Shriram Pistons & Rings Ltd

Shriram Pistons Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shriram Pistons & Rings Ltd

₹ 3,347 -1.29%
18 May 3:33 p.m.
shrirampistons.com BSE: 544344 NSE: SHRIPISTON
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

Business Overview
The company is a leading Indian manufacturer of pistons, piston pins, piston rings, and engine valves. It supplies to top OEMs and aftermarket clients in India and overseas under the SPR and USHA brands. [1]
GRevenue Mix
Original Equipment Manufacturers (OEMs): 52% in FY25 vs 51% in FY23
Aftermarket: 26% in FY25 vs 26% in FY23
Exports: 17% in FY25 vs 20% in FY23
Non-Automotive Applications: 5% in FY25 vs 3% in FY23 [1] [2]

Website BSE NSE
  • Market Cap ₹ 14,742 Cr.
  • Current Price ₹ 3,347
  • High / Low ₹ 3,767 / 2,275
  • Stock P/E 25.8
  • Book Value ₹ 659
  • Dividend Yield 0.30 %
  • ROCE 21.0 %
  • ROE 21.6 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 45.4% CAGR over last 5 years
  • Company's working capital requirements have reduced from 20.3 days to 10.7 days

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.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
701 716 752 766 856 837 876 848 988 963 1,016 1,023 1,456
566 570 594 604 679 672 699 677 778 768 809 817 1,188
Operating Profit 135 146 158 161 177 165 178 170 210 195 207 206 268
OPM % 19% 20% 21% 21% 21% 20% 20% 20% 21% 20% 20% 20% 18%
16 19 23 19 24 26 30 27 27 28 26 8 23
Interest 6 6 7 8 9 9 9 8 8 9 8 12 33
Depreciation 24 23 22 29 34 30 31 31 28 32 33 33 52
Profit before tax 121 136 151 143 158 154 168 159 201 183 192 169 206
Tax % 25% 26% 25% 25% 26% 24% 25% 24% 25% 26% 26% 26% 23%
91 101 113 108 116 117 126 121 152 135 142 126 159
EPS in Rs 20.67 23.17 25.80 24.37 27.15 26.22 28.33 27.20 33.26 30.35 31.76 27.92 35.48
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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 86
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 86 120 220 393 589 682 750
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% 0%
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: 26%
TTM: 14%
Stock Price CAGR
10 Years: %
5 Years: 54%
3 Years: 62%
1 Year: 44%
Return on Equity
10 Years: 18%
5 Years: 22%
3 Years: 23%
Last Year: 22%

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
272 308 334 398 445 352 409 438 551 723 821 1,283
Total Liabilities 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,412 3,136 3,723 6,153
667 597 577 555 613 741 703 689 772 934 1,203 3,021
CWIP 4 6 9 11 17 19 8 6 5 31 58 51
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 2,946
Total Assets 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,412 3,136 3,723 6,153

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 -476 -422 -385 -1,815
-111 -113 -89 -88 -61 -111 -28 -91 93 -42 -61 1,252
Net Cash Flow -27 75 39 21 -62 -28 152 72 12 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 97 104 101 121
Cash Conversion Cycle 130 75 87 80 107 92 65 75 71 66 75 58
Working Capital Days 44 36 38 41 64 44 44 44 27 21 29 11
ROCE % 12% 16% 19% 21% 20% 8% 11% 17% 24% 28% 26% 21%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Installed Capacity - Engine Valves
Million Nos. ・Standalone data

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Installed Capacity - Piston Rings
Million Nos. ・Standalone data
Installed Capacity - Pistons
Million Nos. ・Standalone data
Production Volume - Engine Valves
Million Nos. ・Standalone data
Production Volume - Piston Rings
Million Nos. ・Standalone data
Production Volume - Pistons
Million Nos. ・Standalone data
Consolidated Revenue Mix - Aftermarket
%
Consolidated Revenue Mix - Exports
%
Consolidated Revenue Mix - OEM
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
46.75% 46.75% 46.75% 46.75% 46.75% 43.75% 43.75% 43.75% 43.75% 43.75% 43.75% 43.75%
0.03% 0.08% 1.07% 1.35% 1.99% 4.27% 4.50% 5.30% 5.88% 5.99% 6.62% 7.65%
9.59% 9.29% 13.07% 12.55% 11.80% 12.74% 13.06% 13.15% 13.34% 13.23% 13.14% 12.89%
43.63% 43.88% 39.11% 39.35% 39.46% 39.24% 38.69% 37.78% 37.02% 37.01% 36.48% 35.71%
No. of Shareholders 4,6728,21822,62736,29240,41947,01346,34843,80846,03951,29049,22649,520

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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