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 ₹ 4,559 Cr.
- Current Price ₹ 1,035
- High / Low ₹ 1,566 / 466
- Stock P/E 12.0
- Book Value ₹ 394
- Dividend Yield 0.48 %
- ROCE 24.7 %
- ROE 20.8 %
- Face Value ₹ 10.0
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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 2,805 | |
794 | 873 | 940 | 1,054 | 1,161 | 1,207 | 1,436 | 1,660 | 1,425 | 1,381 | 1,760 | 2,149 | 2,249 | |
Operating Profit | 197 | 180 | 229 | 190 | 232 | 255 | 293 | 295 | 182 | 216 | 304 | 460 | 556 |
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 | 70 | |
Interest | 20 | 32 | 38 | 32 | 26 | 20 | 16 | 14 | 12 | 13 | 11 | 19 | 24 |
Depreciation | 71 | 88 | 101 | 96 | 93 | 90 | 90 | 94 | 103 | 103 | 102 | 95 | 92 |
Profit before tax | 115 | 70 | 101 | 79 | 131 | 171 | 211 | 209 | 86 | 120 | 220 | 393 | 509 |
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 | 381 | |
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 | 86.65 |
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: | 76% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 48% |
1 Year: | 109% |
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% |
Product Portfolio
The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners. [1]