- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0022350

About Tirupati Sarjan Limited
Data last updated:
Tirupati Sarjan Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 04 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L45100GJ1995PLC024091. Its GSTIN is 08AAACT7015M1Z5 (Rajasthan). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 531814.
The company has an authorised share capital of ₹17 Cr and a paid-up capital of ₹16.5 Cr. It was formerly known as Tirupati Housing and Finance Limited. It is led by directors including Jitendrakumar Ishvarlal Patel (Managing Director) and Ruchir Rushikeshbhai Patel (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at A – 11 12 13 Satyamev Complex Opp. Gujarat High Court S.G. Highway, Ahmedabad, Gujarat, India – 380060.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹217.73 Cr, a decline of 1.8% compared to the previous year. For the same year it recorded a net profit of ₹4.74 Cr (net margin 2.2%) and EBITDA of ₹10.12 Cr (EBITDA margin 4.6%). The net worth stands at ₹93.97 Cr (up 5.3% YoY). Total assets are valued at ₹144.33 Cr (down 0.9% YoY).
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Tirupati Sarjan. As per MCA filings, the company has open charges of ₹69.65 Cr and satisfied charges of ₹91.34 Cr on record. Court records list 23 cases involving the company, including 5 filed by the company and 18 filed against it; 1 case is pending. The company has 9 deals on record (9 market trades); the latest was in March 2023. The company has 14 MSME Form 1 returns on record between 2017 and 2024, listing 71 overdue payments to 12 micro and small suppliers.
Tirupati Sarjan Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0022350). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tirupatisarjan.com.
Company details
CIN history
Tirupati Sarjan has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45100GJ1995PLC024091, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45100GJ1995PLC024091 | Current |
| L65910GJ1995PLC024091 | Previous |
| U65910GJ1995PLC024091 | Previous |
Recognitions & Rankings of Tirupati Sarjan
Contact details
Tirupati Sarjan Limited's registered office is in Ahmedabad, Gujarat. Its website is tirupatisarjan.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 11 12 13 Satyamev Complex Opp. Gujarat High Court S.G. Highway, Ahmedabad, Gujarat, India – 380060
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Tirupati Sarjan Limited, buy the company report.
- 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
Brands
Tirupati Sarjan operates one associated brand: Tirupati Sarjan. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential and commercial properties are designed and developed. | tirupatisarjan.com |
Business activity
The main business activity of Tirupati Sarjan is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Tirupati Sarjan Limited, buy the company report.
Financials of Tirupati Sarjan Limited
FY 2025-26 filings availableTirupati Sarjan Limited reported revenue of ₹217.73 Cr (down 1.8% YoY) for FY 2025-26.
Financial Highlights
FY 2019-20 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 124 | 150 | 173 | 146 | 136 | 176 | 138 |
| Revenue growth | -17.9% | -13.1% | +18.8% | +7.5% | -23.0% | +27.8% | - |
| EBITDA | 16.79 | 18.63 | 9.01 | 8.66 | (1.96) | 23.89 | 19.01 |
| EBITDA margin | +13.6% | +12.4% | +5.2% | +5.9% | -1.5% | +13.6% | +13.8% |
| Profit before tax | 5.20 | 6.23 | 3.32 | (0.87) | (10.82) | 14.90 | 12.50 |
| Net profit | 3.47 | 4.44 | 2.14 | (0.77) | (7.09) | 10.18 | 9.22 |
| Net profit margin | +2.8% | +3.0% | +1.2% | -0.5% | -5.2% | +5.8% | +6.7% |
| EPS (₹) | 1.04 | 1.33 | 0.64 | 0.00 | 0.00 | 3.77 | 3.64 |
| Balance sheet | |||||||
| Total assets | 176 | 169 | 140 | 127 | 146 | 155 | 141 |
| Net worth | 53.64 | 50.20 | 47.65 | 45.52 | 41.78 | 48.90 | 35.49 |
| Total debt | 115 | 106 | 78.48 | 75.61 | 101 | 106 | 100 |
| Cash & bank | 9.88 | 5.36 | 4.02 | 0.99 | 21.51 | 32.73 | 14.87 |
| Net working capital | 114 | 105 | 93.53 | 85.21 | 129 | 141 | 123 |
| Cash flow | |||||||
| Cash from operations | 10.54 | 1.38 | (21.14) | 6.46 | (0.93) | 10.07 | (9.72) |
| Cash from investing | 3.32 | (14.12) | 2.66 | 0.47 | 3.01 | 3.07 | (1.29) |
| Cash from financing | (9.34) | 14.08 | 18.73 | (4.99) | (12.93) | (4.52) | 10.73 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 218 | 222 | 194 | 157 | 91.23 | 66.01 | 120 |
| Revenue growth | -1.8% | +14.4% | +23.4% | +72.2% | +38.2% | -44.8% | - |
| EBITDA | 10.12 | 12.26 | 12.67 | 11.60 | 10.47 | 9.81 | 11.46 |
| EBITDA margin | +4.7% | +5.5% | +6.5% | +7.4% | +11.5% | +14.9% | +9.6% |
| Profit before tax | 6.60 | 7.44 | 6.06 | 4.16 | 2.32 | 1.70 | 4.61 |
| Net profit | 4.74 | 5.15 | 3.96 | 3.05 | 1.70 | 1.21 | 3.06 |
| Net profit margin | +2.2% | +2.3% | +2.0% | +1.9% | +1.9% | +1.8% | +2.6% |
| EPS (₹) | 1.44 | 1.56 | 1.20 | 0.92 | 0.51 | 0.34 | 0.92 |
| Balance sheet | |||||||
| Total assets | 144 | 146 | 155 | 140 | 130 | 134 | 126 |
| Net worth | 93.97 | 89.23 | 84.08 | 80.13 | 77.11 | 75.10 | 73.96 |
| Total debt | 40.40 | 47.31 | 59.95 | 56.17 | 50.25 | 56.63 | 48.95 |
| Cash & bank | 4.17 | 4.33 | 2.94 | 2.47 | 1.78 | 6.62 | 8.24 |
| Net working capital | 53.07 | 57.54 | 66.23 | 51.67 | 43.03 | 43.01 | 33.71 |
| Cash flow | |||||||
| Cash from operations | 7.51 | 16.75 | 6.26 | 7.66 | 9.98 | (2.72) | 11.79 |
| Cash from investing | 2.44 | 1.59 | (3.33) | (5.96) | (0.62) | 0.99 | (0.80) |
| Cash from financing | (10.12) | (16.96) | (2.43) | (1.01) | (14.20) | 0.08 | (7.52) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 54.06 | 32.90 | 80.06 | 69.02 | 37.83 | 30.83 | 77.90 | 53.47 |
| Revenue growth (YoY) | +42.9% | +6.7% | +2.8% | +29.1% | -22.9% | -25.2% | - | - |
| Other income | 0.10 | 0.09 | 0.94 | 0.10 | 0.36 | 0.32 | 0.48 | 0.39 |
| Total expenses | 51.38 | 29.81 | 78.03 | 65.94 | 35.35 | 28.47 | 75.18 | 49.94 |
| EBITDA | 2.68 | 3.09 | 2.03 | 3.08 | 2.48 | 2.36 | 2.72 | 3.53 |
| EBITDA margin | +5.0% | +9.5% | +2.6% | +4.5% | +6.6% | +7.7% | +3.5% | +6.6% |
| Depreciation | 0.29 | 0.29 | 0.32 | 0.36 | 0.20 | 0.26 | 0.27 | 0.24 |
| Interest | 0.92 | 1.01 | 0.98 | 0.83 | 1.21 | 0.90 | 0.83 | 1.70 |
| Profit before tax | 1.57 | 1.88 | 1.67 | 1.99 | 1.43 | 1.52 | 2.10 | 1.98 |
| Tax | 0.44 | 0.53 | 0.43 | 0.57 | 0.40 | 0.45 | 0.75 | 0.46 |
Financial Statements
| Particulars | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Revenue | 124 | 150 | 173 | 146 | 136 | 176 | 138 |
| Revenue growth | -17.9% | -13.1% | +18.8% | +7.5% | -23.0% | +27.8% | - |
| Other income | 2.45 | 1.59 | 7.74 | 4.60 | 5.45 | 3.07 | 2.79 |
| Total expenses | 107 | 132 | 164 | 137 | 138 | 152 | 119 |
| Employee cost | 4.70 | 3.68 | 4.10 | 4.31 | 3.03 | 2.47 | 1.73 |
| EBITDA | 16.79 | 18.63 | 9.01 | 8.66 | (1.96) | 23.89 | 19.01 |
| EBITDA margin | +13.6% | +12.4% | +5.2% | +5.9% | -1.5% | +13.6% | +13.8% |
| Depreciation | 0.91 | 0.79 | 0.89 | 1.03 | 0.98 | 1.21 | 0.93 |
| Interest | 13.13 | 13.20 | 12.54 | 13.10 | 13.33 | 10.85 | 8.37 |
| Profit before tax | 5.20 | 6.23 | 3.32 | (0.87) | (10.82) | 14.90 | 12.50 |
| Tax | 1.56 | 2.20 | 2.74 | 2.35 | 2.19 | 3.27 | 2.54 |
| Net profit | 3.47 | 4.44 | 2.14 | (0.77) | (7.09) | 10.18 | 9.22 |
| Net profit margin | +2.8% | +3.0% | +1.2% | -0.5% | -5.2% | +5.8% | +6.7% |
| EPS (₹) | 1.04 | 1.33 | 0.64 | 0.00 | 0.00 | 3.77 | 3.64 |
| Particulars | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 16.50 | 16.50 | 16.50 | 16.50 | 14.62 | 13.19 | 12.00 |
| Reserves & surplus | 37.14 | 33.70 | 31.15 | 29.02 | 26.10 | 33.86 | 23.49 |
| Shareholders' funds (net worth) | 53.64 | 50.20 | 47.65 | 45.52 | 41.78 | 48.90 | 35.49 |
| Minority interest | (3.64) | (2.17) | (0.62) | (2.19) | (0.95) | 2.17 | 2.77 |
| Secured loans | 24.28 | 31.28 | 69.12 | 68.81 | 75.07 | 68.92 | 59.34 |
| Unsecured loans | 90.33 | 74.22 | 9.36 | 6.80 | 25.87 | 37.36 | 41.12 |
| Total debt | 115 | 106 | 78.48 | 75.61 | 101 | 106 | 100 |
| Total liabilities | 176 | 169 | 140 | 127 | 146 | 155 | 141 |
| Assets | |||||||
| Gross block | 12.58 | 12.48 | 11.12 | 11.10 | 10.87 | 11.34 | 11.23 |
| Net block | 6.61 | 6.70 | 6.04 | 6.67 | 6.84 | 7.15 | 7.87 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 5.64 | 4.06 | 4.02 | 3.94 | 0.92 | 1.44 | 2.93 |
| Inventories | 138 | 139 | 163 | 176 | 177 | 156 | 157 |
| Sundry debtors | 26.22 | 18.24 | 16.06 | 11.22 | 18.12 | 3.57 | 3.24 |
| Cash & bank balances | 9.88 | 5.36 | 4.02 | 0.99 | 21.51 | 32.73 | 14.87 |
| Loans & advances | 2.26 | 1.77 | 12.11 | 14.49 | 14.74 | 18.48 | 24.60 |
| Total current assets | 176 | 164 | 195 | 203 | 231 | 211 | 199 |
| Total current liabilities | 62.47 | 59.42 | 102 | 118 | 102 | 70.05 | 76.58 |
| Net working capital | 114 | 105 | 93.53 | 85.21 | 129 | 141 | 123 |
| Total assets | 176 | 169 | 140 | 127 | 146 | 155 | 141 |
| Particulars | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Opening cash | 5.36 | 4.02 | 3.77 | 1.83 | 12.68 | 4.05 | 4.33 |
| Net cash from operating activities | 10.54 | 1.38 | (21.14) | 6.46 | (0.93) | 10.07 | (9.72) |
| Net cash from investing activities | 3.32 | (14.12) | 2.66 | 0.47 | 3.01 | 3.07 | (1.29) |
| Net cash from financing activities | (9.34) | 14.08 | 18.73 | (4.99) | (12.93) | (4.52) | 10.73 |
| Net change in cash | 4.52 | 1.34 | 0.25 | 1.94 | (10.85) | 8.62 | (0.28) |
| Closing cash | 9.88 | 5.36 | 4.02 | 0.99 | 21.51 | 32.73 | 14.87 |
| Particulars | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -17.9% | -13.1% | +18.8% | +7.5% | -23.0% | +27.8% | - |
| EBITDA growth | -9.9% | +106.8% | +4.0% | +541.8% | -108.2% | +25.7% | - |
| PBT growth | -16.5% | +87.7% | +9998.0% | +92.0% | - | +19.2% | +155.6% |
| Net income growth | -21.9% | +107.5% | +377.9% | +89.1% | -169.7% | +10.4% | - |
| Revenue CAGR (3Y) | -5.4% | +3.5% | -0.6% | +1.9% | +9.5% | - | - |
| EBITDA CAGR (3Y) | +24.7% | - | -27.8% | -23.1% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +3.0% | +2.7% | +0.3% | -2.2% | -9.6% | +6.6% | +7.2% |
| Return on capital employed | +10.4% | +12.5% | +11.8% | +9.1% | +1.7% | +17.7% | +16.7% |
| Return on net worth | +7.0% | +8.2% | +1.2% | -8.3% | -28.7% | +27.6% | +32.0% |
| Debt / equity | 2.12 | 1.88 | 1.65 | 2.02 | 2.29 | 2.45 | 2.92 |
| Long-term debt / equity | 1.60 | 1.21 | 0.88 | 1.28 | 1.67 | 1.83 | 2.08 |
| Interest cover | 82.68 | 73.99 | 154.43 | 171.69 | -453.40 | 47.84 | 46.29 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 9.86 | 12.75 | 15.58 | 13.27 | 12.21 | 15.61 | 12.26 |
| Inventory turnover | 0.89 | 1.00 | 1.02 | 0.83 | 0.82 | 1.13 | 0.99 |
| Debtors turnover | 5.56 | 8.77 | 12.69 | 9.93 | 12.50 | 51.73 | 37.00 |
| EPS (₹) | 1.04 | 1.33 | 0.64 | 0.00 | 0.00 | 3.77 | 3.64 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.30 | 0.30 | 0.55 | 0.35 | 0.00 |
| Book value per share (₹) | 16.25 | 15.21 | 14.44 | 13.79 | 13.92 | 17.84 | 14.79 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 54.06 | 32.90 | 80.06 | 69.02 | 37.83 | 30.83 | 77.90 | 53.47 |
| Revenue growth (YoY) | +42.9% | +6.7% | +2.8% | +29.1% | -22.9% | -25.2% | - | - |
| Other income | 0.10 | 0.09 | 0.94 | 0.10 | 0.36 | 0.32 | 0.48 | 0.39 |
| Total expenses | 51.38 | 29.81 | 78.03 | 65.94 | 35.35 | 28.47 | 75.18 | 49.94 |
| EBITDA | 2.68 | 3.09 | 2.03 | 3.08 | 2.48 | 2.36 | 2.72 | 3.53 |
| EBITDA margin | +5.0% | +9.5% | +2.6% | +4.5% | +6.6% | +7.7% | +3.5% | +6.6% |
| Depreciation | 0.29 | 0.29 | 0.32 | 0.36 | 0.20 | 0.26 | 0.27 | 0.24 |
| Interest | 0.92 | 1.01 | 0.98 | 0.83 | 1.21 | 0.90 | 0.83 | 1.70 |
| Profit before tax | 1.57 | 1.88 | 1.67 | 1.99 | 1.43 | 1.52 | 2.10 | 1.98 |
| Tax | 0.44 | 0.53 | 0.43 | 0.57 | 0.40 | 0.45 | 0.75 | 0.46 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 218 | 222 | 194 | 157 | 91.23 | 66.01 | 120 |
| Revenue growth | -1.8% | +14.4% | +23.4% | +72.2% | +38.2% | -44.8% | - |
| Other income | 1.53 | 1.58 | 1.50 | 1.36 | 1.86 | 1.32 | 2.45 |
| Total expenses | 208 | 209 | 181 | 145 | 80.76 | 56.20 | 108 |
| Employee cost | 0.00 | 1.31 | 1.31 | 1.12 | 3.63 | 4.16 | 4.47 |
| EBITDA | 10.12 | 12.26 | 12.67 | 11.60 | 10.47 | 9.81 | 11.46 |
| EBITDA margin | +4.7% | +5.5% | +6.5% | +7.4% | +11.5% | +14.9% | +9.6% |
| Depreciation | 1.14 | 1.12 | 1.31 | 1.04 | 0.89 | 0.93 | 0.84 |
| Interest | 3.91 | 5.28 | 6.80 | 7.76 | 9.12 | 8.50 | 8.46 |
| Profit before tax | 6.60 | 7.44 | 6.06 | 4.16 | 2.32 | 1.70 | 4.61 |
| Tax | 1.86 | 2.29 | 2.10 | 1.13 | 0.64 | 0.55 | 1.56 |
| Net profit | 4.74 | 5.15 | 3.96 | 3.05 | 1.70 | 1.21 | 3.06 |
| Net profit margin | +2.2% | +2.3% | +2.0% | +1.9% | +1.9% | +1.8% | +2.6% |
| EPS (₹) | 1.44 | 1.56 | 1.20 | 0.92 | 0.51 | 0.34 | 0.92 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 16.50 | 16.50 | 16.50 | 16.50 | 16.50 | 16.50 | 16.50 |
| Reserves & surplus | 77.47 | 72.73 | 67.58 | 63.63 | 60.61 | 58.60 | 57.46 |
| Shareholders' funds (net worth) | 93.97 | 89.23 | 84.08 | 80.13 | 77.11 | 75.10 | 73.96 |
| Secured loans | 40.40 | 47.31 | 59.95 | 20.44 | 16.94 | 26.13 | 23.01 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 35.73 | 33.31 | 30.50 | 25.94 |
| Total debt | 40.40 | 47.31 | 59.95 | 56.17 | 50.25 | 56.63 | 48.95 |
| Total liabilities | 144 | 146 | 155 | 140 | 130 | 134 | 126 |
| Assets | |||||||
| Gross block | 18.56 | 16.82 | 16.02 | 13.97 | 9.72 | 8.38 | 9.22 |
| Net block | 9.96 | 8.73 | 8.97 | 8.23 | 4.75 | 4.16 | 4.92 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 11.12 | 13.82 | 13.88 | 11.11 | 8.92 | 8.97 | 9.05 |
| Inventories | 61.21 | 67.90 | 83.54 | 69.52 | 69.83 | 64.58 | 61.50 |
| Sundry debtors | 26.41 | 31.86 | 38.92 | 43.67 | 8.30 | 11.91 | 24.52 |
| Cash & bank balances | 4.17 | 4.33 | 2.94 | 2.47 | 1.78 | 6.62 | 8.24 |
| Loans & advances | 3.13 | 3.17 | 4.22 | 4.20 | 4.84 | 2.23 | 0.76 |
| Total current assets | 94.92 | 107 | 130 | 120 | 84.75 | 85.34 | 95.02 |
| Total current liabilities | 41.85 | 49.72 | 63.39 | 68.19 | 41.72 | 42.33 | 61.31 |
| Net working capital | 53.07 | 57.54 | 66.23 | 51.67 | 43.03 | 43.01 | 33.71 |
| Total assets | 144 | 146 | 155 | 140 | 130 | 134 | 126 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 4.33 | 2.94 | 2.44 | 1.75 | 6.59 | 8.24 | 4.77 |
| Net cash from operating activities | 7.51 | 16.75 | 6.26 | 7.66 | 9.98 | (2.72) | 11.79 |
| Net cash from investing activities | 2.44 | 1.59 | (3.33) | (5.96) | (0.62) | 0.99 | (0.80) |
| Net cash from financing activities | (10.12) | (16.96) | (2.43) | (1.01) | (14.20) | 0.08 | (7.52) |
| Net change in cash | (0.16) | 1.38 | 0.50 | 0.69 | (4.84) | (1.65) | 3.47 |
| Closing cash | 4.17 | 4.33 | 2.94 | 2.47 | 1.78 | 6.62 | 8.24 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -1.8% | +14.4% | +23.4% | +72.2% | +38.2% | -44.8% | - |
| EBITDA growth | -17.5% | -3.2% | +9.2% | +10.8% | +6.7% | -14.4% | - |
| PBT growth | -11.3% | +22.8% | +45.7% | +79.3% | +36.5% | -63.1% | -38.1% |
| Net income growth | -8.0% | +30.1% | +29.8% | +79.4% | +40.5% | -60.5% | - |
| Revenue CAGR (3Y) | +11.5% | +34.4% | +43.2% | +9.5% | -13.3% | -26.3% | -2.9% |
| EBITDA CAGR (3Y) | -3.8% | +5.4% | +8.9% | +0.4% | -10.0% | -12.7% | -2.2% |
| Profitability & leverage | |||||||
| Net income margin | +2.2% | +2.3% | +2.0% | +1.9% | +1.8% | +1.7% | +2.6% |
| Return on capital employed | +7.4% | +8.5% | +8.7% | +8.8% | +8.7% | +7.8% | +10.5% |
| Return on net worth | +5.2% | +6.0% | +4.8% | +3.8% | +2.2% | +1.5% | +4.2% |
| Debt / equity | 0.48 | 0.62 | 0.71 | 0.68 | 0.70 | 0.71 | 0.67 |
| Long-term debt / equity | 0.30 | 0.40 | 0.47 | 0.48 | 0.46 | 0.40 | 0.33 |
| Interest cover | 44.83 | 47.40 | 59.86 | 73.48 | 95.20 | 95.72 | 79.66 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 12.31 | 13.50 | 12.92 | 13.26 | 10.08 | 7.50 | 13.03 |
| Inventory turnover | 3.37 | 2.93 | 2.53 | 2.25 | 1.36 | 1.05 | 1.88 |
| Debtors turnover | 7.47 | 6.26 | 4.69 | 6.04 | 9.03 | 3.62 | 5.93 |
| EPS (₹) | 1.44 | 1.56 | 1.20 | 0.92 | 0.51 | 0.34 | 0.92 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 28.48 | 27.04 | 25.48 | 24.28 | 23.37 | 22.76 | 22.41 |
To see the full year-wise statements and ratios of Tirupati Sarjan Limited, buy the company report.
Board of directors of Tirupati Sarjan Limited
Tirupati Sarjan has 6 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ruchir Rushikeshbhai Patel Also directs: Blossom Sports and Recreation Club Ltd | Whole-Time Director | 29 Oct 2010 | 16 Years 0 Months | Current |
| Jitendrakumar Ishvarlal Patel Also directs: Arvis Agritech Private Limited | Managing Director | 29 Nov 2002 | 23 Years 11 Months | Current |
| Pratikkumar Narendrabhai Patel | Director | 01 Sep 2020 | 6 Years 2 Months | Current |
| Ankit Rajesh Shah Also directs: Suvidhi Projects LLP, Arishtanemi Infra LLP, Suvidhi Sanskruti Lifespaces LLP and 3 more | Director | 18 Oct 2019 | 7 Years 0 Months | Current |
| Jaydeep Dahyabhai Prajapati | Director | 06 Jun 2025 | 1 Years 5 Months | Current |
| Shivangi Hitendrakumar Gor | Director | 30 May 2023 | 3 Years 5 Months | Current |
Auditor
Tirupati Sarjan Limited is audited by MAAK & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAAK & Associates | FY 2023 | 135024W |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 39.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 60.20%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 39.80% | 40.00% | 40.10% | 40.10% |
| Public | 60.20% | 60.00% | 59.90% | 59.90% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Apr 2026 | 101283760 | Others | ₹11.4 Lakh | Open | |
| 31 Dec 2025 | 101213004 | Axis Bank Limited | ₹60 Lakh | Open | |
| 16 Dec 2025 | 101220331 | Axis Bank Limited | ₹1.2 Cr | Open | |
| 05 Mar 2025 | 101069262 | Others | ₹32 Lakh | Open | |
| 20 Dec 2024 | 101017402 | Others | ₹10.7 Lakh | Open |
To see the full charge records of Tirupati Sarjan Limited, buy the company report.
Total charge records: 53 View all charges
Deals & funding
Tirupati Sarjan Limited has 9 deals on record (9 market trades); the latest was in March 2023.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Market trade | ₹53.6 Lakh | Buyer: an individual Seller: an individual |
| Mar 2023 | Market trade | ₹32.6 Lakh | Buyer: an individual Seller: an individual |
| Mar 2022 | Market trade | ₹28.1 Lakh | Buyer: an individual Seller: an individual |
| Jan 2017 | Market trade | ₹38.9 Lakh | Buyer: an individual Seller: an individual |
| Mar 2011 | Market trade | ₹40.4 Lakh | Seller: M/S Foram Enterprise |
To see the full deal history of Tirupati Sarjan Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tirupati Sarjan Limited has 23 court cases on record: 5 filed by Tirupati Sarjan, 18 filed against it. 1 case is pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 17 | 1 |
| High courts | 6 | 1 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Agro Industries Corpn. Ltd. and 1 other | Disposed |
| High Court, GUJARAT | Appeal | Filed by the company against Gujarat Agro Industries Corpn. Ltd. and 1 other | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, South Goa, Goa | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Tirupati Sarjan Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Tirupati Sarjan Limited was last rated by Brickwork on 30 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 30 Sep 2021 |
To see the full credit ratings and regulatory alerts of Tirupati Sarjan Limited, buy the company report.
MSME payment delays
Tirupati Sarjan Limited has 14 MSME Form 1 returns on record between 2017 and 2024, listing 71 overdue payments to 12 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 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Adishwar Infrastructure Private Limited | |||
| Tirupati Stone Studio | |||
| an individual supplier | |||
| Saraswati Electric Company | |||
| Fuji Silvertech Concrete Private Limited |
To see the full MSME payment records of Tirupati Sarjan Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Tirupati Sarjan Limited has a workforce of 38 employees on its EPFO records as of May 2026, across 3 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 38 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Tirupati Sarjan Limited, buy the company report.
GST
Tirupati Sarjan has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAACT7015M1Z5 | Rajasthan | Active | 01 Jul 2017 |
| 26AAACT7015M1Z7 | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Tirupati Sarjan Limited, buy the company report.
Recent activity
Tirupati Sarjan Limited has 58 board changes on record since 1995: 32 appointments and 26 cessations. The latest: Jayraj Purushottamdas Mehta ceased to be Director on 29 Sep 2025.
147 earlier events are in the company report.
News
Frequently asked questions
Tirupati Sarjan is an active public limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 04 January 1995 (31+ years old) and is registered under CIN L45100GJ1995PLC024091. Listed on BSE: 531814.
Tirupati Sarjan reported revenue of ₹217.73 Cr for FY 2025-26 (down 1.8% YoY) based on standalone financials.
Tirupati Sarjan has 6 current directors:
- Jitendrakumar Ishvarlal Patel - Managing Director
- Ruchir Rushikeshbhai Patel - Whole-Time Director
- Pratikkumar Narendrabhai Patel - Director
- Ankit Rajesh Shah - Director
- Jaydeep Dahyabhai Prajapati - Director
- Shivangi Hitendrakumar Gor - Director
The latest financial statements of Tirupati Sarjan on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Tirupati Sarjan is 08AAACT7015M1Z5, registered in Rajasthan. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 26AAACT7015M1Z7 (Dadra and Nagar Haveli and Daman and Diu).
The CIN (Corporate Identification Number) of Tirupati Sarjan is L45100GJ1995PLC024091. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Tirupati Sarjan is a listed company as per MCA records. Its shares are listed on BSE (code: 531814).
Tirupati Sarjan has 23 court cases on record: 5 filed by the company and 18 filed against it. 1 is pending. Most are in the district courts.
Tirupati Sarjan was incorporated on 04 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Tirupati Sarjan has 9 deals on record (9 market trades); the latest was in March 2023.
Jayraj Purushottamdas Mehta ceased to be Director on 29 Sep 2025. Jashwantbhai Patel ceased to be Managing Director on 01 Jul 2025. Jaydeep Dahyabhai Prajapati was appointed as Director on 06 Jun 2025. Tirupati Sarjan has 58 board changes on record in total.

