Tirupati Forge share price today

Tirupati Forge Ltd's share price was ₹67.50 at the close on 4 November 2026. It has been rising for 32 weeks. That is 17.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹32 and ₹78, and at that close it sat 77% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Tirupati Forge Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 3 weeks in a row.

Over the last 9.1 years the share price moved +2,589% while the NIFTY 500 moved +144%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: profit fell in the June 2026 quarter and revenue up on a year earlier for 5 quarters in a row.

1. Profit fell in the June 2026 quarter

   Profit was ₹1 crore, -13.5% on a year earlier (₹1 crore), after 2 quarters of growth.

2. Revenue up on a year earlier for 5 quarters in a row

   In the June 2026 quarter revenue was ₹38 crore, +18% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), Tirupati Forge reported revenue of ₹38.1 crore, up 18.0% from ₹32.3 crore a year earlier, and a profit of ₹1.22 crore, down 13.5% from ₹1.41 crore.

Tirupati Forge results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Tirupati Forge closed at ₹67.50 on 4 November 2026, up 80.6% from ₹37.38 a year earlier (7 November 2025) and up 522.1% over five years. Its highest weekly close since October 2017 was ₹78.28 on 25 September 2026.

Tirupati Forge share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

479 weekly closes from 13 October 2017 to 4 November 2026.

4 Nov 2026: Tirupati Forge closed at ₹67.50, down 2.1% on the week and down 10.2% on the month. Results for April to June 2026: Revenue up 18.0% and profit down 13.5% on a year earlier.

Tirupati Forge paid no dividend in the 12 months to 5 November 2026. The last was an interim dividend of ₹0.10 a share, ex-date 12 August 2021.

Tirupati Forge dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Not in its latest year. Tirupati Forge Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 1 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

Tirupati Forge is on one of our India lists: Penny stocks.

Tirupati Forge Ltd earned ₹1.2 Cr of net profit in the Jun 2026 quarter, −13.5% on the same quarter a year earlier. Full-year FY26 profit was ₹6.0 Cr. That is 3.2% of the quarter's revenue. The same quarter a year earlier earned ₹1.4 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹6.0 Cr (−25.0% on the year before).

Why profit moved: revenue changed +18.0% on a year earlier and the margin moved +0.1 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +2.1% and revenue +44.8%. Profit is growing slower than sales: rising costs are taking part of the growth.

Tirupati Forge Ltd reported ₹38.1 Cr of revenue in the Jun 2026 quarter, +18.0% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 24.6% a year on average. The last full year, FY26, came in at ₹162 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹168 Cr.

FY26 revenue was ₹162 Cr, +40.9% on the year before.

Recent pace: the last four quarters grew +44.8% on average, against 24.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +42.3%, against +19.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −8.4%, against −13.2% a year (accelerating).

Tirupati Forge Ltd's operating margin was 11.5% in the Jun 2026 quarter, 0.1 percentage points higher than the same quarter a year ago. Across 13 years it has been between 9.0% and 17.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +0.1 percentage points on the year while gross margin changed +3.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 152% of Tirupati Forge Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹16.0 Cr of operating cash against ₹6.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹77.0 Cr of spending on assets, free cash was −₹61.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 152% of profit came in as cash: the cash cycle got 103 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 8.3× depreciation over three years. The next section checks what that spending is building.

Tirupati Forge Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 86 days in FY26, down from 189 days in FY21. It spent ₹124 Cr on assets over the last 3 years. Customers take 58 days to pay, and stock sits for 135 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹162 Cr, each day of that cycle ties up about ₹0.4 Cr, so roughly ₹38.0 Cr is tied up in the business at any time.

FY26: customers took 58 days to pay and stock sat for 135 days, about 4.4 months of sales sitting as stock, for a full cycle of 86 days, shorter than FY21's 189.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 135 days. Customers pay about 58 days after that. Suppliers are paid at 107 days. Together that makes the 86-day cycle.

Spending on assets: ₹124 Cr over the last 3 years, against ₹15.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹67.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Tirupati Forge Ltd's P/E is 144.0×, near the high end of its own history: higher than 94% of past readings. Its usual P/E (the middle reading) is 50.3×, over 9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹0.48.