Tirupati Forge Limited

Tirupati Forge Limited – Company Report


1. Company Overview


Tirupati Forge Limited, founded in 2012 in Rajkot, Gujarat, is an ISO 9001:2015, IATF 16949:2016, PED-AD 2000, and CRN-certified manufacturer specializing in carbon steel and alloy steel forged flanges, rings, pipe fittings, and automotive and industrial components. The company boasts a modern forge shop, CNC machine shop, and full-spectrum infrastructure for precision forging and machining. With an installed forging capacity of over 15,000–18,000 TPA, Tirupati Forge is a preferred OEM supplier, serving more than 50 global and Indian customers across sectors like oil & gas, automotive, transmission, water, food processing, and heavy engineering. Over 90% of its output is exported to the USA, Europe, and Africa.

  • Incorporated: 2012, Rajkot, India
  • Certifications: ISO 9001:2015, IATF 16949:2016, PED-AD 2000, CRN (Canada)
  • Production Capacity: 15,000–18,000 TPA
  • Facility: Modern forge shop, machining, in-house die and tool room
  • Key Markets: USA, Europe, Africa (primary exports), India
  • Product Range: Flanges (weld neck, slip-on, threaded, blind, socket weld, orifice, etc.), pipe fittings, bearing races/rings, gears, yokes, levers, forged shafts, crankshafts
  • Industries Served: Automotive, oil & gas, food, water transmission, general engineering

2. Products and Services


Tirupati Forge provides:

  • Forged Flanges & Pipe Fittings: Weld neck, slip-on, socket weld, threaded, blind, orifice, spectacle, and custom-engineered flanges.
  • Automotive & General Engineering Components: Bearing rings, gears, connecting rods, crankshafts, and industrial forgings up to 50kg/piece.
  • Customized Closed Die Forgings: OEM/ODM solutions tailored to international specifications.
  • Precision Machining Services: CNC machining, drilling, and complete turnkey solutions.
  • Backward Integration: In-house development of dies and tooling to meet customized customer demands.

3. Recent News and Financial Performance


Business Developments:

  • Capacity utilization and customer base have continued to grow, reinforcing global supply chain stability.
  • Ongoing investments in automation and backward integration of dies/tooling are strengthening operational efficiency.
  • Expansion of value-added product offerings, focused on high-precision and timely delivery.
  • Emphasis on long-term customer partnerships, driven by custom and high-quality solutions.

4. Financial Performance (FY2025)


Metric FY2025 Value
Total Revenue ₹115 crore
Operating Profit Margin 13%
Net Profit (PAT) ₹7.86 crore
Net Profit Margin 7%
EPS ₹0.66
Dividend Nil

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales4.912.68
EV / EBITDA33.7315.4
Debt / Equity0.240.41
ROE %10.0120.06
ROCE %12.422.26
P / B5.284.03
Div Yld %00.88
P/E71.8726.38
OPM %13.2515.25
Qtr Sales Growth YOY %-16.9416.04
Qtr Profit Growth YOY %-32.2951.11
ROA LAST 12M %7.1411.58
Prom. Hold. %49.3163.14
Sales 3Yrs CAGR %9.2224.65
Sales 5Yrs CAGR %33.0219.46
Profit 3Yrs CAGR %8.3571.34
Profit 5Yrs CAGR %94.8346.57

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