Tirupati Forge Share Price

48.36-0.35 (-0.70%)

NSE

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As On: 25 Jun, 2026, 03:54 PM IST
As On:

Sector: Auto Ancillarie...
Industry: Auto Ancl - Others

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Open	48.00
High	49.99
Low	48.00
Prev Close	48.70
Volume	3,15,933
VWAP(₹)	48.93

Share Price	Value
Today/Current/Last	48.36-
Previous Day	48.70-

Tirupati Forge Share Recommendations

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News & Analysis

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Share Analysis

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Financials

Income (P&L)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	43.04	49.26	40.73	32.92	27.93
Total Income Growth (%)	-12.62	20.95	23.71	17.86	5.24
Total Expenses	40.17	45.65	38.23	30.29	25.79
Total Expenses Growth (%)	-12.02	19.41	26.23	17.44	5.35
EBIT	2.87	3.60	2.49	2.63	2.14
EBIT Growth (%)	-20.25	44.45	-5.27	22.85	3.94
Profit after Tax (PAT)	1.52	2.02	1.34	1.41	1.30
PAT Growth (%)	-24.77	50.77	-4.85	8.68	-1.17
EBIT Margin (%)	6.67	7.31	6.12	8.00	7.67
Net Profit Margin (%)	3.54	4.11	3.29	4.28	4.64
Basic EPS (₹)	0.12	0.16	0.11	0.12	0.11

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	165.94	116.30	110.93	93.84	89.30
Total Revenue Growth (%)	42.69	4.84	18.21	5.08	188.33
Total Expenses	157.39	105.78	101.99	81.21	80.95
Total Expenses Growth (%)	48.79	3.71	25.59	0.32	166.04
Profit after Tax (PAT)	6.30	7.86	6.64	9.43	6.22
PAT Growth (%)	-19.86	18.27	-29.55	51.51	1,479.87
Operating Profit Margin (%)	7.14	10.57	9.31	14.88	10.45
Net Profit Margin (%)	3.87	6.83	6.03	10.24	7.05
Basic EPS (₹)	0.51	0.74	0.67	0.96	0.64

All figures in Rs Cr, unless mentioned otherwise

Insights

Beating 3 Yr Revenue CAGR
Company's annual revenue growth of 42.69% outperformed its 3 year CAGR of 20.7%. (Source: Standalone Financials)
Employee & Interest Expense
Company has spent 1.88% of its operating revenues towards interest expenses and 5.41% towards employee cost in the year ending Mar 31, 2026. (Source: Standalone Financials)

View Details

Balance Sheet

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	203.79	145.93	74.30	51.28	52.46
Total Assets Growth (%)	39.65	96.41	44.89	-2.25	55.71
Total Liabilities	70.39	38.87	24.39	15.05	25.65
Total Liabilities Growth (%)	81.09	59.37	62.06	-41.33	98.38
Total Equity	133.40	107.06	49.92	36.24	26.81
Total Equity Growth (%)	24.60	114.46	37.75	35.17	29.14
Current Ratio (x)	1.82	3.99	2.22	2.71	1.67
Total Debt to Equity (x)	0.26	0.17	0.22	0.25	0.37
Contingent Liabilities	0.00	15.20	5.24	2.20	1.00

All figures in Rs Cr, unless mentioned otherwise

View Details

Cash Flows

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	16.09	5.85	10.31	4.48	1.22
Net Cash used in Investing Activities	-75.15	-38.00	-14.70	-3.34	-2.90
Net Cash flow from Financing Activities	32.48	60.78	8.79	-1.90	2.42
Net Cash Flow	-26.57	28.64	4.40	-0.76	0.74
Closing Cash & Cash Equivalent	6.56	33.13	4.49	0.09	0.85
Closing Cash & Cash Equivalent Growth (%)	-80.21	637.79	4,743.91	-89.14	649.60
Total Debt/ CFO (x)	2.14	3.02	1.07	2.05	8.04

All figures in Rs Cr, unless mentioned otherwise

Insights

Increase in Cash from Investing
Company has used Rs 75.15 cr for investing activities which is an YoY increase of 97.76%. (Source: Standalone Financials)

View Details

Ratios

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	4.71	7.33	13.30	26.01	23.21
Return on Capital Employed (%)	7.09	9.83	19.14	35.54	29.75
Return on Assets (%)	3.08	5.38	8.93	18.38	11.86
Interest Coverage Ratio (x)	6.34	10.05	10.44	15.30	13.31
Asset Turnover Ratio (x)	0.93	1.04	1.75	1.77	2.05
Price to Earnings (x)	81.97	48.54	25.25	9.46	16.78
Price to Book (x)	3.84	3.54	3.35	2.46	3.89
EV/EBITDA (x)	27.97	22.02	12.70	5.99	9.72
EBITDA Margin (%)	11.89	14.37	12.45	17.82	13.21

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Peer Comparison

Ratio Performance

NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
Tirupati Forge	99.25	4.68	4.71	7.09	3.08	20.70	7.14	3.87	0.51	1.82	0.26	2.14
Pradeep Metals	31.99	5.91	18.47	24.84	9.48	7.97	13.91	8.97	17.57	1.51	0.46	2.32
Munjal Auto Ind	21.54	2.02	8.61	12.80	2.76	5.16	4.03	2.01	4.02	1.26	0.54	5.59
Sterling Tools	31.10	1.73	5.57	8.10	3.57	2.68	5.79	3.54	8.10	1.97	0.25	2.35
Investment & Precision Castings	70.50	8.08	11.46	18.21	5.43	3.57	12.52	6.24	11.76	1.20	0.68	2.72
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Annual Ratios (%)

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Automotive Stamp
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Autoline Ind
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Stock Performance

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NAME	1D	1W	1M	3M	1Y	3Y	5Y
Tirupati Forge Stock Performance	-0.70	16.81	8.28	27.57	20.96	414.47	1480.39
Pradeep Metals Stock Performance	2.89	41.00	49.40	0.00	0.00	0.00	0.00
Munjal Auto Ind Stock Performance	-1.44	3.47	16.20	16.58	17.91	112.31	55.12
Sterling Tools Stock Performance	-6.93	9.01	-3.92	6.42	-21.22	-28.44	32.32
Investment & Precision Castings Stock Performance	6.51	32.27	21.75	0.00	0.00	0.00	0.00
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Category	No. of Shares	Percentage	% Change QoQ
Promoters	6,20,65,757	49.01 %	0.07
Pledge	0	0.00 %	0.00
FII	9,87,205	0.78 %	0.76
Others	6,35,77,038	50.21 %	-0.83

Category	Mar 2026	Dec 2025	Sep 2025	Jun 2025
Promoters	49.01	48.93	48.10	49.31
Pledge	0.00	0.00	0.00	0.00
FII	0.78	0.02	0.02	0.02
DII	0.00	0.00	0.00	0.00
Mutual Funds	0.00	0.00	0.00	0.00
Others	50.21	51.05	51.87	50.66

Mutual Funds Ownership

No Data Available

Corporate Actions

Recent
Board Meeting
Audited Results & Others
May 12, 2026
Board Meeting
Quarterly Results
Jan 27, 2026
Board Meeting
Quarterly Results
Oct 31, 2025

Board Meetings

Announced on	Meeting on
May 12, 2026	May 18, 2026
Audited Results & Others
Jan 27, 2026	Feb 10, 2026
Quarterly Results
Oct 31, 2025	Nov 11, 2025
Quarterly Results
Oct 17, 2025	Oct 17, 2025
Allotment of Equity shares
Jul 28, 2025	Aug 11, 2025
Quarterly Results

Dividends
Announced on Ex-Date Dividend%
Aug 03, 2021 Aug 12, 2021 1%
Aug 03, 2021 Aug 12, 2021 1%
Bonus
Announced on Ex-Date
Aug 26, 2021 Oct 07, 2021
Bonus Ratio: 3 share(s) for every 4 shares held
Aug 20, 2019 Oct 03, 2019
Bonus Ratio: 6 share(s) for every 10 shares held
Splits
Announced on Ex-Date
Aug 26, 2021 Oct 07, 2021
Split: Old FV10.0| New FV:2.0
Rights
No Data Available

Announced on	Ex-Date	Dividend%
Aug 03, 2021	Aug 12, 2021	1%
Aug 03, 2021	Aug 12, 2021	1%

Announced on	Ex-Date
Aug 26, 2021	Oct 07, 2021
Bonus Ratio: 3 share(s) for every 4 shares held
Aug 20, 2019	Oct 03, 2019
Bonus Ratio: 6 share(s) for every 10 shares held

Announced on	Ex-Date
Aug 26, 2021	Oct 07, 2021
Split: Old FV10.0\| New FV:2.0

AGM/EGM Meetings

Announced on	Meeting on
Aug 10, 2024	Sep 27, 2024
Book closure from Sep 21, 2024 to Sep 27, 2024
Jul 29, 2023	Sep 15, 2023
Annual General Meeting
Aug 11, 2018	Sep 14, 2018
Book closure from Sep 8, 2018 to Sep 14, 2018

About Tirupati Forge

Tirupati Forge Ltd., incorporated in the year 2012, is a Small Cap company (having a market cap of Rs 624.76 Crore) operating in Auto Ancillaries sector.

Tirupati Forge Ltd. key Products/Revenue Segments include Forgings, Scrap, Export Incentives, Job Work, Other Services for the year ending 31-Mar-2025.

For the quarter ended 31-03-2026, the company has reported a Standalone Total Income of Rs 43.04 Crore, down 12.62 % from last quarter Total Income of Rs 49.26 Crore and up 54.09 % from last year same quarter Total Income of Rs 27.93 Crore. Company has reported net profit after tax of Rs 1.52 Crore in latest quarter.

The company’s top management includes Mr.Hiteshkumar G Thummar, Mr.Bhavesh T Barsiya, Mrs.Darshna H Thummar, Mrs.Jagruti Nitinkumar Erda, Mr.Malappa Belari, Ms.Smita Sachin Ravani, Mr.Atul L Natu, Mr.Milan Sakhiya. Company has Kamlesh Rathod & Associates as its auditors. As on 31-03-2026, the company has a total of 12.66 Crore shares outstanding.

Tirupati Forge Share Price Today is Rs. 48.36. On previous day, the Tirupati Forge Share Price (NSE) closed at Rs. 48.7, featuring among the most traded securities on the National Stock Exchange.

Shareholdings:
As of 31st Mar, 2026, the promoter held 49.01% of the stake in Tirupati Forge shares, out of which 0.0% was pledged. On the same date, foreign institutional investors' (FII) holdings of Tirupati Forge stocks was 0.78% as compared to 0.02% in Dec 2025 with increase of 0.76%. The domestic institutional investors (DII) holdings on 31st Mar, 2026 was 0.0% as compared to 0.0% in Dec 2025 with decrease of 0.0%. Out of the total DII holdings in Tirupati Forge shares 0.0% was held by mutual funds. The rest including public held is 50.21%. Tirupati Forge stock price is reflected on both the exchanges - BSE and NSE.

Dividend, Bonus & Split Information:
Tirupati Forge Dividend: Ever since 2012, Tirupati Forge dividends has been paid out around 2 times. As on 25 Jun, 2026, 03:54 PM IST, The overall dividend yield for Tirupati Forge stands at 0.0%. The last dividend paid was on August 12, 2021 (Rs. 0.1). The Earnings Per Share (EPS) for quarter ending 31st Mar 2026 is Rs. 0.49.

Tirupati Forge Bonus: The most recent bonus issue had been in year October 7, 2021 around 4 years ago at 4 : 3 ratio. The first bonus issue was announced in Aug 2019.

Stock Forecast:
After showing 43.04 Cr. of sales and 12.62% of quarterly net loss, there have been multiple ups and downs in the Tirupati Forge stock prices in the past few weeks. For example, Tirupati Forge stock price on 19th of June 2026 was around Rs. 47.16. Tirupati Forge share price now stands at an average of Rs. 48.36. Judging by last week's performance, stock is in up trend.

Tirupati Forge has a median target price of Rs. 0.0 in 12 months by 0 analysts. They have provided a high estimate of Rs. 0.0 and low estimate of Rs. 0.0 for Tirupati Forge share.

Historical Prices and Performance:
Tirupati Forge, incorporated in 2012 is a Small Cap company (with a market cap of Rs. 624.76) operating in Auto Ancillaries sector.
The Return of Equity (ROE) in last five financial years given by Tirupati Forge stock was 4.71%, 7.33%, 13.3%, 26.01% and 23.21% respectively.
The Tirupati Forge share gave a 3 year return of 520.0% as compared to Nifty 50 which gave a return of 28.88%.
Tirupati Forge announced 1.0% final dividend on August 12, 2021.

Key Metrics:
PE Ratio of Tirupati Forge is 99.25
Prices/Sales Ratio of Tirupati Forge is 3.15
Price/Book Ratio of Tirupati Forge is 4.68

Peer Insights:
Peers are businesses with comparable activities, buisness objectives and affiliation with a particular industry area. For Tirupati Forge, major competitors and peers include Pradeep Metals, Munjal Auto Ind, Sterling Tools and Investment & Precision Castings. As of Dec 2025, the dividend yield of Tirupati Forge stands at 0.0% while Pradeep Metals, Munjal Auto Ind, Sterling Tools and Investment & Precision Castings stand at 0.44%, 1.06%, 1.1% and 0.12% respectively. The PE ratio and PB Ratio of the company are among its competitors stand at 99.25 and 4.68 respectively.

Leadership of Tirupati Forge :
Milan Sakhiya is Co. Secretary & Compl. Officer
Atul L Natu is Chief Financial Officer
Hiteshkumar G Thummar is Chairman & Managing Director
Bhavesh T Barsiya is Whole Time Director
Darshna H Thummar is Non Executive Director
Smita Sachin Ravani is Independent Director
Malappa Belari is Independent Director
Jagruti Nitinkumar Erda is Independent Director

Industry

Auto Ancl - Others

Key Indices Listed On

-

Address

Plot No. 1-5, Survey No. 92/1,Near Shan Cement,Rajkot Dist., Gujarat - 360311

Contact

info@tirupatiforge.com

http://www.tirupatiforge.com

PE Ratio(x)	99.25
EPS - TTM(₹)	0.49
MCap(₹ Cr.)	624.76
MCap Rank	69
PB Ratio(x)	4.71
Div Yield(%)	-
Face Value(₹)	2.00
52W High(₹)	52.00
52W Low(₹)	30.11
MCap/Sales	3.15
Beta(1 Month)	1.07
BV/Share(₹)	10.33

1 Day	-0.7%
1 Month	10.44%
3 Months	12.67%
1 Year	8.6%
3 Years	528.05%
5 Years	1276.09%

R1	-	Pivot -	S1	-
R2	-		S2	-
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Tirupati Forge Share Price

Key Metrics