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Shriram Pistons & Rings Ltd.
(SHRIPISTON)
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Rating:67Neutral
Price Target:
₹5,150.00
▲(23.80% Upside)
Action:Reiterated
Date:07/02/26
The score is driven mainly by solid fundamentals (strong growth and positive free cash flow), offset by higher balance-sheet risk from the recent debt increase. Technically the trend is strong but appears overbought, and valuation is a headwind due to a high P/E and minimal dividend yield.
Positive Factors
Strong Revenue Growth
Strong multi-period revenue expansion indicates increasing demand and market penetration across the company’s engine-component portfolio. Continued growth can support operating scale, customer development and improved absorption of manufacturing costs over the next several quarters.
Negative Factors
Higher Financial Leverage
The material increase in debt raises fixed financial commitments and reduces balance-sheet flexibility. Higher leverage can constrain investment choices and make the company more vulnerable if automotive demand weakens or expansion projects take longer to generate returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Strong multi-period revenue expansion indicates increasing demand and market penetration across the company’s engine-component portfolio. Continued growth can support operating scale, customer development and improved absorption of manufacturing costs over the next several quarters.
Read all positive factors
Shriram Pistons & Rings Ltd. (SHRIPISTON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹210.45B
Dividend Yield0.22%
Average Volume (3M)71.12K
Price to Earnings (P/E)35.6
Beta (1Y)1.37
Revenue Growth35.20%
EPS Growth7.37%
CountryIN
Employees3,827
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)127.93
Shares Outstanding46,386,272
10 Day Avg. Volume92,709
30 Day Avg. Volume71,123
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)₹63.81B
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
Shriram Pistons & Rings Ltd. makes money by manufacturing and selling engine and powertrain components, with revenue predominantly derived from the sale of pistons, piston rings, cylinder liners, and allied precision components. Its key revenue st...
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 | 49.70B | 44.59B | 34.98B | 30.43B | 25.64B | 20.23B |
| Gross Profit | 19.61B | 16.77B | 17.06B | 15.14B | 12.14B | 10.25B |
| EBITDA | 9.96B | 9.61B | 8.35B | 7.27B | 5.07B | 3.33B |
| Net Income | 5.64B | 5.53B | 5.07B | 4.43B | 2.93B | 1.64B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 61.53B | 37.29B | 31.38B | 23.75B | 18.50B |
| Cash, Cash Equivalents and Short-Term Investments | 10.30B | 11.60B | 9.70B | 8.75B | 6.82B | 3.66B |
| Total Debt | 0.00 | 19.68B | 5.08B | 4.87B | 3.33B | 1.57B |
| Total Liabilities | -30.18B | 31.34B | 12.32B | 11.18B | 8.34B | 5.95B |
| Stockholders Equity | 30.18B | 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
4159.90
Price Trends
4378.08
Positive
3947.59
Positive
3463.91
Positive
Market Momentum
69.25
Positive
53.63
Neutral
38.82
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 4159.9 is below the 20-day moving average (MA) of 4537.77, below the 50-day MA of 4378.08, and above the 200-day MA of 3463.91, indicating a neutral trend. The MACD of 69.25 indicates Positive momentum. The RSI at 53.63 is Neutral, neither overbought nor oversold. The STOCH value of 38.82 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ₹490.38B | 70.45 | ― | 0.43% | 39.56% | 17.82% | |
76 Outperform | ₹27.89B | 16.38 | ― | 18.75% | 8.80% | 0.63% | |
72 Outperform | ₹43.36B | 29.45 | ― | 2.54% | 14.37% | 70.31% | |
67 Neutral | ₹210.45B | 35.64 | ― | 0.22% | 35.20% | 7.37% | |
66 Neutral | ₹945.66B | 132.43 | ― | 0.44% | 17.54% | -31.63% | |
56 Neutral | ₹11.79B | 28.86 | ― | 0.81% | -4.88% | -33.32% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:SHRIPISTON
Shriram Pistons & Rings Ltd.
4,491.50
1,819.32
68.08%
IN:BHARATFORG
Bharat Forge Ltd
1,951.00
753.36
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IN:FMGOETZE
Federal-Mogul Goetze (India) Limited
482.00
-2.55
-0.53%
IN:NRBBEARING
NRB Bearings Ltd.
482.75
210.59
77.38%
IN:PRECAM
Precision Camshafts Ltd.
124.05
-94.39
-43.21%
IN:SONACOMS
Sona BLW Precision Forgings Ltd.
788.50
336.29
74.37%
Shriram Pistons & Rings Ltd. Corporate Events
SPR Auto Technologies Closes Qualified Institutions Placement to Bolster Capital Base
Aug 20, 2026
SPR Auto Technologies Limited has closed its qualified institutions placement of equity shares, marking a capital‑raising move targeted at eligible qualified institutional buyers under SEBI’s ICDR Regulations and the Companies Act. The...
SPR Auto Technologies schedules investor meetings in early August 2026
Aug 6, 2026
SPR Auto Technologies Limited has announced a schedule of one-on-one and group meetings with a range of institutional investors and mutual funds, including Azlin Consultants, Amansa, Bajaj Life, Axis MF, DSP MF, HSBC MF and others, to be held betw...
SPR Auto Technologies Urges Physical Shareholders to Update KYC Under SEBI Rules
Jul 14, 2026
SPR Auto Technologies Limited has reminded shareholders holding physical securities to update their PAN, KYC, bank account details and specimen signatures in line with a SEBI master circular. The company has circulated letters and made the require...
SPR Auto Technologies Dispatches FY 2025-26 Annual Report, Sets Date for 62nd AGM
Jul 4, 2026
SPR Auto Technologies Limited has announced that it has dispatched its Annual Report for FY 2025-26 along with the notice of its 62nd Annual General Meeting, which will be held on July 27, 2026 at 4:00 p.m. IST via video conferencing and other aud...
SPR Auto Technologies sets July 27 date for 62nd AGM, proposes final dividend
Jul 3, 2026
SPR Auto Technologies Limited has convened its 62nd Annual General Meeting for July 27, 2026, to be conducted via video conferencing with its New Delhi registered office as the deemed venue. Shareholders will consider adoption of the audited stand...
SPR Auto Technologies files FY26 sustainability report, bolsters ESG transparency
Jul 3, 2026
SPR Auto Technologies Limited has submitted its Business Responsibility and Sustainability Report for the financial year 2025-26 in compliance with SEBI’s Listing Obligations and Disclosure Requirements. The report, prepared on a standalone ...
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...
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.