Spr Auto Technologies Ltd · NSE:SHRIPISTON
Spr Auto Technologies — Q4 & FY26 Earnings Presentation
62 slides from Spr Auto Technologies's earnings presentation, May 11, 2026
Slide 1: Exchange filing cover letter for investor presentation
May 11, 2026 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 Present
Slide 2: SPR Auto Technologies Investor Presentation Q4 & FY26
SPR Auto Technologies Limited (Formerly Shriram Pistons & Rings Limited) Investor Presentation Q4 & FY26 NSE : SHRIPISTON | BSE: 544344 https://shrirampistons.com/ Our Brands SPR Sustainable Progressive Resilient Companies in Group
Slide 3: Safe Harbor
Safe Harbor This Presentation and the accompanying slides (the “presentation”), have been prepared by SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) (herein referred to as the “Company”), solely for information purposes and do not constitute any offer, recommendation or inv
Slide 4: Contents
Contents 01 02 03 04 Q4 & FY26 Performance Company Targeted Strategic Industry Highlights Overview Initiatives Overview 05 06 07 08 Historical Historical Standalone Consolidated Focus on Annexures Performance Performance Sustainability Highlights Highlights
Slide 5: Q4 & FY26 Performance Highlights
1 Q4 & FY26 Performance Highlights
Slide 6: FY26 Key Financial Metrics
FY26 Key Financial Metrics (Rs. Million) Total Income EBITDA & EBITDA Margin (%) * PBT & PBT Margin (%) # PAT & PAT Margin (%) ^ 22.8% 21.6% 18.6% 17.0% 14.1% 12.3% Consolidated +25% YoY 45,713 +14% YoY +9% YoY FY25 +18% YoY 9,885 7,777 5,614 36,612 FY26 5,155 8,357 6,816 ^ Non-recurring expense of
Slide 7: Q4FY26 Key Financial Metrics
Q4FY26 Key Financial Metrics (Rs. Million) # Total Income EBITDA & EBITDA Margin (%) * PBT & PBT Margin (%) PAT & PAT Margin (%) ^ 23.4% 19.8% 19.8% 14.1% 14.9% 10.7% +46% YoY Consolidated 14,807 +5% YoY Q4FY25 +23% YoY 2,928 +4% YoY 1,590 Q4FY26 10,158 2,082 1,515 2,377 2,010 ^ Non-recurring expens
Slide 8: Q4 & FY26 P&L Statement – SPR Consolidated
Q4 & FY26 P&L Statement – SPR Consolidated (Rs. Million) Particulars Q4FY26 Q4FY25 YoY FY26 FY25 YoY Revenue from Operations 14,558 9,884 44,587 35,498 Other Income 249 274 1,126 1,114 Total Income 14,807 10,158 45.8% 45,713 36,612 24.9% Total Operating Expenses 11,879 7,780 35,828 28,256 EBITDA* 2,
Slide 9: Q4 & FY26 P&L Statement – SPR Standalone
Q4 & FY26 P&L Statement – SPR Standalone (Rs. Million) Particulars Q4FY26 Q4FY25 YoY FY26 FY25 YoY Revenue from Operations 9,528 8,548 35,266 31,795 Other Income 172 239 995 1,032 Total Income 9,700 8,787 10.4% 36,261 32,827 10.5% Total Operating Expenses 7,459 6,647 27,823 25,034 EBITDA* 2,241 2,14
Slide 10: Trend over the years – SPR Consolidated
Trend over the years – SPR Consolidated (Rs. Million) Total Income EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) CAGR (FY22-26) 22% 31% 36% 15.9% 19.1% 22.9% 22.8% 21.6% 7.8% 11.1% 13.8% 14.1% 12.3% 45,713 36,612 9,885 31,746 8,357 26,560 7,273 5,614 5,156 20,939 4,387 5,070 3,337 2,939 1,636 FY22
Slide 11: Trend over the years – SPR Standalone
Trend over the years – SPR Standalone (Rs. Million) Total Income EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) CAGR (FY22-26) 15% 26% 33% 15.9% 19.2% 23.4% 23.7% 23.3% 7.8% 11.1% 14.7% 15.2% 14.2% 36,261 32,827 30,351 26,513 8,438 7,793 20,939 7,114 4,978 5,137 5,097 4,468 3,337 2,956 1,636 FY22 F
Slide 12: SPR Auto Technologies Consistently Outgrowing the Industry
SPR Auto Technologies Consistently Outgrowing the Industry Industry * SPR Auto Technologies FY26 v/s Production Domestic Sales Consolidated FY25 Volumes Volumes Total Income +12% +11% + 25% YoY YoY YoY 36.0 29.5 Rs. 45,713 Million Units Million Units Million After the implementation of GST 2.0, ther
Slide 13: Company Overview
2 Company Overview
Slide 14: SPR Auto Technologies at a Glance
SPR Auto Technologies at a Glance Proven Industry Leader Global Network More than 5 decades of Industry presence Presence in 45+ countries across 5 backed by strong leadership continents Leading manufacturer of pistons, piston pins, Preferred choice of global automotive piston rings & engine valves
Slide 15: Heritage of the Shriram Group, a Leading Industrial Powerhouse
Heritage of the Shriram Group, a Leading Industrial Powerhouse 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 built up several succ
Slide 16: Our Journey of Achieving Excellence over 5+ Decades
Our Journey of Achieving Excellence over 5+ Decades 1972 1978 1989 1993 1993 2008 Dr. Charat Ram, a leading Industrialist R&D centre recognized by Dept. took over Shama Pistons & Rings Ltd. Technology tie-up with Engine Valves of Scientific & Industrial Technology tie-up with Technology tie-up with
Slide 17: State-of-the-art Manufacturing Infrastructure
State-of-the-art Manufacturing Infrastructure Under SPR Auto Technologies Under SEL Karna SPR Auto Interior SPR SPR SPR SEL Intertech Solutions EMFi Takahata TGPEL Ghaziabad, Pathredi, Bulandshahr Rd, Bahadurgarh, Chakan & Pune, Chennai, Pithampur, Coimbatore, Neemrana, Noida, Uttar Pradesh Rajastha
Slide 18: 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 2019 ▪ On the board since 2009
Slide 19: The Visionary Leaders Who Drive SPR Auto Technologies
The Visionary Leaders Who Drive SPR Auto Technologies Mr. Krishnakumar Mr. Sandeep Agrawal Mr. Prem Rathi Mr. Arun Shukla Srinivasan Executive Director & Executive Director & CFO Executive Director – Projects Managing Director & CEO CMO ▪ 38+ Years of experience ▪ 38+ Years of experience ▪ 27+ Years
Slide 20: The SPR Group
The SPR Group Products are marketed to almost all OEMs and Aftermarkets under brands SPR and USHA 100% 100% 100% 100% SPR Auto Interior Lighting SPR Auto Interior Solutions Pvt. SPR Engenious Ltd. (SEL) Karna Intertech Pvt. Ltd. Ltd. Solutions Pvt. Ltd. (Formerly Antolin Lighting India Pvt. Ltd.) (F
Slide 21: Focusing on Strategic Diversification
Focusing on Strategic Diversification Diversification Strategy leading to Change in Business Mix Aftermarket Aftermarket ICE ICE Aftermarket ICE Export Export Export High-Precision Plastic Engineering High-Precision Motors & Tooling Plastic Engineering Controllers Motors & Tooling for EV Controllers
Slide 22: All Segments expected to Grow
All Segments expected to Grow EV Penetration Delayed Start of EV Penetration 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 SPR Auto Tec
Slide 23: Targeted Strategic Initiatives
3 Targeted A Building a Robust Business through Diversification B Driving Innovation by harnessing Technology and R&D Strategic C D Initiatives Accelerating Committed to Growth through Efficiency & Strategic Operational Acquisitions Excellence
Slide 24: Building a Robust Business through Diversification
3A 01 02 03 Building a Robust Diversified Diversified Diversified Across Business through Across Industry Segments Product Portfolio Customer Segments Diversification
Slide 25: Diversified Across Industry Segments in Standalone Business
Diversified Across Industry Segments in Standalone Business Manufacturing Facilities & Assembly Units located at: Domestic Revenue 3 Pathredi, Gurugram, Manufacturing (Rs Million) Rajasthan Facilities 30,312 Haryana 26,481 Bhorakalan 23,901 Karsanpura, 5 20,758 (Gurugram), 16,224 Gujarat Haryana Ass
Slide 26: Diversified Product Portfolio
Diversified Product Portfolio Core / Legacy Products High-Precision Injection Moulded Components Pistons & Piston Pins FI – Components Throttle Unit Brake Unit ECU Air Bag FI – Connectors Thin walled KS Lite Crown Nanofriks DLC coating Anodizing on pins Piston Rings Engine Valves ▪ Chrome plating Do
Slide 27: Diversified Across Customer Segments
Diversified Across Customer Segments Core / Legacy Products High-Precision Injection Moulded Components Automotive Takahata Commercial Vehicles Passenger Vehicles TGPEL Two-Wheelers Tractors Non-Automotive Automotive Interior Solutions Off-Highway, Industrial & Gensets Marine Railways & Defense SPR
Slide 28: Driving Innovation by harnessing Technology and R&D
3B Driving Innovation by harnessing Technology and R&D
Slide 29: Driving Innovation Through Our Ultra Modern Tech Centre
Driving Innovation Through Our Ultra Modern Tech Centre SPR Auto Technologies’ State-of-the-art Tech Centre is fully equipped to provide complete and comprehensive solutions, catering to the exacting needs of the hi-tech, new generation engines With a state-of-the-art Technology Centre, Recognized b
Slide 30: Empowering Next-Gen Mobility Solutions
Empowering Next-Gen Mobility Solutions Focussed on developing components for Alternate Fuel Solutions for ICE, with a vision to service the last ICE engine globally Advanced CNG-compatible components, meeting stringent emission norms and ensuring durability in Hybrid Hydrogen high-pressure environme
Slide 31: Time-Tested Technology Partnerships with Major Global Players
Time-Tested Technology Partnerships with Major Global Players Since 1972 Since 1978 Since 1993 Since 2023 Since 2026 Since 1989 HIGH-PRECISION AUTOMOTIVE INTERIOR PISTONS RINGS PISTONS ENGINE VALVES INJECTION MOULDED SOLUTIONS COMPONENTS Kolbenschmidt, Germany Riken Corporation, Japan Honda Foundry,
Slide 32: Internal Combustion (IC) Engines: Growth Story will continue
Internal Combustion (IC) Engines : Growth Story will continue Insufficient Power Grid capabilities to India is not comparable to the West & Lack of EV charging Infrastructure in Absence of Resale Market support India’s EV ambitions China the country ▪ According to a report by Brookings, in 2030, if
Slide 33: Accelerating Growth through Strategic Acquisitions
3C Accelerating Growth through Strategic Acquisitions
Slide 34: Foray into ICE Agnostic Products (1/3)
Foray into ICE Agnostic Products (1/3) High-Precision Injection Moulded Products SPR Takahata Precision India Pvt. Ltd. SPR TGPEL Precision Engineering Ltd. ▪ SPR Engenious Ltd. (SEL) acquired 62% stake in ▪ SPR Engenious Ltd. (SEL) acquired 100% stake in Transaction Details SPR Takahata Precision I
Slide 35: Foray into ICE Agnostic Products (2/3)
Foray into ICE Agnostic Products (2/3) Electric Motors & Controllers Moulds & Tooling SPR EMF Innovations Pvt. Ltd. Karna Intertech Pvt. Ltd. ▪ SPR Engenious Ltd. (SEL) increased their stake in SPR Transaction Details ▪ SPR Auto Technologies acquired 100% stake in EMF Innovations Pvt. Ltd. (EMFi) fr
Slide 36: Foray into ICE Agnostic Products (3/3)
Foray into ICE Agnostic Products (3/3) Automotive Interior Solutions SPR Auto Interior Lighting Solutions SPR Auto Interior Solutions SPR Auto Interior Solutions Chakan Pvt. Ltd. Pvt. Ltd. Pvt. Ltd. (Formerly Antolin Lighting India Pvt. Ltd.) (Formerly Grupo Antolin India Pvt. Ltd.) (Formerly Grupo
Slide 37: Committed to Efficiency & Operational Excellence
3D Committed to Efficiency & Operational Excellence
Slide 38: Committed to Efficiency & Operational Excellence
Committed to Efficiency & Operational Excellence Focusing on capital efficiency which was evident in significant strengthening of industry leading EBITDA margins from 15.9% in FY22 to 23.3% in FY26 Cost Optimization measures Affordable low-cost automation including Effective & Efficient and interlin
Slide 39: Industry Overview
4 Industry Overview
Slide 40: India’s Growing Automobile Market
India’s Growing Automobile Market Automobile Domestic Production Volumes * Automobile Domestic Sales Volumes * (in Million) (in Million) FY25 FY26 36.0 FY25 FY26 29.5 32.0 26.6 26.7 21.7 23.9 19.6 5.1 5.5 4.3 4.6 1.0 1.2 1.0 1.2 1.1 1.3 1.0 1.3 1.0 1.1 0.7 0.8 Tractors CV 3W PV 2W Auto Tractors CV 3
Slide 41: Internal Combustion Engine Market
Internal Combustion Engine Market Global ICE Market Size * Indian ICE Market Size ^ (USD Billion) (USD Billion) 6.3% CAGR 7.6% CAGR 384.3 283.1 8.3 5.4 2025E 2030P 2025E 2030P • Most car manufacturers are moving towards Hybrid, which requires ICE engines and Motors & Controllers. ICE demand expected
Slide 42: Emerging EV Industry Landscape
Emerging EV Industry Landscape EV Penetration in India (%) & EV Sales (in Thousand)* Category-wise EV Penetration in 2026^ (in %) * 1000 1500 1900 2300 900 39.1% 8.9% 8.0% 7.5% 6.4% 4.8% 7.8% 8.9% 4.5% 5.1% 2022 2023 2024 2025 2026^ CV 3W-P PV 2W Auto Industry • India’s EV sector is witnessing rapid
Slide 43: New State-of-the-Art EV Plant started at Coimbatore
New State-of-the-Art EV Plant started at Coimbatore 42
Slide 44: Historical Standalone Performance Highlights
5 Historical Standalone Performance Highlights
Slide 45: Key Standalone Ratios over the years
Key Standalone Ratios over the years Debt-to-Equity Ratio (x) Interest Coverage Ratio (x) 0.59 27.9 24.8 20.3 21.4 15.3 0.19 0.17 0.15 0.11 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Net Working Capital Cycle (Days) ROE & ROCE (%) 68 ROE ROCE 65 66 58 29.2% 54 27.0% 23.8% 22.9% 19.3% 20.7% 16
Slide 46: Standalone P&L Statement
Standalone P&L Statement (Rs. Million) Particulars FY22 FY23 FY24 FY25 FY26 Revenue from Operations 20,647 26,050 29,537 31,795 35,266 Other Income 292 462 813 1,032 995 Total Income 20,939 26,513 30,351 32,827 36,261 Total Expenses 17,602 21,416 23,237 25,034 27,823 EBITDA 3,337 5,097 7,114 7,793 8
Slide 47: Standalone Balance Sheet
Standalone Balance Sheet (Rs. Million) Assets Mar-25 Mar-26 Equity & Liabilities Mar-25 Mar-26 Non-Current Assets Equity Share Capital 440 440 Property, Plant & Equipment 5,249 5,152 Other Equity 23,651 28,381 Capital Work in Progress 61 180 Total Equity 24,091 28,821 Goodwill & Other Intangible Ass
Slide 48: Standalone Abridged Cash Flow Statement
Standalone Abridged Cash Flow Statement (Rs. Million) Cash Flow Statement Mar-25 Mar-26 Cash Flow from Operating Activities Profit Before Tax 6,680 6,818 Adjustment for Depreciation & Other Operating Items 271 449 Operating Profit before Working Capital Changes 6,951 7,267 Changes in Working Capital
Slide 49: Historical Consolidated Performance Highlights
6 Historical Consolidated Performance Highlights
Slide 50: Key Consolidated Ratios over the years
Key Consolidated Ratios over the years Debt-to-Equity Ratio (x) Interest Coverage Ratio (x) 0.62 20.3 21.4 20.3 20.8 13.5 0.23 0.19 0.19 0.11 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Net Working Capital Cycle (Days) ROE & ROCE (%) 68 ROE ROCE 66 63 60 55 26.6% 25.5% 22.7% 21.7% 20.6% 18.7%
Slide 51: Consolidated P&L Statement
Consolidated P&L Statement (Rs. Million) Particulars FY22 FY23 FY24 FY25 FY26 Revenue from Operations 20,647 26,093 30,893 35,498 44,587 Other Income 292 467 853 1,114 1,126 Total Income 20,939 26,560 31,746 36,612 45,713 Total Expenses 17,602 21,490 24,473 28,256 35,828 EBITDA 3,337 5,070 7,273 8,3
Slide 52: Consolidated Balance Sheet
Consolidated Balance Sheet (Rs. Million) Assets Mar-25 Mar-26 Equity & Liabilities Mar-25 Mar-26 Non-Current Assets Equity Share Capital 440 440 Property, Plant & Equipment 7,707 10,079 Other Equity 24,533 29,743 Total Equity 24,973 30,183 Capital Work in Progress 578 507 Liabilities Goodwill & Othe
Slide 53: Consolidated Abridged Cashflow Statement
Consolidated Abridged Cashflow Statement (Rs. Million) Cash Flow Statement Mar-25 Mar-26 Cash Flow from Operating Activities Profit Before Tax 6,816 7,505 Adjustment for Depreciation & Other Operating Items 614 1,043 Operating Profit before Working Capital Changes 7,431 8,549 Changes in Working Capi
Slide 54: Focus on Sustainability
7 Focus on Sustainability
Slide 55: Huge Focus on Sustainability (1/2)
Huge Focus on Sustainability (1/2) Environmental Social Governance • Implemented ISO 14001 Environmental Management ▪ Steering Committee on ESG under ▪ Implemented ISO 45001 Occupational Health and Systems at both manufacturing sites chairmanship of our MD & CEO Safety Management System across organ
Slide 56: Huge Focus on Sustainability (2/2)
Huge Focus on Sustainability (2/2) Environmental Social Governance Initiatives Initiatives Initiatives ▪ Voluntary disclosure of BRSR ▪ 21% of Total energy is from Renewable ▪ Improvements in Attrition Rate ▪ Strong commitment of Board to good ▪ 100% Used water is recycled (ZLD) ▪ #2 days trainings
Slide 57: Prestigious Recognitions for Sustainability Efforts
Prestigious Recognitions for Sustainability Efforts ESG Rating -2 Excellence in ESG Assurance of Green 2025 - Climate & Water 2025 – ECOVADIS Significant (Highest rating in Gold Award – 2025 House Gas disclosure awarded Bronze Medal achievement in India) by ACMA Emissions as per ISO rating “B” Corpo
Slide 58: Annexures
O Annexures SHRIRAN
Slide 59: Awards and Accolades
Awards and Accolades From Customers From Industry Bodies ▪ Institute of Directors, India - Golden Peacock Award for the second time for “Excellence in Corporate Governance – 2025” ▪ Cummins India - Supplier of the Year Award – Direct Sourcing ▪ Automotive Component Manufacturers Assn. Of India (ACMA
Slide 60: Delivering Value to the Shareholders
Delivering Value to the Shareholders Shareholding as on 31st March 2026 Share Information as on 31st March 2026 (except Market Cap) NSE Ticker SHRIPISTON Promoters Shares Outstanding (Million) 44.0 DII 33.8% Market Cap (Rs. Million) (as on 11th May 2026) 1,58,416 43.8% FII % Free Float 56.25% Free F
Slide 61: Committed to Giving Back to the Society
Committed to Giving Back to the Society Govt. Girls Sr. Sec. School, Tijara Tree Plantation Drive Awards from Rajasthan Govt. Annual CSR Spend (Rs Million) 111 Before After Education Environment Health & Education 81 Mobile Medical Van, Pathredi Work & Award in Prosthetics Dispensary In Bhiwadi 52 H
Slide 62: Thank You
Thank You SPR Auto Technologies Limited Ernst & Young LLP Prem Rathi Rohit Anand rohit.anand4@in.ey.com Executive Director & CFO Riddhant Kapur prem.rathi@shrirampistons.com riddhant.kapur@in.ey.com Pankaj Gupta Dy. Executive Director, Head Legal & Company Secretary pankaj.gupta@shrirampistons.com
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