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Last Updated on: 06 September, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: | NSE:

Shriram Pistons & Rings Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: September 5, 2025, 5:19 pm

Market Cap 11,327 Cr.
Current Price 2,570
High / Low 2,685/1,556
Stock P/E21.6
Book Value 543
Dividend Yield0.39 %
ROCE25.7 %
ROE23.2 %
Face Value 10.0
PEG Ratio0.51

Quick Insight

Shriram Pistons & Rings Ltd, with a market capitalization of ₹11,312 Cr. and a share price of ₹2,568, presents an intriguing investment opportunity in the auto ancillary – engine parts sector. The company boasts a healthy P/E ratio of 21.6, indicating potential for growth, supported by a robust ROE of 23.2% and ROCE of 25.7%. With an OPM of 20% and a net profit of ₹516 Cr., Shriram Pistons & Rings demonstrates operational efficiency and profitability. Furthermore, the company's strong reserves of ₹2,350 Cr. and low borrowings of ₹508 Cr. underscore its financial stability. Investors may find value in the stock given its attractive P/BV of 3.47x and solid ICR of 24.33x, suggesting a sound financial position.

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Shriram Pistons & Rings Ltd

Competitors of Shriram Pistons & Rings Ltd

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
IP Rings Ltd 195 Cr. 154 240/108 80.00.00 %3.08 %4.14 % 10.0
Talbros Automotive Components Ltd 1,694 Cr. 276 356/20017.6 1020.25 %19.3 %15.9 % 2.00
Sundram Fasteners Ltd 21,314 Cr. 1,014 1,498/83139.1 1810.71 %17.1 %14.9 % 1.00
Sintercom India Ltd 336 Cr. 122 186/110395 36.90.00 %4.53 %0.66 % 10.0
Shriram Pistons & Rings Ltd 11,327 Cr. 2,570 2,685/1,55621.6 5430.39 %25.7 %23.2 % 10.0
Industry Average14,119.50 Cr3,918.2864.19538.220.76%16.34%14.27%7.25

All Competitor Stocks of Shriram Pistons & Rings Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 620652636701716752766856837876848988963
Expenses 526537519566570594604679672699677778768
Operating Profit 94115117135146158161177165178171210195
OPM % 15%18%18%19%20%21%21%21%20%20%20%21%20%
Other Income 7121216192319242630272728
Interest 3556678999889
Depreciation 24242324232229343031312832
Profit before tax 7398100121136151143158154168159201183
Tax % 26%25%25%25%26%25%25%26%24%25%24%25%26%
Net Profit 55737591101113108116117126121152135
EPS in Rs 12.4216.5917.0120.6723.1725.8024.3727.1526.2228.3227.2233.2630.35

Last Updated: August 20, 2025, 3:40 am

Below is a detailed analysis of the quarterly data for Shriram Pistons & Rings Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

  • For Sales, as of Jun 2025, the value is 963.00 Cr.. The value appears to be declining and may need further review. It has decreased from 988.00 Cr. (Mar 2025) to 963.00 Cr., marking a decrease of 25.00 Cr..
  • For Expenses, as of Jun 2025, the value is 768.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 778.00 Cr. (Mar 2025) to 768.00 Cr., marking a decrease of 10.00 Cr..
  • For Operating Profit, as of Jun 2025, the value is 195.00 Cr.. The value appears to be declining and may need further review. It has decreased from 210.00 Cr. (Mar 2025) to 195.00 Cr., marking a decrease of 15.00 Cr..
  • For OPM %, as of Jun 2025, the value is 20.00%. The value appears to be declining and may need further review. It has decreased from 21.00% (Mar 2025) to 20.00%, marking a decrease of 1.00%.
  • For Other Income, as of Jun 2025, the value is 28.00 Cr.. The value appears strong and on an upward trend. It has increased from 27.00 Cr. (Mar 2025) to 28.00 Cr., marking an increase of 1.00 Cr..
  • For Interest, as of Jun 2025, the value is 9.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 8.00 Cr. (Mar 2025) to 9.00 Cr., marking an increase of 1.00 Cr..
  • For Depreciation, as of Jun 2025, the value is 32.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 28.00 Cr. (Mar 2025) to 32.00 Cr., marking an increase of 4.00 Cr..
  • For Profit before tax, as of Jun 2025, the value is 183.00 Cr.. The value appears to be declining and may need further review. It has decreased from 201.00 Cr. (Mar 2025) to 183.00 Cr., marking a decrease of 18.00 Cr..
  • For Tax %, as of Jun 2025, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Mar 2025) to 26.00%, marking an increase of 1.00%.
  • For Net Profit, as of Jun 2025, the value is 135.00 Cr.. The value appears to be declining and may need further review. It has decreased from 152.00 Cr. (Mar 2025) to 135.00 Cr., marking a decrease of 17.00 Cr..
  • For EPS in Rs, as of Jun 2025, the value is 30.35. The value appears to be declining and may need further review. It has decreased from 33.26 (Mar 2025) to 30.35, marking a decrease of 2.91.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 5:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales 1,1701,2441,3931,4631,7291,9551,6071,5972,0652,6093,0893,550
Expenses 9401,0541,1611,2071,4361,6601,4251,3811,7602,1492,4472,826
Operating Profit 229190232255293295182216304460642724
OPM % 20%15%17%17%17%15%11%14%15%18%21%20%
Other Income 1017182624222019294785111
Interest 383226201614121311193034
Depreciation 101969390909410310310295108120
Profit before tax 1017913117121120986120220393589682
Tax % 31%28%30%31%34%34%15%26%26%25%26%24%
Net Profit 7057921181391387389164294439516
EPS in Rs 15.5812.8220.5026.4231.0730.9716.3419.8537.1866.70100.47115.02
Dividend Payout % 11%14%10%13%16%16%18%15%13%11%10%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-18.57%61.40%28.26%17.80%-0.72%-47.10%21.92%84.27%79.27%49.32%17.54%
Change in YoY Net Profit Growth (%)0.00%79.97%-33.14%-10.46%-18.52%-46.38%69.02%62.35%-5.00%-29.95%-31.78%

Shriram Pistons & Rings Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:17%
3 Years:20%
TTM:15%
Compounded Profit Growth
10 Years:24%
5 Years:48%
3 Years:46%
TTM:15%
Stock Price CAGR
10 Years:%
5 Years:56%
3 Years:86%
1 Year:17%
Return on Equity
10 Years:17%
5 Years:20%
3 Years:23%
Last Year:23%

Last Updated: September 5, 2025, 1:31 pm

Balance Sheet

Last Updated: July 25, 2025, 2:21 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 222222222222222222224444
Reserves 5385856737728911,0041,0481,1261,2331,5051,8822,350
Borrowings 38131028922617997135146157333487508
Other Liabilities 253272308334398445352409438551723821
Total Liabilities 1,1941,1891,2921,3541,4911,5681,5581,7041,8502,4123,1363,723
Fixed Assets 7136675975775556137417036897729341,203
CWIP 94691117198653158
Investments 001882066134327211536
Other Assets 4725186727609049347379591,1241,5632,0562,425
Total Assets 1,1941,1891,2921,3541,4911,5681,5581,7041,8502,4123,1363,723

Below is a detailed analysis of the balance sheet data for Shriram Pistons & Rings Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Mar 2025, the value is 44.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 44.00 Cr..
  • For Reserves, as of Mar 2025, the value is 2,350.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,882.00 Cr. (Mar 2024) to 2,350.00 Cr., marking an increase of 468.00 Cr..
  • For Borrowings, as of Mar 2025, the value is 508.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 487.00 Cr. (Mar 2024) to 508.00 Cr., marking an increase of 21.00 Cr..
  • For Other Liabilities, as of Mar 2025, the value is 821.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 723.00 Cr. (Mar 2024) to 821.00 Cr., marking an increase of 98.00 Cr..
  • For Total Liabilities, as of Mar 2025, the value is 3,723.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,136.00 Cr. (Mar 2024) to 3,723.00 Cr., marking an increase of 587.00 Cr..
  • For Fixed Assets, as of Mar 2025, the value is 1,203.00 Cr.. The value appears strong and on an upward trend. It has increased from 934.00 Cr. (Mar 2024) to 1,203.00 Cr., marking an increase of 269.00 Cr..
  • For CWIP, as of Mar 2025, the value is 58.00 Cr.. The value appears strong and on an upward trend. It has increased from 31.00 Cr. (Mar 2024) to 58.00 Cr., marking an increase of 27.00 Cr..
  • For Investments, as of Mar 2025, the value is 36.00 Cr.. The value appears to be declining and may need further review. It has decreased from 115.00 Cr. (Mar 2024) to 36.00 Cr., marking a decrease of 79.00 Cr..
  • For Other Assets, as of Mar 2025, the value is 2,425.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,056.00 Cr. (Mar 2024) to 2,425.00 Cr., marking an increase of 369.00 Cr..
  • For Total Assets, as of Mar 2025, the value is 3,723.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,136.00 Cr. (Mar 2024) to 3,723.00 Cr., marking an increase of 587.00 Cr..

Notably, the Reserves (2,350.00 Cr.) exceed the Borrowings (508.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +180129255183175157297190219395487434
Cash from Investing Activity +-65-45-67-55-65-157-214-10-56-476-422-385
Cash from Financing Activity +-101-111-113-89-88-61-111-28-9193-42-61
Net Cash Flow14-27753921-62-28152721223-11

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-152.00-120.00-57.0029.00114.00198.0047.0070.00147.00127.00155.00216.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days566358596866547463555660
Inventory Days197196175213190184182175155113114116
Days Payable14912915718517814414418414297104101
Cash Conversion Cycle104130758780107926575716675
Working Capital Days334436384164444444272129
ROCE %15%12%16%19%21%20%8%11%17%24%28%26%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters46.75%46.75%46.75%46.75%46.75%46.75%46.75%46.75%43.75%43.75%43.75%43.75%
FIIs0.00%0.00%0.00%0.03%0.08%1.07%1.35%1.99%4.27%4.50%5.30%5.88%
DIIs10.17%10.11%10.05%9.59%9.29%13.07%12.55%11.80%12.74%13.06%13.15%13.34%
Public43.08%43.14%43.20%43.63%43.88%39.11%39.35%39.46%39.24%38.69%37.78%37.02%
No. of Shareholders2,4822,6163,0434,6728,21822,62736,29240,41947,01346,34843,80846,039

Shareholding Pattern Chart

No. of Shareholders

Shriram Pistons & Rings Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
DSP Small Cap Fund 553,533 0.72 119.98553,5332025-04-22 15:56:530%
Groww ELSS Tax Saver Fund 3,889 1.65 0.843,8892025-04-22 13:36:340%
Groww Value Fund 3,595 1.77 0.783,5952025-04-22 17:25:200%
Groww Nifty Total Market Index Fund 164 0.01 0.041642025-04-22 17:25:200%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 115.02100.47133.4374.2639.67
Diluted EPS (Rs.) 115.02100.47133.4374.2639.67
Cash EPS (Rs.) 144.21124.03176.43120.6085.50
Book Value[Excl.RevalReserv]/Share (Rs.) 543.40455.83695.48565.40508.79
Book Value[Incl.RevalReserv]/Share (Rs.) 543.40458.04699.90569.82513.14
Revenue From Operations / Share (Rs.) 805.86701.321184.71937.42713.56
PBDIT / Share (Rs.) 189.71165.11230.20151.50105.07
PBIT / Share (Rs.) 162.54140.66187.20105.1759.23
PBT / Share (Rs.) 154.75133.74178.4499.9853.62
Net Profit / Share (Rs.) 117.0499.58133.4374.2639.66
NP After MI And SOA / Share (Rs.) 115.02100.47133.2474.2639.66
PBDIT Margin (%) 23.5423.5419.4316.1614.72
PBIT Margin (%) 20.1720.0515.8011.218.30
PBT Margin (%) 19.2019.0615.0610.667.51
Net Profit Margin (%) 14.5214.1911.267.925.55
NP After MI And SOA Margin (%) 14.2714.3211.247.925.55
Return on Networth / Equity (%) 21.1623.1319.3313.137.79
Return on Capital Employeed (%) 25.5026.5523.2116.8610.48
Return On Assets (%) 13.5814.1012.358.845.20
Long Term Debt / Equity (X) 0.070.100.090.030.04
Total Debt / Equity (X) 0.190.230.190.100.08
Asset Turnover Ratio (%) 1.031.121.241.160.97
Current Ratio (X) 2.482.432.512.312.10
Quick Ratio (X) 1.961.951.941.611.47
Inventory Turnover Ratio (X) 3.333.202.972.521.79
Dividend Payout Ratio (NP) (%) 0.007.4610.508.0715.12
Dividend Payout Ratio (CP) (%) 0.006.007.944.977.01
Earning Retention Ratio (%) 0.0092.5489.5091.9384.88
Cash Earning Retention Ratio (%) 0.0094.0092.0695.0392.99
Interest Coverage Ratio (X) 24.3323.8826.2829.2118.71
Interest Coverage Ratio (Post Tax) (X) 16.0115.4016.2315.328.06
Enterprise Value (Cr.) 7845.828324.481884.071334.911625.85
EV / Net Operating Revenue (X) 2.212.690.720.641.02
EV / EBITDA (X) 9.3911.453.724.006.92
MarketCap / Net Operating Revenue (X) 2.342.800.850.751.12
Retention Ratios (%) 0.0092.5389.4991.9284.87
Price / BV (X) 3.474.511.461.251.56
Price / Net Operating Revenue (X) 2.342.800.850.751.12
EarningsYield 0.060.050.130.100.04

After reviewing the key financial ratios for Shriram Pistons & Rings Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 115.02. This value is within the healthy range. It has increased from 100.47 (Mar 24) to 115.02, marking an increase of 14.55.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 115.02. This value is within the healthy range. It has increased from 100.47 (Mar 24) to 115.02, marking an increase of 14.55.
  • For Cash EPS (Rs.), as of Mar 25, the value is 144.21. This value is within the healthy range. It has increased from 124.03 (Mar 24) to 144.21, marking an increase of 20.18.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 543.40. It has increased from 455.83 (Mar 24) to 543.40, marking an increase of 87.57.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 543.40. It has increased from 458.04 (Mar 24) to 543.40, marking an increase of 85.36.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 805.86. It has increased from 701.32 (Mar 24) to 805.86, marking an increase of 104.54.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 189.71. This value is within the healthy range. It has increased from 165.11 (Mar 24) to 189.71, marking an increase of 24.60.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 162.54. This value is within the healthy range. It has increased from 140.66 (Mar 24) to 162.54, marking an increase of 21.88.
  • For PBT / Share (Rs.), as of Mar 25, the value is 154.75. This value is within the healthy range. It has increased from 133.74 (Mar 24) to 154.75, marking an increase of 21.01.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 117.04. This value is within the healthy range. It has increased from 99.58 (Mar 24) to 117.04, marking an increase of 17.46.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 115.02. This value is within the healthy range. It has increased from 100.47 (Mar 24) to 115.02, marking an increase of 14.55.
  • For PBDIT Margin (%), as of Mar 25, the value is 23.54. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 23.54.
  • For PBIT Margin (%), as of Mar 25, the value is 20.17. This value exceeds the healthy maximum of 20. It has increased from 20.05 (Mar 24) to 20.17, marking an increase of 0.12.
  • For PBT Margin (%), as of Mar 25, the value is 19.20. This value is within the healthy range. It has increased from 19.06 (Mar 24) to 19.20, marking an increase of 0.14.
  • For Net Profit Margin (%), as of Mar 25, the value is 14.52. This value exceeds the healthy maximum of 10. It has increased from 14.19 (Mar 24) to 14.52, marking an increase of 0.33.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 14.27. This value is within the healthy range. It has decreased from 14.32 (Mar 24) to 14.27, marking a decrease of 0.05.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 21.16. This value is within the healthy range. It has decreased from 23.13 (Mar 24) to 21.16, marking a decrease of 1.97.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 25.50. This value is within the healthy range. It has decreased from 26.55 (Mar 24) to 25.50, marking a decrease of 1.05.
  • For Return On Assets (%), as of Mar 25, the value is 13.58. This value is within the healthy range. It has decreased from 14.10 (Mar 24) to 13.58, marking a decrease of 0.52.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.07. This value is below the healthy minimum of 0.2. It has decreased from 0.10 (Mar 24) to 0.07, marking a decrease of 0.03.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.19. This value is within the healthy range. It has decreased from 0.23 (Mar 24) to 0.19, marking a decrease of 0.04.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.03. It has decreased from 1.12 (Mar 24) to 1.03, marking a decrease of 0.09.
  • For Current Ratio (X), as of Mar 25, the value is 2.48. This value is within the healthy range. It has increased from 2.43 (Mar 24) to 2.48, marking an increase of 0.05.
  • For Quick Ratio (X), as of Mar 25, the value is 1.96. This value is within the healthy range. It has increased from 1.95 (Mar 24) to 1.96, marking an increase of 0.01.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 3.33. This value is below the healthy minimum of 4. It has increased from 3.20 (Mar 24) to 3.33, marking an increase of 0.13.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 7.46 (Mar 24) to 0.00, marking a decrease of 7.46.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 6.00 (Mar 24) to 0.00, marking a decrease of 6.00.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 92.54 (Mar 24) to 0.00, marking a decrease of 92.54.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 94.00 (Mar 24) to 0.00, marking a decrease of 94.00.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 24.33. This value is within the healthy range. It has increased from 23.88 (Mar 24) to 24.33, marking an increase of 0.45.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 16.01. This value is within the healthy range. It has increased from 15.40 (Mar 24) to 16.01, marking an increase of 0.61.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 7,845.82. It has decreased from 8,324.48 (Mar 24) to 7,845.82, marking a decrease of 478.66.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.21. This value is within the healthy range. It has decreased from 2.69 (Mar 24) to 2.21, marking a decrease of 0.48.
  • For EV / EBITDA (X), as of Mar 25, the value is 9.39. This value is within the healthy range. It has decreased from 11.45 (Mar 24) to 9.39, marking a decrease of 2.06.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.34. This value is within the healthy range. It has decreased from 2.80 (Mar 24) to 2.34, marking a decrease of 0.46.
  • For Retention Ratios (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 30. It has decreased from 92.53 (Mar 24) to 0.00, marking a decrease of 92.53.
  • For Price / BV (X), as of Mar 25, the value is 3.47. This value exceeds the healthy maximum of 3. It has decreased from 4.51 (Mar 24) to 3.47, marking a decrease of 1.04.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.34. This value is within the healthy range. It has decreased from 2.80 (Mar 24) to 2.34, marking a decrease of 0.46.
  • For EarningsYield, as of Mar 25, the value is 0.06. This value is below the healthy minimum of 5. It has increased from 0.05 (Mar 24) to 0.06, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Shriram Pistons & Rings Ltd as of September 6, 2025 is: 2,185.36

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of September 6, 2025, Shriram Pistons & Rings Ltd is Overvalued by 14.97% compared to the current share price 2,570.00

Intrinsic Value of Shriram Pistons & Rings Ltd as of September 6, 2025 is: 3,105.46

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of September 6, 2025, Shriram Pistons & Rings Ltd is Undervalued by 20.84% compared to the current share price 2,570.00

Last 5 Year EPS CAGR: 42.10%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 18.08%, which is a positive sign.
  2. The company has higher reserves (1,133.92 cr) compared to borrowings (270.67 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.50 cr) and profit (249.33 cr) over the years.
  1. The stock has a high average Working Capital Days of 38.75, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 85.58, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Shriram Pistons & Rings Ltd:
    1. Net Profit Margin: 14.52%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 25.5% (Industry Average ROCE: 16.34%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 21.16% (Industry Average ROE: 14.27%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 16.01
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.96
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 21.6 (Industry average Stock P/E: 64.19)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.19
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Shriram Pistons & Rings Ltd. is a Public Limited Listed company incorporated on 09/12/1963 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L29112DL1963PLC004084 and registration number is 004084. Currently Company is involved in the business activities of Manufacture of engines and turbines, except aircraft, vehicle and cycle engines. Company's Total Operating Revenue is Rs. 3179.51 Cr. and Equity Capital is Rs. 44.05 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - Engine Parts3rd Floor, Himalaya House, 23, Kasturba Gandhi Marg, New Delhi Delhi 110001compliance.officer@shrirampistons.com
http://www.shrirampistons.com
Management
NamePosition Held
Mr. Pradeep DinodiaChairman
Mr. Krishnakumar SrinivasanManaging Director & CEO
Mr. Luv D ShriramWhole Time Director
Mrs. Meenakshi DassDirector
Mr. Yasunori MaekawaDirector
Mr. Klaus SemkeDirector
Mr. Hari S BhartiaIndependent Director
Mrs. Ferida ChopraIndependent Director
Ms. Tina TrikhaIndependent Director
Mr. Shigeto MunoAlternate Director

FAQ

What is the intrinsic value of Shriram Pistons & Rings Ltd?

Shriram Pistons & Rings Ltd's intrinsic value (as of 05 September 2025) is 2185.36 which is 14.97% lower the current market price of 2,570.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹11,327 Cr. market cap, FY2025-2026 high/low of 2,685/1,556, reserves of ₹2,350 Cr, and liabilities of 3,723 Cr.

What is the Market Cap of Shriram Pistons & Rings Ltd?

The Market Cap of Shriram Pistons & Rings Ltd is 11,327 Cr..

What is the current Stock Price of Shriram Pistons & Rings Ltd as on 05 September 2025?

The current stock price of Shriram Pistons & Rings Ltd as on 05 September 2025 is 2,570.

What is the High / Low of Shriram Pistons & Rings Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Shriram Pistons & Rings Ltd stocks is 2,685/1,556.

What is the Stock P/E of Shriram Pistons & Rings Ltd?

The Stock P/E of Shriram Pistons & Rings Ltd is 21.6.

What is the Book Value of Shriram Pistons & Rings Ltd?

The Book Value of Shriram Pistons & Rings Ltd is 543.

What is the Dividend Yield of Shriram Pistons & Rings Ltd?

The Dividend Yield of Shriram Pistons & Rings Ltd is 0.39 %.

What is the ROCE of Shriram Pistons & Rings Ltd?

The ROCE of Shriram Pistons & Rings Ltd is 25.7 %.

What is the ROE of Shriram Pistons & Rings Ltd?

The ROE of Shriram Pistons & Rings Ltd is 23.2 %.

What is the Face Value of Shriram Pistons & Rings Ltd?

The Face Value of Shriram Pistons & Rings Ltd is 10.0.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Shriram Pistons & Rings Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE