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Tirupati Foam Ltd (540904)

📊 BSE: 540904 🏢 Furniture, Home Furnishing 📢 Latest filing: 05 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Tirupati Foam's revenue was ₹28.1 Cr (+22.4% year on year, +15.2% on the previous quarter), and net profit ₹0.7 Cr (+61.3% year on year); the operating margin was 6.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹28.1	+22.4%	+15.2%
Operating profit	₹1.9	+9.0%	+8.4%
Net profit	₹0.7	+61.3%	+32.9%
EPS (₹)	1.54	+62.1%	+32.8%
Operating margin	6.9%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Promoter Group Sells 0.17% Stake (7,712 Shares) in Tirupati Foam via Open Market

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Oct 2026, 05:02 PM

Kalpesh Babulal Kothari, belonging to the promoter group of Tirupati Foam Limited, disclosed the sale of 7,712 equity shares representing 0.17% of the total equity capital. The disposal was executed through the open market in two tranches: 3,981 shares on September 25, 2026, and 3,731 shares on September 28, 2026. Following the transaction, the individual's holding decreased from 0.55% (24,287 shares) to 0.38% (16,575 shares). Overall promoter group holding remains substantial at approximately 71.5% post-sale.

Promoter group member Kalpesh Babulal Kothari sold 7,712 shares (0.17% stake) via open market
Sale took place in two tranches: 3,981 shares on 25.09.2026 and 3,731 shares on 28.09.2026
Seller's stake reduced from 24,287 shares (0.55%) to 16,575 shares (0.38%)
Total target company share capital unchanged at 44,07,000 equity shares (Rs 4.41 crore)

💡 Track upcoming quarterly shareholding patterns to verify overall promoter group holding stability and monitor if further promoter disposals occur.

Promoter Group Sells 0.52% Stake (22,990 Shares) in Tirupati Foam for ~Rs 0.20 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Sep 2026, 03:01 PM

Promoter group entities Dhirajben B Kothari and Kalpesh Babulal Kothari offloaded 11,495 equity shares each (totaling 22,990 shares or 0.52% stake) of Tirupati Foam Ltd via open market transactions on September 24, 2026. Following the disposal, their collective holding reduced from 5.38% (237,022 shares) to 4.86% (214,032 shares). At current market prices, the transaction value represents approximately Rs 0.20 crore, which is minor compared to the company's Rs 38 crore market capitalization. Overall promoter holding in the company remains comfortable above 71%.

Dhirajben B Kothari and Kalpesh B Kothari sold 11,495 shares each (total 22,990 shares or 0.52% equity).
Combined holding of the two sellers decreased from 5.38% (237,022 shares) to 4.86% (214,032 shares).
Disposal took place via the open market on September 24, 2026.
Target company's total equity base stands at 44,07,000 shares of Rs 10 face value (Rs 4.407 crore).

💡 Track subsequent quarterly shareholding patterns to check whether other promoter group members are selling or if this is an isolated small trimming of holdings.

Promoter Group Sells 0.67% Stake in Tirupati Foam for ~Rs 0.26 Cr via Open Market

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Sep 2026, 03:00 PM

Promoter group members Dhirajben B Kothari and Kalpesh Babulal Kothari sold 29,652 equity shares, representing a 0.67% stake in Tirupati Foam Ltd via open market transactions between September 22 and September 23, 2026. Following this disposal, their combined holding decreased from 6.05% (266,671 shares) to 5.38% (237,022 shares). At the current share price of Rs 87.2, the transaction is valued at approximately Rs 0.26 crore, representing less than 1% of the company's Rs 38 crore market capitalization. Overall promoter holding remains solid, previously standing at 71.72%.

Dhirajben B Kothari sold 11,495 shares (0.26%) on September 23, 2026
Kalpesh Babulal Kothari sold 18,157 shares (0.41%) across September 22 and September 23, 2026
Total shares offloaded stood at 29,652 shares, trimming collective PAC holding from 6.05% to 5.38%
Total voting equity capital remained constant at 4,407,000 shares (Rs 4.407 crore)

💡 Track future quarterly shareholding patterns to verify if any further open-market promoter stake sales continue.

Promoter Group Member Sells 13,717 Shares (0.311% Stake) in Tirupati Foam

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 22 Sep 2026, 12:18 PM

Kalpesh B Kothari, belonging to the promoter group of Tirupati Foam Limited, sold 13,717 equity shares (representing a 0.311% stake) via the open market between September 10 and September 21, 2026. Following this sale, his shareholding in the company decreased from 67,656 shares (1.535%) to 53,939 shares (1.224%). The overall promoter holding in Tirupati Foam was 71.72% as of June 2026, meaning this disposal represents a minor reduction in promoter family holdings.

Sale of 13,717 shares representing 0.311% of voting capital
Seller's stake reduced from 1.535% (67,656 shares) to 1.224% (53,939 shares)
Transactions completed via open market between September 10, 2026, and September 21, 2026
Total paid-up capital remains unchanged at 44,07,000 equity shares (Rs 4.407 crore)

💡 Monitor upcoming quarterly shareholding patterns to verify whether other promoter group members are divesting or if this was an isolated individual rebalancing.

61.9% YoY Profit Growth in Q1 FY27 for Tirupati Foam Ltd

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 04:49 PM

Tirupati Foam Ltd reported a strong start to the new fiscal year with Q1 FY27 revenue growing 22.3% YoY to ₹28.09 Cr. Net profit surged 61.9% YoY to ₹0.68 Cr, compared to ₹0.42 Cr in the same quarter last year. The growth was achieved despite a significant 29.3% increase in raw material costs, which now account for 84.5% of revenue. EPS improved to ₹1.54 from ₹0.96 YoY, reflecting improved operational efficiency on a small base.

Revenue from operations increased 22.3% YoY to ₹28.09 Cr from ₹22.96 Cr.
Net profit after tax grew 61.9% YoY to ₹0.68 Cr from ₹0.42 Cr.
Cost of materials consumed rose to ₹23.75 Cr, representing 84.5% of total revenue.
Finance costs decreased by 7.6% YoY to ₹0.86 Cr from ₹0.93 Cr.
Basic and Diluted EPS increased to ₹1.54 from ₹0.96 in the year-ago period.

💡 Investors should monitor the sustainability of this revenue growth and the company's ability to manage raw material price volatility, which remains the largest cost driver.

60% YoY Profit Growth; Tirupati Foam Reports Q1 Revenue of ₹28.09 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 04:45 PM

Tirupati Foam reported a strong start to FY27 with revenue growing 22.3% YoY to ₹28.09 Cr. Net profit increased significantly by 59.8% YoY to ₹0.68 Cr, up from ₹0.42 Cr in the same quarter last year. Sequential performance was also robust, with revenue and profit rising 15.2% and 32.1% respectively compared to the preceding March 2026 quarter. The company continues to operate in a single segment (Polyurethane Foam) with a stable promoter holding of 71.7%.

Revenue from operations grew 22.3% YoY to ₹28.09 Cr compared to ₹22.96 Cr in Q1 FY26
Net profit after tax rose 59.8% YoY to ₹0.68 Cr from ₹0.42 Cr
Earnings Per Share (EPS) improved to ₹1.54 from ₹0.96 in the year-ago period
Cost of materials consumed increased to ₹23.75 Cr, representing 84.5% of revenue
Finance costs decreased slightly to ₹0.86 Cr from ₹0.93 Cr YoY

💡 Monitor if the company can sustain this higher revenue run-rate in the coming quarters, as Q1 revenue alone represents nearly 30% of the total FY26 revenue. Watch for any impact of raw material price fluctuations on margins, given the high material cost component.

Aug 12 Board Meeting to Approve Q1 FY27 Results and Appoint Internal Auditor

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 01 Aug 2026, 12:29 PM

Tirupati Foam Ltd has scheduled a board meeting on August 12, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The board will also consider the reappointment of M/s D A Rupawala & Associates as internal auditors for the 2026-2027 financial year. This is a routine regulatory filing for the Rs 44 Cr market cap company. Investors will be looking for signs of revenue recovery after FY26 revenue declined to Rs 95 Cr from Rs 106 Cr in FY25.

Board meeting scheduled for August 12, 2026, at 03:30 p.m.
Financial results to be approved for the quarter ended June 30, 2026
Reappointment of Internal Auditor proposed for the full FY 2026-2027
Trading window has been closed since July 1, 2026, per SEBI norms

💡 Monitor the financial results on August 12 to assess if the company can improve its operating profit margin, which was 7.7% in FY26.

₹30 Cr Asset Sale: Tirupati Foam to Sell Surplus Noida Land; Value Equals 100% of Market Cap

🟢 POSITIVE ⭐ 9/10

M&A 📅 21 Jul 2026, 06:26 PM

Tirupati Foam Ltd has proposed the sale of its surplus land and building in Greater Noida (9,325 Sq. Meters) for a minimum consideration of ₹30 Crore. This transaction is highly significant as the sale value represents approximately 100% of the company's current market capitalization (₹30 Cr) and 88% of its net worth (₹34 Cr). The buyer, Neumann Components Pvt Ltd, is an independent third party. If completed, the proceeds could substantially reduce the company's existing debt of ₹37 Crore, potentially transforming its balance sheet.

Proposed sale of 9,325 Sq. Meters surplus land parcel in Greater Noida for at least ₹30 Crore
Sale consideration of ₹30 Crore is equivalent to 100% of the company's current market capitalization
Transaction represents ~88% of the company's reported net worth of ₹34 Crore
AGM scheduled for August 20, 2026, to seek shareholder approval for this special resolution
Potential to significantly deleverage the company which currently carries ₹37 Crore in debt

💡 Monitor the outcome of the AGM on August 20, 2026, for shareholder approval and subsequent filings regarding the definitive sale agreement and the specific plan for utilizing the ₹30 Crore proceeds.

Rs 30 Cr Sale of Surplus Land; Value Equals 100% of Market Cap

🟢 POSITIVE ⭐ 9/10

M&A 📅 21 Jul 2026, 03:44 PM

Tirupati Foam Ltd has approved the sale of its surplus land and building in Greater Noida for a minimum consideration of Rs 30 crore. This transaction is highly material as the sale value equals the company's entire current market capitalization (Rs 30 Cr) and represents approximately 88% of its net worth (Rs 34 Cr). The land, measuring 9,325 sq. meters, had minimal operations, and production has already been shifted to an adjacent plot to ensure no business impact. The deal is expected to close within six months, pending shareholder approval at the upcoming 39th AGM.

Sale of 9,325 sq. meters of land and building at Plot No. 5, Ecotech I, Greater Noida
Minimum consideration of Rs 30 crore, determined by a valuation report
Transaction value represents 100% of the company's current market capitalization of Rs 30 crore
Expected completion timeline of 6 months following shareholder approval at the 39th AGM
Production already suspended at the site with all machinery shifted to adjacent Plot 4

💡 Investors should monitor the 39th AGM results for shareholder approval and watch for management commentary on the utilization of the Rs 30 crore proceeds, specifically regarding debt reduction.

₹30 Cr Land Sale Proposed; Tirupati Foam Fixes Aug 13 Record Date for AGM and Dividend

🟢 POSITIVE ⭐ 9/10

OTHER 📅 20 Jul 2026, 05:18 PM

Tirupati Foam has issued a notice for its 39th AGM on August 20, 2026, featuring a major proposal to sell surplus land in Greater Noida for at least ₹30 Crore. This transaction is exceptionally significant as the minimum sale price equals the company's entire market capitalization of ₹30 Crore and represents approximately 31.5% of its TTM revenue. If approved and executed, the proceeds could substantially reduce the company's debt burden of ₹37 Crore, which currently exceeds its net worth of ₹34 Crore. The board has also proposed a dividend for FY26, with the record date set for August 13, 2026.

Proposed sale of 9,325 Sq. Meters of surplus land in Greater Noida for a minimum consideration of ₹30 Crore
Sale value of ₹30 Crore is equivalent to 100% of the company's current market capitalization
Record date for dividend eligibility and e-voting fixed as August 13, 2026
AGM scheduled for August 20, 2026, to seek shareholder approval for the asset monetization
Company currently carries ₹37 Crore in debt against a net worth of ₹34 Crore, making this liquidity event critical

💡 Monitor the voting results of the 39th AGM on August 20, 2026, specifically for the special resolution regarding the land sale, and watch for subsequent updates on the actual sale execution and debt repayment.

Rs 30 Cr Sale of Surplus Noida Land; Value Equals 100% of Market Cap

🟢 POSITIVE ⭐ 9/10

OTHER 📅 20 Jul 2026, 04:57 PM

Tirupati Foam has approved the sale of a 9,325 sq. meter surplus land parcel and building in Greater Noida for a minimum consideration of Rs 30 crore. This transaction is highly material as the sale value equals the company's entire current market capitalization (Rs 30 cr) and represents approximately 88% of its net worth (Rs 34 cr). Operations at this specific plot were already suspended with machinery moved to an adjacent site, ensuring no impact on current production. The expected cash infusion could significantly deleverage the company, which currently carries Rs 37 crore in debt.

Minimum sale consideration of Rs 30 crore for the Noida property
Land area involved measures approximately 9,325 Sq. Meters at Plot No. 5, Greater Noida
Sale value represents 100% of the company's current market capitalization of Rs 30 crore
Transaction expected to be completed within 6 months following shareholder approval at the 39th AGM
Production already suspended at the site with all machinery shifted to adjacent Plot 4

💡 Monitor the upcoming 39th Annual General Meeting for shareholder approval and subsequent filings regarding the actual utilization of the Rs 30 crore proceeds, specifically for debt reduction.

Tirupati Foam Recommends 10% Dividend (Re. 1/share); Record Date Aug 13, 2026

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 20 Jul 2026, 04:51 PM

Tirupati Foam Ltd has recommended a dividend of Re. 1 per equity share (10% of face value) for the financial year, subject to shareholder approval at the 39th AGM on August 20, 2026. The total payout will apply to 4,407,000 equity shares, resulting in a total cash outflow of approximately Rs 0.44 crore. Based on the current market price of Rs 68, this represents a dividend yield of 1.47%. The record date for determining shareholder eligibility is fixed for August 13, 2026.

Dividend recommended at 10% or Re. 1 per equity share of the company
Record date for dividend eligibility set for Thursday, August 13, 2026
Total equity shares eligible for the dividend payout stand at 4,407,000
39th Annual General Meeting (AGM) scheduled for August 20, 2026, at 03:30 PM
Estimated total dividend payout of Rs 0.44 crore against TTM PAT of Rs 2 crore

💡 Investors should note the record date of August 13, 2026, to be eligible for the payout; the stock will trade ex-dividend typically one business day prior.

Tirupati Foam Ltd Announces Rs 1.00 Dividend; Sets Record Date for Aug 13, 2026

🟢 POSITIVE ⭐ 5/10

DIVIDEND 📅 20 Jul 2026, 04:47 PM

Tirupati Foam Ltd has declared a dividend of Rs 1.00 per share (10% of face value) for its 4,407,000 equity shares. The record date for determining eligibility for this dividend and for e-voting at the upcoming AGM is August 13, 2026. At the current market price of Rs 68.0, this translates to a dividend yield of approximately 1.47%. The total payout is estimated at Rs 0.44 crore, which represents approximately 22% of the company's TTM net profit of Rs 2 crore.

Dividend amount of Rs 1.00 per equity share (10% of face value)
Record date for dividend and e-voting set for August 13, 2026
Total equity shares eligible for payout: 4,407,000
Estimated total dividend payout of Rs 0.44 crore against TTM PAT of Rs 2 crore

💡 Investors should note the record date of August 13, 2026, to ensure they are on the register for the Rs 1.00 per share payout.

Tirupati Foam Recommends 10% Final Dividend (Re. 1/share); Record Date Aug 13, 2026

🟢 POSITIVE ⭐ 5/10

DIVIDEND 📅 20 Jul 2026, 04:45 PM

Tirupati Foam has recommended a final dividend of 10%, amounting to Re. 1 per equity share for the financial year 2025-26. The total payout is approximately Rs 0.44 crore across 4,407,000 shares, representing a payout ratio of roughly 22% of its TTM PAT of Rs 2 crore. At the current market price of Rs 68, the dividend yield stands at approximately 1.47%. The record date for determining shareholder eligibility is set for August 13, 2026.

Final dividend of 10% recommended for the financial year 2025-26
Dividend amount fixed at Re. 1 per equity share on a face value of Rs 10
Record date for eligibility is Thursday, 13th August, 2026
Total equity base consists of 4,407,000 shares
Implied dividend yield of 1.47% based on current price of Rs 68.0

💡 Investors should note the record date of August 13, 2026, to ensure eligibility; watch for the upcoming AGM for final approval and payment timelines.

Rs 30 Cr Asset Sale Proposed; Tirupati Foam to Sell Noida Land (100% of Market Cap)

🟢 POSITIVE ⭐ 9/10

M&A 📅 20 Jul 2026, 04:43 PM

Tirupati Foam has issued a notice for its 39th AGM on August 20, 2026, seeking shareholder approval for a transformative asset sale. The company proposes to sell a surplus land parcel of 9,325 sq. meters in Greater Noida to Neumann Components Pvt Ltd for a minimum consideration of Rs 30 Crore. This transaction is highly material, representing 100% of the company's current market capitalization and approximately 88% of its net worth. The proceeds could potentially eliminate a significant portion of the company's Rs 37 Crore debt.

Proposed sale of 9,325 sq. meters of surplus land and building in Greater Noida for at least Rs 30 Crore
Sale consideration of Rs 30 Crore is equivalent to 100% of the company's current market capitalization
Record date for dividend and e-voting fixed for August 13, 2026
AGM scheduled for August 20, 2026, to seek approval for this special resolution
Cost auditor remuneration for FY26 ratified at Rs 35,000 plus taxes

💡 Monitor the shareholder voting results on August 22, 2026, and subsequent management commentary regarding the specific utilization of the Rs 30 Crore proceeds.

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