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Shriram Pistons & Rings Ltd dividend

Shriram Pistons & Rings Ltd dividend

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₹ 15.0 Cr

Volume transacted

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77.4 K

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Shriram Pistons & Rings Ltd

NSE: SHRIPISTON

DPS

15

Last updated : FY 2023

Key Highlights

    The Dividend per Share of Shriram Pistons & Rings Ltd is ₹ 15 as of 2023 .a1#The Dividend Payout of Shriram Pistons & Rings Ltd changed from 16.16 % on March 2019 to 11.18 % on March 2023 . This represents a CAGR of -7.10% over 5 years. a1#The Latest Trading Price of Shriram Pistons & Rings Ltd is ₹ 1937 as of 14 Jun 15:30 .a1#The Market Cap of Shriram Pistons & Rings Ltd changed from ₹ 2300 crore on March 2019 to ₹ 2218 crore on March 2023 . This represents a CAGR of -0.72% over 5 years. a1#The Revenue of Shriram Pistons & Rings Ltd changed from ₹ 626.97 crore to ₹ 879.49 crore over 8 quarters. This represents a CAGR of 18.44% a1#The EBITDA of Shriram Pistons & Rings Ltd changed from ₹ 100.48 crore to ₹ 200.93 crore over 8 quarters. This represents a CAGR of 41.41% a1#The Net Profit of Shriram Pistons & Rings Ltd changed from ₹ 54.66 crore to ₹ 116.46 crore over 8 quarters. This represents a CAGR of 45.97% a1#

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Share Price Vs Dividend Yield

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Fundamental Metrics

Market Cap

8,517 Cr

EPS

100.5

P/E Ratio (TTM) *

19.3

P/B Ratio (TTM) *

4.4

DTE *

0.3

ROE *

23.0

ROCE *

25.6

Dividend Yield *

1.49

DPS *

15

Dividend Payout *

11.18

Ann.Dividend % *

150

* All values are consolidated

* All values are consolidated

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Dividend Payout Over Time

Dividend payout refers to the total dividends paid to shareholders relative to the company's earnings. It is a financial measure that determines the percentage of earnings paid out to existing shareholders as dividends. How to calculate Dividend Payout Ratio? The dividend payout ratio formula is as follows: DPR = Dividends paid / Net earnings With the dividend payout ratio, you can understand the company's priorities. It is an important metric that allows you to easily check DPR online.

Dividend Payout Over Time

Period
Mar '1916
Mar '2018
Mar '2115
Mar '2213
Mar '2311

* All values are a in %

Dividend per Share (DPS) Over Time

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DIVIDENDYIELD

Dividend Yield is a financial ratio that shows the annual dividend income relative to the market price of a share. It is calculated by dividing the dividend per share by the current market price per share, expressed as a percentage.

Dividend Yield Comparison With Top Peers

1M

1Y

3Y

5Y

* All values are in %

Net Profit Vs Dividend Per Share

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Shriram Pistons & Rings Ltd

NSE: SHRIPISTON

PRICE

1937.25

-20.00 (-1.02%)

stock direction

Last updated : 14 Jun 15:30

SWOT Analysis Of Shriram Pistons & Rings Ltd

Strength

5

S

Weakness

2

W

Opportunity

0

O

Threats

1

T

Dividend Overview for Shriram Pistons & Rings Ltd

  • Shriram Pistons & Rings Ltd, boasts of a market capitalization of Rs 8518 Cr., with a share price of Rs NaN as of 14 Jun 15:30. While all stocks don't consistently pay dividends, Shriram Pistons & Rings Ltd rewarded its shareholders, distributing 11.2 % for the full year.
  • In the year ending 2022, Shriram Pistons & Rings Ltd declared a dividend of Rs 10, resulting in a dividend yield of 1.4% Assessing its dividend-paying capacity and valuation is crucial to determine its suitability as a dividend stock.
  • During the year ending 2023, Shriram Pistons & Rings Ltd recorded revenues of Rs 3089 Cr, with a trailing EBITDA Margin of 23.5% and net-profit of Rs 443 Cr

Overview of Dividend

Types of Dividend


Special Dividend

A dividend is paid on common stock when a company has accumulated substantial profits over years, often seen as excess cash that doesn't need immediate use.


Preferred Dividend

A quarterly dividend is paid to preferred stock owners, typically accumulating a fixed amount, and is earned on shares that function more like bonds.


Interim Dividend

Companies declare interim dividends before final full-year accounts are prepared, specifically in India, during the financial year from April to March of the following year.


Final Dividend

A final dividend is issued after the year's accounts have been compiled. Aside from this, the following list highlights the most prevalent sorts of dividends:


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Market Cap Over Time

Market Cap or market capitalisation refers to metrics that are used to measure a company's size. It is defined as the total market value of a company's outstanding shares of stock. Formula of Market Cap: Market Capital = N * P Here, N for the outstanding shares P refers to the closing price of the company's shares. Types of Companies based on Market Cap: - Small-Cap stocks: Up to 500 Crore - Mid-Cap Stocks: From Rs.500 crore up to Rs.7,000 crore - Large-Cap Stocks: From Rs.7,000 crore up to Rs.20,000 crore

Market Cap Over Time

Period
Mar '192300
Mar '20893
Mar '211781
Mar '221553
Mar '232218

* All values are a in crore

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Revenue Over Time

Revenue term means the amount of money a company earns from its primary business activities such as the sales of its products & services. Types of Revenue: 1. Operating revenue: It refers to the income generated from the core business activities, which are sales of goods or services rendered. 2. Non-Operating revenue: It is the income generated from secondary sources unrelated to the primary business. Examples include rents, dividends, interest, and royalty fees. Formula for Revenue: The formula for calculating revenue is based on two goods & services: For goods: Revenue = Avg unit price x Number of Units sold For services: Revenue = Avg unit price x Number of Customers served.

Revenue Over Time

Period
Jun '22627
Sep '22664
Dec '22648
Mar '22717
Jun '23735
Sep '23775
Dec '23785
Mar '23879

* All values are a in crore

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EBITDA Over Time

PBIDT stands for Profit Before Interest, Depreciation, and Taxes. It is a financial metric that measures a company's profitability before accounting for interest expenses, depreciation of assets, and taxes. Formula to calculate PBIDT: PBIDT = Net Income + Interest + Depreciation + Taxes or PBIDT = Operating Income + Depreciation + Taxes PBIDT vs EBITDA vs EBIT vs EBT: Here is a brief explanation of the differences: - PBIDT (Profit Before Interest, Depreciation, and Taxes) includes taxes in its calculation, unlike EBITDA. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) excludes taxes and interest, focusing on operational performance. - EBIT (Earnings Before Interest and Taxes) excludes interest and taxes, providing a measure of core operational profitability. - EBT (Earnings Before Taxes) includes all operating income but does not account for interest expenses. Conclusion: PBIDT, similar to EBITDA, is a measure of operational profitability but includes taxes in its calculation.

EBITDA Over Time

Period
Jun '22100
Sep '22127
Dec '22129
Mar '22151
Jun '23165
Sep '23181
Dec '23181
Mar '23201

* All values are a in crore

×

Net Profit Over Time

Net profit is the amount of money a company retains after accounting for all expenses, depreciation, interest, taxes, and other deductions. Net Profit formula is expressed as: Net Profit = Total Revenue - Total Expense Net Profit Margin Ratio: Net Profit Margin Ratio = Net Profit / Total Revenue

Net Profit Over Time

Period
Jun '2255
Sep '2273
Dec '2275
Mar '2291
Jun '23101
Sep '23113
Dec '23108
Mar '23116

* All values are a in crore

About Shriram Pistons & Rings Ltd

About Shriram Pistons & Rings Ltd

    Shriram Pistons & Rings Ltd was incorporated on December 9, 1963 as Public Limited Company. India's largest exporter of pistons and rings, Shriram Pistons & Rings is situated in Ghaziabad, Uttar Pradesh. For pistons, the company has tied up with Kolbenschmidt, Germany, the sole suppliers for BMW, Mercedes Benz, Volkswagen, Ford, Volvo, Peugeot, etc. It also has a technical tie-up with Honda Foundry Company, Japan, for Honda-model pistons. Shriram has a dedicated production line for Maruti Udyog. The Company's business activity falls under 'automotive component'. Primary products manufactured by the Company are pistons, piston pins, piston rings and engine valves. It regularly exports pistons, piston pins and rings, and engine valves to Germany, Britain, Holland, Belgium, Greece, Egypt, West Asia, central Asian Republics, South America and Australia, amongst others. The Company deploys most modern manufacturing equipment and processes, using state-of-the-art technology. SPR has evolved into a centre of manufacturing excellence, employing over 9000 motivated and multi-skilled employees. The Company is the largest manufacturer of Pistons, Pins, Rings, and Engine Valves in India with two Manufacturing units in Ghaziabad, Uttar Pradesh and one in Pathredi (Rajasthan). Its products are marketed to almost all OEMs and Aftermarkets under the brands 'SPR' and 'USHA'. In 1994-95, the company received the ISO 9001 certification from RW TUV, Germany, for its pistons/pins/rings division and marketing functions of the company. The company diversified into the manufacture of steel rings and Rikvent oil-control rings. It had set up manufacturing facilities for steel rings in collaboration with Riken Corporation, Japan, as also expanded its piston capacity. Steel ring plant and the expanded capacity of pistons were commissioned in 1995. The company meets the total requirements of pistons for the Honda joint ventures in India. During 1996-97 its Piston Plant capacity was expanded by setting up an additional machining line to manufacture Gasoline pistons. Engine Valve plant capacity expansion was also implemented during the year. During 1997-98, the company received the recognition of a Export House, also the 'Best Vendor' award from Maruti Udyog Ltd. SPRL has received QS-9000 accredition from RWTUV, Germany during 1998-99. It also received the 'ACMA Quality Award' and the 'Best Performing Supplier Award' from Tata Cummins Ltd and Certificate of Export Excellence from Engineering Export Promotion Council in the year 1999-2000. The company introduced New models/pistons/piston rings,pins/engine valves. It has expanded the installed capacity of Piston Ring Works during 2002-03. During year 2018-19, Shriram Automotive Products Ltd.(SAPL) was amalgamated with the Company effective on 29.03.2019. The Company implemented low cost automation, interlinking of machines, and installation of robots in Foundry operations. During year 2019-20, the Company set up a Centre of Excellence for Surface Treatment, it identified projects for diversification of its product portfolio, for continuous growth in sales and to minimize the impact of electric mobility in some segments. SPR Engenious Limited was formed as a wholly owned subsidiary of the Company for diversifying its product portfolio in the area related to the automotive segment on 26.9.2022. The Company through its wholly owned subsidiary SPR Engenious Ltd. acquired 51% stake in the share capital of EMF Innovations Private Limited (EMFI) in 2022.

Shriram Pistons & Rings Ltd News Hub

News

Board of Shriram Pistons & Rings recommends final dividend

Shriram Pistons & Rings announced that the Board of Directors of the Company at its meetin...

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14 May 202410:06

News

Shriram Pistons & Rings AGM scheduled

Shriram Pistons & Rings announced that the 60th Annual General Meeting(AGM) of the company...

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14 May 202410:06

News

Shriram Pistons & Rings to announce Quarterly Result

Shriram Pistons & Rings will hold a meeting of the Board of Directors of the Company on 13...

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04 May 202411:08

News

Board of Shriram Pistons & Rings recommends interim dividend

Shriram Pistons & Rings announced that the Board of Directors of the Company at its meetin...

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31 Jan 202416:27

News

Shriram Pistons & Rings to declare Quarterly Result

Shriram Pistons & Rings will hold a meeting of the Board of Directors of the Company on 30...

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19 Jan 202415:13

News

Shriram Pistons & Rings to hold board meeting

Shriram Pistons & Rings will hold a meeting of the Board of Directors of the Company on 6 ...

Read more

02 Nov 202314:44

FAQs for dividends of Shriram Pistons & Rings Ltd

What is the current market price of Shriram Pistons & Rings Ltd Ltd as of June 14, 2024?

The current market price of Shriram Pistons & Rings Ltd Ltd stands at NaN per share.

What dividend did Shriram Pistons & Rings Ltd declare in the last fiscal year?

In the last fiscal year, Shriram Pistons & Rings Ltd declared a dividend totaling ₹10.0.

What is the most recent dividend declared by Shriram Pistons & Rings Ltd?

Shriram Pistons & Rings Ltd recently declared a dividend of 0.0 in the latest quarter

How many times has Shriram Pistons & Rings Ltd declared dividends in the current fiscal year

Shriram Pistons & Rings Ltd has declared dividends 4 times totaling ₹5 in the current fiscal year (FY2023-2024).

How many times did Shriram Pistons & Rings Ltd declare dividends in the previous fiscal year?

In the previous fiscal year (FY2022-2023), Shriram Pistons & Rings Ltd declared dividends 4 times totaling ₹10.
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