Shriram Pistons & Rings Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: SHRIPISTON | Engineering - Industrial Equipments | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Shriram Pistons & Rings

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

Shriram Pistons & Rings stock performance -

mw4me loader
P/E Ratio (SA):
20.16
Market Cap:
9,428 Cr.
52-wk low:
0
52-wk high:
0

Is Shriram Pistons & Rings Ltd an attractive stock to invest in?

1. Is Shriram Pistons & Rings Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shriram Pistons & Rings Ltd is a good quality company.

2. Is Shriram Pistons & Rings Ltd undervalued or overvalued?

The key valuation ratios of Shriram Pistons & Rings Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Shriram Pistons & Rings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Shriram Pistons & Rings Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Shriram Pistons & Rings:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shriram Pistons & Rings Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 12.1%16.7%19.3%21.7%20.1%8.6%10.9%17.6%26.1%30.5%-
Value Creation
Index
-0.10.20.40.60.4-0.4-0.20.30.91.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2441,3931,4631,7291,9551,6071,5972,0652,6052,9543,045
Sales YoY Gr.-11.9%5%18.3%13%-17.8%-0.6%29.3%26.2%13.4%-
Adj EPS 11.919.8253030.414.418.535.365.699.2106.2
YoY Gr.-67.3%26.1%19.8%1.5%-52.6%28.6%90.5%85.9%51.2%-
BVPS (₹) 133.5153.2175.3201.9227.2237254.4282.7345440.4494.7
Adj Net
Profit
53.188.811213413664.582.9155289437468
Cash Flow from Ops. 129255183175157297190219399474-
Debt/CF from Ops. 2.41.11.210.80.40.60.60.70.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.1%8.6%22.8%13.4%
Adj EPS 26.6%26.7%74.9%51.2%
BVPS14.2%14.2%20.1%27.7%
Share Price - 23.7% 32.1% 115.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
9.113.61515.7146.27.512.920.825.122.7
Op. Profit
Mgn %
15.316.717.51715.111.313.514.817.821.321.3
Net Profit
Mgn %
4.36.47.77.8745.27.511.114.815.4
Debt to
Equity
0.50.40.30.20.10.10.10.10.20.20
Working Cap
Days
122125138149160180160138125133108
Cash Conv.
Cycle
5949415062746054474264

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.70%

Sales growth is growing at healthy rate in last 3 years 22.76%

Net Profit is growing at healthy rate in last 3 years 74.92%

Sales growth is not so good in last 4 quarters at 9.00%

Latest Financials - Shriram Pistons & Rings Ltd

Standalone Consolidated
TTM EPS (₹) 106.2 106.1
TTM Sales (₹ Cr.) 3,045 3,335
BVPS (₹.) 494.7 490.1
Reserves (₹ Cr.) 2,135 2,115
P/BV 4.33 4.37
PE 20.16 20.18
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 9,428
Equity (₹ Cr.) 44.1
Face Value (₹) 10
Industry PE 60.4

Management X-Ray of Shriram Pistons & Rings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shriram Pistons & Rings

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,2441,3931,4631,7291,9551,6071,5972,0652,6052,954
Operating Expenses 1,0541,1601,2071,4371,6611,4251,3811,7602,1422,324
Manufacturing Costs327354380446465381372490561620
Material Costs3764074135046515545417421,0391,102
Employee Cost 236273279336369344336392409445
Other Costs 115126136151176146133136133157
Operating Profit 190233255293294182216304463630
Operating Profit Margin (%) 15.3%16.7%17.4%16.9%15.0%11.3%13.5%14.7%17.8%21.3%
Other Income 17172625242020294681
Interest 32262016141213111925
Depreciation 96939090941031031029387
Exceptional Items 0000000000
Profit Before Tax 7913117121120986120220397599
Tax 2239537271133157101152
Profit After Tax 57921181391387389164296447
PAT Margin (%) 4.6%6.6%8.1%8.0%7.1%4.5%5.6%7.9%11.3%15.1%
Adjusted EPS (₹)12.820.526.431.030.916.319.837.167.1101.4
Dividend Payout Ratio (%)14%10%13%16%16%18%15%13%11%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 6076957949131,0261,0711,1481,2551,5301,950
Share Capital 22222222222222222244
Reserves 5856737728911,0041,0481,1261,2331,5081,906
Minority Interest0000000000
Debt218195155107758799113249295
Long Term Debt1961771216671424840137105
Short Term Debt221935414455173112190
Trade Payables142188209263271231288306290328
Others Liabilities 222214246280262196195233367443
Total Liabilities 1,1891,2921,4051,5631,6351,5851,7311,9082,4363,016

Fixed Assets

Gross Block1,3666817418079541,1811,2431,3271,3421,402
Accumulated Depreciation69984165252341440540638715795
Net Fixed Assets667597577555613741703689627607
CWIP 4691117198659
Investments 0188206613432192395
Inventories216208240281347291274333332354
Trade Receivables216223238321356239323355396442
Cash Equivalents 291001551818396255350621781
Others Assets57141178193214137134143264427
Total Assets 1,1891,2921,4051,5631,6351,5851,7311,9082,4363,016

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 129255183175157297190219399474
PBT 7913117121120986120220397599
Adjustment 125109899398111106967343
Changes in Working Capital -4958-26-57-81133-12-4034-20
Tax Paid -25-42-51-72-69-34-24-57-104-148
Cash Flow From Investing Activity -45-67-55-65-158-214-10-56-487-460
Capex -45-53-75-71-175-171-45-61-30-81
Net Investments 0-1712-619-5328-4-475-424
Others 02912-297101945
Cash Flow From Financing Activity -111-113-89-88-61-111-28-9197-12
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -68-79-85-61-44-3300135-5
Interest Paid -32-27-20-15-16-14-15-9-19-23
Dividend Paid -9-11-13-2200-13-13-31-33
Others -2429100-650-691248
Net Cash Flow -27753921-62-2815272102
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)9.9914.2916.0716.4614.427.038.0713.7221.3825.82
ROCE (%)12.1116.7119.2721.7120.068.5510.9217.5726.1330.51
Asset Turnover Ratio1.141.251.21.21.2210.961.131.221.12
PAT to CFO Conversion(x)2.262.771.551.261.144.072.131.341.351.06
Working Capital Days
Receivable Days53525257636864605250
Inventory Days53505054597265544641
Payable Days134148176171150165175146105102

Shriram Pistons & Rings Ltd Stock News

Shriram Pistons & Rings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shriram Pistons & Rings on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Shriram Pistons & Rings stood at ₹9,428.
The latest P/E ratio of Shriram Pistons & Rings as of 01-Jan-1970 05:30 is 20.16.
The latest P/B ratio of Shriram Pistons & Rings as of 01-Jan-1970 05:30 is 4.33.
The 52-week high of Shriram Pistons & Rings is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shriram Pistons & Rings is ₹3,045 ( Cr.) .

About Shriram Pistons & Rings Ltd

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