About Shriram Pistons & Rings Limited

Shriram Pistons & Rings Limited is an Indian public company incorporated on December 9, 1963, manufacturing pistons, piston pins, piston rings, and engine valves for the automotive sector, with its registered office at 3rd Floor, Himalaya House, 23, Kasturba Gandhi Marg, New Delhi 110001, and equity listed on the National Stock Exchange of India Ltd. The company reported revenue from operations of Rs 3,179.51 crore for the year ended March 31, 2025, reflecting its core business scale and market presence in automotive components per the audited standalone financials approved on May 7, 2025.

• History and activities: Established in 1963, the company operates under CIN L29112DL1963PLC004084, and its primary activity is manufacturing key engine components, notably pistons, rings, pins, and engine valves, serving OEMs and allied automotive customers.

• Products/services: The primary products manufactured are pistons, piston pins, piston rings, and engine valves; the portfolio also supports cleaner fuels such as CNG, ethanol blending, and hydrogen applications for customers as part of decarbonisation alignment.

• Operating geographies: Sales span domestic and international markets, with varied shipment terms across operating markets referenced in auditor focus on revenue recognition timing; however, a precise geographic revenue split is not disclosed in the report sections cited here.

• Subsidiaries: SPR Engenious Limited is a wholly-owned subsidiary identified as a material unlisted subsidiary; during FY 2024-25, the parent infused equity of Rs 250.00 crore into this entity, and the secretarial audit of SEL is annexed.

• Strategic acquisition: Through SPR Engenious Limited, the group acquired 100% of SPR TGPEL Precision Engineering Limited (formerly Timex Group Precision Engineering Limited), expanding into high-precision moulds and injection-moulded components with two Noida facilities servicing automotive and other sectors.

• Key milestones (latest year): Revenue from operations reached Rs 3,179.51 crore with profit after tax of Rs 497.81 crore, supported by robust internal financial controls and unmodified audit opinions on both statutory and internal controls.

Shriram Pistons & Rings Limited Business segments

• Segment/vertical contribution: The report’s cited sections describe the company’s automotive components focus but do not disclose percentage contribution to revenue by segment/vertical; hence, this is not presented here.
  

Shriram Pistons & Rings Limited Key Management

• Krishnakumar Srinivasan — Managing Director & CEO (re-appointed for 5 years w.e.f. February 11, 2025 to February 10, 2030)

• Luv Deepak Shriram — Whole-time Director (re-appointed for 5 years w.e.f. May 5, 2024 to May 4, 2029)

• Prem Prakash Rathi — Chief Financial Officer

• Pankaj Gupta — Company Secretary

• Pradeep Dinodia — Chairman, Non-Executive Director

• Meenakshi Dass — Non-Executive Director

• Klaus Semke — Non-Executive Director (retiring by rotation at the ensuing AGM, eligible for re-appointment)

• Tina Trikha — Non-Executive Independent Director (appointed May 13, 2024)

• Hari Shanker Bhartia — Non-Executive Independent Director (re-appointed for second term from March 31, 2025)

• Yasunori Maekawa — Non-Executive, Non-Independent Director (appointed May 13, 2024)

• Shigeto Muno — Alternate Director to Yasunori Maekawa (appointed June 12, 2024)

Latest updates on Shriram Pistons & Rings Limited

• Acquisition of SPR TGPEL Precision Engineering Limited via SPR Engenious Limited, marking entry into precision moulds and injection-moulded components with two advanced Noida plants.

• Equity infusion of Rs 250.00 crore into SPR Engenious Limited during FY 2024-25 to support strategic growth.

• Sustainability progress: 68% increase in renewable energy mix, 11% reduction in Scope 1 & 2 GHG emission intensity, and movement towards Zero Liquid Discharge across units, aligning with a carbon-neutral ambition.

• Governance and controls: Unmodified statutory audit opinion; adequate internal financial controls; internal audit by Ernst & Young and RSM Astute alongside in-house teams.

• Board changes: Appointments of Tina Trikha, Yasunori Maekawa; re-appointments of Meenakshi Dass, Pradeep Dinodia; re-appointment of MD & CEO Krishnakumar Srinivasan; resignation of Shinichi Unno and appointment of Akihiro Ozaki (NED Independent) to fill casual vacancy subject to DIN.

• Dividend recommendation: Rs 10.00 per equity share for FY 2024-25 including interim Rs 5.00, subject to approval at the 61st AGM; book closure July 26, 2025 to August 1, 2025.