Tirupati Foam Ltd - consumer goods in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L25199GJ1986PLC009071 Incorporated 14 October 1986 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - BSE: 540904 Public Limited Company consumer goods MSME · Medium
Data last updated
Market Cap
₹30.26 Cr
TIRUFOAM · BSE
Share Price
₹68.66
0.00% today
Revenue
₹95.01 Cr
FY 2025-26 · -10.4% YoY
EBITDA
₹7.38 Cr
Margin 7.8%
Net Profit
₹1.90 Cr
FY 2025-26 · -1.0% YoY
P/E (TTM)
14.6x
P/B 0.9x
ROE
5.8%
ROCE 8.8%
Debt / Equity
1.15
Interest cover 62.8x

About Tirupati Foam Ltd

Data last updated:

Tirupati Foam Ltd is a public limited company based in Ahmedabad, Gujarat, India. It operates in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 14 October 1986 and has been in existence for over 40 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L25199GJ1986PLC009071. Its GSTIN is 24AAACT5741N1Z4 (Gujarat). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 540904.

The company has an authorised share capital of ₹4.6 Cr and a paid-up capital of ₹4.41 Cr. It was formerly known as Tirupati Foams Pvt Ltd and Tirupati Foam Pvt Ltd. It is led by directors including Roshankumar Punamchand Sanghavi (Managing Director) and Satishkumar Amrutlal Mehta (Whole-Time Director).

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹95.01 Cr, a decline of 10.4% compared to the previous year. For the same year it recorded a net profit of ₹1.9 Cr (net margin 2%) and EBITDA of ₹7.38 Cr (EBITDA margin 7.8%). The net worth stands at ₹34.03 Cr (up 4.7% YoY). Total assets are valued at ₹71.15 Cr (down 2% YoY).

The company has about 94 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Tirupati Foam. As per MCA filings, the company has open charges of ₹178.35 Cr and satisfied charges of ₹45.68 Cr on record. Court records list 87 cases involving the company, including 77 filed by the company and 10 filed against it; 22 cases are pending. The company has 9 deals on record (6 market trades, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹3.55 Cr; the latest was in September 2019. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 104 overdue payments to 25 micro and small suppliers.

Tirupati Foam Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0019951). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tirupatifoam.com.

Company details

CIN L25199GJ1986PLC009071
Registration Number 009071
Incorporation Date 14 October 1986
ROC Ahmedabad
Listing Status Listed - Listed on BSE (540904)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0019951

Name history

Tirupati Foam has undergone 2 name changes throughout its history. The company was previously known as Tirupati Foams Pvt Ltd, and Tirupati Foam Pvt Ltd. The current legal name is Tirupati Foam Ltd.

Company NameStatus
Tirupati Foam LtdCurrent
Tirupati Foams Pvt LtdPrevious
Tirupati Foam Pvt LtdPrevious

CIN history

Tirupati Foam has one previous CIN (Corporate Identification Number): U25199GJ1986PLC009071. The current CIN is L25199GJ1986PLC009071, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L25199GJ1986PLC009071Current
U25199GJ1986PLC009071Previous

Recognitions & Rankings of Tirupati Foam

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-01-0019951

Contact details

Tirupati Foam Ltd's registered office is in Ahmedabad, Gujarat. Its website is tirupatifoam.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Tirupati House 4th Floor Nr. Topaz Restaurant University Road Polytechnic Char Rasta, Ambawadi, Ahmedabad, Gujarat, India – 380015
  • Industry
    Consumer Goods, Home Furnishings Manufacturing

To see the full contact details of Tirupati Foam Ltd, buy the company report.

Comprehensive company report
Tirupati Foam Ltd - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Brands

Tirupati Foam operates one associated brand: Tirupati Foam. Each brand links to its own profile.

BrandDescriptionWebsite
Mattresses, pillows, and industrial PU foams are manufactured.tirupatifoam.com

Business activity

The main business activity of Tirupati Foam is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Tirupati Foam Ltd, buy the company report.

Financials of Tirupati Foam Ltd

FY 2025-26 filings available

Tirupati Foam Ltd reported revenue of ₹95.01 Cr (down 10.4% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹95.01 Cr
-10.4% YoY
EBITDA
₹7.38 Cr
-9.9% YoY
Profit After Tax
₹1.90 Cr
-1.0% YoY
Net Worth
₹34.03 Cr
+4.7% YoY
Total Assets
₹71.15 Cr
-2.0% YoY
Total Debt
₹36.64 Cr
-7.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue95.0110610410210373.5879.85
Revenue growth-10.4%+2.0%+2.3%-1.0%+39.6%-7.9%-
EBITDA7.388.199.009.279.027.709.36
EBITDA margin+7.8%+7.7%+8.7%+9.1%+8.8%+10.5%+11.7%
Profit before tax2.572.832.762.632.531.543.16
Net profit1.901.922.101.891.821.082.22
Net profit margin+2.0%+1.8%+2.0%+1.9%+1.8%+1.5%+2.8%
EPS (₹)4.344.814.744.284.112.455.34
Balance sheet
Total assets71.1572.6071.6076.0473.6881.1973.54
Net worth34.0332.4930.7829.1027.6225.7724.67
Total debt36.6439.5440.4046.5545.6755.1048.57
Cash & bank0.502.440.562.552.262.620.59
Net working capital38.0437.9834.7637.0833.4641.9635.57
Cash flow
Cash from operations4.746.279.015.2715.096.509.31
Cash from investing0.451.230.13(0.61)(1.33)(2.30)(5.73)
Cash from financing(7.05)(5.49)(11.36)(4.38)(13.88)(2.16)(3.43)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue28.0924.3824.7822.8822.9627.7330.5323.08
Revenue growth (YoY)+22.3%-12.1%-18.8%-0.9%-7.0%---
Other income0.080.110.070.110.090.120.240.08
Total expenses26.1522.5922.9320.9421.1825.8428.5121.01
EBITDA1.941.791.851.941.781.892.022.07
EBITDA margin+6.9%+7.3%+7.5%+8.5%+7.8%+6.8%+6.6%+9.0%
Depreciation0.280.360.360.360.370.410.420.42
Interest0.860.830.990.960.930.751.111.14
Profit before tax0.880.710.570.730.570.850.730.59
Tax0.200.190.120.180.150.230.140.15

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue28.0924.3824.7822.8822.9627.7330.5323.08
Revenue growth (YoY)+22.3%-12.1%-18.8%-0.9%-7.0%---
Other income0.080.110.070.110.090.120.240.08
Total expenses26.1522.5922.9320.9421.1825.8428.5121.01
EBITDA1.941.791.851.941.781.892.022.07
EBITDA margin+6.9%+7.3%+7.5%+8.5%+7.8%+6.8%+6.6%+9.0%
Depreciation0.280.360.360.360.370.410.420.42
Interest0.860.830.990.960.930.751.111.14
Profit before tax0.880.710.570.730.570.850.730.59
Tax0.200.190.120.180.150.230.140.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue95.0110610410210373.5879.85
Revenue growth-10.4%+2.0%+2.3%-1.0%+39.6%-7.9%-
Other income0.370.500.540.440.260.090.59
Total expenses87.6397.8494.9992.3893.6665.8870.49
Employee cost1.951.811.491.341.161.191.17
EBITDA7.388.199.009.279.027.709.36
EBITDA margin+7.8%+7.7%+8.7%+9.1%+8.8%+10.5%+11.7%
Depreciation1.461.672.012.262.301.541.67
Interest3.724.194.774.824.454.715.12
Profit before tax2.572.832.762.632.531.543.16
Tax0.650.690.660.740.710.460.79
Net profit1.901.922.101.891.821.082.22
Net profit margin+2.0%+1.8%+2.0%+1.9%+1.8%+1.5%+2.8%
EPS (₹)4.344.814.744.284.112.455.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital4.444.444.444.444.444.444.44
Reserves & surplus29.5928.0526.3424.6623.1821.3320.23
Shareholders' funds (net worth)34.0332.4930.7829.1027.6225.7724.67
Secured loans24.8327.4828.5728.3826.0933.2031.24
Unsecured loans11.8112.0611.8318.1719.5821.9017.33
Total debt36.6439.5440.4046.5545.6755.1048.57
Total liabilities71.1572.6071.6076.0473.6881.1973.54
Assets
Gross block69.3569.3770.1270.2669.2563.9758.81
Net block32.9534.4236.6538.5839.8336.8533.23
Capital work in progress0.000.000.000.000.001.914.30
Investments0.000.000.010.010.010.010.01
Inventories34.0129.8427.6423.8023.3222.2115.50
Sundry debtors18.2518.8017.8820.3023.6127.2827.66
Cash & bank balances0.502.440.562.552.262.620.59
Loans & advances2.521.982.231.521.303.643.76
Total current assets55.2853.0648.3148.1750.4955.7547.51
Total current liabilities17.2415.0813.5511.0917.0313.7911.94
Net working capital38.0437.9834.7637.0833.4641.9635.57
Total assets71.1572.6071.6076.0473.6881.1973.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash2.300.292.512.232.350.310.17
Net cash from operating activities4.746.279.015.2715.096.509.31
Net cash from investing activities0.451.230.13(0.61)(1.33)(2.30)(5.73)
Net cash from financing activities(7.05)(5.49)(11.36)(4.38)(13.88)(2.16)(3.43)
Net change in cash(1.86)2.01(2.22)0.28(0.12)2.040.14
Closing cash0.502.440.562.552.262.620.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-10.4%+2.0%+2.3%-1.0%+39.6%-7.9%-
EBITDA growth-9.9%-9.0%-2.9%+2.8%+17.1%-17.7%-
PBT growth-9.2%+2.5%+4.9%+4.0%+64.3%-51.3%-14.1%
Net income growth-1.0%-8.6%+11.1%+3.9%+68.5%-51.4%-
Revenue CAGR (3Y)-2.2%+1.1%+12.2%+8.4%-0.2%-8.8%+3.5%
EBITDA CAGR (3Y)-7.3%-3.2%+5.3%-0.3%-2.4%-3.5%+7.5%
Profitability & leverage
Net income margin+2.0%+2.0%+2.0%+1.9%+1.8%+1.5%+3.0%
Return on capital employed+8.8%+9.7%+10.2%+10.0%+9.0%+8.1%+11.8%
Return on net worth+5.8%+6.8%+7.0%+6.7%+6.9%+4.3%+9.9%
Debt / equity1.151.261.451.631.892.061.93
Long-term debt / equity0.370.440.600.820.991.000.92
Interest cover62.8464.2668.2468.7666.2276.4666.58
Efficiency & per share
Fixed asset turnover1.371.521.481.461.541.201.41
Inventory turnover2.983.694.044.314.513.905.25
Debtors turnover5.135.785.454.634.042.682.91
EPS (₹)4.344.814.744.284.112.455.34
Dividend per share (₹)1.001.001.000.001.000.000.00
Book value per share (₹)76.6573.2069.3365.5662.2058.0555.57

To see the full year-wise statements and ratios of Tirupati Foam Ltd, buy the company report.

Board of directors of Tirupati Foam Ltd

Tirupati Foam has 14 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Arvindbhai Tarachand GandhiDirector30 Mar 20197 Years 6 MonthsCurrent
Dipakkumar Bachubhai KotadiaDirector30 Mar 20197 Years 6 MonthsCurrent
Satishkumar Amrutlal MehtaWhole-Time Director17 Aug 199333 Years 2 MonthsCurrent
Mukeshkumar Babulal ShahDirector14 Oct 198640 Years 0 MonthsCurrent
Minaben Roshankumar SanghaviDirector25 Mar 201511 Years 6 MonthsCurrent
Deepak Takhatmal MehtaWhole-Time Director24 May 199531 Years 4 MonthsCurrent
Showing 6 of 14 current directors. View all directors

Auditor

Tirupati Foam Ltd is audited by F P AND ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
F P AND ASSOCIATESFY 2023143262W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 71.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 28.30%.

Promoters: 71.70%Retail & Others: 28.30%
Sep 2026
QUARTER
71.70% Promoters
28.30% Retail & Others
Promoter holding - history
Now 71.70% · Sep 2026High 72.10% · Dec 2025Low 71.70% · Mar 2026
70%71%72%73%74%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 72.10%Mar 2026: 71.70%Jun 2026: 71.70%Sep 2026: 71.70%72.10%71.70%71.70%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters71.70%71.70%71.70%72.10%
Public28.30%28.30%28.30%27.90%

Charges & borrowings

Open charges
₹178.35 Cr
Satisfied charges
₹45.68 Cr
Breakdown by lending institutions
Bank of India₹174.85 Cr
Axis Bank Limited₹3.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Feb 2023100682759Bank of India₹15.75 LakhOpen
30 Oct 2021100503062Bank of India₹2.15 CrOpen
20 Aug 2020100363740Bank of India₹4.37 CrOpen
11 Nov 2019100307379Axis Bank Limited₹3.5 CrOpen
03 Jan 201410473449Bank of India₹65 LakhOpen

To see the full charge records of Tirupati Foam Ltd, buy the company report.

Total charge records: 24 View all charges

Deals & funding

Tirupati Foam Ltd has 9 deals on record (6 market trades, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹3.55 Cr; the latest was in September 2019.

Total deals
9
Market trades
6
Secondary share transfers
2
Funding round
1
Disclosed funding
₹3.55 Cr

Deals on record (5 of 9)

WhenDealAmountParties
Sep 2019Secondary share transferUndisclosedBuyer: Roshan Poonamchand Sanghvi Huf, Others - TIRUPATI FOAM Limited, 2 individuals
Seller: Others - Tirupati Foam Limited, 2 individuals
Sep 2018Secondary share transferUndisclosedBuyer: Manish Poonamchand Sanghvi Huf, 3 individuals
Seller: Others - Tirupati Foam Limited, Chartered Capital and Investment Limited , 2 individuals
Jan 2016Market trade₹8 LakhSeller: Chartered Capital and Investment Limited
Jan 2016Market trade₹8.2 LakhSeller: Chartered Capital and Investment Limited
Oct 2008Funding round₹3.55 CrInvestors: 4 individuals

To see the full deal history of Tirupati Foam Ltd, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Tirupati Foam Ltd was last rated by Brickwork on 30 Jul 2019.

Rating agencyRated onRating
Brickwork30 Jul 2019

To see the full credit ratings and regulatory alerts of Tirupati Foam Ltd, buy the company report.

MSME payment delays

Tirupati Foam Ltd has 11 MSME Form 1 returns on record between 2019 and 2024, listing 104 overdue payments to 25 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 25)

SupplierAmount dueDue sinceReported on
Kapoor Sales Corporation
an individual supplier
Saan Global Limited
Maruti Polyfab
an individual supplier

To see the full MSME payment records of Tirupati Foam Ltd, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Tirupati Foam Ltd has a workforce of 94 employees on its EPFO records as of Apr 02, 2024, across 2 active EPFO establishments.

Employee count
94
Active EPFO establishments
2
Employee growth
-7.84%

GST

Tirupati Foam has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
24AAACT5741N1Z4GujaratActive01 Jul 2017
09AAACT5741N1ZWUttar PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Tirupati Foam Ltd, buy the company report.

Recent activity

Tirupati Foam Ltd has 20 board changes on record since 1986: 17 appointments and 3 cessations. The latest: Manishkumar Ramanbhai Patel was appointed as Director on 31 Mar 2022.

Charges
A charge with Axis Bank Limited of Rs. 3.50 Cr registered on 11 Nov 2019 with Charge ID 100307379 was modified on 19 May 2026.
Filing
Tirupati Foam Ltd has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Tirupati Foam Ltd last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge with Bank Of India amounted to Rs. 0.16 Cr with Charge ID 100682759 was registered on 27 Feb 2023.
Charges
A charge registered on 30 May 2020 via Charge ID 100337956 with Bank Of India was fully satisfied on 24 Jun 2022.
Charges
A charge registered on 28 Mar 2017 via Charge ID 100093015 with Bank Of India was fully satisfied on 13 May 2022.
Charges
A charge registered on 24 Mar 2017 via Charge ID 100093005 with Bank Of India was fully satisfied on 13 May 2022.
Charges
A charge registered on 24 Mar 2017 via Charge ID 100093011 with Bank Of India was fully satisfied on 13 May 2022.
Appointed
Manishkumar Ramanbhai Patel was appointed as Director.
Charges
A charge with Bank Of India amounted to Rs. 2.15 Cr with Charge ID 100503062 was registered on 30 Oct 2021.
Appointed
Mukeshkumar Motilal Shah was appointed as Director.
Appointed
Pareshbhai Devendrababu Kothari was appointed as Director.

55 earlier events are in the company report.

Frequently asked questions

Tirupati Foam is an active public limited company based in Ahmedabad, Gujarat, India. The company works in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 14 October 1986 (40+ years old) and is registered under CIN L25199GJ1986PLC009071. Listed on BSE: 540904.

Tirupati Foam reported revenue of ₹95.01 Cr for FY 2025-26 (down 10.4% YoY) based on standalone financials.

The latest financial statements of Tirupati Foam on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Tirupati Foam is 24AAACT5741N1Z4, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AAACT5741N1ZW (Uttar Pradesh).

The CIN (Corporate Identification Number) of Tirupati Foam is L25199GJ1986PLC009071. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Tirupati Foam is a listed company as per MCA records. Its shares are listed on BSE (code: 540904).

Tirupati Foam has 87 court cases on record: 77 filed by the company and 10 filed against it. 22 are pending. Most are in the district courts.

Tirupati Foam was incorporated on 14 October 1986, making it 40+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Tirupati Foam has 9 deals on record (6 market trades, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹3.55 Cr; the latest was in September 2019.

Manishkumar Ramanbhai Patel was appointed as Director on 31 Mar 2022. Mukeshkumar Motilal Shah was appointed as Director on 06 Oct 2021. Pareshbhai Devendrababu Kothari was appointed as Director on 13 Aug 2021. Tirupati Foam has 20 board changes on record in total.