NSEI:SHRIPISTON

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Shriram Pistons & Rings

Executive Summary

Shriram Pistons & Rings Limited manufactures and sells automotive components in India.


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Shriram Pistons & Rings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SHRIPISTON has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.7%

SHRIPISTON

4.8%

IN Auto Components

2.3%

IN Market


1 Year Return

-24.1%

SHRIPISTON

-0.006%

IN Auto Components

2.5%

IN Market

Return vs Industry: SHRIPISTON underperformed the Indian Auto Components industry which returned -0% over the past year.

Return vs Market: SHRIPISTON underperformed the Indian Market which returned 2.5% over the past year.


Shareholder returns

SHRIPISTONIndustryMarket
7 Day5.7%4.8%2.3%
30 Day0.3%3.1%4.2%
90 Day6.5%29.8%22.1%
1 Year-23.3%-24.1%1.3%-0.006%4.4%2.5%
3 Year-69.1%-70.0%-28.1%-30.2%5.3%0.3%
5 Yearn/a-10.3%-14.1%29.9%20.2%

Price Volatility Vs. Market

How volatile is Shriram Pistons & Rings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Shriram Pistons & Rings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SHRIPISTON (₹589.95) is trading below our estimate of fair value (₹2547.31)

Significantly Below Fair Value: SHRIPISTON is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SHRIPISTON is good value based on its PE Ratio (18.1x) compared to the IN Auto Components industry average (20.9x).

PE vs Market: SHRIPISTON is poor value based on its PE Ratio (18.1x) compared to the Indian market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SHRIPISTON's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SHRIPISTON's PB Ratio (1.2x) is in line with the IN Auto Components industry average.


Next Steps

Future Growth

How is Shriram Pistons & Rings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.5%

Forecasted Automobiles industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shriram Pistons & Rings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Shriram Pistons & Rings performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SHRIPISTON has high quality earnings.

Growing Profit Margin: SHRIPISTON's current net profit margins (4.5%) are lower than last year (7.1%).


Past Earnings Growth Analysis

Earnings Trend: SHRIPISTON's earnings have grown by 5.8% per year over the past 5 years.

Accelerating Growth: SHRIPISTON's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SHRIPISTON had negative earnings growth (-47.2%) over the past year, making it difficult to compare to the Auto Components industry average (-44.1%).


Return on Equity

High ROE: SHRIPISTON's Return on Equity (6.8%) is considered low.


Next Steps

Financial Health

How is Shriram Pistons & Rings's financial position?


Financial Position Analysis

Short Term Liabilities: SHRIPISTON's short term assets (₹7.2B) exceed its short term liabilities (₹3.7B).

Long Term Liabilities: SHRIPISTON's short term assets (₹7.2B) exceed its long term liabilities (₹1.2B).


Debt to Equity History and Analysis

Debt Level: SHRIPISTON's debt to equity ratio (10%) is considered satisfactory.

Reducing Debt: SHRIPISTON's debt to equity ratio has reduced from 51% to 10% over the past 5 years.

Debt Coverage: SHRIPISTON's debt is well covered by operating cash flow (276.6%).

Interest Coverage: SHRIPISTON's interest payments on its debt are well covered by EBIT (12.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Shriram Pistons & Rings's current dividend yield, its reliability and sustainability?

1.02%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SHRIPISTON's dividend (1.02%) is higher than the bottom 25% of dividend payers in the Indian market (0.63%).

High Dividend: SHRIPISTON's dividend (1.02%) is low compared to the top 25% of dividend payers in the Indian market (2.63%).


Stability and Growth of Payments

Stable Dividend: SHRIPISTON has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SHRIPISTON has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18.4%), SHRIPISTON's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average board tenure


CEO

Ashok Taneja (69 yo)

no data

Tenure

₹31,160,000

Compensation

Shri Ashok Kumar Taneja serves as the Chief Executive Officer, Managing Director and Whole Time Director of Shriram Pistons & Rings Ltd. Shri Taneja served as President of Shriram Pistons & Rings Ltd. He j ...


CEO Compensation Analysis

Compensation vs Market: Ashok's total compensation ($USD415.34K) is above average for companies of similar size in the Indian market ($USD317.82K).

Compensation vs Earnings: Ashok's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Ashok Taneja
MD, CEO & Whole-Time Directorno data₹31.16m0.00021%
₹ 27.7k
Krishnakumar Srinivasan
MD & Director0.50yr₹13.55mno data
R. Srinivasan
Joint MDno data₹26.19m0.014%
₹ 1.9m
Luv Shriram
Whole-Time Director11.33yrs₹26.45m29.82%
₹ 3.9b
Hari Bhartia
Non Executive Independent Directorno data₹300.00kno data
Pradeep Dinodia
Chairmanno data₹7.17mno data
Peter Neu
Independent Non-Executive Director2.25yrs₹200.00kno data
Inderdeep Singh
Independent Non-Executive Director12.42yrs₹1.70mno data
Meenakshi Dass
Non-Executive Directorno data₹1.15m5.12%
₹ 676.1m
Kiyoto Tone
Independent Director2.25yrs₹900.00kno data
Alok Ranjan
Non-Executive Independent Director1.42yrs₹1.45mno data
Ferida Chopra
Non-Executive Independent Director1.42yrs₹1.45mno data

2.3yrs

Average Tenure

60yo

Average Age

Experienced Board: SHRIPISTON's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Shriram Pistons & Rings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shriram Pistons & Rings Limited
  • Ticker: SHRIPISTON
  • Exchange: NSEI
  • Founded: 1963
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹13.200b
  • Shares outstanding: 22.37m
  • Website: https://www.shrirampistons.com

Location

  • Shriram Pistons & Rings Limited
  • Himalaya House
  • 3rd Floor
  • New Delhi
  • Delhi
  • 110001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SHRIPISTONNSEI (National Stock Exchange of India)YesEquity SharesININRJun 2016

Biography

Shriram Pistons & Rings Limited manufactures and sells automotive components in India. It offers pistons, piston pins, piston rings, and engine valves. The company also exports its products. It serves OEMs ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 12:35
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.