This small-cap Auto Ancillaries stock, engaged in the manufacturing of pistons, piston rings, engine valves, and related components for automotive and industrial applications, skyrocketed 17.14 percent after the company reported March quarterly results with a 30.12 percent QOQ increase in net profit and announced a dividend of Rs. 5 per equity share.
With a market capitalization of Rs. 11,546.99 crores, the share of Shriram Pistons and Rings Limited has reached an intraday high of Rs. 2,181.50 per equity share, rising nearly 17.14 percent from its previous day’s close price of Rs. 1,862.25. Since then, the stock has retreated and is currently trading at Rs. 2,155 per equity share.
Coming into the quarterly results of Shriram Pistons and Rings Limited, the company’s consolidated revenue from operations increased by 15.52 percent YOY, from Rs. 855.56 crore in Q4 FY24 to Rs. 988.37 crore in Q4 FY25, and grew by 16.57 percent QoQ from Rs. 847.89 crore in Q3 FY25.
In Q4 FY25, Shriram Pistons and Rings Limited’s consolidated net profit increased by 30.12 percent YOY, reaching Rs. 151.54 crore compared to Rs. 116.46 crore during the same period last year. As compared to Q3 FY25, the net profit has increased by 25.26 percent, from Rs. 120.98 crore.The basic earnings per share increased by 22.54 percent and stood at Rs. 33.27 as against Rs. 27.15 recorded in the same quarter in the previous year, 2024.
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Dividend: The Shriram Pistons and Rings Limited board of directors has recommended paying a final dividend at the rate of 50 percent on the face value of paid-up equity shares of Rs. 10 each for the financial year 2024-25, which is a dividend of Rs. 5 per equity share.
FY25 Results: Shriram Pistons and Rings Limited’s revenue has increased from Rs. 3,089.33 crore in FY24 to Rs. 3,549.83 crore in FY25, which is a growth of 14.91 percent. The net profit has also grown by 17.56 percent, from Rs. 438.56 crore in FY24 to Rs. 515.56 crore in FY25.
Shriram Pistons and Rings Limited (SPR) was established in 1963 and is India’s largest manufacturer of pistons, piston rings, and engine valves. The company serves both domestic and global automotive markets, supplying products for a wide range of vehicles, including two-wheelers, passenger cars, commercial vehicles, and agricultural machinery.
The company operates in key markets like India, Europe, the USA, Asia, and Australia. They recently acquired companies such as Karma Intertech, TGPEL Precision Engineering, SPR Takahata, and EMF Innovations. It is also focusing on electric vehicle parts and supplies major customers like Ford, Honda, Kia, Renault, Maruti, BMW, Mercedes-Benz, and Volkswagen.
The company is confident about continuing its growth in all areas and focusing on smart investments in both its long-standing businesses and new areas, such as hydrogen pistons and ethanol-related products. This shows the company’s aim to grow stronger and stay ahead by exploring future-ready technologies.
Written By – Nikhil Naik
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