Want to see IN:SHRIPISTON full AI Analyst Report?
Top Page
Shriram Pistons & Rings Ltd.
(SHRIPISTON)
Select Model
Select Model
Rating:66Neutral
Price Target:
₹4,850.00
▲(16.59% Upside)
Action:Reiterated
Date:10/02/26
The score is driven primarily by solid financial performance (strong growth, healthy profitability, and positive free cash flow), tempered by a meaningful recent rise in leverage that increases balance-sheet risk. Technicals are moderately supportive due to strength versus longer-term moving averages, while valuation is a notable drag given the high P/E and low dividend yield.
Positive Factors
Strong Revenue Growth
Strong multi-year revenue growth indicates expanding demand for the company’s engine and powertrain components. Continued top-line momentum can support operating scale, strengthen customer relationships, and provide a durable base for reinvestment over the next several quarters.
Negative Factors
Higher Leverage
The sharp increase in debt and debt-to-equity has materially raised balance-sheet risk compared with prior years. Higher leverage can constrain financial flexibility, increase repayment pressure, and limit the company’s ability to fund growth internally if conditions weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Strong multi-year revenue growth indicates expanding demand for the company’s engine and powertrain components. Continued top-line momentum can support operating scale, strengthen customer relationships, and provide a durable base for reinvestment over the next several quarters.
Read all positive factors
Shriram Pistons & Rings Ltd. (SHRIPISTON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹204.04B
Dividend Yield0.23%
Average Volume (3M)87.32K
Price to Earnings (P/E)34.4
Beta (1Y)1.45
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. Volume118,407
30 Day Avg. Volume87,316
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 Target
₹6,150.00Price Target Upside47.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
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
Neutral
4159.90
Price Trends
4486.53
Negative
4135.89
Positive
3639.37
Positive
Market Momentum
13.47
Positive
44.97
Neutral
17.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHRIPISTON, the sentiment is Neutral. The current price of 4159.9 is below the 20-day moving average (MA) of 4496.16, below the 50-day MA of 4486.53, and above the 200-day MA of 3639.37, indicating a neutral trend. The MACD of 13.47 indicates Positive momentum. The RSI at 44.97 is Neutral, neither overbought nor oversold. The STOCH value of 17.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | ₹495.87B | 73.21 | ― | 0.42% | 39.56% | 17.82% | |
76 Outperform | ₹24.57B | 14.60 | ― | 1.70% | 8.80% | 0.63% | |
72 Outperform | ₹51.97B | 35.30 | ― | 2.29% | 14.37% | 70.31% | |
66 Neutral | ₹204.04B | 34.43 | ― | 0.23% | 35.20% | 7.37% | |
63 Neutral | ₹894.61B | 127.29 | ― | 0.45% | 17.54% | -31.63% | |
56 Neutral | ₹10.30B | 26.28 | ― | 0.88% | -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.
4,405.00
1,698.32
62.75%
IN:BHARATFORG
Bharat Forge Ltd
1,880.00
669.06
55.25%
IN:FMGOETZE
Federal-Mogul Goetze (India) Limited
448.70
22.96
5.39%
IN:NRBBEARING
NRB Bearings Ltd.
536.25
264.00
96.97%
IN:PRECAM
Precision Camshafts Ltd.
113.60
-83.79
-42.45%
IN:SONACOMS
Sona BLW Precision Forgings Ltd.
814.10
402.24
97.66%
Shriram Pistons & Rings Ltd. Corporate Events
SPR Auto Technologies Closes Trading Window Ahead of September Quarter Results
Sep 24, 2026
SPR Auto Technologies Limited has notified the exchanges that its trading window for dealing in company securities will be closed from October 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and its internal code of c...
SPR Auto Technologies Seeks Shareholder Nod for New Director Via E-Voting
Sep 22, 2026
SPR Auto Technologies Limited has circulated a postal ballot notice to shareholders, seeking approval for the appointment of Arun Kumar Shukla as a director for a five-year term from August 4, 2026, to August 3, 2031. The move reflects the company...
SPR Auto Technologies Invests in Sunsure Solarpark for Captive Solar Power
Aug 25, 2026
SPR Auto Technologies Limited has agreed to invest up to ₹6 crore in Sunsure Solarpark Forty Private Limited, a renewable energy firm in the power generation industry, through a subscription to equity shares representing about 23.21% of its ...
SPR Auto Technologies Invests in Captive Solar Project to Power Rajasthan Plant
Aug 25, 2026
SPR Auto Technologies Limited, formerly Shriram Pistons Rings Limited, operates in the automotive components industry, producing pistons, rings and related engine parts for manufacturers. Its manufacturing base includes a major facility at Pathre...
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 ...
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.