TIRUPATI FORGE LIMITED (TIRUPATIFL) financials

TIRUPATI FORGE LIMITED (TIRUPATIFL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 2012, co manufactures mass quantity Carbon Steel Forged Flanges, Forged componets and other automotive components[1]

Market Cap: ₹912Cr.
Current Price: ₹70.1
Stock P/E: 149
ROE: 5.24%
ROCE: 7.53%
Book Value: ₹10.5
Dividend Yield: 0.00%
52W High / Low: ₹83.9/30.1

In Jun 2026, TIRUPATI FORGE LIMITED (TIRUPATIFL) reported sales ₹38.10 Cr and net profit ₹1.22 Cr.

Annual TTM: sales ₹168 Cr, net profit ₹6 Cr.

Shareholding: Promoters 49.42% (Sep 2026), FIIs 0.43% (Sep 2026), DIIs 0.15% (Sep 2026), Public 49.99% (Sep 2026), No. of Shareholders 56,922% (Sep 2026).

TIRUPATIFL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	32.28	26.14	27.50	32.30	39.67	48.60	41.91	38.10
Expenses	27.45	23.55	24.40	28.62	36.44	43.51	38.05	33.73
Operating Profit	4.83	2.59	3.10	3.68	3.23	5.09	3.86	4.37
OPM %	14.96%	9.91%	11.27%	11.39%	8.14%	10.47%	9.21%	11.47%
Other Income	0.30	0.40	0.43	0.62	1.06	0.66	1.13	0.33
Interest	0.51	0.31	0.44	0.73	0.65	0.87	0.80	0.95
Depreciation	1.02	0.94	1.39	1.67	1.80	2.14	2.12	2.09
Profit before tax	3.60	1.74	1.70	1.90	1.84	2.74	2.07	1.66
Tax %	26.39%	25.29%	24.12%	25.79%	27.17%	26.28%	26.57%	26.51%
Net Profit	2.64	1.31	1.30	1.41	1.34	2.02	1.52	1.22
EPS in Rs	0.25	0.13	0.11	0.12	0.11	0.16	0.12	0.09
Raw PDF	—	—	—	—	—	—	—	—

TIRUPATIFL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	28	31	88	92	110	115	162	168
Expenses	25	28	78	77	97	100	147	152
Operating Profit	2	3	11	15	13	15	16	17
OPM %	9%	9%	12%	16%	12%	13%	10%	10%
Other Income	0	0	1	2	1	1	3	3
Interest	1	0	1	1	1	2	3	3
Depreciation	2	2	2	3	3	4	8	8
Profit before tax	0	1	8	13	9	11	9	8
Tax %	27%	27%	26%	25%	26%	25%	26%	—
Net Profit	0	0	6	9	7	8	6	6
EPS in Rs	0.03	0.04	0.63	0.96	0.64	0.66	0.50	0.48
Dividend Payout %	0%	0%	3%	0%	0%	0%	0%	—

TIRUPATIFL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	6	10	11	20	20	21	24	25
Reserves	9	8	10	7	17	29	83	108
Borrowings	5	5	8	11	10	13	26	42
Other Liabilities	3	3	5	15	5	11	13	29
Total Liabilities	22	25	34	52	51	74	146	204
Fixed Assets	10	13	14	14	15	19	37	57
CWIP	0	0	0	0	0	8	18	67
Investments	0	0	0	0	0	0	0	0
Other Assets	12	12	20	38	36	47	90	80
Total Assets	22	25	34	52	51	74	146	204

TIRUPATIFL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	2	3	-3	1	5	10	6	16
Cash from Investing Activity	-7	-5	-3	-3	-3	-15	-38	-75
Cash from Financing Activity	4	2	5	2	-2	9	61	32
Net Cash Flow	-0	1	-1	1	-1	4	29	-27
Free Cash Flow	-5	-1	-6	-2	1	-4	-33	-60
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	49%	177%	-110%	23%	58%	97%	57%	112%

TIRUPATIFL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	55.76%	48.88%	49.31%	48.10%	48.93%	49.01%	49.75%	49.42%
FIIs	0.03%	0.02%	0.02%	0.02%	0.02%	0.78%	0.45%	0.43%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.15%
Public	44.20%	51.10%	50.67%	51.88%	51.04%	50.21%	49.80%	49.99%
No. of Shareholders	69,704	68,889	66,427	63,915	62,743	59,422	57,512	56,922

TIRUPATIFL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	45	36	52	66	64	53	55	58
Inventory Days	70	134	229	147	143	162	159	135
Days Payable	23	56	92	99	30	60	68	107
Cash Conversion Cycle	93	115	189	114	178	155	145	86
Working Capital Days	61	73	95	56	86	69	106	60
ROCE %	41%	4%	4%	28%	32%	18%	12%	8%

TIRUPATIFLUpdated 18 Oct 2026, 3:28

Tirupati Forge Limited

TIRUPATIFLUpdated 18 Oct 2026, 3:28

Market Cap

₹912Cr.

Current Price

₹70.1

High / Low

₹83.9/30.1

Stock P/E

149

ROE5.24%

ROCE7.53%

Book Value₹10.5

Face Value₹2.00

Dividend Yield0.00%

About

Incorporated in 2012, co manufactures mass quantity Carbon Steel Forged Flanges, Forged componets and other automotive components[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	20.88	0.27	18.48	0.11	0.7	1.54	25.97	1.14	0.12
Sep 2023	23.65	0.26	20.72	0.25	0.86	2.06	25.73	1.53	0.16
Dec 2023	32.36	0.41	28.39	0.14	0.91	2.79	26.16	2.05	0.21
Mar 2024	33.11	0.39	29.62	0.42	0.97	2.55	24.31	1.92	0.19
Jun 2024	29.06	0.38	24.38	0.19	1.03	3.46	24.86	2.6	0.25
Sep 2024	32.28	0.51	27.45	0.3	1.02	3.6	26.39	2.64	0.25
Dec 2024	26.14	0.31	23.55	0.4	0.94	1.74	25.29	1.31	0.13
Mar 2025	27.5	0.44	24.4	0.43	1.39	1.7	24.12	1.3	0.11
Jun 2025	32.3	0.73	28.62	0.62	1.67	1.9	25.79	1.41	0.12
Sep 2025	39.67	0.65	36.44	1.06	1.8	1.84	27.17	1.34	0.11
Dec 2025	48.6	0.87	43.51	0.66	2.14	2.74	26.28	2.02	0.16
Mar 2026	41.91	0.8	38.05	1.13	2.12	2.07	26.57	1.52	0.12
Jun 2026	38.1	0.95	33.73	0.33	2.09	1.66	26.51	1.22	0.09

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	30	1	28	0	1	1	26	1	0.2
Mar 2016	18	1	16	0	1	0	32	0	0.05
Mar 2017	16	0	14	0	1	1	30	0	0.14
Mar 2018	21	0	18	0	1	2	28	2	0.19
Mar 2019	42	0	35	0	1	6	28	4	0.51
Mar 2020	28	1	25	0	2	0	27	0	0.03
Mar 2021	31	0	28	0	2	1	27	0	0.04
Mar 2022	88	1	78	1	2	8	26	6	0.63
Mar 2023	92	1	77	2	3	13	25	9	0.96
Mar 2024	110	1	97	1	3	9	26	7	0.64
Mar 2025	115	2	100	1	4	11	25	8	0.66
Mar 2026	162	3	147	3	8	9	26	6	0.5
TTM	168	3	152	3	8	8	—	6	0.48

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	49.42%
FIIs	0.43%
DIIs	0.15%
Public	49.99%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	57.69%	0%	0%	42.31%
Mar 2024	57.69%	0%	0%	42.31%
Jun 2024	55.76%	0%	0%	44.23%
Sep 2024	55.76%	0.03%	0%	44.21%
Dec 2024	55.76%	0.03%	0%	44.2%
Mar 2025	48.88%	0.02%	0%	51.1%
Jun 2025	49.31%	0.02%	0%	50.67%
Sep 2025	48.1%	0.02%	0%	51.88%
Dec 2025	48.93%	0.02%	0%	51.04%
Mar 2026	49.01%	0.78%	0%	50.21%
Jun 2026	49.75%	0.45%	0%	49.8%
Sep 2026	49.42%	0.43%	0.15%	49.99%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Other Assets	Total Assets
Mar 2015	0.79	1	6	6	14	5	0	9	14
Mar 2016	0.79	1	5	2	10	5	0	5	10
Mar 2017	0.79	2	4	3	10	5	0	6	10
Mar 2018	6	5	0	2	13	4	0	8	13
Mar 2019	6	9	5	3	22	10	0	12	22
Mar 2020	10	8	5	3	25	13	0	12	25
Mar 2021	11	10	8	5	34	14	0	20	34
Mar 2022	20	7	11	15	52	14	0	38	52
Mar 2023	20	17	10	5	51	15	0	36	51
Mar 2024	21	29	13	11	74	19	8	47	74
Mar 2025	24	83	26	13	146	37	18	90	146
Mar 2026	25	108	42	29	204	57	67	80	204

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	3	-1	-2	0
Mar 2016	3	-1	-2	0
Mar 2017	2	-1	-2	0
Mar 2018	-1	-1	2	0
Mar 2019	2	-7	4	0
Mar 2020	3	-5	2	1
Mar 2021	-3	-3	5	-1
Mar 2022	1	-3	2	1
Mar 2023	5	-3	-2	-1
Mar 2024	10	-15	9	4
Mar 2025	6	-38	61	29
Mar 2026	16	-75	32	-27

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	37	25	44	49	45	36	52	66	64	53	55	58
Inventory Days	68	80	104	123	70	134	229	147	143	162	159	135
Days Payable	92	44	107	32	23	56	92	99	30	60	68	107
Cash Conversion Cycle	12	62	41	140	93	115	189	114	178	155	145	86
Working Capital Days	34	6	8	97	61	73	95	56	86	69	106	60
ROCE %	21%	12%	16%	27%	41%	4%	4%	28%	32%	18%	12%	8%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of TIRUPATI FORGE LIMITED (TIRUPATIFL)?

The reported market capitalisation for TIRUPATI FORGE LIMITED (TIRUPATIFL) is ₹912Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of TIRUPATIFL?

The current price shown for TIRUPATI FORGE LIMITED (TIRUPATIFL) on Fincrux is ₹70.1 with a 52-week high/low of ₹83.9/30.1.

What is the P/E ratio of TIRUPATI FORGE LIMITED (TIRUPATIFL)?

The stock P/E for TIRUPATI FORGE LIMITED (TIRUPATIFL) is 149 on Fincrux, with ROE at 5.24% and ROCE at 7.53%.

What were TIRUPATIFL latest quarterly results?

For Jun 2026, TIRUPATI FORGE LIMITED (TIRUPATIFL) reported sales ₹38.10 Cr and net profit ₹1.22 Cr (figures in ₹ crore unless noted).

What are TIRUPATIFL annual sales and net profit?

For TTM, TIRUPATI FORGE LIMITED (TIRUPATIFL) shows sales of ₹168 Cr and net profit of ₹6 Cr on the Fincrux profit & loss statement.

Who owns TIRUPATI FORGE LIMITED (TIRUPATIFL)?

Latest shareholding for TIRUPATI FORGE LIMITED (TIRUPATIFL) on Fincrux: Promoters 49.42% (Sep 2026), FIIs 0.43% (Sep 2026), DIIs 0.15% (Sep 2026), Public 49.99% (Sep 2026), No. of Shareholders 56,922% (Sep 2026).

Where can I find TIRUPATI FORGE LIMITED (TIRUPATIFL) financials?

TIRUPATI FORGE LIMITED (TIRUPATIFL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show TIRUPATIFL balance sheet and cash flow?

Yes. The TIRUPATI FORGE LIMITED (TIRUPATIFL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 3:28