Shriram Pistons & Rings Limited (SHRIPISTON) - Net Assets
Based on the latest financial reports, Shriram Pistons & Rings Limited (SHRIPISTON) has net assets worth Rs27.49 Billion INR (≈ $297.30 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs40.29 Billion ≈ $435.75 Million USD) and total liabilities (Rs12.80 Billion ≈ $138.45 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SHRIPISTON cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs27.49 Billion |
| % of Total Assets | 68.23% |
| Annual Growth Rate | 14.34% |
| 5-Year Change | 117.51% |
| 10-Year Change | 262.37% |
| Growth Volatility | 7.76 |
Shriram Pistons & Rings Limited - Net Assets Trend (2013–2025)
This chart illustrates how Shriram Pistons & Rings Limited's net assets have evolved over time, based on quarterly financial data. Also explore SHRIPISTON asset base for the complete picture of this company's asset base.
Annual Net Assets for Shriram Pistons & Rings Limited (2013–2025)
The table below shows the annual net assets of Shriram Pistons & Rings Limited from 2013 to 2025. For live valuation and market cap data, see Shriram Pistons & Rings Limited (SHRIPISTON) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs24.97 Billion ≈ $270.07 Million |
+23.60% |
| 2024-03-31 | Rs20.21 Billion ≈ $218.51 Million |
+31.07% |
| 2023-03-31 | Rs15.42 Billion ≈ $166.71 Million |
+22.83% |
| 2022-03-31 | Rs12.55 Billion ≈ $135.73 Million |
+9.31% |
| 2021-03-31 | Rs11.48 Billion ≈ $124.17 Million |
+7.25% |
| 2020-03-31 | Rs10.71 Billion ≈ $115.77 Million |
+1.44% |
| 2019-03-31 | Rs10.55 Billion ≈ $114.13 Million |
+15.55% |
| 2018-03-31 | Rs9.13 Billion ≈ $98.77 Million |
+14.97% |
| 2017-03-31 | Rs7.94 Billion ≈ $85.91 Million |
+15.27% |
| 2016-03-31 | Rs6.89 Billion ≈ $74.53 Million |
+13.50% |
| 2015-03-31 | Rs6.07 Billion ≈ $65.67 Million |
+8.44% |
| 2014-03-31 | Rs5.60 Billion ≈ $60.55 Million |
+11.91% |
| 2013-03-31 | Rs5.00 Billion ≈ $54.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shriram Pistons & Rings Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 411.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs23.36 Billion | 97.61% |
| Common Stock | Rs440.50 Million | 1.84% |
| Other Comprehensive Income | Rs23.50 Billion | 98.16% |
| Total Equity | Rs23.94 Billion | 100.00% |
Shriram Pistons & Rings Limited Competitors by Market Cap
The table below lists competitors of Shriram Pistons & Rings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Devyani International Limited
NSE:DEVYANI
|
$1.66 Billion |
|
Snowsky Salt Industry Group Co Ltd
SHG:600929
|
$1.66 Billion |
|
Qinchuan Machine Tool & Tool Group Share Co Ltd
SHE:000837
|
$1.66 Billion |
|
Corporate Travel Management Ltd
AU:CTD
|
$1.66 Billion |
|
Chengdu Easton Biopharmaceuticals Co Ltd
SHG:688513
|
$1.66 Billion |
|
Sionna Therapeutics, Inc. Common Stock
NASDAQ:SION
|
$1.66 Billion |
|
Zhejiang CONBA Pharmaceutical Co Ltd
SHG:600572
|
$1.66 Billion |
|
Dis-Chem Pharmacies
JSE:DCP
|
$1.66 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shriram Pistons & Rings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 19,256,800,000 to 23,936,600,000, a change of 4,679,800,000 (24.3%).
- Net income of 5,066,800,000 contributed positively to equity growth.
- Dividend payments of 440,500,000 reduced retained earnings.
- Other comprehensive income increased equity by 5,979,860,001.
- Other factors decreased equity by 5,926,360,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs5.07 Billion | +21.17% |
| Dividends Paid | Rs440.50 Million | -1.84% |
| Other Comprehensive Income | Rs5.98 Billion | +24.98% |
| Other Changes | Rs-5.93 Billion | -24.76% |
| Total Change | Rs- | 24.30% |
Book Value vs Market Value Analysis
This analysis compares Shriram Pistons & Rings Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.42x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 31.22x to 6.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | Rs111.83 | Rs3491.10 | x |
| 2014-03-31 | Rs125.14 | Rs3491.10 | x |
| 2015-03-31 | Rs135.72 | Rs3491.10 | x |
| 2016-03-31 | Rs154.04 | Rs3491.10 | x |
| 2017-03-31 | Rs177.54 | Rs3491.10 | x |
| 2018-03-31 | Rs204.11 | Rs3491.10 | x |
| 2019-03-31 | Rs235.88 | Rs3491.10 | x |
| 2020-03-31 | Rs239.25 | Rs3491.10 | x |
| 2021-03-31 | Rs256.60 | Rs3491.10 | x |
| 2022-03-31 | Rs280.49 | Rs3491.10 | x |
| 2023-03-31 | Rs346.83 | Rs3491.10 | x |
| 2024-03-31 | Rs437.16 | Rs3491.10 | x |
| 2025-03-31 | Rs543.38 | Rs3491.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shriram Pistons & Rings Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.27%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.56x
- Recent ROE (21.17%) is above the historical average (13.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.78% | 4.65% | 0.89x | 2.36x | Rs-10.85 Million |
| 2014 | 12.44% | 5.95% | 0.98x | 2.13x | Rs136.62 Million |
| 2015 | 9.44% | 4.61% | 1.05x | 1.96x | Rs-34.02 Million |
| 2016 | 13.46% | 6.66% | 1.12x | 1.81x | Rs238.15 Million |
| 2017 | 14.87% | 8.05% | 1.08x | 1.71x | Rs386.61 Million |
| 2018 | 15.21% | 8.19% | 1.14x | 1.63x | Rs475.57 Million |
| 2019 | 13.12% | 7.22% | 1.22x | 1.49x | Rs329.19 Million |
| 2020 | 6.82% | 4.63% | 1.01x | 1.46x | Rs-340.14 Million |
| 2021 | 7.73% | 5.65% | 0.92x | 1.48x | Rs-260.64 Million |
| 2022 | 13.03% | 8.08% | 1.09x | 1.47x | Rs380.62 Million |
| 2023 | 19.21% | 11.25% | 1.10x | 1.55x | Rs1.41 Billion |
| 2024 | 22.98% | 14.33% | 0.98x | 1.63x | Rs2.50 Billion |
| 2025 | 21.17% | 14.27% | 0.95x | 1.56x | Rs2.67 Billion |
Industry Comparison
This section compares Shriram Pistons & Rings Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $16,641,062,472
- Average return on equity (ROE) among peers: 9.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shriram Pistons & Rings Limited (SHRIPISTON) | Rs27.49 Billion | 9.78% | 0.47x | $1.66 Billion |
| Asahi India Glass Limited (ASAHIINDIA) | $12.88 Billion | 11.93% | 2.00x | $2.31 Billion |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $937.98 Million |
| Balkrishna Industries Limited (BALKRISIND) | $35.43 Billion | 20.23% | 0.63x | $4.52 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $8.33 Billion | 8.30% | 0.46x | $956.83 Million |
| Bharat Gears Limited (BHARATGEAR) | $706.79 Million | -5.95% | 3.18x | $17.81 Million |
| Bosch Limited (BOSCHLTD) | $82.81 Billion | 18.52% | 0.39x | $11.48 Billion |
| CEAT Limited (CEATLTD) | $4.88 Billion | -3.30% | 2.39x | $1.50 Billion |
| CIE Automotive India Limited (CIEINDIA) | $1.77 Billion | -6.74% | 0.78x | $1.94 Billion |
| Craftsman Automation Limited (CRAFTSMAN) | $6.83 Billion | 14.25% | 2.40x | $1.98 Billion |
| Divgi Torqtransfer Systems Limited (DIVGIITTS) | $2.34 Billion | 16.90% | 0.19x | $238.35 Million |
About Shriram Pistons & Rings Limited
Shriram Pistons & Rings Limited manufactures and sells automotive components in India. The company offers pistons, piston pins, piston rings, and engine valves. It also provides cylinder liners; crankshafts; connecting rods; cylinder heads; lubricating oils; fuel, air, cabin, and hydraulic filters; and gaskets, such as copper asbestos copper, aluminium asbestos aluminium, multilayer steel, asbest… Read more