Shriram Pistons & Rings Ltd

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

Shriram Pistons & Rings Ltd

₹ 3,317 0.51%
27 May 11:53 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 ₹ 14,613 Cr.
  • Current Price ₹ 3,317
  • High / Low ₹ 3,767 / 2,275
  • Stock P/E 27.5
  • Book Value ₹ 654
  • Dividend Yield 0.30 %
  • ROCE 20.4 %
  • ROE 20.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 43.3% 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

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

Part of BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
697 714 750 708 781 761 794 770 855 836 873 865 953
559 566 592 553 612 605 627 607 665 660 690 687 746
Operating Profit 137 147 159 155 169 156 167 163 190 176 183 178 207
OPM % 20% 21% 21% 22% 22% 21% 21% 21% 22% 21% 21% 21% 22%
16 18 23 19 22 24 29 26 24 27 25 7 17
Interest 6 6 7 6 6 6 7 6 6 6 6 9 28
Depreciation 22 21 21 23 22 21 22 22 22 22 22 23 22
Profit before tax 125 139 154 145 162 153 167 162 186 174 180 154 174
Tax % 26% 25% 25% 25% 25% 25% 26% 26% 25% 26% 26% 25% 22%
93 103 115 108 121 114 125 120 138 130 134 115 135
EPS in Rs 21.04 23.50 26.03 24.55 27.37 25.95 28.29 27.31 31.44 29.47 30.40 26.08 30.67
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,244 1,393 1,463 1,729 1,955 1,607 1,597 2,065 2,605 2,954 3,180 3,527
1,054 1,160 1,207 1,436 1,660 1,425 1,381 1,760 2,142 2,323 2,503 2,782
Operating Profit 190 233 255 293 295 182 216 304 463 630 676 744
OPM % 15% 17% 17% 17% 15% 11% 14% 15% 18% 21% 21% 21%
17 17 26 24 22 20 19 29 46 81 103 76
Interest 32 26 20 16 14 12 13 11 19 25 25 50
Depreciation 96 93 90 90 94 103 103 102 93 87 87 89
Profit before tax 79 131 171 211 209 86 120 220 397 599 668 682
Tax % 28% 30% 31% 34% 34% 15% 26% 26% 26% 25% 25% 25%
57 92 118 139 138 73 89 164 296 447 498 514
EPS in Rs 12.82 20.50 26.42 31.07 30.97 16.34 19.85 37.17 67.17 101.42 113.01 116.62
Dividend Payout % 14% 10% 13% 16% 16% 18% 15% 13% 11% 10% 9% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 17%
3 Years: 11%
TTM: 11%
Compounded Profit Growth
10 Years: 19%
5 Years: 43%
3 Years: 22%
TTM: 7%
Stock Price CAGR
10 Years: %
5 Years: 53%
3 Years: 61%
1 Year: 37%
Return on Equity
10 Years: 18%
5 Years: 21%
3 Years: 22%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 22 22 22 22 22 22 22 22 22 44 44 44
Reserves 585 673 772 891 1,004 1,048 1,126 1,233 1,508 1,906 2,365 2,838
310 289 226 179 97 135 146 157 319 368 381 1,732
272 308 334 398 445 352 409 438 486 554 597 613
Total Liabilities 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,335 2,872 3,387 5,227
667 597 577 555 613 741 703 689 627 607 603 612
CWIP 4 6 9 11 17 19 8 6 5 9 6 18
Investments 0 18 8 20 6 61 34 32 192 395 613 2,423
518 672 760 904 934 737 959 1,124 1,512 1,860 2,165 2,174
Total Assets 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,335 2,872 3,387 5,227

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
129 255 183 175 157 297 190 219 399 474 419 534
-45 -67 -55 -65 -157 -214 -10 -56 -487 -460 -365 -1,778
-111 -113 -89 -88 -61 -111 -28 -91 97 -12 -57 1,229
Net Cash Flow -27 75 39 21 -62 -28 152 72 10 2 -3 -15
Free Cash Flow 85 205 108 104 -18 126 145 158 369 394 351 421
CFO/OP 81% 128% 92% 84% 76% 182% 99% 91% 109% 99% 87% 94%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 63 58 59 68 66 54 74 63 55 55 59 59
Inventory Days 196 175 213 190 184 182 175 155 111 112 122 113
Days Payable 129 157 185 178 144 144 184 142 97 103 107 96
Cash Conversion Cycle 130 75 87 80 107 92 65 75 69 63 74 75
Working Capital Days 44 36 38 41 64 44 44 44 27 19 26 4
ROCE % 12% 16% 19% 21% 20% 8% 11% 17% 25% 30% 27% 20%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Installed Capacity - Engine Valves
Million Nos.

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Installed Capacity - Piston Rings
Million Nos.
Installed Capacity - Pistons
Million Nos.
Production Volume - Engine Valves
Million Nos.
Production Volume - Piston Rings
Million Nos.
Production Volume - Pistons
Million Nos.
Consolidated Revenue Mix - Aftermarket
%
Consolidated Revenue Mix - Exports
%
Consolidated Revenue Mix - OEM
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
46.75% 46.75% 46.75% 46.75% 46.75% 43.75% 43.75% 43.75% 43.75% 43.75% 43.75% 43.75%
0.03% 0.08% 1.07% 1.35% 1.99% 4.27% 4.50% 5.30% 5.88% 5.99% 6.62% 7.65%
9.59% 9.29% 13.07% 12.55% 11.80% 12.74% 13.06% 13.15% 13.34% 13.23% 13.14% 12.89%
43.63% 43.88% 39.11% 39.35% 39.46% 39.24% 38.69% 37.78% 37.02% 37.01% 36.48% 35.71%
No. of Shareholders 4,6728,21822,62736,29240,41947,01346,34843,80846,03951,29049,22649,520

* 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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Documents

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