Shriram Pistons & Rings Ltd

NSE
SHRIPISTON •
BUY

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Start SIP in Shriram Pistons & Rings Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
244.79% Gain from 52W Low
49.7
TTM PE Ratio
Below industry Median
18
Price to Book Ratio
Below industry Median
4.9
Dividend yield 1yr %
Below industry Median
0.4
TTM PEG Ratio
PEG TTM is less than 1
0.3
RSI
RSI is mid-range
52.3
MFI
MFI is mid-range
55.9

Shriram Pistons & Rings Ltd Key Financials

*All values are in ₹ Cr.

Shriram Pistons & Rings Ltd shareholding Pattern

Promoter
46.8%
Foreign Institutions
1.1%
Domestic Institutions
13.1%
Public
39.1%

Shriram Pistons & Rings Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
9
Bearish Moving Averages
7
5Day EMA
1,718.80
10Day EMA
1,727.20
12Day EMA
1,725.70
20Day EMA
1,703.60
26Day EMA
1,677.50
50Day EMA
1,562.50
100Day EMA
1,393.40
200Day EMA
1,187.40
Delivery & Volume
Resistance & Support
1,694.25
Pivot
Resistance
First Resistance
1,719.40
Second Resistance
1,746.40
Third Resistance
1,771.55
Support
First Support
1,667.25
Second support
1,642.10
Third Support
1,615.10
Relative Strength Index
52.26
Money Flow Index
55.89
MACD
48.28
MACD Signal
68.06
Average True Range
75.49
Average Directional Index
38.94
Rate of Change (21)
10.26
Rate of Change (125)
45.90

Shriram Pistons & Rings Ltd Company background

Founded in: 1963
Managing director: Krishnakumar Srinivasan
Shriram Pistons Rings Ltd was incorporated on December 9, 1963 as Public Limited Company. Indias largest exporter of pistons and rings, Shriram Pistons Rings is situated in Ghaziabad, Uttar Pradesh. For pistons, the company has tied up with Kolbenschmidt, Germany, the sole suppliers for BMW, Mercedes Benz, Volkswagen, Ford, Volvo, Peugeot, etc. It also has a technical tieup with Honda Foundry Company, Japan, for Hondamodel pistons. Shriram has a dedicated production line for Maruti Udyog.The Companys business activity falls under automotive component. Primary products manufactured by the Company are pistons, piston pins, piston rings and engine valves. It regularly exports pistons, piston pins and rings, and engine valves to Germany, Britain, Holland, Belgium, Greece, Egypt, West Asia, central Asian Republics, South America and Australia, amongst others.The Company deploys most modern manufacturing equipment and processes, using stateoftheart technology. SPR has evolved into a centre of manufacturing excellence, employing over 9000 motivated and multiskilled employees. The Company is the largest manufacturer of Pistons, Pins, Rings, and Engine Valves in India with two Manufacturing units in Ghaziabad, Uttar Pradesh and one in Pathredi (Rajasthan). Its products are marketed to almost all OEMs and Aftermarkets under the brands SPR and USHA.In 199495, the company received the ISO 9001 certification from RW TUV, Germany, for its pistons/pins/rings division and marketing functions of the company. The company diversified into the manufacture of steel rings and Rikvent oilcontrol rings. It had set up manufacturing facilities for steel rings in collaboration with Riken Corporation, Japan, as also expanded its piston capacity. Steel ring plant and the expanded capacity of pistons were commissioned in 1995.The company meets the total requirements of pistons for the Honda joint ventures in India. During 199697 its Piston Plant capacity was expanded by setting up an additional machining line to manufacture Gasoline pistons. Engine Valve plant capacity expansion was also implemented during the year.During 199798, the company received the recognition of a Export House, also the Best Vendor award from Maruti Udyog Ltd. SPRL has received QS9000 accredition from RWTUV, Germany during 199899. It also received the ACMA Quality Award and the Best Performing Supplier Award from Tata Cummins Ltd and Certificate of Export Excellence from Engineering Export Promotion Council in the year 19992000.The company introduced New models/pistons/piston rings,pins/engine valves. It has expanded the installed capacity of Piston Ring Works during 200203.During year 201819, Shriram Automotive Products Ltd.(SAPL) was amalgamated with the Company effective on 29.03.2019. The Company implemented low cost automation, interlinking of machines, and installation of robots in Foundry operations.During year 201920, the Company set up a Centre of Excellence for Surface Treatment, it identified projects for diversification of its product portfolio, for continuous growth in sales and to minimize the impact of electric mobility in some segments.SPR Engenious Limited was formed as a wholly owned subsidiary of the Company for diversifying its product portfolio in the area related to the automotive segment on 26.9.2022. The Company through its wholly owned subsidiary SPR Engenious Ltd. acquired 51% stake in the share capital of EMF Innovations Private Limited (EMFI) in 2022.
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Shriram Pistons & Rings Ltd FAQs

The past 1-year return of Shriram Pistons & Rings Ltd [SHRIPISTON] share was 186.55. The Shriram Pistons & Rings Ltd [SHRIPISTON] share hit a 1-year low of Rs. 490.85 and a 1-year high of Rs. 1866.95.

The market cap of Shriram Pistons & Rings Ltd is Rs. 7454.99 Cr. as of 2/21/2024 12:00:00 AM.

The PE ratios of Shriram Pistons & Rings Ltd is 17.8 as of 2/21/2024 12:00:00 AM.

The PB ratios of Shriram Pistons & Rings Ltd is 4.31 as of 2/21/2024 12:00:00 AM

The Mutual Fund Shareholding was 0.03% at the end of 2/21/2024 12:00:00 AM.

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