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SPR Auto Technologies

SHRIPISTON NSE
₹4,257.50 −82.30 (−1.90%)
P/E
33.28
View as Markdown
MCP
Close 4 Nov 2026 ₹4,257.50 +1,598.30 +60.1% 1Y
Start ₹2,659.20

Key Fundamentals

SmallcapAuto ComponentsConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
20.80%
Debt to Equity
0.68
EPS (TTM)
₹127.94
Book Value
₹898.73
Market Cap
—
P/E (TTM)
33.28
P/B
4.74
ROE
21.40%
Dividend Yield
0.23%
EBITDA
₹989 Cr
52W High
₹4,843.00
52W Low
₹2,525.80
Day Range
₹4,235.80 – ₹4,360.00
Volume
55,057

Peer Comparison

Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments

SPR Auto Technologies peer comparison
Samvardhana Motherson International
₹159.4938.43₹1,68,660 Cr3.980.37%11.20%13.40%₹1,31,135 Cr₹4,556 Cr
Bosch
₹50,925.0063.56₹1,48,351 Cr10.110.54%14.60%21.50%₹21,088 Cr₹2,363 Cr
Bharat Forge
₹1,812.80122.74₹86,739 Cr7.650.48%12.00%12.60%₹17,543 Cr₹715 Cr
UNO Minda
₹1,196.9057.49₹67,494 Cr10.130.24%19.30%19.60%₹20,725 Cr₹1,291 Cr
Sona BLW Precision Forgings
₹893.7074.48₹56,293 Cr8.700.38%11.70%15.10%₹4,514 Cr₹746 Cr
Schaeffler India
₹3,507.2042.47₹55,555 Cr8.920.99%20.80%27.90%₹10,192 Cr₹1,292 Cr
Tube Investment
₹2,250.5071.81₹42,644 Cr5.620.16%9.95%17.10%₹23,754 Cr₹1,109 Cr
SPR Auto Technologies (this company)
₹4,257.5033.28₹20,067 Cr4.740.23%21.40%20.80%₹4,970 Cr₹575 Cr
Median 8 companies₹2,031.6560.53₹61,893 Cr8.180.38%13.30%18.35%₹19,134 Cr₹1,200 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

61 Good

Data confidence 100/100

Category scores

Quality
58
Good
Returns, margins, earnings quality 22% weight
Valuation
71
Strong
Cheap vs sector & own history 24% weight
Growth
92
Strong
Sales & profit trajectory 9% weight
Financial Health
28
Poor
Solvency, leverage, coverage 9% weight
Momentum
69
Strong
Trend strength, vol-adjusted 12% weight
Ownership
45
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish946
OscillatorsBullish243
Moving AveragesStrong Bearish703

Key readings

RSI (14)
42.90
Neutral
MACD (12,26,9)
−37.77
Bearish
SMA (50)
4,471.90
Bearish
SMA (200)
3,760.29
Bullish

As of

Analyst Rating

Based on 2 analysts
BUY100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
2
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.34%
5Y+22.80%
3Y+19.56%
1Y+25.61%
TTM+35.21%

Net profit

Net profit growth by window
10Y+19.82%
5Y+44.52%
3Y+24.03%
1Y+8.72%
TTM+7.68%

Operating cash flow

Operating cash flow growth by window
10Y+9.38%
5Y+26.89%
3Y+16.53%
1Y+44.01%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+3.00 pp
5Y+6.12 pp
3Y+2.02 pp
1Y−0.74 pp
TTM−1.59 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,463 Cr
Mar 2018₹1,729 Cr
Mar 2019₹1,955 Cr
Mar 2020₹1,607 Cr
Mar 2021₹1,597 Cr
Mar 2022₹2,065 Cr
Mar 2023₹2,609 Cr
Mar 2024₹3,089 Cr
Mar 2025₹3,550 Cr
Mar 2026₹4,459 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹118 Cr
Mar 2018₹139 Cr
Mar 2019₹138 Cr
Mar 2020₹73.00 Cr
Mar 2021₹89.00 Cr
Mar 2022₹164 Cr
Mar 2023₹294 Cr
Mar 2024₹439 Cr
Mar 2025₹516 Cr
Mar 2026₹561 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹282 Cr −6.1% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk medium

SPR Auto Technologies Ltd trades at ₹4,241.40 as of 2026-11-02 with a market cap of ₹19,557.38 crore and a trailing PE of 33.15. The company has delivered 45% compounded profit growth over 5 years and 23% compounded sales growth over the same period, while carrying a debt-to-equity ratio of 0.68 and a price-to-book of 5.06.

Bull Case 8
  • Strong 5-year compounded profit growth of 45% CAGR demonstrates sustained earnings expansion well above broader market averages
  • Compounded sales growth of 23% over 5 years and an accelerating TTM sales growth of 35% suggest the revenue trajectory is strengthening
  • ROE of 18.6% as of 2026-11-02, with a 3-year average ROE of 23%, reflects consistent and efficient deployment of shareholder capital
  • ROCE of 18.02% indicates the company is generating healthy returns on total capital employed, comfortably above typical cost-of-capital benchmarks
  • Stock price CAGR of 61% over 3 years and 59% over 5 years shows the market has been rewarding the company's operational performance over extended periods
  • 10-year compounded profit growth of 20% and 10-year sales growth of 12% point to a long track record of sustained business expansion across market cycles
  • The stock is trading approximately 12.4% below its 52-week high of ₹4,843, suggesting some correction from peak levels has already occurred
  • Company is expected to deliver a good upcoming quarter based on operational trends
Bear Case 8
  • Trailing PE of 33.15 is elevated, pricing in significant future growth and leaving limited room for earnings disappointments
  • Price-to-book ratio of 5.06 as of 2026-11-02 is steep, implying the stock trades at a substantial premium to its book value
  • Promoter holding decreased by 2.20% in the most recent quarter, which may signal reduced insider confidence or dilution concerns
  • TTM profit growth has decelerated to 11% compared to the 5-year CAGR of 45%, indicating a potential slowdown in earnings momentum
  • Debt-to-equity ratio of 0.68 introduces financial leverage risk, and the company might be capitalizing interest costs, which could overstate reported profitability
  • Dividend yield of just 0.23% offers negligible income return, making the investment case entirely dependent on capital appreciation
  • The stock has appreciated 72% over the last 1 year, raising the risk of mean reversion or a correction if growth expectations are not met
  • The gap between TTM sales growth of 35% and TTM profit growth of 11% suggests margin compression or rising cost pressures that are eating into bottom-line expansion

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: SPR Auto Technologies is delivering strong returns with a 47% rally in six months, backed by a compelling transformation from a piston manufacturer into a diversified mobility platform. The core piston business generates industry-leading margins and RoCE above 50%, while acquisitions are expanding content per vehicle 6x. The ₹10 billion QIP and 21% projected PAT CAGR underpin a robust growth runway, though investors should monitor the ₹1,000 crore NCD debt load and execution risk on integrating multiple acquisitions. The trend is firmly positive with the upcoming Q2FY27 results on November 2 as the next key catalyst.

Positives 4
  • Stock surges 47% in 6 months Nov 3

    Shares rallied 47% in six months and 76% over one year, with a 46.51% gain in 2026 YTD, reflecting strong investor confidence in the transformation strategy.

  • 21% PAT CAGR projected Nov 3

    PAT is expected to grow at a 21% CAGR over the next few years, with EBITDA margin improving to 19.2% by FY29 and consolidated core RoCE rising to 28% from 20%.

  • Diversification via acquisitions Nov 3

    Acquisitions of Antolin, Takahata, TGPEL and EMFi expand content per vehicle 6x to over ₹30,000, diversifying beyond traditional pistons into precision plastic molding and powertrain-agnostic products.

Neutral 2
  • Q2FY27 earnings call scheduled Oct 16

    Q2 and H1 FY27 earnings conference call is scheduled for November 2, 2026 at 4:00 pm IST, open to analysts and investors.

  • ₹1,000 crore NCDs outstanding Oct 14

    Reported ₹1,000 crore in outstanding non-convertible debentures as of September 30, 2026, across two tranches at 7.30% and 7.35% coupons.

Quarterly Results

₹ Cr
SHRIPISTON quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
716
752
766
856
837
876
848
988
963
1,016
1,023
1,456
1,474
1,648
Expenses
570
594
604
679
672
699
677
778
768
809
817
1,188
1,216
1,374
Operating Profit
146
158
161
177
165
178
170
210
195
207
206
268
258
274
OPM %
20%
21%
21%
21%
20%
20%
20%
21%
20%
20%
20%
18%
18%
17%
Other Income
19
23
19
24
26
30
27
27
28
26
8
24.9
25
26
Interest
6
7
8
9
9
9
8
8
9
8
12
33
34
32
Depreciation
23
22
29
34
30
31
31
28
32
33
33
52
53
56
PBT
136
151
143
158
154
168
159
201
183
192
169
206
195
213
Tax %
26%
25%
25%
26%
24%
25%
24%
25%
26%
26%
26%
23%
24%
24%
Net Profit
101
113
108
116
117
126
121
152
135
142
126
159
148
162
EPS (₹)
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
—

Sep 2026: from the results filed on 30 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
SHRIPISTON profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
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

₹ Cr
SHRIPISTON balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
SHRIPISTON cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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/EBITDA
81
128
92
84
76
182
99
91
108
100
83
91

Ratios

SHRIPISTON financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view SPR Auto Technologies insights

59 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 41.55%
  • Others 24.13%
  • DIIs 16.53%
  • Public 10.38%
  • FIIs 7.41%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

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.
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 Automobiles sector, in the Auto Components industry.
What is the PE ratio of SPR Auto Technologies Ltd?
SPR Auto Technologies Ltd trades at a PE ratio of 33.28 as of 4 Nov 2026, on earnings per share of ₹127.94, against a book value of ₹898.73 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 ₹4,843 as of 4 Nov 2026.
Does SPR Auto Technologies Ltd pay dividends?
SPR Auto Technologies Ltd has a dividend yield of 0.23%.
What is the Return on Equity (ROE) of SPR Auto Technologies Ltd?
SPR Auto Technologies Ltd reported a return on equity of 21.40%. 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.

Website shrirampistons.com
Listed 2 Jun 2016
Face Value ₹10

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