T

Tirupati Forge Limited

TIRUPATIFLNSE
Market snapshot · 2026-08-11 06:17 UTC

70.00

₹-0.50 (-0.71%)

MARKET CAP

₹827.96 Cr

STOCK P/E

140.0x

52W HIGH

₹83.90

52W LOW

₹30.11

BOOK VALUE

₹10.52

EPS

₹0.50

ROE

5.24%

SECTOR

Consumer Discretionary

DEBT/EQUITY

31.14

VOLUME

81,977

P/B RATIO

6.65x

PEG RATIO

Sector

Consumer Discretionary

Themes

Auto Parts
₹73.61₹63.21₹52.81₹42.41₹32.01VolumeAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Tirupati Forge is an Indian manufacturer of carbon-steel forged flanges, pipe fittings, and automotive components. Flanges and fittings serve industrial applications, while forged auto parts and gears supply automotive customers. Seamless rolled rings and hammer unions extend offerings across aerospace, renewables, defence, engineering, and agriculture. Revenue grew 41.3% year-on-year, but no major recent development identifies a clear catalyst for further acceleration. Improving margins contrast with low 5.2% ROE, while 31.14 debt-to-equity indicates leverage materially suppresses shareholder returns. Profit declined 19.9% despite strong sales growth, raising questions about conversion and financing costs. At 141 times earnings, the shares look richly valued against current profit growth and returns. Investor focus should remain on margin quality, deleveraging, and whether exports and automotive demand can support earnings recovery.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for TIRUPATIFL.

Coverage check

Price Forecast

Current
₹70.00
High Target
Median Target
Low Target
Now₹70.00Aug '25Now12M Target
Price history (1Y)
Analyst target range

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹54.32 - ₹112.9180%
6M₹52.23 - ₹146.9980%
12M₹52.76 - ₹227.9680%
Realized vol: +57.1% · Drift: +61.2%

Revenue Forecast

₹ Cr
Dec '25Current₹49.0
Sep 2026 ETrend estimate range
High₹61.0Base₹56.5Low₹52.0
Mar '25: ₹28.0 · Jun '25: ₹32.0 · Sep '25: ₹40.0 · Dec '25: ₹49.0 · Sep '26: ₹56.5 · Dec '26: ₹69.2
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E28.032.040.049.056.569.2
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹0.16
Sep 2026 ETrend estimate range
High₹0.09Base₹0.08Low₹0.07
Mar '25: ₹0.11 · Jun '25: ₹0.12 · Sep '25: ₹0.11 · Dec '25: ₹0.16 · Sep '26: ₹0.08 · Dec '26: ₹0.11
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E0.110.120.110.160.080.11
PastCurrentTrend estimate: Low / Base / High
Analyst price target unavailable from FMP/yfinance. Analyst pillar unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
55%
Analyst Consensus
Unavailable

Analyst coverage unavailable

Mean upsideNot available

Fundamentals

Moderate

Fundamentals institutional score is 46 using EVA spread proxy -6.8%; growth durability 94.9.

Valuation

Premium valuation

Valuation institutional score is 0 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Unavailable

No usable analyst target or recommendation data was available.

Technical Structure

Strong Trend

Technicals institutional score is 100 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Unavailable

This data source has not been supplied for the decision payload.

Signal Summary

Market intelligence remains Neutral. technical structure provide support, while fundamentals and valuation remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Premium valuationTechnical Structure Strong Trend

Key Data Points

Mean Target PriceUnavailable
Mean UpsideNot available
Technical Score100%
Fundamental Score46%
Data CoverageMedium

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 105.7% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +2.54). Confidence: 54%.

Forward Valuation Outlook

Forward outlook is unavailable because live next-12-month estimate data is not available for this ticker right now.

P/E
Strongly Overvalued

5Y Average

51.53

Current

144.14

Overvalued

84.76

Undervalued

37.40

EV/EBITDA
Strongly Overvalued

5Y Average

21.40

Current

58.56

Overvalued

30.92

Undervalued

9.41

P/B
Strongly Overvalued

5Y Average

4.29

Current

6.70

Overvalued

4.93

Undervalued

3.65

Peers & Comparison

Sector: Consumer Discretionary · Theme: Auto Parts

Auto Parts Peers8 peers
Avg P/E: 46x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
ALICON CASTALLOY LIMITED
ALICONAuto Parts
+16.6%1.9%
34.4x
Undervalued
-25% vs avg
-8.5%
SONA BLW PRECISION FRGS L
SONACOMSAuto Parts
+52.4%14.2%
73.0x
Premium
+59% vs avg
+84.6%
INDIA NIPPON ELECT LTD
INDNIPPONAuto Parts
10.0%
22.9x
Undervalued
-50% vs avg
+44.4%
SAMVRDHNA MTHRSN INTL LTD
MOTHERSONAuto Parts
+16.6%3.4%
40.5x
Fair
-12% vs avg
+86.1%
UNO MINDA LIMITED
UNOMINDAAuto Parts
+23.8%5.8%
61.7x
Premium
+34% vs avg
+20.4%
SCHAEFFLER INDIA LIMITED
SCHAEFFLERAuto Parts
+17.3%11.9%
50.6x
Fair
+10% vs avg
+4.3%
BOSCH LIMITED
BOSCHLTDAuto Parts
+13.2%14.0%
45.7x
Fair
-1% vs avg
+12.7%
ASK AUTOMOTIVE LIMITED
ASKAUTOLTDAuto Parts
+52.4%6.8%
39.5x
Fair
-14% vs avg
+39.1%
WHY THESE PEERS

Comparable-scale peer data is limited — showing nearest stored business/industry peers instead of an empty comparison.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹49 CrDec 2025

Latest net profit

₹2.02 CrDec 2025

Latest EPS

₹0.16Dec 2025

Net margin

6.1%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.0%2.0%4.0%6.0%8.0%0.00 Cr15 Cr30 Cr45 Cr60 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr15 Cr30 Cr45 Cr60 Cr₹0₹0₹0₹0₹0
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr15 Cr30 Cr45 Cr60 Cr

Latest reported period: Dec 2025

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
20212022202320242025-40 Cr-20 Cr0.00 Cr20 Cr40 Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales23.3920.8823.6532.3633.1129.0632.2826.1427.532.339.6748.6
Expenses19.8518.4920.7228.429.6324.3727.4623.5424.3928.6236.4443.51
Operating Profit2.761.692.073.052.513.663.81.661.722.011.432.95
OPM %11.8%8.09%8.75%9.43%7.58%12.59%11.77%6.35%6.25%6.22%3.6%6.07%
Other Income0.050.110.210.140.240.180.30.370.430.611.040.66
Interest0.280.270.260.410.390.380.510.310.440.730.650.87
Depreciation0.780.70.860.910.971.031.020.941.391.671.82.14
Profit before tax2.531.532.022.782.363.463.591.721.711.891.822.74
Tax %28.46%26.14%26.24%26.26%26.27%24.86%26.46%25.58%23.98%25.93%27.47%26.28%
Net Profit1.811.131.492.051.742.62.641.281.31.41.322.02
EPS in Rs0.220.120.160.210.190.250.260.130.110.120.110.16

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters48.88%49.31%48.10%48.93%49.01%
FII0.02%0.02%0.02%0.02%0.78%
Public46.55%38.03%36.55%37.31%36.59%
Others4.55%12.64%15.33%13.74%13.62%
Mar 2026
Promoters
FII
Public
Others