Shriram Pistons & Rings Ltd

Shriram Pistons Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shriram Pistons & Rings Ltd

₹ 2,533 0.67%
12 Jun 11:35 a.m.
shrirampistons.com BSE: 544344 NSE: SHRIPISTON
About

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]

Key Points

Business Overview
The company is a leading Indian manufacturer of pistons, piston pins, piston rings, and engine valves. It supplies to top OEMs and aftermarket clients in India and overseas under the SPR and USHA brands. [1]
GRevenue Mix
Original Equipment Manufacturers (OEMs): 52% in FY25 vs 51% in FY23
Aftermarket: 26% in FY25 vs 26% in FY23
Exports: 17% in FY25 vs 20% in FY23
Non-Automotive Applications: 5% in FY25 vs 3% in FY23 [1] [2]

Website BSE NSE
  • Market Cap ₹ 11,156 Cr.
  • Current Price ₹ 2,533
  • High / Low ₹ 2,648 / 1,556
  • Stock P/E 22.4
  • Book Value ₹ 547
  • Dividend Yield 0.38 %
  • ROCE 27.1 %
  • ROE 22.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 47.6% 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
587 620 652 636 697 714 750 708 781 761 794 770 855
503 526 537 518 559 566 592 553 612 605 627 607 665
Operating Profit 85 94 115 118 137 147 159 155 169 156 167 163 190
OPM % 14% 15% 18% 19% 20% 21% 21% 22% 22% 21% 21% 21% 22%
10 7 12 11 16 18 23 19 22 24 29 26 24
Interest 2 3 5 5 6 6 7 6 6 6 7 6 6
Depreciation 25 24 24 23 22 21 21 23 22 21 22 22 22
Profit before tax 68 73 98 101 125 139 154 145 162 153 167 162 186
Tax % 26% 26% 25% 25% 26% 25% 25% 25% 25% 25% 25% 25% 25%
50 55 73 75 93 103 115 108 121 114 125 120 138
EPS in Rs 11.45 12.42 16.59 17.13 21.04 23.50 26.03 24.55 27.37 25.95 28.29 27.32 31.44
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,170 1,244 1,393 1,463 1,729 1,955 1,607 1,597 2,065 2,605 2,954 3,180
940 1,054 1,160 1,207 1,436 1,660 1,425 1,381 1,760 2,142 2,323 2,503
Operating Profit 229 190 233 255 293 295 182 216 304 463 630 676
OPM % 20% 15% 17% 17% 17% 15% 11% 14% 15% 18% 21% 21%
10 17 17 26 24 22 20 19 29 46 81 103
Interest 38 32 26 20 16 14 12 13 11 19 25 25
Depreciation 101 96 93 90 90 94 103 103 102 93 87 87
Profit before tax 101 79 131 171 211 209 86 120 220 397 599 668
Tax % 31% 28% 30% 31% 34% 34% 15% 26% 26% 26% 25% 25%
70 57 92 118 139 138 73 89 164 296 447 498
EPS in Rs 15.58 12.82 20.50 26.42 31.07 30.97 16.34 19.85 37.17 67.17 101.42 113.01
Dividend Payout % 11% 14% 10% 13% 16% 16% 18% 15% 13% 11% 10% 9%
Compounded Sales Growth
10 Years: 10%
5 Years: 15%
3 Years: 15%
TTM: 8%
Compounded Profit Growth
10 Years: 24%
5 Years: 48%
3 Years: 45%
TTM: 12%
Stock Price CAGR
10 Years: %
5 Years: 54%
3 Years: 95%
1 Year: 27%
Return on Equity
10 Years: 17%
5 Years: 19%
3 Years: 23%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 22 22 22 22 22 22 22 22 22 22 44 44
Reserves 538 585 673 772 891 1,004 1,048 1,126 1,233 1,508 1,906 2,365
381 310 289 226 179 97 135 146 157 319 368 381
253 272 308 334 398 445 352 409 438 486 554 597
Total Liabilities 1,194 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,335 2,872 3,387
713 667 597 577 555 613 741 703 689 627 607 603
CWIP 9 4 6 9 11 17 19 8 6 5 9 6
Investments 0 0 18 8 20 6 61 34 32 192 395 613
472 518 672 760 904 934 737 959 1,124 1,512 1,860 2,165
Total Assets 1,194 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,335 2,872 3,387

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
180 129 255 183 175 157 297 190 219 399 474 419
-65 -45 -67 -55 -65 -157 -214 -10 -56 -487 -460 -365
-101 -111 -113 -89 -88 -61 -111 -28 -91 97 -12 -57
Net Cash Flow 14 -27 75 39 21 -62 -28 152 72 10 2 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 56 63 58 59 68 66 54 74 63 55 55 59
Inventory Days 197 196 175 213 190 184 182 175 155 111 112 122
Days Payable 149 129 157 185 178 144 144 184 142 97 103 107
Cash Conversion Cycle 104 130 75 87 80 107 92 65 75 69 63 74
Working Capital Days 40 50 41 47 50 64 55 62 61 49 49 59
ROCE % 15% 12% 16% 19% 21% 20% 8% 11% 17% 25% 30% 27%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
46.75% 46.75% 46.75% 46.75% 46.75% 46.75% 46.75% 46.75% 46.75% 43.75% 43.75% 43.75%
0.00% 0.00% 0.00% 0.00% 0.03% 0.08% 1.07% 1.35% 1.99% 4.27% 4.50% 5.30%
10.28% 10.17% 10.11% 10.05% 9.59% 9.29% 13.07% 12.55% 11.80% 12.74% 13.06% 13.15%
42.97% 43.08% 43.14% 43.20% 43.63% 43.88% 39.11% 39.35% 39.46% 39.24% 38.69% 37.78%
No. of Shareholders 2,4062,4822,6163,0434,6728,21822,62736,29240,41947,01346,34843,808

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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