Arthneeti

Tirupati Forge Q4 FY26 Share Price & Earnings Call Analysis

₹66.89-1.08% today
Market cap
₹870 Cr
P/E
142.60
ROE
5.24%
PEG
-12.02
Price to sales
5.17
Debt to equity
0.31
52W high / low
₹81.5 / ₹31.3
Sales growth (5Y)
39.49%
EBITDA margin
9.83%
Net profit margin
3.88%
Promoter holding
49.42%
Sales (last year)
₹168 Cr

Incorporated in 2012, co manufactures mass quantity Carbon Steel Forged Flanges, Forged componets and other automotive components[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Tirupati Forge rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹448 Cr17.9
240%+Up 2%+₹413 Cr12.0
340%+Up 2%+₹324 Cr22.7
440%+Up 0–2%₹1,496 Cr32.8
540%+Up 0–2%₹1,079 Cr12.7
640%+Flat₹827 Cr21.4

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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of Tirupati Forge

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Tirupati Forge

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +23.3920.8823.6532.3633.1129.0632.2826.1427.5032.3039.6748.6041.91
Expenses +19.8718.4820.7228.3929.6224.3827.4523.5524.4028.6236.4443.5138.05
Operating Profit3.522.402.933.973.494.684.832.593.103.683.235.093.86
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 +0.330.110.250.140.420.190.300.400.430.621.060.661.13
Interest0.220.270.260.410.390.380.510.310.440.730.650.870.80
Depreciation0.780.700.860.910.971.031.020.941.391.671.802.142.12
Profit before tax2.851.542.062.792.553.463.601.741.701.901.842.742.07
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 +2.141.141.532.051.922.602.641.311.301.411.342.021.52
EPS in Rs0.220.120.160.210.190.250.250.130.110.120.110.160.12

Financials of Tirupati Forge

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +301816214228318892110115162
Expenses +28161418352528787797100147
Operating Profit32237231115131516
OPM %9%9%12%15%17%9%9%12%16%12%13%10%
Other Income +000000012113
Interest110001011123
Depreciation111112223348
Profit before tax10126018139119
Tax %26%32%30%28%28%27%27%26%25%26%25%26%
Net Profit +100240069786
EPS in Rs0.620.150.440.190.510.030.040.630.960.640.660.50
Dividend Payout %0%0%0%0%0%0%0%3%0%0%0%0%

Financials of Tirupati Forge

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.790.790.796610112020212425
Reserves112598107172983108
Borrowings +65405581110132642
Other Liabilities +6232335155111329
Total Liabilities14101013222534525174146204
Fixed Assets +55541013141415193757
CWIP00000000081867
Investments000000000000
Other Assets +95681212203836479080
Total Assets14101013222534525174146204

Financials of Tirupati Forge

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +332-123-31510616
Cash from Investing Activity +-1-1-1-1-7-5-3-3-3-15-38-75
Cash from Financing Activity +-2-2-224252-296132
Net Cash Flow-00-00-01-11-1429-27
Free Cash Flow222-2-5-1-6-21-4-33-60
CFO/OP100%173%128%-18%49%177%-110%23%58%97%57%112%

Financials of Tirupati Forge

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days372544494536526664535558
Inventory Days688010412370134229147143162159103
Days Payable9244107322356929930606882
Cash Conversion Cycle1262411409311518911417815514580
Working Capital Days34689761739556866910660
ROCE %21%12%16%27%41%4%4%28%32%18%12%8%
82out of 100

Momentum score · price trend

82 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,908 stocks
Last 12 months+70.8%90%
Last 6 months+51.9%90%
Last 3 months−8.6%47%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,908 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Tirupati Forge: 0.4 × 90 + 0.4 × 90 + 0.2 × 47 = 82.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 3 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Tirupati Forge's management said in earlier quarters

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  • Pattech Fitwell (Q2 FY27)

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  • Cosmo First (Q2 FY27)

    Q2 FY27 Net Revenue: ₹1,388 Cr, +51% YoY (vs ₹919 Cr in Q2 FY26) [Page 10, 3] . Key investor presentation takeaways from Cosmo First Ltd's Q2 FY27 investor pres

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