Manufactures automotive components for Indian and global vehicle makers, with a core legacy in pistons now expanded into interiors, lighting, precision plastics and EV motors. The business supplies powertrain-dependent parts (pistons and related engine components) and powertrain-agnostic products (interiors, lighting, plastic mouldings) to vehicle OEMs. In January 2026 it acquired three Grupo Antolin India entities for around INR 16,700 million, adding automotive interiors and lighting capabilities, and bought piston manufacturing assets from Sunbeam Lightweighting Solutions for INR 28 crore. FY26 consolidated total income reached INR 4,571 crores (up 25% year-on-year), with EBITDA of INR 989 crores; about 35% of Q4 FY26 consolidated revenue came from powertrain-agnostic businesses, and roughly 60% of the business is now described as powertrain-agnostic. The cost base is dominated by raw materials at 44.7% of revenue, followed by employees at 12.9% and other operating expenses at 21.3%. The company operates 9 plants in India, exports to 45 countries (14% of turnover), and is funding capacity expansion of around INR 200 crores per year through FY27-FY29 across facilities at Neemrana, Noida, Pithampur, Ghaziabad and Pathredi. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Powertrain-dependent components, Powertrain-agnostic components (35%). Cyclical, asset-heavy auto component manufacturer with a diversified product portfolio across powertrain and non-powertrain categories.
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 2,609 | 3,089 | 3,550 | 4,459 |
| EBITDA (ex other income) | 460 | 642 | 724 | 849 |
| margin % | 17.6 | 20.8 | 20.4 | 19.0 |
| Owners' profit | 293 | 439 | 507 | 553 |
| EPS, as reported (₹) | 133.43 | 100.47 | 115.02 | 125.43 |
| ROE % · ROCE % | 19.1 · 23.2 | 21.7 · 26.6 | 20.6 · 25.5 | 18.6 · 18.0 |
| Debt / equity (x) | 0.19 | 0.23 | 0.19 | 0.62 |
| Cash from operations | 395 | 487 | 434 | 625 |
| Capex | (50) | (142) | (172) | (185) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 877 | 848 | 988 | 963 | 1,017 | 1,023 | 1,456 | 1,474 |
| Profit before tax | 168 | 159 | 201 | 183 | 192 | 169 | 206 | 195 |
| Net profit | 126 | 121 | 152 | 135 | 142 | 126 | 159 | 148 |
| EPS (₹) | 28.32 | 27.22 | 33.27 | 30.35 | 31.76 | 27.93 | 35.47 | 32.78 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Record date fixed for NCD interest payment on September 30, 2026 | credit debt | low | — | — |
| 4 Sept 2026 · Compliance Officer resigns, new Company Secretary appointed from Sep 5 | management changes | high | — | — |
| 4 Sept 2026 · Board adds Company Secretary as authorized person for materiality disclosures | compliance | minimal | — | — |
| 4 Sept 2026 · Compliance Officer Resigns, New Company Secretary Appointed | management changes | high | — | — |
| 4 Sept 2026 · New Company Secretary appointed; Compliance Officer resigns | management changes | medium | — | — |
| 4 Sept 2026 · Compliance Officer resigns; new appointee takes over from Sept 5 | management changes | medium | — | — |
| 4 Sept 2026 · SPR Auto: Nilesh Jain named Company Secretary; Nidhi Kandwal quits | management changes | medium | — | — |
| 4 Sept 2026 · SPR Auto appoints new Company Secretary; prior Compliance Officer resigns | management changes | medium | — | — |
| 25 Aug 2026 · SPR Auto to invest up to 6 crore in Sunsure Solarpark for solar project | strategic transactions | medium | — | — |
| 25 Aug 2026 · SPR Auto invests Rs 6 cr in Sunsure Solarpark for captive solar power | strategic transactions | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 10.4 |
| SCHAEFFLER INDIA LIMITED | 61,739 | 49.3 | 10.04 | — | 10.4 | 14.1 | — | 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 34.1 | 26.7 | 78 of 123 | 37% |
| P/B | 6.4 | 3.5 | 91 of 116 | 20% |
| ROCE | 16.6 | 12.6 | 39 of 125 | 69% |
| ROE | 18.6 | 11.6 | 28 of 119 | 77% |
| Debt / Equity | 0.6 | 0.3 | 89 of 119 | 25% |
| EBITDA margin | 19.2 | 12.2 | 20 of 118 | 84% |
| Revenue growth | 53.1 | 20.2 | 4 of 113 | 97% |
| Profit growth | 9.5 | 24.4 | 71 of 115 | 39% |
| Market cap | 19189 | 1542 | 19 of 125 | 86% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
