Shriram Pistons & Rings Ltd. (SHRIPISTON) AI Stock Analysis

• Market Cap: ₹140.31B
• Dividend Yield: 0.31%
• Average Volume (3M): 58.68K
• Price to Earnings (P/E): 26.0
• Beta (1Y): 0.82
• Revenue Growth: 14.43%
• EPS Growth: 15.60%
• Country: IN
• Employees: 3,887
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 31.80
• Shares Outstanding: 44,049,824
• 10 Day Avg. Volume: 46,207
• 30 Day Avg. Volume: 58,678
• PEG Ratio: 1.11
• Price to Book (P/B): 3.40
• Price to Sales (P/S): 2.29
• P/FCF Ratio: 30.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ₹3,395.00 ▲(2.97% Upside)

Shriram Pistons & Rings Ltd. scores well due to its strong financial performance, characterized by robust revenue growth and profit margins. The technical analysis indicates bullish momentum, although the high RSI suggests caution due to potential overbought conditions. The valuation is moderate, with a fair P/E ratio but a low dividend yield. Overall, the stock presents a positive outlook with some areas for improvement in cash flow efficiency and valuation.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective operational strategies, supporting long-term business expansion.

Profit Margins

Improved profit margins reflect efficient cost management, enhancing the company's ability to generate profits sustainably.

Balance Sheet Health

A low debt-to-equity ratio suggests financial stability and flexibility, allowing the company to invest in growth opportunities.

Negative Factors

Cash Flow Efficiency

Negative free cash flow growth indicates potential cash flow management challenges, which could impact liquidity if not addressed.

Asset Utilization

Inefficient asset utilization may limit return on investment, suggesting a need for better resource management to maximize profitability.

Cash Conversion Efficiency

Suboptimal cash conversion efficiency could hinder the company's ability to quickly turn earnings into cash, affecting operational agility.

Shriram Pistons & Rings Ltd. Business Overview & Revenue Model

Company Description

Shriram Pistons & Rings Limited manufactures and sells automotive components in India. It offers pistons, piston pins, piston rings, and engine valves. The company also provides cylinder liners, crankshafts, connecting rods, cylinder heads, and lubricating oils; fuel, air, cabin, and hydraulic filters; and cylinder head gaskets. It also exports its products. The company serves OEMs operating in the passenger and commercial vehicles, cars/SUVs, two and three wheelers, tractors, off-highway vehicles, and industrial engines markets. The company was incorporated in 1963 and is headquartered in New Delhi, India.

How the Company Makes Money

Shriram Pistons & Rings Ltd. generates revenue primarily through the sale of its core products, including pistons and piston rings, which are essential components in internal combustion engines. The company has established strong relationships with major automobile manufacturers and aftermarket suppliers, creating a steady demand for its products. Revenue is further augmented through strategic partnerships with other industry players and collaborations for research and development, which allow the company to innovate and expand its product line. Additionally, SHRIPISTON may benefit from economies of scale as it increases production, leading to lower per-unit costs and enhanced profitability.

Shriram Pistons & Rings Ltd. Financial Statement Overview

Summary

Shriram Pistons & Rings Ltd. exhibits strong financial health with robust revenue growth, impressive profit margins, and a stable balance sheet with low leverage. However, there is room for improvement in cash conversion efficiency and asset utilization.

Income Statement

Shriram Pistons & Rings Ltd. has demonstrated robust revenue growth and improved profitability over recent years. The gross profit margin for the latest annual period is 58.1%, indicating strong cost management. Net profit margin has improved to 14.3%, showcasing effective control over expenses. The revenue growth rate year-over-year is 14.9%, driven by increasing demand and operational efficiency. The EBIT margin stands at 43.6%, reflecting efficient operations, while the EBITDA margin is at 20.4%, highlighting substantial earnings before interest, taxes, depreciation, and amortization.

Balance Sheet

The company maintains a healthy balance sheet with a debt-to-equity ratio of 0.21, indicating low leverage. Return on equity is 21.2%, showcasing strong returns generated on shareholders' investments. The equity ratio is 64.2%, reflecting a stable capital structure with significant equity financing. However, there is room for improvement in asset utilization and further enhancement of equity returns.

Cash Flow

Shriram Pistons & Rings Ltd. has a solid cash flow position, with a free cash flow growth rate of -21.0% due to capital expenditures aimed at expansion. The operating cash flow to net income ratio is 0.86, indicating a strong alignment between cash generation and earnings. The free cash flow to net income ratio is 0.53, suggesting good cash conversion, although there is potential for improvement in cash flow efficiency.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	36.76B	35.50B	30.89B	26.09B	20.23B	15.72B
Gross Profit	16.16B	20.62B	12.74B	15.11B	10.25B	8.30B
EBITDA	8.42B	7.24B	7.27B	5.07B	3.34B	2.35B
Net Income	5.25B	5.07B	4.43B	2.93B	1.64B	887.51M
Balance Sheet
Total Assets	0.00	37.29B	31.38B	23.75B	18.50B	17.04B
Cash, Cash Equivalents and Short-Term Investments	9.70B	9.70B	8.75B	6.82B	3.66B	2.77B
Total Debt	0.00	5.08B	4.87B	3.33B	1.57B	1.46B
Total Liabilities	-24.97B	12.32B	11.18B	8.34B	5.95B	5.56B
Stockholders Equity	24.97B	23.94B	19.26B	15.27B	12.55B	11.48B
Cash Flow
Free Cash Flow	0.00	2.69B	3.40B	2.68B	1.56B	1.44B
Operating Cash Flow	0.00	4.34B	4.87B	3.95B	2.19B	1.90B
Investing Cash Flow	0.00	-3.85B	-4.22B	-2.09B	-562.95M	-101.19M
Financing Cash Flow	0.00	-610.40M	-421.59M	929.67M	-907.22M	-279.49M

Shriram Pistons & Rings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3297.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHRIPISTON, the sentiment is Positive. The current price of 3297.2 is above the 20-day moving average (MA) of 3192.59, above the 50-day MA of 2910.32, and above the 200-day MA of 2512.50, indicating a neutral trend. The MACD of 107.69 indicates Positive momentum. The RSI at 54.15 is Neutral, neither overbought nor oversold. The STOCH value of 61.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SHRIPISTON.

Shriram Pistons & Rings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LGBBROSLTD	76 Outperform	₹59.35B	18.39	―	1.07%	14.37%	12.68%
SHRIPISTON	73 Outperform	₹140.31B	25.98	―	0.31%	14.43%	15.60%
MINDACORP	69 Neutral	₹138.30B	51.18	―	0.23%	12.99%	2.43%
SHARDAMOTR	66 Neutral	₹52.10B	15.60	―	2.75%	6.96%	6.33%
GABRIEL	64 Neutral	₹140.40B	54.96	―	0.46%	17.87%	21.19%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
KITEX	53 Neutral	₹30.88B	33.08	―	0.27%	20.41%	-6.50%

Shriram Pistons & Rings Ltd. Corporate Events

Shriram Pistons & Rings Completes Acquisition of Grupo Antolin’s India Businesses

Shriram Pistons & Rings Limited has completed the acquisition of Antolin Lighting India Private Limited (T1) and Grupo Antolin India Private Limited (T2), thereby also indirectly acquiring approximately 99.99% of Grupo Antolin Chakan Private Limited (T3), in line with a previously announced share purchase agreement with Grupo Antolin entities. Following the transaction, T1 and T2 have become wholly owned subsidiaries—with T2 classified as an unlisted material subsidiary under SEBI regulations—and T3 has become a step-down subsidiary, marking a significant expansion of Shriram Pistons & Rings’ group structure and potentially strengthening its capabilities and market position in automotive components and related businesses.

Shriram Pistons & Rings Ltd. Updates on Physical Share Transfer Requests

Shriram Pistons & Rings Ltd. has informed the stock exchanges about the receipt of a report from its Registrar and Share Transfer Agent, Alankit Assignments Limited, regarding the re-lodgement of transfer requests for physical shares. This update pertains to the period from November 7, 2025, to December 6, 2025, and follows a SEBI circular issued on July 2, 2025. The company has complied with the regulatory requirements by displaying the SEBI circular on its website and publishing it in widely circulated newspapers, indicating its commitment to transparency and regulatory adherence.

Shriram Pistons & Rings Updates on Grupo Antolin India Acquisition

Shriram Pistons & Rings Limited announced an update on its acquisition of Grupo Antolin Companies (India). The company held a conference call to discuss the acquisition, which is expected to enhance its market position and operational capabilities. This strategic move is likely to have significant implications for stakeholders, potentially expanding the company’s footprint in the automotive component sector.

Shriram Pistons & Rings Expands with Key Acquisition in Automotive Sector

Shriram Pistons & Rings Limited has announced its acquisition of Antolin Lighting India Private Limited, Grupo Antolin India Private Limited, and Grupo Antolin Chakan Private Limited. This strategic move aims to enhance SPRL’s capabilities and expand its presence in the automotive components industry, particularly in areas independent of powertrain technologies. The acquisition will allow SPRL to strengthen its position in the market and create long-term value for stakeholders. Additionally, SPRL will enter into a Technology Licensing Agreement with Grupo Antolin to ensure continuous access to advanced technologies.