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Earnings Call

Shriram Pistons & Rings Earnings Call: Key Takeaways

SPR Auto Technologies (formerly Shriram Pistons) reported a landmark FY26 with record total income of ₹4,571cr and EBITDA of ₹989cr, driven by acquisitions and strong domestic demand.

Highlights
Revenue growth25% YoY consolidated growth in FY26.
MarginsTargeting 20% benchmarks for new acquisitions over next 3 years.
Demand visibilityStrong domestic pipeline; working on hybrid platforms for 2029-2030.
Management confidenceHigh; focusing on being 'last man standing' in ICE and EV.

Growth

FY26 revenue grew 25% YoY; EBITDA increased 18% YoY. Standalone business grew 11%, outperforming the industry.

Outlook

Annual capex of ~₹200cr planned for FY27-28; aiming for subsidiary margins to converge toward standalone 20% level.

Risks

Geopolitical tensions in Middle East/Ukraine impacting commodities (aluminum up 40%) and export markets which saw 1% growth.

Source

Earnings Call filed with BSE, BSE: 544344. Summary written with AI assistance from the document.

Read the document ↗

Shriram Pistons & Rings Ltd: key numbers

Share price
₹4,746.80
Market cap
₹22,019 Cr
Revenue (annual)
₹4,459 Cr
Net profit (annual)
₹552.5 Cr
P/E (TTM)
39.1×Sector 33.6×
Promoter holding
41.55%-2.20% QoQ
FII holding
8.39%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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