SHRIPISTON Price Action

Here are more detailed insights on Shriram Pistons & Rings Ltd (SHRIPISTON):

**Financial Performance:**
- For FY2025, revenue stood at ₹35.5 billion, up 15% year-on-year.
- Net income reached ₹5.07 billion, a growth of 14%, with a stable profit margin of 14%.
- Latest quarterly (Q1 FY26) income was ₹991.7 crore, up 12.8% sequentially and 14.9% year-over-year; profit after tax was ₹134.9 crore, up 15.8% QoQ and 15.1% YoY.
- EPS for Q1 FY26 was ₹30.40, up from ₹27.10 in the previous quarter.

**Growth & Forecasts:**
- The company’s earnings and revenue are expected to grow at roughly 13-14% per annum in the next few years.
- Return on equity is forecast to be about 21% in three years, signalling strong capital efficiency.
- Price target estimates from analysts suggest a potential move toward ₹3,050 in the medium term.

**Business Fundamentals:**
- Shriram Pistons is a leading manufacturer of pistons, piston rings, and engine components for the automotive industry, serving both domestic and export markets.
- Its customer base covers passenger, commercial, and industrial vehicle sectors.
- The company is consistently improving technology and manufacturing processes, supporting quality and competitive positioning.

**Recent Operational Trends:**
- The company reported 21.45% profit growth for the June 2025 quarter, though its debtors turnover ratio has declined, indicating comparatively slower collection of receivables.
- Operational efficiency is strong, but management is actively working on improving the receivables cycle.
- Dividend payout is regular, with a recent interim dividend of ₹5 per share declared.

**Sentiment & Outlook:**
- Investor and analyst sentiment remains positive, with strong fundamental and earnings performance backing the share price.
- Shares are currently trading near all-time highs following quarterly results and forward guidance; some volatility can be expected as profit booking takes place and the company works through receivables issues.
- The company is viewed favorably for its ability to outperform sector average growth rates and maintain robust profit margins.

**Technical Overview:**
- The stock is in a strong uptrend and trading above its major moving averages.
- Key support can be found around ₹2,000; a break above ₹2,600 could target the analyst consensus price of ₹3,050.

Shriram Pistons continues to show solid performance, sector leadership, and growth, though investors may watch for further improvements in cash flow and receivables management for sustained momentum.