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

Share Price and Basic Stock Data

Last Updated: April 9, 2025, 9:11 pm

Market Cap	7,503 Cr.
Current Price	1,707
High / Low	2,399/1,556
Stock P/E	15.7
Book Value	487
Dividend Yield	0.59 %
ROCE	27.9 %
ROE	25.2 %
Face Value	10.0
PEG Ratio	0.39

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

Stock P/E Current Price Intrinsic Value

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	167 Cr.	132	262/108		82.8	0.00 %	4.05 %	2.95 %	10.0
Talbros Automotive Components Ltd	1,462 Cr.	238	396/200	16.6	96.4	0.29 %	21.4 %	17.2 %	2.00
Sundram Fasteners Ltd	18,777 Cr.	893	1,506/831	34.2	173	0.77 %	18.5 %	16.2 %	1.00
Sintercom India Ltd	330 Cr.	120	186/110	303	36.7	0.00 %	4.82 %	1.15 %	10.0
Shriram Pistons & Rings Ltd	7,503 Cr.	1,707	2,399/1,556	15.7	487	0.59 %	27.9 %	25.2 %	10.0
Industry Average	9,573.83 Cr	2,586.80		50.20	499.34	0.97%	16.26%	14.26%	7.25

All Competitor Stocks of Shriram Pistons & Rings Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	511	587	620	652	636	701	716	752	766	856	837	876	848
Expenses	438	503	526	537	519	566	570	594	604	679	672	699	677
Operating Profit	73	85	94	115	117	135	146	158	161	177	165	178	171
OPM %	14%	14%	15%	18%	18%	19%	20%	21%	21%	21%	20%	20%	20%
Other Income	7	10	7	12	12	16	19	23	19	24	26	30	27
Interest	3	2	3	5	5	6	6	7	8	9	9	9	8
Depreciation	26	25	24	24	23	24	23	22	29	34	30	31	31
Profit before tax	51	68	73	98	100	121	136	151	143	158	154	168	159
Tax %	26%	26%	26%	25%	25%	25%	26%	25%	25%	26%	24%	25%	24%
Net Profit	38	50	55	73	75	91	101	113	108	116	117	126	121
EPS in Rs	8.53	11.45	12.42	16.59	17.01	20.67	23.17	25.80	24.37	27.15	26.21	28.32	27.22

Last Updated: February 28, 2025, 5:09 pm

Below is a detailed analysis of the quarterly data for Shriram Pistons & Rings Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 848.00 Cr.. The value appears to be declining and may need further review. It has decreased from 876.00 Cr. (Sep 2024) to 848.00 Cr., marking a decrease of 28.00 Cr..
For Expenses, as of Dec 2024, the value is 677.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 699.00 Cr. (Sep 2024) to 677.00 Cr., marking a decrease of 22.00 Cr..
For Operating Profit, as of Dec 2024, the value is 171.00 Cr.. The value appears to be declining and may need further review. It has decreased from 178.00 Cr. (Sep 2024) to 171.00 Cr., marking a decrease of 7.00 Cr..
For OPM %, as of Dec 2024, the value is 20.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 20.00%.
For Other Income, as of Dec 2024, the value is 27.00 Cr.. The value appears to be declining and may need further review. It has decreased from 30.00 Cr. (Sep 2024) to 27.00 Cr., marking a decrease of 3.00 Cr..
For Interest, as of Dec 2024, the value is 8.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 9.00 Cr. (Sep 2024) to 8.00 Cr., marking a decrease of 1.00 Cr..
For Depreciation, as of Dec 2024, the value is 31.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 31.00 Cr..
For Profit before tax, as of Dec 2024, the value is 159.00 Cr.. The value appears to be declining and may need further review. It has decreased from 168.00 Cr. (Sep 2024) to 159.00 Cr., marking a decrease of 9.00 Cr..
For Tax %, as of Dec 2024, the value is 24.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Sep 2024) to 24.00%, marking a decrease of 1.00%.
For Net Profit, as of Dec 2024, the value is 121.00 Cr.. The value appears to be declining and may need further review. It has decreased from 126.00 Cr. (Sep 2024) to 121.00 Cr., marking a decrease of 5.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 27.22. The value appears to be declining and may need further review. It has decreased from 28.32 (Sep 2024) to 27.22, marking a decrease of 1.10.

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: March 6, 2025, 2:52 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,052	1,170	1,244	1,393	1,463	1,729	1,955	1,607	1,597	2,065	2,609	3,089	3,417
Expenses	873	940	1,054	1,161	1,207	1,436	1,660	1,425	1,381	1,760	2,149	2,447	2,726
Operating Profit	180	229	190	232	255	293	295	182	216	304	460	642	691
OPM %	17%	20%	15%	17%	17%	17%	15%	11%	14%	15%	18%	21%	20%
Other Income	10	10	17	18	26	24	22	20	19	29	47	85	108
Interest	32	38	32	26	20	16	14	12	13	11	19	30	35
Depreciation	88	101	96	93	90	90	94	103	103	102	95	108	125
Profit before tax	70	101	79	131	171	211	209	86	120	220	393	589	638
Tax %	30%	31%	28%	30%	31%	34%	34%	15%	26%	26%	25%	26%
Net Profit	49	70	57	92	118	139	138	73	89	164	294	439	480
EPS in Rs	10.95	15.58	12.82	20.50	26.42	31.07	30.97	16.34	19.85	37.18	66.70	100.47	108.90
Dividend Payout %	16%	11%	14%	10%	13%	16%	16%	18%	15%	13%	11%	10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	42.86%	-18.57%	61.40%	28.26%	17.80%	-0.72%	-47.10%	21.92%	84.27%	79.27%	49.32%
Change in YoY Net Profit Growth (%)	0.00%	-61.43%	79.97%	-33.14%	-10.46%	-18.52%	-46.38%	69.02%	62.35%	-5.00%	-29.95%

Shriram Pistons & Rings Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	10%
5 Years:	10%
3 Years:	25%
TTM:	16%

Compounded Profit Growth
10 Years:	20%
5 Years:	26%
3 Years:	70%
TTM:	15%

Stock Price CAGR
10 Years:	%
5 Years:	49%
3 Years:	68%
1 Year:	-21%

Return on Equity
10 Years:	15%
5 Years:	16%
3 Years:	21%
Last Year:	25%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:39 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	22	22	22	22	22	22	22	22	22	22	22	44	44
Reserves	478	538	585	673	772	891	1,004	1,048	1,126	1,233	1,505	1,882	2,101
Borrowings	431	381	310	289	226	179	97	135	146	157	333	487	506
Other Liabilities	248	253	272	308	334	398	445	352	409	438	551	723	740
Total Liabilities	1,179	1,194	1,189	1,292	1,354	1,491	1,568	1,558	1,704	1,850	2,412	3,136	3,391
Fixed Assets	725	713	667	597	577	555	613	741	703	689	772	934	954
CWIP	24	9	4	6	9	11	17	19	8	6	5	31	20
Investments	0	0	0	18	8	20	6	61	34	32	72	115	151
Other Assets	430	472	518	672	760	904	934	737	959	1,124	1,563	2,056	2,266
Total Assets	1,179	1,194	1,189	1,292	1,354	1,491	1,568	1,558	1,704	1,850	2,412	3,136	3,391

Below is a detailed analysis of the balance sheet data for Shriram Pistons & Rings Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, 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 Sep 2024, the value is ₹2,101.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,882.00 Cr. (Mar 2024) to ₹2,101.00 Cr., marking an increase of 219.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹506.00 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 ₹506.00 Cr., marking an increase of 19.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹740.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 723.00 Cr. (Mar 2024) to ₹740.00 Cr., marking an increase of 17.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹3,391.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,136.00 Cr. (Mar 2024) to ₹3,391.00 Cr., marking an increase of 255.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹954.00 Cr.. The value appears strong and on an upward trend. It has increased from 934.00 Cr. (Mar 2024) to ₹954.00 Cr., marking an increase of 20.00 Cr..
For CWIP, as of Sep 2024, the value is ₹20.00 Cr.. The value appears to be declining and may need further review. It has decreased from 31.00 Cr. (Mar 2024) to ₹20.00 Cr., marking a decrease of 11.00 Cr..
For Investments, as of Sep 2024, the value is ₹151.00 Cr.. The value appears strong and on an upward trend. It has increased from 115.00 Cr. (Mar 2024) to ₹151.00 Cr., marking an increase of 36.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹2,266.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,056.00 Cr. (Mar 2024) to ₹2,266.00 Cr., marking an increase of 210.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹3,391.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,136.00 Cr. (Mar 2024) to ₹3,391.00 Cr., marking an increase of 255.00 Cr..

Notably, the Reserves (2,101.00 Cr.) exceed the Borrowings (506.00 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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	153	180	129	255	183	175	157	297	190	219	395	487
Cash from Investing Activity +	-197	-65	-45	-67	-55	-65	-157	-214	-10	-56	-476	-422
Cash from Financing Activity +	68	-101	-111	-113	-89	-88	-61	-111	-28	-91	93	-42
Net Cash Flow	24	14	-27	75	39	21	-62	-28	152	72	12	23

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-251.00	-152.00	-120.00	-57.00	29.00	114.00	198.00	47.00	70.00	147.00	127.00	155.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	54	56	63	58	59	68	66	54	74	63	55	56
Inventory Days	185	197	196	175	213	190	184	182	175	155	113	114
Days Payable	132	149	129	157	185	178	144	144	184	142	97	104
Cash Conversion Cycle	108	104	130	75	87	80	107	92	65	75	71	66
Working Capital Days	63	40	50	41	47	50	64	55	62	61	49	51
ROCE %	12%	15%	12%	16%	19%	21%	20%	8%	11%	17%	24%	28%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	47.31%	46.75%	46.75%	46.75%	46.75%	46.75%	46.75%	46.75%	46.75%	46.75%	46.75%	46.75%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.08%	1.07%	1.35%	1.99%
DIIs	10.36%	10.28%	10.28%	10.28%	10.17%	10.11%	10.05%	9.59%	9.29%	13.07%	12.55%	11.80%
Public	42.33%	42.97%	42.97%	42.97%	43.08%	43.14%	43.20%	43.63%	43.88%	39.11%	39.35%	39.46%
No. of Shareholders	2,432	2,380	2,467	2,406	2,482	2,616	3,043	4,672	8,218	22,627	36,292	40,419

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
DSP Small Cap Fund	553,533	0.72	119.98	3,595	2025-04-09	15297.3%
Groww ELSS Tax Saver Fund	3,889	1.65	0.84	3,595	2025-04-09	8.18%
Groww Value Fund	3,595	1.77	0.78	3,595	2025-04-09	0%
Groww Nifty Total Market Index Fund	164	0.01	0.04	3,595	2025-04-09	-95.44%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	100.47	133.43	74.26	39.67	32.64
Diluted EPS (Rs.)	100.47	133.43	74.26	39.67	32.64
Cash EPS (Rs.)	124.03	176.43	120.60	85.50	78.69
Book Value[Excl.RevalReserv]/Share (Rs.)	455.83	695.48	565.40	508.79	474.09
Book Value[Incl.RevalReserv]/Share (Rs.)	458.04	699.90	569.82	513.14	478.44
Revenue From Operations / Share (Rs.)	701.32	1184.71	937.42	713.56	718.11
PBDIT / Share (Rs.)	165.11	230.20	151.50	105.07	90.21
PBIT / Share (Rs.)	140.66	187.20	105.17	59.23	44.15
PBT / Share (Rs.)	133.74	178.44	99.98	53.62	38.62
Net Profit / Share (Rs.)	99.58	133.43	74.26	39.66	32.64
NP After MI And SOA / Share (Rs.)	100.47	133.24	74.26	39.66	32.64
PBDIT Margin (%)	23.54	19.43	16.16	14.72	12.56
PBIT Margin (%)	20.05	15.80	11.21	8.30	6.14
PBT Margin (%)	19.06	15.06	10.66	7.51	5.37
Net Profit Margin (%)	14.19	11.26	7.92	5.55	4.54
NP After MI And SOA Margin (%)	14.32	11.24	7.92	5.55	4.54
Return on Networth / Equity (%)	23.13	19.33	13.13	7.79	6.88
Return on Capital Employeed (%)	26.55	23.21	16.86	10.48	8.31
Return On Assets (%)	14.10	12.35	8.84	5.20	4.68
Long Term Debt / Equity (X)	0.10	0.09	0.03	0.04	0.03
Total Debt / Equity (X)	0.23	0.19	0.10	0.08	0.08
Asset Turnover Ratio (%)	1.12	1.24	1.16	0.97	1.03
Current Ratio (X)	2.43	2.51	2.31	2.10	1.95
Quick Ratio (X)	1.95	1.94	1.61	1.47	1.16
Inventory Turnover Ratio (X)	3.20	2.97	2.52	1.79	1.53
Dividend Payout Ratio (NP) (%)	7.46	10.50	8.07	15.12	44.48
Dividend Payout Ratio (CP) (%)	6.00	7.94	4.97	7.01	18.45
Earning Retention Ratio (%)	92.54	89.50	91.93	84.88	55.52
Cash Earning Retention Ratio (%)	94.00	92.06	95.03	92.99	81.55
Interest Coverage Ratio (X)	23.88	26.28	29.21	18.71	16.30
Interest Coverage Ratio (Post Tax) (X)	15.40	16.23	15.32	8.06	6.90
Enterprise Value (Cr.)	8324.48	1884.07	1334.91	1625.85	883.94
EV / Net Operating Revenue (X)	2.69	0.72	0.64	1.02	0.55
EV / EBITDA (X)	11.45	3.72	4.00	6.92	4.38
MarketCap / Net Operating Revenue (X)	2.80	0.85	0.75	1.12	0.55
Retention Ratios (%)	92.53	89.49	91.92	84.87	55.51
Price / BV (X)	4.51	1.46	1.25	1.56	0.84
Price / Net Operating Revenue (X)	2.80	0.85	0.75	1.12	0.55
EarningsYield	0.05	0.13	0.10	0.04	0.08

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 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 100.47. This value is within the healthy range. It has decreased from 133.43 (Mar 23) to 100.47, marking a decrease of 32.96.
For Diluted EPS (Rs.), as of Mar 24, the value is 100.47. This value is within the healthy range. It has decreased from 133.43 (Mar 23) to 100.47, marking a decrease of 32.96.
For Cash EPS (Rs.), as of Mar 24, the value is 124.03. This value is within the healthy range. It has decreased from 176.43 (Mar 23) to 124.03, marking a decrease of 52.40.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 455.83. It has decreased from 695.48 (Mar 23) to 455.83, marking a decrease of 239.65.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 458.04. It has decreased from 699.90 (Mar 23) to 458.04, marking a decrease of 241.86.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 701.32. It has decreased from 1,184.71 (Mar 23) to 701.32, marking a decrease of 483.39.
For PBDIT / Share (Rs.), as of Mar 24, the value is 165.11. This value is within the healthy range. It has decreased from 230.20 (Mar 23) to 165.11, marking a decrease of 65.09.
For PBIT / Share (Rs.), as of Mar 24, the value is 140.66. This value is within the healthy range. It has decreased from 187.20 (Mar 23) to 140.66, marking a decrease of 46.54.
For PBT / Share (Rs.), as of Mar 24, the value is 133.74. This value is within the healthy range. It has decreased from 178.44 (Mar 23) to 133.74, marking a decrease of 44.70.
For Net Profit / Share (Rs.), as of Mar 24, the value is 99.58. This value is within the healthy range. It has decreased from 133.43 (Mar 23) to 99.58, marking a decrease of 33.85.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 100.47. This value is within the healthy range. It has decreased from 133.24 (Mar 23) to 100.47, marking a decrease of 32.77.
For PBDIT Margin (%), as of Mar 24, the value is 23.54. This value is within the healthy range. It has increased from 19.43 (Mar 23) to 23.54, marking an increase of 4.11.
For PBIT Margin (%), as of Mar 24, the value is 20.05. This value exceeds the healthy maximum of 20. It has increased from 15.80 (Mar 23) to 20.05, marking an increase of 4.25.
For PBT Margin (%), as of Mar 24, the value is 19.06. This value is within the healthy range. It has increased from 15.06 (Mar 23) to 19.06, marking an increase of 4.00.
For Net Profit Margin (%), as of Mar 24, the value is 14.19. This value exceeds the healthy maximum of 10. It has increased from 11.26 (Mar 23) to 14.19, marking an increase of 2.93.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 14.32. This value is within the healthy range. It has increased from 11.24 (Mar 23) to 14.32, marking an increase of 3.08.
For Return on Networth / Equity (%), as of Mar 24, the value is 23.13. This value is within the healthy range. It has increased from 19.33 (Mar 23) to 23.13, marking an increase of 3.80.
For Return on Capital Employeed (%), as of Mar 24, the value is 26.55. This value is within the healthy range. It has increased from 23.21 (Mar 23) to 26.55, marking an increase of 3.34.
For Return On Assets (%), as of Mar 24, the value is 14.10. This value is within the healthy range. It has increased from 12.35 (Mar 23) to 14.10, marking an increase of 1.75.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.10. This value is below the healthy minimum of 0.2. It has increased from 0.09 (Mar 23) to 0.10, marking an increase of 0.01.
For Total Debt / Equity (X), as of Mar 24, the value is 0.23. This value is within the healthy range. It has increased from 0.19 (Mar 23) to 0.23, marking an increase of 0.04.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.12. It has decreased from 1.24 (Mar 23) to 1.12, marking a decrease of 0.12.
For Current Ratio (X), as of Mar 24, the value is 2.43. This value is within the healthy range. It has decreased from 2.51 (Mar 23) to 2.43, marking a decrease of 0.08.
For Quick Ratio (X), as of Mar 24, the value is 1.95. This value is within the healthy range. It has increased from 1.94 (Mar 23) to 1.95, marking an increase of 0.01.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.20. This value is below the healthy minimum of 4. It has increased from 2.97 (Mar 23) to 3.20, marking an increase of 0.23.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 7.46. This value is below the healthy minimum of 20. It has decreased from 10.50 (Mar 23) to 7.46, marking a decrease of 3.04.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 6.00. This value is below the healthy minimum of 20. It has decreased from 7.94 (Mar 23) to 6.00, marking a decrease of 1.94.
For Earning Retention Ratio (%), as of Mar 24, the value is 92.54. This value exceeds the healthy maximum of 70. It has increased from 89.50 (Mar 23) to 92.54, marking an increase of 3.04.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 94.00. This value exceeds the healthy maximum of 70. It has increased from 92.06 (Mar 23) to 94.00, marking an increase of 1.94.
For Interest Coverage Ratio (X), as of Mar 24, the value is 23.88. This value is within the healthy range. It has decreased from 26.28 (Mar 23) to 23.88, marking a decrease of 2.40.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 15.40. This value is within the healthy range. It has decreased from 16.23 (Mar 23) to 15.40, marking a decrease of 0.83.
For Enterprise Value (Cr.), as of Mar 24, the value is 8,324.48. It has increased from 1,884.07 (Mar 23) to 8,324.48, marking an increase of 6,440.41.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.69. This value is within the healthy range. It has increased from 0.72 (Mar 23) to 2.69, marking an increase of 1.97.
For EV / EBITDA (X), as of Mar 24, the value is 11.45. This value is within the healthy range. It has increased from 3.72 (Mar 23) to 11.45, marking an increase of 7.73.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.80. This value is within the healthy range. It has increased from 0.85 (Mar 23) to 2.80, marking an increase of 1.95.
For Retention Ratios (%), as of Mar 24, the value is 92.53. This value exceeds the healthy maximum of 70. It has increased from 89.49 (Mar 23) to 92.53, marking an increase of 3.04.
For Price / BV (X), as of Mar 24, the value is 4.51. This value exceeds the healthy maximum of 3. It has increased from 1.46 (Mar 23) to 4.51, marking an increase of 3.05.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.80. This value is within the healthy range. It has increased from 0.85 (Mar 23) to 2.80, marking an increase of 1.95.
For EarningsYield, as of Mar 24, the value is 0.05. This value is below the healthy minimum of 5. It has decreased from 0.13 (Mar 23) to 0.05, marking a decrease of 0.08.

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 April 10, 2025 is: 1,550.51

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 April 10, 2025, Shriram Pistons & Rings Ltd is Overvalued by 9.17% compared to the current share price 1,707.00

Intrinsic Value of Shriram Pistons & Rings Ltd as of April 10, 2025 is: 2,179.36

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 April 10, 2025, Shriram Pistons & Rings Ltd is Undervalued by 27.67% compared to the current share price 1,707.00

Last 5 Year EPS CAGR: 40.56%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 16.92%, which is a positive sign. The company has higher reserves (1,064.31 cr) compared to borrowings (282.85 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.46 cr) and profit (232.15 cr) over the years.	The stock has a high average Working Capital Days of 52.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 88.33, 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: 14.19%
  - 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: 26.55% (Industry Average ROCE: 16.26%)
  - 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%: 23.13% (Industry Average ROE: 14.26%)
  - 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): 15.4
  - 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: 1.95
  - 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: 15.7 (Industry average Stock P/E: 46.01)
  - 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: 0.23
  - 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. 2953.72 Cr. and Equity Capital is Rs. 44.05 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Engine Parts	3rd Floor, Himalaya House, 23, Kasturba Gandhi Marg, New Delhi Delhi 110001	compliance.officer@shrirampistons.com http://www.shrirampistons.com

Management
Name	Position Held
Mr. Pradeep Dinodia	Chairman
Mr. Krishnakumar Srinivasan	Managing Director & CEO
Mr. Luv D Shriram	Whole Time Director
Mr. Hari S Bhartia	Independent Director
Mrs. Meenakshi Dass	Director
Mr. Inderdeep Singh	Independent Director
Mrs. Ferida Chopra	Independent Director
Mr. Shinichi Unno	Independent Director
Mr. Yasunori Maekawa	Director
Mr. Tina Trikha	Independent Director
Mr. Klaus Semke	Director
Mr. Alexandru Vladoi	Alternate Director

FAQ

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

Shriram Pistons & Rings Ltd's intrinsic value (as of 10 April 2025) is ₹1550.51 — 9.17% lower the current market price of 1,707.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 7,503 Cr. market cap, FY2025-2026 high/low of ₹2,399/1,556, reserves of 2,101 Cr, and liabilities of 3,391 Cr.

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

The Market Cap of Shriram Pistons & Rings Ltd is 7,503 Cr..

What is the current Stock Price of Shriram Pistons & Rings Ltd as on 10 April 2025?

The current stock price of Shriram Pistons & Rings Ltd as on 10 April 2025 is 1,707.

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 ₹2,399/1,556.

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

The Stock P/E of Shriram Pistons & Rings Ltd is 15.7.

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

The Book Value of Shriram Pistons & Rings Ltd is 487.

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

The Dividend Yield of Shriram Pistons & Rings Ltd is 0.59 %.

What is the ROCE of Shriram Pistons & Rings Ltd?

The ROCE of Shriram Pistons & Rings Ltd is 27.9 %.

What is the ROE of Shriram Pistons & Rings Ltd?

The ROE of Shriram Pistons & Rings Ltd is 25.2 %.

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

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