Work in Progress
- 0
- 4
- 0
- Cash & Bank
- 1
- 4
- Total Assets
- 13
- Total Debt
- 0
- Net Working Capital
- 6
- Contingent Liabilities
- 0
- Book Value per Share
- 18.03
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 6
- Contingent Liabilities
- 0
- Book Value per Share
- 18.03
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 6
- 9
- 2
- Trade Payables
- 2
- 4
- Total Liabilities
- 22
- 10
- Capital Work in Progress
- 0
- 5
- 0
- Cash & Bank
- 0
- 7
- Total Assets
- 22
- Total Debt
- 5
- Net Working Capital
- 7
- Contingent Liabilities
- 1
- Book Value per Share
- 25.32
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 7
- Contingent Liabilities
- 1
- Book Value per Share
- 25.32
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 10
- 8
- 1
- Trade Payables
- 2
- 4
- Total Liabilities
- 25
- 13
- Capital Work in Progress
- 0
- 6
- 0
- Cash & Bank
- 1
- 6
- Total Assets
- 25
- Total Debt
- 4
- Net Working Capital
- 6
- Contingent Liabilities
- 1
- Book Value per Share
- 17.34
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 6
- Contingent Liabilities
- 1
- Book Value per Share
- 17.34
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 11
- 10
- 4
- Trade Payables
- 4
- 5
- Total Liabilities
- 34
- 14
- Capital Work in Progress
- 0
- 11
- 0
- Cash & Bank
- 0
- 9
- Total Assets
- 34
- Total Debt
- 8
- Net Working Capital
- 8
- Contingent Liabilities
- 1
- Book Value per Share
- 18.54
- Face Value
- 10.00
- Total Debt
- 8
- Net Working Capital
- 8
- Contingent Liabilities
- 1
- Book Value per Share
- 18.54
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 20
- 7
- 6
- Trade Payables
- 10
- 10
- Total Liabilities
- 52
- 14
- Capital Work in Progress
- 0
- 15
- 0
- Cash & Bank
- 1
- 22
- Total Assets
- 52
- Total Debt
- 10
- Net Working Capital
- 14
- Contingent Liabilities
- 1
- Book Value per Share
- 2.74
- Face Value
- 2.00
- Total Debt
- 10
- Net Working Capital
- 14
- Contingent Liabilities
- 1
- Book Value per Share
- 2.74
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 20
- 17
- 6
- Trade Payables
- 3
- 5
- Total Liabilities
- 51
- 15
- Capital Work in Progress
- 0
- 16
- 0
- Cash & Bank
- 0
- 20
- Total Assets
- 51
- Total Debt
- 9
- Net Working Capital
- 22
- Contingent Liabilities
- 1
- Book Value per Share
- 3.70
- Face Value
- 2.00
- Total Debt
- 9
- Net Working Capital
- 22
- Contingent Liabilities
- 1
- Book Value per Share
- 3.70
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 21
- 29
- 7
- Trade Payables
- 8
- 9
- Total Liabilities
- 74
- 19
- Capital Work in Progress
- 8
- 22
- 16
- Cash & Bank
- 4
- 5
- Total Assets
- 74
- Total Debt
- 11
- Net Working Capital
- 25
- Contingent Liabilities
- 1
- Book Value per Share
- 4.81
- Face Value
- 2.00
- Total Debt
- 11
- Net Working Capital
- 25
- Contingent Liabilities
- 1
- Book Value per Share
- 4.81
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 24
- 74
- 6
- Trade Payables
- 10
- 32
- Total Liabilities
- 146
- 37
- Capital Work in Progress
- 18
- 23
- 17
- Cash & Bank
- 33
- 17
- Total Assets
- 146
- Total Debt
- 18
- Net Working Capital
- 67
- Contingent Liabilities
- 1
- Book Value per Share
- 8.26
- Face Value
- 2.00
- Total Debt
- 18
- Net Working Capital
- 67
- Contingent Liabilities
- 1
- Book Value per Share
- 8.26
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 2 | -1 | 2 | 3 | -3 | 1 | 5 | 10 | 6 | |
| Cash from Investing | -1 | -1 | -1 | -7 | -5 | -3 | -3 | -3 | -15 | -38 |
| Cash from Financing | -2 | -2 | 2 | 4 | 2 | 5 | 2 | -2 | 9 | 61 |
| 0 | -0 | 0 | -0 | 1 | -1 | 1 | -1 | 4 | 29 | |
| Free Cash Flow | 3 | -1 | -2 | -5 | -1 | -6 | -1 | 3 | -4 | -27 |
| OCF / Net Profit | 15.17 | 4.42 | -0.61 | 0.53 | 12.13 | -7.67 | 0.19 | 0.48 | 1.55 | 0.75 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -6 | -14 | -15 | -10 | -9 | -35 |
| OCF / Net Profit | 15.17 | 4.42 | -0.61 | 0.53 | 12.13 | -7.67 | 0.19 | 0.48 | 1.55 | 0.75 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -6 | -14 | -15 | -10 | -9 | -35 |
Mar 2016
- 3
- Cash from Investing
- -1
- Cash from Financing
- -2
- 0
- Free Cash Flow
- 3
- OCF / Net Profit
- 15.17
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 15.17
- Cumulative 5-Year FCF
- 0
Mar 2017
- 2
- Cash from Investing
- -1
- Cash from Financing
- -2
- -0
- Free Cash Flow
- -1
- OCF / Net Profit
- 4.42
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.42
- Cumulative 5-Year FCF
- 0
Mar 2018
- -1
- Cash from Investing
- -1
- Cash from Financing
- 2
- 0
- Free Cash Flow
- -2
- OCF / Net Profit
- -0.61
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.61
- Cumulative 5-Year FCF
- 0
Mar 2019
- 2
- Cash from Investing
- -7
- Cash from Financing
- 4
- -0
- Free Cash Flow
- -5
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 0
Mar 2020
- 3
- Cash from Investing
- -5
- Cash from Financing
- 2
- 1
- Free Cash Flow
- -1
- OCF / Net Profit
- 12.13
- Cumulative 5-Year FCF
- -6
- OCF / Net Profit
- 12.13
- Cumulative 5-Year FCF
- -6
Mar 2021
- -3
- Cash from Investing
- -3
- Cash from Financing
- 5
- -1
- Free Cash Flow
- -6
- OCF / Net Profit
- -7.67
- Cumulative 5-Year FCF
- -14
- OCF / Net Profit
- -7.67
- Cumulative 5-Year FCF
- -14
Mar 2022
- 1
- Cash from Investing
- -3
- Cash from Financing
- 2
- 1
- Free Cash Flow
- -1
- OCF / Net Profit
- 0.19
- Cumulative 5-Year FCF
- -15
- OCF / Net Profit
- 0.19
- Cumulative 5-Year FCF
- -15
Mar 2023
- 5
- Cash from Investing
- -3
- Cash from Financing
- -2
- -1
- Free Cash Flow
- 3
- OCF / Net Profit
- 0.48
- Cumulative 5-Year FCF
- -10
- OCF / Net Profit
- 0.48
- Cumulative 5-Year FCF
- -10
Mar 2024
- 10
- Cash from Investing
- -15
- Cash from Financing
- 9
- 4
- Free Cash Flow
- -4
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- -9
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- -9
Mar 2025
- 6
- Cash from Investing
- -38
- Cash from Financing
- 61
- 29
- Free Cash Flow
- -27
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- -35
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- -35
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 2.16 | 6.30 | 2.66 | 7.21 | 0.27 | 0.35 | 0.64 | 0.96 | 0.64 | 0.66 |
| Book Value (₹) | 28.05 | 33.39 | 18.03 | 25.32 | 17.34 | 18.54 | 2.74 | 3.70 | 4.81 | 8.26 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.34 | 0.40 | 0.30 | 0.64 | 0.23 | 0.24 | 0.88 | 1.24 | 0.97 | 1.03 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 10.63% | 12.00% | 15.52% | 17.47% | 9.82% | 9.36% | 13.21% | 17.83% | 11.62% | 13.24% |
| Net Margin % | 0.91% | 2.86% | 7.34% | 10.01% | 1.00% | 1.28% | 7.05% | 10.25% | 6.04% | 6.83% |
| ROE % | 8.01% | 20.50% | 23.60% | 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% | 13.10% |
| 1.43% | 5.02% | 13.60% | 23.97% | 1.15% | 1.33% | 14.45% | 18.21% | 10.60% | 7.14% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 42 | 34 | 41 | 35 | 53 | 42 | 42 | 64 | 53 | 52 |
| Inventory Days | 60 | 54 | 55 | 37 | 69 | 96 | 53 | 62 | 64 | 72 |
| Payable Days | 107 | 79 | 63 | 18 | 46 | 72 | 52 | 48 | 31 | 50 |
| -5 | 9 | 34 | 53 | 76 | 67 | 43 | 78 | 86 | 75 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 2.35x | 1.69x | 0.04x | 0.33x | 0.22x | 0.36x | 0.37x | 0.25x | 0.22x | 0.18x |
| Interest Coverage (x) | 1.35x | 2.52x | 9.27x | 14.57x | 1.72x | 2.46x | 10.53x | 12.77x | 7.81x | 7.39x |
| 1.13x | 1.08x | 3.91x | 2.41x | 2.49x | 1.83x | 1.67x | 2.71x | 2.22x | 3.99x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -40.55% | -10.41% | 29.14% | 101.24% | -34.00% | 11.43% | 186.77% | 4.30% | 19.53% | 4.53% |
| Operating Profit Growth % | -29.67% | 5.40% | 57.31% | 123.72% | -62.91% | 6.24% | 304.80% | 40.75% | -16.49% | 20.66% |
| Net Profit Growth % | -75.91% | 191.64% | 212.59% | 171.11% | -93.43% | 43.18% | 1479.87% | 51.51% | -29.55% | 18.27% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -33.42% | 3.67% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 25.21x | 48.31x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.35x | 3.89x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 12.70x | 22.02x |
Mar 2016
- EPS (₹)
- 2.16
- Book Value (₹)
- 28.05
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.34
- Operating Margin %
- 10.63%
- Net Margin %
- 0.91%
- ROE %
- 8.01%
- ROCE %
- 12.15%
- 1.43%
- Debtor Days
- 42
- Inventory Days
- 60
- Payable Days
- 107
- -5
- Debt to Equity (x)
- 2.35x
- Interest Coverage (x)
- 1.35x
- 1.13x
- Revenue Growth %
- -40.55%
- Operating Profit Growth %
- -29.67%
- Net Profit Growth %
- -75.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 6.30
- Book Value (₹)
- 33.39
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.40
- Operating Margin %
- 12.00%
- Net Margin %
- 2.86%
- ROE %
- 20.50%
- ROCE %
- 16.37%
- 5.02%
- Debtor Days
- 34
- Inventory Days
- 54
- Payable Days
- 79
- 9
- Debt to Equity (x)
- 1.69x
- Interest Coverage (x)
- 2.52x
- 1.08x
- Revenue Growth %
- -10.41%
- Operating Profit Growth %
- 5.40%
- Net Profit Growth %
- 191.64%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 2.66
- Book Value (₹)
- 18.03
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.30
- Operating Margin %
- 15.52%
- Net Margin %
- 7.34%
- ROE %
- 23.60%
- ROCE %
- 26.68%
- 13.60%
- Debtor Days
- 41
- Inventory Days
- 55
- Payable Days
- 63
- 34
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 9.27x
- 3.91x
- Revenue Growth %
- 29.14%
- Operating Profit Growth %
- 57.31%
- Net Profit Growth %
- 212.59%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 7.21
- Book Value (₹)
- 25.32
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.64
- Operating Margin %
- 17.47%
- Net Margin %
- 10.01%
- ROE %
- 33.26%
- ROCE %
- 41.31%
- 23.97%
- Debtor Days
- 35
- Inventory Days
- 37
- Payable Days
- 18
- 53
- Debt to Equity (x)
- 0.33x
- Interest Coverage (x)
- 14.57x
- 2.41x
- Revenue Growth %
- 101.24%
- Operating Profit Growth %
- 123.72%
- Net Profit Growth %
- 171.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 0.27
- Book Value (₹)
- 17.34
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.23
- Operating Margin %
- 9.82%
- Net Margin %
- 1.00%
- ROE %
- 1.69%
- ROCE %
- 4.24%
- 1.15%
- Debtor Days
- 53
- Inventory Days
- 69
- Payable Days
- 46
- 76
- Debt to Equity (x)
- 0.22x
- Interest Coverage (x)
- 1.72x
- 2.49x
- Revenue Growth %
- -34.00%
- Operating Profit Growth %
- -62.91%
- Net Profit Growth %
- -93.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 0.35
- Book Value (₹)
- 18.54
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.24
- Operating Margin %
- 9.36%
- Net Margin %
- 1.28%
- ROE %
- 2.04%
- ROCE %
- 3.61%
- 1.33%
- Debtor Days
- 42
- Inventory Days
- 96
- Payable Days
- 72
- 67
- Debt to Equity (x)
- 0.36x
- Interest Coverage (x)
- 2.46x
- 1.83x
- Revenue Growth %
- 11.43%
- Operating Profit Growth %
- 6.24%
- Net Profit Growth %
- 43.18%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.64
- Book Value (₹)
- 2.74
- Dividend per Share (₹)
- 0.02
- Cash EPS (₹)
- 0.88
- Operating Margin %
- 13.21%
- Net Margin %
- 7.05%
- ROE %
- 26.16%
- ROCE %
- 28.43%
- 14.45%
- Debtor Days
- 42
- Inventory Days
- 53
- Payable Days
- 52
- 43
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 10.53x
- 1.67x
- Revenue Growth %
- 186.77%
- Operating Profit Growth %
- 304.80%
- Net Profit Growth %
- 1479.87%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 0.96
- Book Value (₹)
- 3.70
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.24
- Operating Margin %
- 17.83%
- Net Margin %
- 10.25%
- ROE %
- 29.91%
- ROCE %
- 33.41%
- 18.21%
- Debtor Days
- 64
- Inventory Days
- 62
- Payable Days
- 48
- 78
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 12.77x
- 2.71x
- Revenue Growth %
- 4.30%
- Operating Profit Growth %
- 40.75%
- Net Profit Growth %
- 51.51%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 0.64
- Book Value (₹)
- 4.81
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.97
- Operating Margin %
- 11.62%
- Net Margin %
- 6.04%
- ROE %
- 15.42%
- ROCE %
- 19.26%
- 10.60%
- Debtor Days
- 53
- Inventory Days
- 64
- Payable Days
- 31
- 86
- Debt to Equity (x)
- 0.22x
- Interest Coverage (x)
- 7.81x
- 2.22x
- Revenue Growth %
- 19.53%
- Operating Profit Growth %
- -16.49%
- Net Profit Growth %
- -29.55%
- -33.42%
- P/E (x)
- 25.21x
- P/B (x)
- 3.35x
- Dividend Yield %
- 0.00%
- 12.70x
Mar 2025
- EPS (₹)
- 0.66
- Book Value (₹)
- 8.26
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.03
- Operating Margin %
- 13.24%
- Net Margin %
- 6.83%
- ROE %
- 10.65%
- ROCE %
- 13.10%
- 7.14%
- Debtor Days
- 52
- Inventory Days
- 72
- Payable Days
- 50
- 75
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 7.39x
- 3.99x
- Revenue Growth %
- 4.53%
- Operating Profit Growth %
- 20.66%
- Net Profit Growth %
- 18.27%
- 3.67%
- P/E (x)
- 48.31x
- P/B (x)
- 3.89x
- Dividend Yield %
- 0.00%
- 22.02x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-14 - Tirupati Forge Limited has informed the Exchange about Copy of Newspaper Publication
- Outcome of Board Meeting
2026-08-13 - Tirupati Forge Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
Annual Reports
Credit Ratings
Nothing filed yet.