SPR Auto Technologies
Stock Snapshot
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Vista Outlook
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Management at SPR Auto Technologies has articulated a strategic focus on diversification and expansion into powertrain-agnostic segments, particularly through recent acquisitions in electric vehicle (EV) technologies, which are expected to contribute significantly to revenue growth. The company anticipates a 6-8.5% CAGR in its core internal combustion engine (ICE) components business, supported by the ongoing relevance of ICE technology in India. Vista's financial outlook reflects a cautious optimism, projecting moderate revenue growth and stable margins despite pressures from rising raw material costs and competitive pricing. The automotive ancillary sector is experiencing a positive shift, driven by electric vehicle adoption and government incentives, which aligns with SPR's strategic initiatives. However, challenges such as geopolitical tensions and supply chain disruptions could temper growth. Over the next 12-24 months, key opportunities include capturing demand in both traditional and emerging segments, while watchpoints include the pace of EV adoption and potential pricing pressures from OEMs. Overall, the outlook remains constructive, with a focus on balancing core business strength with diversification into new technologies
Why We Like This Stock
- Management's focus on diversification into EV technologies is expected to drive significant revenue growth
- The core ICE components business is projected to grow at a 6-8.5% CAGR, reflecting ongoing demand in India
- The automotive ancillary sector is benefiting from supportive government initiatives and improving pricing power
Things To Watch Out For
- Rising raw material costs and competitive pricing pressures may impact margins
- Geopolitical tensions and supply chain disruptions pose risks to growth
- The pace of EV adoption in India remains uncertain, potentially affecting revenue from new segments
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 3,089 | 3,550 | 4,459 | 5,377 | 6,159 |
| Profit Before Tax (Cr.) | 584 | 674 | 777 | 789 | 946 |
| PBT Margin | 18.9% | 19.0% | 1742.5% | 14.7% | 15.4% |
| Net Profit (Cr.) | 434 | 503 | 581 | 592 | 699 |
| Earnings Per Share | 99.5 | 112.3 | 130.0 | 132.4 | 158.8 |
Analyst Recommendations
No analyst recommendations available.
Company Overview
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SPR Auto Technologies Limited manufactures and sells automotive components in India. The company offers pistons, piston pins, piston rings, and engine valves. It also provides cylinder liners; crankshafts; connecting rods; cylinder heads; lubricating oils; fuel, air, cabin, and hydraulic filters; and gaskets, such as copper asbestos copper, aluminium asbestos aluminium, multilayer steel, asbestos steel asbestos, and cylinder head gaskets. In addition, the company offers electric motors and motors controllers, and precision injection moulded parts. Further, it manufactures and supplies gravity die casting moulds. The company also exports its products. It serves OEMs operating in the passenger and commercial vehicles, cars/SUVs, two and three wheelers, tractors, off-highway vehicles, and industrial and railway engines, as well as various defense and industrial applications. The company was formerly known as Shriram Pistons & Rings Limited and change its name to SPR Auto Technologies Limited in March 2026. SPR Auto Technologies Limited was incorporated in 1963 and is headquartered in New Delhi, India.