Tirupati Forge Ltd: Financial Statements & Historical Data

Tirupati Forge Ltd: Higher sales were accompanied by lower earnings in the quarter ending Jun 2026. Sales rose 18.0% to ₹38 crore against Jun 2025. Net profit fell 13.5% to ₹1.22 crore against the same period a year earlier. Operating margin rose from 11.4% to 11.5% (0.1 percentage points higher). In the year ending Mar 2026, operations generated ₹16 crore but reported free cash flow remained negative at −₹60 crore. Check the cash-flow statement and the source definition of free cash flow.

Calculated from the stored statements below · Reporting periods remain separate

COMPANY FINANCIAL DATA

Market snapshot

Stored figures, not live quotes. Price record: 15 October 2026, 9:56 pm +05:30. Financial reporting periods are shown in the tables below.

Stored share price70.4₹ per share

Reported P/E150Times

Book value per share10.5₹ per share

Reported ROCE7.53 %Reported return

Stored market and accounting figures

Price record: 15 October 2026, 9:56 pm +05:30. Not a live quote.

Measure	Stored figure
Market Cap	915 Cr.
Current Price	70.4
High / Low	83.9/30.1
Stock P/E	150
Book Value	10.5
Dividend Yield	0.00 %
ROCE	7.53 %
ROE	5.24 %
Face Value	2.00

Market cap is in ₹ crore; prices and per-share values are in ₹. P/E is a multiple; yield, ROCE and ROE are percentages. Book value is an accounting figure, not an estimate of the share's investment value.

Data sources and reporting basis

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Different tables can have different reporting dates and accounting bases. Verify the company filings before comparing figures. Missing data is not treated as zero.

How Getaka handles sources, dates and corrections. Page revision dates describe the page, not the age of every financial figure.

DAILY STORED OBSERVATIONS

Share price history

₹ per share

Last stored price for each available date, not a live quote or an official closing-price series. Missing dates are not filled. Verify corporate-action adjustments against the source.

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EARNINGS

Quarterly performance

Jun 2026

Higher sales were accompanied by lower earnings in the quarter ending Jun 2026. Sales rose 18.0% to ₹38 crore against Jun 2025. Net profit fell 13.5% to ₹1.22 crore against the same period a year earlier. Operating margin rose from 11.4% to 11.5% (0.1 percentage points higher). More operating profit was retained from each rupee of sales; check whether that improvement holds across other reporting periods.

Sales, expenses & profits

₹ crore

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Quarterly statementAll reported figures · use a chart icon for peer comparison

Quarterly Chart Table

Metric	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	20.88	23.65	32.36	33.11	29.06	32.28	26.14	27.50	32.30	39.67	48.60	41.91	38.10
Expenses	18.48	20.72	28.39	29.62	24.38	27.45	23.55	24.40	28.62	36.44	43.51	38.05	33.73
Operating Profit	2.40	2.93	3.97	3.49	4.68	4.83	2.59	3.10	3.68	3.23	5.09	3.86	4.37
OPM %	11.49%	12.39%	12.27%	10.54%	16.10%	14.96%	9.91%	11.27%	11.39%	8.14%	10.47%	9.21%	11.47%
Other Income	0.11	0.25	0.14	0.42	0.19	0.30	0.40	0.43	0.62	1.06	0.66	1.13	0.33
Interest	0.27	0.26	0.41	0.39	0.38	0.51	0.31	0.44	0.73	0.65	0.87	0.80	0.95
Depreciation	0.70	0.86	0.91	0.97	1.03	1.02	0.94	1.39	1.67	1.80	2.14	2.12	2.09
Profit before tax	1.54	2.06	2.79	2.55	3.46	3.60	1.74	1.70	1.90	1.84	2.74	2.07	1.66
Tax %	25.97%	25.73%	26.16%	24.31%	24.86%	26.39%	25.29%	24.12%	25.79%	27.17%	26.28%	26.57%	26.51%
Net Profit	1.14	1.53	2.05	1.92	2.60	2.64	1.31	1.30	1.41	1.34	2.02	1.52	1.22
EPS in Rs	0.12	0.16	0.21	0.19	0.25	0.25	0.13	0.11	0.12	0.11	0.16	0.12	0.09

Last Updated: September 29, 2026, 5:05 pm

EARNINGS

Annual performance

Mar 2026

Higher sales were accompanied by lower earnings in the year ending Mar 2026. Sales rose 40.9% to ₹162 crore against Mar 2025. Net profit fell 25.0% to ₹6.00 crore against the same period a year earlier. Operating margin fell from 13.0% to 9.9% (3.2 percentage points lower). Less operating profit was retained from each rupee of sales; compare the expense rows before attributing the change to a cause.

Sales, expenses & profits

₹ crore

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PER-SHARE EARNINGS

Earnings per share

Reported annual earnings per share use ₹ per share, while the earnings charts use ₹ crore. Changes in share count and corporate actions can affect the comparison between years.

Earnings per share

₹ per share

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Annual statementAll reported figures · use a chart icon for peer comparison

Profit & Loss Chart Table

Last Updated: October 14, 2026, 7:37 pm

Metric	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	30	18	16	21	42	28	31	88	92	110	115	162	168
Expenses	28	16	14	18	35	25	28	78	77	97	100	147	152
Operating Profit	3	2	2	3	7	2	3	11	15	13	15	16	17
OPM %	9%	9%	12%	15%	17%	9%	9%	12%	16%	12%	13%	10%	10%
Other Income	0	0	0	0	0	0	0	1	2	1	1	3	3
Interest	1	1	0	0	0	1	0	1	1	1	2	3	3
Depreciation	1	1	1	1	1	2	2	2	3	3	4	8	8
Profit before tax	1	0	1	2	6	0	1	8	13	9	11	9	8
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	6
EPS in Rs	0.20	0.05	0.14	0.19	0.51	0.03	0.04	0.63	0.96	0.64	0.66	0.50	0.48
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	3%	0%	0%	0%	0%

Year-on-year profit growth table

YoY Net Profit Growth

Year	2015-2016	2018-2019	2019-2020	2022-2023	2023-2024	2024-2025	2025-2026
YoY Net Profit Growth (%)	-100.00%	100.00%	-100.00%	50.00%	-22.22%	14.29%	-25.00%
Change in YoY Net Profit Growth (%)	0.00%	200.00%	-200.00%	150.00%	-72.22%	36.51%	-39.29%

Growth

Compounded Sales Growth
10 Years:	14%
5 Years:	33%
3 Years:	9%
TTM:	0%

Compounded Profit Growth
10 Years:	27%
5 Years:	95%
3 Years:	8%
TTM:	-18%

Stock Price CAGR
10 Years:	Not available
5 Years:	64%
3 Years:	41%
1 Year:	44%

Return on Equity
10 Years:	16%
5 Years:	15%
3 Years:	15%
Last Year:	10%

Last Updated: September 5, 2025, 1:46 pm

CASH & FUNDING

Balance sheet

Mar 2026

Reported borrowings stood at ₹42 crore in Mar 2026. They increased from ₹26 crore in Mar 2025 (61.5% higher). Read the borrowing notes, repayment schedule and cash-flow statement together; the borrowing balance alone does not establish liquidity or repayment capacity.

Reserves & borrowings

₹ crore

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Balance-sheet statementAll reported figures · use a chart icon for peer comparison

Balance Sheet Data Table

Last Updated: October 3, 2026, 9:30 pm

Month	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

CASH & FUNDING

Cash generation

Mar 2026

Operating activities generated ₹16 crore in Mar 2026. Reported free cash flow for the same period was −₹60 crore. Positive operating cash flow shows cash generated by operations in this period; examine its consistency and the capital expenditure needed to sustain the business. Operating cash flow was equivalent to 266.7% of the ₹6.00 crore reported annual profit for the same year ending Mar 2026, before capital expenditure.

Operating & free cash flow

₹ crore

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Cash-flow statementAll reported figures · use a chart icon for peer comparison

Cash Flows

Month	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%
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	100%	173%	128%	-18%	49%	177%	-110%	23%	58%	97%	57%	112%

Free cash flowAll reported figures · use a chart icon for peer comparison

Free Cash Flow Table

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	2.00	2.00	2.00	-2.00	-5.00	-1.00	-6.00	-2.00	1.00	-4.00	-33.00	-60.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

OPERATING CYCLE

Capital efficiency

Mar 2025

Financial efficiency feed. Source: www.screener.in. Check the source for the accounting basis. Values from separate feeds can differ, even for the same period; they are not interchangeable. Use each table’s period labels. Data methodology.

Working-capital days were 106 in Mar 2025. That is 37 days higher than the same annual period a year earlier. Compare collection, inventory and payment cycles within this feed to understand the movement; these measures do not identify the cause by themselves.

Working capital

Days

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CAPITAL RETURNS

Returns on capital & equity

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Efficiency tableAll reported figures · use a chart icon for peer comparison

Financial Efficiency Data Table

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	56	37	25	44	49	45	36	52	66	64	53	55
Inventory Days	150	68	80	104	123	70	134	229	147	143	162	127
Days Payable	103	92	44	107	32	23	56	92	99	30	60	54
Cash Conversion Cycle	103	12	62	41	140	93	115	189	114	178	155	127
Working Capital Days	159	34	6	8	97	61	73	95	56	86	69	106
ROCE %	9%	21%	12%	16%	27%	41%	4%	4%	28%	32%	18%	12%

SHAREHOLDERS

Ownership trends

Jul 2026

Promoters held 49.42% in Jul 2026. Their share was 0.33 percentage points lower than in Jun 2026. Ownership percentages can change through share issuance as well as transactions. Check exchange disclosures for the explanation and any pledging; the percentage alone is not evidence of investor conviction.

Shareholding comparison

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SHAREHOLDER PARTICIPATION

Shareholder count

Shareholders

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Ownership tableAll reported figures · use a chart icon for peer comparison

Shareholding Pattern

Month	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Jul 2026
Promoters	57.69%	57.69%	55.76%	55.76%	55.76%	48.88%	49.31%	48.10%	48.93%	49.01%	49.75%	49.42%
FIIs	0.00%	0.00%	0.00%	0.03%	0.03%	0.02%	0.02%	0.02%	0.02%	0.78%	0.45%	0.76%
Public	42.31%	42.31%	44.23%	44.21%	44.20%	51.10%	50.67%	51.88%	51.04%	50.21%	49.80%	49.82%
No. of Shareholders	42,478	50,841	64,869	69,776	69,704	68,889	66,427	63,915	62,743	59,422	57,512	59,423

This stock is not held by any mutual fund.

ALTERNATE FEED

Financial ratios

Alternate ratio feed. Source: www.way2wealth.com. The accounting basis and ratio definitions require verification against the source. Values from separate feeds can differ, even for the same period; they are not interchangeable. Use each table’s period labels. Data methodology.

Each card groups related ratios with the same unit. Reporting dates remain visible for every measure; the original ratio table follows the charts.

ALTERNATE RATIO FEED

Profitability ratios

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ALTERNATE RATIO FEED

Liquidity ratios

Multiple (×)

Liquidity ratios

Multiple (×)

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ALTERNATE RATIO FEED

Distributions & retention

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ALTERNATE RATIO FEED

Interest coverage

Multiple (×)

Interest coverage

Multiple (×)

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ALTERNATE RATIO FEED

Valuation multiples

Multiple (×)

Valuation multiples

Multiple (×)

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Supporting ratio tableAll reported figures · use a chart icon for peer comparison

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	2.00	10.00
Basic EPS (Rs.)	0.74	0.67	0.96	0.64	0.36
Diluted EPS (Rs.)	0.73	0.67	0.96	0.64	0.35
Cash EPS (Rs.)	1.03	0.97	1.24	0.88	2.10
Book Value[Excl.RevalReserv]/Share (Rs.)	9.05	4.81	3.70	2.74	18.54
Book Value[Incl.RevalReserv]/Share (Rs.)	9.05	4.81	3.70	2.74	18.54
Dividend / Share (Rs.)	0.00	0.00	0.00	0.02	0.00
Revenue From Operations / Share (Rs.)	9.72	10.61	9.39	9.00	27.47
PBDIT / Share (Rs.)	1.40	1.32	1.67	1.19	2.57
PBIT / Share (Rs.)	1.03	0.98	1.40	0.94	0.81
PBT / Share (Rs.)	0.88	0.86	1.29	0.85	0.48
Net Profit / Share (Rs.)	0.66	0.64	0.96	0.63	0.35
PBDIT Margin (%)	14.37	12.45	17.82	13.21	9.35
PBIT Margin (%)	10.57	9.31	14.88	10.45	2.98
PBT Margin (%)	9.14	8.12	13.72	9.46	1.76
Net Profit Margin (%)	6.83	6.03	10.24	7.05	1.28
Return on Networth / Equity (%)	7.33	13.30	26.01	23.21	1.89
Return on Capital Employeed (%)	9.83	19.14	35.54	29.75	3.83
Return On Assets (%)	5.38	8.93	18.38	11.86	1.16
Long Term Debt / Equity (X)	0.08	0.04	0.05	0.12	0.14
Total Debt / Equity (X)	0.16	0.22	0.25	0.36	0.33
Asset Turnover Ratio (%)	1.04	1.75	1.77	2.05	1.04
Current Ratio (X)	3.99	2.22	2.71	1.67	1.83
Quick Ratio (X)	2.95	1.14	1.46	0.96	0.75
Inventory Turnover Ratio (X)	5.06	3.41	3.05	4.02	2.45
Dividend Payout Ratio (NP) (%)	0.00	0.00	0.00	1.79	0.00
Dividend Payout Ratio (CP) (%)	0.00	0.00	0.00	1.29	0.00
Earning Retention Ratio (%)	0.00	0.00	0.00	98.21	0.00
Cash Earning Retention Ratio (%)	0.00	0.00	0.00	98.71	0.00
Interest Coverage Ratio (X)	10.05	10.44	15.30	13.31	7.72
Interest Coverage Ratio (Post Tax) (X)	5.77	6.06	9.79	8.10	2.06
Enterprise Value (Cr.)	363.99	174.02	98.26	113.30	35.84
EV / Net Operating Revenue (X)	3.17	1.58	1.07	1.28	1.16
EV / EBITDA (X)	22.02	12.70	5.99	9.72	12.44
MarketCap / Net Operating Revenue (X)	3.30	1.52	0.96	1.18	0.94
Retention Ratios (%)	0.00	0.00	0.00	98.20	0.00
Price / BV (X)	3.54	3.35	2.46	3.89	1.40
Price / Net Operating Revenue (X)	3.30	1.52	0.96	1.18	0.94
EarningsYield	0.02	0.03	0.10	0.05	0.01

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Tirupati Forge Ltd	915 Cr.	70.4	83.9/30.1	150	10.5	0.00 %	7.53 %	5.24 %	2.00
Kalyani Forge Ltd	292 Cr.	803	1,193/504	23.6	263	0.50 %	12.2 %	10.1 %	10.0
LGB Forge Ltd	119 Cr.	4.98	11.8/4.62		0.68	0.00 %	2.12 %	12.7 %	1.00
Hilton Metal Forging Ltd	83.3 Cr.	16.2	42.6/13.4	16.3	29.4	0.00 %	5.55 %	2.59 %	10.0
ASL Industries Ltd	76.4 Cr.	73.4	119/33.9	332	33.9	0.00 %	0.26 %	0.26 %	10.0
Industry Average	9,404.73 Cr	574.19		82.53	163.63	0.26%	9.42%	9.09%	6.13

All Competitor Stocks of Tirupati Forge Ltd