IIFL likes Timken India Ltd and Ingersoll-Rand India Ltd among industrial equipment makers. It prefers Action Construction Equipment Ltd, Shriram Pistons & Rings Ltd and Sharda Motor Industries Ltd among auto component makers.

31 promising midcap, smallcap stock ideas from manufacturing sector

Shriram Pistons & Rings consolidated net profit rises 13.24% in the June 2024 quarter

The company’s wholly-owned subsidiary, SPR Engenious Ltd., acquired additional stake in Takahata to increase its total holding to 75%.

Shriram Pistons Shares Locked In Upper Circuit After Takahata Precision Acquisition

Shriram Pistons Standalone June 2023 Net Sales at Rs 713.85 crore, up 15.11% Y-o-Y

Shriram Pistons Consolidated June 2023 Net Sales at Rs 716.42 crore, up 15.53% Y-o-Y

Shriram Pistons Standalone March 2023 Net Sales at Rs 696.71 crore, up 18.64% Y-o-Y

Buzzing stocks: M&M, Greaves Cotton, BHE, BEML, NALCO, GRSE, Delhivery, Glenmark Pharma, Indigo Paints, PB Fintech, Reliance Capital, VA Tech Wabag, Pfizer, Shriram Pistons, ITC, ABB, Info Edge

Stocks that will see action on February 10, 2023

Shriram Pistons & Rings consolidated net profit rises 99.47% in the December 2022 quarter

Will mark its foray into the EV mobility space

Shriram Pistons to acquire majority stake in Singapore’s EMF Innovations

‘The alliance will also offer the potential for SPRL (through SEL) and EMFI to collaborate and partner to serve customers globally’

Shriram Pistons to acquire majority stake in EMFi to foray into EV space

SPR Engenious Ltd (SEL), a wholly-owned subsidiary of the company, is slated to acquire the stake.

Shriram Pistons to acquire majority stake in EMF Innovations to foray into EV space

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Shriram Pistons & Rings Ltd. manufactures Pistons, Piston Pins, Piston Rings and Engine Valves.