ALFA Finder| Revenue growth | 51% QoQ to INR 581.5 mn |
|---|---|
| Margins | EBITA INR 81.88 mn vs 47.03 mn; margin % not disclosed |
| Order book | Described as encouraging; no quantified value |
| Demand visibility | Encouraging defence order book; strong international commercial interest |
| Management confidence | Optimistic; cites North American demand and defence milestones |
Growth
Revenue INR 581.5 mn vs INR 384.3 mn in Q1FY27 (+51% QoQ). PAT INR 41.2 mn vs INR 12.2 mn (+238% QoQ).
Outlook
155mm M107 commercial production expected Q4FY27; ERFB commercial production by H1FY28. No numeric growth guidance given.
Risks
Defence revenue still pending: M107 proof testing awaited; ERFB commercial production only by H1FY28.
Investor Presentation filed with NSE, NSE: TIRUPATIFL. Summary written with AI assistance from the document.
Tirupati Forge Ltd: key numbers
- Share price
- ₹66.04
- Market cap
- ₹858.8 Cr
- Revenue (annual)
- ₹162.5 Cr
- Net profit (annual)
- ₹6.30 Cr
- P/E (TTM)
- 96.6×Sector 50.0×
- 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 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
Tirupati Forge Annual General Meeting
Tirupati Forge Limited will hold its 14th Annual General Meeting on September 25, 2026. The meeting will be conducted through video conferencing.