Shriram Pistons & Rings Ltd

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

Shriram Pistons & Rings Ltd

₹ 2,055 0.31%
25 Apr - close price
Company website 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

Product Portfolio
The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners. [1]

Website NSE
  • Market Cap ₹ 9,052 Cr.
  • Current Price ₹ 2,055
  • High / Low ₹ 2,206 / 564
  • Stock P/E 21.6
  • Book Value ₹ 395
  • Dividend Yield 0.24 %
  • ROCE 25.2 %
  • ROE 20.9 %
  • Face Value ₹ 10.0
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Pros

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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
475 546 434 533 511 587 620 652 636 697 714 750 708
381 450 373 446 438 503 526 537 518 559 566 592 553
Operating Profit 93 95 61 86 73 85 94 115 118 137 147 159 155
OPM % 20% 17% 14% 16% 14% 14% 15% 18% 19% 20% 21% 21% 22%
5 7 7 5 7 10 7 12 11 16 18 23 19
Interest 3 4 3 3 3 2 3 5 5 6 6 7 6
Depreciation 27 26 25 26 26 25 24 24 23 22 21 21 23
Profit before tax 68 72 39 62 51 68 73 98 101 125 139 154 145
Tax % 26% 26% 26% 25% 26% 26% 26% 25% 25% 26% 25% 25% 25%
50 53 29 47 38 50 55 73 75 93 103 115 108
EPS in Rs 11.21 11.86 6.49 10.44 8.53 11.45 12.42 16.59 17.13 21.04 23.50 26.03 24.55
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
991 1,052 1,170 1,244 1,393 1,463 1,729 1,955 1,607 1,597 2,065 2,605 2,869
794 872 940 1,054 1,160 1,207 1,436 1,660 1,425 1,381 1,760 2,142 2,271
Operating Profit 197 180 229 190 233 255 293 295 182 216 304 463 598
OPM % 20% 17% 20% 15% 17% 17% 17% 15% 11% 14% 15% 18% 21%
10 9 10 17 17 26 24 22 20 19 29 46 76
Interest 20 32 38 32 26 20 16 14 12 13 11 19 25
Depreciation 71 88 101 96 93 90 90 94 103 103 102 93 87
Profit before tax 115 70 101 79 131 171 211 209 86 120 220 397 562
Tax % 27% 30% 31% 28% 30% 31% 34% 34% 15% 26% 26% 26%
84 49 70 57 92 118 139 138 73 89 164 296 419
EPS in Rs 18.77 10.95 15.58 12.82 20.50 26.42 31.07 30.97 16.34 19.85 37.17 67.17 95.12
Dividend Payout % 9% 16% 11% 14% 10% 13% 16% 16% 18% 15% 13% 11%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 17%
TTM: 15%
Compounded Profit Growth
10 Years: 20%
5 Years: 16%
3 Years: 60%
TTM: 65%
Stock Price CAGR
10 Years: %
5 Years: 32%
3 Years: 74%
1 Year: 262%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 15%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 22 22 22 22 22 22 22 22 22 22 22 22 44
Reserves 440 478 538 585 673 772 891 1,004 1,048 1,126 1,233 1,508 1,695
328 431 381 310 289 226 179 97 135 146 157 319 320
253 248 253 272 308 334 398 445 352 409 438 486 547
Total Liabilities 1,044 1,179 1,194 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,335 2,605
555 725 713 667 597 577 555 613 741 703 689 627 616
CWIP 74 24 9 4 6 9 11 17 19 8 6 5 3
Investments 0 0 0 0 18 8 20 6 61 34 32 192 153
416 430 472 518 672 760 904 934 737 959 1,124 1,512 1,833
Total Assets 1,044 1,179 1,194 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,335 2,605

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
125 153 180 129 255 183 175 157 297 190 219 399
-230 -197 -65 -45 -67 -55 -65 -157 -214 -10 -56 -225
76 68 -101 -111 -113 -89 -88 -61 -111 -28 -91 58
Net Cash Flow -29 24 14 -27 75 39 21 -62 -28 152 72 231

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 53 54 56 63 58 59 68 66 54 74 63 55
Inventory Days 236 185 197 196 175 213 190 184 182 175 155 111
Days Payable 92 132 149 129 157 185 178 144 144 184 142 115
Cash Conversion Cycle 197 108 104 130 75 87 80 107 92 65 75 51
Working Capital Days 41 38 40 50 41 47 50 64 55 62 61 49
ROCE % 19% 12% 15% 12% 16% 19% 21% 20% 8% 11% 17% 25%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
47.31% 47.31% 46.75% 46.75% 46.75% 46.75% 46.75% 46.75% 46.75% 46.75% 46.75% 46.75%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.08% 1.07% 1.35%
10.36% 10.36% 10.28% 10.28% 10.28% 10.17% 10.11% 10.05% 9.59% 9.29% 13.07% 12.55%
42.33% 42.33% 42.97% 42.97% 42.97% 43.08% 43.14% 43.20% 43.63% 43.88% 39.11% 39.35%
No. of Shareholders 2,2252,4322,3802,4672,4062,4822,6163,0434,6728,21822,62736,292

* 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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