Shriram Pistons & Rings Limited — PPTs, 17-06-2026: Investor Presentation

**Business Performance:** SPR Auto Technologies posted strong FY26 results: total income **Rs 4,571.3 Cr** (+25% YoY), PAT **Rs 561.4 Cr** (12.3% margin), and EBITDA **Rs 988.5 Cr** (21.6% margin). A market leader in core ICE components (48.4% share), SPR sees powertrain-agnostic products contribute over 35% of consolidated revenue, including a 24.6% market share for its new interior solutions. Financials are robust: Net Debt/Equity 0.28, RoCE/RoE 18.6%.

**Growth Drivers & Strategy:** SPR aggressively diversifies via M&A into high-growth, powertrain-agnostic segments: EV motors/controllers, high-precision plastics, and auto interior solutions. It also strengthens its core ICE business with alternate fuel solutions (ethanol, CNG, hydrogen) and global tech partnerships.

**Recent Developments:** Key FY23-26 acquisitions include SPR Takahata (high-precision moulded parts), SPR EMF Innovations (EV tech), SPR TGPEL (precision moulds), Karna Intertech (moulds), and full ownership of SPR Auto Interior Lighting & Solutions.

**Management Outlook:** Management anticipates continued ICE growth, citing EV adoption challenges. SPR's Tech Centre focuses on EV components and advanced alternate fuels, aiming to serve the "last ICE engine globally."