Tirupati Forge Ltd (TIRUPATIFL) — shareholding pattern, promoter holding, financials and share price
About Tirupati Forge Ltd (TIRUPATIFL)
Tirupati Forge Ltd operates in the Industrial Products industry, within the Capital Goods sector. It trades on the NSE as TIRUPATIFL and on the BSE under scrip code 535021. Its ISIN is INE319Y01024.
Incorporated in 2012, co manufactures mass quantity Carbon Steel Forged Flanges, Forged componets and other automotive components [1]
Tirupati Forge Limited manufactures closed-die forged products, forged flanges and precision machined components from an integrated Rajkot facility, serving oil & gas, automotive, defence, aerospace, power and mining clients; roughly 65% of revenue is export-led with key markets including the USA, Canada and Europe.
The company is entering defence manufacturing with civil works completed and commissioning scheduled for March 2026 to produce 155 mm MT107 empty shell bodies at 150,000 units per annum; management targets 50% utilisation in Q1FY27 and 80% by FY28, and has announced a planned capacity expansion in FY27 to capture global defence demand.
Listed peers in Industrial Products: Eimco Elecon (India) Ltd, Mamata Machinery Ltd, Rajoo Engineers Ltd, Bajaj Steel Industries Ltd, Indef Manufacturing Ltd, Forbes Precision Tools & Machine Parts Ltd.
Valuation & Returns
10 Jul 2026At ₹68.1 a share on 10 Jul 2026, Tirupati Forge Ltd (TIRUPATIFL) was valued at a price-to-earnings ratio of 139.87x against an industry P/E of 48.01x and a price-to-book of 8.22x on a book value of ₹8.29 per share as of Mar 2025. Solomo computes return on equity of 5.88% and return on capital employed of 8.71% from filed results. Earnings ratios use standalone results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 139.87x
- Industry P/E
- 48.01x
- P/B
- 8.22x
- EPS (TTM)
- ₹0.49
- Book value / share
- ₹8.29
- ROE
- 5.88%
- ROCE
- 8.71%
- ROA
- 4.31%
- Debt / equity
- 0.24x
- Dividend yield
- 0%
- EBITDA margin
- 11.89%
- 52-week range
- ₹30.11 – ₹74.9
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Tirupati Forge Ltd (TIRUPATIFL) reported revenue of ₹162 crore, net profit of ₹6 crore and earnings per share of ₹0.5. That compares with revenue of ₹115 crore and net profit of ₹8 crore in Mar 2025. Figures are standalone, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹41.91 crore and net profit ₹1.52 crore (standalone).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 88 | 92 | 110 | 115 | 162 |
| Net profit (₹ cr) | 6 | 9 | 7 | 8 | 6 |
| EPS (₹) | 0.63 | 0.96 | 0.64 | 0.66 | 0.5 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 33.02% | 9.23% | 4.53% |
| Profit growth | 95.49% | 8.07% | 18.37% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 49.75% of Tirupati Forge Ltd (TIRUPATIFL) (up 0.74 pp QoQ). Market capitalisation was ₹880 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2018.
Largest disclosed public shareholders in Jun 2026: Devansh Trademart Llp 2.52%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 49.75% | - | - | - | - |
| Mar 2026 | 49.01% | - | - | - | - |
| Dec 2025 | 48.93% | - | - | - | - |
| Sep 2025 | 48.1% | - | - | - | - |
| Jun 2025 | 49.31% | - | - | - | - |
| Mar 2025 | 48.88% | - | - | - | - |
| Dec 2024 | 55.76% | - | - | - | - |
| Sep 2024 | 55.76% | - | - | - | - |