ALFA Finder| Revenue growth | FY26 revenue up 43% YoY to INR 1,659.4 Mn. |
|---|---|
| Margins | Near-term PAT pressure; long-term 40%+ EBITDA targeted for defence. |
| Order book | Growing order book mentioned as revenue driver. |
| Demand visibility | Strong US market momentum and defence localization support. |
| Management confidence | Confident in defence as a long-term transformative growth driver. |
Growth
FY26 Revenue INR 1,659.4 Mn vs INR 1,162.9 Mn; Q4 PAT INR 15.2 Mn vs INR 20.2 Mn QoQ.
Outlook
Defence vertical guided for INR 2,500 Mn annual revenue at full utilization with 40%+ EBITDA margins.
Risks
Geopolitical tensions impacting traditional business; temporary PAT compression from upfront capex/financing costs.
Earnings Call filed with NSE, NSE: TIRUPATIFL. Summary written with AI assistance from the document.
Tirupati Forge Ltd: key numbers
- Share price
- ₹67.48
- Market cap
- ₹877.5 Cr
- Revenue (annual)
- ₹162.5 Cr
- Net profit (annual)
- ₹6.30 Cr
- P/E (TTM)
- 98.7×Sector 51.9×
- Promoter holding
- 49.42%-0.33% QoQ
- FII holding
- 0.43%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Tirupati Forge Ltd
All →Tirupati Forge Investor Presentation: Key Takeaways
Q2FY27 revenue INR 581.5 mn (+51% QoQ), PAT INR 41.2 mn (+238% QoQ), EBITA INR 81.88 mn (+74% QoQ). Growth led by North America; defence shell programmes progressing.
Tirupati Forge Q2 FY27 Results: Net Profit ₹4.1 Cr, Up 215.4% YoY
Tirupati Forge Ltd reported revenue from operations of ₹57.3 Cr (+44.3% YoY) and net profit of ₹4.1 Cr (+215.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹4.1 Cr · +215.4% YoY
Tirupati Forge Board Meeting Date
Tirupati Forge scheduled a board meeting for November 5, 2026, to consider unaudited half-year results for September 2026. No financial figures are disclosed in this intimation.
Tirupati Forge Annual General Meeting
Tirupati Forge Limited held its 14th Annual General Meeting on September 25, 2026. Shareholders considered the adoption of FY2025-26 financial results and the re-appointment of Managing Director Hiteshkumar Thummar.
Tirupati Forge Capacity Expansion
Tirupati Forge Limited received an industrial license for artillery shell manufacturing. The company plans to start pilot production with 150,000 units annual capacity in December 2026.
- annual production capability
- 150000.0 units annually
Tirupati Forge Capital Structure Change
Tirupati Forge allotted 37 lakh convertible warrants to promoter group at ₹58 each, raising ₹21.46 Crore on a preferential basis. The warrants are exercisable within 18 months.
- Value
- ₹21.46 Cr