Tirupati Forge Ltd.

Financial

	Tirupati Forge	Invts & Precisn Cast	Synergy Green Inds.
Operational Metrics
Financials
5 yr Average ROE	13.18 %	3.2 %	9.81 %
5yr average Equity Multiplier	1.57	2.41	4.79
5yr Average Asset Turnover Ratio	1.39	0.72	1.45
5yr Avg Net Profit Margin	5.12 %	1.52 %	1.51 %
Price to Book	9.35	4.56	14.48
P/E	60.81	83.49	47.78
5yr Avg Cash Conversion Cycle	85.92 Days	-47.82 Days	-13.47 Days
Inventory Days	68.94 Days	105.62 Days	78.36 Days
Days Receivable	53.22 Days	76.95 Days	31.58 Days
Days Payable	49.79 Days	275.17 Days	167.09 Days
5yr Average Interest Coverage Ratio	7.06	1.53	1.52
5yr Avg ROCE	18.54 %	10.28 %	23.59 %
5yr Avg Operating Profit Margin	11.34 %	12.36 %	10.51 %
5 yr average Debt to Equity	0.28	0.86	1.99
5yr CAGR Net Profit	88.37 %	n/a	28.26 %
5yr Average Return on Assets	8.3 %	1.3 %	2.23 %
Shareholdings
Promoter Holding	48.88 %	51.97 %	69.81 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-9.9 %	0.47 %	-4.33 %
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0

Business

	Tirupati Forge	Invts & Precisn Cast	Synergy Green Inds.
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 WIND MILL 0 CASTINGS 0 0 Wind Gear Box Parts 0 Windmill Parts 0 Others 1.0	Product Wise Break-Up Tooling/Die Development Income 0 Export Incentives 0 Sale of goods 0 Manufacturing Scrap 0 Job work charges 0 Wind 0.92 Windmill Parts 0 0 Wind Gear Box Parts 0 Casting 99.08	Product Wise Break-Up Tooling/Die Development Income 0 Export Incentives 0 Sale of goods 0 Manufacturing Scrap 0 Job work charges 0 WIND MILL 0 Windmill Parts 22.56 Non wind parts (mining and plastic injection) 9.77 Wind Gear Box Parts 18.8 CASTINGS 0 Others 48.87
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 13.29 International 0 India 86.71	-
Operating Profit Break-Up	Operating Profit Break-Up Domestic 53.0 Export 47.0 Wind Mill 0 Investment Castings 0	Operating Profit Break-Up Export 0 Wind Mill 5.78 Investment Castings 93.86 Domestic 0 Others 0.36	-