Tirupati Forge Ltd.
Snapshot View

77.40 +3.65 ▲5.0%

02 August 2021, 03:45:35 P.M.
Volume: 916

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Forgings Compare with Industry peers
Website http://www.tirupatiforge.com
Financial Indicators
Market Cap 86.69 Cr.
Earnings per share (EPS) 0.35 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 220.02 Trailing Twelve Months Ending 2021-03
Industry PE - Trailing Twelve Months Ending 2021-03
Book Value / Share 18.54 Trailing Twelve Months Ending 2021-03
Price to Book Value 4.18 Calculated using Price: 77.40
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 1.12 Cr. 11,200,000 Shares
FaceValue 10
Company Profile

Tirupati Forge was incorporated under the provisions of Companies Act, 1956 as ‘Tirupati Forge Private Limited’ in Gujarat vide Certificate of Incorporation issued by Registrar of Companies, Gujarat on August 17, 2012. Consequently, it was converted into a public limited company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the Company held on July 31, 2017 and the name of the Company was changed to ‘Tirupati Forge Limited’ and a fresh certificate of incorporation consequent upon Conversion of Private Company to Public Limited dated August 11, 2017 was issued by Registrar of Companies, Gujarat, Ahmedabad.

Business area of the Company

The Company is an ISO 9001:2008 certified Company engaged in manufacturing of closed die forged products like auto component, bearings, gears, etc and forged flanges of mild steel, carbon steel, stainless steel, etc. based out at Hadamtala Industrial Estate, Rajkot, Gujarat.  The company was initially set up to cater requirements of international market mainly to US and gradually, it started exporting to Italy, Morocco etc as well as in domestic market. They have equipped forge shop with all supporting facilities like in house die shop, ring rolling machines, CNC Machine Shop, CNC Drilling, Stamping Machine, Automated Paint Line etc.

Major Events & Milestones:

  • 2012: Incorporation of Company.
  • 2013: Received Certificate from TUV Nord for Management System in accordance with ISO 9001:2008.
  • 2016: Received Certificate from TUV Nord for Quality Assurance System for Material Manufacturer in accordance with AD 2000 – Merkblatt W0.
  • 2016: Received Status of One Star Export House.
  • 2017: Received Award for Export Excellence from EEPC India, Western Region for Steel Forging.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+4.95%
1 Week
+27.30%
1 Month
+131.04%
3 Month
+209.60%
6 Month
+230.77%
1 Year
+212.73%
2 Year
+168.94%
5 Year
8 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -0.88 41.85 8.01 20.50 23.60 33.26 1.68
Return on Capital Employed (%) 8.97 21.37 12.15 16.37 26.68 41.31 4.23
Return on Assets (%) -0.10 5.88 1.43 5.02 13.60 23.97 1.15

Balance Sheet View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 0 1 2 2 3 10 15 19
Non Curr. Liab. 1 5 4 3 2 0 3 2
Curr. Liab. 0 3 8 4 5 2 5 4
Minority Int.
Equity & Liab. 2 10 14 10 10 13 22 25
Non Curr. Assets 0 5 5 5 5 4 10 13
Curr. Assets 2 5 9 5 5 8 12 12
Misc. Exp. not W/O
Total Assets 2 10 14 10 10 13 22 25

Profit Loss View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 7 30 18 16 21 42 28
Other Income 0 0 0 0 0 0 0
Total Income 7 30 18 16 21 42 28
Total Expenditure -6 -28 -16 -14 -18 -35 -25
PBIDT 1 3 2 2 3 7 3
Interest 0 -1 -1 0 0 0 -1
Depreciation 0 -1 -1 -1 -1 -1 -2
Taxation 0 0 0 -1 -2 0
Exceptional Items
PAT 0 1 0 0 2 4 0

Cash Flow View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -1 0 3 3 2 -1 2 4
Cash Fr. Inv. 0 -5 -1 -1 -1 -1 -7 -5
Cash Fr. Finan. 2 6 -2 -2 -2 2 4 2
Net Change 0 0 0 0 0 0 0 2
Cash & Cash Eqvt 0 0 0 0 0 1 0 2

Shareholding Pattern View Details

9 Qtrs 2018-03 (%) 2018-09 (%) 2019-03 (%) 2019-09 (%) 2020-03 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 68.14 68.15 69.25 67.30 62.40 57.50 57.49 58.03 58.52
Public 31.86 31.85 30.75 32.70 37.60 42.51 42.51 41.97 41.47
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 48.08 48.08 47.63 47.23

Announcements View Details

Fri, 23 Jul 2021
Record Date
Tirupati Forge Limited has informed the Exchange that Record date for the purpose of Dividend is 14-Aug-2021.
Fri, 23 Jul 2021
Reply to Clarification Sought
TIRUPATIFL: The Exchange had sought clarification from Tirupati Forge Limited with respect to announcement dated 15-Jul-2021, regarding disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify following: 1. Existing capacity; 2. Existing capacity utilization; 3. Proposed capacity addition; 4. Period within which the proposed capacity is to be added; 5. Investment required; 6. Mode of financing; 7. Rationale. The response of the Company is attached.
Thu, 22 Jul 2021
Reply to Clarification Sought
TIRUPATIFL: The Exchange had sought clarification from Tirupati Forge Limited with respect to announcement dated 15-Jul-2021, regarding disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify following: 1. Existing capacity; 2. Existing capacity utilization; 3. Proposed capacity addition; 4. Period within which the proposed capacity is to be added; 5. Investment required; 6. Mode of financing; 7. Rationale. The response of the Company is attached.

Technical Scans View Details

Mon, 02 Aug 2021
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