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Shriram Pistons & Rings Ltd

₹ 2,6290.72%
04 Dec 11:21 a.m. – close price
🔗shrirampistons.com•BSE: 544344•NSE: SHRIPISTON
Market Cap₹ 11,580 Cr.
Current Price₹ 2,629
High / Low₹ 2,790
Stock P/E22.2
Book Value₹ 601
Dividend Yield0.38 %
ROCE27.0 %
ROE22.7 %
Face Value₹ 10.0
Sales₹ 3,333 Cr.
OPM21.4 %
Mar Cap₹ 11,580 Cr.

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 OverviewThe company is aleading Indian manufacturerof pistons, piston pins, piston rings, and engine valves. It supplies to top OEMs and aftermarket clients in India and overseas under theSPRandUSHAbrands.[1]GRevenue MixOriginal Equipment Manufacturers (OEMs):52% in FY25 vs 51% in FY23Aftermarket:26% in FY25 vs 26% in FY23Exports:17% in FY25 vs 20% in FY23Non-Automotive Applications:5% in FY25 vs 3% in FY23[1][2]

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Samvardh. Mothe.117.4537.08123961.930.49845.63-3.2530172.978.4913.66117367.728.863348.88851.183.324.600.53
2.Bosch37079.9548.17109362.251.40554.2010.824794.809.1121.1118959.7013.112271.53554.207.7710.700.01
3.Uno Minda1270.4567.0173301.150.18322.7927.144814.0313.4118.8318015.4311.541093.46303.9911.789.360.46
4.Bharat Forge1414.0562.5567604.120.61299.2822.834031.939.3112.1815268.8317.661080.93299.207.214.720.71
5.Schaeffler India3901.6054.5760983.440.72306.6524.082360.1413.8625.678834.5718.981117.62306.6511.0614.850.01
6.Tube Investments2712.3083.7452485.420.13302.05-9.735522.6412.1521.8020793.889.22626.78186.666.997.330.09
7.Endurance Tech.2650.9042.6837288.280.37227.2711.973582.8223.0117.2612724.3613.48873.65227.275.999.210.20
8.Shriram Pistons2628.8022.1611579.810.38133.907.46873.009.9526.983332.9621.36522.55133.904.3815.810.15
–Median: 127 Co.431.031.441124.570.3711.3910.82211.5411.1114.51824.1212.0638.0610.633.066.40.4

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
636708770714761836697781855652750794873
Expenses
518553607566605660559612665537592627690
Operating Profit
118155163147156176137169190115159167183
Other Income
11192618242716222412232925
Profit before tax
10114516213915317412516218698154167180
Tax %
25%25%25%25%25%26%26%25%25%25%25%26%26%
Net Profit
751081201031141309312113873115125134
EPS in Rs
17.1324.5527.3223.5025.9529.4721.0427.3731.4416.5926.0328.2930.40

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
1,1701,2441,3931,4631,7291,9551,6071,5972,0652,6052,9543,1803,333
Expenses
9401,0541,1601,2071,4361,6601,4251,3811,7602,1422,3232,5032,621
Operating Profit
229190233255293295182216304463630676712
Other Income
1017172624222019294681103101
Interest
38322620161412131119252524
Depreciation
101969390909410310310293878788
Profit before tax
1017913117121120986120220397599668701
Net Profit
7057921181391387389164296447498523
EPS in Rs
15.5812.8220.5026.4231.0730.9716.3419.8537.1767.17101.42113.01118.63
Dividend Payout %
11%14%10%13%16%16%18%15%13%11%10%9%–

Compounded Profit Growth

10 Years:24%
5 Years:47%
3 Years:45%
TTM:12%

Compounded Sales Growth

10 Years:10%
5 Years:15%
3 Years:15%
TTM:9%

Return on Equity

10 Years:17%
5 Years:19%
3 Years:23%
Last Year:23%

Stock Price CAGR

10 Years:%
5 Years:52%
3 Years:75%
1 Year:22%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
22222222222222222222444444
Reserves
5385856737728911,0041,0481,1261,2331,5081,9062,3652,603
Borrowings
38131028922617997135146157319368381397
Other Liabilities
253272308334398445352409438486554597597
Total Liabilities
1,1941,1891,2921,3541,4911,5681,5581,7041,8502,3352,8723,3873,641
Fixed Assets
713667597577555613741703689627607603589
Gross Block
1,321.961,365.85680.55741.28807.46953.961,181.151,242.711,326.591,342.061,402.101,473.00–
Accumulated Depreciation
609.35699.1484.03164.53252.07341.27439.75540.14637.56715.49794.66869.94–
CWIP
9469111719865966
Investments
00188206613432192395613830
Other Assets
4725186727609049347379591,1241,5121,8602,1652,217
Total Assets
1,1941,1891,2921,3541,4911,5681,5581,7041,8502,3352,8723,3873,641

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
180129255183175157297190219399474419
Cash from Investing Activity
-65-45-67-55-65-157-214-10-56-487-460-365
Cash from Financing Activity
-101-111-113-89-88-61-111-28-9197-12-57
Net Cash Flow
14-27753921-62-2815272102-3

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
566358596866547463555559
Inventory Days
197196175213190184182175155111112122
Days Payable
14912915718517814414418414297103107
Cash Conversion Cycle
104130758780107926575696374
Working Capital Days
334436384164444444271926
ROCE %
15%12%16%19%21%20%8%11%17%25%30%27%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
46.75%46.75%46.75%46.75%46.75%46.75%46.75%43.75%43.75%43.75%43.75%43.75%
FIIs
0.00%0.00%0.03%0.08%1.07%1.35%1.99%4.27%4.50%5.30%5.88%5.99%
DIIs
10.11%10.05%9.59%9.29%13.07%12.55%11.80%12.74%13.06%13.15%13.34%13.23%
Public
43.14%43.20%43.63%43.88%39.11%39.35%39.46%39.24%38.69%37.78%37.02%37.01%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

SSL Research Morning Update: Key Stock Actions, IPO Subscriptions, and Market Trends for December 5, 2025

5th December 2025, 12:00 AM

Shriram Pistons & Rings Announces Acquisition of Grupo Antolin India Businesses for Euro 159 Million

5th December 2025, 7:54 AM

Shriram Pistons & Rings Reports Strong Q2 FY26 Results; Focus on Diversification, EV Components, and M&A

12th November 2025, 5:07 PM

Shriram Pistons & Rings Ltd. Intimates on Re-lodgement of Physical Share Transfer Requests as per SEBI Norms

11th November 2025, 3:33 PM

Shriram Pistons & Rings Limited: Earnings Conference Call Audio Recording Available

7th November 2025, 6:20 PM

Published by Other Websites

External media mentions & references

Shriram Pistons share price rises 6% on acquisition update; detail here

5th December 2025, 4:42 AM

Shriram Pistons shares jump 5% after acquiring three companies for ₹1,670 crore

5th December 2025, 4:04 AM

Infosys, M&M, Anant Raj, IDBI Bank, Shriram Pistons: 5 safe stocks by Avinash Gorakshakar

29th November 2025, 7:53 AM

Stocks To Buy Tomorrow: BEL, NTPC, Yes Bank, Vodafone Idea, Vedanta, Suzlon, Canara Bank

25th November 2025, 12:37 PM

News Articles

Editorial & research coverage

Shriram Pistons share price rises 6% on acquisition update; detail here
Shriram Pistons share price rises 6% on acquisition update; detail here

5th December 2025, 4:42 AM

Shriram Pistons shares jump 5% after acquiring three companies for ₹1,670 crore
Shriram Pistons shares jump 5% after acquiring three companies for ₹1,670 crore

5th December 2025, 4:04 AM

Stocks To Buy Tomorrow: BEL, NTPC, Yes Bank, Vodafone Idea, Vedanta, Suzlon, Canara Bank

25th November 2025, 12:37 PM

Documents

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

12 Nov - Transcript of Q2/H1 FY26 earnings call (Nov 7, 2025); H1 income +14.9%, Q2 EBITDA margin 22.4%.

Intimation Regarding Report Received From Registrar And Share Transfer Agent On Re-Lodgement Of Transfer Requests Of Physical Shares

11 Nov - Registrar's report on re-lodgement of physical share transfer requests (07.10.2025–06.11.2025).

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

7 Nov - Earnings call audio posted on company website for November 7, 2025; no UPSI shared.

Announcement under Regulation 30 (LODR)-Newspaper Publication

6 Nov - Resubmission of Newspaper Publication of Un-audited Financial Results for the Quarter and Half Year Ended 30.09.2025

Announcement under Regulation 30 (LODR)-Newspaper Publication

5 Nov - Newspaper publication of Un-audited Financial Results for the quarter and half year ended September 30, 2025

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from nse)

Financial Year 2023

(from nse)

Financial Year 2022

(from nse)

Financial Year 2021

(from nse)

Financial Year 2020

(from nse)

Financial Year 2019

(from nse)

Financial Year 2018

(from nse)

Financial Year 2017

(from nse)

Financial Year 2016

(from nse)

Credit Ratings

Rating update

18 Mar from fitch

Rating update

19 Mar 2024 from fitch

Rating update

20 Sep 2023 from fitch

Rating update

21 Sep 2022 from fitch

Rating update

13 Jul 2022 from fitch

Rating update

16 Jul 2021 from fitch

Concalls

Nov 2025

TranscriptPPT

Aug 2025

TranscriptPPT

May 2025

TranscriptPPTRecording

Mar 2025

TranscriptRecording

Dec 2024

TranscriptRecording

Nov 2024

TranscriptPPT

Oct 2024

PPT

Aug 2024

TranscriptPPT

May 2024

TranscriptPPT

Apr 2024

TranscriptRecording

Apr 2024

TranscriptPPT