Auto Ancillary · Founded 1963 · www.shrirampistons.com · BSE 544344 · NSE SHRIPISTON · ISIN INE526E01018
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Business
SPR Auto Technologies Ltd. is an Indian company operating within the Auto Ancillary sector. Its core business involves manufacturing and supplying components, parts, or sub-assemblies for the automotive industry. This typically includes serving Original Equipment Manufacturers (OEMs) and/or catering to the automotive aftermarket. The company makes money through the sale of these manufactured products, contributing to the supply chain of various types of vehicles (e.g., passenger vehicles, commercial vehicles, two-wheelers).
Revenue Mix
Information regarding the specific key business segments or the precise revenue mix of SPR Auto Technologies Ltd. is not available in the provided details. In the broader auto ancillary industry, common segments often include engine components, chassis components, electrical & electronics, body & interior parts, or a split between OEM supply and aftermarket sales.
Industry
The Indian Auto Ancillary industry is a significant part of the manufacturing sector, characterized by its reliance on the health and growth of the broader automotive industry. It is competitive, with a mix of large established players, medium-sized companies, and smaller firms. The industry is evolving with increasing focus on technological advancements, quality standards, cost efficiency, and the transition towards electric vehicles (EVs). Without specific market share or product details, SPR Auto Technologies Ltd. operates within this competitive landscape, likely specializing in certain product categories or serving particular tiers of the automotive supply chain.
MOAT
Specific competitive advantages for SPR Auto Technologies Ltd. cannot be determined from the provided information. Generally, companies in the auto ancillary sector can build moats through:
Strong OEM Relationships: Long-term contracts and trust built with major automotive manufacturers.
Technological Expertise: Proprietary technologies, R&D capabilities, or specialized manufacturing processes.
Cost Efficiency: Ability to produce high-quality components at competitive prices.
Brand Reputation: Especially in the aftermarket segment for quality and reliability.
Scale of Operations: Achieving economies of scale in production.
Growth Drivers
Key growth drivers for SPR Auto Technologies Ltd., aligning with the broader Indian Auto Ancillary sector, are likely to include:
Growth in Domestic Automobile Sales: Increased production and sales of passenger vehicles, commercial vehicles, and two-wheelers in India.
Rising Disposable Incomes: Leading to higher vehicle ownership and increased aftermarket demand.
Infrastructure Development: Boosting demand for commercial vehicles and overall economic activity.
Increased Vehicle Content: Higher value per vehicle due to premiumization and regulatory requirements for safety/emissions.
Export Opportunities: Leveraging India's cost competitiveness to supply global automotive markets.
Transition to EVs: Developing and supplying components for electric vehicles, creating new market opportunities.
Risks
SPR Auto Technologies Ltd. faces risks common to the auto ancillary industry:
Cyclicality of Automotive Industry: Downturns in auto sales directly impact demand for components.
Raw Material Price Volatility: Fluctuations in prices of steel, aluminum, plastics, and other inputs can compress margins.
Technological Disruption: Rapid changes, particularly the shift to EVs, can make existing product lines obsolete.
Intense Competition: Price wars and pressure from both domestic and international players.
Regulatory Changes: New emission norms, safety standards, or import/export policies can impact operations and costs.
Supply Chain Disruptions: Global events, geopolitical tensions, or logistics challenges can affect production and delivery.
Management & Ownership
Information on specific promoters, management quality, leadership team, or the detailed ownership structure of SPR Auto Technologies Ltd. is not available in the provided details.
Outlook
SPR Auto Technologies Ltd. operates in a critical and dynamic segment of the Indian economy. The outlook for the company is largely tied to the growth trajectory of the Indian automotive sector, which is projected to expand driven by increasing urbanization, rising incomes, and supportive government policies. However, the company will need to navigate significant industry headwinds such as technological shifts (especially the EV transition), raw material price volatility, and intense competition. Its ability to innovate, maintain strong customer relationships, manage costs effectively, and adapt to evolving vehicle architectures will be crucial for sustained performance and market positioning within the competitive auto ancillary landscape.
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| #(Fig in Cr.) | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 766 | 856 | 837 | 877 | 848 | 988 | 963 | 1017 | 1023 | 1456 |
| Other Income | 19 | 24 | 26 | 30 | 27 | 27 | 28 | 26 | 33 | 25 |
| Total Income | 785 | 879 | 863 | 907 | 875 | 1016 | 992 | 1043 | 1056 | 1481 |
| Total Expenditure | 604 | 679 | 672 | 699 | 677 | 778 | 768 | 809 | 817 | 1188 |
| Operating Profit | 181 | 201 | 192 | 208 | 198 | 238 | 224 | 234 | 239 | 293 |
| Interest | 8 | 9 | 9 | 9 | 8 | 8 | 9 | 9 | 12 | 33 |
| Depreciation | 29 | 34 | 30 | 31 | 31 | 28 | 32 | 33 | 33 | 52 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25 | -2 |
| Profit Before Tax | 143 | 158 | 154 | 168 | 159 | 201 | 183 | 192 | 169 | 206 |
| Provision for Tax | 36 | 41 | 36 | 42 | 38 | 50 | 48 | 50 | 44 | 47 |
| Profit After Tax | 108 | 116 | 117 | 126 | 121 | 152 | 135 | 142 | 126 | 159 |
| Adjustments | -0 | 3 | -2 | -1 | -1 | -5 | -1 | -2 | -3 | -3 |
| Profit After Adjustments | 107 | 120 | 116 | 125 | 120 | 147 | 134 | 140 | 123 | 156 |
| Adjusted Earnings Per Share | 24.4 | 27.2 | 26.3 | 28.4 | 27.2 | 33.3 | 30.4 | 31.8 | 28 | 35.5 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1244 | 1393 | 1463 | 1729 | 1955 | 1607 | 1597 | 2065 | 2609 | 3089 | 3550 | 4459 |
| Other Income | 17 | 17 | 26 | 25 | 24 | 20 | 20 | 29 | 47 | 85 | 111 | 112 |
| Total Income | 1262 | 1410 | 1489 | 1754 | 1979 | 1627 | 1616 | 2094 | 2656 | 3175 | 3661 | 4572 |
| Total Expenditure | 1054 | 1160 | 1207 | 1437 | 1661 | 1425 | 1381 | 1760 | 2149 | 2447 | 2826 | 3582 |
| Operating Profit | 207 | 250 | 281 | 318 | 317 | 202 | 235 | 334 | 507 | 727 | 836 | 990 |
| Interest | 32 | 26 | 20 | 16 | 14 | 12 | 13 | 11 | 19 | 30 | 34 | 63 |
| Depreciation | 96 | 93 | 90 | 90 | 94 | 103 | 103 | 102 | 95 | 108 | 120 | 150 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27 |
| Profit Before Tax | 79 | 131 | 171 | 211 | 209 | 86 | 120 | 220 | 393 | 589 | 682 | 750 |
| Provision for Tax | 22 | 39 | 53 | 72 | 71 | 13 | 31 | 57 | 99 | 150 | 166 | 189 |
| Profit After Tax | 57 | 92 | 118 | 139 | 138 | 73 | 89 | 164 | 294 | 439 | 516 | 562 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 4 | -9 | -9 |
| Profit After Adjustments | 57 | 92 | 118 | 139 | 138 | 73 | 89 | 164 | 293 | 443 | 507 | 553 |
| Adjusted Earnings Per Share | 12.8 | 20.5 | 26.4 | 31 | 30.9 | 16.3 | 19.8 | 37.1 | 66.6 | 100.5 | 115 | 125.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 15% | 20% | 17% | 11% |
| Operating Profit CAGR | 15% | 36% | 33% | 15% |
| PAT CAGR | 18% | 47% | 48% | 25% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 37% | 67% | 53% | NA% |
| ROE Average | 24% | 24% | 19% | 16% |
| ROCE Average | 27% | 28% | 22% | 19% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 607 | 695 | 794 | 913 | 1026 | 1071 | 1148 | 1255 | 1527 | 1926 | 2394 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45 | 95 | 104 |
| Borrowings | 196 | 177 | 121 | 66 | 71 | 42 | 48 | 40 | 146 | 207 | 174 |
| Other Non-Current Liabilities | 71 | 73 | 65 | 64 | 69 | 76 | 67 | 78 | 94 | 103 | 130 |
| Total Current Liabilities | 314 | 347 | 425 | 520 | 468 | 396 | 467 | 534 | 700 | 949 | 1087 |
| Total Liabilities | 1189 | 1292 | 1405 | 1563 | 1635 | 1585 | 1731 | 1908 | 2513 | 3280 | 3888 |
| Fixed Assets | 667 | 597 | 577 | 555 | 613 | 741 | 703 | 689 | 772 | 934 | 1203 |
| Other Non-Current Assets | 31 | 94 | 87 | 93 | 125 | 96 | 80 | 61 | 136 | 245 | 239 |
| Total Current Assets | 491 | 602 | 741 | 915 | 897 | 748 | 948 | 1157 | 1605 | 2101 | 2446 |
| Total Assets | 1189 | 1292 | 1405 | 1563 | 1635 | 1585 | 1731 | 1908 | 2513 | 3280 | 3888 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 45 | 8 | 83 | 122 | 143 | 82 | 53 | 205 | 19 | 31 | 53 |
| Cash Flow from Operating Activities | 129 | 255 | 183 | 175 | 157 | 297 | 190 | 219 | 395 | 487 | 434 |
| Cash Flow from Investing Activities | -45 | -67 | -55 | -65 | -158 | -214 | -10 | -56 | -476 | -422 | -385 |
| Cash Flow from Financing Activities | -111 | -113 | -89 | -88 | -61 | -111 | -28 | -91 | 93 | -42 | -61 |
| Net Cash Inflow / Outflow | -27 | 75 | 39 | 21 | -62 | -28 | 152 | 72 | 12 | 23 | -11 |
| Closing Cash & Cash Equivalent | 18 | 83 | 122 | 143 | 82 | 53 | 205 | 277 | 31 | 53 | 42 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 12.81 | 20.48 | 26.39 | 31.04 | 30.94 | 16.32 | 19.83 | 37.13 | 66.62 | 100.47 | 115.02 |
| CEPS(Rs) | 34.27 | 41.2 | 46.49 | 51.22 | 52.02 | 39.35 | 42.75 | 60.3 | 88.22 | 124.03 | 144.21 |
| DPS(Rs) | 1.75 | 2 | 3.5 | 5 | 5 | 3 | 3 | 5 | 7.5 | 10 | 10 |
| Book NAV/Share(Rs) | 133.49 | 153.18 | 175.31 | 201.89 | 227.19 | 237.04 | 254.39 | 282.7 | 344.55 | 434.95 | 541.19 |
| Core EBITDA Margin(%) | 13.98 | 15.04 | 15.72 | 16.49 | 15.03 | 11.33 | 13.5 | 14.75 | 17.31 | 20.18 | 20.05 |
| EBIT Margin(%) | 8.18 | 10.17 | 11.78 | 12.81 | 11.42 | 6.15 | 8.3 | 11.22 | 15.51 | 19.48 | 19.82 |
| Pre Tax Margin(%) | 5.83 | 8.48 | 10.52 | 11.88 | 10.7 | 5.38 | 7.51 | 10.67 | 14.78 | 18.52 | 18.87 |
| PAT Margin (%) | 4.21 | 5.93 | 7.27 | 7.83 | 7.08 | 4.55 | 5.56 | 7.92 | 11.05 | 13.79 | 14.27 |
| Cash Profit Margin (%) | 11.27 | 11.93 | 12.81 | 12.92 | 11.91 | 10.96 | 11.98 | 12.86 | 14.61 | 17.18 | 17.59 |
| ROA(%) | 4.81 | 7.39 | 8.76 | 9.36 | 8.66 | 4.54 | 5.35 | 8.99 | 13.3 | 15.15 | 14.39 |
| ROE(%) | 9.99 | 14.29 | 16.07 | 16.46 | 14.42 | 7.03 | 8.07 | 13.72 | 21.27 | 25.55 | 23.98 |
| ROCE(%) | 12.11 | 16.71 | 19.27 | 21.71 | 20.06 | 8.55 | 10.92 | 17.57 | 25.82 | 29.59 | 27.37 |
| Receivable days | 53.25 | 51.83 | 51.74 | 57.49 | 63.2 | 67.6 | 64.31 | 59.92 | 51.56 | 50.07 | 53.55 |
| Inventory Days | 52.76 | 50.06 | 50.44 | 53.63 | 58.64 | 72.46 | 64.58 | 53.72 | 46.15 | 41.88 | 43.62 |
| Payable days | 134.03 | 147.78 | 175.7 | 171.1 | 149.72 | 165.42 | 175.19 | 146.21 | 104.58 | 99.15 | 97.84 |
| PER(x) | 0 | 0 | 22.92 | 24.49 | 16.61 | 12.22 | 20.07 | 9.49 | 7.56 | 19.52 | 16.41 |
| Price/Book(x) | 0 | 0 | 3.45 | 3.76 | 2.26 | 0.84 | 1.56 | 1.25 | 1.46 | 4.51 | 3.49 |
| Dividend Yield(%) | 0 | 0 | 0.58 | 0.66 | 0.97 | 1.5 | 0.75 | 1.42 | 1.49 | 0.51 | 0.53 |
| EV/Net Sales(x) | 0.24 | 0.15 | 1.9 | 1.97 | 1.2 | 0.56 | 1.03 | 0.65 | 0.72 | 2.66 | 2.18 |
| EV/Core EBITDA(x) | 1.46 | 0.84 | 9.88 | 10.7 | 7.38 | 4.48 | 7.01 | 4 | 3.69 | 11.32 | 9.26 |
| Net Sales Growth(%) | 6.38 | 11.94 | 5 | 18.25 | 13.04 | -17.81 | -0.63 | 29.32 | 26.38 | 18.4 | 14.91 |
| EBIT Growth(%) | -19.5 | 41.19 | 21.72 | 18.8 | -1.8 | -55.73 | 34.15 | 74.76 | 78 | 50.27 | 15.56 |
| PAT Growth(%) | -17.71 | 59.87 | 28.88 | 17.6 | -0.31 | -47.25 | 21.52 | 84.3 | 79.67 | 49.27 | 17.53 |
| EPS Growth(%) | -17.71 | 59.87 | 28.88 | 17.6 | -0.31 | -47.25 | 21.52 | 87.22 | 79.41 | 50.81 | 14.49 |
| Debt/Equity(x) | 0.52 | 0.42 | 0.29 | 0.2 | 0.12 | 0.1 | 0.11 | 0.11 | 0.2 | 0.24 | 0.2 |
| Current Ratio(x) | 1.57 | 1.74 | 1.74 | 1.76 | 1.92 | 1.89 | 2.03 | 2.17 | 2.29 | 2.21 | 2.25 |
| Quick Ratio(x) | 0.88 | 1.14 | 1.18 | 1.22 | 1.18 | 1.15 | 1.44 | 1.54 | 1.81 | 1.8 | 1.82 |
| Interest Cover(x) | 3.47 | 6.04 | 9.37 | 13.84 | 16.03 | 7.98 | 10.55 | 20.28 | 21.37 | 20.34 | 20.84 |
| Total Debt/Mcap(x) | 0 | 0 | 0.08 | 0.05 | 0.05 | 0.12 | 0.07 | 0.08 | 0.13 | 0.05 | 0.06 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 46.75 | 46.75 | 46.75 | 43.75 | 43.75 | 43.75 | 43.75 | 43.75 | 43.75 | 43.75 |
| FII | 1.07 | 1.35 | 1.99 | 4.27 | 4.89 | 5.31 | 5.88 | 6 | 6.62 | 7.64 |
| DII | 13.07 | 12.55 | 11.8 | 12.74 | 13.22 | 13.15 | 13.34 | 13.14 | 12.95 | 12.7 |
| Public | 39.11 | 39.35 | 39.46 | 39.24 | 38.14 | 37.79 | 37.03 | 37.11 | 36.67 | 35.9 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.06 | 2.06 | 2.06 | 1.93 | 1.93 | 1.93 | 1.93 | 1.93 | 1.93 | 1.93 |
| FII | 0.05 | 0.06 | 0.09 | 0.19 | 0.22 | 0.23 | 0.26 | 0.26 | 0.29 | 0.34 |
| DII | 0.58 | 0.55 | 0.52 | 0.56 | 0.58 | 0.58 | 0.59 | 0.58 | 0.57 | 0.56 |
| Public | 1.72 | 1.73 | 1.74 | 1.73 | 1.68 | 1.66 | 1.63 | 1.63 | 1.62 | 1.58 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +15% | +20% | +17% | +11% |
| Operating Profit CAGR | +15% | +36% | +33% | +15% |
| PAT CAGR | +18% | +47% | +48% | +25% |
| Share Price CAGR | +37% | +67% | +53% | — |
| ROE Average | +24% | +24% | +19% | +16% |
| ROCE Average | +27% | +28% | +22% | +19% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 46.75 | 46.75 | 46.75 | 43.75 | 43.75 | 43.75 | 43.75 | 43.75 | 43.75 | 43.75 |
| FII | 1.07 | 1.35 | 1.99 | 4.27 | 4.89 | 5.31 | 5.88 | 6 | 6.62 | 7.64 |
| DII | 13.07 | 12.55 | 11.8 | 12.74 | 13.22 | 13.15 | 13.34 | 13.14 | 12.95 | 12.7 |
| Public | 53.25 | 53.25 | 53.25 | 56.25 | 56.25 | 56.25 | 56.25 | 56.25 | 56.25 | 56.25 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.06 | 2.06 | 2.06 | 1.93 | 1.93 | 1.93 | 1.93 | 1.93 | 1.93 | 1.93 |
| FII | 0.05 | 0.06 | 0.09 | 0.19 | 0.22 | 0.23 | 0.26 | 0.26 | 0.29 | 0.34 |
| DII | 0.58 | 0.55 | 0.52 | 0.56 | 0.58 | 0.58 | 0.59 | 0.58 | 0.57 | 0.56 |
| Public | 2.35 | 2.35 | 2.35 | 2.48 | 2.48 | 2.48 | 2.48 | 2.48 | 2.48 | 2.48 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 | 4.4 |
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