Shriram Pistons & Rings Ltd

About

Shriram Pistons & Rings business activity falls under automotive component. Primary products manufactured by the Company are pistons, piston pins, piston rings and engine valves.(Source : 201903 Annual Report Page No: 47)

  • Market Cap 1,236 Cr.
  • Current Price 552
  • High / Low 778 / 395
  • Stock P/E 146
  • Book Value 478
  • Dividend Yield 1.09 %
  • ROCE 8.24 %
  • ROE 6.78 %
  • Face Value 10.0

Pros

  • Company is virtually debt free.
  • Stock is trading at 1.15 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor growth of 5.24% over past five years.
  • Company has a low return on equity of 12.11% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
459 493 441 562 435 421 386 365 149
385 420 380 476 388 368 346 323 190
Operating Profit 74 73 61 86 47 53 41 42 -41
OPM % 16% 15% 14% 15% 11% 13% 11% 11% -28%
Other Income 6 7 5 7 6 4 6 5 4
Interest 3 3 3 4 3 3 3 3 3
Depreciation 22 23 23 27 23 27 26 27 21
Profit before tax 54 54 39 62 27 26 17 16 -61
Tax % 34% 35% 38% 29% 34% -16% 28% 22% 23%
Net Profit 36 35 24 44 18 30 12 13 -47
EPS in Rs 15.87 15.59 10.81 19.60 7.83 13.49 5.57 5.75 -21.03
Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
582 726 833 991 1,052 1,170 1,244 1,393 1,463 1,729 1,955 1,607 1,321
476 558 645 794 872 940 1,054 1,160 1,207 1,437 1,660 1,425 1,228
Operating Profit 105 167 188 197 180 229 190 233 255 293 295 182 94
OPM % 18% 23% 23% 20% 17% 20% 15% 17% 17% 17% 15% 11% 7%
Other Income 9 9 6 10 9 10 17 17 26 25 23 20 18
Interest 20 19 18 20 32 38 32 26 20 16 14 12 13
Depreciation 49 54 59 71 88 101 96 93 90 90 94 103 101
Profit before tax 45 103 117 115 70 101 79 131 171 211 209 86 -1
Tax % 33% 33% 29% 27% 30% 31% 28% 30% 31% 34% 34% 15%
Net Profit 30 69 83 84 49 70 57 92 118 139 138 73 8
EPS in Rs 13.51 30.80 36.96 37.50 21.88 31.13 25.62 40.95 52.78 62.07 61.88 32.64 3.78
Dividend Payout % 15% 10% 9% 9% 16% 11% 14% 10% 13% 16% 16% 18%
Compounded Sales Growth
10 Years:8%
5 Years:5%
3 Years:3%
TTM:-32%
Compounded Profit Growth
10 Years:0%
5 Years:4%
3 Years:-15%
TTM:-93%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-34%
1 Year:-25%
Return on Equity
10 Years:14%
5 Years:13%
3 Years:12%
Last Year:7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
22 22 22 22 22 22 22 22 22 22 22 22
Reserves 239 296 368 440 478 538 585 673 772 891 1,004 1,048
Borrowings 214 201 223 328 431 381 310 289 226 179 97 135
151 168 204 253 248 253 272 308 334 398 445 352
Total Liabilities 627 688 817 1,044 1,179 1,194 1,189 1,292 1,354 1,491 1,568 1,558
409 398 457 555 725 713 667 597 577 555 613 741
CWIP 8 22 35 74 24 9 4 6 9 11 17 19
Investments 0 0 0 0 0 0 0 18 8 20 6 61
210 268 326 416 430 472 518 672 760 904 934 737
Total Assets 627 688 817 1,044 1,179 1,194 1,189 1,292 1,354 1,491 1,568 1,558

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
119 149 144 129 153 180 129 255 183 175 157 297
-85 -77 -133 -229 -197 -65 -45 -67 -55 -65 -157 -214
-35 -41 -7 76 68 -101 -111 -113 -89 -88 -61 -111
Net Cash Flow -0 31 4 -24 24 14 -27 75 39 21 -62 -28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 14% 25% 24% 19% 12% 15% 12% 16% 19% 21% 20% 8%
Debtor Days 63 56 50 53 54 56 63 58 59 68 66 54
Inventory Turnover 2.43 2.81 2.59 2.23 2.29 2.37 2.53 2.54 2.34 2.58 2.63 2.20

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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