Shriram Pistons & Rings Ltd

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, engine valves and piston rings.[1]

See full details
  • Market Cap 2,025 Cr.
  • Current Price 905
  • High / Low 1,114 / 515
  • Stock P/E 12.3
  • Book Value 513
  • Dividend Yield 0.66 %
  • ROCE 10.5 %
  • ROE 7.93 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of 2.77% over past five years.
  • Company has a low return on equity of 9.53% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
493 441 562 435 421 386 365 149 427 475 546 434
420 380 476 388 368 346 323 190 359 381 450 373
Operating Profit 73 61 86 47 53 41 42 -41 68 93 95 61
OPM % 15% 14% 15% 11% 13% 11% 11% -28% 16% 20% 17% 14%
Other Income 7 5 7 6 4 6 5 4 4 5 7 7
Interest 3 3 4 3 3 3 3 3 3 3 4 3
Depreciation 23 23 27 23 27 26 27 21 28 27 26 25
Profit before tax 54 39 62 27 26 17 16 -61 42 68 72 39
Tax % 35% 38% 29% 34% -16% 28% 22% 23% 21% 26% 26% 26%
Net Profit 35 24 44 18 30 12 13 -47 33 50 53 29
EPS in Rs 15.59 10.81 19.60 7.83 13.49 5.57 5.75 -21.03 14.61 22.40 23.69 12.96

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
726 833 991 1,052 1,170 1,244 1,393 1,463 1,729 1,955 1,607 1,597 1,882
558 645 794 873 940 1,054 1,161 1,207 1,436 1,660 1,425 1,381 1,564
Operating Profit 167 188 197 180 229 190 232 255 293 295 182 216 317
OPM % 23% 23% 20% 17% 20% 15% 17% 17% 17% 15% 11% 14% 17%
Other Income 9 6 10 10 10 17 18 26 24 22 20 19 23
Interest 19 18 20 32 38 32 26 20 16 14 12 13 12
Depreciation 54 59 71 88 101 96 93 90 90 94 103 103 107
Profit before tax 103 117 115 70 101 79 131 171 211 209 86 120 221
Tax % 33% 29% 27% 30% 31% 28% 30% 31% 34% 34% 15% 26%
Net Profit 69 83 84 49 70 57 92 118 139 138 73 89 165
EPS in Rs 30.80 36.96 37.50 21.88 31.13 25.62 40.95 52.78 62.07 61.88 32.64 39.66 73.66
Dividend Payout % 10% 9% 9% 16% 11% 14% 10% 13% 16% 16% 18% 15%
Compounded Sales Growth
10 Years:7%
5 Years:3%
3 Years:-3%
TTM:42%
Compounded Profit Growth
10 Years:1%
5 Years:-1%
3 Years:-14%
TTM:1848%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-9%
1 Year:65%
Return on Equity
10 Years:12%
5 Years:12%
3 Years:10%
Last Year:8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
22 22 22 22 22 22 22 22 22 22 22 22
Reserves 296 368 440 478 538 585 673 772 891 1,004 1,048 1,126
Borrowings 201 223 328 431 381 310 289 226 179 97 135 146
168 204 253 248 253 272 308 334 398 445 352 409
Total Liabilities 688 817 1,044 1,179 1,194 1,189 1,292 1,354 1,491 1,568 1,558 1,704
398 457 555 725 713 667 597 577 555 613 741 703
CWIP 22 35 74 24 9 4 6 9 11 17 19 8
Investments 0 0 0 0 0 0 18 8 20 6 61 34
268 326 416 430 472 518 672 760 904 934 737 959
Total Assets 688 817 1,044 1,179 1,194 1,189 1,292 1,354 1,491 1,568 1,558 1,704

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
149 144 129 153 180 129 255 183 175 157 297 190
-77 -133 -229 -197 -65 -45 -67 -55 -65 -157 -214 -10
-41 -7 76 68 -101 -111 -113 -89 -88 -61 -111 -28
Net Cash Flow 31 4 -24 24 14 -27 75 39 21 -62 -28 152

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 56 50 53 54 56 63 58 59 68 66 54 74
Inventory Days 166 209 236 185 197 196 175 213 190 184 182 175
Days Payable 89 64 92 132 149 129 157 185 178 144 144 184
Cash Conversion Cycle 133 196 197 108 104 130 75 87 80 107 92 65
Working Capital Days 47 52 65 63 65 77 65 65 65 74 60 62
ROCE % 25% 24% 19% 12% 15% 12% 16% 19% 21% 20% 8% 11%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents