SPR Auto Technologies Ltd
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]
- Market Cap ₹ 18,455 Cr.
- Current Price ₹ 4,190
- High / Low ₹ 4,422 / 2,300
- Stock P/E 32.6
- Book Value ₹ 659
- 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
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,244 | 1,393 | 1,463 | 1,729 | 1,955 | 1,607 | 1,597 | 2,065 | 2,609 | 3,089 | 3,550 | 4,459 | |
| 1,054 | 1,161 | 1,207 | 1,436 | 1,660 | 1,425 | 1,381 | 1,760 | 2,149 | 2,447 | 2,826 | 3,583 | |
| Operating Profit | 190 | 232 | 255 | 293 | 295 | 182 | 216 | 304 | 460 | 642 | 724 | 876 |
| OPM % | 15% | 17% | 17% | 17% | 15% | 11% | 14% | 15% | 18% | 21% | 20% | 20% |
| 17 | 18 | 26 | 24 | 22 | 20 | 19 | 29 | 47 | 85 | 111 | 85 | |
| Interest | 32 | 26 | 20 | 16 | 14 | 12 | 13 | 11 | 19 | 30 | 34 | 62 |
| Depreciation | 96 | 93 | 90 | 90 | 94 | 103 | 103 | 102 | 95 | 108 | 120 | 149 |
| Profit before tax | 79 | 131 | 171 | 211 | 209 | 86 | 120 | 220 | 393 | 589 | 682 | 751 |
| 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 | |
| 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 |
| 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: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 45% |
| 3 Years: | 25% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 55% |
| 3 Years: | 53% |
| 1 Year: | 74% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1,505 | 1,882 | 2,350 | 2,857 |
| 310 | 289 | 226 | 179 | 97 | 135 | 146 | 157 | 333 | 487 | 508 | 1,968 | |
| 272 | 308 | 334 | 398 | 445 | 352 | 409 | 438 | 512 | 723 | 821 | 1,273 | |
| 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 |
| 667 | 597 | 577 | 555 | 613 | 741 | 703 | 689 | 733 | 934 | 1,203 | 2,976 | |
| CWIP | 4 | 6 | 9 | 11 | 17 | 19 | 8 | 6 | 5 | 31 | 58 | 96 |
| Investments | 0 | 18 | 8 | 20 | 6 | 61 | 34 | 32 | 72 | 115 | 36 | 135 |
| 518 | 672 | 760 | 904 | 934 | 737 | 959 | 1,124 | 1,563 | 2,056 | 2,425 | 2,935 | |
| 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 |
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/OP | 81% | 128% | 92% | 84% | 76% | 182% | 99% | 91% | 108% | 100% | 83% | 91% |
Ratios
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
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| Capacity Utilization % |
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| Core Business Market Share in Domestic OEM (Pistons / Piston Assembly / Engine Valves) % |
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| EMFI Market Share in 2W EV Motors & Controllers % |
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Extracted by Screener AI
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Jul
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4 Jul - Newspaper Advertisement confirming dispatch of Annual Report for FY 2025-26 and 62nd AGM Notice
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Letter To Shareholders/ Debenture Holders Of The Company
3 Jul - 62nd AGM on July 27, 2026; annual report and notice shared with e-voting schedule.
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Business Responsibility and Sustainability Reporting (BRSR)
3 Jul - Submitted BRSR for FY 2025-26 on July 3, 2026.
- Notice Of The 62Nd Annual General Meeting (AGM) Of SPR Auto Technologies Limited 3 Jul
Annual reports
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Financial Year 2026
from bse
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Financial Year 2025
from bse
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Financial Year 2024
from nse
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Financial Year 2023
from nse
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Financial Year 2022
from nse
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Financial Year 2021
from nse
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Financial Year 2020
from nse
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Financial Year 2019
from nse
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Financial Year 2018
from nse
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Financial Year 2017
from nse
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Financial Year 2016
from nse
Concalls
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Jun 2026TranscriptAI SummaryPPT
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Mar 2025TranscriptPPTREC
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Dec 2024TranscriptPPTREC
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Nov 2024Transcript PPT
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Oct 2024TranscriptAI SummaryPPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Apr 2024TranscriptPPTREC
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Apr 2024Transcript PPT
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.