Debut Plus

₹68.17

▲ +1.24 +1.85%

18 Jul 2026

NSE Listed

ASM 1

Tirupati Forge Limited (TIRUPATIFL)

Volume: 9,58,501Avg Vol 1W: 5,78,594.6Avg Vol 1M: 19,18,378.1552W Range:₹30.11₹74.9
NSE BSE www.tirupatiforge.com
Key Ratios
Checked 23h ago
Market Cap₹865 Cr
Current Price₹68.17
Previous Close₹66.93
High / Low (52w)₹74.9 / ₹30.11
Volume9,58,501
Avg Vol (1W)5,78,594.6
Avg Vol (1M)19,18,378.15
Stock P/E557.75
Book Value₹10.75
Dividend Yield0%
ROE471.9%
ROA308.7%
Revenue (TTM)₹116 Cr
Revenue Growth—
Profit Margin387.1%
Total Debt—
Shares Outstanding13 Cr
Face Value₹2
EPS (TTM)₹0.49
P/B6.23
Debt / Equity0.25
50 DMA₹52.22
200 DMA₹41.75
Day change+1.85%
SurveillanceASM 1 (as of 2026-07-10)
Price Chart
₹68.17▲ 59.69% · 1Y
₹72₹3171.9L
2025-07-18
2026-07-16

20-day avg volume: 19.2L shares

Pros
  • Healthy return on equity of 471.9%.
  • Company is almost debt-free.
Cons
  • Revenue fell 50% YoY.
  • Stock trades at a high P/E of 558.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹29 Cr₹32 Cr₹26 Cr₹28 Cr₹32 Cr₹40 Cr₹49 Cr₹42 Cr
EBITDA₹4 Cr₹4 Cr₹2 Cr₹2 Cr₹3 Cr₹2 Cr₹4 Cr₹3 Cr
Net Profit₹3 Cr₹3 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹2 Cr₹2 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹21 Cr₹42 Cr₹28 Cr₹31 Cr₹89 Cr₹94 Cr₹111 Cr₹116 Cr
EBITDA₹2 Cr₹6 Cr₹1 Cr₹1 Cr₹9 Cr₹14 Cr₹10 Cr₹12 Cr
Net Profit₹2 Cr₹4 Cr₹0 Cr₹0 Cr₹6 Cr₹9 Cr₹7 Cr₹8 Cr
EPS3.577.210.260.040.640.960.670.73
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹13 Cr₹22 Cr₹25 Cr₹34 Cr₹52 Cr₹51 Cr₹74 Cr₹146 Cr
Total Liabilities₹2 Cr₹8 Cr₹7 Cr₹13 Cr₹26 Cr₹15 Cr₹24 Cr₹39 Cr
Equity₹10 Cr₹15 Cr₹19 Cr₹21 Cr₹27 Cr₹36 Cr₹50 Cr₹107 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-3 Cr₹2 Cr₹8 Cr₹12 Cr₹9 Cr
Investing₹-3 Cr₹-3 Cr₹-3 Cr₹-15 Cr₹-38 Cr
Financing₹5 Cr₹2 Cr₹-2 Cr₹9 Cr₹61 Cr
Free Cash Flow₹-3 Cr₹2 Cr₹8 Cr₹12 Cr₹9 Cr
Shareholding
Promoter 49.75% Institutions 0.76% Public 49.49%
Efficiency & Working Capital
ROCE6.6%
Interest Coverage7.4
Dividend Payout—
Debtor Days54 d
Inventory Days73 d
Payable Days31 d
Cash Conversion Cycle96 d
Working Capital Days128 d
Shareholding Details

As of 2026-04-30

Promoter49.7%
FII0.8%
DII0%
Institutions0.8%
Public49.5%
Promoter Pledge0%
No. of Shareholders59,423
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodAug 2025Aug 2025Sept 2025Oct 2025Oct 2025Dec 2025Jan 2026Jan 2026Feb 2026Mar 2026Apr 2026Apr 2026
Promoters48.1%48.1%48.1%48.9%48.9%48.9%48.9%48.9%49%49%49.7%49.7%
FIIs0%0%0%0%0%0%0%0%0%0.8%0.8%0.8%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public51.9%51.9%51.9%51%51%51%51%51%51%50.2%49.5%49.5%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders66,42766,42763,91563,91563,91562,74263,91563,91562,74559,42259,42359,423
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Chetna Mukeshbhai ThumarShareholding of Promoter and Promoter Group15.5%2.00 Cr
Bhargavi Manojbhai ThummarShareholding of Promoter and Promoter Group14.2%1.83 Cr
Hiteshkumar Gordhanbhai ThummarShareholding of Promoter and Promoter Group9.3%1.21 Cr
Jayaben Shivlal ThumarShareholding of Promoter and Promoter Group4.7%60,64,192
Devansh Trademart LlpPublic Shareholding4.4%56,80,439
Otamben Khodabhai ThumarShareholding of Promoter and Promoter Group4%52,15,000
Darshna Hiteshbhai ThummarShareholding of Promoter and Promoter Group2%25,84,400
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Chetna Mukeshbhai Thumar00%2026-04-27
Bhargavi Manojbhai Thummar00%2026-04-27
Hiteshkumar Gordhanbhai Thummar00%2026-04-27
Jayaben Shivlal Thumar00%2026-04-27
Otamben Khodabhai Thumar00%2026-04-27
Darshna Hiteshbhai Thummar00%2026-04-27
Devansh Trademart Llp00%2026-04-27
Chetna Mukeshbhai Thumar00%2026-03-31
Bhargavi Manojbhai Thummar00%2026-03-31
Hiteshkumar Gordhanbhai Thummar00%2026-03-31
Jayaben Shivlal Thumar00%2026-03-31
Otamben Khodabhai Thumar00%2026-03-31
Board of Directors
NameDesignationYear
Hiteshkumar Gordhanbhai ThummarChairman / Executive Director / Managing Director2025
BHAVESH TULSHIBHAI BARSIYAE D & Wholetime Director2025
Darshna Hiteshbhai ThummarNon Executive Director2025
Jagruti Nitinkumar ErdaIndependent Non Exe. Director2025
Smita Sachin RavaniIndependent Non Exe. Director2025
Malappa BelariIndependent Non Exe. Director2025
Milan SakhiyaCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Forgings and Machined Components fo₹0 Cr—
Segments — Geography
RegionRevenueShare
Domestic₹51 Cr44.5%
Export₹64 Cr55.5%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹2272424
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000101
2025000101
2025000000
Company Information
Incorporated2012
ChairmanHiteshkumar Gordhanbhai Thummar
AuditorKamlesh Rathod & Associates
Investor Email[email protected]
🌐 www.tirupatiforge.com ↗

📍 Plot No 1-5 Survey No 92/1, Near Shan Cement NH 27, Rajkot, Gujarat, 360311

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