New Delhi, May 19 -- Multibagger small-cap stock Tirupati Forge, with a market capitalisation of Rs.547 crore, was locked in the 5% upper circuit at Rs.43.2 apiece in Tuesday's trade on May 19, following the announcement of its March quarter performance.

Although the company posted a mixed set of numbers for both the March quarter and FY26, investor sentiment remained positive amid improving long-term growth prospects.

For Q4FY26, the company reported revenue of Rs.43.03 crore, compared to Rs.49.25 crore in Q3FY26, as its traditional business faced headwinds due to geopolitical tensions.

The net profit declined to Rs.1.52 crore from Rs.2.02 crore on a sequential basis. However, adjusted PAT stood at Rs.6.30 crore, compared to Rs.7.86 c...