SPR Auto Technologies Ltd
4,337.00
INR
-139.20
(-3.11%)
ISIN
INE526E01018
Return %
Stock
S&P 500
1Y
60.97
14.20
3Y
292.58
81.12
5Y
863.72
68.34
Capital Structure
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INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- CEO
- Krishnakumar Srinivasan
- Full Time Employees
- 10,401
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- Himalaya House New Delhi DE India 110001
- IPO Date
- Jun 2, 2016
- Website
- shrirampistons.com
- Similar Companies
- Business
- Shriram Pistons & Rings Limited manufactures and markets pistons, piston pins, piston rings, and engine valves for automotive original equipment manufacturers and aftermarket customers in India and overseas; the company also produces precision injection-moulded components, electric vehicle motors and controllers, precision moulded parts including power window parts, wiper motor parts, door lock parts, seat belt parts, junction and relay boxes, fuel pump modules, throttle sensors, ECUs, steering parts, head lamp unit assemblies, case parts, starter motors, air conditioning parts, brake unit assemblies, and accelerator pedal sensors, as well as die casting molds, marketed under the SPR and USHA brands. Founded in 1972 and headquartered in New Delhi, India, with manufacturing facilities in Ghaziabad, Uttar Pradesh; Pathredi, Rajasthan; and Pithampur, Madhya Pradesh, Shriram Pistons operates in the automotive components sector, serving two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, tractors, and industrial engines compliant with Euro 4, Euro 5, Euro 6, and BS VI standards; it exports to Europe, the USA, and Asia, supplying leading OEMs such as Ashok Leyland, Bajaj Auto, Daimler, Hero MotoCorp, Honda, Hyundai, Mahindra, Maruti Suzuki, Tata Motors, TVS Motor, Perkins, Caterpillar, CNH Industrial, IVECO, Cummins, Yanmar, BMW, Jaguar Land Rover, and ZF Wabco. The company maintains technical collaborations with Kolbenschmidt Pierburg (Germany) for pistons, Riken Corporation (Japan) for rings, Honda Foundry (Japan) for pistons, and Fuji Oozx (Japan) for engine valves, supported by an in-house tech centre offering end-to-end design, development, validation, finite element analysis, simulation, rig testing, prototype development, and engine testing services. Recent strategic expansions through its wholly-owned subsidiary SPR Engenious Ltd include the acquisition of a majority stake in SPR EMF Innovations Pvt Ltd for electric powertrain components covering 250W to 300kW motors and controllers for two-wheelers to buses, a majority stake in SPR Takahata Precision India Pvt Ltd at Neemrana, Rajasthan, for precision engineering and moulded automotive and industrial parts, and a 100% acquisition of TGPEL Precision Engineering Ltd (formerly Timex Group Precision Engineering Ltd) for Rs 220 crore on a debt-free cash-free basis, completed in December 2024 to bolster high-precision injection-moulded components agnostic to internal combustion engines; these moves generated group annual turnover exceeding US$381 million and market capitalization over US$1 billion as of March 2024, with over 9,000 employees and certifications including IATF 16949, ISO 9001, and ISO 27001.