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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Tirupati Forge Limited is an India-based company which is engaged in the manufacturing of carbon steel forged flanges, forged components, and other automotive components. Its products include Flanges, Forged Pipe Fittings, Auto Parts, Gears, Seamless Rolled Rings, and Hammer…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A weak, stagnant business, priced for perfection — but flagged on governance.
TIRUPATI FORGE LIMITED is scored on the general / industrial framework. It keeps a thin 3.8% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.55× reported profit. Free cash flow is worth about -6.9% of its market value.
Over the last 3 years revenue compounded at 21%/yr and profit at -13%/yr. Book value itself has compounded 54%/yr — the hallmark of a genuine compounder. Return on equity is a weak 5.8%. In the latest quarter profit fell 20% versus the prior quarter.
At 129× earnings, the stock sits at the 91st percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price already implies ~36%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises a red flag: Share count up 26% over 4 years — heavy equity dilution.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 140.51 | 36.04 | worse |
| P/B | 6.07 | 4.09 | worse |
| EV/EBITDA | 39 | 8.55 | worse |
| ROE | 5.84 | 7.45 | worse |
| ROCE | 6.92 | 12.76 | worse |
| ROA | 3.79 | 3.36 | better |
| Quick Ratio | 1.24 | 1.24 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Bharat Forge | 122.0 | 7.4 | 8.7% |
| PTC Industries | 307.8 | 11.7 | 6.7% |
| AIA Engineering | 23.5 | 3.5 | 14.7% |
Revenue has grown every year across all 4 financial years shown. 21% CAGR over 3 years — high-growth territory. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (21% vs -13%) — costs are rising faster than the top line.
Operating margin has compressed from 13% to 5% — costs or competition are eating into profitability. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line.
ROE at 5% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 21pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (-13% vs -19%) — share dilution is eroding per-share value. -19% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.6× PAT — earnings are well-backed by cash; strong accrual quality. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 11% QoQ — could be seasonality or a genuine slowdown. Run-rate fading — recent quarters 9% below earlier ones.
Profit fell 20% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 49.4% — dispersed ownership; institutional flows drive the stock.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.