Tirupati Forge Ltd (Castings, Forgings & Fastners) — fundamental analysis, earnings data, and key metrics. PE: 97.0. ROE: 10.0%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 earnings • Updated Mar 14, 2026
What: New facility expansion completed with sequential revenue growth indicating successful ramp-up phase
Impact: +₹12.5 Cr revenue
“MarketsMojo: 'This marked the company's seventh consecutive quarter of revenue growth, underscoring robust demand for its forged components across automotive, bearing, and industrial applications.'”
What: Sequential OPM improvement of 230 bps QoQ indicating cost management efforts taking hold
Impact: +₹2.5 Cr revenue
“MarketsMojo: 'Operating margin excluding other income compressed to 10.47% in Q3 FY26 from 16.14% in Q2 FY24, reflecting the challenges of scaling operations whilst managing input costs.'”
What: Debt-to-equity of 0.05 providing financial flexibility for growth without interest burden
“MarketsMojo: 'Debt-to-equity of just 0.05 and debt-to-EBITDA of 1.53x provide financial flexibility'”
Earnings deceleration risks from management commentary
Trigger: Revenue growth >20% QoQ without corresponding cost control
Impact: -300 bps margin impact
Management view: MarketsMojo: 'This margin compression persisted through to the bottom line, with PAT margins declining to 4.16% from 8.95% a year earlier, despite absolute profit growth of 54.20% YoY.'
Monitor: PAT margin trajectory
Trigger: Continued aggressive capex without revenue proportionality
Impact: -200 bps margin impact
Management view: MarketsMojo: 'The quarter witnessed rising operational costs, with employee expenses climbing to ₹2.39 crores from ₹1.41 crores in Q2 FY24, whilst interest costs nearly tripled to ₹0.87 crores from ₹0.31 crores year-on-year. Depreciation charges surged to ₹2.14 crores, reflecting the company's aggressive capital expenditure programme.'
Monitor: Depreciation as % of revenue
Key quotes from recent conference calls
“Depreciation charges surged to ₹2.14 crores, reflecting the company's aggressive capital expenditure programme. — MarketsMojo Analysis”
“Operating margin excluding other income compressed to 10.47% in Q3 FY26 from 16.14% in Q2 FY24, reflecting the challenges of scaling operations whilst managing input costs. — MarketsMojo Analysis”
“This marked the company's seventh consecutive quarter of revenue growth, underscoring robust demand for its forged components across automotive, bearing, and industrial applications. — MarketsMojo Analysis”
“Not explicitly provided in available sources — N/A”
Forward-looking targets from management for N/A
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Mar 14, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Tirupati Forge Ltd's latest quarterly results (Dec 2025) show
Tirupati Forge Ltd's current PE ratio is 97.0x.
Tirupati Forge Ltd's price-to-book ratio is 4.9x.
Tirupati Forge Ltd's fundamental strength based on key financial ratios
Tirupati Forge Ltd has a debt-to-equity ratio of N/A.
Tirupati Forge Ltd's return ratios over recent years
Tirupati Forge Ltd's operating cash flow is positive (FY2025).
Tirupati Forge Ltd currently does not pay a significant dividend (yield 0.00%).
Tirupati Forge Ltd's shareholding pattern (Feb 2026)
Tirupati Forge Ltd's promoter holding has increased recently.
Tirupati Forge Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Tirupati Forge Ltd has 3 key growth catalysts identified from recent earnings analysis
Tirupati Forge Ltd has 2 key risks worth monitoring
In Q3 FY26, Tirupati Forge Ltd's management highlighted
Tirupati Forge Ltd's management has provided the following forward guidance for N/A
Based on quantitative research signals, here is why Tirupati Forge Ltd may be worth studying
Tirupati Forge Ltd investment thesis summary:
Tirupati Forge Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
