Spr Auto Technologies Ltd · NSE:SHRIPISTON
Spr Auto Technologies — Shriram Pistons & Rings — Q4 FY25 Earnings Presentation
50 slides from Spr Auto Technologies's earnings presentation, May 8, 2025
Slide 1: Exchange cover letter for investor presentation
May 8, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block Dalal Street, Fort, Bandra-Kurla Complex Mumbai 400001 Bandra (East), Mumbai 400051 NSE Symbol : SHRIPISTON BSE Scrip code : 544344 Subject: Investor Presentati
Slide 2: Investor Presentation Q4 & FY25
Investor Presentation Q4 & FY25 May 2025 NSE : SHRIPISTON | BSE: 544344 | www.shrirampistons.com
Slide 3: Safe Harbor
Safe Harbor This Presentation and the accompanying slides (the “presentation”), have been prepared by Shriram Pistons & Rings Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall
Slide 4: Table of contents
Table of contents 1 Q4 & FY25 Financial Highlights 2 Company Overview 3 Industry Overview 4 Annual Financial Highlights 5 Annexures 3
Slide 5: Q4 & FY25 Financial Highlights
Q4 & FY25 Financial Highlights 4
Slide 6: Q4 & FY25 Key Financial Metrics - SPR Consolidated
Q4 & FY25 Key Financial Metrics - SPR Consolidated (Rs Million) Total Income EBITDA* PAT + 15% YoY + 15% YoY 36,612 + 18% YoY 8,357 31,746 Annually 7,273 5,156 4,387 FY24 FY25 FY24 FY25 FY24 FY25 YoY Growth +17% +17% +12% +16% +16% +15% +10% +18% +15% +11% +12% +30% Quarterly 10,158 9,069 2,378 8,63
Slide 7: Q4 & FY25 P&L Statement – SPR Consolidated
Q4 & FY25 P&L Statement – SPR Consolidated (Rs Million) Particulars Q4FY25 Q4FY24 YoY FY25 FY24 YoY Revenue from Operations 9,884 8,556 35,498 30,893 Other Income 274 239 1,114 853 Total Income 10,158 8,795 15.5% 36,612 31,746 15.3% Total Operating Expenses 7,780 6,786 28,255 24,473 EBITDA* 2,378 2,
Slide 8: Q4 & FY25 Key Financial Metrics - SPR Standalone
Q4 & FY25 Key Financial Metrics - SPR Standalone (Rs Million) Total Income EBITDA * & EBITDA Margin (%) PAT & PAT Margin (%) 8% YoY 23.4% 23.7% 14.7% 15.2% 32,827 30,351 +10% YoY +11% YoY Annually 7,793 4,978 7,114 4,468 FY24 FY25 FY24 FY25 FY24 FY25 YoY Growth +7% +7% +9% +9% +9% +8% +9% +12% +11%
Slide 9: Q4 & FY25 P&L Statement – SPR Standalone
Q4 & FY25 P&L Statement – SPR Standalone (Rs Million) Particulars Q4FY25 Q4FY24 YoY FY25 FY24 YoY Revenue from Operations 8,548 7,813 31,795 29,537 Other Income 239 216 1,032 813 Total Income 8,786 8,029 9.4% 32,827 30,351 8.2% Total Operating Expenses 6,647 6,123 25,034 23,237 EBITDA* 2,140 1,906 1
Slide 10: Company Overview
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Slide 11: Shriram Pistons & Rings: At a Glance
Shriram Pistons & Rings: At a Glance Shriram Pistons & Rings Limited (SPRL) is the leading manufacturer of Pistons, Piston Pins, Piston Rings, and Engine Valves in India, with the exceptional lineage of the Shriram Group - one of the most reputed Industrial houses in the country. Its products are ma
Slide 12: Why Shriram Pistons & Rings?
Why Shriram Pistons & Rings? Established Market Player Global Reach More than 5 decades of Industry presence backed by Presence in 45+ countries across 5 strong leadership continents Leading manufacturer of pistons, piston pins, piston Preferred choice of global automotive rings & engine valves cust
Slide 13: Our Journey of over 5 decades
Our Journey of over 5 decades 1972 1978 1989 1993 1993 Dr. Charat Ram, a leading Industrialist Technology tie-up Technology tie-up Technology tie-up with took over Shama Pistons & Rings Ltd. Engine Valves with Riken with Honda Fuji Oozx, Japan; and renamed it to Shriram Pistons & manufacturing comme
Slide 14: Exceptional lineage of the Shriram Group
Exceptional lineage of the Shriram Group, one of the most reputed Industrial houses Founded by Dr. Charat Ram, a pillar, visionary and the face of the Indian business sector, who played a significant role in shaping the Indian industry. Driven by his relentless pursuit of excellence, he meticulously
Slide 15: State-of-the-art Facilities
State-of-the-art Facilities Manufacturing Facilities Under SPRL Under SEL SPR Takahata Precision TGPEL Precision SPR Engenious Ltd. SPR EMF Innovations India Pvt. Ltd. Engineering Ltd. Pvt. Ltd. Pithampur, Neemrana, Noida, Ghaziabad, Pathredi, Bulandshahr Road, Bahadurgarh, Coimbatore, Rajasthan Utt
Slide 16: Achieving Design Excellence Through Our Ultra Modern Tech Centre
Achieving Design Excellence Through Our Ultra Modern Tech Centre SPRL Tech Centre is fully equipped to provide complete and comprehensive solutions, catering to the exacting needs of the hi-tech, new generation engines Mr. S. Krishnakumar, Managing Director & CEO: “At SPRL, we have always focused on
Slide 17: Leading player in Pistons, Piston Pins, Piston Rings & Engine Valves
Leading player in Pistons, Piston Pins, Piston Rings & Engine Valves ❖ Catering to wide range of new generation BS VI 2/3 wheelers, Passenger Cars, GDI & MPFI Forged KS Lite Crown Anodizing Piston & engines, etc Thin walled Piston Pins ❖ Capability to build Pistons from scratch with extensive use of
Slide 18: Long-standing Technology Partnerships with Global Majors
Long-standing Technology Partnerships with Global Majors Since 1972 Since 1978 Since 1989 Since 1993 PISTONS RINGS PISTONS ENGINE VALVES Riken Corporation Honda Foundry FUJIFujiOOZX Oozx Kolbenschmidt Germany Japan Japan Japan 21.3% Holding in SPRL ❖ Ranks among the 100 biggest auto ❖ Founded in 192
Slide 19: Leading supplier in the Domestic Market
Leading supplier in the Domestic Market Assembly Units located in: Domestic Revenue (Rs Million) 26,481 Gurugram, 23,901 20,758 Haryana 16,224 12,918 Karsanpura, Gujarat FY21 FY22 FY23 FY24 FY25 Sahibabad, Uttar Pradesh 5 1,200+ Assembly Units Business Partners Hosur, Pune, Tamil Nadu ❖ 5 Assembly U
Slide 20: Strong Domestic Market Presence across Product Segments
Strong Domestic Market Presence across Product Segments Commercial Passenger Two- Tractors Off-Highway, Vehicles Vehicles wheelers Industrials & Gensets In addition to the above-mentioned product segments, we also cater to Indian Railways (for Engines) and Defence applications 19
Slide 21: Well established player with Customer base across Geographies
Well established player with Customer base across Geographies Export Revenue Key Exports Destinations (FY25) (Rs Million) 2% 13% 31% Europe 5,182 4,841 4,840 South America 4,010 10% Revenue Middle East 2,798 Break-Up North America Asia Pacific 18% FY21 FY22 FY23 FY24 FY25 Africa 26% #1 5 45+ Exporte
Slide 22: Diversifying Portfolio for Future Readiness (1/2)
Diversifying Portfolio for Future Readiness (1/2) SPR (through its 100% subsidiary SPR Engenious Ltd.) acquired SPR (through its 100% subsidiary SPR Engenious Ltd.) acquired 62% stake 66.42% stake in SPR EMF Innovations Pvt. Ltd. in SPR Takahata Precision India Pvt. Ltd. ❖SPR EMF Innovations (EMFi)
Slide 23: Diversifying Portfolio for Future Readiness (2/2)
Diversifying Portfolio for Future Readiness (2/2) SPR (through its 100% subsidiary SPR Engenious Ltd.) acquired SPR acquired 100% stake in Karna Intertech Pvt. Ltd. 100% stake in SPR TGPEL Precision Engineering Ltd. ❖SPR TGPEL is amongst the few precision engineering companies providing ❖Karna is a
Slide 24: SPR EMFi – Product Portfolio
SPR EMFi – Product Portfolio Complete Solution for Range of Electric Vehicles 2 Wheeler 3 Wheeler / Pass / LCV Passenger Vehicle Cargo Vehicle Bus Platform Medium & Heavy CV 2 – 10 kW 4 – 18 kW 15 – 60 kW 15 – 45 kW 60 – 120 kW 150 – 250 kW SPR EMFi will be the optimized system supplier to have both
Slide 25: SPR Takahata – Product Portfolio
SPR Takahata – Product Portfolio FI- Components Throttle Unit Brake Unit Brake Unit FI- Components ECU Air Bag Door Lock FI- Connectors Steering Steering 24
Slide 26: SPR TGPEL – Product Portfolio
SPR TGPEL – Product Portfolio Speaker Grills Air Vents Flange Covers Manifolds Bobbins Automotive Door Handles Fuse Box Covers CRB Housing Clamps Connectors Electrical Parts Industrial Parts Medical Parts Non-Auto 25
Slide 27: Seasoned Board Of Directors Providing Expert Oversight
Seasoned Board Of Directors Providing Expert Oversight Mr. Pradeep Dinodia Mr. Hari S. Bhartia Ms. Ferida Chopra Ms. Meenakshi Dass Chairman Independent Director Independent Director Non-Executive Director (Non-Executive Non- Independent Director) ❖ On the board since 2003 ❖ On the board since 2009
Slide 28: The Visionary Leaders Who Drive SPRL
The Visionary Leaders Who Drive SPRL Mr. Krishnakumar Mr. Sandeep Agrawal Mr. Rajan Nanda Mr. Prem Rathi Mr. Arun Shukla Srinivasan Executive Director & Executive Director Executive Director & Executive Director Managing Director & CMO CFO – Projects CEO ❖ 38+ Years of ❖ 34+ Years of ❖ 38+ Years of
Slide 29: Huge Focus on Sustainability (1/2)
Huge Focus on Sustainability (1/2) Environmental Social Governance ❖ Implemented ISO 14001 Environmental Management ❖ Utmost importance to the Health and Safety of ❖ Steering Committee on ESG under chairmanship of our Systems at both manufacturing sites workers at the plant/factory MD & CEO ❖ Three
Slide 30: Huge Focus on Sustainability (2/2)
Huge Focus on Sustainability (2/2) Environmental Initiatives Social Initiatives Governance Initiatives ❖ 20% Increase in mix of ❖ 10% Reduction in Attrition Rate ❖ Voluntary disclosure of BRSR Renewable Energy ❖ #2 days trainings on average ❖ Strong commitment of Board ❖ 30% Increase in use of Recyc
Slide 31: Prestigious Recognitions for Sustainability Efforts
Prestigious Recognitions for Sustainability Efforts Verification of Green House Gas Emissions as per ISO 17029. 2024 - Climate & Water ESG Rating -2 ESG Gold Award – Excellence in Safety disclosure awarded rating (Highest rating in India) 2024 Gold Award – 2024 “C” by Dun & Bradstreet by ACMA by ACM
Slide 32: Industry Overview
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Slide 33: Indian Auto Components Industry: A Promising Future
Indian Auto Components Industry : A Promising Future Indian Auto Components Industry Size and Growth Component Sales By Category (FY24) Auto Components Exports – Size and Growth (USD Bn) (USD Bn) Others, 30 200 32% Engine Components, 26% 20 21 Drive 19 Transmission & Steering, 13 74 13% 70 57 46 Bod
Slide 34: India’s Thriving Automotive Industry
India’s Thriving Automotive Industry Indian Auto Industry Size (Volumes) Automobile Exports (Volumes) (Million) (Millions) Production Domestic Sales 5.6 5.4 31.0 28.4 4.8 4.5 25.9 25.6 4.1 22.7 23.0 23.9 21.2 18.6 17.6 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Source: SIAM Challenges during
Slide 35: Electric Vehicles: An Evolving Segment
Electric Vehicles: An Evolving Segment EV Sales (in Thousand) & EV Penetration (%) in India EV Sales (in Thousand) & EV Penetration (%) EV Sales Forecast* (in Million) by Vehicle Category in India Low Adoption Medium Adoption High Adoption 0.7% 1.8% 4.8% 6.4% 6.4% 0.2% 4.8% 22.6% 53.6% 0.2% 2.1% 0.2
Slide 36: Internal Combustion Engines: Alternate Fuel Solutions
Internal Combustion (IC) Engines…….: Alternate Fuel Solutions Hybrid Hydrogen LNG Industrial CNG Flex 35
Slide 37: Internal Combustion Engines: Growth Story will continue
Internal Combustion (IC) Engines : Growth Story will continue While the EV Industry is witnessing growth, it is facing numerous challenges and still has a long way to go. In the meanwhile, Internal Combustion (IC) Engines will continue to grow with the growing Automotive Industry. Insufficient Power
Slide 38: All Segments expected to Grow
All Segments expected to Grow EV Penetration Not Expected EV Penetration Expected Heavy Commercial Vehicles Railways Passenger 2-Wheelers Vehicles Exports Tractors & Off- Genset & Highway Industrials 3-Wheelers Also includes Aftermarkets and Defence Presence across diverse segments positions SPRL in
Slide 39: Annual Financial Highlights
Annual Financial Highlights 38
Slide 40: Key Financial Metrics over the years
Key Financial Metrics over the years (Rs Million) Total Income EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) FY25 vs FY24 Growth: 8% 10% 11% 14.5% 15.9% 19.2% 23.4% 23.7% 5.5% 7.8% 11.1% 14.7% 15.2% 32,827 30,351 26,513 7,793 7,114 4,978 20,939 4,468 16,162 5,097 2,956 3,337 2,351 1,636 888 FY21 F
Slide 41: Key Ratios over the years
Key Ratios over the years Debt-to-Equity Ratio (x) Interest Coverage Ratio (x) 31.4 29.2 28.3 26.2 0.19 0.18 0.15 18.7 0.11 0.11 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Net Working Capital Cycle (Days) ROE & ROCE (%) ROE ROCE 29.2% 71 27.0% 68 65 23.8% 22.9% 58 54 20.7% 19.3% 16.9% 13.0% 1
Slide 42: P&L Statement
P&L Statement (Rs Million) Particulars FY21 FY22 FY23 FY24 FY25 Revenue from Operations 15,966 20,647 26,050 29,537 31,795 Other Income 196 292 462 813 1,032 Total Income 16,162 20,939 26,513 30,351 32,827 Total Expenses 13,811 17,602 21,416 23,237 25,034 EBITDA 2,351 3,337 5,097 7,114 7,793 EBITDA
Slide 43: Balance Sheet
Balance Sheet (Rs Million) Assets Mar-24 Mar-25 Equity & Liabilities Mar-24 Mar-25 Non-Current Assets Equity Share Capital 441 441 Property, Plant & Equipment 5,235 5,249 Other Equity 19,058 23,650 Capital Work in Progress 94 61 Total Equity 19,499 24,091 Goodwill & Other Intangible Assets 208 177 L
Slide 44: Abridged Cash Flow Statement
Abridged Cash Flow Statement (Rs Million) Cash Flow Statement Mar-24 Mar-25 Cash Flow from Operating Activities Profit Before Tax 5,989 6,680 Adjustment for Non-Operating Items 426 271 Operating Profit before Working Capital Changes 6,415 6,951 Changes in Working Capital (196) (1,070) Cash Generated
Slide 45: Annexures
Annexures 44
Slide 46: SPRL Group Structure
SPRL Group Structure Products are marketed to almost all OEMs and Aftermarkets under brands SPR and USHA (100% Subsidiary of SPRL) (100% Subsidiary of SPRL) Karna Intertech Private Limited Karna is a key supplier of gravity die casting moulds to SPRL, which are utilised in the manufacturing of pisto
Slide 47: Creating value for our Shareholders
Creating value for our Shareholders Shareholding as on 31st March 2025 Share Information as on 31st March 2025 NSE Ticker SHRIPISTON Others 15.3% Shares Outstanding (Million) 44.0 Market Cap (Rs. Million) 83,206 Promoters % Free Float 56.25% Bodies Corporate 43.8% (incl. overseas) Free Float Market
Slide 48: Awards and Accolades
Awards and Accolades ❖ Featured in “India’s 500 Value Creators 2024” ❖ From Automotive Component Manufacturers Assn. Of India (November 2024 issue) by D&B (ACMA) ❖ 'The Golden Peacock Award’ for "Excellence in ➢ Gold Award in ESG & Safety Categories ➢ Atmanirbhar Excellence Award For Exports (Very L
Slide 49: Committed to Giving Back to the Society
Committed to Giving Back to the Society Awards from Rajasthan Govt. Annual CSR Spend Govt. Girls Sr. Sec. School, Tijara Adop. of Village Kunheda, Ghaziabad (Rs Millions) 81.07 51.96 Before After Environment Health & Education Education 29.73 30.90 Mobile Medical Van, Pathredi Dispensary in Tapukara
Slide 50: Thank You
Thank You Contact Us Shriram Pistons & Rings Ltd. Prem Rathi Executive Director & CFO prem.rathi@shrirampistons.com Pankaj Gupta Dy. Executive Director, Head Legal & Company Secretary pankaj.gupta@shrirampistons.com Ernst & Young LLP Rohit Anand / Riddhant Kapur rohit.anand4@in.ey.com / riddhant.kap
Shriram Pistons & Rings — Q4 FY25 Earnings Presentation on 6ix