Tirupati Forge is a Small Cap company having a market cap of 107 Cr and the company operates in Auto Accessories sector. Tirupati Forge Limited, a well-known manufacturer of carbon steel forged flanges, forged components and automotive parts, has notified the stock exchanges that it has been granted permission to provide forgings and machined parts by leading Indian firms of repute. Which will allow the company to contribute an additional growth rate of around 30% to its turnover from this financial year.
“Demand for forgings and machined components is set to increase further in view of large scale expansion plans of existing companies and upcoming new projects in defense and infrastructure companies,” Tirupati Forge in a stock exchange filing said.
From this year onwards, the substantially enhanced capacity of the company will be fully utilised, thereby positioning it to register strong growth rates in the subsequent years. The company had earlier disclosed to the exchanges that it planned to launch new products in the oil and gas sector with a focus on the US market (USA).
Tirupati Forge Limited is a notable manufacturer of Forged Parts of Automobiles, Forged Components and Carbon Steel Flanges. The firm, which focuses on producing high quality products in large numbers, has established itself with a contemporary CNC machine shop and secure infrastructure. Required for painstaking machining, supported by a quality assurance department. With 90% of its products being used overseas, Tirupati Forge’s activities are largely geared to meet the demands of the worldwide market.
Holding prestigious accreditations like ISO-9001:2008 certification, PED – AD 2000, and CRN (Canadian Registration Number) under the brand name Tirupati, the company with an installed capacity of 18,000 tonnes per annum maintains strict quality control measures and foolproof system. The firm frequently exports forged flange and parts to the United States, Europe and African countries.
The modern forging workshops and machining facilities in Tirupati adhere to strict quality control standards, guaranteeing complete traceability of the finished product with necessary paperwork and thorough proof checking as per ISO norms.
Shares of Tirupati Forge closed today on NSE down 1.36% from the previous close of 10.85 11.00. The stock touched a 52-week high 25.60 (22-Dec-2022) and at 52-week low 8.35 at (29-Mar-2023), it signifies that at the current market price, the stock is trading 57.61% below 1-year high and 29.94% from 1-year low.
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