Shriram Pistons & Rings Ltd. (IN:SHRIPISTON)
:SHRIPISTON
Top Page
Shriram Pistons & Rings Ltd.
(SHRIPISTON)
Select Model
Select Model
Rating:73Outperform
Price Target:
₹3,065.00
▼(-7.04% Downside)
Action:ReiteratedDate:12/09/25
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
High gross and EBIT margins
Sustained high gross (58.1%) and EBIT (43.6%) margins indicate durable cost control and pricing power in precision engine components. Consistently strong margins support reinvestment, cushion cyclical downturns, and reflect a competitive manufacturing position in OEM supply chains.
Negative Factors
Negative free cash flow growth
A -21% free cash flow growth rate driven by elevated capex reduces near-term cash available for dividends, debt reduction, or buybacks. If expansion spending does not achieve commensurate returns, persistent FCF weakness could constrain financial flexibility and shareholder distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross and EBIT margins
Sustained high gross (58.1%) and EBIT (43.6%) margins indicate durable cost control and pricing power in precision engine components. Consistently strong margins support reinvestment, cushion cyclical downturns, and reflect a competitive manufacturing position in OEM supply chains.
Read all positive factors
Shriram Pistons & Rings Ltd. (SHRIPISTON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹129.00B
Dividend Yield0.31%
Average Volume (3M)58.68K
Price to Earnings (P/E)29.0
Beta (1Y)0.89
Revenue Growth14.43%
EPS Growth15.60%
CountryIN
Employees3,887
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)33.60
Shares Outstanding44,049,824
10 Day Avg. Volume46,207
30 Day Avg. Volume58,678
Financial Highlights & Ratios
PEG Ratio1.11
Price to Book (P/B)3.40
Price to Sales (P/S)2.33
P/FCF Ratio30.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)162.8
Revenue Forecast (FY)₹62.01B
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 lu...
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 wit...
Shriram Pistons & Rings Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.64B | 34.98B | 30.43B | 25.64B | 20.23B | 15.72B |
| Gross Profit | 16.57B | 17.06B | 15.14B | 12.14B | 10.25B | 8.30B |
| EBITDA | 8.92B | 8.35B | 7.27B | 5.07B | 3.33B | 2.35B |
| Net Income | 5.40B | 5.07B | 4.43B | 2.93B | 1.64B | 887.51M |
Balance Sheet | ||||||
| Total Assets | 40.29B | 37.29B | 31.38B | 23.75B | 18.50B | 17.04B |
| Cash, Cash Equivalents and Short-Term Investments | 12.02B | 9.70B | 8.75B | 6.82B | 3.66B | 2.77B |
| Total Debt | 5.37B | 5.08B | 4.87B | 3.33B | 1.57B | 1.46B |
| Total Liabilities | 12.80B | 12.32B | 11.18B | 8.34B | 5.95B | 5.56B |
| Stockholders Equity | 26.37B | 23.94B | 19.26B | 15.27B | 12.55B | 11.48B |
Cash Flow | ||||||
| Free Cash Flow | 1.88B | 2.69B | 3.40B | 2.68B | 1.56B | 1.44B |
| Operating Cash Flow | 2.74B | 4.34B | 4.87B | 3.95B | 2.19B | 1.90B |
| Investing Cash Flow | -2.57B | -3.85B | -4.22B | -2.09B | -562.95M | -101.19M |
| Financing Cash Flow | -193.00M | -610.40M | -421.59M | 929.67M | -907.22M | -279.49M |
Shriram Pistons & Rings Ltd. Technical Analysis
Negative
3297.20
Price Trends
2964.35
Negative
2948.58
Negative
2743.69
Positive
Market Momentum
-0.66
Positive
46.39
Neutral
28.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHRIPISTON, the sentiment is Negative. The current price of 3297.2 is above the 20-day moving average (MA) of 2983.49, above the 50-day MA of 2964.35, and above the 200-day MA of 2743.69, indicating a neutral trend. The MACD of -0.66 indicates Positive momentum. The RSI at 46.39 is Neutral, neither overbought nor oversold. The STOCH value of 28.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SHRIPISTON.
Shriram Pistons & Rings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹54.37B | 16.13 | ― | 1.07% | 14.37% | 12.68% | |
73 Outperform | ₹129.00B | 28.99 | ― | 0.31% | 14.43% | 15.60% | |
69 Neutral | ₹119.66B | 39.41 | ― | 0.23% | 12.99% | 2.43% | |
66 Neutral | ₹42.17B | 16.59 | ― | 2.75% | 6.96% | 6.33% | |
64 Neutral | ₹125.82B | 66.34 | ― | 0.46% | 17.87% | 21.19% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ₹31.11B | -96.49 | ― | 0.27% | 20.41% | -6.50% |
* Consumer Cyclical Sector Average
IN:SHRIPISTON
Shriram Pistons & Rings Ltd.
2,928.40
1,205.04
69.92%
IN:GABRIEL
Gabriel India Limited
875.95
359.63
69.65%
IN:KITEX
Kitex Garments Limited
155.95
-32.69
-17.33%
IN:LGBBROSLTD
L.G. Balakrishnan & Bros Ltd.
1,704.80
581.96
51.83%
IN:MINDACORP
Minda Corp. Ltd.
500.50
21.32
4.45%
IN:SHARDAMOTR
Sharda Motor Industries Ltd.
734.55
20.03
2.80%
Shriram Pistons & Rings Ltd. Corporate Events
SPR Auto Tech Confirms Continuity in KS Licence Deal After German Restructuring
Apr 3, 2026
SPR Auto Technologies Limited has disclosed that its long-standing technical collaborator, Kolbenschmidt Pistons Germany GmbH, has carved out certain central functions into a new entity, Kolbenschmidt Pistons Management GmbH, as part of a strategi...
SPR Auto extends long-term Fuji OOZX tech pact for engine valves
Apr 3, 2026
SPR Auto Technologies Limited has renewed and revised its long-standing technical collaboration with Japan’s Fuji OOZX Inc., extending the arrangement for another five years. The agreement continues to focus on supplying technical know-how a...
Shriram Pistons & Rings Files Postal Ballot Minutes with Stock Exchanges
Mar 31, 2026
Shriram Pistons Rings Ltd. has notified the stock exchanges that it has provided a copy of the minutes of its recent postal ballot proceedings, following an earlier communication of the voting results and scrutinizer’s report dated March 13...
Shriram Pistons & Rings Closes Trading Window Ahead of FY26 Results
Mar 30, 2026
Shriram Pistons Rings Limited has notified the stock exchanges that its trading window for dealing in the company’s securities will be closed from April 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and its i...
Shriram Pistons & Rings Plans Plant Visit for Emkay Auto Investor Tour
Mar 7, 2026
Shriram Pistons Rings Ltd. has scheduled a physical group meeting with analysts and investors as part of the Emkay Global Auto Investor Tour on March 11, 2026, in Noida and Ghaziabad, Uttar Pradesh. The program includes RD and plant visits at bot...
Shriram Pistons & Rings fully redeems Rs 10,000 million in commercial papers
Feb 24, 2026
Shriram Pistons Rings Limited has informed the stock exchanges that it has fully redeemed commercial papers amounting to Rs 10,000 million, meeting its payment obligations on the due date of February 24, 2026. The timely redemption of these short...
Shriram Pistons & Rings Publishes Postal Ballot Dispatch Notice in Newspapers
Feb 10, 2026
Shriram Pistons Rings Ltd. announced that it has published newspaper advertisements confirming the dispatch of a postal ballot notice to its shareholders, as required under the SEBI Listing Regulations. The advertisements appeared in leading Engl...
Shriram Pistons & Rings Declares Interim Dividend, Plans NCD Issue and Rebranding to SPR Auto Technologies
Feb 2, 2026
Shriram Pistons Rings Limited has reported its unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, declared an interim dividend of 50% (Rs 5 per share on a face value of Rs 10) for FY 20...
Shriram Pistons Board Backs Name Change to SPR Auto Technologies, Interim Dividend and Rs 10 Billion NCD Issue
Feb 2, 2026
Shriram Pistons Rings Limited has announced that its board has approved a proposal to change the company’s name to SPR Auto Technologies Limited, alongside alterations to its Memorandum and Articles of Association and object clause, with sh...
Shriram Pistons & Rings Schedules Q3 & 9M FY26 Earnings Call With Investors
Jan 27, 2026
Shriram Pistons Rings Ltd. has announced that it will hold a virtual earnings conference call with analysts and investors on February 3, 2026, to discuss its financial performance for the third quarter and nine months of FY26. The online audio ca...
Shriram Pistons & Rings Confirms Regulatory Compliance on ₹10 Billion Commercial Paper Issue
Jan 14, 2026
Shriram Pistons Rings Ltd. has confirmed that the Rs 10,000 million commercial paper issued and listed on the NSE’s debt segment on December 26, 2025, with maturity on February 24, 2026, has been managed in full compliance with regulatory a...
Shriram Pistons & Rings Completes Acquisition of Grupo Antolin’s India Businesses
Jan 8, 2026
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 Limite...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.