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Shriram Pistons & Rings

SHRIPISTON
Small Cap
(%) 1D
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Shriram Pistons & Rings Share price and Fundamental Analysis

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Shriram Pistons & Rings Ltd was incorporated on December 9, 1963 as Public Limited Company. India's largest exporter of pistons and rings, Shriram Pistons & Rings is situated in Ghaziabad, Uttar Pradesh. For pistons, the company has tied up with Kolbenschmidt, Germany, the sole suppliers for BMW, Mercedes Benz, Volkswagen, Ford, Volvo, Peugeot, etc. It also has a technical tie-up with Honda Foundry Company, Japan, for Honda-model pistons. Shriram has a dedicated production line for Maruti Udyog.
Company Incorporation1963
ChairmanPradeep Dinodia
Head QuartersNA
Previous NameNA

Key Metrics

Market Cap (Cr)
10,853
PE Ratio
21.42
Industry P/E
13.92
PEG Ratio
1.48
ROE
21.17%
ROCE
24.56%
ROA
13.83%
Total Debt (Cr)
380.76
Debt to Equity
0.21
Dividend Yield
0.41%
EPS
115.02
Book Value & P/B
544.69 x 4.52
Face Value
10
Outstanding Shares(Cr)
4.4
Current Ratio
3.73
EV to Sales
2.8

Included In

+More

Stock Returns

1 Week-2.4%
1 Month+32.93%
6 Months+11.28%
1 Year+23.51%
3 Years+600.22%
5 Years+690.75%

CAGR

1 Year CAGR

Revenue Growth

+18.4%

Net Profit Growth

+49.27%

Operating Profit Growth

+43.45%

Dividend Growth

-33.33%

Stock Returns CAGR

+27.94%
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Mar 25

Promoters : 43.75%

FIIs : 5.31%

DIIs : 13.15%

Public : 37.79%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in March 2025 Qtr
FII Shareholding Increased by 0.81% to 5.31% in March 2025 Qtr
DII Shareholding Increased by 4.12% to 13.15% in March 2025 Qtr

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Shriram Pistons & Rings Management and History

Company Management

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Company History

Shriram Pistons & Rings Ltd was incorporated on December 9, 1963 as Public Limited Company. India's largest exporter of pistons and rings, Shriram Pistons & Rings is situated in Ghaziabad, Uttar Pradesh. For pistons, the company has tied up with Kolbenschmidt, Germany, the sole suppliers for BMW, Mercedes Benz, Volkswagen, Ford, Volvo, Peugeot, etc. It also has a technical tie-up with Honda Foundry Company, Japan, for Honda-model pistons. Shriram has a dedicated production line for Maruti Udyog.

The Company's business activity falls under 'automotive component'. Primary products manufactured by the Company are pistons, piston pins, piston rings and engine valves. It regularly exports pistons, piston pins and rings, and engine valves to Germany, Britain, Holland, Belgium, Greece, Egypt, West Asia, central Asian Republics, South America and Australia, amongst others.

The Company deploys most modern manufacturing equipment and processes, using state-of-the-art technology. SPR has evolved into a centre of manufacturing excellence, employing over 9000 motivated and multi-skilled employees. The Company is the largest manufacturer of Pistons, Pins, Rings, and Engine Valves in India with two Manufacturing units in Ghaziabad, Uttar Pradesh and one in Pathredi (Rajasthan). Its products are marketed to almost all OEMs and Aftermarkets under the brands 'SPR' and 'USHA'.

In 1994-95, the company received the ISO 9001 certification from RW TUV, Germany, for its pistons/pins/rings division and marketing functions of the company. The company diversified into the manufacture of steel rings and Rikvent oil-control rings. It had set up manufacturing facilities for steel rings in collaboration with Riken Corporation, Japan, as also expanded its piston capacity. Steel ring plant and the expanded capacity of pistons were commissioned in 1995.

The company meets the total requirements of pistons for the Honda joint ventures in India. During 1996-97 its Piston Plant capacity was expanded by setting up an additional machining line to manufacture Gasoline pistons. Engine Valve plant capacity expansion was also implemented during the year.

During 1997-98, the company received the recognition of a Export House, also the 'Best Vendor' award from Maruti Udyog Ltd. SPRL has received QS-9000 accredition from RWTUV, Germany during 1998-99. It also received the 'ACMA Quality Award' and the 'Best Performing Supplier Award' from Tata Cummins Ltd and Certificate of Export Excellence from Engineering Export Promotion Council in the year 1999-2000.

The company introduced New models/pistons/piston rings,pins/engine valves. It has expanded the installed capacity of Piston Ring Works during 2002-03.

During year 2018-19, Shriram Automotive Products Ltd.(SAPL) was amalgamated with the Company effective on 29.03.2019. The Company implemented low cost automation, interlinking of machines, and installation of robots in Foundry operations.

During year 2019-20, the Company set up a Centre of Excellence for Surface Treatment, it identified projects for diversification of its product portfolio, for continuous growth in sales and to minimize the impact of electric mobility in some segments.

SPR Engenious Limited was formed as a wholly owned subsidiary of the Company for diversifying its product portfolio in the area related to the automotive segment on 26.9.2022. The Company through its wholly owned subsidiary SPR Engenious Ltd. acquired 51% stake in the share capital of EMF Innovations Private Limited (EMFI) in 2022.

Shriram Pistons & Rings Share Price

Shriram Pistons & Rings share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Shriram Pistons & Rings Market Cap

Market capitalization of Shriram Pistons & Rings indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Shriram Pistons & Rings is valued compared to its competitors.

Shriram Pistons & Rings PE Ratio

Shriram Pistons & Rings PE ratio helps investors understand what is the market value of each stock compared to Shriram Pistons & Rings 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Shriram Pistons & Rings PEG Ratio

The PEG ratio of Shriram Pistons & Rings evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Shriram Pistons & Rings ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Shriram Pistons & Rings generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Shriram Pistons & Rings ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Shriram Pistons & Rings in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Shriram Pistons & Rings Total Debt

Total debt of Shriram Pistons & Rings shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Shriram Pistons & Rings Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Shriram Pistons & Rings compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Shriram Pistons & Rings CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Shriram Pistons & Rings over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Shriram Pistons & Rings Technical Analysis

Technical analysis of Shriram Pistons & Rings helps investors get an insight into when they can enter or exit the stock. Key components of Shriram Pistons & Rings Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Shriram Pistons & Rings shares often struggle to rise above due to selling pressure.

Shriram Pistons & Rings Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Shriram Pistons & Rings ’s financial health and profitability.

Shriram Pistons & Rings Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Shriram Pistons & Rings Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Shriram Pistons & Rings Financials

The financials of Shriram Pistons & Rings provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Shriram Pistons & Rings Profit and Loss Statements

The profit and loss statement of Shriram Pistons & Rings highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Shriram Pistons & Rings .

Shriram Pistons & Rings Balance Sheet

The balance sheet presents a snapshot of Shriram Pistons & Rings ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Shriram Pistons & Rings Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

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