Skip to content
thestock.space

On 6 Nov 2026, Tirupati Forge was priced at ₹66.04, or 137.6× trailing earnings, against an industry P/E of 25.1×, and the shares are 21% below their 52-week high. It earns ROCE of 6.9% and ROE of 6.5%, and sales grew 21% a year over 3 years while net profit fell 13%. Debt is 0.31× equity. It is a small-cap company with a market cap of ₹836 Cr, ranked 32nd of 71 Metal Fabrication companies by market cap; the shares rose 77% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹71.54
Day high
₹71.54
Day low
₹65.00
Prev. close
₹68.14
Volume
3.5 L

Health check

1 good · 2 fair · 3 to check
  • ReturnsAhead

    +76.8% over a year, better than 6 of 7 peers.

  • Price tagPricier

    P/E 137.6 vs industry 25.1.

  • GrowthSteady

    Sales +21.4%, profit −12.6% a year over 3 years.

  • ProfitabilityWeak

    ROCE 6.9% vs peer median 15.6%.

  • Balance sheetFair

    Debt 0.31× equity, interest covered 4.1×.

  • Red flags3 to check

    Return on equity is low at 6.5%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Metal Fabrication

70 listed peers. Screen the industry

Small cap

₹836 Cr, #32 of 71 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹185 Cr · profit ₹9 Cr
Market cap
₹836 Cr
Small cap
P/E
137.6
Industry 25.1
Price to book
5.59
Peers 7.00
Dividend yield
0.00%
ROE
6.5%
Peers 8.6%
ROCE
6.9%
Peers 15.6%
Debt to equity
0.31
Debt ₹48 Cr
EPS (TTM)
₹0.48
Face value ₹2
OPM (TTM)
9.8%
Net margin 4.8%
Sales growth
+18.0%
Latest quarter vs a year ago
Profit growth
−13.6%
Latest quarter vs a year ago
Price to sales
4.51
EV/EBITDA 47.5

Strengths and risks

Strengths

  • Quarterly sales up 18.0% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 6.5%.
  • Quarterly profit down 13.6% on a year ago.
  • P/E of 137.6 against an industry P/E of 25.1.

Derived automatically from reported figures. Not a recommendation.

About Tirupati Forge

Tirupati Forge Limited produces and sells carbon steel forged flanges, forged, and other automotive components in India. The company provides slip-on, weld-neck, blind, lap-joint, threaded, din, and socket weld flanges; and elbow, tee, cross, coupling, half coupling, cap, plug, bushing, union, hex, nipple, and swag nipple forged pipe fittings. It also offers forged auto parts, gears, hammer unions, and seamless rolled rings. The company offers its…

Headquarters
Rajkot
Employees
189
Sector
Industrials
ISIN
INE319Y01024
Website
tirupatiforge.com

Price range

52 weeks

₹30.11₹83.90

Today

₹65.00₹71.54
Avg volume (3M)
2.2 L
1-year return
plus 76.8%
From 52-week high
minus 21.3%

Peers · Metal Fabrication

Compare with peersScreen the whole industry
Company
BHARATFORGBharat Forge1,740.00minus 0.74%85,029121.87.2315.6%6.7%14.7%9.7%26.9%0.49%plus 32.3%
INDOMIMINDO-MIM1,219.50minus 3.93%60,302101.120.9422.8%21.3%28.6%15.8%4.9%0.00%plus 64.4%
PTCILPTC Industries24,335.00plus 0.04%38,564290.623.737.9%8.6%24.6%40.7%57.8%0.00%plus 41.4%
ZETWERKZetwerk Manufacturing Businesses164.89minus 1.10%27,937–−2.47−13.0%−36.0%0.1%56.9%–0.00%plus 19.3%
HAPPYFORGEHappy Forgings1,694.50minus 10.00%15,99649.07.0018.9%15.2%30.6%9.8%13.1%0.24%plus 85.8%
RKFORGERamkrishna Forgings693.85minus 4.25%13,08768.43.514.7%5.6%17.1%10.5%−33.9%0.58%plus 35.6%
GRAVITAGravita India1,493.90minus 0.07%10,88327.34.1118.1%16.2%9.3%14.9%23.5%0.52%minus 15.4%
TIRUPATIFLTirupati Forge66.04minus 3.08%836137.65.59–4.1%9.8%21.4%−12.6%0.00%plus 76.8%
Median of 7 peers–−1.10%27,93784.77.0015.6%8.6%17.1%14.9%18.3%0.24%35.6%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
32.339.748.641.938.1
28.636.443.538.133.7
3.73.25.13.94.4
11.4%8.2%10.5%9.2%11.5%
0.610.71.20.3
0.70.70.90.80.9
1.71.82.12.12.1
00–−0–
1.91.82.72.11.7
25.8%27.2%26.1%26.6%26.6%
1.41.321.51.2
0.120.110.160.120.09

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+21.4%
Profit CAGR 3Y
−12.6%
EPS CAGR 3Y
−19.5%
ROE
6.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
83.398.6103149
–+18.3%+4.5%+44.7%
68.782.787.8133
14.615.915.215.9
17.5%16.1%14.8%10.6%
1.2−2.813.2
0.811.42.8
2.73.54.47.7
0.30.200
12.68.910.58.6
25.3%25.7%25.3%26.4%
9.46.67.96.3
–minus 29.6%+18.3%minus 19.9%
0.960.670.730.50

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
19.620.723.725.3
16.629.283.4108
10.113.126.241.5
4.911.212.728.8
51.374.3146204
15.426.855.4124
0.27.718.466.6
––1.33.6
0.14.46.76.4
35.735.564.23.5
51.374.3146204

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
4.510.35.916.1
−3.4−14.7−38−75.1
−1.98.860.832.5
−0.84.428.6−26.6
−4−15.2−49.2−76.8
0.5−4.9−43.4−60.7

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company.

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you