Shriram Pistons & Rings Ltd
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).
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 30 | 19 | 11 | 13 | 12 | 14 | 16 | 20 | 26 | 32 | 38 | 32 | 20 | 18 | 19 | 20 |
| Cash & Bank Balance (INR Cr) | 862 | 647 | 350 | 255 | 96 | 83 | 181 | 155 | 100 | 29 | 52 | 40 | 12 | 36 | 34 | 2 |
| Total Debt (INR Cr) | 487 | 333 | 157 | 146 | 135 | 97 | 179 | 226 | 289 | 310 | 381 | 431 | 328 | 223 | 201 | 214 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.25 | 0.22 | 0.13 | 0.13 | 0.13 | 0.09 | 0.20 | 0.29 | 0.42 | 0.52 | 0.69 | 0.88 | 0.73 | 0.59 | 0.67 | 0.89 |
| 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% |