Shriram Pistons & Rings Ltd

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

Shriram Pistons & Rings Ltd

₹ 2,032 -1.09%
23 Dec - close price
Company website 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

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.

Website NSE
  • Market Cap ₹ 8,952 Cr.
  • Current Price ₹ 2,032
  • High / Low ₹ 2,399 / 1,296
  • Stock P/E 19.1
  • Book Value ₹ 492
  • Dividend Yield 0.49 %
  • ROCE 29.8 %
  • ROE 25.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 26.2% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -3.00%

* 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

Part of Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
533 511 587 620 652 636 697 714 750 708 781 761 794
446 438 503 526 537 518 559 566 592 553 612 605 627
Operating Profit 86 73 85 94 115 118 137 147 159 155 169 156 167
OPM % 16% 14% 14% 15% 18% 19% 20% 21% 21% 22% 22% 21% 21%
5 7 10 7 12 11 16 18 23 19 22 24 29
Interest 3 3 2 3 5 5 6 6 7 6 6 6 7
Depreciation 26 26 25 24 24 23 22 21 21 23 22 21 22
Profit before tax 62 51 68 73 98 101 125 139 154 145 162 153 167
Tax % 25% 26% 26% 26% 25% 25% 26% 25% 25% 25% 25% 25% 25%
47 38 50 55 73 75 93 103 115 108 121 114 125
EPS in Rs 10.44 8.53 11.45 12.42 16.59 17.13 21.04 23.50 26.03 24.55 27.37 25.95 28.29
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,052 1,170 1,244 1,393 1,463 1,729 1,955 1,607 1,597 2,065 2,605 2,954 3,045
872 940 1,054 1,160 1,207 1,436 1,660 1,425 1,381 1,760 2,142 2,323 2,398
Operating Profit 180 229 190 233 255 293 295 182 216 304 463 630 647
OPM % 17% 20% 15% 17% 17% 17% 15% 11% 14% 15% 18% 21% 21%
9 10 17 17 26 24 22 20 19 29 46 81 94
Interest 32 38 32 26 20 16 14 12 13 11 19 25 26
Depreciation 88 101 96 93 90 90 94 103 103 102 93 87 88
Profit before tax 70 101 79 131 171 211 209 86 120 220 397 599 627
Tax % 30% 31% 28% 30% 31% 34% 34% 15% 26% 26% 26% 25%
49 70 57 92 118 139 138 73 89 164 296 447 468
EPS in Rs 10.95 15.58 12.82 20.50 26.42 31.07 30.97 16.34 19.85 37.17 67.17 101.42 106.16
Dividend Payout % 16% 11% 14% 10% 13% 16% 16% 18% 15% 13% 11% 10%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 23%
TTM: 9%
Compounded Profit Growth
10 Years: 20%
5 Years: 26%
3 Years: 72%
TTM: 21%
Stock Price CAGR
10 Years: %
5 Years: 41%
3 Years: 67%
1 Year: 59%
Return on Equity
10 Years: 16%
5 Years: 16%
3 Years: 21%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 22 22 22 22 22 22 22 22 22 22 22 44 44
Reserves 478 538 585 673 772 891 1,004 1,048 1,126 1,233 1,508 1,906 2,124
431 381 310 289 226 179 97 135 146 157 319 368 386
248 253 272 308 334 398 445 352 409 438 486 554 569
Total Liabilities 1,179 1,194 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,335 2,872 3,124
725 713 667 597 577 555 613 741 703 689 627 607 599
CWIP 24 9 4 6 9 11 17 19 8 6 5 9 4
Investments 0 0 0 18 8 20 6 61 34 32 192 395 449
430 472 518 672 760 904 934 737 959 1,124 1,512 1,860 2,071
Total Assets 1,179 1,194 1,189 1,292 1,354 1,491 1,568 1,558 1,704 1,850 2,335 2,872 3,124

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
153 180 129 255 183 175 157 297 190 219 399 474
-197 -65 -45 -67 -55 -65 -157 -214 -10 -56 -487 -460
68 -101 -111 -113 -89 -88 -61 -111 -28 -91 97 -12
Net Cash Flow 24 14 -27 75 39 21 -62 -28 152 72 10 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 54 56 63 58 59 68 66 54 74 63 55 55
Inventory Days 185 197 196 175 213 190 184 182 175 155 111 112
Days Payable 132 149 129 157 185 178 144 144 184 142 97 103
Cash Conversion Cycle 108 104 130 75 87 80 107 92 65 75 69 63
Working Capital Days 38 40 50 41 47 50 64 55 62 61 49 49
ROCE % 12% 15% 12% 16% 19% 21% 20% 8% 11% 17% 25% 30%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
46.75% 46.75% 46.75% 46.75% 46.75% 46.75% 46.75% 46.75% 46.75% 46.75% 46.75% 43.75%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.08% 1.07% 1.35% 1.99% 4.27%
10.28% 10.28% 10.28% 10.17% 10.11% 10.05% 9.59% 9.29% 13.07% 12.55% 11.80% 12.74%
42.97% 42.97% 42.97% 43.08% 43.14% 43.20% 43.63% 43.88% 39.11% 39.35% 39.46% 39.24%
No. of Shareholders 2,3802,4672,4062,4822,6163,0434,6728,21822,62736,29240,41947,013

* 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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