Tirupati Forge Limited has informed the Exchange regarding 'Investor Presentation'.

14th May, 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 under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015. Please find enclosed herewith the “Investor Presentation” for the Quarter and year ended on March 31, 2025.

The aforementioned presentation has been uploaded on the company’s website https://tirupatiforge.com/investor-presentation.php

Kindly take the same on your record and oblige.

Thanking you,

Yours Faithfully,

For, Tirupati Forge Limited

HITESHKUMAR GORDHANBHAI THUMMAR Managing Director DIN: 02112952

Encl/-: 1.

Investor Presentation for the Quarter and year ended on March 31, 2025

FORGING AHEAD FOR BRIGHTER TOMORROW

Chairman’s Update

“Tirupati is navigating a period of transformation amidst external challenges, particularly the impact of the current U.S. tariff regime, which has adversely affected its export-driven sales. In response, the company has proactively realigned its growth strategy to mitigate these macroeconomic headwinds and position itself for long-term resilience. As part of this strategic pivot, Tirupati is set to diversify its product portfolio by entering new, high-potential market segments. Notably, the company is making a foray into the defence manufacturing, a sector backed by robust government support and rising domestic demand. This move is expected to open up exponential growth avenues. To support this next phase of expansion, Tirupati has successfully secured funding, underscoring investor confidence in its revised vision and execution capabilities. The capital infusion will be directed toward scaling operations and bolstering manufacturing capabilities. In line with this, the company has commissioned additional CNC machines, which will lead to improvement in margins.

In a strategic initiative to improve environmental sustainability and operational efficiency, Tirupati has commissioned a 4.8 MW solar power plant. This investment not only reflects the company’s commitment to reducing its carbon footprint but is also expected to yield substantial cost savings in energy expenditure over time.

We are investing in high growth areas as we embark on a substantial growth journey ahead. With a renewed focus on innovation, diversification, and sustainability, Tirupati is well-positioned to embark on a high-growth trajectory and create long-term value for all stakeholders.”

Q4FY25 Update

• Total Income increased by 5.4% from ₹ 265 mn to ₹ 279 mn QoQ

• EBITDA increased by 16% from ₹30 mn to ₹ 35 mn QoQ

• PAT marginally declined by 1% from ₹ 13.1mn to ₹ 13.0mn QoQ

• Despite flat revenue growth on back of falling steel prices, operating profit has

increased due to better product mix.

• Profitability was marginally impacted by an increase in depreciation expenses, which

rose by ₹4.5 million QoQ due to recent capital investments.

• A decline in steel prices contributed to a reduction in topline revenue.

• Demand softness in the auto sector further affected sales performance.

• Ongoing uncertainty around U.S. tariffs continued to weigh on export volumes.

• New CNC machines to lead to enhanced production efficiency and significant margin

expansion, higher profitability.

Total Income (In INR Mn)

1109.3

1163.0

893.0

938.4

309.7

FY21

FY22

FY23

FY24

FY25

EBITDA (in INR Mn)

162.9

13.0%

116.2

17.4%

136.6

12.3%

9.3%

28.8

165.5

20%

14.3%

15%

10%

5%

0%

FY21

FY22

FY23

FY24

FY25

PAT (In INR Mn) 94.3

62.2

78.6

66.4

200

150

100

50

0

3.9

FY21

FY22

FY23

FY24

FY25

New Initiatives

Defence Manufacturing

• ₹670 million CAPEX committed to set up a defence manufacturing facility.

• Projected asset turnover ratio of ~4x, reflecting strong capital efficiency.

• Expect EBITDA margin upwards of 25%, which is significantly higher than the current

margin of 14.3%, indicating robust profitability potential.

• Facility to be commissioned by Q4 FY26; commercial production starts Q1 FY27.

•

In advanced discussions to secure Long-term offtake agreements

Solar Plant

• Solar plant to be commissioned in May 2025.

• 4.8 MW solar plant operational, delivering ₹25 million in annual savings.

• Solar integration at the new plant to enable further saving of ₹25 million, leading to

₹50 million annual savings, directly benefiting the bottom-line.

Foray into defense sector and green energy investment - pivotal milestones to build a future-ready, resilient enterprise.

Tirupati Forge at Glance Forging Excellence, Shaping the Future

Backed by more than 15+ years of experience in manufacturing wide range of forged and machines components.

Manufacturing unit spread across 5 acres with in house testing and R&D labs

Current installed capacity of 15,000 to high quality TPA adhering standards. Holds IATF 16949:2016, ISO 9001:2015 PED AD 2000 & CRN

Levered for Growth

Amongst the leading and forging and Machining Lines in India. Amongst only 3 firms in India to have installed 630 Ton of Lasco Press Line

Amongst leading Indian suppliers of flanges , catering to diverse industrial sectors

Catering to clients across the globe. 55% of the revenue is attributed to largely USA, overseas market, Europe and Canada, Malaysia, African countries.

Fully Integrated Unit Serving Diversified Customers

Forging

Capacity: 15,000 TPA, MPM Hammers: 2.5 ton and 4 ton Job Capacity: 0.5 Kg -125 Kg Single Piece Weight. Press Line forging capacity upto 2kg.

Heat treatment

Capacity :1000 kg/hr For Annealing, Quenching, Harding & Tempering

Ring Rolling

15,000 TPA Size: 150mm-800mm OD

Oil &Gas

Defence

Aerospace

Automotive

Power

Mining

Multi Spindle Drilling Machine Capacity : 800 OD, fully automatic.

Hydraulic Extrusion Press Capacity :10,000 TPA Job Capacity: 15 Kg to 150 Kg Single Piece Weight 630 Ton Lasco Hydraulic Extrusion Press.

Paint Shop

Capacity: 60 TPD ready to pack material. Fully automatic dipping and drying paint line.

Machining facility

CNC machines ranging from 15mm to 800mm OD. Fully automatic VMC machines for 1000mm OD.

Diversified Portfolio of Products, End Markets and Geographic Regions

Market Opportunity- Forging Industry

Rapidly Growing Automotive Industry

Globally rise in investments in infrastructure,

construction.

Advancements in forging technologies, including

closed-die and precision forging, are driving market

growth.

Growth is driven by the automotive industry, which

accounts for over 60% of India's forging units.

India becoming a global forging hub, supported by

government’s “Make in India” initiative.

Shift in global OEMs outsourcing components from

manufacturers in lower cost countries.

Higher spends on infrastructure

Source – Fortune business insights

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 a CAGR of 13% from FY23 to

FY30

Global Defence spend growth led by geopolitical tensions and

weapon stock depletion

Global Defence budget is projected to reach USD 2,546.9

billion by 2028, at a CAGR of 4.9%.

Strategic shift to towards the Defence Sector to Leverage India’s Increasing Defence Expenditure.

Tirupati Forge Limited, Survey No.92/1, Plot No.1-5, Hadamtala Industrial Area, National Highway 27, Vill.: Hadamtala, Tal.: Kotdasangani, Dist.: RAJKOT - 360 311, Gujarat, INDIA

www.tirupatiforge.com

info@tirupatiforge.com

Mobile : +91 9712405050