Tirupati Forge shareholders and shareholding pattern
NSE: TIRUPATIFLIndustrial ProductsSmall Cap
Tirupati Forge Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Oct 2017 · Issue price ₹29
Last close ₹64.97up ₹1.27 (1.99%)
Share price at the NSE close on 27 Oct 2026. Previous close ₹63.70.
27 Oct: open ₹64.97, high ₹64.97, low ₹64.97
52-week range of traded prices to 27 Oct 2026
₹30.11Low, 18 Dec 2025₹83.90High, 22 Jul 2026
- Delivery only: shares bought must be paid for in full, with no selling on the same day.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹845 Cr1,837th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 138.41
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 6.33
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 5.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 5.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.26
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 78,507
Tirupati Forge's shareholding pattern for Sep 2026, filed on 6 Oct 2026, with every filing from Sep 2021: who owns its shares by group, its promoters by name and its public holders of 1% or more.
Who owns Tirupati Forge, filing by filing
Per cent of the company's shares.
Sep 2026 filing
- Promoters49.42%
- Foreign institutions0.43%
- Indian institutions0.15%
- GovernmentsNone
- Individuals and others49.99%
Shareholding pattern, per cent, from Sep 2022
- Promoters
- Foreign institutions
- Indian institutions
- Governments
- Individuals and others
| Per cent | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 58.78% | 58.78% | 58.78% | 57.59% | 57.59% | 57.59% | 57.59% | 57.59% | 57.69% | 57.69% | 57.69% | 55.76% | 55.76% | 55.76% | 48.88% | 49.31% | 48.10% | 48.93% | 49.01% | 49.75% | 49.42% | |
| Indian promoters | 58.78% | 58.78% | 58.78% | 57.59% | 57.59% | 57.59% | 57.59% | 57.59% | 57.69% | 57.69% | 57.69% | 55.76% | 55.76% | 55.76% | 48.88% | 49.31% | 48.10% | 48.93% | 49.01% | 49.75% | 49.42% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. Public in the glossary | 41.22% | 41.21% | 41.21% | 42.42% | 42.41% | 42.41% | 42.41% | 42.41% | 42.31% | 42.31% | 42.31% | 44.24% | 44.24% | 44.24% | 51.12% | 50.69% | 51.90% | 51.07% | 50.99% | 50.25% | 50.58% |
| Promoter shares pledgedShare of the promoters' own shares | 47.03% | 47.02% | 47.02% | 48.00% | 48.00% | 48.00% | 48.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Shares in issue | 1,12,00,000 | 9,80,00,000what Shares in issue, Dec 2021, includes. Bonus issue on 7 Oct 2021: 3 new shares for every 4 held. Split on 7 Oct 2021: each share became 5. Earlier filings count the shares before them. | 9,80,00,000 | 9,80,00,000 | 9,80,00,000 | 9,80,00,000 | 9,80,00,000 | 9,80,00,000 | 9,80,00,000 | 9,80,00,000 | 9,80,00,000 | 10,36,80,000 | 10,36,80,000 | 10,36,80,000 | 11,82,80,000 | 11,92,80,000 | 12,22,80,000 | 12,42,80,000 | 12,66,30,000 | 12,91,90,000 | 13,00,40,000 |
| Shares locked inShares locked in. Shares the filing reports as barred from sale until a set day, such as promoters' shares after a public issue or shares allotted to an investor directly. Shares locked in in the glossary | 8,80,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,26,72,165 | 4,83,52,165 | 4,83,52,165 | 4,83,52,165 | 4,43,23,530 | 5,95,52,165 | 5,99,23,530 | 4,99,52,165 | 5,23,02,165 | 2,36,07,800 | 5,27,12,165 |
| Promoters' shares locked in | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,26,72,165 | 4,39,52,165 | 4,39,52,165 | 4,39,52,165 | 4,39,52,165 | 4,49,52,165 | 4,49,52,165 | 4,69,52,165 | 4,82,02,165 | 2,25,07,800 | 5,04,02,165 |
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.
Tirupati Forge promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Chetna Mukeshbhai Thumar, 15.42%.Promoter buying and selling
| Holder | |||
|---|---|---|---|
| Chetna Mukeshbhai ThumarIndividuals and Hindu undivided families | 15.42% | 2,00,47,800 | 100.00% |
| Bhargavi Manojbhai ThummarIndividuals and Hindu undivided families | 14.06% | 1,82,82,800 | 100.00% |
| Hiteshkumar Gordhanbhai ThummarIndividuals and Hindu undivided families | 9.28% | 1,20,71,565 | 100.00% |
| Jayaben Shivlal ThumarIndividuals and Hindu undivided families | 4.66% | 60,64,192 | 0.00% |
| Otamben Khodabhai ThumarIndividuals and Hindu undivided families | 4.01% | 52,15,000 | 0.00% |
| Darshna Hiteshbhai ThummarIndividuals and Hindu undivided families | 1.99% | 25,84,400 | 0.00% |
No promoter shares are reported as pledged. Locked in is the share of the holder's own shares that cannot be sold yet, as after a listing or an allotment.
Largest public holders of Tirupati Forge, filing by filing
Per cent, on the same shares as the split above.
| Holder | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SANDEEP KAPADIANon-resident Indians | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 3.00% |
| RITESH PARSHUTAMBHAI VEKARIAResident individuals, over ₹2 lakh at face value | 7.86% | 7.86% | 7.86% | 7.86% | 7.86% | 6.67% | 5.12% | 2.01% | – | – | – | 4.24% | – | – | – | – | 3.43% | – | – | – | 2.90% |
| DEVANSH TRADEMART LLPCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 2.52% | 4.91% | 4.83% | 4.49% | 2.52% | 1.46% |
| Shree Balaji InvestmentOther non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.01% | – | – | – | – | – |
| Omshanti Heights Private LimitedCompanies | 5.64% | 5.64% | 5.64% | 5.64% | 5.64% | 4.70% | 3.63% | 2.22% | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Manish Laxmanbhai DholariaResident individuals, over ₹2 lakh at face value | 4.04% | 4.04% | 4.04% | 4.49% | 4.49% | 4.24% | 3.78% | 1.96% | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Aravindakshan ArunResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | 1.02% | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Vruti V SorathiaResident individuals, over ₹2 lakh at face value | 2.97% | 2.97% | 2.97% | 2.97% | 2.97% | 2.97% | 2.57% | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Sonal Bhavin ThummarResident individuals, over ₹2 lakh at face value | – | – | 1.63% | 1.63% | 1.63% | 1.44% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Vishwa Jayantilal VarsaniResident individuals, over ₹2 lakh at face value | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% | 1.08% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Nakshatra Garments Private LimitedCompanies | – | – | – | – | 1.44% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Sairam Infratrade LLPOther non-institutions | – | – | – | 1.01% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SONAL G DHOLARIYAResident individuals, over ₹2 lakh at face value | 1.63% | 1.63% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Olga Trading Private LimitedOther non-institutions | 1.81% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Niraj Harsukhlal SanghaviResident individuals, over ₹2 lakh at face value | 1.44% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.
Who moved in the Sep 2026 filing
Against the Sep 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.
- Individuals and others: SANDEEP KAPADIA newly named at 3.00%; DEVANSH TRADEMART LLP 1.46%, −2.91 pts; RITESH PARSHUTAMBHAI VEKARIA newly named at 2.90%