SPR Auto Technologies Ltd

AI

SPR Auto Technologies Ltd

₹ 4,241 -3.02%
02 Nov - close price
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

Products Verticals:
a) Core / Legacy ICE Components (Stanalone):[1]
The company manufactures a wide range of pistons, piston pins, piston rings, and engine valves, incorporating advanced technologies such as thin-walled DLC coating on piston pins, crown anodizing, Nanofriks KS Lite technology, chrome plating, Tufftriding (nitrocarburizing), multiple valve head profiles, Stellite seat engine valves, and 16 groove profile piston rings.
b) High-Precision Injection Moulded Components (SPR Takahata Precision India Pvt. Ltd & SPR TGPEL Precision Engineering Ltd):[1] [2]
The co. manufactures precision injection moulded parts, including
FI components, throttle units, brake units, ECUs, airbag parts, FI connectors, door locks, steering components, speaker grills, air
vents, manifolds, electrical parts, industrial parts, and medical
parts.
c) Automotive Interior & Lighting Solutions:[3]
The company has acquired 3 entities from the Antolin Group
in Jan 2026, to manufacture headliner substrates, modular
headliners, sun visors, door panels, central floor consoles,
pillar trims, ambient lighting, etc.
d) EV Motors and Controllers (SPR EMF Innovations Pvt. Ltd):[4][5]
The company manufactures EV motors and motor controllers, including brushless DC (BLDC) motors and motor controllers with power capacities ranging from 2 kW to 250 kW.

  • Market Cap ₹ 19,675 Cr.
  • Current Price ₹ 4,241
  • High / Low ₹ 4,843 / 2,526
  • Stock P/E 32.7
  • Book Value ₹ 901
  • Dividend Yield 0.24 %
  • ROCE 20.8 %
  • ROE 21.4 %
  • Face Value ₹ 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 45.1% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -2.20%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
752 766 856 837 876 848 988 963 1,016 1,023 1,456 1,474 1,648
594 604 679 672 699 677 778 768 809 817 1,188 1,216 1,374
Operating Profit 158 161 177 165 178 170 210 195 207 206 268 258 274
OPM % 21% 21% 21% 20% 20% 20% 21% 20% 20% 20% 18% 18% 17%
23 19 24 26 30 27 27 28 26 8 23 25 26
Interest 7 8 9 9 9 8 8 9 8 12 33 34 32
Depreciation 22 29 34 30 31 31 28 32 33 33 52 53 56
Profit before tax 151 143 158 154 168 159 201 183 192 169 206 195 213
Tax % 25% 25% 26% 24% 25% 24% 25% 26% 26% 26% 23% 24% 24%
113 108 116 117 126 121 152 135 142 126 159 148 162
EPS in Rs 25.80 24.37 27.15 26.22 28.33 27.20 33.26 30.35 31.76 27.92 35.48 32.78 34.17
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
1,244 1,393 1,463 1,729 1,955 1,607 1,597 2,065 2,609 3,089 3,550 4,459 5,602
1,054 1,161 1,207 1,436 1,660 1,425 1,381 1,760 2,149 2,447 2,826 3,583 4,596
Operating Profit 190 232 255 293 295 182 216 304 460 642 724 876 1,006
OPM % 15% 17% 17% 17% 15% 11% 14% 15% 18% 21% 20% 20% 18%
17 18 26 24 22 20 19 29 47 85 111 85 82
Interest 32 26 20 16 14 12 13 11 19 30 34 62 111
Depreciation 96 93 90 90 94 103 103 102 95 108 120 149 193
Profit before tax 79 131 171 211 209 86 120 220 393 589 682 751 784
Tax % 28% 30% 31% 34% 34% 15% 26% 26% 25% 26% 24% 25%
57 92 118 139 138 73 89 164 294 439 516 561 595
EPS in Rs 12.82 20.50 26.42 31.07 30.97 16.34 19.85 37.18 66.70 100.47 115.02 125.43 130.35
Dividend Payout % 14% 10% 13% 16% 16% 18% 15% 13% 11% 10% 9% 8%
Compounded Sales Growth
10 Years: 12%
5 Years: 23%
3 Years: 20%
TTM: 47%
Compounded Profit Growth
10 Years: 20%
5 Years: 45%
3 Years: 25%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: 57%
3 Years: 62%
1 Year: 62%
Return on Equity
10 Years: 18%
5 Years: 21%
3 Years: 23%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 22 22 22 22 22 22 22 22 22 44 44 44 46
Reserves 585 673 772 891 1,004 1,048 1,126 1,233 1,505 1,882 2,350 2,857 4,132
310 289 226 179 97 135 146 157 333 487 508 1,968 1,353
272 308 334 398 445 352 409 438 512 723 821 1,273 1,304
Total Liabilities 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,373 3,136 3,723 6,142 6,836
667 597 577 555 613 741 703 689 733 934 1,203 2,976 3,018
CWIP 4 6 9 11 17 19 8 6 5 31 58 96 51
Investments 0 18 8 20 6 61 34 32 72 115 36 135 172
518 672 760 904 934 737 959 1,124 1,563 2,056 2,425 2,935 3,594
Total Assets 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,373 3,136 3,723 6,142 6,836

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
129 255 183 175 157 297 190 219 395 487 434 625
-45 -67 -55 -65 -157 -214 -10 -56 -209 -422 -385 -1,815
-111 -113 -89 -88 -61 -111 -28 -91 53 -42 -61 1,252
Net Cash Flow -27 75 39 21 -62 -28 152 72 240 23 -11 63
Free Cash Flow 85 205 111 104 -18 126 145 158 273 340 266 437
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 81% 128% 92% 84% 76% 182% 99% 91% 108% 100% 83% 91%

Ratios

Consolidated / View Standalone

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 56 60 68
Inventory Days 196 175 213 190 184 182 175 155 113 114 116 111
Days Payable 129 157 185 178 144 144 184 142 115 104 101 121
Cash Conversion Cycle 130 75 87 80 107 92 65 75 53 66 75 58
Working Capital Days 44 36 38 41 64 44 44 44 27 21 29 1
ROCE % 12% 16% 19% 21% 20% 8% 11% 17% 25% 28% 26% 21%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2024 Mar 2025 Mar 2026
Number of Manufacturing Plants (Group-wide)
count

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Permanent Employees (Standalone)
count ・Standalone data
Capacity Utilization
%
Core Business Market Share in Domestic OEM (Pistons / Piston Assembly / Engine Valves)
%
EMFI Market Share in 2W EV Motors & Controllers
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
46.75% 46.75% 46.75% 43.75% 43.75% 43.75% 43.75% 43.75% 43.75% 43.75% 43.75% 41.55%
1.07% 1.35% 1.99% 4.27% 4.50% 5.30% 5.88% 5.99% 6.62% 7.65% 8.21% 7.41%
13.07% 12.55% 11.80% 12.74% 13.06% 13.15% 13.34% 13.23% 13.14% 12.89% 12.16% 16.52%
39.11% 39.35% 39.46% 39.24% 38.69% 37.78% 37.02% 37.01% 36.48% 35.71% 35.86% 34.52%
No. of Shareholders 22,62736,29240,41947,01346,34843,80846,03951,29049,22649,52054,99860,013

* 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

Annual reports

Concalls