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Shriram Pistons & Rings Ltd

(SHRIPISTON)

₹1989.95▲1.01%

as on 04:01PM, 22 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Shriram Pistons & Rings Ltd Analyst Rating

based on 2 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 2 analysts offering long term price targets for Shriram Pistons & Rings Ltd. An average target of ₹2496

Source: S&P Global Market Intelligence

Shriram Pistons & Rings Ltd Share analysis

Shriram Pistons & Rings Ltd price forecast by 2 analysts

Upside of24.17%

High

₹2600

Target

₹2496.00

Low

₹2392

Shriram Pistons & Rings Ltd target price ₹2496, a slight upside of 24.17% compared to current price of ₹1989.95. According to 2 analysts rating.

Source: S&P Global Market Intelligence

Shriram Pistons & Rings Ltd Performance

  • Day's Low

    Day's High

    ₹1,962.2
    ₹2,030

  • 52 Week's Low

    52 Week's High

    ₹993
    ₹2,399
1 Month Return+ 0.23 %
3 Month Return-3.56 %
1 Year Return+ 77.76 %
Previous Close₹2,010.20
Open₹2,026.70
Volume30.99K
Upper Circuit-
Lower Circuit-
Market Cap₹8,854.90Cr

Shriram Pistons & Rings Ltd Key Statistics

P/E Ratio18.96
PEG Ratio0.66
Market Cap₹8,854.90 Cr
P/B Ratio4.45
EPS99.58
Dividend Yield0.51
SectorAuto Ancillaries
ROE25.82

Shriram Pistons & Rings Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
Shriram Pistons & Rings Ltd
Shriram Pistons & Rings Ltd
BUY₹8,854.90 Cr88.88%0.59₹438 Cr₹3,089 Cr
Gabriel India Ltd
Gabriel India Ltd
BUY₹6,038.79 Cr50.54%0.51₹178 Cr₹3,402 Cr
Craftsman Automation Ltd
Craftsman Automation Ltd
BUY₹11,837.62 Cr49.13%0.76₹337 Cr₹4,451 Cr
Spectra Industries Ltd
Spectra Industries Ltd
NA₹3.21 Cr80.67%20.22NANA
Divgi Torqtransfer Systems Ltd
Divgi Torqtransfer Systems Ltd
BUY₹1,997.68 Cr1.59%0.50NANA
See all

Shriram Pistons & Rings Ltd Mutual Fund Holdings

About Shriram Pistons & Rings Ltd

Shriram Pistons and Rings is India's largest exporter of pistons and rings, located in Ghaziabad, Uttar Pradesh. The company has collaborated with Kolbenschmidt Germany for supply of piston rings for BMW, Mercedes Benz, Volkswagen, Ford, Volvo and Peugeot. They also have a technical tie-up with Honda Foundry Company, Japan for Hondamodel pistons. Shriram manufactures pistons, piston pins, rings and engine valves for global supply, including West Asia, Central Asian Republics, South America, Australia and Europe. They possess ISO 9001 certification from RW TUV Germany for export oriented activities and also have expanded their production line for Maruti Udyog. Steel rings and Rikvent oil control rings are also manufactured here. In addition, they received various accolades, including Trailblazer award from Maruti Udyog, Best Performing Supplier Award from Tata and Cummins and Export Excellence Awards in 1998. The company just introduced new models and piston rings to improve productivity and consumer acceptance. QS9000 accreditation and ISO14001 certification from DNV Netherlands have also been earned by the company during this time.

Share Price: ₹1989.95 per share as on 22 Nov, 2024 04:01 PM
Market Capitalisation: ₹8,854.90Cr as of today
Revenue: ₹876.50Cr as on September 2024 (Q3 24)
Net Profit: ₹125.88Cr as on September 2024 (Q3 24)
Listing date: 02 Jun, 2016
Chairperson Name: Pradeep Dinodia
OrganisationShriram Pistons & Rings Ltd
Headquarters
IndustryAuto Ancillaries
E-voting on sharesClick here to vote

Key events for Shriram Pistons & Rings Ltd

  • Shriram Pistons & Rings Shows Strong Growth Potential - 01 Nov, 2024

    Shriram Pistons & Rings Limited, with a market cap of ₹89.92 billion, exhibits promising growth with a 22.3% earnings increase. Trading at a P/E ratio of 20.4x, it offers good value compared to the market average. Despite a rise in debt-to-equity, the company maintains strong interest coverage, indicating financial stability and robust growth prospects.

  • Shriram Pistons Reports Strong Q3 Growth - 29 Oct, 2024

    For September 2024, Shriram Pistons reported net sales of Rs 876.50 crore, a 16.62% increase YoY, and a net profit of Rs 124.77 crore, up 9.78%. The company's EPS rose to Rs 28.32. However, shares have seen a -6.26% return over the last six months.

Insights on Shriram Pistons & Rings Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 115.45 Cr → 124.77 Cr (in ₹), with an average increase of 7.5% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.00% to 2.13% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, SHRIPISTON has outperformed top 5 stocks with highest market-cap in Auto, Truck & Motorcycle Parts

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 863.38 Cr → 906.93 Cr (in ₹), with an average increase of 4.8% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 1.99% to 4.27% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, SHRIPISTON stock has moved up by 369.0%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Samvardhana Motherson International Ltd has given 84.5% return, outperforming this stock by 6.8%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 46.75% to 43.75% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 39.46% to 39.24% in Sep 2024 quarter

Shriram Pistons & Rings Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹751.61Cr (-)₹765.74Cr (↑1.88%)₹855.56Cr (↑11.73%)₹837.07Cr (↓2.16%)₹876.50Cr (↑4.71%)
Net Income₹113.00Cr (-)₹107.77Cr (↓4.63%)₹116.46Cr (↑8.06%)₹117.16Cr (↑0.60%)₹125.88Cr (↑7.44%)
Net Profit Margin15.03% (-)14.07% (↓6.39%)13.61% (↓3.27%)14.00% (↑2.87%)14.36% (↑2.57%)
Value in ₹ crore
Details2021202220232024
Total Assets₹1,713.76Cr (-)₹1,863.61Cr (↑8.74%)₹2,350.08Cr (↑26.10%)₹2,887.01Cr (↑22.85%)
Total Liabilities₹565.61Cr (-)₹608.58Cr (↑7.60%)₹820.52Cr (↑34.83%)₹937.15Cr (↑14.21%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹296.77Cr (-)₹189.86Cr (↓36.02%)₹219.32Cr (↑15.52%)₹399.15Cr (↑81.99%)₹474.22Cr (↑18.81%)
0

Shriram Pistons & Rings Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
43.75%
-6.41
Foreign Institutions
4.27%
114.11
Mutual Funds
2.13%
0.00
Retail Investors
39.24%
-0.55
Others
10.61%
-10.08

Shriram Pistons & Rings Ltd Key Indicators

Details20202021202220232024
Return On Assets %4.645.188.7812.4915.33
Details20202021202220232024
Book Value Per Share (₹)237.05254.4282.7344.55434.95
Details20202021202220232024
Earning Per Share (₹)16.3219.8437.1366.7299.58
Details20202021202220232024
Return On Equity %7.038.0713.7221.3825.82

Shriram Pistons & Rings Ltd Valuation

Shriram Pistons & Rings Ltd in the last 5 years

  • Overview

  • Trends

Lowest (6.72x)

July 31, 2019

Today (18.96x)

November 21, 2024

Industry (51.21x)

November 21, 2024

Highest (162.42x)

September 8, 2020

LowHigh

Shriram Pistons & Rings Ltd Earnings and Dividends

  • Shriram Pistons & Rings Ltd Earnings Results

    Shriram Pistons & Rings Ltd’s net profit jumped 9.78% since last year same period to ₹124.77Cr in the Q2 2024-2025. On a quarterly growth basis, Shriram Pistons & Rings Ltd has generated 8.07% jump in its net profits since last 3-months.

    Read More about Earnings Results

  • Shriram Pistons & Rings Ltd Dividends May,2024

    In the quarter ending March 2024, Shriram Pistons & Rings Ltd has declared dividend of ₹5 - translating a dividend yield of 0.50%.

    Read More about Dividends

Shriram Pistons & Rings Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Shriram Pistons & Rings Ltd is currently in a Bearish trading position according to technical analysis indicators.

More on Technical Analysis

FAQs on Shriram Pistons & Rings Ltd

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Shriram Pistons & Rings Ltd (SHRIPISTON) share price today is ₹1989.95

Shriram Pistons & Rings Ltd is listed on NSE

Shriram Pistons & Rings Ltd is not listed on BSE

  • Today’s highest price of Shriram Pistons & Rings Ltd is ₹2030.
  • Today’s lowest price of Shriram Pistons & Rings Ltd is ₹1962.2.

PE Ratio of Shriram Pistons & Rings Ltd is 18.96

PE ratio = Shriram Pistons & Rings Ltd Market price per share / Shriram Pistons & Rings Ltd Earnings per share

Today’s traded volume of Shriram Pistons & Rings Ltd(SHRIPISTON) is 30.99K.

Today’s market capitalisation of Shriram Pistons & Rings Ltd(SHRIPISTON) is ₹8854.9Cr.

Shriram Pistons & Rings Ltd(SHRIPISTONPrice
52 Week High
₹2399
52 Week Low
₹993

Shriram Pistons & Rings Ltd(SHRIPISTON) share price is ₹1989.95. It is down -17.05% from its 52 Week High price of ₹2399

Shriram Pistons & Rings Ltd(SHRIPISTON) share price is ₹1989.95. It is up 100.40% from its 52 Week Low price of ₹993

Shriram Pistons & Rings Ltd(SHRIPISTONReturns
1 Day Returns
-20.25%
1 Month Returns
0.23%
3 Month Returns
-3.56%
1 Year Returns
77.76%