Tirupati Forge Ltd.

Financial

	Tirupati Forge	Him Teknoforge	Balu Forge Industrie
Operational Metrics
Financials
5 yr Average ROE	16.22 %	5.92 %	16.11 %
5yr average Equity Multiplier	1.58	2.23	1.95
5yr Average Asset Turnover Ratio	1.47	0.88	0.91
5yr Avg Net Profit Margin	5.92 %	2.88 %	9.23 %
Price to Book	4.7	0.59	6.77
P/E	26.64	16.03	36.12
5yr Avg Cash Conversion Cycle	77.9 Days	123.21 Days	143.68 Days
Inventory Days	63.64 Days	162.5 Days	44.21 Days
Days Receivable	64.02 Days	50.94 Days	189.67 Days
Days Payable	47.29 Days	78.7 Days	107.58 Days
5yr Average Interest Coverage Ratio	8.41	1.7	5.58
5yr Avg ROCE	21.97 %	13.78 %	24.75 %
5yr Avg Operating Profit Margin	13.54 %	12.18 %	15.78 %
5 yr average Debt to Equity	0.3	0.9	0.29
5yr CAGR Net Profit	17.61 %	-10.21 %	38.55 %
5yr Average Return on Assets	10.26 %	2.66 %	8.5 %
Shareholdings
Promoter Holding	57.69 %	53.61 %	56.07 %
Share Pledged by Promoters	0.0	58.15 %	0.0
Change in Promoter Holding (3 Yrs)	-0.34 %	-0.94 %	-13.78 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0

Business

	Tirupati Forge	Him Teknoforge	Balu Forge Industrie
Product Wise Break-Up	Product Wise Break-Up Sale of goods 82.0 Manufacturing Scrap 9.0 Export Incentives 7.0 Job work charges 1.0 Tooling/Die Development Income 0 Forging 0 0 Steel forging (Cranshaft) 0 Others 1.0	Product Wise Break-Up Manufacturing Scrap 0 Steel forging (Cranshaft) 0 Job work charges 0 Tooling/Die Development Income 0 Export Incentives 0 Auto Ancillary 51.16 Forgings 48.84 Sale of goods 0	Product Wise Break-Up Manufacturing Scrap 0 Forging 100.0 Job work charges 0 Tooling/Die Development Income 0 Export Incentives 0 0 Forging 0 Sale of goods 0
Location Wise Break-Up	Location Wise Break-Up India 66.0 International 34.0 Rest of the World 0 India 0	Location Wise Break-Up Rest of the World 11.87 India 88.13 International 0	Location Wise Break-Up Rest of the World 0 India 0 International 90.0 Others 10.0
Operating Profit Break-Up	Operating Profit Break-Up Domestic 53.0 Export 47.0	-	-