SHRIPISTONNSEShriram Pistons & Rings LimitedMediumNeutral
Announced Fri, 15 May · 16:39 IST

Shriram Pistons & Rings Limited has informed the Exchange about Transcript

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedAnalyst Day Multiyear TargetsMgmt Evaded Key QuestionInvestor Communications View source PDF

SHRIPISTON · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-2.6%1-day move
₹3399.00
prior close
₹3380.00
base price
After-mkt
timing
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-1.3-1.6-1.4-2.2-2.6-3.6-3.2-3.8-4.3-2.5-2.8+11.9+24.4
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AI summary

SPR Auto Technologies reported record FY26 consolidated total income of INR 4,571 crores (up 25% YoY) and highest ever EBITDA of INR 989 crores (up 18% YoY). The company completed acquisition of Antolin Group's three Indian entities in January 2026 for automotive interiors and lighting, along with Karna Intertech for tool manufacturing. Management highlighted that 60% of business is now powertrain-agnostic, with subsidiaries operating at 9-10% EBITDA margins versus standalone at 20%+, and aims to bring subsidiaries closer to standalone margins through synergies and in-sourcing. The company plans to raise INR 1,000 crores via QIP for both organic growth and future acquisitions. Commodity prices, especially aluminium up 40%, are fully passed through to customers with a quarter's delay.

Likely market impact

Strong FY26 performance with diversified revenue base positions the company well for sustained growth; the planned QIP and margin improvement roadmap for recently acquired subsidiaries suggest continued investment mode for expansion.