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Home › Company Intelligence › Tirupati Forge Limited (TIRUPATIFL)
NSE: TIRUPATIFL MID_CAP Diversified REPORTED STATUTORY SOURCE • Data as of FY25 FRESH

Tirupati Forge Limited

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY25 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR • Last Checked: 14 Oct 2026
FY25 Revenue ₹87.48 Cr
FY25 Net Profit ₹6.56 Cr
Reported EPS ₹0.77
Operating Margin 9.06%
Return on Equity 13.3%
ROCE 16.8%
Debt / Equity 0.22x
Net Profit Margin 7.50%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q1 FY27): Reported quarterly statutory revenue of ₹38.43 Cr with net profit of ₹1.22 Cr (EPS: ₹0.10).

Exchange Disclosure (2026-10-06): Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Tirupati Forge Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Tirupati Forge Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for Tirupati Forge Limited under Diversified.

Official listing profile for Tirupati Forge Limited under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Fragile (35/100)
35 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 0 / 20
Profitability & Margins 9 / 20
Solvency & Capital Structure 14 / 20
Cash Flow Quality 2 / 20
Capital Allocation & Valuation 10 / 20
Key Strengths
  • + Healthy Return on Equity (13.3%)
  • + Conservative leverage profile (D/E 0.22)
  • + Healthy capital allocation (ROCE 16.8%)
Key Vigilance Points & Risks
  • − YoY revenue contraction (-20.5%)
  • − Net profit decline observed YoY (-1.2%)
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FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS • REPORTED EXCHANGE DATA
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹0k₹0k₹0k₹0k₹0kRevenue: ₹92 CrNet Profit: ₹9 CrFY23Revenue: ₹110 CrNet Profit: ₹7 CrFY24Revenue: ₹87 CrNet Profit: ₹7 CrFY25RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Dec 2024 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR
Annual Metric (₹ Cr)FY23
Mar 2023
FY24
Mar 2024
FY25
Dec 2024
Sales / Revenue from Operations₹92₹110₹87
Operating Expenditure₹77₹97N/A
Operating Profit (EBITDA)₹15₹13₹7.93
Operating Profit Margin (OPM %)15.86%11.63%9.06%
Other Income₹1.81₹0.92N/A
Finance Costs / Interest₹1.07₹1.32N/A
Depreciation & Amortization₹2.71₹3.45N/A
Profit Before Tax (PBT)₹13₹8.94₹8.81
Tax Expense₹3.20₹2.29N/A
Net Profit (PAT)₹9.43₹6.64₹6.56
Net Profit Margin (NPM %)10.25%6.04%7.50%
Basic / Diluted EPS (₹)₹0.96₹0.67₹0.77
Cash from Operations (CFO)₹4.48₹10N/A
Free Cash Flow (FCF)₹0.60₹-2.70N/A
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Jun 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q4 FY24
Mar 2024
Q1 FY25
Jun 2024
Q2 FY25
Sep 2024
Q3 FY25
Dec 2024
Q2 FY26
Sep 2025
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Sales / Revenue₹33₹29₹32₹26₹41₹49₹43₹38
Operating Profit (EBITDA)₹2.13₹3.28₹3.31₹1.35₹1.84₹2.74₹2.07₹1.66
OPM %6.43%11.29%10.25%5.16%4.52%5.56%4.81%4.32%
Profit Before Tax (PBT)₹2.55₹3.46₹3.60₹1.75₹1.84₹2.74₹2.07₹1.66
Net Profit (PAT)₹1.92₹2.60₹2.64₹1.31₹1.34₹2.02₹1.52₹1.22
NPM %5.80%8.95%8.18%5.01%3.29%4.10%3.53%3.17%
Basic / Diluted EPS (₹)₹0.19₹0.25₹0.26₹0.26₹0.11₹0.16₹0.12₹0.10
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Exchange Reported
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY23FY24FY25
Equity Share Capital₹20₹21N/A
Reserves & Surplus₹17₹29N/A
Net Worth (Shareholders' Funds)₹36₹50N/A
Total Borrowings & Debt₹9.18₹11N/A
Total Balance Sheet Assets₹51₹74N/A
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY23FY24FY25
Cash Flow from Operating Activities (CFO)₹4.48₹10N/A
Cash Flow from Investing Activities (CFI)₹-3.34₹-15N/A
Cash Flow from Financing Activities (CFF)₹-1.90₹8.79N/A
Free Cash Flow / Net Cash Flow₹0.60₹-2.70N/A
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY23FY24FY25
Operating Profit Margin (OPM)15.86%11.63%9.06%
Net Profit Margin (NPM)10.25%6.04%7.50%
Return on Equity (ROE)26.02%13.30%N/A
Return on Capital Employed (ROCE)30.16%16.82%N/A
Return on Assets (ROA)18.39%8.94%N/A
Debt to Equity Ratio0.25x0.22xN/A
Interest Coverage Ratio13.6x9.7xN/A
CFO to Net Profit Conversion0.48x1.55xN/A
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 49.42%
FII: 0.43%
DII: 0.15%
Public: 49.99%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategorySep 2026Jul 2026Jun 2026QoQ Shift
Promoter Holding49.42%49.42%49.42%0.00%
Foreign Institutional (FII)0.43%N/A0.43%—
Domestic Institutional (DII / MFs)0.15%N/A0.15%—
Public & Retail49.99%50.58%49.99%-0.59%
Promoter Pledged Shares0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
EXECUTIVE Appointed: Aug 2012
Mr BHAVESHBHAI TULSIBHAI BARASIYA
Not Applicable & Executive Director

DIN: 05332180 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

EXECUTIVE Appointed: Mar 2017
Mr HITESHKUMAR GORDHANBHAI THUMMAR
Not Applicable & Executive Director

DIN: 02112952 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Jul 2017
Mrs DARSHNA HITESHBHAI THUMMAR
Not Applicable & Non-Executive - Non Independent Director

DIN: 07869257 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Feb 2020
Mr ANAND MOHAN SHRIVASTAVA
Not Applicable & Non-Executive - Independent Director

DIN: 08684010 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Jul 2022
Mrs JAGRUTI NITINKUMAR ERDA
Chairperson & Non-Executive - Independent Director

DIN: 09680025 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Sep 2024
Mrs SMITA SACHIN RAVANI
Not Applicable & Non-Executive - Independent Director

DIN: 10695275 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid ₹0.10
LTM Total Dividend ₹0.10
Dividends Recorded 1 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
CORPORATE_ACTION2024-09-20N/AN/AAnnual General Meeting
CORPORATE_ACTION2023-12-20N/AN/AExtra Ordinary General Meeting
CORPORATE_ACTION2023-09-08N/AN/AAnnual General Meeting
CORPORATE_ACTION2022-09-22N/AN/AAnnual General Meeting
SPLIT2021-10-07N/A₹10.00Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
BONUS2021-10-07N/AN/ABonus 3:4
CORPORATE_ACTION2021-09-17N/AN/AAnnual General Meeting
DIVIDEND2021-08-12N/A₹0.10Interim Dividend - Rs 0.10 Per Share
REGULATORY FILINGS & EXCHANGE DISCLOSURES
CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL 06 Oct 2026, 06:42 PM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Tirupati Forge Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Tirupati Forge Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Certificate under SEBI (Depositories and Participants) Regulatio 06 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

SHAREHOLDERS MEETING 28 Sep 2026, 05:14 PM • NSE_OFFICIAL_API
Shareholders meeting — Tirupati Forge Limited has informed the Exchange regarding voting results of Annual General Meeting held on September 25, 2026

Tirupati Forge Limited has informed the Exchange regarding voting results of Annual General Meeting held on September 25, 2026

SHAREHOLDERS MEETING 28 Sep 2026, 05:10 PM • NSE_OFFICIAL_API
Shareholders meeting — Tirupati Forge Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026

Tirupati Forge Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026

Shareholders meeting 28 Sep 2026, 12:00 AM • NSE_OFFICIAL_API
Shareholders meeting

SHAREHOLDERS MEETING 25 Sep 2026, 02:39 PM • NSE_OFFICIAL_API
Shareholders meeting — Tirupati Forge Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2026

Tirupati Forge Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2026

Shareholders meeting 25 Sep 2026, 12:00 AM • NSE_OFFICIAL_API
Shareholders meeting

TRADING WINDOW 22 Sep 2026, 12:23 PM • NSE_OFFICIAL_API
Trading Window — Tirupati Forge Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Tirupati Forge Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-10-06 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-06 CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Tirupati Forge Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Tirupati Forge Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-09-30 SHAREHOLDING_FILING • SEBI_LODR_REG31_NSE
Shareholding Pattern Filed: Sep 2026

Quarterly distribution: Promoter 49.42% | FII 0.43% | DII 0.15% | Public 49.99%.

2026-09-28 Shareholders meeting • NSE_OFFICIAL_API
Shareholders meeting

2026-09-28 SHAREHOLDERS MEETING • NSE_OFFICIAL_API
Shareholders meeting — Tirupati Forge Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026

Tirupati Forge Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026

2026-09-28 SHAREHOLDERS MEETING • NSE_OFFICIAL_API
Shareholders meeting — Tirupati Forge Limited has informed the Exchange regarding voting results of Annual General Meeting held on September 25, 2026

Tirupati Forge Limited has informed the Exchange regarding voting results of Annual General Meeting held on September 25, 2026

2026-09-25 Shareholders meeting • NSE_OFFICIAL_API
Shareholders meeting

2026-09-25 SHAREHOLDERS MEETING • NSE_OFFICIAL_API
Shareholders meeting — Tirupati Forge Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2026

Tirupati Forge Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2026

2026-09-22 Trading Window • NSE_OFFICIAL_API
Trading Window

2026-09-22 TRADING WINDOW • NSE_OFFICIAL_API
Trading Window — Tirupati Forge Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Tirupati Forge Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-09-19 Press Release • NSE_OFFICIAL_API
Press Release

2026-09-19 PRESS RELEASE • NSE_OFFICIAL_API
Press Release — Tirupati Forge Limited has informed the Exchange regarding a press release dated September 19, 2026, titled "Receive the approval of Industrial License for Defence Manufacturing of empty shell body.".

Tirupati Forge Limited has informed the Exchange regarding a press release dated September 19, 2026, titled "Receive the approval of Industrial License for Defence Manufacturing of empty shell body.".

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
NSE Official Quote (TIRUPATIFL) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 01 Nov 2026, 19:46 VERIFIED c3a55aa57657...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 29 Oct 2026, 11:49 VERIFIED c3a55aa57657...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 27 Oct 2026, 00:29 VERIFIED 3cf9abb71478...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 23 Oct 2026, 16:28 VERIFIED 3cf9abb71478...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 19 Oct 2026, 06:45 VERIFIED 3cf9abb71478...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 14 Oct 2026, 23:47 VERIFIED 3cf9abb71478...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.