EN DE

Shriram Pistons & Rings Limited (SHRIPISTON) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹190B

SP Shriram Pistons & Rings Limited SHRIPISTON · NSE
Price₹4,437
Fair Value₹2,174
Upside-51.0%
Quality55/100
Watch Shriram Pistons & Rings Limited for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 8.0% net margin
Low debt · generates free cash flow
0.23% dividend yield
Trails peers (5/14)
Moderate moat 54/100
Evidence: High Range ₹1,340 – ₹3,659 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Share price +6.4% over the past month.

A solid business, but screening 51% overvalued on our models.

Fair value for all 35,000+ stocks, review alerts and the diversification check: 14 days of Pro free, no card.

What matters now

  • The price sits above even our optimistic bull case (₹3,659). The favourable scenario is already priced in.
  • The model range is unusually wide (₹1,340 to ₹3,659). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹4,524 ₹178.62 Fair Value ₹2,174 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹178.62 – ₹4,524 · fair‑value band ₹1,340 – ₹3,659 · the ₹4,437 price screens above the ₹2,174 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Shriram Pistons & Rings Limited (SHRIPISTON) currently trades at ₹4,437, while our model-based Fair Value estimate is ₹2,174, implying the stock looks roughly 51.0% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Shriram Pistons & Rings Limited generated revenue of ₹18.2B at a net margin of 8.0%. Revenue declined 5.3% year over year. It earns a return on equity of 22.0%. Net debt stands at ₹9.3B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹1,340 (bear case) to ₹3,659 (bull case); at ₹4,437, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 93% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at -51%, SHRIPISTON screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹1,433 ₹2,929 ₹5,282 80
Residual Income ₹848.51 ₹1,187 ₹5,962 76
Rev-Margin DCF ₹1,021 ₹1,835 ₹2,965 74
All 26 models by family
DCF Models
FCF DCF ₹1,472 ₹2,781 ₹5,967 38
Owner Earnings ₹1,626 ₹3,329 ₹6,581 31
5Y Revenue Exit ₹1,021 ₹1,861 ₹3,034 39
5Y EBITDA Exit ₹1,604 ₹3,148 ₹5,191 41
5Y P/E Exit ₹1,790 ₹3,558 ₹5,710 38
10Y Revenue Exit ₹1,124 ₹2,004 ₹3,443 36
10Y EBITDA Exit ₹1,553 ₹2,985 ₹5,376 37
10Y P/E Exit ₹1,680 ₹3,298 ₹5,841 35
Earnings-Based
Graham-Dodd ₹852.90 ₹4,923 ₹6,848 54
Lynch FV ₹1,389 ₹1,984 ₹2,580 50
PEG = 1.0 ₹1,389 ₹1,984 ₹2,580 46
EPV ₹1,126 ₹1,320 ₹1,490 59
Dividend Discount
Gordon GGM ₹91.71 ₹190.69 ₹302.51 70
DDM Multi-Stage ₹91.71 ₹160.80 ₹200.14 61
Multiples
P/E Multiple ₹2,070 ₹2,759 ₹3,449 63
P/S Multiple ₹910.98 ₹1,215 ₹1,518 58
P/B Multiple ₹1,599 ₹2,132 ₹2,665 55
EV/EBIT ₹2,191 ₹2,934 ₹3,677 53
EV/EBITDA ₹1,752 ₹2,349 ₹2,945 54
EV/Revenue ₹812.97 ₹1,177 ₹1,542 43
Asset-Based
NCAV (Graham) ₹329.29 ₹441.24 ₹658.57 50
Growth DCF
Growth DCF ₹1,433 ₹2,929 ₹5,282 80
Rev-Margin DCF ₹1,021 ₹1,835 ₹2,965 74
Economic Profit
Residual Income ₹848.51 ₹1,187 ₹5,962 76
ROIC Compounder ₹1,347 ₹1,954 ₹2,819 72
Growth Earnings
Growth-Adj P/E ₹2,100 ₹3,001 ₹3,901 68

Widest divergence: Growth Earnings (₹3,001) versus Dividend Discount (₹160.80). Highest evidence: Growth DCF (80).

Notify me when SHRIPISTON reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹18.2B
Revenue growth (YoY) -5.3%
Net margin 8.0%
Return on equity 22.0%
Free cash flow ₹4.7B FY2026
P/E ratio 35.4
More key figures
Operating margin 5.5%
EPS (TTM) ₹125.27
Dividend yield 0.2%
EPS growth (YoY) -50.6%
Net debt ₹9.3B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 57 · Market factors (momentum, volatility) 87

Profitability 57
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 95
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

SPR Auto Technologies Limited manufactures and sells automotive components in India. The company offers pistons, piston pins, piston rings, and engine valves.

Full company description

SPR Auto Technologies Limited manufactures and sells automotive components in India. The company offers pistons, piston pins, piston rings, and engine valves. It also provides cylinder liners; crankshafts; connecting rods; cylinder heads; lubricating oils; fuel, air, cabin, and hydraulic filters; and gaskets, such as copper asbestos copper, aluminium asbestos aluminium, multilayer steel, asbestos steel asbestos, and cylinder head gaskets. In addition, the company offers electric motors and motors controllers, and precision injection moulded parts. Further, it manufactures and supplies gravity die casting moulds. The company also exports its products. It serves OEMs operating in the passenger and commercial vehicles, cars/SUVs, two and three wheelers, tractors, off-highway vehicles, and industrial and railway engines, as well as various defense and industrial applications. The company was formerly known as Shriram Pistons & Rings Limited and change its name to SPR Auto Technologies Limited in March 2026. SPR Auto Technologies Limited was incorporated in 1963 and is headquartered in New Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Shriram Pistons & Rings Limited reported revenue of ₹44.6B in FY2026 versus ₹20.2B in FY2022, a compound +21.8%/yr. Reported net income was ₹5.5B in FY2026, compounding +35.6%/yr from FY2022.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹44.6B
Latest YoY
+27.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+23.2%
Avg. growth/yr (13Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.7%
Revenue +21.8%/yr
FY22 ₹20.2B
FY23 ₹25.6B
FY24 ₹30.4B
FY25 ₹35.0B
FY26 ₹44.6B
Net income +35.6%/yr
FY22 ₹1.6B
FY23 ₹2.9B
FY24 ₹4.4B
FY25 ₹5.1B
FY26 ₹5.5B
Character of growth · EPS growth decomposed (2015-2026) +21.4 % p.a.
Revenue per share +11.9 pp

of which total revenue +11.7 pp · buybacks/dilution +0.2 pp

EBIT margin +6.1 pp
Tax rate +0.7 pp
Residual (interest, one-offs) +2.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

SHRIPISTON screens 51% overvalued. Compare with Hyundai Mobis Co →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Shriram Pistons & Rings Limited Fair Value". https://www.fairvalue-calculator.com/stock/SHRIPISTON

Peer Group

Auto Parts · 639 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Above median
Fair Value upside −51% · Bottom 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth -5% · Below median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.41× · Higher than 75% of peers

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 35.4× · Pricier than median
P/B 6.54× · Pricier than 75% of peers
P/S (TTM) 10.43× · Pricier than 75% of peers
P/FCF 0.4× · Cheaper than median
EV/EBITDA 63.9× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 17
FUTURE 0 · sector 24
PAST 88 · sector 26
HEALTH 79 · sector 95
DIVIDEND 5 · sector 34

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Hyundai Mobis Co 012330 511,000 KRW 643,909 KRW +26%
Magna International Inc MGAN 1,122 MXN 1,142 MXN +2%
Samvardhana Motherson International Limited MOTHERSON ₹169.50 ₹80.63 -52%
Bosch Limited BOSCHLTD ₹46,750 ₹13,061 -72%
Bharat Forge Limited BHARATFORG ₹2,082 ₹393.20 -81%
Uno Minda Limited UNOMINDA ₹1,232 ₹426.57 -65%
Schaeffler India Limited SCHAEFFLER ₹4,126 ₹1,412 -66%
Hankook Tire & Technology Co 161390 71,500 KRW 196,479 KRW +175%
Sona BLW Precision Forgings Limited SONACOMS ₹799.90 ₹207.06 -74%
Balkrishna Industries Limited BALKRISIND ₹2,497 ₹1,211 -51%

Compare Shriram Pistons & Rings Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Shriram Pistons & Rings Limited (SHRIPISTON) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹2,174 versus a price of ₹4,437, about −51% (overvalued).
What is the fair value of SHRIPISTON?
Our model-based fair value for Shriram Pistons & Rings Limited is ₹2,174 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹4,437.
What is the quality score of SHRIPISTON?
Shriram Pistons & Rings Limited has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Shriram Pistons & Rings Limited (SHRIPISTON)?
Shriram Pistons & Rings Limited reported trailing-twelve-month revenue of about ₹18.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SHRIPISTON?
The net profit margin of Shriram Pistons & Rings Limited is about 8.0%, meaning it keeps roughly 8.0% of revenue as net income. Based on the latest reported figures.
Does Shriram Pistons & Rings Limited pay a dividend?
Shriram Pistons & Rings Limited currently shows a dividend yield of about 0.23% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Shriram Pistons & Rings Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.