Shriram Pistons & Rings Ltd

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

Shriram Pistons & Rings Ltd

₹ 2,478 -0.24%
30 Jun - close price
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 ₹ 10,894 Cr.
  • Current Price ₹ 2,478
  • High / Low ₹ 2,591 / 1,556
  • Stock P/E 21.5
  • Book Value ₹ 543
  • Dividend Yield 0.40 %
  • ROCE 26.0 %
  • ROE 23.5 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 48.1% CAGR over last 5 years

Cons

  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
587 620 652 636 701 716 752 766 856 837 876 848 988
503 526 537 519 566 570 594 604 679 672 699 677 778
Operating Profit 85 94 115 117 135 146 158 161 177 165 178 171 210
OPM % 14% 15% 18% 18% 19% 20% 21% 21% 21% 20% 20% 20% 21%
10 7 12 12 16 19 23 19 24 26 30 27 27
Interest 2 3 5 5 6 6 7 8 9 9 9 8 8
Depreciation 25 24 24 23 24 23 22 29 34 30 31 31 28
Profit before tax 68 73 98 100 121 136 151 143 158 154 168 159 201
Tax % 26% 26% 25% 25% 25% 26% 25% 25% 26% 24% 25% 24% 25%
50 55 73 75 91 101 113 108 116 117 126 121 152
EPS in Rs 11.45 12.42 16.59 17.01 20.67 23.17 25.80 24.37 27.15 26.21 28.32 27.22 33.27
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 2,609 3,089 3,550
940 1,054 1,161 1,207 1,436 1,660 1,425 1,381 1,760 2,149 2,447 2,826
Operating Profit 229 190 232 255 293 295 182 216 304 460 642 724
OPM % 20% 15% 17% 17% 17% 15% 11% 14% 15% 18% 21% 20%
10 17 18 26 24 22 20 19 29 47 85 111
Interest 38 32 26 20 16 14 12 13 11 19 30 34
Depreciation 101 96 93 90 90 94 103 103 102 95 108 120
Profit before tax 101 79 131 171 211 209 86 120 220 393 589 682
Tax % 31% 28% 30% 31% 34% 34% 15% 26% 26% 25% 26% 24%
70 57 92 118 139 138 73 89 164 294 439 516
EPS in Rs 15.58 12.82 20.50 26.42 31.07 30.97 16.34 19.85 37.18 66.70 100.47 115.02
Dividend Payout % 11% 14% 10% 13% 16% 16% 18% 15% 13% 11% 10% 9%
Compounded Sales Growth
10 Years: 11%
5 Years: 17%
3 Years: 20%
TTM: 15%
Compounded Profit Growth
10 Years: 24%
5 Years: 48%
3 Years: 46%
TTM: 16%
Stock Price CAGR
10 Years: %
5 Years: 53%
3 Years: 94%
1 Year: 30%
Return on Equity
10 Years: 17%
5 Years: 20%
3 Years: 23%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,505 1,882 2,350
381 310 289 226 179 97 135 146 157 333 487 508
253 272 308 334 398 445 352 409 438 551 723 828
Total Liabilities 1,194 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,412 3,136 3,729
713 667 597 577 555 613 741 703 689 772 934 1,203
CWIP 9 4 6 9 11 17 19 8 6 5 31 58
Investments 0 0 18 8 20 6 61 34 32 72 115 36
472 518 672 760 904 934 737 959 1,124 1,563 2,056 2,432
Total Assets 1,194 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,412 3,136 3,729

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
180 129 255 183 175 157 297 190 219 395 487 434
-65 -45 -67 -55 -65 -157 -214 -10 -56 -476 -422 -385
-101 -111 -113 -89 -88 -61 -111 -28 -91 93 -42 -61
Net Cash Flow 14 -27 75 39 21 -62 -28 152 72 12 23 -11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 56 60
Inventory Days 197 196 175 213 190 184 182 175 155 113 114 116
Days Payable 149 129 157 185 178 144 144 184 142 97 104 101
Cash Conversion Cycle 104 130 75 87 80 107 92 65 75 71 66 75
Working Capital Days 40 50 41 47 50 64 55 62 61 49 51 64
ROCE % 15% 12% 16% 19% 21% 20% 8% 11% 17% 24% 28% 26%

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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