Tirupati Forge Ltd
TIRUPATIFLTirupati Forge Ltd's price has outrun its earnings. +80.9% in a year against EPS −24.2% — the market is paying now for delivery later.
The sharpest disagreement: the price moved +80.9% in a year while annual EPS moved −24.2% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (19 weeks in) while the P/E sits at the 97th percentile of its own 9-year range. Underneath, the last four quarters read improving — profit +16.9% year on year, and 152% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Tirupati Forge Ltd trades at ₹70.0, in a confirmed uptrend and 19 weeks into that stage. That is +48.2% against its own 200-day average. It sits at 91% of a 52-week range of ₹32 to ₹74. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 11 straight weeks.
Today the stock is in a confirmed uptrend — week 19 of stage 2, confirmed. At ₹70.0 it trades +48.2% versus its 200-day average and sits at 91% of its 52-week range (₹32–₹74).
Against the market, two honest reads. Cumulative: over the last 8.8 years the stock moved +2,689% while the NIFTY 500 moved +161% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 11 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Tirupati Forge Ltd trades at 144.0× P/E, at the pricey end of its own range (97th percentile). Its long-run median P/E is 25.9×, measured across 8.8 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 144.0× is at the pricey end of its own range (97th percentile), against a long-run median of 25.9× measured over 8.8 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved −24.2% against a +80.9% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +52.7%/yr price move, ~+65.7%/yr came from earnings growth and ~−13.0 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Tirupati Forge Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −45.8% at the trough to +16.9% off a 2-quarter-old trough (single-quarter readings), ROCE slipping at 8.0%. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +40.9% | +20.8% | +39.2% | +24.6% |
| Profit | −25.0% | −12.6% | — | — |
| EPS | −24.2% | −19.5% | +65.7% | +12.8% |
| Share price | +80.9% | +103.1% | +52.7% | — |
4-Factor Sector Score
50.9/100 — rank 11 of 19 in Castings, Forgings & Fastners · 76% evidence confidence
Tirupati Forge Ltd scores 50.9 out of 100 against the 19 companies it is compared with in Castings, Forgings & Fastners, ranking 11. Price leads the evidence: RS versus the benchmark is 63%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 14 + 8.2 + 8.7 + 20 = 50.9. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Tirupati Forge Ltd reported ₹41.9 Cr of revenue in the Mar 26 quarter, +52.4% year on year. That is the 4th straight quarter of year-on-year growth. Over 10 years it has compounded at 24.6% a year. The last full year, FY26, came in at ₹162 Cr. The last four reported quarters add to ₹162 Cr.
FY26 revenue came in at ₹162 Cr (+40.9% on the year), capping 10 years at 24.6% compound. The latest quarter (Mar 26) printed ₹41.9 Cr, +52.4% year on year — the 4th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +43.1% growth against the decade's 24.6% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +41.3% over the last 4 quarters against +21.5%/yr over the last 8 — accelerating; TTM profit −19.9% vs −2.7%/yr — rolling over.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Tirupati Forge Ltd's operating margin is 9.2% in the Mar 26 quarter, −2.1 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 9.0% to 17.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 9.2%, −2.1 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 9.0%–17.0%.
🚨 Why the margin moved: operating margin went −2.1 pp year on year while gross margin went +9.8 pp — the loss came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Tirupati Forge Ltd earned ₹1.5 Cr of net profit in the Mar 26 quarter, +16.9% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹6.0 Cr. That is 3.6% of the quarter's revenue. The same quarter a year earlier earned ₹1.3 Cr.
Mar 26 profit was ₹1.5 Cr, +16.9% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹6.0 Cr (−25.0%).
Why profit moved: revenue contributed +52.4% and the margin −2.1 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit −6.0% vs revenue +43.1%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 152% of Tirupati Forge Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹16.0 Cr of operating cash against ₹6.0 Cr of profit. After ₹77.0 Cr of capital spending, ₹−61.0 Cr was left as free cash.
FY26: operating cash of ₹16.0 Cr against reported profit of ₹6.0 Cr, leaving free cash of ₹−61.0 Cr after ₹77.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 152% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 152%: the cash cycle tightened 109 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 8.3× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Tirupati Forge Ltd's cash conversion cycle runs 80 days in FY26, down from 189 days in FY21. Capital spending ran ₹124 Cr over the last 3 years. At FY26 sales of ₹162 Cr each day of that cycle holds about ₹0.4 Cr, so roughly ₹36.0 Cr sits inside the business at any moment.
FY26: debtors at 58 days, inventory at 103 days — roughly 3.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 80 days, tighter than FY21's 189.
The full loop: cash goes out to suppliers and production on day 0; stock waits 103 days to sell; customers pay about 58 days after that; and suppliers themselves are paid at 82 days — netting out to the 80-day cycle.
In money terms: at FY26 sales of ₹162 Cr, each day of the cycle holds about ₹0.4 Cr — so the 80-day loop keeps roughly ₹36.0 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹124 Cr over the last 3 fiscal years against ₹15.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹67.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Tirupati Forge Ltd earns a ROCE of 8% in FY26. That is up from a trough of 4% in FY20. Return on invested capital clears the cost of that capital by −7.9 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 3.7% net margin on 0.79× asset turns.
FY26 ROCE is 8%, recovered from a FY20 trough of 4% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 3.7% net margin × 0.79× asset turns × 1.53× balance-sheet leverage ≈ 4.5% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 4.1% − 12.0% = a −7.9 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Tirupati Forge Ltd carries total debt of ₹42.0 Cr against shareholder equity of ₹133 Cr as of Mar 26, a debt-to-equity of 0.32. On the annual view that ratio went from 0.41 in FY22 to 0.32 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹42.0 Cr against shareholder equity of ₹133 Cr — a debt-to-equity of 0.32. On the annual view, debt-to-equity went from 0.41 (FY22) to 0.32 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Tirupati Forge Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.5 points over the same window, to 49.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +0.7 points over 8 quarters to 0.8%; Promoters: +0.5 points over 8 quarters to 49.4%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Tirupati Forge Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Uniparts India LtdUNIPARTS | 80.2/100Sector-leading setup96% evidence | LEADER | 31.1/35 Revenue 21.6% · PAT 78.4% · OPM change 10 pp 88% evidence | 17.5/25 ROCE 21.6% · OPM 24% 100% evidence | 13.4/20 P/E 20.4× · PEG 0.38 100% evidence | 18.2/20 RS sector 19.9% · RS bench 41.7% · 1Y 96.5%12 of 12 weeks ahead 100% evidence |
| Exact sum: 31.1 + 17.5 + 13.4 + 18.2 = 80.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Uni Abex Alloy Products Ltd504605 | 67.3/100Favorable setup78% evidence | LEADER | 22.1/35 Revenue 13.5% · PAT 100% · OPM change 5 pp 83% evidence | 18.0/25 ROCE 19.2% · OPM 31% 76% evidence | 10.1/20 P/E 19.8× · PEG — 50% evidence | 17.1/20 RS sector 13.8% · RS bench 34.4% · 1Y 36.9%12 of 12 weeks ahead 100% evidence |
| Exact sum: 22.1 + 18 + 10.1 + 17.1 = 67.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Gala Precision Engineering LtdGALAPREC | 67.3/100Favorable setup76% evidence | LEADER | 27.1/35 Revenue 32.5% · PAT 34.6% · OPM change 1 pp 83% evidence | 14.2/25 ROCE 15.6% · OPM 18% 95% evidence | 9.8/20 P/E 38.6× · PEG — 15% evidence | 16.2/20 RS sector 9.3% · RS bench 29.4% · 1Y 27.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 27.1 + 14.2 + 9.8 + 16.2 = 67.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Sona BLW Precision Forgings LtdSONACOMS | 60.4/100Mixed-positive evidence97% evidence | LEADER | 22.8/35 Revenue 39.6% · PAT 18.1% · OPM change -1 pp 95% evidence | 12.3/25 ROCE 14.2% · OPM 23% 95% evidence | 6.8/20 P/E 65.9× · PEG 3.04 100% evidence | 18.5/20 RS sector 21.8% · RS bench 44.1% · 1Y 63.9%12 of 12 weeks ahead 100% evidence |
| Exact sum: 22.8 + 12.3 + 6.8 + 18.5 = 60.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Happy Forgings LtdHAPPYFORGE | 58.4/100Mixed-positive evidence96% evidence | LEADER | 20.0/35 Revenue 9.8% · PAT 12.7% · OPM change 2 pp 88% evidence | 16.6/25 ROCE 18% · OPM 31% 100% evidence | 6.1/20 P/E 52.2× · PEG 1.69 100% evidence | 15.7/20 RS sector 15.6% · RS bench 36.4% · 1Y 72%8 of 12 weeks ahead 100% evidence |
| Exact sum: 20 + 16.6 + 6.1 + 15.7 = 58.4 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 6Amic Forging Ltd544037 | 56.9/100Thin evidence · provisional58% evidence | LEADER | 17.8/35 Revenue — · PAT — · OPM change 5 pp 26% evidence | 20.2/25 ROCE 23.5% · OPM 33% 76% evidence | 7.6/20 P/E 72.9× · PEG — 50% evidence | 11.3/20 RS sector -2.1% · RS bench 16.4% · 1Y 18.1%12 of 12 weeks ahead 100% evidence |
| Exact sum: 17.8 + 20.2 + 7.6 + 11.3 = 56.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 7Balu Forge Industries LtdBALUFORGE | 56.6/100Mixed-positive evidence90% evidence | ASLEEP | 17.3/35 Revenue 19.9% · PAT 27% · OPM change -5 pp 88% evidence | 20.6/25 ROCE 22.7% · OPM 23% 100% evidence | 15.4/20 P/E 20.6× · PEG 1.46 100% evidence | 3.3/20 RS sector -27.9% · RS bench -18.5% · 1Y -29.5%0 of 10 weeks ahead 70% evidence |
| Exact sum: 17.3 + 20.6 + 15.4 + 3.3 = 56.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Bharat Forge LtdBHARATFORG | 56.1/100Mixed-positive evidence71% evidence | BREAKING OUT | 21.1/35 Revenue 11.2% · PAT 19.1% · OPM change -1 pp 83% evidence | 12.6/25 ROCE 12.6% · OPM 17% 76% evidence | 9.0/20 P/E 93.2× · PEG — 15% evidence | 13.4/20 RS sector 13.8% · RS bench 34.1% · 1Y 82.7%10 of 12 weeks ahead 100% evidence |
| Exact sum: 21.1 + 12.6 + 9 + 13.4 = 56.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Steelcast LtdSTEELCAS | 55.0/100Mixed-positive evidence100% evidence | LEADER | 16.8/35 Revenue 9.2% · PAT 15.2% · OPM change 0 pp 100% evidence | 18.9/25 ROCE 32.3% · OPM 26% 100% evidence | 8.6/20 P/E 34.6× · PEG 1.7 100% evidence | 10.7/20 RS sector 6.5% · RS bench 25.9% · 1Y 32.7%10 of 12 weeks ahead 100% evidence |
| Exact sum: 16.8 + 18.9 + 8.6 + 10.7 = 55 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Kennametal India LtdKENNAMET | 54.7/100Mixed-positive evidence96% evidence | FADING | 19.5/35 Revenue 10.2% · PAT -4.3% · OPM change 2.1 pp 88% evidence | 16.9/25 ROCE 24.6% · OPM 16.1% 100% evidence | 10.3/20 P/E 53× · PEG 1.53 100% evidence | 8.0/20 RS sector -1.3% · RS bench 16.8% · 1Y 23%11 of 12 weeks ahead 100% evidence |
| Exact sum: 19.5 + 16.9 + 10.3 + 8 = 54.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11Tirupati Forge Ltdthis pageTIRUPATIFL | 50.9/100Mixed-positive evidence76% evidence | BREAKING OUT | 14.0/35 Revenue 41.3% · PAT -19.9% · OPM change -2.1 pp 83% evidence | 8.2/25 ROCE 7.5% · OPM 9.2% 95% evidence | 8.7/20 P/E 144× · PEG — 15% evidence | 20.0/20 RS sector 38.5% · RS bench 63% · 1Y 75.8%10 of 12 weeks ahead 100% evidence |
| Exact sum: 14 + 8.2 + 8.7 + 20 = 50.9 · Decision use: Price leads the evidence: RS versus the benchmark is 63%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 12M M Forgings LtdMMFL | 47.9/100Mixed-negative evidence96% evidence | BREAKING OUT | 12.1/35 Revenue 4.3% · PAT -18.9% · OPM change -1 pp 88% evidence | 10.6/25 ROCE 9% · OPM 19% 100% evidence | 12.9/20 P/E 26.9× · PEG 0.66 100% evidence | 12.3/20 RS sector 13.1% · RS bench 33.7% · 1Y 51.7%5 of 12 weeks ahead 100% evidence |
| Exact sum: 12.1 + 10.6 + 12.9 + 12.3 = 47.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13CIE Automotive India LtdCIEINDIA | 45.4/100Mixed-negative evidence100% evidence | ASLEEP | 19.2/35 Revenue 12.5% · PAT 14.3% · OPM change 1 pp 100% evidence | 14.3/25 ROCE 14.7% · OPM 15% 100% evidence | 10.1/20 P/E 17.3× · PEG 2.4 100% evidence | 1.8/20 RS sector -22.6% · RS bench -7.6% · 1Y -1.2%0 of 12 weeks ahead 100% evidence |
| Exact sum: 19.2 + 14.3 + 10.1 + 1.8 = 45.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14Nelcast LtdNELCAST | 41.7/100Mixed-negative evidence87% evidence | ASLEEP | 15.3/35 Revenue 4.2% · PAT -1.8% · OPM change -3.9 pp 95% evidence | 12.3/25 ROCE 11.4% · OPM 4.6% 95% evidence | 11.8/20 P/E 25.7× · PEG — 50% evidence | 2.3/20 RS sector -20.7% · RS bench -5.6% · 1Y -23.2%7 of 12 weeks ahead 100% evidence |
| Exact sum: 15.3 + 12.3 + 11.8 + 2.3 = 41.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Ramkrishna Forgings LtdRKFORGE | 40.7/100Mixed-negative evidence75% evidence | BREAKING OUT | 14.8/35 Revenue 8.6% · PAT -71.3% · OPM change 4 pp 95% evidence | 7.3/25 ROCE 5.6% · OPM 18% 76% evidence | 8.8/20 P/E 103× · PEG — 15% evidence | 9.8/20 RS sector -2.6% · RS bench 16.3% · 1Y 4.2%3 of 12 weeks ahead 100% evidence |
| Exact sum: 14.8 + 7.3 + 8.8 + 9.8 = 40.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Alicon Castalloy LtdALICON | 35.2/100Mixed-negative evidence77% evidence | ASLEEP | 9.7/35 Revenue 3% · PAT -25.2% · OPM change -1.8 pp 83% evidence | 10.1/25 ROCE 10% · OPM 9.2% 95% evidence | 10.9/20 P/E 28.1× · PEG — 50% evidence | 4.5/20 RS sector -20.7% · RS bench -12.7% · 1Y -27%0 of 10 weeks ahead 70% evidence |
| Exact sum: 9.7 + 10.1 + 10.9 + 4.5 = 35.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 17Synergy Green Industries LtdSGIL | 27.1/100Adverse evidence76% evidence | BREAKING OUT | 4.2/35 Revenue 1.1% · PAT -72.4% · OPM change -6.5 pp 83% evidence | 7.4/25 ROCE 9.2% · OPM 8.8% 95% evidence | 8.5/20 P/E 188× · PEG — 15% evidence | 7.0/20 RS sector -8.2% · RS bench 9.6% · 1Y 8.6%9 of 12 weeks ahead 100% evidence |
| Exact sum: 4.2 + 7.4 + 8.5 + 7 = 27.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 18Sterling Tools LtdSTERTOOLS | 25.6/100Adverse evidence77% evidence | TURNING | 6.2/35 Revenue -19.3% · PAT -49.7% · OPM change -5.7 pp 83% evidence | 8.0/25 ROCE 7.2% · OPM 3.6% 95% evidence | 7.4/20 P/E 38.1× · PEG — 50% evidence | 4.0/20 RS sector -42.6% · RS bench -4.5% · 1Y -29.5%5 of 10 weeks ahead 70% evidence |
| Exact sum: 6.2 + 8 + 7.4 + 4 = 25.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 19Sundaram Clayton LtdSUNCLAY | 24.3/100Adverse evidence74% evidence | ASLEEP | 10.4/35 Revenue -3.9% · PAT 100% · OPM change -1.2 pp 74% evidence | 0.3/25 ROCE -3.3% · OPM 2% 100% evidence | 11.5/20 P/E 11× · PEG — 15% evidence | 2.1/20 RS sector -26.6% · RS bench -12% · 1Y -35.8%1 of 12 weeks ahead 100% evidence |
| Exact sum: 10.4 + 0.3 + 11.5 + 2.1 = 24.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Tirupati Forge Ltd's share price today?
Tirupati Forge Ltd trades at ₹70.0, +80.9% over the past year. The company is valued at ₹904 Cr. The stock sits at 91% of its 52-week range of ₹32–₹74, +48.2% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 19 weeks in. — as of 31 July 2026.
What were Tirupati Forge Ltd's latest quarterly results?
Tirupati Forge Ltd reported revenue of ₹41.9 Cr and net profit of ₹1.5 Cr for the Mar 26 quarter. Revenue rose 52.4% and profit rose 16.9% year on year. Earnings per share were ₹0.12. The operating margin was 9.2%, 2.1 pp lower than a year earlier. — as of 31 July 2026.
What is Tirupati Forge Ltd's revenue?
Tirupati Forge Ltd reported revenue of ₹41.9 Cr in the Mar 26 quarter, +52.4% year on year. For the full FY26 fiscal year, revenue was ₹162 Cr (+40.9%). Over the last 10 years revenue compounded at 24.6% a year. — as of 31 July 2026.
What is Tirupati Forge Ltd's profit?
Tirupati Forge Ltd earned ₹1.5 Cr of net profit in the Mar 26 quarter, +16.9% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹6.0 Cr. The operating margin ran 9.2% in the latest quarter. — as of 31 July 2026.
What is Tirupati Forge Ltd's market cap?
Tirupati Forge Ltd's market capitalisation is ₹904 Cr at a share price of ₹70.0. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Tirupati Forge Ltd's P/E ratio?
Tirupati Forge Ltd trades at a P/E of 144.0×, at the 97th percentile of its own 9-year range, against a long-run median of 25.9×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Tirupati Forge Ltd pay a dividend?
Not in its latest year — Tirupati Forge Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 1 of its last 13 reported fiscal years, so there is a history but no current dividend. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is Tirupati Forge Ltd overvalued?
On its own history, Tirupati Forge Ltd looks expensive against its own history: its P/E of 144.0× sits at the 97th percentile of its 9-year range (long-run median 25.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is Tirupati Forge Ltd growing?
Yes — Tirupati Forge Ltd is growing: latest-quarter revenue +52.4% year on year, profit +16.9%, and the margin −2.1 pp at 9.2%. The earnings engine currently reads: improving — as of 31 July 2026.
How is Tirupati Forge Ltd performing?
Tirupati Forge Ltd is in a confirmed uptrend, 19 weeks in. Its latest quarter's revenue rose 52.4% and profit rose 16.9% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 11 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is Tirupati Forge Ltd in?
Turning around — profit growth swung from −45.8% at the trough to +16.9% off a 2-quarter-old trough (single-quarter readings), ROCE slipping at 8.0%. The read comes from the last 12 quarters of growth (revenue growth +52.4% latest, profit growth +16.9% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is Tirupati Forge Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 19 of stage 2), trading +48.2% versus its 200-day average and at 91% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Tirupati Forge Ltd beating the market?
On recent form, yes — Tirupati Forge Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 11 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 8.8 years the stock moved +2,689% against the NIFTY 500's +161% — ahead of the index over the full window. — as of 31 July 2026.
Will Tirupati Forge Ltd's share price go up?
This page publishes no price forecast for Tirupati Forge Ltd. What it measures instead: the share price is ₹70.0, the price is in a confirmed uptrend 19 weeks in. Its P/E of 144.0× sits at the 97th percentile of its own 9-year range. — as of 31 July 2026.
Who owns Tirupati Forge Ltd?
Promoters hold 49.4% of Tirupati Forge Ltd, foreign institutions 0.8%, domestic institutions null% and the public 49.8% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 31 July 2026.
Does Tirupati Forge Ltd have too much debt?
It is moderate — Tirupati Forge Ltd's debt-to-equity is 0.32, and operating profit covers the interest bill 5×. FY26 borrowings were ₹42.0 Cr against equity of ₹133 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.
What is Tirupati Forge Ltd's capex?
Tirupati Forge Ltd spent ₹124 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹77.0 Cr, with ₹67.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is Tirupati Forge Ltd's cash flow?
Tirupati Forge Ltd generated ₹16.0 Cr of operating cash flow in FY26 and ₹−61.0 Cr of free cash flow after ₹77.0 Cr of capital spending. Reported profit that year was ₹6.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is Tirupati Forge Ltd's profit real cash?
Yes — over the last 3 fiscal years, 152% of Tirupati Forge Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹16.0 Cr against reported profit of ₹6.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.
Where is Tirupati Forge Ltd in its business cycle?
Tirupati Forge Ltd's FY26 operating margin was 10.0%, against a 13-year band of 9.0%–17.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 9.2%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Tirupati Forge Ltd story?
The sharpest disagreement: the price moved +80.9% in a year while annual EPS moved −24.2% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Tirupati Forge Ltd a stock worth studying right now?
This is not investment advice. The machine read: Tirupati Forge Ltd's price has outrun its earnings. +80.9% in a year against EPS −24.2% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.