Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Tirupati Forge
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 23.39 | 20.88 | 23.65 | 32.36 | 33.11 | 29.06 | 32.28 | 26.14 | 27.50 | 32.30 | 39.67 | 48.60 | 41.91 |
| Expenses + | 19.87 | 18.48 | 20.72 | 28.39 | 29.62 | 24.38 | 27.45 | 23.55 | 24.40 | 28.62 | 36.44 | 43.51 | 38.05 |
| Operating Profit | 3.52 | 2.40 | 2.93 | 3.97 | 3.49 | 4.68 | 4.83 | 2.59 | 3.10 | 3.68 | 3.23 | 5.09 | 3.86 |
| OPM % | 15.05% | 11.49% | 12.39% | 12.27% | 10.54% | 16.10% | 14.96% | 9.91% | 11.27% | 11.39% | 8.14% | 10.47% | 9.21% |
| Other Income + | 0.33 | 0.11 | 0.25 | 0.14 | 0.42 | 0.19 | 0.30 | 0.40 | 0.43 | 0.62 | 1.06 | 0.66 | 1.13 |
| Interest | 0.22 | 0.27 | 0.26 | 0.41 | 0.39 | 0.38 | 0.51 | 0.31 | 0.44 | 0.73 | 0.65 | 0.87 | 0.80 |
| Depreciation | 0.78 | 0.70 | 0.86 | 0.91 | 0.97 | 1.03 | 1.02 | 0.94 | 1.39 | 1.67 | 1.80 | 2.14 | 2.12 |
| Profit before tax | 2.85 | 1.54 | 2.06 | 2.79 | 2.55 | 3.46 | 3.60 | 1.74 | 1.70 | 1.90 | 1.84 | 2.74 | 2.07 |
| Tax % | 25.26% | 25.97% | 25.73% | 26.16% | 24.31% | 24.86% | 26.39% | 25.29% | 24.12% | 25.79% | 27.17% | 26.28% | 26.57% |
| Net Profit + | 2.14 | 1.14 | 1.53 | 2.05 | 1.92 | 2.60 | 2.64 | 1.31 | 1.30 | 1.41 | 1.34 | 2.02 | 1.52 |
| EPS in Rs | 0.22 | 0.12 | 0.16 | 0.21 | 0.19 | 0.25 | 0.25 | 0.13 | 0.11 | 0.12 | 0.11 | 0.16 | 0.12 |
Financials of Tirupati Forge
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 30 | 18 | 16 | 21 | 42 | 28 | 31 | 88 | 92 | 110 | 115 | 162 |
| Expenses + | 28 | 16 | 14 | 18 | 35 | 25 | 28 | 78 | 77 | 97 | 100 | 147 |
| Operating Profit | 3 | 2 | 2 | 3 | 7 | 2 | 3 | 11 | 15 | 13 | 15 | 16 |
| OPM % | 9% | 9% | 12% | 15% | 17% | 9% | 9% | 12% | 16% | 12% | 13% | 10% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 3 |
| Interest | 1 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 2 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 4 | 8 |
| Profit before tax | 1 | 0 | 1 | 2 | 6 | 0 | 1 | 8 | 13 | 9 | 11 | 9 |
| Tax % | 26% | 32% | 30% | 28% | 28% | 27% | 27% | 26% | 25% | 26% | 25% | 26% |
| Net Profit + | 1 | 0 | 0 | 2 | 4 | 0 | 0 | 6 | 9 | 7 | 8 | 6 |
| EPS in Rs | 0.62 | 0.15 | 0.44 | 0.19 | 0.51 | 0.03 | 0.04 | 0.63 | 0.96 | 0.64 | 0.66 | 0.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 0% | 0% | 0% | 0% |
Financials of Tirupati Forge
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.79 | 0.79 | 0.79 | 6 | 6 | 10 | 11 | 20 | 20 | 21 | 24 | 25 |
| Reserves | 1 | 1 | 2 | 5 | 9 | 8 | 10 | 7 | 17 | 29 | 83 | 108 |
| Borrowings + | 6 | 5 | 4 | 0 | 5 | 5 | 8 | 11 | 10 | 13 | 26 | 42 |
| Other Liabilities + | 6 | 2 | 3 | 2 | 3 | 3 | 5 | 15 | 5 | 11 | 13 | 29 |
| Total Liabilities | 14 | 10 | 10 | 13 | 22 | 25 | 34 | 52 | 51 | 74 | 146 | 204 |
| Fixed Assets + | 5 | 5 | 5 | 4 | 10 | 13 | 14 | 14 | 15 | 19 | 37 | 57 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 18 | 67 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 9 | 5 | 6 | 8 | 12 | 12 | 20 | 38 | 36 | 47 | 90 | 80 |
| Total Assets | 14 | 10 | 10 | 13 | 22 | 25 | 34 | 52 | 51 | 74 | 146 | 204 |
Financials of Tirupati Forge
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 3 | 3 | 2 | -1 | 2 | 3 | -3 | 1 | 5 | 10 | 6 | 16 |
| Cash from Investing Activity + | -1 | -1 | -1 | -1 | -7 | -5 | -3 | -3 | -3 | -15 | -38 | -75 |
| Cash from Financing Activity + | -2 | -2 | -2 | 2 | 4 | 2 | 5 | 2 | -2 | 9 | 61 | 32 |
| Net Cash Flow | -0 | 0 | -0 | 0 | -0 | 1 | -1 | 1 | -1 | 4 | 29 | -27 |
| Free Cash Flow | 2 | 2 | 2 | -2 | -5 | -1 | -6 | -2 | 1 | -4 | -33 | -60 |
| CFO/OP | 100% | 173% | 128% | -18% | 49% | 177% | -110% | 23% | 58% | 97% | 57% | 112% |
Financials of Tirupati Forge
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 37 | 25 | 44 | 49 | 45 | 36 | 52 | 66 | 64 | 53 | 55 | 58 |
| Inventory Days | 68 | 80 | 104 | 123 | 70 | 134 | 229 | 147 | 143 | 162 | 159 | 103 |
| Days Payable | 92 | 44 | 107 | 32 | 23 | 56 | 92 | 99 | 30 | 60 | 68 | 82 |
| Cash Conversion Cycle | 12 | 62 | 41 | 140 | 93 | 115 | 189 | 114 | 178 | 155 | 145 | 80 |
| Working Capital Days | 34 | 6 | 8 | 97 | 61 | 73 | 95 | 56 | 86 | 69 | 106 | 60 |
| ROCE % | 21% | 12% | 16% | 27% | 41% | 4% | 4% | 28% | 32% | 18% | 12% | 8% |
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