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TIRU

Tirupati ForgeNSEI:TIRUPATIFL Stock Report

Market Cap

₹1.3b

7D

-21.8%

1Y

282.6%

Updated

25 Oct, 2021

Data

Company Financials
TIRUPATIFL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends0/6

TIRUPATIFL Overview

Tirupati Forge Limited manufactures and sells carbon steel forged flanges, and forged and other automotive components in India.

Tirupati Forge Competitors

Ramkrishna Forgings

BSE:532527

₹38.5b

M M Forgings

BSE:522241

₹20.4b

Price History & Performance

Summary of all time highs, changes and price drops for Tirupati Forge
Historical stock prices
Current Share Price₹12.90
52 Week High₹2.31
52 Week Low₹17.05
Beta-0.51
1 Month Change22.69%
3 Month Change76.92%
1 Year Change282.63%
3 Year Change292.61%
5 Year Changen/a
Change since IPO349.25%

Recent News & Updates

Feb 12
Are Tirupati Forge Limited's (NSE:TIRUPATIFL) Mixed Financials Driving The Negative Sentiment?

Are Tirupati Forge Limited's (NSE:TIRUPATIFL) Mixed Financials Driving The Negative Sentiment?

It is hard to get excited after looking at Tirupati Forge's (NSE:TIRUPATIFL) recent performance, when its stock has...

Shareholder Returns

TIRUPATIFLIN Metals and MiningIN Market
7D-21.8%-5.1%-3.1%
1Y282.6%123.7%61.0%

Return vs Industry: TIRUPATIFL exceeded the Indian Metals and Mining industry which returned 123.7% over the past year.

Return vs Market: TIRUPATIFL exceeded the Indian Market which returned 61% over the past year.

Price Volatility

Is TIRUPATIFL's price volatile compared to industry and market?
TIRUPATIFL volatility
TIRUPATIFL Beta-0.51
Industry Beta1.22
Market Beta1

Stable Share Price: TIRUPATIFL is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: TIRUPATIFL's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
201292Hiteshkumar Thummarhttps://www.tirupatiforge.com

Tirupati Forge Limited manufactures and sells carbon steel forged flanges, and forged and other automotive components in India. The company provides slip-on, weld-neck, blind, lap-joint, threaded, and socket weld flanges; and din, conical, and plate flanges. It also offers auto parts, bearings, gears, crank shafts, hammer unions, forged pipe fittings, and seamless rolled rings.

Tirupati Forge Fundamentals Summary

How do Tirupati Forge's earnings and revenue compare to its market cap?
TIRUPATIFL fundamental statistics
Market Cap₹1.26b
Earnings (TTM)₹9.95m
Revenue (TTM)₹384.47m

127.0x

P/E Ratio

3.3x

P/S Ratio

Is TIRUPATIFL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TIRUPATIFL income statement (TTM)
Revenue₹384.47m
Cost of Revenue₹210.80m
Gross Profit₹173.67m
Expenses₹163.72m
Earnings₹9.95m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin45.17%
Net Profit Margin2.59%
Debt/Equity Ratio36.6%

How did TIRUPATIFL perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

n/a

Payout Ratio

Valuation

Is Tirupati Forge undervalued compared to its fair value and its price relative to the market?

127.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TIRUPATIFL (₹12.9) is trading above our estimate of fair value (₹0.29)

Significantly Below Fair Value: TIRUPATIFL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TIRUPATIFL is poor value based on its PE Ratio (127x) compared to the Indian Metals and Mining industry average (12x).

PE vs Market: TIRUPATIFL is poor value based on its PE Ratio (127x) compared to the Indian market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TIRUPATIFL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TIRUPATIFL is overvalued based on its PB Ratio (6.1x) compared to the IN Metals and Mining industry average (1.7x).


Future Growth

How is Tirupati Forge forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-9.2%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tirupati Forge has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Tirupati Forge performed over the past 5 years?

-26.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TIRUPATIFL has high quality earnings.

Growing Profit Margin: TIRUPATIFL's current net profit margins (2.6%) are higher than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: TIRUPATIFL's earnings have declined by 26.4% per year over the past 5 years.

Accelerating Growth: TIRUPATIFL's earnings growth over the past year (637.7%) exceeds its 5-year average (-26.4% per year).

Earnings vs Industry: TIRUPATIFL earnings growth over the past year (637.7%) exceeded the Metals and Mining industry 129.5%.


Return on Equity

High ROE: TIRUPATIFL's Return on Equity (4.8%) is considered low.


Financial Health

How is Tirupati Forge's financial position?


Financial Position Analysis

Short Term Liabilities: TIRUPATIFL's short term assets (₹179.4M) exceed its short term liabilities (₹97.9M).

Long Term Liabilities: TIRUPATIFL's short term assets (₹179.4M) exceed its long term liabilities (₹31.4M).


Debt to Equity History and Analysis

Debt Level: TIRUPATIFL's debt to equity ratio (36.6%) is considered satisfactory.

Reducing Debt: TIRUPATIFL's debt to equity ratio has reduced from 216.1% to 36.6% over the past 5 years.

Debt Coverage: TIRUPATIFL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: TIRUPATIFL's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet


Dividend

What is Tirupati Forge current dividend yield, its reliability and sustainability?

0.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TIRUPATIFL's dividend (0.18%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: TIRUPATIFL's dividend (0.18%) is low compared to the top 25% of dividend payers in the Indian market (1.41%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether TIRUPATIFL's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if TIRUPATIFL's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Hiteshkumar Thummar (39 yo)

4.25yrs

Tenure

₹1,500,000

Compensation

Mr. Hiteshkumar Gordhanbhai Thummar has been Chairman and Managing Director of Tirupati Forge Limited since August 31, 2017. Mr. Thummar guides the strategic decisions of Tirupati Forge Limited and has bee...


CEO Compensation Analysis

Compensation vs Market: Hiteshkumar's total compensation ($USD19.99K) is below average for companies of similar size in the Indian market ($USD38.82K).

Compensation vs Earnings: Hiteshkumar's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: TIRUPATIFL's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: TIRUPATIFL's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tirupati Forge Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Tirupati Forge Limited
  • Ticker: TIRUPATIFL
  • Exchange: NSEI
  • Founded: 2012
  • Industry: Steel
  • Sector: Materials
  • Market Cap: ₹1.264b
  • Shares outstanding: 98.00m
  • Website: https://www.tirupatiforge.com

Number of Employees


Location

  • Tirupati Forge Limited
  • Plot No. 1-5, Survey No. 92/1
  • Near Shan Cement
  • Rajkot
  • Gujarat
  • 360311
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:58
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.