



Castings, Forgings & Fastners | Small Cap
Tirupati Forge Ltd, operating within the General Industrials (Capital Goods) sector, demonstrates a mixed financial performance. The company shows strong solvency and growth, driven by effective debt management, substantial revenue and asset growth. Its coverage ratios are also robust. However, there are areas of concern, particularly in liquidity and profitability. Low cash ratios and tight operating margins impact the company's short-term financial flexibility. While asset turnover is reasonable, weaknesses in inventory management and receivable collection cycles affect efficiency. Overall, the company exhibits potential for growth, but requires better management of working capital and enhanced profitability to achieve a more balanced financial profile. Furthermore, negative EPS growth is a concern that needs to be addressed.
Tirupati Forge Ltd, operating within the General Industrials (Capital Goods) sector, demonstrates a mixed financial performance. The company shows strong solvency and growth, driven by effective debt management, substantial revenue and asset growth. Its coverage ratios are also robust. However, there are areas of concern, particularly in liquidity and profitability. Low cash ratios and tight operating margins impact the company's short-term financial flexibility. While asset turnover is reasonable, weaknesses in inventory management and receivable collection cycles affect efficiency. Overall, the company exhibits potential for growth, but requires better management of working capital and enhanced profitability to achieve a more balanced financial profile. Furthermore, negative EPS growth is a concern that needs to be addressed.
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P/E RATIO (TTM)
80.77
Industry Median
29.81
Small Cap Median
28.73
P/E RATIO
57.52
P/B RATIO
3.89
Industry Median
4.45
Small Cap Median
4.37
P/S RATIO
N/A
Industry Median
2.73
Small Cap Median
2.61
Others
PEG RATIO
0.61
EV/EBITDA RATIO
27.69
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹37.96 as on Feb 20, 2026.
The company demonstrates strong growth, driven by substantial revenue and asset growth. This suggests a positive trajectory and effective market penetration. However, negative earnings per share (EPS) growth is a concern that needs to be addressed. Focusing on sustainable and profitable growth strategies will be crucial for long-term success. The company should channel its high growth into profitability to make sure it is sustainable.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 183.87 | 4.55 | 19.57 | 4.55 | 40.87 |
| Operating Profit Growth Rate | 266.67 | 36.36 | -13.33 | 15.38 | 6.67 |
| Earnings Per Share (EPS) Growth | 1475 | 52.38 | -33.33 | 3.13 | -24.24 |
| Asset Growth Rate | 52.94 | -1.92 | 45.1 | 97.3 | 39.73 |
| Net Income Growth Rate | 50 | -22.22 | 14.29 | -25 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Tirupati Forge Ltd | 6.34 | 57.52 | Neutral | 17.00 | 0.47 | 6.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Hour Timeframe
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
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Tirupati Forge Ltd is an Indian manufacturer and exporter of various forged products, primarily specializing in steel flanges, forged fittings, and custom-forged components. Catering to diverse sectors such as oil & gas, petrochemicals, power generation, and general engineering, the company is known for its quality products and adherence to international standards.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Tirupati Forge Ltd's P/E ratio (TTM) is 80.77, compared to the industry median of 29.81 and large cap median of 28.73.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Tirupati Forge Ltd's P/B ratio is 3.89, compared to the industry median of 4.45 and large cap median of 4.37.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Tirupati Forge Ltd's P/S ratio is 2.34, compared to the industry median of 2.73 and large cap median of 2.61.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Tirupati Forge Ltd's PEG ratio is 0.61.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Tirupati Forge Ltd's EV/EBITDA ratio is 27.69.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Tirupati Forge Ltd's ROE is 4.51%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Tirupati Forge Ltd's ROA is 7.84%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Tirupati Forge Ltd's ROCE is 8%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Tirupati Forge Ltd's operating margin is 9.88%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Tirupati Forge Ltd's net margin is 3.70%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Tirupati Forge Ltd's current ratio is 2.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Tirupati Forge Ltd's debt-to-equity ratio is 0.23.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Tirupati Forge Ltd's interest coverage ratio is 4.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Tirupati Forge Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Tirupati Forge Ltd's EPS is -24.24.
(Source line: "Ratios as of 11 Oct 2026, based on last traded price of ₹37.96. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 2014
Headquarters: Rajkot, Gujarat
Core Offerings: Forged Flanges, Forged Fittings, Custom Forged Components
Stock Listing: NSE (TIRUPATIFL), BSE ({bse})
Promoter: Gondalia Family / Mr. Hitesh P. Gondalia & Mr. Suresh M. Gondalia
Tirupati Forge Ltd was incorporated on February 14, 2014, with a focus on manufacturing and exporting forged products. The company began its journey by establishing a strong presence in the domestic and international markets for its quality steel flanges and fittings. In 2017, it successfully listed on the BSE SME platform, enabling capital raising for expansion. Later, the company migrated to the main board of BSE, signifying its growth and increased market capitalization, continuing its focus on product diversification and market reach.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Forged Products Manufacturing | 100% | Operating Profit |
Forged Products Manufacturing: This segment encompasses the production of a wide range of forged items, including steel flanges (Weld Neck, Slip-On, Blind, Socket Weld, Threaded, Lap Joint), forged fittings (Elbows, Tees, Reducers, Caps), and custom-forged components as per client specifications.
The manufacturing process involves high-quality raw materials like carbon steel, stainless steel, and alloy steel, utilizing advanced forging techniques and heat treatment processes.
Products are primarily supplied to industries requiring high-pressure, high-temperature, and corrosive-resistant piping and structural components, both domestically and for export.
Mr. Hitesh P. Gondalia (Chairman & Managing Director): A seasoned entrepreneur with significant experience in the forging and manufacturing industry, he plays a pivotal role in the company's strategic direction and growth.
No major subsidiaries reported.
Bonus Issue in 1:1 ratio declared on November 27, 2023.
The Tirupati Forge Ltd share price today is ₹37.96 on NSE (TIRUPATIFL), as of 11 Oct 2026.
As of 11 Oct 2026, Tirupati Forge Ltd share price is ₹37.96, with previous close ₹37.96. Today's range is ₹37.96 to ₹37.96. The 52-week range is ₹N/A to ₹N/A.
As of today, Tirupati Forge Ltd's market cap is ₹470.7 crore (Small Cap).
Tirupati Forge Ltd's current P/E ratio is 80.77, compared to the General Industrials (Capital Goods) sector average of 36.
Tirupati Forge Ltd's current P/B ratio is 3.89.
Tirupati Forge Ltd's current dividend yield is N/A. Last dividend of ₹0.50 per share was declared on 21-Sep-2023.
Tirupati Forge Ltd's EPS (TTM) is ₹-24.24.
Tirupati Forge Ltd is an Indian manufacturer and exporter of various forged products, primarily specializing in steel flanges, forged fittings, and custom-forged components. Catering to diverse sectors such as oil & gas, petrochemicals, power generation, and general engineering, the company is known for its quality products and adherence to international standards.
Tirupati Forge Ltd is promoted by Gondalia Family / Mr. Hitesh P. Gondalia & Mr. Suresh M. Gondalia, holding 49.75% as of 11 Oct 2026.
Tirupati Forge Ltd is listed on NSE (TIRUPATIFL) and BSE ({bse}). Its next quarterly results are expected on August 2024 (for Q1 FY25).