What we do Shriram Pistons & Rings Ltd manufactures pistons, rings, and engine valves for automotive and industrial segments, serving OEMs and aftermarket customers globally. |
Founded in 1,963 |
Market share India's largest exporter and manufacturer of pistons, rings, pins, and engine valves with a strong presence in domestic and export markets. |
Problem solved Provides high-quality automotive components enabling efficient and reliable engine performance for internal combustion and emerging electric vehicle technologies. |
Top clients or who we serve Serves major OEMs including Maruti Udyog, Honda joint ventures, and aftermarket customers; operates in B2B and B2C segments. |
Key management Mr. Krishnakumar Srinivasan (MD & CEO), Mr. Luv Deepak Shriram (Whole-time Director) with over 30 years of industry experience each. |
Our journey and innovations Founded in 1963, it evolved through global technology tie-ups and strategic acquisitions, expanding into EV components and high-precision engineering. |
Where we operate Exports to Germany, Britain, Holland, Belgium, Greece, Egypt, West Asia, Central Asian Republics, South America, and Australia. |
Top products or what we offer Flagship products include pistons, piston rings, pins, engine valves, and precision injection molded components for ICE and EV segments. |
Top brands Brands 'SPR' and 'USHA' dominate Indian markets; recognized for quality and export excellence; Atsmnirbhar Excellence Award winner. |
Raw materials needed Steel, aluminum alloys, coatings, and precision molds are critical raw materials for manufacturing pistons and engine components. |
Raw materials supplier Supplies from global sources including Kolbenschmidt (Germany) and Riken Corporation (Japan). |
Recurring vs cyclical contribution Revenue is a blend of recurring OEM contracts and cyclical aftermarket sales, with growing EV component sales diversifying revenue streams. |
Our industry position Market leader in India for pistons and rings, with growing presence in EV and high precision injection molding segments. |
Financial highlights FY25 standalone revenue Rs. 32.8 billion, PAT Rs. 5.0 billion, EBITDA margin ~23.7%, 7-10% CAGR in recent years. |
Geographical revenue split Domestic sales Rs. 30.1 billion; Export sales Rs. 4.8 billion, across multiple continents. |
Order book Not specifically disclosed; maintains strategic partnerships and ongoing OEM contracts supporting steady order flow. |
Whats driving growth R&D in ICE and EV components, strategic acquisitions, operational efficiencies, and expanding global OEM relationships. |
Our future plans Expanding EV component portfolio, international market reach, backward integration via acquisitions, and enhancing manufacturing automation. |
Our green promise Committed to renewable energy adoption, zero liquid discharge plants, water conservation, and sustainability certifications. |
Our people and values Over 3,800 employees emphasizing skill development, inclusion, employee welfare, and safety practices. |
Key challenges ahead Geopolitical export risks, raw material sourcing, EV market transition challenges, and competitive technology advancements. |
Interesting facts First Indian company with multiple historic tech tie-ups and awarded multiple quality and export excellence awards. |
Risks and strategy Risk mitigation via diversification into EV tech, operational excellence, strategic acquisitions, and market expansion. |
