Integrated Filing — IndAS



General information about company

Scrip Code 544344
NSE Symbol SHRIPISTON
MSEI Symbol NOTLISTED
ISIN INE526E01018
Name of company SHRIRAM PISTONS & RINGS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 11-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 03-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment AUTOMOTIVE SEGMENT
Start date and time of board meeting 11-05-2026   14:05:00
End date and time of board meeting 11-05-2026   17:20:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,45,580.00 4,45,870.00
Other income 2,490.00 11,260.00
Total income 1,48,070.00 4,57,130.00
2 Expenses
(a) Cost of materials consumed 71,430.00 1,99,190.00
(b) Purchases of stock-in-trade 2,430.00 8,630.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 1,110.00 (2,060.00)
(d) Employee benefit expense 15,820.00 57,590.00
(e) Finance costs 3,290.00 6,220.00
(f) Depreciation, depletion and amortisation expense 5,170.00 14,860.00
(f) Other Expenses
1 Other Expenses 28,000.00 94,940.00
Total other expenses 28,000.00 94,940.00
Total expenses 1,27,250.00 3,79,370.00
3 Total profit before exceptional items and tax 20,820.00 77,760.00
4 Exceptional items (190.00) (2,710.00)
5 Total profit before tax 20,630.00 75,050.00
6 Tax expense
7 Current tax 5,060.00 19,150.00
8 Deferred tax (340.00) (240.00)
9 Total tax expenses 4,720.00 18,910.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 15,910.00 56,140.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 15,910.00 56,140.00
17 Other comprehensive income net of taxes 580.00 350.00
18 Total Comprehensive Income for the period 16,490.00 56,490.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 15,630.00 55,250.00
Total profit or loss, attributable to non-controlling interests 280.00 890.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 16,210.00 55,600.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 280.00 890.00
21 Details of equity share capital
Paid-up equity share capital 4,400.00 4,400.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 2,84,730.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 35.47 125.43
Diluted earnings (loss) per share from continuing operations 35.47 125.43
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 35.47 125.43
Diluted earnings (loss) per share from continuing and discontinued operations 35.47 125.43
24 Debt equity ratio 0.6200 0.6200
25 Debt service coverage ratio 4.4600 6.2600
26 Interest service coverage ratio 8.8300 15.4600
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The Group deals primarily in automotive component segment. 2. The above results have been prepared in accordance with the recognition and measurement principles of the Companies (Indian Accounting Standards) Rules 2015 (Ind AS) prescribed under section 133 of the Companies Act, 2013. 3. The Government of India has implemented the four Labour Codes (effective November 21, 2025 subsuming 29 labour laws) and, based on draft rules/FAQs and best available information the Group has recognised an additional provision of Rs. 271 million for the year ended March 31 2026, presented as an exceptional item given its material regulatory driven and non recurring nature while continuing to monitor final central/state rules and related developments for any further accounting impact. 4. The Board of Directors of the SPR Auto Technologies Limited Holding Company at its meeting held on November 24 2025 approved the acquisition of 100 percent equity shares of SPR Auto Interior Lighting Solutions Private Limited (formerly Antolin Lighting India Private Limited) and SPR Auto Interior Solutions Private Limited (formerly Grupo Antolin India Private Limited) together with its subsidiary SPR Auto Interior Solutions Chakan Private Limited (formerly Grupo Antolin Chakan Private Limited). A Share Purchase Agreement was executed on December 05 2025 and the acquisition was completed on January 08 2026. Following completion the Company holds 100 percent in SPR Auto Interior Lighting Solutions Private Limited 100 percent in SPR Auto Interior Solutions Private Limited (an unlisted material subsidiary) and 99.99 percent in SPR Auto Interior Solutions Chakan Private Limited which has become a step down subsidiary. The total purchase consideration of Rs. 17083 million based on fair value has been allocated as below Particulars Amount in Rs. million Property, plant and equipment (PPE) including right-of-use assets and 2913 capital work-in-progress Customer relationshis 2129 Non compete agreement 70 Other assets (net) 107 Goodwill 11864 Total Purchase considerations 17083 5. During the year the Holding Company has issued and allotted Commercial Papers (CPs) aggregating Rs. 10000 million on December 24 2025 on a private placement basis. The CPs were listed on NSE had a tenure of 62 days and matured on February 24 2026. Holding Company has fully redeemed the CPs on the due date i.e. February 24 2026. 6. During the year the Holding Company has issued 100000 nos. listed secured rated redeemable non cumulative non convertible debentures (NCD) of the face value of Rs. 100000 each secured by way of first pari passu charge along with term lenders on all the movable property of the Holding Company present and future located at Holding Company manufacturing facilities in Ghaziabad Pathredi and Bulandshahr. 7. Pursuant to SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19 2023 (as amended from time to time) on the framework for fund raising by issuance of debt securities by Large Corporates, the Holding Company has assessed the applicability criteria and does not qualify as a Large Corporate as on March 31 2026. Accordingly, the related compliance and disclosure requirements under the said framework are not applicable. 8. On April 02 2026 the name of the Holding Company has been changed from Shriram Pistons & Rings Limited to SPR Auto Technologies Limited. 9. On January 08 2026 SPR Auto Interior Lighting solutions Private Limited (formerly Antolin Lighting India Private Limited) and SPR Auto Interior Solutions Private Limited (formerly Grupo Antolin India Private Limited) along with SPR Auto Interior Solutions Chakan Private Limited (formerly Grupo Antolin Chakan Private Limited) were acquired. Further on April 01 2025 Karna Intertech Private Limited and On December 24 2024, SPR TGPEL Precision Engineering Limited were acquired. Hence the financial results for the quarter / period ended March 31 2026 March 31 2025 and December 31 2025 is not comparable with corresponding period of previous year. 10. In addition to the interim dividend declared on February 02 2026 (interim dividend 50 percent i.e. Rs. 5 per equity share of face value Rs. 10 each) which has already been paid during Financial Year 2025-26, the Holding Company has recommended a final dividend 50 percent i.e. Rs. 5 per equity share of face value Rs. 10 each for the financial year ended March 31 2026 subject to shareholders’ approval at the ensuing Annual General Meeting. 11.The figures for the quarter ended March 31 2026 and March 31 2025 are balancing figures between audited figures in respect of full financial years and the unaudited published year to date figures up to the third quarter ended for respective financial years. 12. Figures of previous periods have been regrouped wherever necessary to correspond with the figures of the current period. Further the impact of such reclassifications is not material to the Holding Company. 13. The above results were reviewed and recommended by Audit Committee in its meeting held on May 11 2026 and taken on record by Board of Directors of the Holding Company in its meeting held on May 11 2026.



Remarks

Debt equity ratio Ratio in times
Debt service coverage ratio Ratio in times
Interest service coverage ratio Ratio in times


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 1,00,790.00
Capital work-in-progress 5,070.00
Investment property
Goodwill 1,32,260.00
Other intangible assets 64,550.00
Intangible assets under development 4,530.00
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 1,070.00
Trade receivables, non-current
Loans, non-current 900.00
Other non-current financial assets
1 Other non-current financial assets 19,950.00
Total of other non-current financial assets 19,950.00
Total non-current financial assets 21,920.00
Deferred tax assets (net) 1,040.00
Other non-current assets
1 Other non-current assets 4,230.00
Total of other non-current assets 4,230.00
Total non-current assets 3,34,390.00
2 Current assets
Inventories 62,370.00
Current financial asset
Current investments 12,410.00
Trade receivables, current 83,300.00
Cash and cash equivalents 10,470.00
Bank balance other than cash and cash equivalents 93,110.00
Loans, current 300.00
Other current financial assets
Total of other current financial assets 5,540.00
Total current financial assets 2,05,130.00
Current tax assets (net)
Other current assets
1 Other current assets 13,370.00
Total of other current assets 13,370.00
Total current assets 2,80,870.00
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 6,15,260.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 4,400.00
Other equity 2,85,700.00
Total equity attributable to owners of parent 2,90,100.00
Non controlling interest 11,720.00
Total equity 3,01,820.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1,20,000.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Lease Liabilities 9,110.00
2 Other non-current financial liabilities 1,740.00
Total of other non-current financial liabilities 10,850.00
Total non-current financial liabilities 1,30,850.00
Provisions, non-current 4,510.00
Deferred tax liabilities (net) 13,680.00
Deferred government grants, Non-current
Other non-current liabilities
1 Other non-current liabilities 220.00
Total of other non-current liabilities 220.00
Total non-current liabilities 1,49,260.00
Current liabilities
Current financial liabilities
Borrowings, current 66,670.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 4,020.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 64,240.00
Total Trade payable 68,260.00
Other current financial liabilities
1 Lease Liabilities 1,070.00
2 Other current financial liabilities 15,690.00
Total of other current financial liabilities 16,760.00
Total current financial liabilities 1,51,690.00
Other current liabilities 8,070.00
1 Other current liabilities 8,070.00
Total of other current liabilities 8,070.00
Provisions, current 2,680.00
Current tax liabilities (Net) 1,740.00
Deferred government grants, Current
Total current liabilities 1,64,180.00
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 3,13,440.00
Total equity and liabilites 6,15,260.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of the post employment defined benefit plans 700.00 740.00
Total Amount of items that will not be reclassified to profit and loss 700.00 740.00
2 Income tax relating to items that will not be reclassified to profit or loss 170.00 180.00
3 Amount of items that will be reclassified to profit and loss
1 Fair value change of cash flow hedge 80.00 (280.00)
Total Amount of items that will be reclassified to profit and loss 80.00 (280.00)
4 Income tax relating to items that will be reclassified to profit or loss 30.00 (70.00)
5 Total Other comprehensive income 580.00 350.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 75,050.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 6,220.00
Adjustments for decrease (increase) in inventories (6,910.00)
Adjustments for decrease (increase) in trade receivables, current (6,280.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets (1,100.00)
Adjustments for other financial assets, non-current (480.00)
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 11,150.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 14,860.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (60.00)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (2,270.00)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (690.00)
Adjustments for dividend income 0.00
Adjustments for interest income 8,690.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (920.00)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (340.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 4,490.00
Net cash flows from (used in) operations 79,540.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 17,040.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 62,500.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 1,64,170.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 70.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 360.00
Purchase of property, plant and equipment 18,450.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 680.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 3,93,060.00
Purchase of other long-term assets 3,99,920.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 8,410.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (1,81,460.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 1,12,200.00
Repayments of borrowings 6,470.00
Payments of lease liabilities 1,290.00
Dividends paid 4,400.00
Interest paid 5,590.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 30,770.00
Net cash flows from (used in) financing activities 1,25,220.00
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 6,260.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 6,260.00
Cash and cash equivalents cash flow statement at beginning of period 4,210.00
Cash and cash equivalents cash flow statement at end of period 10,470.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Walker Chandiok & Co LLP Yes 31-05-2028