Should I buy Tirupati Forge stock in 2025?

What is Tirupati Forge?

How much is Tirupati Forge stock?

The price of Tirupati Forge stock is rising this week. As of now, the stock trades at ₹38.57, gaining ₹0.75 or 1.98% in the last 24 hours, with a strong weekly increase of 23.90%.

Tirupati Forge’s market capitalization stands at ₹447 crore, supported by an average 3-month trading volume of 170,622 shares. The P/E ratio is 57.30, reflecting high growth expectations, while the dividend yield remains at 0.00% and the stock beta is 1.07, indicating moderate volatility.

With prices up over 119% in a year, investors should be mindful of price swings typical for emerging India-focused industrials.

Our full analysis on Tirupati Forge stock

Having closely reviewed Tirupati Forge’s latest financial results and analyzed the stock’s robust performance trajectory over the past three years, our proprietary approach—blending financial indicators, technical patterns, multi-source market data, and competitive positioning—brings renewed focus to this dynamic smallcap in India’s metal fabrication space. Recent corporate milestones and promising sector tailwinds are converging to create compelling upside potential. So, why might Tirupati Forge stock once again become a strategic entry point into the Indian auto ancillaries and precision engineering sector in 2025?

Recent Performance and Market Context

Tirupati Forge has delivered standout returns over the last twelve months, with the share price surging 119.77% year-on-year to ₹38.57 (as of May 19, 2025), outperforming both the Nifty Auto Ancillaries index and close sectoral peers. Notably, the stock has rebounded sharply in the short term as well, posting an impressive 23.9% gain in just the last week—underscoring renewed market enthusiasm driven by operational upgrades and positive corporate announcements.

These sharp moves are underpinned by key recent events:

• Commissioning of a 4.8 MW solar plant: Expected to save ₹2.5 crore annually, bolstering margins and establishing a sustainability edge.
• Active expansion into the defense sector: Ongoing ₹67 crore capex is expected to open lucrative, less cyclical revenue streams.
• Improved operating performance: Despite a modest YoY decline in the most recent quarter, full-year profits rose 18.37% on continued margin gains.

The sectoral backdrop is equally favorable: Increased localization in defense and automotive supply chains, government infrastructure focus, and surging demand for precision-forged components position Tirupati Forge at the vanguard of industry transformation for FY2026 and beyond.

Technical Analysis

From a technical view, Tirupati Forge exhibits a strongly bullish undertone:

• Momentum Indicators: The RSI stands at 64.8, reflecting ongoing upward momentum—energetic yet not yet technically overbought, while a lofty CCI of 178.6 and Stoch RSI at 1.0 underline powerful buying interest.
• Moving Averages: Current market price trades decisively above its 20-, 50-, and key exponential moving averages (₹32.97 to ₹37.81). The price’s breakout above short- and medium-term resistances signals a bullish reversal from April lows.
• Support and Resistance: Robust support is established at ₹33.00 and ₹30.50, affording a measure of protection for new entries. Nearby resistance at ₹40.00 and ₹45.00 could see the share test new highs upon any positive trigger.
• Momentum Structure: Consecutive higher highs with strong volume spikes over recent sessions confirm that buyers are firmly in control in the near term.

Such technical alignment powerfully reinforces the view that the stock may be entering a new bullish phase, with ideal positioning for both short-term swing traders and medium-term trend followers.

Fundamental Analysis

Digging deeper into the numbers, Tirupati Forge’s operating narrative remains notably positive despite cyclical Q4 softness:

• Revenue & Margin Progression: FY2025 sales climbed 4.53% YoY to ₹114.98 crore, and net profit advanced 18.37% to ₹7.86 crore. Notably, operating margins widened from 11.6% to 13.3%, as the company leaned into cost control and premium product segments.
• Efficiency Gains: Commissioning of renewable energy infrastructure will deliver material operating savings, directly supporting margin expansion and bottom-line growth in coming quarters.
• Valuation: With a P/E of 57.3, shares do trade at a premium to the sector median—yet this can be interpreted as a market premium for growth visibility, sectoral diversification, and operational agility. The Price/Sales ratio (3.3) and moderate P/B (3.6) suggest valuation remains in line with aspirational smallcaps exhibiting outsized growth.
• Structural Strengths: Tirupati’s brand recall, diversified product suite (across automotive, defense, energy, and core infrastructure), and prudent balance sheet management position it well ahead of most smallcap peers.

Key financial metrics—the low debt-to-equity ratio (0.17), strong current ratio (3.99), and efficient capital deployment (ROCE 19.14%)—reflect a company running lean and primed for scalable growth.

Volume and Liquidity

Sustained trading volume (avg. 170,622 shares/day over the past three months) signals persistent institutional and retail interest. Liquidity remains robust for a smallcap of this profile, enabling dynamic valuation and ease of portfolio entry or scale-out. The relatively wide public shareholding (~51%) and healthy float support price discovery and lower manipulation risk, essentials for transparent investment decision-making.

Catalysts and Positive Outlook

Several powerful growth levers are poised to further elevate Tirupati Forge’s financial and stock market narrative:

• Solar Plant Commissioning: Immediate impact on cost base and ESG profile; aligns with global investor preference for cleaner, more efficient manufacturers.
• Defense Capex Rollout: New facility investment ($67 crore) will integrate Tirupati into India’s nascent but rapidly growing defense manufacturing supply chain, which is largely insulated from standard auto sector cyclicality.
• Auto Sector Revival: As the Indian automotive cycle recovers and OEMs localize sourcing, specialty forged components are seeing sharp order increases—playing directly to Tirupati’s strengths.
• Export Potential: Global supply chain rebalancing (post-COVID and geopolitics) is increasing demand for Indian forging houses with scale and proven execution, offering another axis of revenue growth.
• Sustainability and Governance: Recent management refresh and proactive ESG initiatives will likely improve risk perception among institutions, further supporting share price appreciation.

All told, Tirupati Forge’s strategic actions and operational enhancements may serve as a springboard for both earnings acceleration and rerating in the public markets over the next year.

Investment Strategies

Given the convergence of technical, fundamental, and sectoral tailwinds, several entry strategies appear justified:

• Short-Term Tactical Entry: The current pullback from 52-week highs, with price action consolidating above key supports (₹33.00), could offer a calculated entry point for traders eyeing a breakout. Positive technical momentum and rising volume suggest that moves above ₹40.00 could trigger a new leg higher.
• Medium-Term Positioning: With visible catalysts—defense facility ramp-up, renewable plant benefits—expected over the coming 6-12 months, patient investors may look to accumulate on minor dips, leveraging sustained earnings momentum and valuation rerating.
• Long-Term Growth Allocation: Investors focused on the “Make in India” narrative, sustainable manufacturing, and emerging defense opportunities may find Tirupati Forge’s relatively small base, strong balance sheet, and multi-sector diversification particularly appealing for compounding potential over 3–5 years.

In all timeframes, prudent position sizing and discipline around support levels (₹33.00, ₹30.50) can help manage risk while allowing full participation in the anticipated upside.

Is it the Right Time to Buy Tirupati Forge?

In summary, Tirupati Forge showcases an exceptional blend of revenue and profit momentum, operational improvement, and transformative sectoral tailwinds. With new cost-saving initiatives (solar plant), imminent capacity addition (defense expansion), and robust medium-term industry demand, the company is solidifying its leadership in the high-value forging segment.

Though headline valuation multiples (P/E) remain above industry average, this premium seems increasingly justified by efficient execution, high-visibility growth levers, and healthy liquidity. Technical signals, resilient volume, and a convergence of possible upward catalysts reinforce the view that this period may represent an excellent opportunity for strategic accumulation.

For investors looking to ride the next wave of India’s manufacturing and “localization” boom—particularly within auto, defense, and renewable infra—Tirupati Forge’s current consolidated phase seems to represent a compelling case for closer monitoring and potential buy-side actions. As ongoing developments play out, the stock may well be positioned at the threshold of another bullish chapter, offering meaningful upside for those able to capitalize on today’s opportunity.

How to buy Tirupati Forge stock in IN?

Purchasing Tirupati Forge shares online has become both simple and secure for Indian investors, thanks to regulated brokers offering robust platforms. You can invest directly in the shares (spot/cash buying), becoming a shareholder, or trade Contracts for Difference (CFDs), which allow for leveraged exposure and short-term trading. Both methods are regulated, ensuring safety and transparency of your investments. Choosing the right broker—and trading method—depends on your financial goals and investing style. Below, we detail both approaches and provide a comparison of broker options to help you make an informed choice.

Cash buying

Cash or spot buying involves purchasing Tirupati Forge shares outright through your broker, making you a direct shareholder entitled to potential capital gains and voting rights. Most Indian brokers charge a fixed commission per order—typically between ₹20 and ₹50, though some offer low-cost or even zero brokerage options for retail clients.

Example: Cash Buying Calculation

• Current Tirupati Forge share price: ₹38.57 (as of May 19, 2025)
• Investment amount: $1,000 (approximately ₹83,000)
• Brokerage fee (example): ₹400 (about $5)

With a ₹83,000 stake, after accounting for the brokerage fee, you could buy around 2,150 shares of Tirupati Forge (₹83,000 - ₹400 ≈ ₹82,600 / ₹38.57 ≈ 2,142 shares; rounded up for clarity).

• ✔️ Gain scenario: If the share price rises 10%, your holdings would be worth about ₹91,300—an ₹8,300 increase (about $100 gain).
• Result: +$100 gross gain, matching a +10% return on your original investment.

Trading via CFD

CFD (Contract for Difference) trading allows you to speculate on the price movement of Tirupati Forge shares without actually owning them. Instead, you enter a contract with your broker reflecting the price change. CFD brokers typically charge a spread (the difference between buy and sell price) and, for overnight positions, an additional financing cost (overnight fee).

Example: CFD Trading with Leverage

• Initial investment (margin): $1,000 (about ₹83,000)
• Leverage used: 5x
• Total market exposure: $5,000 (₹415,000)

Suppose you open a CFD position in Tirupati Forge with 5x leverage, giving you exposure worth $5,000. If the stock price rises by 8%, your position gains 8% × 5 = 40% return.

Result: You earn $400 profit (before fees) on your $1,000 margin if the market moves in your favor.

Please note: CFD trading amplifies both gains and losses, and leveraged trading also involves overnight charges if you hold positions beyond trading hours.

Final advice

Before buying Tirupati Forge shares, it’s essential to carefully compare brokers’ fees, features, and account services, as charges can vary—and affect your returns. Whether you choose direct ownership (cash buying) or the flexibility and leverage of CFDs, your decision should align with your investment objectives, knowledge level, and risk tolerance. For detailed comparisons of leading brokers in India, refer to the comparison table further down this page. Invest wisely and always consider the costs and risks involved!

Our 7 tips for buying Tirupati Forge stock

The latest news about Tirupati Forge

Tirupati Forge’s stock recorded a remarkable 23.90% surge over the past week, reflecting renewed market optimism. This notable rise outpaced the broader sector and came amid strong investor interest, as indicated by consistent trading volumes well above the three-month average. The bullish momentum aligns with positive short-term technical signals, as the share price recently surpassed both the 20-day and 50-day simple and exponential moving averages. Market participants in India are showing particular enthusiasm for Tirupati Forge’s prospects, with the stock’s performance ranking among the best in its segment on the National Stock Exchange in recent sessions.

The company successfully commissioned a new 4.8 MW solar plant on May 17, 2025, boosting sustainability and lowering costs. This strategic development directly benefits Indian operations by reducing annual operational expenditures by an estimated ₹25 million, thereby improving profit margins and enhancing resilience to energy price fluctuations. The move demonstrates Tirupati Forge’s commitment to sustainable manufacturing—a quality increasingly favored by both domestic regulators and institutional investors. The new solar facility places the company in alignment with India’s “Make in India” and green energy initiatives, which may attract further positive attention and potential incentive support from governmental bodies.

Despite challenging market conditions, Tirupati Forge delivered robust full-year FY2025 financial results, with net profits up 18.37% year-on-year. While the March quarter showed a temporary decline in revenue and net profit, the overall annual growth signals fundamental improvements in operational efficiency and cost management. The full-year operating profit margin rose to 13.25%, up from 11.61% previously, and EBITDA climbed by 20% over the prior year. These results are especially meaningful for stakeholders in the Indian industrial sector, which is contending with cyclicality and input cost volatility, highlighting Tirupati Forge’s improving competitive position.

Capital expenditure of ₹670 million is underway for a major defense facility expansion, positioning the company for future sectoral growth. This initiative diversifies the business into high-value defense contract manufacturing, supporting the government’s drive towards indigenization of defense supplies. As India increases its defense and infrastructure spending, Tirupati Forge’s investment is timely and is expected to facilitate future growth in revenue streams, while reducing reliance on cyclical auto ancillary markets. Local analysts view this move as a constructive step for long-term value creation and enhanced shareholder returns.

The company maintains strong financial health, marked by a low debt-to-equity ratio and robust liquidity, supporting ongoing expansion and operational stability. With a debt-to-equity ratio of 0.17 and a current ratio of 3.99, Tirupati Forge is well positioned to manage its capital investments and buffer against market volatility. Returns on capital employed (19.14%) and equity (10.0%) reflect prudent financial management. These metrics are particularly relevant amidst current industry uncertainties, providing confidence to Indian investors and lending institutions in the company’s ability to navigate business cycles and leverage emerging opportunities.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.