Upcoming Dividend • Jul 13
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 20 July 2026. Payment date: 25 August 2026. Payout ratio is a comfortable 8.0% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.6%). Reported Earnings • Jul 06
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: ₹125 (up from ₹115 in FY 2025). Revenue: ₹44.6b (up 26% from FY 2025). Net income: ₹5.53b (up 9.0% from FY 2025). Profit margin: 12% (down from 14% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 9.3%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Auto Components industry in India. Duyuru • Jun 18
SPR Auto Technologies Limited Announces Resignation of Pankaj Gupta from Company Secretary and Compliance Officer Roles, Effective June 15, 2026 SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) announced that Mr. Pankaj Gupta, Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company, had tendered his resignation vide letter dated March 27, 2026, due to personal reasons. The Management of the Company accepted his resignation, and he was relieved of his duties and responsibilities from the closure of business hours on June 15, 2026 (i.e., last working day). Mr. Pankaj Gupta resigned from the position of Head - Legal, Company Secretary & Compliance Officer (KMP) of Shriram Pistons & Rings Limited, along with resignation from all other designated positions held by him in the Company, with effect from the close of business hours on June 15, 2026, due to personal reasons. Declared Dividend • May 14
Final dividend of ₹5.00 announced Dividend of ₹5.00 is the same as last year. Ex-date: 20th July 2026 Payment date: 26th August 2026 Dividend yield will be 0.3%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 11% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 13
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: ₹125 (up from ₹115 in FY 2025). Revenue: ₹45.7b (up 29% from FY 2025). Net income: ₹5.53b (up 9.0% from FY 2025). Profit margin: 12% (down from 14% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 9.3%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in India. Duyuru • May 12
SPR Auto Technologies Limited, Annual General Meeting, Jul 27, 2026 SPR Auto Technologies Limited, Annual General Meeting, Jul 27, 2026. Duyuru • May 04
SPR Auto Technologies Limited to Report Q4, 2026 Results on May 11, 2026 SPR Auto Technologies Limited announced that they will report Q4, 2026 results on May 11, 2026 Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹3,607, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 28x in the Auto Components industry in India. Total returns to shareholders of 104% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₹2,471 per share. Buy Or Sell Opportunity • Apr 08
Now 26% overvalued Over the last 90 days, the stock has fallen 4.5% to ₹3,135. The fair value is estimated to be ₹2,490, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 69% in 2 years. Earnings are forecast to grow by 49% in the next 2 years. Buy Or Sell Opportunity • Mar 10
Now 22% overvalued Over the last 90 days, the stock has fallen 3.9% to ₹3,029. The fair value is estimated to be ₹2,483, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 72% in 2 years. Earnings are forecast to grow by 51% in the next 2 years. Buy Or Sell Opportunity • Feb 23
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to ₹3,075. The fair value is estimated to be ₹2,488, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 72% in 2 years. Earnings are forecast to grow by 51% in the next 2 years. Buy Or Sell Opportunity • Feb 04
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to ₹3,109. The fair value is estimated to be ₹2,368, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 72% in 2 years. Earnings are forecast to grow by 51% in the next 2 years. Reported Earnings • Feb 03
Third quarter 2026 earnings released: EPS: ₹27.93 (vs ₹27.22 in 3Q 2025) Third quarter 2026 results: EPS: ₹27.93 (up from ₹27.22 in 3Q 2025). Revenue: ₹10.6b (up 25% from 3Q 2025). Net income: ₹1.23b (up 2.6% from 3Q 2025). Profit margin: 12% (down from 14% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Duyuru • Jan 24
Shriram Pistons & Rings Limited to Report Q3, 2026 Results on Feb 02, 2026 Shriram Pistons & Rings Limited announced that they will report Q3, 2026 results on Feb 02, 2026 Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹3,053, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 29x in the Auto Components industry in India. Reported Earnings • Nov 05
Second quarter 2026 earnings released: EPS: ₹31.76 (vs ₹28.32 in 2Q 2025) Second quarter 2026 results: EPS: ₹31.76 (up from ₹28.32 in 2Q 2025). Revenue: ₹10.4b (up 19% from 2Q 2025). Net income: ₹1.40b (up 12% from 2Q 2025). Profit margin: 13% (in line with 2Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Auto Components industry in India. Duyuru • Oct 29
Shriram Pistons & Rings Limited to Report Q2, 2026 Results on Nov 04, 2025 Shriram Pistons & Rings Limited announced that they will report Q2, 2026 results on Nov 04, 2025 Duyuru • Jul 18
Shriram Pistons & Rings Limited to Report Q1, 2026 Results on Aug 01, 2025 Shriram Pistons & Rings Limited announced that they will report Q1, 2026 results on Aug 01, 2025 Upcoming Dividend • Jul 18
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 25 July 2025. Payment date: 31 August 2025. Payout ratio is a comfortable 8.7% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.7%). Board Change • Jul 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Akihiro Ozaki was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 09
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: ₹115 (up from ₹100 in FY 2024). Revenue: ₹36.6b (up 19% from FY 2024). Net income: ₹5.07b (up 14% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Auto Components industry in India. Duyuru • May 08
Shriram Pistons & Rings Limited, Annual General Meeting, Aug 01, 2025 Shriram Pistons & Rings Limited, Annual General Meeting, Aug 01, 2025. Buy Or Sell Opportunity • May 08
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 4.5% to ₹2,116. The fair value is estimated to be ₹1,621, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Duyuru • May 01
Shriram Pistons & Rings Limited to Report Q4, 2025 Results on May 07, 2025 Shriram Pistons & Rings Limited announced that they will report Q4, 2025 results at 12:08 PM, Indian Standard Time on May 07, 2025 Buy Or Sell Opportunity • Apr 22
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ₹1,905. The fair value is estimated to be ₹1,581, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Duyuru • Apr 02
Shriram Pistons & Rings Limited (NSEI:SHRIPISTON) acquired Karna Intertech Private Limited from existing shareholders for INR 50 million. Shriram Pistons & Rings Limited (NSEI:SHRIPISTON) agreed to acquire Karna Intertech Private Limited from existing shareholders for INR 50 million on March 7, 2025. A cash consideration of INR 50 million will be paid by Shriram Pistons & Rings Limited. As part of consideration, INR 50 million is paid towards common equity of Karna Intertech Private Limited.
For the period ending March 31, 2024, Karna Intertech Private Limited reported total revenue of INR 49.98 million.
The expected completion of the transaction is on or before April 15, 2025.
Shriram Pistons & Rings Limited (NSEI:SHRIPISTON) completed the acquisition of Karna Intertech Private Limited from existing shareholders on April 1, 2025. Buy Or Sell Opportunity • Mar 06
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at ₹1,867. The fair value is estimated to be ₹1,529, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Duyuru • Feb 07
Shriram Pistons & Rings Limited Approves Interim Dividend for the Financial Year 2024-25, Payable on March 4, 2025 Shriram Pistons & Rings Limited informed that the Board of Directors of the Company at its meeting held on February 3, 2025, approved the interim dividend @50% i.e INR 5 per share (face value of INR 10/- per share) for the Financial Year 2024-25 to be paid to the shareholders whose name appear in Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on February 7, 2025 which is the Record Date fixed for the purpose. The payment of interim dividend/dispatch of dividend warrants will be completed by March 4, 2025. Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: ₹27.22 (vs ₹24.37 in 3Q 2024) Third quarter 2025 results: EPS: ₹27.22 (up from ₹24.37 in 3Q 2024). Revenue: ₹8.48b (up 11% from 3Q 2024). Net income: ₹1.20b (up 12% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Duyuru • May 16
Shriram Pistons & Rings Limited, Annual General Meeting, Jul 24, 2024 Shriram Pistons & Rings Limited, Annual General Meeting, Jul 24, 2024.