---
title: "Shree Tirupati Balajee FIBC Ltd (TIRUPATI) — Share Price, Financials & Analysis"
symbol: "TIRUPATI"
company: "Shree Tirupati Balajee FIBC Ltd"
canonical: "https://tapetide.com/stocks/TIRUPATI"
isin: "INE238Y01018"
nse_symbol: "TIRUPATI"
sector: "Industrials"
industry: "Industrial Products"
market_cap_cr: 312.01
generated_at: "2026-09-13T19:17:07.772Z"
---

# Shree Tirupati Balajee FIBC Ltd (TIRUPATI)

Canonical page: https://tapetide.com/stocks/TIRUPATI

## Company

- **NSE Symbol:** TIRUPATI
- **ISIN:** INE238Y01018
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2017-10-05
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Incorporated in 2009, Shree Tirupati Balajee 
FIBC Ltd manufactures HDPE /PPWoven Sacks and Flexible Intermediate Bulk Containers[1]

## Latest Price

- **Price:** ₹308
- **Change:** 0 (0%)
- **Open:** ₹308
- **Day High:** ₹308
- **Day Low:** ₹308
- **Previous Close:** ₹308
- **Volume:** 0
- **As Of:** 2026-09-11T03:38:54+00:00

## Key Fundamentals

Observed at 2026-09-11T04:41:31.153825Z.

- **Market Cap:** ₹312.01 Cr
- **Classification:** SME
- **P/E (reported):** 109.6
- **Book Value:** ₹93.92
- **Price to Book:** 3.28
- **Dividend Yield:** 0%
- **ROE:** 2.99%
- **ROCE:** 11.12%
- **Debt to Equity:** 1.09
- **Revenue (yearly):** ₹204.2 Cr
- **Net Income:** ₹2.8 Cr
- **EBITDA:** ₹16.1 Cr
- **52-Week High:** ₹893
- **52-Week Low:** ₹295
- **RSI (14):** 22.32

## Key Insights

### Weaknesses

- Stock is trading at 3.28 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.6% over past five years.
- Company has a low return on equity of 12.6% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 63.72% | 74.88% | -139.28% |
| ebitda margin growth | -41.22% | -49.2% | 23.82% |
| net income growth | -80.42% | -31% | -9% |
| revenue growth | -3.77% | 5% | 12% |
| roce | -51.44% | -54.8% | 18.47% |
| roe | -80.8% | 12.25% | -76.64% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 49 | 68 | 87 | 111 | 97 | 79 | 75 | 86 | 104 | 104 | 94 | 107 |
| Expenses | 45 | 63 | 80 | 105 | 90 | 71 | 61 | 77 | 93 | 91 | 88 | 100 |
| Operating Profit | 4 | 5 | 6 | 6 | 7 | 9 | 15 | 8 | 12 | 13 | 6 | 7 |
| OPM % | 8 | 8 | 7 | 6 | 7 | 11 | 19 | 10 | 11 | 13 | 6 | 6 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 3 | 1 |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 3 | 3 | 4 | 4 | 4 |
| Depreciation | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 |
| Profit before tax | 2 | 4 | 4 | 4 | 4 | 7 | 13 | 5 | 9 | 10 | 3 | 2 |
| Tax % | 18 | 31 | 17 | 22 | 16 | 18 | 16 | 30 | 18 | 27 | 31 | 40 |
| Net Profit | 2 | 3 | 4 | 3 | 4 | 6 | 11 | 3 | 7 | 7 | 2 | 1 |
| EPS in Rs | 1.98 | 2.72 | 3.55 | 3.36 | 3.71 | 5.55 | 10.63 | 3.3 | 7 | 7.19 | 1.85 | 1.05 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 70 | 98 | 121 | 111 | 117 | 198 | 176 | 161 | 211 | 203 |
| Expenses | 62 | 88 | 110 | 104 | 108 | 185 | 161 | 138 | 184 | 188 |
| Operating Profit | 7 | 11 | 11 | 7 | 10 | 13 | 15 | 23 | 27 | 15 |
| OPM % | 11 | 11 | 9 | 7 | 8 | 6 | 9 | 14 | 13 | 7 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 1 | 1 |
| Interest | 2 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 7 | 9 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 |
| Profit before tax | 4 | 6 | 7 | 4 | 6 | 9 | 11 | 18 | 19 | 4 |
| Tax % | 15 | 21 | 14 | 17 | 26 | 19 | 17 | 20 | 23 | 35 |
| Net Profit | 3 | 5 | 6 | 4 | 5 | 7 | 9 | 14 | 14 | 3 |
| EPS in Rs | 49.9 | 4.98 | 6.19 | 3.53 | 4.71 | 6.91 | 8.86 | 13.93 | 14.19 | 2.89 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.62 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 17 | 23 | 29 | 33 | 38 | 45 | 53 | 67 | 82 | 85 |
| Borrowings | 21 | 27 | 27 | 33 | 40 | 48 | 49 | 74 | 89 | 104 |
| Other Liabilities | 2 | 5 | 9 | 6 | 5 | 10 | 6 | 8 | 16 | 11 |
| Total Liabilities | 41 | 65 | 76 | 82 | 92 | 113 | 118 | 159 | 198 | 210 |
| Fixed Assets | 13 | 13 | 13 | 12 | 13 | 16 | 16 | 37 | 37 | 38 |
| CWIP | 0 | 0 | 0 | 3 | 6 | 11 | 18 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 28 | 52 | 62 | 67 | 73 | 86 | 85 | 122 | 161 | 171 |
| Total Assets | 41 | 65 | 76 | 82 | 92 | 113 | 118 | 159 | 198 | 210 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 5 | -4 | 3 | 2 | 1 | 7 | 9 | -13 | -8 | -3 |
| Cash from Investing Activity | -1 | -8 | -1 | -5 | -5 | -11 | -7 | -7 | 0 | -3 |
| Cash from Financing Activity | -4 | 12 | -1 | 4 | 3 | 6 | -4 | 20 | 9 | 6 |
| Net Cash Flow | 0 | 0 | 0 | 1 | -2 | 2 | -2 | 0 | 0 | 0 |
| Free Cash Flow | 4 | -6 | 2 | 0 | -4 | -2 | 2 | -20 | -10 | -7 |
| CFO/OP | 73 | -26 | 28 | 37 | 23 | 67 | 68 | -47 | -12 | 4 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 65 | 60 | 39 | 32 | 46 | 51 | 32 | 71 | 84 | 67 |
| Inventory Days | 72 | 71 | 102 | 118 | 141 | 88 | 123 | 173 | 173 | 190 |
| Days Payable | 9 | 12 | 32 | 17 | 9 | 12 | 2 | 7 | 26 | 15 |
| Cash Conversion Cycle | 128 | 119 | 109 | 133 | 177 | 127 | 153 | 237 | 232 | 242 |
| Working Capital Days | 42 | 57 | 69 | 69 | 78 | 50 | 82 | 103 | 113 | 122 |
| ROCE % | 16 | 19 | 15 | 9 | 10 | 12 | 13 | 17 | 16 | 7 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 68.63% | 69.49% | 70.88% | 70.88% | 67.12% | 63.85% | 63.85% | 63.85% | 66.15% | 66.15% | 66.15% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 14.99% | 14.67% | 15.05% | 14.98% | 16.23% | 17.5% | 17.43% | 14.6% | 11.03% | 11.02% | 11.56% |
| Others | 16.38% | 15.84% | 14.07% | 14.14% | 16.65% | 18.65% | 18.72% | 21.55% | 22.82% | 22.83% | 22.29% |
| No. of Shareholders | 127 | 122 | 114 | 116 | 110 | 141 | 166 | 243 | 549 | 617 | 706 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 322 | Sell |
| EMA (10) | 325.58 | Sell |
| SMA (20) | 359.17 | Sell |
| EMA (20) | 356.12 | Sell |
| SMA (50) | 426.53 | Sell |
| EMA (50) | 422.37 | Sell |
| SMA (100) | 522.67 | Sell |
| EMA (100) | 492.1 | Sell |
| SMA (200) | 562.31 | Sell |
| EMA (200) | 568.61 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 22.19 | Buy |
| MACD (12,26,9) | -40.15 | Sell |
| Stochastic (14,3,3) | 16.25 | Buy |
| ADX (14) | 42.19 | Buy |
| Williams %R (14) | -79.64 | Neutral |
| ATR (14) | 13.35 | High Volatility |
| ROC (12) | -9.66 | Sell |
| Stoch RSI (14) | 67.2 | Neutral |
| UO (7,14,28) | 32.56 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 January 2026 - RTA certificate for quarter ended 31 Dec 2025: all shares dematerialised; Regulation 74(5) not applicable. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 January 2026 - RTA certificate for quarter ended 31 Dec 2025: all shares dematerialised; Regulation 74(5) not applicable.](https://nsearchives.nseindia.com/corporate/TIRUPATI_09012026125908_SELETTERWITHCERTIFICATE.pdf) |
| 8 October 2025 - RTA certificate under Reg.74(5) for quarter ended 30 Sep 2025: all shares dematerialised; no remat requests. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 October 2025 - RTA certificate under Reg.74(5) for quarter ended 30 Sep 2025: all shares dematerialised; no remat requests.](https://nsearchives.nseindia.com/corporate/TIRUPATI_08102025130709_SELETTERWITHCERTIFICATE.pdf) |
| 6 June 2026 - Infomerics assigned IVR BBB+/Stable rating to Rs85.76 crore bank loan facilities. | [Credit Rating 6 June 2026 - Infomerics assigned IVR BBB+/Stable rating to Rs85.76 crore bank loan facilities.](https://nsearchives.nseindia.com/corporate/TIRUPATI_06062026121819_SELETTERWITHRATING.pdf) |
| 4 May 2026 - Promoter group held 67,01,040 shares as of 31 March 2026; no encumbrance created. | [Disclosure under SEBI Takeover Regulations 4 May 2026 - Promoter group held 67,01,040 shares as of 31 March 2026; no encumbrance created.](https://nsearchives.nseindia.com/corporate/team_sandeshc_30042026124739_27.pdf) |
| 4 Aug - Book closure from 18–25 September 2026 for the 17th AGM. | [Record Date 4 Aug - Book closure from 18–25 September 2026 for the 17th AGM.](https://nsearchives.nseindia.com/corporate/TIRUPATI_04082026162342_SELETTERBOOKCLOSUREFINAL.pdf) |
| 4 Aug - Board approved reappointment of Yash Khemchandani as independent director for 10 Jun 2027-9 Jun 2032, subject to AGM. | [Appointment 4 Aug - Board approved reappointment of Yash Khemchandani as independent director for 10 Jun 2027-9 Jun 2032, subject to AGM.](https://nsearchives.nseindia.com/corporate/TIRUPATI_04082026163124_SELETTERINDEPENDENTDIRECTORFINAL.pdf) |
| 4 Aug - Board approved AGM on 25 Sep 2026, book closure, e-voting dates, and MD/independent director reappointments. | [Outcome of Board Meeting 4 Aug - Board approved AGM on 25 Sep 2026, book closure, e-voting dates, and MD/independent director reappointments.](https://nsearchives.nseindia.com/corporate/TIRUPATI_04082026162101_SELETTEROUTCOMEBMFINAL.pdf) |
| 4 Aug - Binod Kumar Agarwal reappointed Managing Director for five years from 17 July 2027 to 16 July 2032, subject to AGM approval. | [Appointment 4 Aug - Binod Kumar Agarwal reappointed Managing Director for five years from 17 July 2027 to 16 July 2032, subject to AGM approval.](https://nsearchives.nseindia.com/corporate/TIRUPATI_04082026163452_SELETTERMANAGINGDIRECTORFINAL.pdf) |
| 30 September 2025 - Resignation of Amit Agarwal; Vinod Verma appointed non-executive director of STB International Pvt Ltd effective 30 Sep 2025. | [General Updates 30 September 2025 - Resignation of Amit Agarwal; Vinod Verma appointed non-executive director of STB International Pvt Ltd effective 30 Sep 2025.](https://nsearchives.nseindia.com/corporate/TIRUPATI_30092025170121_SE_LETTER_CHANGE_IN_DIRECTORS_IN_STB.pdf) |
| 3 November 2025 - Board approved unaudited standalone and consolidated results for H1 ended 30 Sep 2025; limited review recorded. | [Outcome of Board Meeting 3 November 2025 - Board approved unaudited standalone and consolidated results for H1 ended 30 Sep 2025; limited review recorded.](https://nsearchives.nseindia.com/corporate/TIRUPATI_03112025211444_FINAL.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30584_TIRUPATI_2025_2026_A_2259725_25082026133005.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27728_TIRUPATI_2024_2025_A_1826875_26082025182249.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25609_TIRUPATI_2023_2024_03092024194821.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23393_TIRUPATI_2022_2023_04092023174745_09042023180048.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21380_TIRUPATI_2021_2022_05092022180136_09052022190001.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19272_TIRUPATI_2020_2021_03092021171926_09032021180011.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17823_TIRUPATI_2019_2020_23112020153859_26112020120156.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15689_TIRUPATI_2018_2019_03092019184043_03092019190014.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_14121_TIRUPATI_2017_2018_06102018114933.zip) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:17:07.772Z.