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Shriram Pistons

₹3060 89.6 | 3%

Last updated: 11:14

Consolidated Standalone

Last updated: 11:14

Shriram Pistons Overview

Shriram Pistons & Rings Ltd is an India-based enterprise, which is engaged in production of numerous products, along with pistons, piston pins, piston rings and engine valves. The Company caters to both domestic and worldwide markets. The Company operates via automotive additives segment. The Company has various product portfolio, spread throughout various market segments, including original equipment manufacturers (OEMs) and after market, each in domestic and export markets, and throughout various vehicle segments, inclusive of cars, two whee...Read More

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Shriram Pistons Key Financials

Market Cap ₹13479 Cr.

Stock P/E 26.1

P/B 4.9

Current Price ₹3060

Book Value ₹ 625.1

Face Value 10

52W High ₹3416.5

Dividend Yield 0.33%

52W Low ₹ 1556

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Shriram Pistons Share Price

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Shriram Pistons Quarterly Price

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Shriram Pistons Peer Comparison

Shriram Pistons Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 752 766 856 837 877 848 988 963 1017 1023
Other Income 23 19 24 26 30 27 27 28 26 33
Total Income 775 785 879 863 907 875 1016 992 1043 1056
Total Expenditure 594 604 679 672 699 677 778 768 809 817
Operating Profit 181 181 201 192 208 198 238 224 234 239
Interest 7 8 9 9 9 8 8 9 9 12
Depreciation 22 29 34 30 31 31 28 32 33 33
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -25
Profit Before Tax 151 143 158 154 168 159 201 183 192 169
Provision for Tax 38 36 41 36 42 38 50 48 50 44
Profit After Tax 113 108 116 117 126 121 152 135 142 126
Adjustments 1 -0 3 -2 -1 -1 -5 -1 -2 -3
Profit After Adjustments 114 107 120 116 125 120 147 134 140 123
Adjusted Earnings Per Share 25.8 24.4 27.2 26.3 28.4 27.2 33.3 30.4 31.8 28

Shriram Pistons Profit & Loss

#(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 3991
Other Income 17 17 26 25 24 20 20 29 47 85 111 114
Total Income 1262 1410 1489 1754 1979 1627 1616 2094 2656 3175 3661 4107
Total Expenditure 1054 1160 1207 1437 1661 1425 1381 1760 2149 2447 2826 3172
Operating Profit 207 250 281 318 317 202 235 334 507 727 836 935
Interest 32 26 20 16 14 12 13 11 19 30 34 38
Depreciation 96 93 90 90 94 103 103 102 95 108 120 126
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 -25
Profit Before Tax 79 131 171 211 209 86 120 220 393 589 682 745
Provision for Tax 22 39 53 72 71 13 31 57 99 150 166 192
Profit After Tax 57 92 118 139 138 73 89 164 294 439 516 555
Adjustments 0 0 0 0 0 0 0 0 -0 4 -9 -11
Profit After Adjustments 57 92 118 139 138 73 89 164 293 443 507 544
Adjusted Earnings Per Share 12.8 20.5 26.4 31 30.9 16.3 19.8 37.1 66.6 100.5 115 123.5

Growth Rates

# 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 52% 67% 49% NA%
ROE Average 24% 24% 19% 16%
ROCE Average 27% 28% 22% 19%

Shriram Pistons Balance Sheet

#(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

Shriram Pistons Cash Flow

#(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

Shriram Pistons Ratios

# 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

Shriram Pistons Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 46.75 46.75 46.75 46.75 43.75 43.75 43.75 43.75 43.75 43.75
FII 0.08 1.07 1.35 1.99 4.27 4.89 5.31 5.88 6 6.62
DII 9.29 13.07 12.55 11.8 12.74 13.22 13.15 13.34 13.14 12.95
Public 43.88 39.11 39.35 39.46 39.24 38.14 37.79 37.03 37.11 36.67
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Shriram Pistons News

Shriram Pistons Pros & Cons

Pros

  • Company has delivered good profit growth of 47% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%
  • Debtor days have improved from 99.15 to 97.84days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 43.75%.
  • Stock is trading at 4.9 times its book value.

* The pros and cons are machine generated.

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