Shriram Pistons & Rings Limited — Investor Meet, 13-12-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Shriram Pistons & Rings has acquired 100% stake in Grupo Antolin's Indian operations for EUR 159 million (approx. INR 1,670 Cr). The acquired entities reported INR 1,179.1 Cr revenue in FY24-25 with 9-10% EBITDA. This strategic move diversifies SPRL's portfolio, making powertrain-agnostic products ~35% of consolidated revenue and de-risking its business. SPRL will access Antolin's advanced technology via a licensing agreement. Management anticipates immediate positive impact on consolidated results, improved EBITDA from cost synergies, robust order pipeline, and strong cash retention. Debt-equity is expected to remain low at 0.3-0.4, with further acquisition opportunities possible.