Shriram Pistons & Rings Limited manufactures and sells automotive components in India.
Flawless balance sheet and fair value.
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.
7 Day Return
IN Auto Components
1 Year Return
IN Auto Components
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.
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
2 weeks ago | Simply Wall StHere's Why Shriram Pistons & Rings (NSE:SHRIPISTON) Can Manage Its Debt Responsibly
1 month ago | Simply Wall StWhat Type Of Shareholders Own The Most Number of Shriram Pistons & Rings Limited (NSE:SHRIPISTON) Shares?
Is Shriram Pistons & Rings undervalued compared to its fair value and its price relative to the market?
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.
How is Shriram Pistons & Rings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Shriram Pistons & Rings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Shriram Pistons & Rings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Automobiles industry.
How has Shriram Pistons & Rings performed over the past 5 years?
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.
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).
What is Shriram Pistons & Rings's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ashok Taneja (69 yo)
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.
|MD, CEO & Whole-Time Director||no data||₹31.16m||0.00021% |
|MD & Director||0.50yr||₹13.55m||no data|
|Joint MD||no data||₹26.19m||0.014% |
|Whole-Time Director||11.33yrs||₹26.45m||29.82% |
|Non Executive Independent Director||no data||₹300.00k||no data|
|Chairman||no data||₹7.17m||no data|
|Independent Non-Executive Director||2.25yrs||₹200.00k||no data|
|Independent Non-Executive Director||12.42yrs||₹1.70m||no data|
|Non-Executive Director||no data||₹1.15m||5.12% |
|Independent Director||2.25yrs||₹900.00k||no data|
|Non-Executive Independent Director||1.42yrs||₹1.45m||no data|
|Non-Executive Independent Director||1.42yrs||₹1.45m||no data|
Experienced Board: SHRIPISTON's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Shriram Pistons & Rings Limited's company bio, employee growth, exchange listings and data sources
- 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
- Shriram Pistons & Rings Limited
- Himalaya House
- 3rd Floor
- New Delhi
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SHRIPISTON||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Jun 2016|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/09 12:35|
|End of Day Share Price||2020/08/07 00:00|
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.