As of 6 Nov 2026, Tirupati Sarjan trades at 5.3× trailing earnings, below the industry P/E of 22.1×, and the shares are 39% below their 52-week high. Sales and net profit grew 11% and 16% a year over 3 years, with ROCE of 7.8% and ROE of 5.2%. Debt is 0.43× equity. It is a small-cap company with a market cap of ₹26 Cr, ranked 89th of 112 Real Estate (Development) companies by market cap; the shares fell 36% over the past year.
- ₹8.20
- ₹8.24
- ₹7.82
- ₹8.20
- 600
Health check
- ReturnsBehind
−35.5% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 5.3 vs industry 22.1.
- GrowthSlow
Sales +11.4%, profit +16.2% a year over 3 years.
- ProfitabilityWeak
ROCE 7.8% vs peer median 10.4%.
- Balance sheetFair
Debt 0.43× equity, interest covered 2.9×, Piotroski 8 of 9.
- Red flags3 to check
Return on equity is low at 5.2%.
Small cap
Defensive
Key metrics
- Market cap
- ₹26 Cr
- Small cap
- P/E
- 5.3
- Industry 22.1
- Price to book
- 0.28
- Peers 2.88
- Dividend yield
- 0.00%
- ROE
- 5.2%
- Peers 11.1%
- ROCE
- 7.8%
- Peers 10.4%
- Debt to equity
- 0.43
- Debt ₹40 Cr
- EPS (TTM)
- ₹1.52
- OPM (TTM)
- 5.0%
- Net margin 2.3%
- Sales growth
- +6.9%
- Latest quarter vs a year ago
- Profit growth
- +27.7%
- Latest quarter vs a year ago
- Price to sales
- 0.12
- EV/EBITDA 5.2
Strengths and risks
Strengths
- Quarterly profit up 27.7% on a year ago.
- P/E of 5.3 against an industry P/E of 22.1.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 5.2%.
- 39% below its 52-week high.
- Interest coverage of only 2.6×.
About Tirupati Sarjan
Tirupati Sarjan Limited engages in the civil construction and real estate development businesses in India. The company is involved in the development of residential, commercial, and government projects. It also constructs hospitals and colleges; and develops roads and canal bridges, etc. The company was formerly known as Tirupati Housing And Finance Limited and changed its name to Tirupati Sarjan Limited in January 1996. Tirupati Sarjan Limited was…
- Headquarters
- Ahmedabad
- Employees
- 102
- Sector
- Real Estate
- ISIN
- INE297J01023
- Website
- tirupatisarjan.com
Price range
- Avg volume (3M)
- 5.8K
- 1-year return
- minus 35.5%
- From 52-week high
- minus 38.5%
Peers · Real Estate - Development
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLFDLF | 752.90 | plus 1.03% | 1,86,366 | 40.8 | 127.6 | 6.3% | 15.3% | 0.01 | 11.3% | minus 3.8% |
| LODHALodha Developers | 1,179.00 | plus 0.27% | 1,17,812 | 27.1 | 25.2 | 18.2% | 33.1% | 0.41 | 20.4% | minus 3.9% |
| OBEROIRLTYOberoi Realty | 1,739.00 | minus 0.13% | 63,230 | 24.0 | 18.8 | 16.7% | 57.5% | 0.14 | 12.9% | minus 2.2% |
| GODREJPROPGodrej Properties | 1,809.30 | minus 0.31% | 54,501 | 40.4 | – | 11.1% | −6.5% | 1.02 | 32.4% | minus 20.9% |
| BRIGADEBrigade Enterprises | 558.15 | minus 0.89% | 18,205 | 25.1 | 15.6 | 9.8% | 29.2% | 0.83 | 18.5% | minus 26.2% |
| ANANTRAJAnant Raj | 445.45 | minus 4.41% | 16,031 | 26.5 | 24.1 | 10.4% | 27.8% | 0.13 | 37.9% | minus 27.8% |
| SOBHASobha | 1,275.40 | minus 1.28% | 13,642 | 71.4 | 46.7 | 7.4% | 6.5% | 0.33 | 16.3% | minus 20.2% |
| TIRSARJTirupati Sarjan | 7.99 | minus 2.56% | 26 | 5.3 | 7.0 | 7.8% | 5.0% | 0.43 | 11.4% | minus 35.5% |
| Median of 7 peers | – | −0.31% | 54,501 | 27.1 | 24.7 | 10.4% | 27.8% | 0.33 | 18.5% | −20.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 30.5 | 37.5 | 68.8 | 79.5 | 32.6 | |
| 28.1 | 35 | 65.8 | 77.2 | 29.5 | |
| 2.4 | 2.5 | 3.1 | 2.2 | 3.1 | |
| 7.7% | 6.6% | 4.5% | 2.8% | 9.5% | |
| 0.3 | 0.2 | 0.1 | 0.9 | 0.1 | |
| 0.9 | 1.2 | 0.8 | 1 | 1 | |
| 0.3 | 0.2 | 0.4 | 0.3 | 0.3 | |
| – | 0.2 | – | −0.2 | – | |
| 1.5 | 1.4 | 2 | 1.7 | 1.9 | |
| 29.6% | 28.1% | 28.9% | 46.5% | 28.1% | |
| 1.1 | 1 | 1.4 | 1.2 | 1.4 | |
| 0.32 | 0.31 | 0.43 | 0.37 | 0.41 |
Profit & loss
- Sales CAGR 3Y
- +11.4%
- Profit CAGR 3Y
- +16.2%
- EPS CAGR 3Y
- +16.1%
- ROE
- 5.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 156 | 193 | 220 | 216 | |
| – | +23.2% | +14.5% | minus 1.9% | |
| 145 | 181 | 209 | 207 | |
| 11 | 11.7 | 11.1 | 9 | |
| 7.0% | 6.1% | 5.0% | 4.1% | |
| 1.2 | 1.7 | 1.8 | 2.4 | |
| 6.9 | 6 | 4.4 | 3.4 | |
| 1 | 1.3 | 1.1 | 1.1 | |
| −0 | – | −0 | −0.2 | |
| 4.2 | 6 | 7.4 | 6.6 | |
| 27.3% | 34.7% | 30.8% | 28.1% | |
| 3 | 3.9 | 5.2 | 4.7 | |
| – | +30.6% | +30.6% | minus 8.0% | |
| 0.92 | 1.20 | 1.56 | 1.44 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16.5 | 16.5 | 16.5 | 16.5 | |
| 63.6 | 67.6 | 72.7 | 77.5 | |
| 56.2 | 59.9 | 47.3 | 40.4 | |
| 71.6 | 74.3 | 58.8 | 51.8 | |
| 208 | 218 | 195 | 186 | |
| 25.1 | 14.9 | 13.6 | 14.9 | |
| 16.9 | 5.9 | – | 4.9 | |
| 7.1 | 12 | 68.9 | 13.8 | |
| 2.4 | 2.9 | 4.3 | 4.2 | |
| 156 | 183 | 108 | 148 | |
| 208 | 218 | 195 | 186 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.7 | 6.3 | 16.8 | 7.5 | |
| −6 | −3.3 | 1.6 | 2.4 | |
| −1 | −2.4 | −17 | −10.1 | |
| 0.7 | 0.5 | 1.4 | −0.2 | |
| −4.6 | −2.1 | −0.9 | −2.9 | |
| 3.1 | 4.2 | 15.9 | 4.6 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.