Shriram Pistons & Rings 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 ₹ 2,212 Cr.
- Current Price ₹ 1,004
- High / Low ₹ 1,417 / 640
- Stock P/E 8.75
- Book Value ₹ 625
- Dividend Yield 1.00 %
- ROCE 17.0 %
- ROE 13.5 %
- Face Value ₹ 10.0
Pros
Cons
- The company has delivered a poor sales growth of 7.14% over past five years.
- Company has a low return on equity of 9.56% over last 3 years.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
833 | 991 | 1,052 | 1,170 | 1,244 | 1,393 | 1,463 | 1,729 | 1,955 | 1,607 | 1,597 | 2,065 | 2,496 | |
645 | 794 | 873 | 940 | 1,054 | 1,161 | 1,207 | 1,436 | 1,660 | 1,425 | 1,381 | 1,760 | 2,086 | |
Operating Profit | 188 | 197 | 180 | 229 | 190 | 232 | 255 | 293 | 295 | 182 | 216 | 304 | 410 |
OPM % | 23% | 20% | 17% | 20% | 15% | 17% | 17% | 17% | 15% | 11% | 14% | 15% | 16% |
6 | 10 | 10 | 10 | 17 | 18 | 26 | 24 | 22 | 20 | 19 | 29 | 41 | |
Interest | 18 | 20 | 32 | 38 | 32 | 26 | 20 | 16 | 14 | 12 | 13 | 11 | 15 |
Depreciation | 59 | 71 | 88 | 101 | 96 | 93 | 90 | 90 | 94 | 103 | 103 | 102 | 96 |
Profit before tax | 117 | 115 | 70 | 101 | 79 | 131 | 171 | 211 | 209 | 86 | 120 | 220 | 339 |
Tax % | 29% | 27% | 30% | 31% | 28% | 30% | 31% | 34% | 34% | 15% | 26% | 26% | |
Net Profit | 83 | 84 | 49 | 70 | 57 | 92 | 118 | 139 | 138 | 73 | 89 | 164 | 253 |
EPS in Rs | 36.96 | 37.50 | 21.88 | 31.13 | 25.62 | 40.95 | 52.78 | 62.07 | 61.88 | 32.64 | 39.66 | 74.27 | 114.82 |
Dividend Payout % | 9% | 9% | 16% | 11% | 14% | 10% | 13% | 16% | 16% | 18% | 15% | 13% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 2% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 7% |
3 Years: | 5% |
TTM: | 52% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -8% |
3 Years: | 32% |
1 Year: | 40% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 10% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | |
Reserves | 368 | 440 | 478 | 538 | 585 | 673 | 772 | 891 | 1,004 | 1,048 | 1,126 | 1,233 | 1,354 |
223 | 328 | 431 | 381 | 310 | 289 | 226 | 179 | 97 | 135 | 146 | 157 | 266 | |
204 | 253 | 248 | 253 | 272 | 308 | 334 | 398 | 445 | 352 | 409 | 438 | 510 | |
Total Liabilities | 817 | 1,044 | 1,179 | 1,194 | 1,189 | 1,292 | 1,354 | 1,491 | 1,568 | 1,558 | 1,704 | 1,850 | 2,153 |
457 | 555 | 725 | 713 | 667 | 597 | 577 | 555 | 613 | 741 | 703 | 689 | 671 | |
CWIP | 35 | 74 | 24 | 9 | 4 | 6 | 9 | 11 | 17 | 19 | 8 | 6 | 5 |
Investments | 0 | 0 | 0 | 0 | 0 | 18 | 8 | 20 | 6 | 61 | 34 | 32 | 20 |
326 | 416 | 430 | 472 | 518 | 672 | 760 | 904 | 934 | 737 | 959 | 1,124 | 1,457 | |
Total Assets | 817 | 1,044 | 1,179 | 1,194 | 1,189 | 1,292 | 1,354 | 1,491 | 1,568 | 1,558 | 1,704 | 1,850 | 2,153 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
144 | 129 | 153 | 180 | 129 | 255 | 183 | 175 | 157 | 297 | 190 | 219 | |
-133 | -229 | -197 | -65 | -45 | -67 | -55 | -65 | -157 | -214 | -10 | -56 | |
-7 | 76 | 68 | -101 | -111 | -113 | -89 | -88 | -61 | -111 | -28 | -91 | |
Net Cash Flow | 4 | -24 | 24 | 14 | -27 | 75 | 39 | 21 | -62 | -28 | 152 | 72 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 50 | 53 | 54 | 56 | 63 | 58 | 59 | 68 | 66 | 54 | 74 | 63 |
Inventory Days | 209 | 236 | 185 | 197 | 196 | 175 | 213 | 190 | 184 | 182 | 175 | 155 |
Days Payable | 64 | 92 | 132 | 149 | 129 | 157 | 185 | 178 | 144 | 144 | 184 | 142 |
Cash Conversion Cycle | 196 | 197 | 108 | 104 | 130 | 75 | 87 | 80 | 107 | 92 | 65 | 75 |
Working Capital Days | 52 | 65 | 63 | 40 | 50 | 41 | 47 | 50 | 64 | 55 | 62 | 61 |
ROCE % | 24% | 19% | 12% | 15% | 12% | 16% | 19% | 21% | 20% | 8% | 11% | 17% |
Documents
Announcements
- Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent March 1, 2023
- Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent March 1, 2023
- Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent March 1, 2023
- Copy of Newspaper Publication Feb. 9, 2023
- Acquisition Feb. 9, 2023
Product Portfolio
The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners. [1]