Tirupati Forge Ltd

Tirupati Forge Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tirupati Forge Ltd

₹ 68.6 -2.00%
20 Dec - close price
tirupatiforge.com NSE: TIRUPATIFL
About

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

Key Points

Product Offerings
The company offers closed-die forged products like auto components, bearings, gears, forged flanges of mild steel, carbon steel, stainless steel, etc under its brand Tirupati, for applications in the automotive, aerospace, construction, marine, power, and other industries. [1]

The company’s total revenue grew by 25% between FY22 and FY24, driven by increased sales volume and demand growth, following new approvals from large companies in India for the supply of forgings and machined components. [2] [3] [4]

Website NSE - BE
  • Market Cap ₹ 711 Cr.
  • Current Price ₹ 68.6
  • High / Low ₹ 72.9 / 13.2
  • Stock P/E 77.2
  • Book Value ₹ 5.32
  • Dividend Yield 0.00 %
  • ROCE 18.3 %
  • ROE 15.0 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 12.9 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last 3 years: -3.02%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
18.27 27.10 30.00 25.33 26.53 16.78 23.39 20.88 23.65 32.36 33.11 29.06 32.28
17.01 22.13 26.93 20.96 22.00 14.60 19.87 18.48 20.72 28.39 29.62 24.38 27.45
Operating Profit 1.26 4.97 3.07 4.37 4.53 2.18 3.52 2.40 2.93 3.97 3.49 4.68 4.83
OPM % 6.90% 18.34% 10.23% 17.25% 17.08% 12.99% 15.05% 11.49% 12.39% 12.27% 10.54% 16.10% 14.96%
0.21 0.13 0.55 0.70 0.54 0.24 0.33 0.11 0.25 0.14 0.42 0.19 0.30
Interest 0.23 0.28 0.22 0.30 0.19 0.36 0.22 0.27 0.26 0.41 0.39 0.38 0.51
Depreciation 0.60 0.72 0.62 0.64 0.63 0.65 0.78 0.70 0.86 0.91 0.97 1.03 1.02
Profit before tax 0.64 4.10 2.78 4.13 4.25 1.41 2.85 1.54 2.06 2.79 2.55 3.46 3.60
Tax % 57.81% 24.88% 29.50% 25.18% 24.71% 27.66% 25.26% 25.97% 25.73% 26.16% 24.31% 24.86% 26.39%
0.27 3.07 1.97 3.08 3.19 1.02 2.14 1.14 1.53 2.05 1.92 2.60 2.64
EPS in Rs 0.03 0.31 0.20 0.31 0.33 0.10 0.22 0.12 0.16 0.21 0.19 0.25 0.25
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 7 30 18 16 21 42 28 31 88 92 110 127
0 6 28 16 14 18 35 25 28 78 77 97 110
Operating Profit 0 1 3 2 2 3 7 2 3 11 15 13 17
OPM % 9% 9% 9% 12% 15% 17% 9% 9% 12% 16% 12% 13%
0 0 0 0 0 0 0 0 0 1 2 1 1
Interest 0 0 1 1 0 0 0 1 0 1 1 1 2
Depreciation 0 0 1 1 1 1 1 2 2 2 3 3 4
Profit before tax 0 0 1 0 1 2 6 0 1 8 13 9 12
Tax % 26% 32% 30% 28% 28% 27% 27% 26% 25% 26%
0 -0 1 0 0 2 4 0 0 6 9 7 9
EPS in Rs -0.01 0.62 0.15 0.44 0.19 0.51 0.03 0.04 0.63 0.96 0.64 0.90
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 3% 0% 0%
Compounded Sales Growth
10 Years: 32%
5 Years: 21%
3 Years: 53%
TTM: 50%
Compounded Profit Growth
10 Years: 91%
5 Years: 9%
3 Years: 160%
TTM: 58%
Stock Price CAGR
10 Years: %
5 Years: 85%
3 Years: 85%
1 Year: 426%
Return on Equity
10 Years: 19%
5 Years: 17%
3 Years: 22%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.01 0.79 0.79 0.79 0.79 6 6 10 11 20 20 21 21
Reserves 0 1 1 1 2 5 9 8 10 7 17 29 34
1 7 6 5 4 0 5 5 8 11 10 13 16
0 1 6 2 3 2 3 3 5 15 5 11 12
Total Liabilities 2 10 14 10 10 13 22 25 34 52 51 74 83
0 5 5 5 5 4 10 13 14 14 15 19 22
CWIP 0 0 0 0 0 0 0 0 0 0 0 8 11
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
2 5 9 5 6 8 12 12 20 38 36 47 51
Total Assets 2 10 14 10 10 13 22 25 34 52 51 74 83

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 -0 3 3 2 -1 2 3 -3 1 5 10
-0 -5 -1 -1 -1 -1 -7 -5 -3 -3 -3 -15
2 6 -2 -2 -2 2 4 2 5 2 -2 9
Net Cash Flow 0 0 -0 0 -0 0 -0 1 -1 1 -1 4

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 56 37 25 44 49 45 36 52 66 64 53
Inventory Days 150 68 80 104 123 70 134 229 147 143 162
Days Payable 103 92 44 107 32 23 56 92 99 30 60
Cash Conversion Cycle 103 12 62 41 140 93 115 189 114 178 155
Working Capital Days 159 34 28 38 102 77 87 149 84 117 101
ROCE % 9% 21% 12% 16% 27% 41% 4% 4% 28% 32% 18%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.78% 58.78% 57.59% 57.59% 57.59% 57.59% 57.59% 57.69% 57.69% 57.69% 55.76% 55.76%
0.00% 0.00% 0.00% 0.00% 0.66% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03%
41.21% 41.21% 42.42% 42.41% 41.75% 42.41% 42.41% 42.31% 42.31% 42.31% 44.23% 44.21%
No. of Shareholders 8,7809,2859,2519,25216,39119,62923,72633,77442,47850,84164,86969,776

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Concalls

  • Mar 2023
    Transcript
    Notes
    PPT
  • Dec 2022
    Transcript
    Notes
    PPT
  • Feb 2022
    Transcript
    Notes
    PPT