Shriram Pistons & Rings Ltd
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]
- Market Cap ₹ 8,643 Cr.
- Current Price ₹ 1,962
- High / Low ₹ 2,206 / 730
- Stock P/E 20.9
- Book Value ₹ 394
- Dividend Yield 0.26 %
- ROCE 24.7 %
- ROE 20.8 %
- Face Value ₹ 10.0
Pros
Cons
* 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
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
991 | 1,052 | 1,170 | 1,244 | 1,393 | 1,463 | 1,729 | 1,955 | 1,607 | 1,597 | 2,065 | 2,609 | 2,935 | |
794 | 873 | 940 | 1,054 | 1,161 | 1,207 | 1,436 | 1,660 | 1,425 | 1,381 | 1,760 | 2,149 | 2,335 | |
Operating Profit | 197 | 180 | 229 | 190 | 232 | 255 | 293 | 295 | 182 | 216 | 304 | 460 | 600 |
OPM % | 20% | 17% | 20% | 15% | 17% | 17% | 17% | 15% | 11% | 14% | 15% | 18% | 20% |
10 | 10 | 10 | 17 | 18 | 26 | 24 | 22 | 20 | 19 | 29 | 47 | 78 | |
Interest | 20 | 32 | 38 | 32 | 26 | 20 | 16 | 14 | 12 | 13 | 11 | 19 | 27 |
Depreciation | 71 | 88 | 101 | 96 | 93 | 90 | 90 | 94 | 103 | 103 | 102 | 95 | 98 |
Profit before tax | 115 | 70 | 101 | 79 | 131 | 171 | 211 | 209 | 86 | 120 | 220 | 393 | 552 |
Tax % | 27% | 30% | 31% | 28% | 30% | 31% | 34% | 34% | 15% | 26% | 26% | 25% | |
84 | 49 | 70 | 57 | 92 | 118 | 139 | 138 | 73 | 89 | 164 | 294 | 414 | |
EPS in Rs | 18.77 | 10.95 | 15.58 | 12.82 | 20.50 | 26.42 | 31.07 | 30.97 | 16.34 | 19.85 | 37.18 | 66.70 | 94.01 |
Dividend Payout % | 9% | 16% | 11% | 14% | 10% | 13% | 16% | 16% | 18% | 15% | 13% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 9% |
3 Years: | 18% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 16% |
3 Years: | 60% |
TTM: | 63% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 30% |
3 Years: | 66% |
1 Year: | 168% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 13% |
3 Years: | 15% |
Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 44 |
Reserves | 440 | 478 | 538 | 585 | 673 | 772 | 891 | 1,004 | 1,048 | 1,126 | 1,233 | 1,505 | 1,690 |
328 | 431 | 381 | 310 | 289 | 226 | 179 | 97 | 135 | 146 | 157 | 333 | 333 | |
253 | 248 | 253 | 272 | 308 | 334 | 398 | 445 | 352 | 409 | 438 | 512 | 581 | |
Total Liabilities | 1,044 | 1,179 | 1,194 | 1,189 | 1,292 | 1,354 | 1,491 | 1,568 | 1,558 | 1,704 | 1,850 | 2,373 | 2,648 |
555 | 725 | 713 | 667 | 597 | 577 | 555 | 613 | 741 | 703 | 689 | 733 | 730 | |
CWIP | 74 | 24 | 9 | 4 | 6 | 9 | 11 | 17 | 19 | 8 | 6 | 5 | 3 |
Investments | 0 | 0 | 0 | 0 | 18 | 8 | 20 | 6 | 61 | 34 | 32 | 72 | 33 |
416 | 430 | 472 | 518 | 672 | 760 | 904 | 934 | 737 | 959 | 1,124 | 1,563 | 1,882 | |
Total Assets | 1,044 | 1,179 | 1,194 | 1,189 | 1,292 | 1,354 | 1,491 | 1,568 | 1,558 | 1,704 | 1,850 | 2,373 | 2,648 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
129 | 153 | 180 | 129 | 255 | 183 | 175 | 157 | 297 | 190 | 219 | 395 | |
-229 | -197 | -65 | -45 | -67 | -55 | -65 | -157 | -214 | -10 | -56 | -209 | |
76 | 68 | -101 | -111 | -113 | -89 | -88 | -61 | -111 | -28 | -91 | 53 | |
Net Cash Flow | -24 | 24 | 14 | -27 | 75 | 39 | 21 | -62 | -28 | 152 | 72 | 240 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 53 | 54 | 56 | 63 | 58 | 59 | 68 | 66 | 54 | 74 | 63 | 55 |
Inventory Days | 236 | 185 | 197 | 196 | 175 | 213 | 190 | 184 | 182 | 175 | 155 | 113 |
Days Payable | 92 | 132 | 149 | 129 | 157 | 185 | 178 | 144 | 144 | 184 | 142 | 115 |
Cash Conversion Cycle | 197 | 108 | 104 | 130 | 75 | 87 | 80 | 107 | 92 | 65 | 75 | 53 |
Working Capital Days | 65 | 63 | 40 | 50 | 41 | 47 | 50 | 64 | 55 | 57 | 61 | 49 |
ROCE % | 19% | 12% | 15% | 12% | 16% | 19% | 21% | 20% | 8% | 11% | 17% | 25% |
Overview[1]
SPRL is a leading manufacturer of Pistons, Piston Pins, Piston Rings, and Engine Valves in India, and belongs to the Shriram Group. Its products are marketed to renowned OEMs and in aftermarket under the brands SPR and USHA, catering to domestic and international markets.