Incorporated in 2012, This dynamic firm specializes in providing high-quality forged components, catering to the growing demands of the automotive industry and has carved out a niche as a small-cap company in the auto ancillaries sector, boasting a market capitalization of ₹365.58 crore. With a current share price of ₹35.26, the company has delivered a stunning 200% return in the last year and 1000% over the past five years. Analysts suggest that Tirupati Forge could potentially provide an astonishing 10,000% return over the next decade. Here’s why this stock is worth watching.
Company Overview
Founded in 2012, Tirupati Forge Ltd. is a small-cap company with a market capitalization of ₹365.58 crore. The company specializes in a diverse range of products, including forgings, scrap, job work, and export incentives, catering to the automotive industry’s growing needs.
Financial Performance
Latest Financial Highlights
For the quarter ending June 30, 2024, Tirupati Forge reported:
Total Income: ₹29.25 crore (down 12.76% from the previous quarter but up 39.31% year-on-year)
Total Expenses: ₹25.40 crore (decreased by 16.96% from the previous quarter)
EBIT: ₹3.85 crore (up 31.02% from the previous quarter)
Profit After Tax (PAT): ₹2.60 crore (increased by 35.18% year-on-year)
EBIT Margin: 13.15%.
Despite a slight decline in total income from the previous quarter, the year-on-year growth indicates robust performance, particularly in terms of profitability and operational efficiency.
Conclusion
Tirupati Forge Ltd. is a compelling investment opportunity for those looking to tap into the auto ancillaries sector. With its track record of delivering substantial returns, sound financial performance, and a strategic vision for growth, this multibagger stock warrants a spot on your watchlist.
Growth Potential
Tirupati Forge’s impressive historical performance and ongoing investments in innovation position it well for future growth. The company’s diverse revenue segments and commitment to enhancing product offerings align with the growing demand in the auto ancillaries market.
