Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Shriram Pistons & Rings Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 701 | 716 | 752 | 766 | 856 | 837 | 876 | 848 | 988 | 963 | 1,016 | 1,023 | 1,456 |
| Expenses + | 566 | 570 | 594 | 604 | 679 | 672 | 699 | 677 | 778 | 768 | 809 | 817 | 1,188 |
| Operating Profit | 135 | 146 | 158 | 161 | 177 | 165 | 178 | 170 | 210 | 195 | 207 | 206 | 268 |
| OPM % | 19% | 20% | 21% | 21% | 21% | 20% | 20% | 20% | 21% | 20% | 20% | 20% | 18% |
| Other Income + | 16 | 19 | 23 | 19 | 24 | 26 | 30 | 27 | 27 | 28 | 26 | 8 | 23 |
| Interest | 6 | 6 | 7 | 8 | 9 | 9 | 9 | 8 | 8 | 9 | 8 | 12 | 33 |
| Depreciation | 24 | 23 | 22 | 29 | 34 | 30 | 31 | 31 | 28 | 32 | 33 | 33 | 52 |
| Profit before tax | 121 | 136 | 151 | 143 | 158 | 154 | 168 | 159 | 201 | 183 | 192 | 169 | 206 |
| Tax % | 25% | 26% | 25% | 25% | 26% | 24% | 25% | 24% | 25% | 26% | 26% | 26% | 23% |
| Net Profit + | 91 | 101 | 113 | 108 | 116 | 117 | 126 | 121 | 152 | 135 | 142 | 126 | 159 |
| EPS in Rs | 20.67 | 23.17 | 25.80 | 24.37 | 27.15 | 26.22 | 28.33 | 27.20 | 33.26 | 30.35 | 31.76 | 27.92 | 35.48 |
Financials of Shriram Pistons & Rings Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Profit | 190 | 232 | 255 | 293 | 295 | 182 | 216 | 304 | 460 | 642 | 724 | 876 |
| OPM % | 15% | 17% | 17% | 17% | 15% | 11% | 14% | 15% | 18% | 21% | 20% | 20% |
| Other Income + | 17 | 18 | 26 | 24 | 22 | 20 | 19 | 29 | 47 | 85 | 111 | 86 |
| Interest | 32 | 26 | 20 | 16 | 14 | 12 | 13 | 11 | 19 | 30 | 34 | 62 |
| Depreciation | 96 | 93 | 90 | 90 | 94 | 103 | 103 | 102 | 95 | 108 | 120 | 149 |
| Profit before tax | 79 | 131 | 171 | 211 | 209 | 86 | 120 | 220 | 393 | 589 | 682 | 750 |
| 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 |
| EPS in Rs | 12.82 | 20.50 | 26.42 | 31.07 | 30.97 | 16.34 | 19.85 | 37.18 | 66.70 | 100.47 | 115.02 | 125.43 |
| Dividend Payout % | 14% | 10% | 13% | 16% | 16% | 18% | 15% | 13% | 11% | 10% | 9% | 0% |
Financials of Shriram Pistons & Rings Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 551 | 723 | 821 | 1,283 |
| Total Liabilities | 1,189 | 1,292 | 1,354 | 1,491 | 1,568 | 1,558 | 1,704 | 1,850 | 2,412 | 3,136 | 3,723 | 6,153 |
| Fixed Assets + | 667 | 597 | 577 | 555 | 613 | 741 | 703 | 689 | 772 | 934 | 1,203 | 3,021 |
| CWIP | 4 | 6 | 9 | 11 | 17 | 19 | 8 | 6 | 5 | 31 | 58 | 51 |
| 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 | 2,946 |
| Total Assets | 1,189 | 1,292 | 1,354 | 1,491 | 1,568 | 1,558 | 1,704 | 1,850 | 2,412 | 3,136 | 3,723 | 6,153 |
Financials of Shriram Pistons & Rings Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 129 | 255 | 183 | 175 | 157 | 297 | 190 | 219 | 395 | 487 | 434 | 625 |
| Cash from Investing Activity + | -45 | -67 | -55 | -65 | -157 | -214 | -10 | -56 | -476 | -422 | -385 | -1,815 |
| Cash from Financing Activity + | -111 | -113 | -89 | -88 | -61 | -111 | -28 | -91 | 93 | -42 | -61 | 1,252 |
| Net Cash Flow | -27 | 75 | 39 | 21 | -62 | -28 | 152 | 72 | 12 | 23 | -11 | 63 |
| Free Cash Flow | 85 | 205 | 111 | 104 | -18 | 126 | 145 | 158 | 273 | 340 | 266 | 437 |
| CFO/OP | 81% | 128% | 92% | 84% | 76% | 182% | 99% | 91% | 108% | 100% | 83% | 91% |
Financials of Shriram Pistons & Rings Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 97 | 104 | 101 | 121 |
| Cash Conversion Cycle | 130 | 75 | 87 | 80 | 107 | 92 | 65 | 75 | 71 | 66 | 75 | 58 |
| Working Capital Days | 44 | 36 | 38 | 41 | 64 | 44 | 44 | 44 | 27 | 21 | 29 | 11 |
| ROCE % | 12% | 16% | 19% | 21% | 20% | 8% | 11% | 17% | 24% | 28% | 26% | 21% |