Tirupati Forge Ltd. · NSE:TIRUPATIFL
Tirupati Forge — Q2 FY26 Earnings Presentation
13 slides from Tirupati Forge's earnings presentation, Nov 11, 2025
Slide 1: Regulation 30 disclosure letter to NSE
11th November, 2025 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G - Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Symbol: TIRUPATIFL Dear Sir/Madam, Sub: Investor Presentation for Current Status of the Defence Project for Empty shell b
Slide 2: Enclosure: Investor Presentation for quarter and half year ended September 30, 2025
Encl/-: Investor Presentation for the Quarter and half year ended on September 30, 2025.
Slide 3: Forge Limited
Forge Limited
Slide 4: Chairman's Update
Chairman’s Update “As you are aware the Company is making rapid progress in its defence foray with the establishment of a fully automated, state-of-the-art shell body manufacturing plant. The quarter under review was relatively muted, with temporary pressure on profitability impacted by higher depre
Slide 5: Q2FY26 Update
Q2FY26 Update Total Income QoQ (In INR Mn) • Total Income increased by 23.7% from ₹ 329 mn to ₹ 407 mn 407.2 329.1 QoQ, largely driven by higher US tariffs. • EBITDA decreased by 0.2% from ₹ 43.0 mn to ₹42.9mn QoQ Q1FY26 Q2FY26 • PAT decreased by 5.0% from ₹ 14.1 mn to ₹ 13.4 mn QoQ 200 150 EBITDA Q
Slide 6: Defence Update
Defence Update • Civil works for the new defence manufacturing facility are on track for completion by December 2025, with machine installations and deliveries scheduled for January 2026. Testing and trials are expected to conclude by Q4FY26, paving the way for commercial production in Q1FY27. • Nex
Slide 7: Ammunition Market
Ammunition Market • The Indian ammunition market was valued at USD 844 million in 2023, accounting for approximately 5.5% of the global market. • It is projected to grow at a CAGR of ~4.9% (2023–2032), reaching an estimated USD 1.4 billion by 2032. • The global ammunition market, in comparison, was
Slide 8: Tirupati Forging at Glance
Tirupati Forging at Glance Forging Excellence, Shaping the Future Backed by more than 15+ years of Amongst the leading and forging and experience in manufacturing wide Machining Lines in India. Amongst range of forged and machines only 3 firms in India to have installed components. 630 Ton of Lasco
Slide 9: Fully Integrated Unit Serving Diversified Customers
Fully Integrated Unit Serving Diversified Customers Forging Multi Spindle Drilling Machine • Capacity: 15,000 TPA, MPM • Capacity : 800 OD, fully Hammers: 2.5 ton and 4 ton automatic. • Job Capacity: 0.5 Kg -125 Kg Oil &Gas Defence Single Piece Weight. • Press Line forging capacity Aerospace Hydraul
Slide 10: Diversified Portfolio of Products, End Markets and Geographic Regions
Diversified Portfolio of Products, End Markets and Geographic Regions Product Portfolio Customer base Revenue Share (Sales by Customer Industry) (Sales by Product Group) Machine Tools 1.50% Agriculture 3.67% Automotive Others, 13.80% North 8.95 15.01% Europe Construction & % Agriculture, America 50%
Slide 11: Market Opportunity- Forging Industry
Market Opportunity- Forging Industry Global Forging Industry 158 - Rapidly Growing Automotive Industry CAGR 7.6% 147 136 126 109 117 - Globally rise in investments in infrastructure, construction. 101 87 94 81 - Advancements in forging technologies, including closed-die and precision forging, are dr
Slide 12: Market Opportunity- Defence Sector
Market Opportunity- Defence Sector - “Make in India” gets priority in Defence budget allocation. Ministry of Defence gets INR 6.8 lk crore - 75% allocation is earmarked for procurement from domestic manufacturers - India to spend $130 bn on military in next 5 years. - India Defence sector to grow at
Slide 13: Thank You
Thank You