Spr Auto Technologies Ltd · NSE:SHRIPISTON
Spr Auto Technologies — H1 FY27 Earnings Presentation
66 slides from Spr Auto Technologies's earnings presentation, Oct 31, 2026
Slide 1: Exchange filing cover letter
October 31, 2026 National Stock Exchange of India Limited (NSE) BSE Limited (BSE) Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex Dalal Street, Fort, Bandra (East), Mumbai 400051 Mumbai 400001 NSE Symbol: SHRIPISTON BSE Scrip code: 544344 Sub: Investor Presentat
Slide 2: Investor Presentation Q2 & H1 FY27
SPR Auto Technologies Limited (Formerly Shriram Pistons & Rings Limited) Investor Presentation Q2 & H1 FY27 NSE : SHRIPISTON | BSE: 544344 https://shrirampistons.com/ Our Brands SPR Sustainable Progressive Resilient Companies in Group
Slide 3: Safe Harbor
Safe Harbor This Presentation and the accompanying slides (the “presentation”), have been prepared by SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) (herein referred to as the “Company”), solely for information purposes and do not constitute any offer, recommendation or inv
Slide 4: Contents
Contents 01 02 03 04 Business Q2 & H1 FY27 Performance Company Targeted Strategic Updates Highlights Overview Initiatives 05 06 07 08 09 Historical Historical Standalone Consolidated Focus on Annexures Industry Performance Performance Sustainability Overview Highlights Highlights
Slide 5: Business Updates
1 Business Updates RuTO TECHNOLOGIES
Slide 6: Transforming into a Diversified, Future-Ready Platform
Transforming into a Diversified, Future-Ready Platform 01 Growth Momentum 02 Investing in New Areas 03 Multi-Product Sales Mix Consolidated Total Income up 61% YoY in Expanding into High-Precision Plastics, EV From only legacy products five years ago to a Q2FY27 and 56% YoY in H1FY27 Motors & Contro
Slide 7: Evolution of Product Portfolio
Evolution of Product Portfolio Expanding Step by Step: From 4 Legacy Products to a Multi-Product Franchise Current Core ICE Products FY24 Core ICE Products High-Precision Injection Molded Components Pre-FY20 SPR Takahata & SPR TGPEL High-Precision NEW EV Motors & Controllers Injection Molded Compone
Slide 8: Q2 & H1 FY27 Performance Highlights
2 Q2 & H1 FY27 Performance Highlights
Slide 9: H1FY27 Key Financial Metrics
H1FY27 Key Financial Metrics (Rs. Million) Total Income EBITDA & EBITDA Margin (%) * PBT & PBT Margin (%) PAT & PAT Margin (%) +56% YoY 22.5% 18.4% 18.5% 12.9% 13.6% 9.8% Consolidated 31,738 +28% YoY +9% YoY +12% YoY H1FY26 5,831 4,081 4,570 3,754 3,100 H1FY27 20,344 2,770 Total Income EBITDA & EBIT
Slide 10: Q2FY27 Key Financial Metrics
Q2FY27 Key Financial Metrics (Rs. Million) Total Income EBITDA & EBITDA Margin (%) * PBT & PBT Margin (%) PAT & PAT Margin (%) +61% YoY 22.4% 17.9% 18.5% 12.7% 13.6% 9.7% Consolidated 16,746 +29% YoY +11% YoY +14% YoY 3,004 Q2FY26 1,623 2,129 Q2FY27 10,427 2,335 1,924 1,421 Total Income EBITDA & EBI
Slide 11: Q2 & H1 FY27 P&L Statement – SPR Consolidated
Q2 & H1 FY27 P&L Statement – SPR Consolidated (Rs. Million) Particulars Q2FY27 Q2FY26 YoY H1FY27 H1FY26 YoY Revenue from Operations 16,482 10,165 31,226 19,798 Other Income 264 261 512 546 Total Income 16,746 10,427 60.6% 31,738 20,344 56.0% Total Operating Expenses 13,743 8,091 25,907 15,773 EBITDA
Slide 12: Q2 & H1 FY27 P&L Statement – SPR Standalone
Q2 & H1 FY27 P&L Statement – SPR Standalone (Rs. Million) Particulars Q2FY27 Q2FY26 YoY H1FY27 H1FY26 YoY Revenue from Operations 10,262 8,730 19,678 17,086 Other Income 238 249 449 515 Total Income 10,500 8,979 16.9% 20,127 17,601 14.4% Total Operating Expenses 8,413 6,898 16,021 13,497 EBITDA* 2,0
Slide 13: SPR Auto Technologies Consistently Outgrowing the Industry
SPR Auto Technologies Consistently Outgrowing the Industry Industry * SPR Auto Technologies Q2FY27 v/s Production Domestic Sales Consolidated Q2FY26 Volumes Volumes Total Income +19% +18% + 61% YoY YoY YoY 10.9 8.7 Rs. 16,742 Million Units Million Units Million The Automotive industry delivered reco
Slide 14: Successfully Completed a Rs. 10,000 Million QIP
Successfully Completed a Rs. 10,000 Million QIP Rs. 10,000 Rs. 4,280 20 August 2026 23.36 lakh Million Issue size Issue Price Per Share Date of Completion Additional Equity Shares Issued MARQUEE DOMESTIC & OVERSEAS INSTITUTIONAL PARTICIPATION 13
Slide 15: Company Overview
3 Company Overview RuTO TECHNOLOGIES
Slide 16: SPR Auto Technologies at a Glance
SPR Auto Technologies at a Glance Proven Industry Leader Global Network More than 5 decades of Industry presence Presence in 30+ countries across 5 backed by strong leadership continents Leading manufacturer of pistons, piston pins, Preferred choice of global automotive piston rings & engine valves
Slide 17: Heritage of the Shriram Group
Heritage of the Shriram Group, a Leading Industrial Powerhouse Founded by Dr. Charat Ram, a pillar, visionary and the face of the Indian business sector, who played a significant role in shaping the Indian industry Driven by his relentless pursuit of excellence, he meticulously built up several succ
Slide 18: Our Journey of Achieving Excellence over 5+ Decades
Our Journey of Achieving Excellence over 5+ Decades 1972 1978 1987 1990 1993 1994 Foundation of SPRL; Technology Partnership Technology Partnership Engine Valves Technology Partnership Received ISO9001 Technology Partnership for for Engine Valves with manufacturing for Rings with Riken for Pistons w
Slide 19: State-of-the-art Manufacturing Infrastructure
State-of-the-art Manufacturing Infrastructure Under SPR Auto Technologies Under SEL Karna SPR Auto Interior SPR SPR SPR SEL Intertech Solutions EMFi Takahata TGPEL Ghaziabad, Pathredi, Bulandshahr Rd, Bahadurgarh, Chakan & Pune, Chennai, Pithampur, Coimbatore, Neemrana, Noida, Uttar Pradesh Rajastha
Slide 20: Strengthening Resilience in a Dynamic Industry Environment
Strengthening Resilience in a Dynamic Industry Environment Industry Environment – What is Changing Geopolitical & Trade Commodity & Input Cost Evolving Powertrain Mix Rising Customer Expectations Volatility Swings Shifting tariffs and cross-border Movement in commodity prices EVs, Hybrids and tighte
Slide 21: Seasoned Board Of Directors Providing Expert Oversight
Seasoned Board Of Directors Providing Expert Oversight Mr. Pradeep Dinodia Mr. Hari S. Bhartia Mr. Luv D. Shriram Ms. Meenakshi Dass Chairman Independent Director Whole Time Director Non-Executive Director (Non-Executive Non- Independent Director) ▪ On the board since 2003 ▪ On the board since 2009
Slide 22: The Visionary Leaders Who Drive SPR Auto Technologies
The Visionary Leaders Who Drive SPR Auto Technologies Mr. Krishnakumar Mr. Arun Kumar Shukla Mr. Prem Rathi Mr. Rajan Nanda Srinivasan Executive Director – Executive Director & Executive Director Managing Director & CEO Projects CFO ▪ 34+ Years of experience ▪ 38+ Years of experience ▪ 27+ Years of
Slide 23: The SPR Group
The SPR Group Products are marketed to almost all OEMs and Aftermarkets under brands SPR and USHA 100% 100% 100% 100% SPR Auto Interior Lighting SPR Auto Interior Solutions Pvt. SPR Engenious Ltd. (SEL) Karna Intertech Pvt. Ltd. Ltd. Solutions Pvt. Ltd. (Formerly Antolin Lighting India Pvt. Ltd.) (F
Slide 24: Focusing on Strategic Diversification
Focusing on Strategic Diversification Diversification Strategy leading to Change in Business Mix Pre-FY20 FY24 FY26 Aftermarket Aftermarket ICE ICE Aftermarket ICE Export Export Export High-Precision Plastic Engineering High-Precision Motors & Tooling Plastic Engineering Controllers Motors & Tooling
Slide 25: Diversifying into Powertrain Agnostic Domains
Diversifying into Powertrain Agnostic Domains Building on its diversification strategy, SPR Auto Technologies is expanding into high-growth Powertrain Agnostic Domains, broadening the business and de-risking growth across the Automotive industry High-Precision Motors & Automotive Interior Legacy Bus
Slide 26: Growth Expected to Extend Across All Segments
Growth Expected to Extend Across All Segments Delayed Start to EV Penetration Start of EV Penetration Heavy Commercial Vehicles Railways Passenger 2-Wheelers Vehicles Exports Tractors & Off- Genset & Highway Industrials 3-Wheelers Also includes Aftermarkets and Defence Presence across diverse segmen
Slide 27: ICE Continues to Grow Despite Rising EV Penetration
ICE Continues to Grow Despite Rising EV Penetration Electric Vehicles: Sales (in Thousand) & Penetration (%) ICE-led Industry: Auto Industry Domestic Sales (in Million) EV Sales ('000) EV Penetration (%) Domestic Sales (Mn) 8.0% 9 26.8 3000 7.5% 8 22.8 23.9 2500 6.4% 2,250 7 1,927 6 2000 1,525 5 150
Slide 28: Internal Combustion Engines: Growth Story will continue
Internal Combustion (IC) Engines : Growth Story will continue Insufficient Power Grid capabilities to India is not comparable to the West & Lack of EV charging Infrastructure in Absence of Resale Market support India’s EV ambitions China the country ▪ India had an installed generation capacity of ~5
Slide 29: Targeted Strategic Initiatives
4 Targeted A Building a Robust Business through Diversification B Driving Innovation by harnessing Technology and R&D Strategic C D Initiatives Accelerating Committed to Growth through Efficiency & Strategic Operational Acquisitions Excellence
Slide 30: Building a Robust Business through Diversification
4A 01 02 03 Building a Robust Diversified Diversified Diversified Across Business through Across Industry Segments Product Portfolio Customer Segments Diversification
Slide 31: Diversified Across Industry Segments in Standalone Business
Diversified Across Industry Segments in Standalone Business Manufacturing Facilities & Assembly Units located at: Domestic Revenue Gurugram & Bhorakalan, 3 Pathredi, Manufacturing (Rs. Million) Rajasthan Haryana (2 Units) 30,312 Facilities 26,481 Ghaziabad, Uttar 23,901 Karsanpura, 16,224 20,758 Guj
Slide 32: Diversified Product Portfolio
Diversified Product Portfolio Core / Legacy Products High-Precision Injection Moulded Components Pistons & Piston Pins FI – Components Throttle Unit Brake Unit ECU Air Bag FI – Connectors Thin Walled KS Lite Crown Nanofriks OCG Piston Hard Anodised DLC Coating Anodizing Piston on Pins Piston Rings E
Slide 33: Diversified Across Customer Segments
Diversified Across Customer Segments Core / Legacy Products High-Precision Injection Moulded Components Automotive Takahata Commercial Vehicles Passenger Vehicles TGPEL Two-Wheelers Tractors Non-Automotive Automotive Interior Solutions Off-Highway, Industrial & Gensets Marine Railways & Defense SPR
Slide 34: Driving Innovation by harnessing Technology and R&D
4B Driving Innovation by harnessing Technology and R&D
Slide 35: Driving Innovation Through Our Ultra Modern Tech Centre
Driving Innovation Through Our Ultra Modern Tech Centre SPR Auto Technologies’ State-of-the-art Tech Centre is fully equipped to provide complete and comprehensive solutions, catering to the exacting needs of the hi-tech, new generation engines With a state-of-the-art Technology Centre, Recognized b
Slide 36: Empowering Next-Gen Mobility Solutions
Empowering Next-Gen Mobility Solutions Focussed on developing various Powertrain Solutions Advanced CNG-compatible components, meeting stringent emission norms and ensuring durability in Hybrid Hydrogen high-pressure environments Hydrogen-based fuel solutions, including hydrogen internal combustion
Slide 37: Time-Tested Technology Partnerships with Major Global Players
Time-Tested Technology Partnerships with Major Global Players Since 1972 Since 1978 Since 1993 Since 2023 Since 2026 Since 1989 HIGH-PRECISION AUTOMOTIVE INTERIOR PISTONS RINGS PISTONS ENGINE VALVES INJECTION MOULDED SOLUTIONS COMPONENTS Kolbenschmidt, Germany Riken Corporation, Japan Honda Foundry,
Slide 38: Accelerating Growth through Strategic Acquisitions
4C Accelerating Growth through Strategic Acquisitions
Slide 39: Foray into ICE Agnostic Products (1/3)
Foray into ICE Agnostic Products (1/3) High-Precision Injection Moulded Products SPR Takahata Precision India Pvt. Ltd. SPR TGPEL Precision Engineering Ltd. ▪ SPR Engenious Ltd. (SEL) acquired 62% stake in ▪ SPR Engenious Ltd. (SEL) acquired 100% stake in Transaction Details SPR Takahata Precision I
Slide 40: Foray into ICE Agnostic Products (2/3)
Foray into ICE Agnostic Products (2/3) Electric Motors & Controllers Moulds & Tooling SPR EMF Innovations Pvt. Ltd. Karna Intertech Pvt. Ltd. ▪ SPR Engenious Ltd. (SEL) increased their stake in SPR Transaction Details ▪ SPR Auto Technologies acquired 100% stake in EMF Innovations Pvt. Ltd. (EMFi) fr
Slide 41: Foray into ICE Agnostic Products (3/3)
Foray into ICE Agnostic Products (3/3) Automotive Interior Solutions SPR Auto Interior Lighting Solutions SPR Auto Interior Solutions SPR Auto Interior Solutions Chakan Pvt. Ltd. Pvt. Ltd. Pvt. Ltd. (Formerly Antolin Lighting India Pvt. Ltd.) (Formerly Grupo Antolin India Pvt. Ltd.) (Formerly Grupo
Slide 42: Committed to Efficiency & Operational Excellence
4D Committed to Efficiency & Operational Excellence
Slide 43: Committed to Efficiency & Operational Excellence
Committed to Efficiency & Operational Excellence Focusing on capital efficiency which was evident in significant strengthening of industry leading EBITDA margins from 15.9% in FY22 to 23.3% in FY26 Cost Optimization measures Affordable low-cost automation including Effective & Efficient and interlin
Slide 44: Industry Overview
5 Industry Overview RuTO TECHNOLOGIES
Slide 45: India's Growing Automobile Market
India’s Growing Automobile Market Automobile Domestic Production Volumes * Automobile Domestic Sales Volumes * (in Million) (in Million) FY25 FY26 36.0 FY25 FY26 29.5 32.0 26.6 26.7 21.7 23.9 19.6 5.1 5.5 4.3 4.6 1.0 1.2 1.0 1.2 1.1 1.3 1.0 1.3 1.0 1.1 0.7 0.8 Tractors CV 3W PV 2W Auto Tractors CV 3
Slide 46: Internal Combustion Engine Market
Internal Combustion Engine Market Global ICE Market Size * Indian ICE Market Size ^ (USD Billion) (USD Billion) 6.3% CAGR 384.3 7.6% CAGR 283.1 8.3 5.4 2025E 2030P 2025E 2030P • Most car manufacturers are moving towards Hybrid, which requires ICE engines and Motors & Controllers. ICE demand expected
Slide 47: Emerging EV Industry Landscape
Emerging EV Industry Landscape EV Penetration in India (%) & EV Sales (in Thousand)* Category-wise EV Penetration in 2026^ (in %) * 1,025 1,525 1,927 2,250 2,426 55.5% 10.7% 7.5% 8.0% 6.4% 9.4% 10.7% 4.8% 5.3% 6.2% CV 3W-P PV 2W Auto 2022 2023 2024 2025 2026^ Industry • India’s EV sector is witnessi
Slide 48: Historical Standalone Performance Highlights
6 Historical Standalone Performance Highlights
Slide 49: Key Standalone Ratios over the years
Key Standalone Ratios over the years Debt-to-Equity Ratio (x) Interest Coverage Ratio (x) 0.59 27.9 24.8 20.3 21.4 15.3 0.19 0.17 0.15 0.11 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Net Working Capital Cycle (Days) ROE & ROCE (%) 68 ROE ROCE 65 66 58 29.2% 54 27.0% 23.8% 22.9% 19.3% 20.7% 16
Slide 50: Standalone P&L Statement
Standalone P&L Statement (Rs. Million) Particulars FY22 FY23 FY24 FY25 FY26 Revenue from Operations 20,647 26,050 29,537 31,795 35,266 Other Income 292 462 813 1,032 995 Total Income 20,939 26,513 30,351 32,827 36,261 Total Expenses 17,602 21,416 23,237 25,034 27,823 EBITDA 3,337 5,097 7,114 7,793 8
Slide 51: Standalone Balance Sheet
Standalone Balance Sheet (Rs. Million) Assets Mar-26 Sep-26 Equity & Liabilities Mar-26 Sep-26 Non-Current Assets Equity Share Capital 440 464 Property, Plant & Equipment 5,152 5,262 Other Equity 28,381 40,387 Capital Work in Progress 180 100 Total Equity 28,821 40,851 Goodwill & Other Intangible As
Slide 52: Standalone Abridged Cash Flow Statement
Standalone Abridged Cash Flow Statement (Rs. Million) Cash Flow Statement Mar-26 Sep-26 Cash Flow from Operating Activities Profit Before Tax 6,818 3,095 Adjustment for Depreciation & Other Operating Items 449 610 Operating Profit before Working Capital Changes 7,267 3,705 Changes in Working Capital
Slide 53: Historical Consolidated Performance Highlights
7 Historical Consolidated Performance Highlights
Slide 54: Key Consolidated Ratios over the years
Key Consolidated Ratios over the years Debt-to-Equity Ratio (x) Interest Coverage Ratio (x) 0.62 20.3 21.4 20.3 20.8 13.5 0.23 0.19 0.19 0.11 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Net Working Capital Cycle (Days) ROE & ROCE (%) 68 ROE ROCE 66 63 60 55 26.6% 25.5% 22.7% 21.7% 20.6% 18.7%
Slide 55: Consolidated P&L Statement
Consolidated P&L Statement (Rs. Million) Particulars FY22 FY23 FY24 FY25 FY26 Revenue from Operations 20,647 26,093 30,893 35,498 44,587 Other Income 292 467 853 1,114 1,126 Total Income 20,939 26,560 31,746 36,612 45,713 Total Expenses 17,602 21,490 24,473 28,256 35,829 EBITDA 3,337 5,070 7,273 8,3
Slide 56: Consolidated Balance Sheet
Consolidated Balance Sheet (Rs. Million) Assets Mar-26 Sep-26 Equity & Liabilities Mar-26 Sep-26 Non-Current Assets Equity Share Capital 440 464 Property, Plant & Equipment 10,079 10,119 Other Equity 29,743 42,565 Capital Work in Progress 507 508 Total Equity 30,183 43,029 Goodwill & Other Intangibl
Slide 57: Consolidated Abridged Cashflow Statement
Consolidated Abridged Cashflow Statement (Rs. Million) Cash Flow Statement Mar-26 Sep-26 Cash Flow from Operating Activities Profit Before Tax 7,505 4,081 Adjustment for Depreciation & Other Operating Items 1,043 1,269 Operating Profit before Working Capital Changes 8,549 5,350 Changes in Working Ca
Slide 58: Focus on Sustainability
O Focus on Sustainability RuTO TECHNOLOGIES
Slide 59: Focus on Sustainability (1/2)
Focus on Sustainability (1/2) Environmental Social Governance • Implemented ISO 14001 Environmental Management ▪ Steering Committee on ESG under ▪ Implemented ISO 45001 Occupational Health and Systems at both manufacturing sites chairmanship of our MD & CEO Safety Management System across organizati
Slide 60: Focus on Sustainability (2/2)
Focus on Sustainability (2/2) Environmental Social Governance Initiatives* Initiatives Initiatives ▪ Voluntary disclosure of BRSR ▪ 21% of Total energy is from Renewable ▪ Improvements in Attrition Rate ▪ Strong commitment of Board to good ▪ 100% Used water is recycled (ZLD) ▪ #2 days trainings on a
Slide 61: Recognitions for Sustainability Efforts
Recognitions for Sustainability Efforts ESG Rating -2 Excellence in ESG Assurance of Green 2025 - Climate & Water 2025 – ECOVADIS Significant (Highest rating in Gold Award – 2025 House Gas disclosure awarded Bronze Medal achievement in India) by ACMA Emissions as per ISO rating “B” Corporate by Dun
Slide 62: Annexures
9 Annexures SHRIRAN RuTO TECHNOLOGIES
Slide 63: Awards and Accolades
Awards and Accolades From Customers From Industry Bodies ▪ Institute of Directors, India - Golden Peacock Award for the second time for ▪ Cummins India - Supplier of the Year Award – Direct Sourcing “Excellence in Corporate Governance – 2025” ▪ Maruti Suzuki - Award for Part Design & Dev., Overall ▪
Slide 64: Delivering Value to the Shareholders
Delivering Value to the Shareholders Shareholding as on 30th September 2026 Share Information as on 30th September 2026 NSE Ticker SHRIPISTON Promoters 12.50% Shares Outstanding (Million) 46.4* DII 41.55% Market Cap (Rs. Million) 2,15,868 22.01% FII % Free Float 58.45% Free Float Market Cap (Rs. Mil
Slide 65: Committed to Giving Back to the Society
Committed to Giving Back to the Society Women Bakery Enterprise Training, Bhiwadi Tree Plantation Drive Awards for CSR Contribution Annual CSR Spend (Rs Million) 111 Before After Women Development / Education Environment Health & Education 81 Mobile Medical Van, Pathredi Work & Award in Prosthetics
Slide 66: Thank You
Thank You SPR Auto Technologies Limited Ernst & Young LLP Prem Rathi Rohit Anand [email protected] Executive Director & CFO Riddhant Kapur [email protected] [email protected] Nilesh Jain Kritvi Rastogi Head – Legal & Company Secretary [email protected] nilesh.jain@shri
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