Shriram Pistons & Rings Limited

NSE: SHRIPISTON · Auto Components & Equipments

52W Range₹2,301 ₹4,525

Snapshot

Unlock Shriram Pistons & Rings Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Shriram Pistons & Rings Limited is a manufacturer of critical automotive components, including pistons, rings, pins, and engine valves. The company serves a diverse range of original equipment manufacturers across the passenger vehicle, commercial vehicle, and off-highway segments.

Business Model

The company generates revenue by supplying high-precision engine components to automotive OEMs and the aftermarket sector. Its business model relies on long-term partnerships with vehicle manufacturers and a broad distribution network for replacement parts.

  • Incorporation Year:1963

Growth Outlook

Growth is driven by the expansion of the automotive sector in India and increasing demand for high-performance engine components. The company continues to leverage its established market position to cater to both domestic and international automotive markets.

Key Risks

  • Cyclicality of Automotive Industry. The company's performance is highly sensitive to fluctuations in demand within the automotive manufacturing sector.
  • Technological Disruption. The global transition toward electric vehicles poses a long-term risk to the demand for traditional internal combustion engine components.
  • Raw Material Price Volatility. Fluctuations in the prices of steel, aluminium, and other raw materials can significantly impact operating margins.
  • Supply Chain Dependency. Reliance on specific OEM production schedules and global supply chain stability can affect consistent revenue streams.

Price

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Key Metrics

REVENUE

₹4,459 Cr

TTM · consolidated

+25.6%YoY

NET PROFIT

₹562 Cr

TTM · consolidated

+9.0%YoY

EPS

₹125.51

TTM · consolidated

+9.1%YoY

RETURN ON EQUITY

22.3%

TTM · consolidated

-2.9 ppYoY

RETURN ON CAPITAL EMPLOYED

25.1%

TTM · consolidated

-4.1 ppYoY

P/E

33.4x

Q4 FY26 · consolidated

33.4 vs 41.2x5Y avg

EV/EBITDA

20.5x

Q4 FY26 · consolidated

20.5 vs 27.1x5Y avg

EBITDA MARGIN

22.2%

TTM · consolidated

-1.3 ppYoY

NET PROFIT MARGIN

10.9%

Q4 FY26 · consolidated

-4.4 ppYoY

DEBT TO EQUITY

0.6%

Q4 FY26 · consolidated

+0.4 ppYoY

Peers · Auto Components & Equipments

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Shriram Pistons & Rings LimitedSHRIPISTON
13,25033.4320.4825.6%22.2%22.3%25.1%+75.9%
JBM Auto Ltd.JBMA
13,71753.4722.4911.3%13.9%17.0%23.9%+5.4%
Amara Raja Energy & Mobility Ltd.ARE&M
13,43418.4210.327.5%11.6%11.8%15.5%-8.6%
Sansera Engineering LimitedSANSERA
13,21262.3429.8615.9%19.8%11.5%14.5%+136.1%
Gabriel India LimitedGABRIEL
12,38877.6342.2514.9%9.9%20.5%26.5%+29.7%
Minda Corporation Ltd.MINDACORP
11,87944.6123.3422.3%11.9%15.5%16.7%+30.6%

As of Q4 FY26

Financials