Tirupati Forge Limited Net Assets
Tirupati Forge Limited net assets. Based on the latest financial reports, Tirupati Forge Limited (TIRUPATIFL) has net assets worth Rs1.19 Billion INR (≈ $12.91 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.67 Billion ≈ $18.02 Million USD) and total liabilities (Rs472.53 Million ≈ $5.11 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore TIRUPATIFL year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs1.19 Billion |
| % of Total Assets | 71.65% |
| Annual Growth Rate | 56.79% |
| 5-Year Change | 415.65% |
| 10-Year Change | 4761.75% |
| Growth Volatility | 82.84 |
Net Assets of Tirupati Forge Limited (2013–2025)
Net assets of Tirupati Forge Limited from 2013 to 2025. This chart illustrates how Tirupati Forge Limited's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Tirupati Forge Limited to measure how much of total assets are equity-financed.
Annual Net Assets for Tirupati Forge Limited (2013–2025)
The table below shows the annual net assets of Tirupati Forge Limited from 2013 to 2025. For live market cap and overall valuation, see Tirupati Forge Limited (TIRUPATIFL) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs1.07 Billion ≈ $11.58 Million |
+114.48% |
| 2024-03-31 | Rs499.16 Million ≈ $5.40 Million |
+37.74% |
| 2023-03-31 | Rs362.38 Million ≈ $3.92 Million |
+35.17% |
| 2022-03-31 | Rs268.10 Million ≈ $2.90 Million |
+29.13% |
| 2021-03-31 | Rs207.62 Million ≈ $2.25 Million |
+11.97% |
| 2020-03-31 | Rs185.44 Million ≈ $2.01 Million |
+26.01% |
| 2019-03-31 | Rs147.16 Million ≈ $1.59 Million |
+40.46% |
| 2018-03-31 | Rs104.77 Million ≈ $1.13 Million |
+299.71% |
| 2017-03-31 | Rs26.21 Million ≈ $283.46K |
+19.03% |
| 2016-03-31 | Rs22.02 Million ≈ $238.15K |
+8.34% |
| 2015-03-31 | Rs20.33 Million ≈ $219.82K |
+52.93% |
| 2014-03-31 | Rs13.29 Million ≈ $143.74K |
+174.04% |
| 2013-03-31 | Rs4.85 Million ≈ $52.45K |
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Equity Component Analysis
This analysis shows how different components contribute to Tirupati Forge Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 31135900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Tirupati Forge Limited Net Assets Breakdown (March 2025)
Tirupati Forge Limited net assets breakdown by equity component as of March 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs311.36 Million | 29.08% |
| Common Stock | Rs236.56 Million | 22.10% |
| Other Components | Rs522.69 Million | 48.82% |
| Total Equity | Rs1.07 Billion | 100.00% |
Tirupati Forge Limited Competitors by Market Cap
The table below lists competitors of Tirupati Forge Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wonik Corporation
KQ:032940
|
$85.57 Million |
|
Infragreen Group Ltd
AU:IFN
|
$85.57 Million |
|
Axis Corporation
TWO:6292
|
$85.59 Million |
|
Park Dental Partners, Inc. Common Stock
NASDAQ:PARK
|
$85.61 Million |
|
Silver One Resources Inc
V:SVE
|
$85.55 Million |
|
Pelthos Therapeutics Inc.
NYSE MKT:PTHS
|
$85.55 Million |
|
Synergy Green Industries Limited
NSE:SGIL
|
$85.51 Million |
|
Transart Graphics Co Ltd
TW:8481
|
$85.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tirupati Forge Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 499,156,000 to 1,070,607,000, a change of 571,451,000 (114.5%).
- Net income of 78,554,000 contributed positively to equity growth.
- Share repurchases of 561,280,000 reduced equity.
- New share issuances of 561,280,000 increased equity.
- Other comprehensive income decreased equity by 291,796,000.
- Other factors increased equity by 784,693,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs78.55 Million | +7.34% |
| Share Repurchases | Rs561.28 Million | -52.43% |
| Share Issuances | Rs561.28 Million | +52.43% |
| Other Comprehensive Income | Rs-291.80 Million | -27.26% |
| Other Changes | Rs784.69 Million | +73.29% |
| Total Change | Rs- | 114.48% |
Book Value vs Market Value Analysis
This analysis compares Tirupati Forge Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.31x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 176.99x to 6.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-03-31 | Rs0.38 | Rs66.89 | x |
| 2015-03-31 | Rs0.58 | Rs66.89 | x |
| 2016-03-31 | Rs0.63 | Rs66.89 | x |
| 2017-03-31 | Rs0.75 | Rs66.89 | x |
| 2018-03-31 | Rs1.73 | Rs66.89 | x |
| 2019-03-31 | Rs1.81 | Rs66.89 | x |
| 2020-03-31 | Rs2.03 | Rs66.89 | x |
| 2021-03-31 | Rs2.14 | Rs66.89 | x |
| 2022-03-31 | Rs2.74 | Rs66.89 | x |
| 2023-03-31 | Rs3.70 | Rs66.89 | x |
| 2024-03-31 | Rs5.04 | Rs66.89 | x |
| 2025-03-31 | Rs10.60 | Rs66.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tirupati Forge Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.83%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.36x
- Recent ROE (7.34%) is below the historical average (14.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -0.44% | -0.09% | 0.69x | 7.43x | Rs-1.39 Million |
| 2015 | 34.61% | 2.33% | 2.14x | 6.96x | Rs5.00 Million |
| 2016 | 7.70% | 0.94% | 1.85x | 4.41x | Rs-507.10K |
| 2017 | 18.86% | 3.11% | 1.57x | 3.86x | Rs2.32 Million |
| 2018 | 14.75% | 7.54% | 1.61x | 1.21x | Rs4.98 Million |
| 2019 | 28.47% | 10.63% | 1.76x | 1.52x | Rs27.18 Million |
| 2020 | 1.48% | 1.03% | 1.04x | 1.37x | Rs-15.79 Million |
| 2021 | 1.90% | 1.47% | 0.79x | 1.62x | Rs-16.82 Million |
| 2022 | 23.21% | 7.88% | 1.51x | 1.96x | Rs35.42 Million |
| 2023 | 26.02% | 10.35% | 1.78x | 1.42x | Rs58.05 Million |
| 2024 | 13.31% | 6.11% | 1.46x | 1.49x | Rs16.51 Million |
| 2025 | 7.34% | 6.83% | 0.79x | 1.36x | Rs-28.51 Million |
Industry Comparison
This section compares Tirupati Forge Limited's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $1,571,569,937
- Average return on equity (ROE) among peers: 17.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tirupati Forge Limited (TIRUPATIFL) | Rs1.19 Billion | -0.44% | 0.40x | $85.56 Million |
| Aeroflex Industries Limited (AEROFLEX) | $862.23 Million | 31.90% | 1.13x | $733.59 Million |
| Alicon Castalloy Limited (ALICON) | $771.45 Million | 18.69% | 2.90x | $150.92 Million |
| BELL AGROMACHINA ORD T (BSE) (BALUFORGE) | $782.41K | 0.00% | 0.95x | $638.94 Million |
| DCM Limited (DCM) | $1.38 Billion | 47.42% | 2.20x | $15.14 Million |
| DEE Development Eng Ltd (DEEDEV) | $4.54 Billion | 0.00% | 0.84x | $390.37 Million |
| D P Wires Limited (DPWIRES) | $206.54 Million | 8.10% | 1.43x | $30.67 Million |
| Gandhi Special Tubes Limited (GANDHITUBE) | $1.47 Billion | 26.21% | 0.13x | $110.72 Million |
| Ganga Forging Limited (GANGAFORGE) | $116.50 Million | 8.88% | 1.66x | $2.00 Million |
| Gravita India Limited (GRAVITA) | $774.91 Million | 19.03% | 0.63x | $1.10 Billion |
| Happy Forgings Limited (HAPPYFORGE) | $5.58 Billion | 14.31% | 0.37x | $1.80 Billion |
About Tirupati Forge Limited
Tirupati Forge Limited produces and sells carbon steel forged flanges, forged, and other automotive components in India. The company provides slip-on, weld-neck, blind, lap-joint, threaded, din, and socket weld flanges; and elbow, tee, cross, coupling, half coupling, cap, plug, bushing, union, hex, nipple, and swag nipple forged pipe fittings. It also offers forged auto parts, gears, hammer union… Read more