Shriram Pistons & Rings Ltd
Shriram Pistons & Rings Ltd is primarily engaged in the manufacturing of pistons, piston pins, piston rings and engine valves for various automotive companies in the domestic and export markets.[1]
- Market Cap ₹ 8,801 Cr.
- Current Price ₹ 1,998
- High / Low ₹ 2,206 / 730
- Stock P/E 19.7
- Book Value ₹ 443
- Dividend Yield 0.25 %
- ROCE 30.0 %
- ROE 25.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 26.3% CAGR over last 5 years
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,052 | 1,170 | 1,244 | 1,393 | 1,463 | 1,729 | 1,955 | 1,607 | 1,597 | 2,065 | 2,605 | 2,954 | |
872 | 940 | 1,054 | 1,160 | 1,207 | 1,436 | 1,660 | 1,425 | 1,381 | 1,760 | 2,142 | 2,324 | |
Operating Profit | 180 | 229 | 190 | 233 | 255 | 293 | 295 | 182 | 216 | 304 | 463 | 630 |
OPM % | 17% | 20% | 15% | 17% | 17% | 17% | 15% | 11% | 14% | 15% | 18% | 21% |
9 | 10 | 17 | 17 | 26 | 24 | 22 | 20 | 19 | 29 | 46 | 81 | |
Interest | 32 | 38 | 32 | 26 | 20 | 16 | 14 | 12 | 13 | 11 | 19 | 25 |
Depreciation | 88 | 101 | 96 | 93 | 90 | 90 | 94 | 103 | 103 | 102 | 93 | 87 |
Profit before tax | 70 | 101 | 79 | 131 | 171 | 211 | 209 | 86 | 120 | 220 | 397 | 599 |
Tax % | 30% | 31% | 28% | 30% | 31% | 34% | 34% | 15% | 26% | 26% | 26% | 25% |
49 | 70 | 57 | 92 | 118 | 139 | 138 | 73 | 89 | 164 | 296 | 447 | |
EPS in Rs | 10.95 | 15.58 | 12.82 | 20.50 | 26.42 | 31.07 | 30.97 | 16.34 | 19.85 | 37.17 | 67.17 | 101.43 |
Dividend Payout % | 16% | 11% | 14% | 10% | 13% | 16% | 16% | 18% | 15% | 13% | 11% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 9% |
3 Years: | 23% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 26% |
3 Years: | 72% |
TTM: | 54% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 33% |
3 Years: | 73% |
1 Year: | 153% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 16% |
3 Years: | 21% |
Last Year: | 26% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 44 |
Reserves | 478 | 538 | 585 | 673 | 772 | 891 | 1,004 | 1,048 | 1,126 | 1,233 | 1,508 | 1,906 |
431 | 381 | 310 | 289 | 226 | 179 | 97 | 135 | 146 | 157 | 319 | 368 | |
248 | 253 | 272 | 308 | 334 | 398 | 445 | 352 | 409 | 438 | 486 | 554 | |
Total Liabilities | 1,179 | 1,194 | 1,189 | 1,292 | 1,354 | 1,491 | 1,568 | 1,558 | 1,704 | 1,850 | 2,335 | 2,872 |
725 | 713 | 667 | 597 | 577 | 555 | 613 | 741 | 703 | 689 | 627 | 607 | |
CWIP | 24 | 9 | 4 | 6 | 9 | 11 | 17 | 19 | 8 | 6 | 5 | 9 |
Investments | 0 | 0 | 0 | 18 | 8 | 20 | 6 | 61 | 34 | 32 | 192 | 395 |
430 | 472 | 518 | 672 | 760 | 904 | 934 | 737 | 959 | 1,124 | 1,512 | 1,860 | |
Total Assets | 1,179 | 1,194 | 1,189 | 1,292 | 1,354 | 1,491 | 1,568 | 1,558 | 1,704 | 1,850 | 2,335 | 2,872 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
153 | 180 | 129 | 255 | 183 | 175 | 157 | 297 | 190 | 219 | 399 | 474 | |
-197 | -65 | -45 | -67 | -55 | -65 | -157 | -214 | -10 | -56 | -225 | -460 | |
68 | -101 | -111 | -113 | -89 | -88 | -61 | -111 | -28 | -91 | 58 | -12 | |
Net Cash Flow | 24 | 14 | -27 | 75 | 39 | 21 | -62 | -28 | 152 | 72 | 231 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 54 | 56 | 63 | 58 | 59 | 68 | 66 | 54 | 74 | 63 | 55 | 55 |
Inventory Days | 185 | 197 | 196 | 175 | 213 | 190 | 184 | 182 | 175 | 155 | 111 | 112 |
Days Payable | 132 | 149 | 129 | 157 | 185 | 178 | 144 | 144 | 184 | 142 | 115 | 103 |
Cash Conversion Cycle | 108 | 104 | 130 | 75 | 87 | 80 | 107 | 92 | 65 | 75 | 51 | 63 |
Working Capital Days | 38 | 40 | 50 | 41 | 47 | 50 | 64 | 55 | 62 | 61 | 49 | 53 |
ROCE % | 12% | 15% | 12% | 16% | 19% | 21% | 20% | 8% | 11% | 17% | 25% |
Overview[1]
SPRL is a leading manufacturer of Pistons, Piston Pins, Piston Rings, and Engine Valves in India, and belongs to the Shriram Group. Its products are marketed to renowned OEMs and in aftermarket under the brands SPR and USHA, catering to domestic and international markets.