Shriram Pistons & Rings Ltd

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

Shriram Pistons & Rings Ltd

₹ 2,048 -0.62%
24 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 ₹ 9,024 Cr.
  • Current Price ₹ 2,048
  • High / Low ₹ 2,206 / 562
  • Stock P/E 21.9
  • Book Value ₹ 394
  • Dividend Yield 0.24 %
  • ROCE 24.7 %
  • ROE 20.8 %
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
475 546 434 533 511 587 620 652 636 701 716 752 766
381 450 373 446 438 503 526 537 519 566 570 594 604
Operating Profit 93 95 61 86 73 85 94 115 117 135 146 158 161
OPM % 20% 17% 14% 16% 14% 14% 15% 18% 18% 19% 20% 21% 21%
5 7 7 5 7 10 7 12 12 16 19 23 19
Interest 3 4 3 3 3 2 3 5 5 6 6 7 8
Depreciation 27 26 25 26 26 25 24 24 23 24 23 22 29
Profit before tax 68 72 39 62 51 68 73 98 100 121 136 151 143
Tax % 26% 26% 26% 25% 26% 26% 26% 25% 25% 25% 26% 25% 25%
50 53 29 47 38 50 55 73 75 91 101 113 108
EPS in Rs 11.21 11.86 6.49 10.44 8.53 11.45 12.42 16.59 17.01 20.67 23.17 25.80 24.37
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 2,609 2,935
794 873 940 1,054 1,161 1,207 1,436 1,660 1,425 1,381 1,760 2,149 2,335
Operating Profit 197 180 229 190 232 255 293 295 182 216 304 460 600
OPM % 20% 17% 20% 15% 17% 17% 17% 15% 11% 14% 15% 18% 20%
10 10 10 17 18 26 24 22 20 19 29 47 78
Interest 20 32 38 32 26 20 16 14 12 13 11 19 27
Depreciation 71 88 101 96 93 90 90 94 103 103 102 95 98
Profit before tax 115 70 101 79 131 171 211 209 86 120 220 393 552
Tax % 27% 30% 31% 28% 30% 31% 34% 34% 15% 26% 26% 25%
84 49 70 57 92 118 139 138 73 89 164 294 414
EPS in Rs 18.77 10.95 15.58 12.82 20.50 26.42 31.07 30.97 16.34 19.85 37.18 66.70 94.01
Dividend Payout % 9% 16% 11% 14% 10% 13% 16% 16% 18% 15% 13% 11%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 18%
TTM: 18%
Compounded Profit Growth
10 Years: 20%
5 Years: 16%
3 Years: 60%
TTM: 63%
Stock Price CAGR
10 Years: %
5 Years: 32%
3 Years: 74%
1 Year: 259%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 15%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,505 1,690
328 431 381 310 289 226 179 97 135 146 157 333 333
253 248 253 272 308 334 398 445 352 409 438 512 581
Total Liabilities 1,044 1,179 1,194 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,373 2,648
555 725 713 667 597 577 555 613 741 703 689 733 730
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 72 33
416 430 472 518 672 760 904 934 737 959 1,124 1,563 1,882
Total Assets 1,044 1,179 1,194 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,373 2,648

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
129 153 180 129 255 183 175 157 297 190 219 395
-229 -197 -65 -45 -67 -55 -65 -157 -214 -10 -56 -209
76 68 -101 -111 -113 -89 -88 -61 -111 -28 -91 53
Net Cash Flow -24 24 14 -27 75 39 21 -62 -28 152 72 240

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 236 185 197 196 175 213 190 184 182 175 155 113
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 53
Working Capital Days 65 63 40 50 41 47 50 64 55 57 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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