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Shriram Pistons & Rings

NSEI:SHRIPISTON
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SHRIPISTON
NSEI
₹19B
Market Cap
  1. Home
  2. IN
  3. Automobiles
Company description

Shriram Pistons & Rings Limited manufactures and sells automotive components in India. The last earnings update was 36 days ago. More info.


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  • Shriram Pistons & Rings has significant price volatility in the past 3 months.
SHRIPISTON Share Price and Events
7 Day Returns
-5.1%
NSEI:SHRIPISTON
0.6%
IN Auto Components
1.3%
IN Market
1 Year Returns
-40%
NSEI:SHRIPISTON
-26.2%
IN Auto Components
-1.5%
IN Market
SHRIPISTON Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shriram Pistons & Rings (SHRIPISTON) -5.1% -11.8% -20.7% -40% -47.9% -
IN Auto Components 0.6% -3.5% -14.5% -26.2% 2.8% 49.6%
IN Market 1.3% -0.8% -3.7% -1.5% 22.6% 33.9%
1 Year Return vs Industry and Market
  • SHRIPISTON underperformed the Auto Components industry which returned -26.2% over the past year.
  • SHRIPISTON underperformed the Market in India which returned -1.5% over the past year.
Price Volatility
SHRIPISTON
Industry
5yr Volatility vs Market

SHRIPISTON Value

 Is Shriram Pistons & Rings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Shriram Pistons & Rings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Shriram Pistons & Rings.

NSEI:SHRIPISTON Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 18%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:SHRIPISTON
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.265 (1 + (1- 35%) (6.48%))
1.213
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.213 * 8.6%)
17.99%

Discounted Cash Flow Calculation for NSEI:SHRIPISTON using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Shriram Pistons & Rings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:SHRIPISTON DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.99%)
2020 608.16 Est @ -1.54% 515.46
2021 615.36 Est @ 1.18% 442.05
2022 634.40 Est @ 3.09% 386.26
2023 662.51 Est @ 4.43% 341.88
2024 698.06 Est @ 5.37% 305.32
2025 740.09 Est @ 6.02% 274.36
2026 788.05 Est @ 6.48% 247.60
2027 841.64 Est @ 6.8% 224.13
2028 900.77 Est @ 7.03% 203.31
2029 965.48 Est @ 7.18% 184.70
Present value of next 10 years cash flows ₹3,125.08
NSEI:SHRIPISTON DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹965.48 × (1 + 7.55%) ÷ (17.99% – 7.55%)
₹9,950.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹9,950.58 ÷ (1 + 17.99%)10
₹1,903.58
NSEI:SHRIPISTON Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹3,125.08 + ₹1,903.58
₹5,028.65
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹5,028.65 / 22.37
₹224.75
NSEI:SHRIPISTON Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹224.75
Current discount Discount to share price of ₹822.00
= -1 x (₹822.00 - ₹224.75) / ₹224.75
-265.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Shriram Pistons & Rings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Shriram Pistons & Rings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shriram Pistons & Rings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SHRIPISTON PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹61.89
NSEI:SHRIPISTON Share Price ** NSEI (2019-07-18) in INR ₹822
India Auto Components Industry PE Ratio Median Figure of 102 Publicly-Listed Auto Components Companies 14.01x
India Market PE Ratio Median Figure of 2,835 Publicly-Listed Companies 14.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Shriram Pistons & Rings.

NSEI:SHRIPISTON PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:SHRIPISTON Share Price ÷ EPS (both in INR)

= 822 ÷ 61.89

13.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shriram Pistons & Rings is good value based on earnings compared to the IN Auto Components industry average.
  • Shriram Pistons & Rings is good value based on earnings compared to the India market.
Price based on expected Growth
Does Shriram Pistons & Rings's expected growth come at a high price?
Raw Data
NSEI:SHRIPISTON PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
8.3%per year
India Auto Components Industry PEG Ratio Median Figure of 33 Publicly-Listed Auto Components Companies 1.33x
India Market PEG Ratio Median Figure of 537 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Shriram Pistons & Rings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shriram Pistons & Rings's assets?
Raw Data
NSEI:SHRIPISTON PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹458.75
NSEI:SHRIPISTON Share Price * NSEI (2019-07-18) in INR ₹822
India Auto Components Industry PB Ratio Median Figure of 112 Publicly-Listed Auto Components Companies 1.52x
India Market PB Ratio Median Figure of 3,670 Publicly-Listed Companies 0.95x
NSEI:SHRIPISTON PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:SHRIPISTON Share Price ÷ Book Value per Share (both in INR)

= 822 ÷ 458.75

1.79x

* Primary Listing of Shriram Pistons & Rings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shriram Pistons & Rings is overvalued based on assets compared to the IN Auto Components industry average.
X
Value checks
We assess Shriram Pistons & Rings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Shriram Pistons & Rings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SHRIPISTON Future Performance

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

  • No analysts cover Shriram Pistons & Rings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shriram Pistons & Rings expected to grow at an attractive rate?
  • Shriram Pistons & Rings's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Shriram Pistons & Rings's earnings growth is positive but not above the India market average.
  • Unable to compare Shriram Pistons & Rings's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:SHRIPISTON Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:SHRIPISTON Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 8.3%
India Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 13.3%
India Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 9%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:SHRIPISTON Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:SHRIPISTON Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 19,549 1,857 1,385
2018-03-31 17,294 1,749 1,389
2017-03-31 14,626 1,828 1,181

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shriram Pistons & Rings's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Shriram Pistons & Rings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:SHRIPISTON Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Shriram Pistons & Rings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SHRIPISTON Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 61.89
2018-03-31 62.08
2017-03-31 52.79

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Shriram Pistons & Rings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Shriram Pistons & Rings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Shriram Pistons & Rings has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SHRIPISTON Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Shriram Pistons & Rings's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Shriram Pistons & Rings's year on year earnings growth rate has been positive over the past 5 years.
  • Shriram Pistons & Rings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Shriram Pistons & Rings's 1-year earnings growth is negative, it can't be compared to the IN Auto Components industry average.
Earnings and Revenue History
Shriram Pistons & Rings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Shriram Pistons & Rings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SHRIPISTON Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 19,549.03 1,384.51 3,780.77
2018-03-31 17,294.15 1,388.84 3,426.78
2017-03-31 14,625.69 1,180.99 2,846.42
2016-03-31 13,929.60 916.33 2,793.39
2015-03-31 12,443.77 573.18 2,406.10
2014-03-31 11,697.12 696.55 2,167.47
2013-03-31 10,524.66 489.51 1,926.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Shriram Pistons & Rings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shriram Pistons & Rings used its assets more efficiently than the IN Auto Components industry average last year based on Return on Assets.
  • Shriram Pistons & Rings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Shriram Pistons & Rings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Shriram Pistons & Rings has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SHRIPISTON Health

 How is Shriram Pistons & Rings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Shriram Pistons & Rings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shriram Pistons & Rings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shriram Pistons & Rings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shriram Pistons & Rings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 6.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Shriram Pistons & Rings Company Filings, last reported 3 months ago.

NSEI:SHRIPISTON Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 10,264.60 1,254.21 849.35
2018-03-31 9,132.68 1,794.47 2,005.31
2017-03-31 7,943.82 2,263.94 1,666.58
2016-03-31 6,953.41 2,885.28 1,130.54
2015-03-31 6,072.05 3,100.20 290.71
2014-03-31 5,599.30 3,806.20 519.40
2013-03-31 5,003.58 4,311.63 396.89
  • Shriram Pistons & Rings's level of debt (12.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (67.9% vs 12.2% today).
  • Debt is well covered by operating cash flow (148.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 321.6x coverage).
X
Financial health checks
We assess Shriram Pistons & Rings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Shriram Pistons & Rings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SHRIPISTON Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.22%
Current annual income from Shriram Pistons & Rings dividends.
If you bought ₹2,000 of Shriram Pistons & Rings shares you are expected to receive ₹24 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Shriram Pistons & Rings's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Shriram Pistons & Rings's dividend is below the markets top 25% of dividend payers in India (2.21%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:SHRIPISTON Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 81 Stocks 1%
India Market Average Dividend Yield Market Cap Weighted Average of 1446 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:SHRIPISTON Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-06-13 10.000 1.096
2019-02-04 10.000 0.989
2018-05-23 12.000 0.935
2018-05-22 12.000 0.766
2018-02-05 8.000 0.502
2017-07-21 8.000 0.410
2017-06-15 8.000 0.397

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shriram Pistons & Rings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Shriram Pistons & Rings only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Shriram Pistons & Rings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Shriram Pistons & Rings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Shriram Pistons & Rings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shriram Pistons & Rings has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SHRIPISTON Management

 What is the CEO of Shriram Pistons & Rings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ashok Taneja
COMPENSATION ₹130,520,000
AGE 68
CEO Bio

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 joined Shriram Pistons & Rings Ltd in April 1978.

CEO Compensation
  • Ashok's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Ashok's remuneration is higher than average for companies of similar size in India.
Management Team

Ashok Taneja

TITLE
MD, CEO & Whole-Time Director
COMPENSATION
₹131M
AGE
68

R. Srinivasan

TITLE
Joint MD
COMPENSATION
₹99M
AGE
67

Vinod Raheja

TITLE
Deputy Executive Director & CFO
AGE
50

Poonam Bharti

TITLE
Deputy Executive Director & Chief HR Officer
AGE
47
TENURE
1.3 yrs

Luv Shriram

TITLE
Whole-Time Director
COMPENSATION
₹35M
AGE
47

Naveen Agarwal

TITLE
Executive Director & Alternate Company Secretary
AGE
58
Board of Directors Tenure

Average tenure and age of the Shriram Pistons & Rings board of directors in years:

5.7
Average Tenure
63.5
Average Age
  • The tenure for the Shriram Pistons & Rings board of directors is about average.
Board of Directors

Pradeep Dinodia

TITLE
Chairman
COMPENSATION
₹14M
AGE
66

Ashok Taneja

TITLE
MD, CEO & Whole-Time Director
COMPENSATION
₹131M
AGE
68

R. Srinivasan

TITLE
Joint MD
COMPENSATION
₹99M
AGE
67

Luv Shriram

TITLE
Whole-Time Director
COMPENSATION
₹35M
AGE
47
TENURE
10.3 yrs

Inderdeep Singh

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
39
TENURE
11.3 yrs

Peter Neu

TITLE
Independent Non-Executive Director
COMPENSATION
₹1M
TENURE
1.2 yrs

Masakazu Sekimoto

TITLE
Non-Executive Director
COMPENSATION
₹1M
AGE
64

Hari Bhartia

TITLE
Non-Executive Director
COMPENSATION
₹300K
AGE
63

Meenakshi Dass

TITLE
Non-Executive Director
COMPENSATION
₹2M
AGE
55

Kiyoto Tone

TITLE
Independent Director
COMPENSATION
₹2M
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
23. Mar 19 Sell Meenakshi Dass Individual 20. Mar 19 20. Mar 19 -254 ₹1,026.89 ₹-260,830
24. Sep 18 Sell Meenakshi Dass Individual 21. Sep 18 21. Sep 18 -9,890 ₹1,400.99 ₹-13,855,790
20. Sep 18 Sell Meenakshi Dass Individual 18. Sep 18 19. Sep 18 -18,448 ₹1,399.02 ₹-25,809,170
07. Sep 18 Sell Meenakshi Dass Individual 03. Sep 18 07. Sep 18 -24,703 ₹1,409.20 ₹-34,679,428
X
Management checks
We assess Shriram Pistons & Rings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Shriram Pistons & Rings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SHRIPISTON News

Simply Wall St News

Is Shriram Pistons & Rings (NSE:SHRIPISTON) Using Too Much Debt?

Check out our latest analysis for Shriram Pistons & Rings How Much Debt Does Shriram Pistons & Rings Carry? … You can click the graphic below for the historical numbers, but it shows that Shriram Pistons & Rings had ₹1.25b of debt in March 2019, down from ₹1.79b, one year before On the flip side, it has ₹849.4m in cash leading to net debt of about ₹404.9m. … Since Shriram Pistons & Rings does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time.

Simply Wall St -

Does Shriram Pistons & Rings's (NSE:SHRIPISTON) Share Price Gain of 65% Match Its Business Performance?

For example, Shriram Pistons & Rings Limited (NSE:SHRIPISTON) shareholders have seen the share price rise 65% over three years, well in excess of the market return (32%, not including dividends). … Shriram Pistons & Rings was able to grow its EPS at 15% per year over three years, sending the share price higher. … A Different Perspective Shriram Pistons & Rings shareholders are down 36% for the year (even including dividends), but the broader market is up 0.6%.

Simply Wall St -

How Does Investing In Shriram Pistons & Rings Limited (NSE:SHRIPISTON) Impact The Volatility Of Your Portfolio?

If you own shares in Shriram Pistons & Rings Limited (NSE:SHRIPISTON) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … What this means for you: Beta only tells us that the Shriram Pistons & Rings share price is sensitive to broader market movements.

Simply Wall St -

What Investors Should Know About Shriram Pistons & Rings Limited's (NSE:SHRIPISTON) Financial Strength

While small-cap stocks, such as Shriram Pistons & Rings Limited (NSE:SHRIPISTON) with its market cap of ₹22b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

The Shriram Pistons & Rings Share Price Is Down 38% So Some Shareholders Are Getting Worried

Unfortunately the Shriram Pistons & Rings Limited (NSE:SHRIPISTON) share price slid 38% over twelve months. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Even though the Shriram Pistons & Rings share price is down over the year, its EPS actually improved.

Simply Wall St -

Is Shriram Pistons & Rings Limited (NSE:SHRIPISTON) A Good Dividend Stock?

Shriram Pistons & Rings Limited (NSE:SHRIPISTON) has paid a dividend to shareholders in the last few years. … Let's take a look at Shriram Pistons & Rings in more detail. … Check out our latest analysis for Shriram Pistons & Rings

Simply Wall St -

Have Insiders Been Selling Shriram Pistons & Rings Limited (NSE:SHRIPISTON) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in Shriram Pistons & Rings Limited (NSE:SHRIPISTON). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'? … The Last 12 Months Of Insider Transactions At Shriram Pistons & Rings.

Simply Wall St -

Did Shriram Pistons & Rings Limited's (NSE:SHRIPISTON) Recent Earnings Growth Beat The Trend?

Assessing Shriram Pistons & Rings Limited's (NSE:SHRIPISTON) past track record of performance is a valuable exercise for investors. … See our latest analysis for Shriram Pistons & Rings? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 21%, indicating the rate at which SHRIPISTON is growing has slowed down

Simply Wall St -

Are Shriram Pistons & Rings Limited's (NSE:SHRIPISTON) Interest Costs Too High?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Shriram Pistons & Rings Limited (NSE:SHRIPISTON): A Look At Solid Capital Returns

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Thus, to understand how your money can grow by investing in Shriram Pistons & Rings, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … Shriram Pistons & Rings's Return On Capital Employed

Simply Wall St -

SHRIPISTON Company Info

Description

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 operating in the passenger vehicle, two/three wheeler, commercial vehicle, tractor, and industrial engine markets. The company was incorporated in 1963 and is headquartered in New Delhi, India.

Details
Name: Shriram Pistons & Rings Limited
SHRIPISTON
Exchange: NSEI
Founded: 1963
₹19,354,298,880
22,374,912
Website: http://www.shrirampistons.com
Address: Shriram Pistons & Rings Limited
Himalaya House,
3rd Floor,
New Delhi,
Delhi, 110001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI SHRIPISTON Equity Shares National Stock Exchange of India IN INR 02. Jun 2016
Number of employees
Current staff
Staff numbers
0
Shriram Pistons & Rings employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 13:06
End of day share price update: 2019/07/18 00:00
Last earnings filing: 2019/06/12
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.