Shriram Pistons & Rings Ltd

Shriram Pistons & Rings Ltd

The Emerging Companies 2025
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OVERVIEW
FINANCIALS

About

Shriram Pistons & Rings Limited (SPRL), established on December 9, 1963, by Dr. Charat Ram, is India’s largest manufacturer of pistons, piston rings, engine valves, and pins. A part of the renowned Shriram Group, SPRL is headquartered in Delhi and is a trusted supplier to leading OEMs in India, Europe, the USA, and Asia. With a state-of-the-art Tech Centre, SPRL has the capability to design, develop, validate, and manufacture high-precision engine components. The company is spearheaded by Krishnakumar Srinivasan, Managing Director & CEO. SPRL’s products are marketed under the SPR and USHA brands, known for quality and reliability in both the OEM and aftermarket segments. The company also operates through its subsidiaries, including SPR Engenious Limited (SEL), SPR EMF Innovations Pvt. Ltd. (SPR EMFI), and SPR Takahata Precision India Pvt. Ltd. (SPR TPIL).

Incorporation Year: 1963
Headquarters: Delhi
Top Management: Krishnakumar Srinivasan, Managing Director & CEO.
Industry: Auto Ancillaries

Featured In Fortune India Ranking

#10(2025)
Next 500 India
#122(2024)#90(2023)#67(2022)#64(2021)#24(2020)#41(2019)#90(2018)#95(2017)#126(2016)#200(2015)
#122(2024)#90(2023)#67(2022)#64(2021)#24(2020)#41(2019)#90(2018)#95(2017)#126(2016)#200(2015)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
3,181
(INR Cr)
Net Operating Income
3,089
(INR Cr)
Assets
2,550
(INR Cr)
Profit
443
(INR Cr)
Net Worth
1,916
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Revenue
(INR Cr)
3181
20.1%
2648
23.0%
2154
33.5%
1613
1.7%
1586
-21.3%
2016
12.9%
1786
18.4%
1508
7.7%
1401
9.2%
1283
8.6%
1181
12.7%
1048
1.5%
1033
19.5%
864
17.1%
738
20.1%
614
-
Net Operating Income
(INR Cr)
3089
18.40%
2609
26.38%
2065
29.32%
1597
-0.63%
1607
-17.81%
1955
13.04%
1729
18.25%
1463
5.00%
1393
11.94%
1244
6.38%
1170
11.14%
1052
6.20%
991
18.97%
833
14.78%
726
20.12%
604
9.56%
Profit
(INR Cr)
443
50.8%
293
79.4%
164
84.3%
89
21.5%
73
-47.2%
138
-0.3%
139
17.6%
118
28.9%
92
59.9%
57
-17.7%
70
42.3%
49
-41.7%
84
1.5%
83
20.0%
69
128.0%
30
-
Assets
(INR Cr)
2550
31.1%
1944
34.2%
1449
10.0%
1316
6.4%
1238
4.1%
1189
5.8%
1124
6.9%
1052
2.9%
1023
7.6%
950
-1.6%
966
1.2%
954
16.3%
820
28.5%
638
22.9%
519
9.2%
476
-
Net Worth
(INR Cr)
1916
26.2%
1518
21.9%
1245
9.4%
1138
7.3%
1061
4.3%
1017
12.5%
903
15.2%
785
14.5%
685
14.8%
597
8.6%
550
12.4%
489
9.0%
449
19.8%
375
24.4%
301
25.4%
240
11.7%
Employee Cost
(INR Cr)
459
12.2%
410
4.5%
392
16.7%
336
-2.3%
344
-6.9%
369
9.8%
336
20.7%
279
2.0%
273
15.9%
236
11.3%
212
12.6%
188
11.9%
168
28.3%
131
16.5%
113
27.2%
89
-
Interest Cost
(INR Cr)
30191113121416202632383220181920
Cash & Bank Balance
(INR Cr)
86264735025596831811551002952401236342
Total Debt
(INR Cr)
48733315714613597179226289310381431328223201214

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Profit As % Of Revenues 13.9%11.1%7.6%5.5%4.6%6.9%7.8%7.8%6.5%4.5%5.9%4.7%8.1%9.6%9.3%4.9%
Profit As % Of Assets 17.4%15.1%11.3%6.7%5.9%11.6%12.4%11.2%9.0%6.0%7.2%5.1%10.2%13.0%13.3%6.4%
Profit As % Of Networth 23.1%19.3%13.1%7.8%6.9%13.6%15.4%15.1%13.4%9.6%12.7%10.0%18.7%22.1%22.9%12.6%
Interest Cost to EBITDA % 4.7%4.2%3.8%5.8%6.8%4.7%5.6%8.0%11.2%16.9%16.4%17.6%10.4%9.6%11.5%19.2%
Debt to Equity Ratio 0.250.220.130.130.130.090.200.290.420.520.690.880.730.590.670.89
RONW 25.6%21.3%13.7%8.1%7.0%14.4%16.5%16.1%14.3%10.0%13.4%10.4%20.4%24.5%25.5%13.3%
ROCE 28.6%24.8%16.9%10.5%8.2%19.5%21.1%18.6%16.1%11.7%14.6%11.6%19.0%24.0%25.5%14.6%