SHRIRAM PISTONS & RINGS LTD
SPR Auto Technologies Limited manufactures and sells automotive components in India. The company offers pistons, piston pins, piston rings, and engine valves. It also provides cylinder liners; crankshafts; connecting rods; cylinder heads; lubricating oils; fuel, air, cabin, and hydraulic filters; and gaskets, such as copper asbestos copper, aluminium asbestos aluminium, multilayer steel, asbestos steel asbestos, and cylinder head gaskets. In addition, the company offers electric motors and motors controllers, and precision injection moulded parts. Further, it manufactures and supplies gravity die casting moulds. The company also exports its products. It serves OEMs operating in the passenger and commercial vehicles, cars/SUVs, two and three wheelers, tractors, off-highway vehicles, and industrial and railway engines, as well as various defense and industrial applications. The company was formerly known as Shriram Pistons & Rings Limited and change its name to SPR Auto Technologies Limited in March 2026. SPR Auto Technologies Limited was incorporated in 1963 and is headquartered in New Delhi, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Dec has averaged the highest return (+24.2%); Jan the lowest (-15.2%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -15.2%Negative MonthJan 2026: -15.23% | +13.6%Positive MonthFeb 2026: +13.57% | -3.4%Negative MonthMar 2026: -3.38% | +15.7%Positive MonthApr 2026: +15.69% | -6.6%Negative MonthMay 2026: -6.63% | +28.5%Positive MonthJun 2026: +28.48% | +2.1%*Positive MonthJul 2026: +2.15% | β | β | β | β | β |
| 2025 | β | β | +2.3%Positive MonthMar 2025: +2.34% | -4.6%Negative MonthApr 2025: -4.56% | +36.8%Positive MonthMay 2025: +36.76% | -0.1%Neutral MonthJun 2025: -0.07% | -2.4%Negative MonthJul 2025: -2.41% | +4.7%Positive MonthAug 2025: +4.65% | +7.2%Positive MonthSep 2025: +7.17% | -3.1%Negative MonthOct 2025: -3.07% | -0.1%Neutral MonthNov 2025: -0.11% | +24.2%Positive MonthDec 2025: +24.17% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 2 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ3.18 K Cr | β | βΉ498.00 Cr | β | β | 20.7% | 7.7% | 11.4% |
| Mar 2024 | βΉ2.95 K Cr | β | βΉ447.00 Cr | β | β | 22.9% | 13.4% | 51.0% |
| Mar 2023 | βΉ2.60 K Cr | β | βΉ296.00 Cr | β | β | 19.3% | 26.2% | 80.5% |
| Mar 2022 | βΉ2.06 K Cr | β | βΉ164.00 Cr | β | β | 13.1% | 29.3% | 84.3% |
| Mar 2021 | βΉ1.60 K Cr | β | βΉ89.00 Cr | β | β | 7.8% | -0.6% | 21.9% |
| Mar 2020 | βΉ1.61 K Cr | β | βΉ73.00 Cr | β | β | 6.8% | -17.8% | -47.1% |
| Mar 2019 | βΉ1.96 K Cr | β | βΉ138.00 Cr | β | β | 13.5% | 13.1% | -0.7% |
| Mar 2018 | βΉ1.73 K Cr | β | βΉ139.00 Cr | β | β | 15.2% | 18.2% | 17.8% |
| Mar 2017 | βΉ1.46 K Cr | β | βΉ118.00 Cr | β | β | 14.9% | 5.0% | 28.3% |
| Mar 2016 | βΉ1.39 K Cr | β | βΉ92.00 Cr | β | β | 13.2% | 12.0% | 61.4% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 1,170 | 1,244 | 1,393 | 1,463 | 1,729 | 1,955 | 1,607 | 1,597 | 2,065 | 2,605 | 2,954 | 3,180 | 3,333 |
| Total Expenses | 940 | 1,054 | 1,160 | 1,207 | 1,436 | 1,660 | 1,425 | 1,381 | 1,760 | 2,142 | 2,323 | 2,503 | 2,621 |
| EBIT / Operating Profit | 229 | 190 | 233 | 255 | 293 | 295 | 182 | 216 | 304 | 463 | 630 | 676 | 712 |
| OPM % | 20% | 15% | 17% | 17% | 17% | 15% | 11% | 14% | 15% | 18% | 21% | 21% | 21% |
| Other Income | 10 | 17 | 17 | 26 | 24 | 22 | 20 | 19 | 29 | 46 | 81 | 103 | 101 |
| Finance Costs | 38 | 32 | 26 | 20 | 16 | 14 | 12 | 13 | 11 | 19 | 25 | 25 | 24 |
| Depreciation & Amortisation | 101 | 96 | 93 | 90 | 90 | 94 | 103 | 103 | 102 | 93 | 87 | 87 | 88 |
| Profit Before Tax | 101 | 79 | 131 | 171 | 211 | 209 | 86 | 120 | 220 | 397 | 599 | 668 | 701 |
| Tax % | 31% | 28% | 30% | 31% | 34% | 34% | 15% | 26% | 26% | 26% | 25% | 25% | - |
| Net Profit / PAT | 70 | 57 | 92 | 118 | 139 | 138 | 73 | 89 | 164 | 296 | 447 | 498 | 523 |
| EPS (βΉ) | 15.58 | 12.82 | 20.50 | 26.42 | 31.07 | 30.97 | 16.34 | 19.85 | 37.17 | 67.17 | 101.42 | 113.01 | 118.63 |
| Dividend Payout % | 11% | 14% | 10% | 13% | 16% | 16% | 18% | 15% | 13% | 11% | 10% | 9% | - |
Peer Comparison
Automobiles & Components sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| SHRIRAM PISTONS & RINGS LTDthis co. | βΉ13.41 K Cr | βΉ3.18 K Cr | 25.70 | 5.07 | 18.86 | 7.7% |
| Maruti Suzuki India Ltd. | βΉ5.16 L Cr | βΉ1.52 L Cr | 36.20 | 5.30 | 25.33 | 7.8% |
| Mahindra & Mahindra Ltd. | βΉ4.55 L Cr | βΉ1.19 L Cr | 32.50 | 6.84 | 26.39 | 17.1% |
| Bajaj Auto Limited | βΉ2.67 L Cr | βΉ50.01 K Cr | 30.50 | 8.68 | 26.02 | 11.9% |
| Eicher Motors Ltd. | βΉ2.03 L Cr | βΉ18.45 K Cr | 43.20 | 10.56 | β | 14.8% |
| HYUNDAI MOTOR INDIA LIMITED | βΉ1.88 L Cr | βΉ67.65 K Cr | 33.40 | 11.03 | 17.74 | -1.3% |
| TVS Motor Company Ltd. | βΉ1.78 L Cr | βΉ36.25 K Cr | 56.60 | 18.32 | 49.03 | 14.1% |
| Industry Average | β | βΉ15.02 K Cr | 51.90 | 6.13 | 25.31 | 7.0% |
