Tirupati Forge Ltd. (IN:TIRUPATIFL)
:TIRUPATIFL
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Tirupati Forge Ltd.
(TIRUPATIFL)
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Rating:54Neutral
Price Target:
₹44.00
▲(40.40% Upside)
Action:Reiterated
Date:05/20/26
The score is held back primarily by weak cash generation (consistently negative and worsening free cash flow) alongside softer profitability and higher debt in 2026. Technicals are neutral-to-mixed and do not provide strong momentum support, while valuation is high (P/E ~52) with no dividend yield data to offset pricing risk.
Positive Factors
Revenue Growth Momentum
Sustained, accelerating top-line growth since 2021 indicates expanding customer traction and capacity utilization. A larger revenue base improves the company's ability to absorb fixed costs and supports longer-term operating leverage, giving management room to invest in scale and product lines over the next several quarters.
Negative Factors
Persistently Negative Free Cash Flow
Ongoing negative free cash flow over multiple years signals the company consumes cash after investments, increasing dependency on external financing. Persistently negative FCF limits ability to deleverage, pay dividends, or absorb shocks, and raises sustainability concerns if capital expenditures or working-capital needs remain high.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Momentum
Sustained, accelerating top-line growth since 2021 indicates expanding customer traction and capacity utilization. A larger revenue base improves the company's ability to absorb fixed costs and supports longer-term operating leverage, giving management room to invest in scale and product lines over the next several quarters.
Read all positive factors
Tirupati Forge Ltd. (TIRUPATIFL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.19B
Dividend YieldN/A
Average Volume (3M)236.01K
Price to Earnings (P/E)79.4
Beta (1Y)0.64
Revenue Growth41.31%
EPS Growth-30.95%
CountryIN
Employees92
SectorBasic Materials
Sector Strength58
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)0.49
Shares Outstanding126,630,000
10 Day Avg. Volume455,270
30 Day Avg. Volume236,011
Financial Highlights & Ratios
PEG Ratio-2.29
Price to Book (P/B)3.75
Price to Sales (P/S)3.08
P/FCF Ratio-7.97
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
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Tirupati Forge Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
67
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.26B | 1.62B | 1.15B | 1.09B | 910.80M | 789.92M |
| Gross Profit | 566.34M | 630.13M | 380.53M | 145.79M | 181.07M | 203.12M |
| EBITDA | 151.22M | 158.62M | 165.33M | 133.89M | 161.20M | 113.87M |
| Net Income | 53.61M | 62.95M | 78.55M | 66.42M | 94.29M | 62.23M |
Balance Sheet | ||||||
| Total Assets | 1.67B | 2.04B | 1.46B | 743.01M | 512.85M | 524.61M |
| Cash, Cash Equivalents and Short-Term Investments | 200.48M | 65.55M | 332.01M | 44.90M | 927.00K | 8.63M |
| Total Debt | 254.57M | 415.44M | 261.95M | 131.37M | 101.05M | 110.47M |
| Total Liabilities | 472.53M | 703.91M | 388.68M | 243.85M | 150.46M | 256.51M |
| Stockholders Equity | 1.19B | 1.33B | 1.07B | 499.16M | 362.38M | 268.10M |
Cash Flow | ||||||
| Free Cash Flow | -222.92M | -626.74M | -326.31M | -48.99M | -3.58M | -28.08M |
| Operating Cash Flow | -28.63M | 141.51M | 58.55M | 103.06M | 35.23M | 3.81M |
| Investing Cash Flow | -185.09M | -761.14M | -379.99M | -147.02M | -33.42M | -28.95M |
| Financing Cash Flow | 82.20M | 353.89M | 607.82M | 87.93M | -9.42M | 24.17M |
Tirupati Forge Ltd. Technical Analysis
Negative
31.34
Price Trends
43.17
Negative
39.41
Positive
38.43
Positive
Market Momentum
-0.64
Positive
42.28
Neutral
50.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TIRUPATIFL, the sentiment is Negative. The current price of 31.34 is below the 20-day moving average (MA) of 43.04, below the 50-day MA of 43.17, and below the 200-day MA of 38.43, indicating a neutral trend. The MACD of -0.64 indicates Positive momentum. The RSI at 42.28 is Neutral, neither overbought nor oversold. The STOCH value of 50.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹1.04B | 18.71 | ― | 10.99% | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | ₹3.33B | 16.18 | ― | ― | 31.62% | -23.04% | |
54 Neutral | ₹5.19B | 79.37 | ― | ― | 41.31% | -30.95% | |
51 Neutral | ₹3.22B | 69.05 | ― | 0.94% | 0.55% | -61.84% |
* Basic Materials Sector Average
IN:TIRUPATIFL
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40.43
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3.19%
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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.