Tirupati Forge Ltd. (IN:TIRUPATIFL)
:TIRUPATIFL
Top Page
Tirupati Forge Ltd.
(TIRUPATIFL)
Select Model
Select Model
Rating:63Neutral
Price Target:
₹43.00
▲(37.20% Upside)
Action:ReiteratedDate:03/20/26
The score is primarily supported by strong financial trajectory (revenue growth and margin improvement) and bullish technical momentum (price above major moving averages, positive MACD). It is held back by weak cash flow quality (negative free cash flow) and a demanding valuation (high P/E) with no dividend yield data to offset.
Positive Factors
Strong revenue expansion
Sustained top-line growth from 267.7M to 1.15B indicates durable demand and successful commercial scaling. Over the medium term this supports capacity investment, supplier leverage and long-run unit economics, reducing revenue risk and enabling strategic reinvestment.
Negative Factors
Persistent negative free cash flow
Negative free cash flow constrains the company’s ability to self-fund growth, dividends or debt reduction. Even with rising revenues, persistent FCF deficits may force external financing or slow strategic initiatives, posing a structural financing risk over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue expansion
Sustained top-line growth from 267.7M to 1.15B indicates durable demand and successful commercial scaling. Over the medium term this supports capacity investment, supplier leverage and long-run unit economics, reducing revenue risk and enabling strategic reinvestment.
Read all positive factors
Tirupati Forge Ltd. (TIRUPATIFL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.53B
Dividend YieldN/A
Average Volume (3M)236.01K
Price to Earnings (P/E)52.1
Beta (1Y)0.57
Revenue Growth-0.94%
EPS Growth-48.46%
CountryIN
Employees92
SectorBasic Materials
Sector Strength58
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)0.16
Shares Outstanding125,530,000
10 Day Avg. Volume455,270
30 Day Avg. Volume236,011
Financial Highlights & Ratios
PEG Ratio2.46
Price to Book (P/B)2.96
Price to Sales (P/S)2.76
P/FCF Ratio-9.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tirupati Forge Ltd. Business Overview & Revenue Model
Company Description
Tirupati Forge Limited manufactures and sells carbon steel forged flanges, and forged and other automotive components in India. The company provides slip-on, weld-neck, blind, lap-joint, threaded, and socket weld flanges; and din, conical, and pla...
How the Company Makes Money
null...
Tirupati Forge Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.26B | 1.15B | 1.09B | 910.80M | 789.92M | 267.73M |
| Gross Profit | 566.34M | 380.53M | 145.79M | 181.07M | 203.12M | 24.11M |
| EBITDA | 151.22M | 165.33M | 133.89M | 161.20M | 113.87M | 27.39M |
| Net Income | 53.61M | 78.55M | 66.42M | 94.29M | 62.23M | 3.94M |
Balance Sheet | ||||||
| Total Assets | 1.67B | 1.46B | 743.01M | 512.85M | 524.61M | 336.94M |
| Cash, Cash Equivalents and Short-Term Investments | 200.48M | 332.01M | 44.90M | 927.00K | 8.63M | 1.14M |
| Total Debt | 254.57M | 261.95M | 131.37M | 101.05M | 110.47M | 76.05M |
| Total Liabilities | 472.53M | 388.68M | 243.85M | 150.46M | 256.51M | 129.32M |
| Stockholders Equity | 1.19B | 1.07B | 499.16M | 362.38M | 268.10M | 207.62M |
Cash Flow | ||||||
| Free Cash Flow | -222.92M | -326.31M | -48.99M | -3.58M | -28.08M | -59.73M |
| Operating Cash Flow | -28.63M | 58.55M | 103.06M | 35.23M | 3.81M | -30.20M |
| Investing Cash Flow | -185.09M | -379.99M | -147.02M | -33.42M | -28.95M | -27.88M |
| Financing Cash Flow | 82.20M | 607.82M | 87.93M | -9.42M | 24.17M | 51.27M |
Tirupati Forge Ltd. Technical Analysis
Positive
31.34
Price Trends
38.78
Positive
36.54
Positive
38.46
Positive
Market Momentum
1.24
Positive
56.84
Neutral
53.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TIRUPATIFL, the sentiment is Positive. The current price of 31.34 is below the 20-day moving average (MA) of 42.96, below the 50-day MA of 38.78, and below the 200-day MA of 38.46, indicating a bullish trend. The MACD of 1.24 indicates Positive momentum. The RSI at 56.84 is Neutral, neither overbought nor oversold. The STOCH value of 53.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TIRUPATIFL.
Tirupati Forge Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹1.09B | 18.71 | ― | 10.99% | -76.65% | -76.77% | |
63 Neutral | ₹5.53B | 52.14 | ― | ― | -0.94% | -48.46% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹3.25B | 58.29 | ― | 0.94% | 13.33% | -21.39% | |
57 Neutral | ₹3.02B | 16.18 | ― | ― | 31.62% | -23.04% |
* Basic Materials Sector Average
IN:TIRUPATIFL
Tirupati Forge Ltd.
44.05
14.85
50.86%
IN:HPAL
HP Adhesives Ltd.
35.40
-14.99
-29.75%
IN:MODIRUBBER
Modi Rubber Limited
120.70
24.40
25.34%
IN:OCCL
Oriental Carbon & Chemicals Ltd
109.56
-63.84
-36.82%
Tirupati Forge Ltd. Corporate Events
Tirupati Forge Publishes December-Quarter Financial Results Extracts in Newspapers
Feb 11, 2026
Tirupati Forge Limited has notified the stock exchange that it has published extracts of its audited standalone financial results for the quarter and nine months ended December 31, 2025, in English and Gujarati newspapers. The company also stated ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.