Shriram Pistons & Rings Ltd. (IN:SHRIPISTON)
:SHRIPISTON
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Shriram Pistons & Rings Ltd.
(SHRIPISTON)
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Rating:64Neutral
Price Target:
₹4,001.00
▲(21.35% Upside)
Action:Downgraded
Date:05/14/26
Overall score is driven primarily by strong operating performance and positive free cash flow, tempered by the sharp rise in leverage. Technicals are mixed with neutral momentum and only modest support, while valuation is constrained by a mid-to-high P/E and very low dividend yield.
Positive Factors
Strong revenue growth
Sustained, multi-year revenue growth indicates expanding end-market share and stronger OEM adoption. This durable top-line momentum supports scale economics, capacity utilization and reinvestment in tooling and quality, improving the firm's competitive position over the medium term.
Negative Factors
Sharp rise in leverage
A material increase in leverage raises long-term financial risk by increasing fixed obligations and refinancing exposure. Higher debt heightens sensitivity to cyclical OEM demand and compresses the margin for error on cash flow forecasts, reducing strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained, multi-year revenue growth indicates expanding end-market share and stronger OEM adoption. This durable top-line momentum supports scale economics, capacity utilization and reinvestment in tooling and quality, improving the firm's competitive position over the medium term.
Read all positive factors
Shriram Pistons & Rings Ltd. (SHRIPISTON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹167.42B
Dividend Yield0.31%
Average Volume (3M)58.68K
Price to Earnings (P/E)30.7
Beta (1Y)1.33
Revenue Growth25.61%
EPS Growth9.11%
CountryIN
Employees3,887
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)122.60
Shares Outstanding44,049,824
10 Day Avg. Volume46,207
30 Day Avg. Volume58,678
Financial Highlights & Ratios
PEG Ratio2.66
Price to Book (P/B)4.58
Price to Sales (P/S)2.98
P/FCF Ratio28.35
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
Operating from its base in India, Shriram Pistons & Rings Limited specializes in the production and supply of a comprehensive range of automotive components. Its core offerings include pistons, piston pins, piston rings, and engine valves. The com...
How the Company Makes Money
The company primarily makes money by manufacturing and selling engine and powertrain components to original equipment manufacturers (OEMs) and, to a lesser extent, to the replacement (aftermarket) channel. Key revenue streams include: (1) OEM supp...
Shriram Pistons & Rings Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.64B | 44.59B | 34.98B | 30.43B | 25.64B | 20.23B |
| Gross Profit | 16.57B | 16.77B | 17.06B | 15.14B | 12.14B | 10.25B |
| EBITDA | 8.92B | 9.61B | 8.35B | 7.27B | 5.07B | 3.33B |
| Net Income | 5.40B | 5.53B | 5.07B | 4.43B | 2.93B | 1.64B |
Balance Sheet | ||||||
| Total Assets | 40.29B | 61.53B | 37.29B | 31.38B | 23.75B | 18.50B |
| Cash, Cash Equivalents and Short-Term Investments | 12.02B | 11.60B | 9.70B | 8.75B | 6.82B | 3.66B |
| Total Debt | 5.37B | 19.68B | 5.08B | 4.87B | 3.33B | 1.57B |
| Total Liabilities | 12.80B | 31.34B | 12.32B | 11.18B | 8.34B | 5.95B |
| Stockholders Equity | 26.37B | 29.01B | 23.94B | 19.26B | 15.27B | 12.55B |
Cash Flow | ||||||
| Free Cash Flow | 1.88B | 4.69B | 2.69B | 3.40B | 2.68B | 1.56B |
| Operating Cash Flow | 2.74B | 6.53B | 4.34B | 4.87B | 3.95B | 2.19B |
| Investing Cash Flow | -2.57B | -18.99B | -3.85B | -4.22B | -2.09B | -562.95M |
| Financing Cash Flow | -193.00M | 13.08B | -610.40M | -421.59M | 929.67M | -907.22M |
Shriram Pistons & Rings Ltd. Technical Analysis
Positive
3297.20
Price Trends
3506.50
Positive
3247.02
Positive
3022.28
Positive
Market Momentum
111.92
Negative
68.69
Neutral
87.37
Negative
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 below the 20-day moving average (MA) of 3523.12, below the 50-day MA of 3506.50, and above the 200-day MA of 3022.28, indicating a bullish trend. The MACD of 111.92 indicates Negative momentum. The RSI at 68.69 is Neutral, neither overbought nor oversold. The STOCH value of 87.37 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹386.25B | 59.74 | ― | 0.65% | 25.80% | 3.86% | |
72 Outperform | ₹41.48B | 28.86 | ― | 2.39% | 11.39% | 79.67% | |
71 Outperform | ₹26.32B | 15.09 | ― | ― | 8.79% | 5.32% | |
64 Neutral | ₹167.42B | 30.70 | ― | 0.31% | 25.61% | 9.11% | |
63 Neutral | ₹1.01T | 95.32 | ― | 0.58% | 11.17% | 12.74% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ₹14.83B | 27.88 | ― | 0.61% | -10.69% | -5.27% |
* Consumer Cyclical Sector Average
IN:SHRIPISTON
Shriram Pistons & Rings Ltd.
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Shriram Pistons & Rings Ltd. Corporate Events
SPR Auto Technologies Schedules One-on-One Mumbai Meetings With Key Institutional Investors
Jun 17, 2026
SPR Auto Technologies Limited, formerly Shriram Pistons Rings Limited, has scheduled a series of one-on-one meetings with key institutional investors, including Kotak Mutual Fund, Tata Mutual Fund, Edelweiss Mutual Fund, Mirae Mutual Fund, and Th...
SPR Auto Technologies Confirms Full, Compliant Use of NCD Proceeds
May 21, 2026
SPR Auto Technologies Limited, formerly known as Shriram Pistons Rings Limited, has confirmed that the proceeds from its listed, secured, rated, redeemable, non-cumulative, non-convertible debentures, Series I and Series II, raised via private pl...
SPR Auto Technologies Posts Earnings Call Audio, Emphasizes SEBI Compliance
May 12, 2026
SPR Auto Technologies Limited has notified stock exchanges that the audio recording of its recent earnings conference call, held on May 12, 2026, is now available on the company’s website for investors and analysts. The communication follows...
SPR Auto Technologies publishes FY26 audited results investor presentation
May 11, 2026
SPR Auto Technologies Limited, formerly known as Shriram Pistons Rings Limited, has released an investor presentation detailing its audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026. The mate...
SPR Auto Technologies posts record FY26 results on robust auto demand and acquisitions
May 11, 2026
SPR Auto Technologies Limited, formerly known as Shriram Pistons Rings Limited, reported its highest-ever quarterly and annual results for the year ended March 31, 2026, underscoring strong momentum across its core and newly acquired businesses. ...
SPR Auto Technologies Schedules Q4 and FY26 Earnings Call With Investors
May 5, 2026
SPR Auto Technologies Limited, formerly Shriram Pistons Rings Limited, has scheduled an earnings conference call with analysts and investors to discuss its financial results for the fourth quarter and full year of FY26. The virtual audio call wil...
SPR Auto Technologies Files SEBI Dematerialisation Compliance Certificate
Apr 8, 2026
SPR Auto Technologies Limited has submitted to stock exchanges a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026, issued by its registrar and share tr...
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...
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.