SPR Auto Technologies
SHRIPISTON NSE
SPR Auto Technologies
Consumer DiscretionaryNSE: SHRIPISTON BSE: 544344 Auto Components
Key Fundamentals
SmallcapAuto ComponentsAutomobilesMarket Cap
₹20,366 Cr
Volatility
Moderate
P/E Ratio
34.17
EBITDA
₹989 Cr
Return on Equity
18.6%
Debt to Equity
0.68
Book Value
₹838.91
EPS
₹103.54
52W High
₹4,785.8
52W Low
₹2,525.8
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is expected to give good quarter
- Company has delivered good profit growth of 45.1% CAGR over last 5 years
Weaknesses
2- Promoter holding has decreased over last quarter: -2.20%
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
24.86% higher than
3Y
Net Income Growth
8.88% lower than
3Y
Cash Flow Change
43.89% higher than
3Y
ROE
-9.88% lower than
3Y
ROCE
-29.33% higher than
3Y
EBITDA Margin (Avg.)
-5.3% higher than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoAI opinion · based on fundamentals
Risk medium
SPR Auto Technologies (SHRIPISTON) is a consumer discretionary company with a market cap of ₹20,366 Cr, trading at a P/E of 35.9x and P/B of 5.3x. The company has delivered strong 5-year profit CAGR of 45% and 5-year sales CAGR of 23%, while its stock has compounded at 57% CAGR over 5 years. ROE stands at 21% for the last year, with a modest dividend yield of 0.22%.
Bull Case 7
- Exceptional 5-year compounded profit growth of 45% CAGR indicates strong earnings momentum and operational leverage in the business
- Consistent ROE profile with 3-year ROE at 23%, 5-year at 21%, and last year at 21%, reflecting efficient capital allocation and durable return generation
- TTM sales growth of 35% suggests accelerating top-line momentum, well above the 10-year sales CAGR of 12%
- 5-year compounded sales CAGR of 23% demonstrates sustained demand tailwinds in the auto components space over a medium-term horizon
- Stock CAGR of 70% over 1 year and 60% over 3 years reflects strong market re-rating driven by improving fundamentals
- Company is expected to deliver a good upcoming quarter, suggesting near-term earnings visibility remains intact
- 10-year ROE of 18% shows the company has maintained above-average profitability even through multiple business cycles
Bear Case 8
- P/E of 35.9x is elevated for an auto components company, leaving limited margin of safety if growth decelerates from the current 35% TTM sales growth
- P/B of 5.3x implies significant premium to book value, pricing in substantial future growth that may already be discounted
- Promoter holding decreased by 2.20% in the last quarter, which may signal reduced insider confidence or dilution concerns
- Company might be capitalizing interest costs, which could overstate reported profitability and asset values, masking true debt servicing burden
- TTM profit growth of only 11% has decelerated sharply from the 5-year CAGR of 45%, suggesting potential margin compression or rising input costs
- Dividend yield of just 0.22% indicates minimal cash return to shareholders despite strong reported profitability
- 10-year sales CAGR of 12% versus the recent 35% TTM growth raises sustainability questions — mean reversion in growth rates is a material risk
- 52-week high and low data unavailable (reported as 0), limiting visibility into recent price range and potential downside from peak valuations
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago Positives 2
- Solar stake for captive power Aug 25
SPR Auto is investing ₹6 crore to acquire a 23.21% stake in Sunsure Solarpark Forty Pvt Ltd, securing captive solar power for its Rajasthan facility to reduce energy costs.
- QIP to raise ₹10,000 million Aug 17
SPR Auto opened a qualified institutional placement at a floor price of ₹4,438.20 per share, aiming to raise up to ₹10,000 million from institutional buyers to fund growth.
Neutral 1
- NCD interest payment record date Sep 7
SPR Auto set the record date for interest payment on its Series I and II listed non-convertible debentures, with payments scheduled for September 30, 2026.
TL;DR: SPR Auto is actively pursuing growth through a sizable ₹10,000 million QIP raise and making strategic moves to lower operating costs via captive solar power. No immediate headwinds are visible in recent news flow. The NCD servicing remains on schedule, signaling stable debt management. The near-term outlook is constructive, provided the QIP is well-subscribed and capital is deployed efficiently.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 716 | 752 | 766 | 856 | 837 | 876 | 848 | 988 | 963 | 1,016 | 1,023 | 1,456 | 1,474 |
| Expenses | 570 | 594 | 604 | 679 | 672 | 699 | 677 | 778 | 768 | 809 | 817 | 1,188 | 1,216 |
| Operating Profit | 146 | 158 | 161 | 177 | 165 | 178 | 170 | 210 | 195 | 207 | 206 | 268 | 258 |
| OPM % | 20% | 21% | 21% | 21% | 20% | 20% | 20% | 21% | 20% | 20% | 20% | 18% | 18% |
| Other Income | 19 | 23 | 19 | 24 | 26 | 30 | 27 | 27 | 28 | 26 | 8 | 23 | 25 |
| Interest | 6 | 7 | 8 | 9 | 9 | 9 | 8 | 8 | 9 | 8 | 12 | 33 | 34 |
| Depreciation | 23 | 22 | 29 | 34 | 30 | 31 | 31 | 28 | 32 | 33 | 33 | 52 | 53 |
| PBT | 136 | 151 | 143 | 158 | 154 | 168 | 159 | 201 | 183 | 192 | 169 | 206 | 195 |
| Tax % | 26% | 25% | 25% | 26% | 24% | 25% | 24% | 25% | 26% | 26% | 26% | 23% | 24% |
| Net Profit | 101 | 113 | 108 | 116 | 117 | 126 | 121 | 152 | 135 | 142 | 126 | 159 | 148 |
| EPS in Rs | 23.17 | 25.8 | 24.37 | 27.15 | 26.22 | 28.33 | 27.2 | 33.26 | 30.35 | 31.76 | 27.92 | 35.48 | 32.78 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,244 | 1,393 | 1,463 | 1,729 | 1,955 | 1,607 | 1,597 | 2,065 | 2,609 | 3,089 | 3,550 | 4,459 | 4,970 |
| Expenses | 1,054 | 1,161 | 1,207 | 1,436 | 1,660 | 1,425 | 1,381 | 1,760 | 2,149 | 2,447 | 2,826 | 3,583 | 4,031 |
| Operating Profit | 190 | 232 | 255 | 293 | 295 | 182 | 216 | 304 | 460 | 642 | 724 | 876 | 939 |
| OPM % | 15% | 17% | 17% | 17% | 15% | 11% | 14% | 15% | 18% | 21% | 20% | 20% | 19% |
| Other Income | 17 | 18 | 26 | 24 | 22 | 20 | 19 | 29 | 47 | 85 | 111 | 85 | 82 |
| Interest | 32 | 26 | 20 | 16 | 14 | 12 | 13 | 11 | 19 | 30 | 34 | 62 | 87 |
| Depreciation | 96 | 93 | 90 | 90 | 94 | 103 | 103 | 102 | 95 | 108 | 120 | 149 | 170 |
| PBT | 79 | 131 | 171 | 211 | 209 | 86 | 120 | 220 | 393 | 589 | 682 | 751 | 763 |
| Tax % | 28% | 30% | 31% | 34% | 34% | 15% | 26% | 26% | 25% | 26% | 24% | 25% | — |
| Net Profit | 57 | 92 | 118 | 139 | 138 | 73 | 89 | 164 | 294 | 439 | 516 | 561 | 575 |
| EPS in Rs | 12.82 | 20.5 | 26.42 | 31.07 | 30.97 | 16.34 | 19.85 | 37.18 | 66.7 | 100 | 115 | 125 | 128 |
| Div. Payout % | 14% | 10% | 13% | 16% | 16% | 18% | 15% | 13% | 11% | 10% | 9% | 8% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 44 | 44 | 44 |
| Reserves | 585 | 673 | 772 | 891 | 1,004 | 1,048 | 1,126 | 1,233 | 1,505 | 1,882 | 2,350 | 2,857 |
| Borrowings | 310 | 289 | 226 | 179 | 97 | 135 | 146 | 157 | 333 | 487 | 508 | 1,968 |
| Other Liabilities | 272 | 308 | 334 | 398 | 445 | 352 | 409 | 438 | 512 | 723 | 821 | 1,273 |
| Total Liabilities | 1,189 | 1,292 | 1,354 | 1,491 | 1,568 | 1,558 | 1,704 | 1,850 | 2,373 | 3,136 | 3,723 | 6,142 |
| Fixed Assets | 667 | 597 | 577 | 555 | 613 | 741 | 703 | 689 | 733 | 934 | 1,203 | 2,976 |
| CWIP | 4 | 6 | 9 | 11 | 17 | 19 | 8 | 6 | 5 | 31 | 58 | 96 |
| Investments | 0 | 18 | 8 | 20 | 6 | 61 | 34 | 32 | 72 | 115 | 36 | 135 |
| Other Assets | 518 | 672 | 760 | 904 | 934 | 737 | 959 | 1,124 | 1,563 | 2,056 | 2,425 | 2,935 |
| Total Assets | 1,189 | 1,292 | 1,354 | 1,491 | 1,568 | 1,558 | 1,704 | 1,850 | 2,373 | 3,136 | 3,723 | 6,142 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 129 | 255 | 183 | 175 | 157 | 297 | 190 | 219 | 395 | 487 | 434 | 625 |
| Investing | -45 | -67 | -55 | -65 | -157 | -214 | -10 | -56 | -209 | -422 | -385 | -1,815 |
| Financing | -111 | -113 | -89 | -88 | -61 | -111 | -28 | -91 | 53 | -42 | -61 | 1,252 |
| Net Cash Flow | -27 | 75 | 39 | 21 | -62 | -28 | 152 | 72 | 240 | 23 | -11 | 63 |
| Free Cash Flow | 85 | 205 | 111 | 104 | -18 | 126 | 145 | 158 | 273 | 340 | 266 | 437 |
| CFO/OP | 81 | 128 | 92 | 84 | 76 | 182 | 99 | 91 | 108 | 100 | 83 | 91 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 58 | 59 | 68 | 66 | 54 | 74 | 63 | 55 | 56 | 60 | 68 |
| Inventory Days | 196 | 175 | 213 | 190 | 184 | 182 | 175 | 155 | 113 | 114 | 116 | 111 |
| Days Payable | 129 | 157 | 185 | 178 | 144 | 144 | 184 | 142 | 115 | 104 | 101 | 121 |
| Cash Conversion Cycle | 130 | 75 | 87 | 80 | 107 | 92 | 65 | 75 | 53 | 66 | 75 | 58 |
| Working Capital Days | 44 | 36 | 38 | 41 | 64 | 44 | 44 | 44 | 27 | 21 | 29 | 1 |
| ROCE % | 12% | 16% | 19% | 21% | 20% | 8% | 11% | 17% | 25% | 28% | 26% | 21% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view SPR Auto Technologies insights
60 extracted metrics + investor summaries across FY15–FY27.
Documents
1
Announcement under Regulation 30 (LODR)-Change in Management
6h - Board approved up to Rs 10,000 million QIP, plus FY26 audited results, Rs 5 final dividend and AGM on July 27. 6h - Board approved up to Rs 10,000 million QIP, plus FY26 audited results, Rs 5 final dividend and AGM on July 27.
2
Board Fixes Date Of 62Nd Annual General Meeting (''AGM'') And Record Date
4h - Board approved FY26 audited results, Rs 5 final dividend, and up to Rs 10,000 million QIP. 4h - Board approved FY26 audited results, Rs 5 final dividend, and up to Rs 10,000 million QIP.
3
Appointment Of Cost Auditor For FY 2026-27
4h - Board approved audited FY26 results, final ₹5 dividend, and proposed ₹1,000 crore QIP for debt repayment/capex. 4h - Board approved audited FY26 results, final ₹5 dividend, and proposed ₹1,000 crore QIP for debt repayment/capex.
4
Announcement under Regulation 30 (LODR)-Press Release / Media Release
4h - FY26 consolidated income Rs 45,713 million, EBITDA Rs 9,885 million; Q4 income up 46% YoY. 4h - FY26 consolidated income Rs 45,713 million, EBITDA Rs 9,885 million; Q4 income up 46% YoY.
5
Update on board meeting
7 May - Board meeting on May 11, 2026 to consider fund raising via QIP, rights, preferential issue or FPO. 7 May - Board meeting on May 11, 2026 to consider fund raising via QIP, rights, preferential issue or FPO.
1
Intimation Under Regulation 60 Of SEBI Listing Regulations - Record Date For Payment Of Interest On Ncds 7 Sept 2026
General_Announcements
4
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 4 Sept 2026
General_Announcements
5
Intimation Under Regulation 30(5) SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 4 Sept 2026
General_Announcements
Frequently Asked Questions about SPR Auto Technologies
What does SPR Auto Technologies Ltd do?
Shriram Pistons & Rings Ltd is primarily engaged in the manufacturing of pistons, piston pins, piston rings and engine valves for various automotive companies in the domestic and export markets.[1]
Where is SPR Auto Technologies Ltd (SHRIPISTON) listed?
SPR Auto Technologies Ltd trades as SHRIPISTON on the NSE and under code 544344 on the BSE.
Which sector does SPR Auto Technologies Ltd belong to?
SPR Auto Technologies Ltd is classified under the Consumer Discretionary sector, in the Auto Components industry.
What is the market capitalisation of SPR Auto Technologies Ltd?
SPR Auto Technologies Ltd has a market capitalisation of ₹20,366 Cr, which places it in the Large Cap band.
What is the PE ratio of SPR Auto Technologies Ltd?
SPR Auto Technologies Ltd trades at a PE ratio of 34.17, on earnings per share of ₹103.54, against a book value of ₹838.91 per share.
What is the 52-week high and low of SPR Auto Technologies Ltd?
Over the last 52 weeks SPR Auto Technologies Ltd has traded between ₹2,525.8 and ₹4,785.8.
Does SPR Auto Technologies Ltd pay dividends?
SPR Auto Technologies Ltd has a dividend yield of 0.22%.
What is the Return on Equity (ROE) of SPR Auto Technologies Ltd?
SPR Auto Technologies Ltd reported a return on equity of 18.60%. Its debt-to-equity ratio is 0.68.
Company Information
Shriram Pistons & Rings Ltd is primarily engaged in the manufacturing of pistons, piston pins, piston rings and engine valves for various automotive companies in the domestic and export markets.[1]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/SHRIPISTON.md for SPR Auto Technologies Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.