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Prices as of 8 Oct 2026 close · Not investment advice

Shriram Pistons & Rings Limited

NSE: SHRIPISTONAuto Components & Equipments

Share price

₹4,270.40

-3.20% close of 8 Oct 2026

Market cap ₹18,790 CrP/E 32.2

Business score

How strong the business is, in one number. The parts behind it are in Pro.

67

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹18,790 Cr

P/E ratio

32.2

P/B ratio

6.5

ROCE

20.8%

ROE

21.3%

Dividend yield

0.2%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹4,749.2052-week low ₹2,595.90

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 35.2% over the past year, and 10.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 15.0% to 19.1% over the last four years.

Whether it grew faster than its sector

It grew 10.5% a year against a sector median of 10.5% — 0 percentage points faster.

Room to re-rate, or risk of de-rating

At 32.2× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 51.0×, across 5 companies. It is against its own five-year median of 18.1×, the 95th percentile of its own range.

Whether growth justifies the valuation

Priced at 1.3 times its growth rate, on earnings growth of 25%.

Profit growthPrice per ₹1 profitPer 1% growth
Shriram Pistons & Rings Limited — this one25%/yr32.2×₹1.3
Samvardhana Motherson International Limited40%/yr35.3×₹0.88
Bosch Limited14%/yr54.8×₹3.9
Bharat Forge Limited33%/yr85.2×₹2.6
UNO Minda Limited23%/yr51.0×₹2.2
Schaeffler India Limited10%/yr46.2×₹4.6

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Auto Components & Equipments), it ranks 33 of 101 on returns, 50 of 99 on growth, 14 of 101 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 20.8% on capital, ahead of 67% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹2160 crore of cash from the business and spent ₹686 crore on plant and equipment, with ₹1474 crore to spare; it still raised ₹1111 crore mostly borrowed — borrowings rose from ₹157 crore to ₹1968 crore. And the profit is real: of every 100 rupees it reported over 12 years, about 132 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being waiting 44 days for its cash to waiting 1 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 9 checks clear · 100%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue up 51% as the acquired interiors business joins in, profit up 9%

Announced 4 Aug 2026 · Consolidated · Unaudited

Revenue

₹1,474 Cr

Revenue vs last year

+53.1%

Revenue vs last quarter

+1.3%

Net profit

₹148 Cr

Profit vs last year

+9.4%

Profit vs last quarter

-7.1%

Net margin

10.0%

EPS

₹32.78

Earnings call transcript · 5 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹18,790 Cr
Prev close
₹4,270.40
52w High
₹4,843
52w Low
₹2,526
Enterprise value
₹19,598 Cr
Beta
1.2
Price CAGR 1y
61.0%
Price CAGR 3y
65.0%
Price CAGR 5y
56.0%
Price CAGR 10y
—

Ratios

Return on assets
9.1%
PEG ratio
1.4
P/E ratio
32.2
P/B ratio
6.5
EV / EBITDA
20.9
Industry P/E
30.6
ROCE
20.8%
ROCE 5y average
23.4%
ROE
21.3%
Debt / Equity
0.7
Interest coverage
13.1
Dividend yield
0.2%
ROE 3y average
23.0%
ROE last year
21.0%

Annual P&L

Annual revenue
₹4,459 Cr
Annual profit
₹561 Cr
Operating margin
20.0%
Net profit margin
12.6%
EBITDA margin
19.6%
Sales growth 3y
19.6%
Sales growth 5y
22.8%
Profit growth 3y
25.0%
Profit growth 5y
45.0%
EPS
₹125
Sales growth TTM
35.0%
Profit growth TTM
11.0%
Dividend payout
8.0%

Quarter P&L

Sales latest quarter
₹1,474 Cr
Profit latest quarter
₹148 Cr
YoY quarterly sales growth
53.1%
YoY quarterly profit growth
9.6%
OPM latest quarter
17.5%

Balance Sheet

Book Value
₹659
Face Value
₹10.0
Total debt
₹1,968 Cr
Total cash
₹1,036 Cr
Borrowings
₹1,968 Cr
Reserves / Equity
64.9

Cash Flow

Operating cash flow
₹625 Cr
Free cash flow
₹437 Cr
FCF yield
2.0%
Net cash flow
₹63 Cr

Shareholding

Promoter holding
41.5%
FII holding
8.4%
DII holding
16.0%
Public holding
34.0%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Samvardh. Mothe.155.1535.81,63,7520.381,075.781.535,243.816.613.4
Bosch43,270.2054.01,27,6300.61706.15.25,841.922.021.5
Bharat Forge1,793.6086.787,6480.46-89.9-57.74,639.918.712.6
Uno Minda1,096.0051.863,2900.24315.51.85,556.923.819.6
Schaeffler India3,733.0045.258,3480.93336.713.72,681.417.527.9
Sona BLW Precis.792.9563.749,4940.42220.173.41,157.250.815.1
Tube Investments2,271.0070.143,9600.15294.0-15.36,215.317.117.1
SPR Auto Technologies4,300.4534.219,9480.23147.78.01,474.453.120.8
Median447.1029.21,5710.3212.322.3265.521.016.4

Competes with: Bharat Forge Limited, Bosch Limited, Samvardhana Motherson International Limited, Schaeffler India Limited, Sona BLW Precision Forgings Limited, Tube Investments of India Limited, UNO Minda Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7167527668568378778489889631,0171,0231,4561,474
Expenses5705946046796726996777787688098171,1881,216
Material Cost397410421447714763
Change in Inventories7.82-254.90-1211-34
Purchases of Stock-in-Trade262121202424
Employee Cost132142140135158169
Other Expenses215220222227280296
Operating Profit146158161177165178170210195207206268258
OPM %20212121202020212020201818
Other Income1923192426302727282682325
Exceptional items (within Other Income)000-25-1.900
Interest6789998898123334
Depreciation23222934303131283233335253
Profit before tax136151143158154168159201183192169206195
Tax %26252526242524252626262324
Net Profit101113108116117126121152135142126159148
EPS in Rs23262427262827333032283533
Diluted EPS in Rs333032283533

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2441,3931,4631,7291,9551,6071,5972,0652,6093,0893,5504,4594,970
Expenses1,0541,1611,2071,4361,6601,4251,3811,7602,1492,4472,8263,5834,031
Material Cost1,4361,992
Change in Inventories-34-21
Purchases of Stock-in-Trade8686
Employee Cost514576
Other Expenses824949
Operating Profit190232255293295182216304460642724876939
OPM %15171717151114151821202019
Other Income171826242220192947851118582
Exceptional items (within Other Income)0-27
Interest32262016141213111930346287
Depreciation969390909410310310295108120149170
Profit before tax7913117121120986120220393589682751763
Tax %283031343415262625262425
Net Profit57921181391387389164294439516561575
EPS in Rs132126313116203767100115125128
Diluted EPS in Rs115125
Dividend Payout %1410131616181513111098

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
12%
5 years
23%
3 years
20%
TTM
35%

Compounded profit growth

10 years
20%
5 years
45%
3 years
25%
TTM
11%

Stock price CAGR

10 years
—
5 years
56%
3 years
65%
1 year
61%

Return on equity

10 years
18%
5 years
21%
3 years
23%
Last year
21%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222222222222222222444444
Reserves5856737728911,0041,0481,1261,2331,5051,8822,3502,857
Borrowings310289226179971351461573334875081,968
Other Liabilities2723083343984453524094385127238211,273
Minority Interest104117
Total Liabilities1,1891,2921,3541,4911,5681,5581,7041,8502,3733,1363,7236,142
Fixed Assets6675975775556137417036897339341,2032,976
CWIP469111719865315896
Investments01882066134327211536135
Other Assets5186727609049347379591,1241,5632,0562,4252,935
Total Assets1,1891,2921,3541,4911,5681,5581,7041,8502,3733,1363,7236,142

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity129255183175157297190219395487434625
Cash from Investing Activity-45-67-55-65-157-214-10-56-209-422-385-1,815
Cash from Financing Activity-111-113-89-88-61-111-28-9153-42-611,252
Net Cash Flow-27753921-62-281527224023-1163
Free Cash Flow85205111104-18126145158273340266437

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days635859686654746355566068
Inventory Days196175213190184182175155113114116111
Days Payable129157185178144144184142115104101121
Cash Conversion Cycle13075878010792657553667558
Working Capital Days44363841644444442721291
ROCE %12161921208111725282621

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 31 Aug 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Aug 2026
Promoters474747444444444444444442
FIIs1.071.351.994.274.505.305.885.996.627.658.218.39
DIIs131312131313131313131216
Public393939393938373736363634
No. of Shareholders22,62736,29240,41947,01346,34843,80846,03951,29049,22649,52054,99858,035

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +60.4% (₹2,661.80 → ₹4,270.40)Brick size ₹171.42 (fixed)Bricks 25
₹3,000₹4,000₹4,270Jan '26Apr '26Jul '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹4,270.40 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

15.45

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

808inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

92,15,051inr

2026-03-31

News

News and filings about Shriram Pistons & Rings Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • alloy steel
  • aluminium alloy ingots
  • chromium / chrome-plating inputs
  • engineering plastics (Takahata/TGPEL injection moulding)
  • grey/alloyed/SG cast iron
  • imported hollow tubes for gasoline piston pins
  • molybdenum coating material
  • packing material

Depends on the price of

  • aluminium
  • steel

Exports to

  • Germany
  • Italy
  • Japan
  • United Kingdom
  • United States

Sells to

Supplies parts to

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Automobile and Auto Components
Industry
Auto Components & Equipments
Classification
Automobile and Auto Components › Auto Components & Equipments
ISIN
INE526E01018

Plants

  • SPR EMF Innovations Pvt. Ltd. · Neelambur, Coimbatore, Tamil Nadu
  • SPR Engenious Limited, Smart Industrial Park, Pithampur · Pithampur, Dhar district, Madhya Pradesh
  • SPR Takahata Precision India Pvt. Ltd. · Neemrana, Rajasthan
  • Shriram Pistons & Rings Ltd., Industrial Area, Bulandshahr Road · Ghaziabad, Uttar Pradesh
  • Shriram Pistons & Rings Ltd., Industrial Area, Meerut Road · Ghaziabad, Uttar Pradesh
  • Shriram Pistons & Rings Ltd., RIICO Industrial Area, Pathredi · Pathredi / Alwar district, Rajasthan
  • TGPEL Precision Engineering, Sector 68

News impact

Big market events that reach Shriram Pistons & Rings Limited, and how the effect spreads.

Who it hits first

  • Escorts Kubota, a tractor maker, sold 16.7% fewer tractors this September than a year ago and its shares fell 6%.
  • V.S.T Tillers Tractors, a maker of small tractors and tillers, grew total sales 33% and its shares rose 5%.
  • Escorts blamed a high year-ago base, a shifted festival calendar, patchy monsoon and lower Kharif crop sowing for the miss.
  • Fellow tractor maker Mahindra & Mahindra has no fundamentals row in the pack so it gets no signal here despite the clear sector read-through.

Who may gain

  • V.S.T Tillers Tractors (small tractors and tillers): September sales up 33%, shares up 5%.
  • Village dealers stocking VST machines: roughly a third more units moving this September.
  • Farmers buying small machines ahead of festivals: stronger supply and choice from VST's volume jump.

Along the supply chain

Downstream

No listed downstream buyers in the pack — both firms sell through dealers to farmers — so Escorts dealers absorb a weak September while VST dealers move a third more machines, with festive buying deciding October.

Upstream

Makers feeding Escorts Kubota — including Tube Investments of India, Sona BLW Precision Forgings, Craftsman Automation, Shriram Pistons & Rings and Minda Corporation, all listed as its suppliers — face softer near-term orders after the 16.7% volume drop; VST Tillers' four listed suppliers see firmer orders on its 33% jump.

Where demand moves

Business

Farm demand for tractors split: buyers skipped Escorts Kubota's lineup in September (volumes down 16.7% on weak monsoon and sowing) but bought far more VST small tractors and tillers (up 33%), so real product demand moved toward smaller machines.

Capital

Investor money rotated the same way — selling Escorts shares down 6% and buying VST up 5% — while Escorts' parts suppliers face thinner near-term orders and VST's small supplier chain sees firmer ones.

How it spreads across sectors

Automobile and Auto Components

Mixed: Escorts-linked parts makers face softer near-term orders while VST's chain firms; car, bike and bus makers are unaffected.

Capital Goods

Split verdict: Escorts Kubota weak on the 16.7% miss, VST Tillers strong on +33%; both sit in this sector per the data.

FMCG

Watch rural demand: the patchy monsoon and weak Kharif sowing behind Escorts' miss can also dent village spending on daily goods.

A pattern seen before

Cascade chain

  • Patchy monsoon + lower Kharif sowing → softer September tractor demand (Escorts -16.7%)
  • Festival-calendar shift + high year-ago base → magnify the miss; shares -6%
  • Small-machine demand holds → VST Tillers +33% volumes, +5% shares
  • Festive buying + rural liquidity → October volumes decide the wider auto read-through

Pattern name

Monsoon Cascade

Patterns

  • Monsoon Cascade

Sectors queried

  • FMCG

When it plays out

Immediate

Escorts shares stay soft and VST firm for a few days as the 16.7% miss and 33% beat sink in; Escorts parts suppliers trim dispatches.

Medium term

Rabi sowing, rural cash and liquidity decide tractor demand into early 2027; brokerages' auto-volume view hinges on this recovery.

Short term

Festive buying and October sales show whether Escorts rebounds or monsoon-driven weakness lingers; VST confirms whether +33% was real demand or dealer stocking.

1 Oct, 10:50 IST · Market event · high impact

M&M Share Price Falls 4%, Hits 52-Week Low As Tractor Sales Miss Estimates

M&M's September tractors missed estimates, knocking the stock 4% down to a 52-week low despite 15% overall auto growth, pressuring its financier and farm suppliers while car and two-wheeler peers barely budge.

Automobile and Auto Components

Who it hits first

  • M&M sold 1,14,874 vehicles in September, up 15% on the year, but tractor sales missed estimates.
  • The stock fell 4% to a 52-week low as the farm-side miss overshadowed the strong auto print.
  • Tractor-finance growth at Mahindra Finance cools alongside the slower tractor billings.

Who may gain

  • Rival tractor makers, but only if M&M's miss is share loss rather than weak demand; the pack does not say which
  • Bargain hunters in M&M, getting the SUV franchise cheaper on a farm-side wobble
  • No direct winner: a demand miss helps nobody outright

Along the supply chain

Downstream

Tractor dealers carry the miss directly: fewer machines billed means thinner commissions until festive buying picks up.

Upstream

Parts suppliers face slightly thinner tractor-linked orders, with piston, forging and hydraulics shops feeling it first, though strong SUV volumes offset most of it.

Where demand moves

Business

Farm buyers held back on tractors: weak rural demand shows up first in big-ticket farm machines.

Capital

Auto investors rotate away from farm exposure; M&M slides 4% to its yearly low while money waits for festive-season volumes.

How it spreads across sectors

Automobile and Auto Components

Negative tilt for farm-exposed names; car and two-wheeler demand reads as soft only at the rural margin.

Financial Services

Mildly negative for rural lenders as tractor-loan growth cools for a month.

When it plays out

Immediate

M&M stays heavy for 1-7 days as the miss sinks in; suppliers drift with it.

Medium term

Over 1-6 months a rural recovery heals volumes; a second straight miss would force estimate cuts.

Short term

Over 1-4 weeks festive-season tractor bookings decide whether this was a blip or a trend.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

20 Jul 2026unspecified₹5
6 Feb 2026interim₹5
25 Jul 2025unspecified₹5
7 Feb 2025interim₹5
16 Jul 2024unspecified₹5
9 Feb 2024interim₹5
24 Jul 2023bonus₹0
23 Jun 2023unspecified₹5

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 2, delete 1, insert 6), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.