SHRIPISTONNSE8 May 2025

Shriram Pistons & Rings Limited has informed the Exchange about Investor Presentation

Shriram Pistons & Rings Limited

May 8, 2025

National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No.C/1, G Block Bandra-Kurla Complex Bandra (East), Mumbai 400051 NSE Symbol : SHRIPISTON

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400001

BSE Scrip code : 544344

Subject: Investor Presentation on Audited Financial Results for the Quarter and Year ended on

March 31, 2025

Dear Sir/Madam,

With reference to the captioned matter and in furtherance to our earlier intimation letter dated May 1, 2025, regarding the schedule of the “Earnings Conference Call” of Shriram Pistons & Rings Limited (Company) to be held on Thursday, May 8, 2025, and in compliance with Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), please find enclosed herewith Investor Presentation on the Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and financial year ended on March 31, 2025.

Further, the same shall be accessible on the Company’s website of the Company at https://shrirampistons.com/investors-guide-2/.

We request you to kindly take the above information on record and treat this as compliance with SEBI Listing Regulations, 2015.

Thanking you.

For Shriram Pistons & Rings Limited

Yours faithfully,

(Pankaj Gupta) Company Secretary & Compliance Officer ICSI M. No.: F4647

Investor Presentation

Q4 & FY25

May 2025

NSE : SHRIPISTON | BSE: 544344 | www.shrirampistons.com

Safe Harbor

This Presentation and the accompanying slides (the “presentation”), have been prepared by Shriram Pistons & Rings Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and reasonableness of the contents of this presentation. This presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from this Presentation is expressly excluded.

This presentation contains certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company.

Table of contents

Q4 & FY25 Financial Highlights

Company Overview

Industry Overview

Annual Financial Highlights

Annexures

Q4 & FY25 Financial Highlights

Q4 & FY25 Key Financial Metrics - SPR Consolidated

(Rs Million)

Total Income

+ 15% YoY

36,612

31,746

y l l a u n n A

EBITDA*

+ 15% YoY

8,357

7,273

PAT

+ 18% YoY

5,156

4,387

FY24

FY25

FY24

FY25

FY24

FY25

YoY Growth

+17%

+12%

+16%

+15%

+10%

+18%

+15%

+11%

+12%

+30%

y l r e t r a u Q

8,634

7,355

9,069

7,746

7,850

10,158

8,751

8,795

1,918

1,806

1,652

2,083

1,978

2,009

1,806

2,378

1,172

1,130

1,259

1,210

1,165

1,078

1,015

1,515

FY24

FY25

FY24

FY25

* EBITDA includes Other Income

FY24

FY25

Q4 & FY25 P&L Statement – SPR Consolidated

(Rs Million)

Particulars

Revenue from Operations

Other Income

Total Income

Total Operating Expenses

EBITDA*

EBITDA* Margin

Depreciation and Amortization

Finance costs

PBT

PBT Margin

Tax Expense

PAT

PAT Margin

Cash PAT

Q4FY25

Q4FY24

YoY

9,884

274

10,158

7,780

2,378

23.4%

283

2,011

19.8%

495

1,515

14.9%

1,798

8,556

239

8,795

6,786

2,009

22.8%

336

1,579

18.0%

415

1,165

13.2%

1,500

15.5%

18.3%

27.3%

30.1%

FY25

35,498

1,114

36,612

28,255

8,357

22.8%

1,197

344

6,817

18.6%

1,661

5,156

14.1%

6,352

FY24

YoY

30,893

853

31,746

24,473

7,273

22.9%

1,077

305

5,891

18.6%

1,505

4,387

13.8%

5,464

15.3%

14.9%

15.7%

17.5%

Note: FY24 numbers include financials of SPR Takahata Precision India Pvt. Ltd from date of acquisition, i.e. 16 Oct’ 23 and FY25 numbers include financials of TGPEL Precision Engineering Ltd. from date of acquisition, i.e. 24 Dec’ 24

* EBITDA includes Other Income

Q4 & FY25 Key Financial Metrics - SPR Standalone

Total Income

8% YoY

32,827

30,351

(Rs Million)

y l l a u n n A

EBITDA * & EBITDA Margin (%)

PAT & PAT Margin (%)

23.4%

23.7%

14.7%

15.2%

+10% YoY

7,793

7,114

+11% YoY

4,978

4,468

FY24

FY25

FY24

FY25

FY24

FY25

YoY Growth

+7%

+9%

+8%

+9%

+12%

+11%

+9%

+11%

+15%

y l r e t r a u Q

7,855

7,728

8,230

7,322

7,271

7,956

8,029

8,786

1,807

1,813

1,659

1,958

1,889

1,906

1,736

2,140

1,143

1,147

1,246

1,204

1,206

1,082

1,034

1,385

FY24

FY25

FY24

FY25

* EBITDA includes Other Income

FY24

FY25

Q4 & FY25 P&L Statement – SPR Standalone

(Rs Million)

Particulars

Revenue from Operations

Other Income

Total Income

Total Operating Expenses

EBITDA*

EBITDA* Margin

Depreciation and Amortization

Finance costs

PBT

PBT Margin

Tax Expense

PAT

PAT Margin

Cash PAT

Q4FY25

Q4FY24

YoY

8,548

239

8,786

6,647

2,140

24.4%

222

1,858

21.1%

473

1,385

15.8%

1,607

7,813

216

8,029

6,123

1,906

23.7%

225

1,617

20.1%

412

1,206

15.0%

1,430

9.4%

12.2%

14.9%

FY25

31,795

1,032

32,827

25,034

7,793

23.7%

865

248

6,680

20.3%

1,702

4,978

15.2%

5,843

FY24

YoY

29,537

813

30,351

23,237

7,114

23.4%

874

252

5,989

19.7%

1,521

4,468

14.7%

5,342

8.2%

9.6%

11.5%

11.4%

* EBITDA includes Other Income

Company Overview

Shriram Pistons & Rings: At a Glance

Shriram Pistons & Rings Limited (SPRL) is the leading manufacturer of Pistons, Piston Pins, Piston Rings, and Engine Valves in India, with the exceptional lineage of the Shriram Group - one of the most reputed Industrial houses in the country. Its products are marketed to almost all renowned OEMs and Aftermarkets under the brands SPR and USHA, catering to both domestic and international markets. SPRL deploys most modern manufacturing equipment and processes, using state-of-the-art R&D Tech Centre, which is supplemented with continuous support from its global technology partners.

Customer Segments

Original Equipment Manufacturers (OEMs), 52%

Non-Automotive Applications, 5%

FY25 Revenue Mix

Aftermarket, 26%

Exports, 17%

32,827

FY25 Total Income ^ (Rs. Million)

4,978

FY25 PAT (Rs. Million)

Manufacturing Facilities

R&D Facility State-of-the-art In-house R&D facility recognized by DSIR in India

7,793

FY25 EBITDA ^ (Rs. Million)

83,206

Market Cap* (Rs. . Million)

1,200+

Business Partners

45+

Countries

# Including 6 facilities under subsidiaries

^ Total Income and EBITDA includes Other Income

*As on 31st March 2025

Standalone Financials

Why Shriram Pistons & Rings?

Established Market Player More than 5 decades of Industry presence backed by strong leadership Leading manufacturer of pistons, piston pins, piston rings & engine valves

Diversified Business Model Caters to both Automotive & Non-Automotive* segments Diversified Revenue stream with presence in OEM, Exports & Aftermarket

Manufacturing Excellence #9 Manufacturing Plants #3 under SPRL #1 under SEL* #1 under EMFi^ #1 under Takahata^

#2 under TGPEL^ #1 under Karna~ #5 Assembly Units catering to specific requirements of major customers #1 World Class Technology Centre

Global Reach

in 45+ countries across 5

Presence continents Preferred choice of global automotive customers

Long-standing Technology Partnerships

Tie-ups with global majors of our segments/products

Robust financials with strong credit profile Total Income & PAT grew at a 19% & 54% CAGR from FY21-25 ROE at 21% and ROCE at 27% in FY25 Strong Credit Rating Positive from India Ratings)

(upgraded

to AA

*Tractors & Off-highway, Industrials and Gensets

* SPR Engenious Limited, (SEL) a 100% subsidiary of Shriram Pistons & Rings Ltd.; ^SPR EMF Innovations Pvt. Ltd. (EMFi) , SPR Takahata Precision India Pvt. Ltd (Takahata) and TGPEL Precision Engineeing Limited are subsidiaries of SEL, ~Karna Intertech Pvt. Ltd. (Karna) is a 100% subsidiary of Shriram Pistons & Rings Ltd.

Our Journey of over 5 decades

1972 Dr. Charat Ram, a leading Industrialist took over Shama Pistons & Rings Ltd. and renamed it to Shriram Pistons & Rings Limited; Technology partnership with Kolbenschmidt Germany

1978

Technology tie-up with Riken Corporation, Japan

1989

Technology tie-up with Honda Foundry, Japan

1993 Technology tie-up with Fuji Oozx, Japan;

1993

Engine Valves manufacturing commenced

2008 R&D centre recognized by Dept. of Scientific & Industrial Research, Government of India; Commencement of manufacturing of IP Rings

2005

2004

2000

Crossed 1 million engine valves production per month

TPM Excellence Award (JIPM)

Crossed 2 million rings production per month

1995

Commenced manufacturing of Steel rings in Ghaziabad, Uttar Pradesh

2009 Commencement of manufacturing Large Dia Engine Valves for Indian Railways & offroad vehicles; Crossed 2 million engine valves production per month

2010 Became the largest producer of Piston Rings in India; Commencement of manufacturing of Composite Plating of Chrome (CPC) Rings

2011 Established 2nd plant in Pathredi, Rajasthan

2014 New technological centre inaugurated

2016 Listing on National Stock of India Ltd.

2018 Acquisition of Shriram Automotive Product Ltd.

2025

2024

2023

Listed on BSE on February 4, 2025

SPRL acquired 100% stake in Karna Intertech Pvt. Ltd.

Crosses Rs. 30,000 million Total Income;

Commencement of Manufacturing operations in Pithampur, Madhya Pradesh under SEL

SPR Engenious Ltd. (100% subsidiary of SPRL) acquired 100% stake in SPR TGPEL Precision Engineering Ltd.

SPR Engenious Ltd. (100% subsidiary of SPRL) acquired ❖ 62% stake in SPR Takahata Precision

India Pvt. Ltd.

❖ 66.42% stake in SPR EMF Innovations

Pvt. Ltd.

2022

Crosses Rs. 20,000 million Total Income;

TPM Excellence Award (JIPM)

2021 SPR leads the development of Piston assembly for BS VI models in India

2020 Established 3rd plant for Global surface treatment facility at Ghaziabad, Uttar Pradesh

Exceptional lineage of the Shriram Group, one of the most reputed Industrial houses

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 successful companies, including Shriram Pistons & Rings, DCM, Usha International and Shriram Industrial Enterprises Ltd. (SIEL)

Dr. Charat Ram made history by bringing the Honda Genset and Honda Car to India under joint ventures.

Building upon Dr. Charat Ram’s legacy, Shriram Pistons & Rings (SPRL) has emerged as a prominent Indian manufacturer of automotive components, renowned for its commitment to innovation and excellence.

With a rich heritage spanning over 50 years, SPRL continues to embrace new and cutting-edge technologies in the auto components industry.

Dr. Charat Ram (1918-2007)

State-of-the-art Facilities Manufacturing Facilities

Under SPRL

Under SEL

SPR Engenious Ltd.

SPR EMF Innovations Pvt. Ltd.

SPR Takahata Precision India Pvt. Ltd.

TGPEL Precision Engineering Ltd.

Ghaziabad, Uttar Pradesh

Pathredi, Rajasthan

Bulandshahr Road, Uttar Pradesh

Bahadurgarh, Haryana

Pithampur, Madhya Pradesh

Coimbatore, Tamil Nadu

• • • •

Pistons Piston Rings Piston Pins Engine Valves

• • • •

Pistons Piston Rings Piston Pins Engine Valves

•

Pistons (Surface coating of top groove) Piston Rings (Coating on top ring)

tool

room

The in Bahadurgarh, Haryana equipped with is CNC modern machines and CAD/CAM facilities for manufacturing die casting moulds.

Engine Valves

Motors & Controllers for EV Segment

Neemrana, Rajasthan

Noida, Uttar Pradesh (2 facilities)

Precision Injection Moulded parts for vehicles such as ECU Steering Part, Wiper motor parts, Seat Belt Parts, Fuel Pump Module, Brake Unit Assembly, Fuel Injector Parts, etc.

Precision Injection Moulded parts, Air Vents, Speaker Grills, Manifolds, Medical Parts

The equipment in our facilities provides us the advantage of manufacturing all our products on the same lines, enabling us to be agile in catering to demand for different products

#6 Offices

#5 Assembly Units

#22 Logistics centers Globally

Achieving Design Excellence Through Our Ultra Modern Tech Centre

SPRL Tech Centre is fully equipped to provide complete and comprehensive solutions, catering to the exacting needs of the hi-tech, new generation engines

Recognized by Department of Scientific & Industrial Research, Government of India

End-to-End Product Development Facility

Mr. S. Krishnakumar, Managing Director & CEO:

“At SPRL, we have always focused on innovations, winning patents, improvisation of our products and services every day for which we completely rely on modern technology. We see it as a route map to growth for us as well as for all connected to us. By adopting modern technologies, we keep on doing business right for benefitting our stakeholders, strengthening relationships with partners, upskilling employees for better opportunities and giving back to the society that plays a major role in keeping us going through every thick and thin.”

Concept Design

Simulation

Proto Line

Rig Testing

Engine Testing

Lab Analysis

4 Patents Applied

2 Patents Granted

A COMPOSITE PLATING FILM OF CHROMIUM WITH DIAMOND PARTICLES, AND PISTON RING HAVING THE SAME, ITS PRODUCTION METHOD AND SUBSEQUENT MACHINING

COMPOSITE PLATING OF CHROMIUM WITH DIAMOND PARTICLES AND PISTON RINGS HAVING THE SAME, ITS PRODUCTION METHOD, AND SUBSEQUENT MACHINING

Leading player in Pistons, Piston Pins, Piston Rings & Engine Valves

Thin walled

Forged

KS Lite

Nanofriks

Crown Anodizing

DLC coating on pins

Piston & Piston Pins

❖ Catering to wide range of new generation BS VI 2/3 wheelers, Passenger Cars, GDI & MPFI

engines, etc

❖ Capability to build Pistons from scratch with extensive use of Simulation (FEA) & Design tools

(In-house & KS customised tools)

Piston Rings

❖ Manufactured using high quality cast iron and steel materials like cast iron, alloyed grey cast

iron, spheroidal graphite cast iron and more

❖ Advanced development of materials and metal matrix technologies enable use in modern

automobile industry that demands for long lasting strength and power.

Plating & coating

➢ Chrome plating ➢ Tuff riding (Nitro Carbonizing) ➢ Multiple head profiles ➢ Seat Stellite Engine Valves ➢ 16 groove profiles

Engine Valves

❖ Custom design Engine Valve to match the exact specifications of vehicle manufacturers with

due consideration to after-market requirements

❖ Strict quality check process ensures efficiency to overcome various thermal and corrosive

loads

❖ Use of best-in-class magnetic and non-magnetic steel ensures long-life of products

Long-standing Technology Partnerships with Global Majors

Since 1972

PISTONS

Since 1978

RINGS

Kolbenschmidt Germany

Riken Corporation Japan

21.3% Holding in SPRL

Since 1989

PISTONS

Honda Foundry Japan

Since 1993

ENGINE VALVES

FUJI OOZX

Fuji Oozx Japan

❖ Ranks among the 100 biggest auto

industry suppliers worldwide

❖ 40 production plants in Europe, the Americas, Japan, India and China ❖ Has three divisions – Mechatronics, Motor service and Hard parts (includes pistons for cars & CV, and other products)

❖ Founded in 1927 ❖ Presence in USA, China, Indonesia,

Thailand, Europe, and India

❖ Manufactures Piston Rings, Other Automotive Parts, Piping products, Marine & Industrial Components & Engineering Parts, Industrial products, Aerospace Equipment parts, etc.

Thermal

❖ Founded in 1963 ❖ Began with Manufacturing Piston, also manufactures automobile parts and other aluminum alloy parts

❖ Established in 1951 ❖ Presence

in USA,

China, Indonesia, Mexico, Germany and India

❖ Manufactures various engine valves and other engine-related parts and automobile parts, etc.

Leading supplier in the Domestic Market

Assembly Units located in:

Karsanpura,

Gujarat

Pune,

Maharashtra

Gurugram,

Haryana

Sahibabad,

Uttar Pradesh

Hosur,

Tamil Nadu

Domestic Revenue

(Rs Million)

26,481

23,901

20,758

16,224

12,918

FY21

FY22

FY23

FY24

FY25

5 Assembly Units

1,200+ Business Partners

❖ 5 Assembly Units located strategically to supply our products to major customers with no logistical delay

❖ Enduring relationships with prominent OEMs across diverse product segments

❖ Broad spectrum of marquee clientele

❖ Dominant in aftermarket segment through its well-recognized brand – SPR & USHA

Standalone Financials

Strong Domestic Market Presence across Product Segments

Commercial Vehicles

Passenger Vehicles

Two- wheelers

Tractors

Off-Highway, Industrials & Gensets

In addition to the above-mentioned product segments, we also cater to Indian Railways (for Engines) and Defence applications

Well established player with Customer base across Geographies

Export Revenue

(Rs Million)

4,841

5,182

4,840

4,010

2,798

FY21

FY22

FY23

FY24

FY25

Key Exports Destinations (FY25)

13%

31%

Europe

10%

Revenue Break-Up

18%

26%

South America

Middle East

North America

Asia Pacific

Africa

Exporter of Pistons, Piston Rings, Pistons Pins & Engine Valves

Continents

45+

Countries

❖ Well established and long-term relations with major OEMs globally

❖ Strong presence in aftermarket segment through its brands - SPR & USHA

❖ Diversified customer base

❖ Long term supply contract with key customers

Standalone Financials

Diversifying Portfolio for Future Readiness (1/2)

SPR (through its 100% subsidiary SPR Engenious Ltd.) acquired 66.42% stake in SPR EMF Innovations Pvt. Ltd.

SPR (through its 100% subsidiary SPR Engenious Ltd.) acquired 62% stake in SPR Takahata Precision India Pvt. Ltd.

❖SPR EMF Innovations (EMFi) is a young tech company having research base in

Singapore and manufacturing operations in India

❖Enables SPR to move towards electrifying its product portfolio and provide

complete solutions for Electric Vehicles

❖Technology tie-up with Great land Electric and Wuxi Lingbo China

❖Design & Manufacturing Capability of products for e-mobility applications in the

state-of-the-art plant located in Coimbatore, Tamil Nadu

❖Company will provide system solutions from 250W - 300KW for E mobility

application

Products

Broad Application Range

❖ SPR Takahata Precision India Pvt. Ltd., has technical collaboration with Takahata Japan, which is a leading precision injection moulded parts manufacturing company globally

❖ Manufactures a wide range of products such as automotive parts, office automation equipment parts, optical equipment parts, residential facilities parts and medical equipment parts.

Wide Range of Products

❖ FI Components ❖ FI – Hose Systems ❖ Throttle Unit ❖ ECU ❖ Brake Unit ❖ Air Bags

❖ Steering ❖ Door Lock ❖Head Lamp Actuator ❖Accelerator Paddle ❖EV battery System

Key Automotive Customers

Brushless DC (BLDC) motors

SRM & PMSM Mid Drive Motors

Motor Controllers

State-of-the-art manufacturing facility in Neemrana, of Rajasthan, developing moulds from 20T – 350T. Enables design, Takahata manufacture, conduct trials, maintenance, and inspection all under one roof

capable

SPR

Diversifying Portfolio for Future Readiness (2/2)

SPR (through its 100% subsidiary SPR Engenious Ltd.) acquired 100% stake in SPR TGPEL Precision Engineering Ltd.

SPR acquired 100% stake in Karna Intertech Pvt. Ltd.

❖SPR TGPEL is amongst the few precision engineering companies providing one stop solution for mold design & development, production of injection molded components, sub-assemblies and complete product assemblies

❖With it’s vast experience of more than 30 years in the field of mold making the company has

& precision plastic component manufacturing, established itself as one of the leaders in the segment

Wide Range of Products

Non-Auto

❖Electrical ❖Industrial & ❖Medical

Automotive ❖Clips & Clamps ❖Harness Protectors ❖ADAS Brackets ❖Glass Holders ❖Battery Pack Parts ❖Clutch Assembly

Parts

❖Wiper Motor Gears ❖Alternator Covers ❖CDI Case ❖Thin Wall Bobbins ❖Insulators for

Motors

❖Car Antenna Parts ❖USB Charger Parts

❖Karna is a key supplier of gravity die casting moulds to SPRL, which are

utilised in the manufacturing of piston castings.

❖SPRL provides the mould design, which is extremely sensitive and confidential. Karna can produce high-precision items to the greatest levels of quality because of its highly skilled workforce.

❖The company is an established manufacturer of Jigs & Fixtures and special purpose machines used for specialized machining, assemble and inspection operations.

Range of Products

❖Pressure Die

Casting Tools. ❖Low Pressure Die Casting Tools.

❖Gravity Die Casting

Tools

SPR EMFi – Product Portfolio

Complete Solution for Range of Electric Vehicles

2 Wheeler

3 Wheeler / Pass / LCV

Passenger Vehicle

Cargo Vehicle

Bus Platform

Medium & Heavy CV

2 – 10 kW

4 – 18 kW

15 – 60 kW

15 – 45 kW

60 – 120 kW

150 – 250 kW

SPR EMFi will be the optimized system supplier to have both Motors & Controllers under one roof with >80% localization

SPR Takahata – Product Portfolio

FI- Components

Throttle Unit

Brake Unit

FI- Components

ECU

Air Bag

Door Lock

FI- Connectors

Steering

SPR TGPEL – Product Portfolio

Speaker Grills

Air Vents

Flange Covers

Manifolds

Bobbins

Door Handles

Fuse Box Covers

CRB Housing

Clamps

Connectors

Electrical Parts

Industrial Parts

Medical Parts

e v i t o m o t u A

o t u A - n o N

Seasoned Board Of Directors Providing Expert Oversight

Mr. Pradeep Dinodia Chairman (Non-Executive Non- Independent Director)

Mr. Hari S. Bhartia Independent Director

Ms. Ferida Chopra Independent Director

Ms. Meenakshi Dass Non-Executive Director

❖ On the board since 2003 ❖ Non-Executive Non-Independent Director of Hero MotoCorp Ltd.;) Hero FinCorp Ltd. and DCM Shriram Ltd.

❖ On the board since 2009 ❖ Co-Chairman & NED of Jubilant Pharmova Ltd.; Co-Chairman & WTD of Jubilant Ingrevia Ltd. and Co-Chairman & NED of Jubilant FoodWorks Ltd., ID in Global Health Ltd.

❖ On the board since 2019 ❖ Independent Legal Counsel in Supreme Court of India,

High Court of Delhi, CCI and various other Tribunals

❖ Independent Director of SPR EMF Innovations Pvt. Ltd. &

SPR Takahata Precision India Pvt. Ltd.

❖ On the board since 2009 ❖ One of the Promoters

Mr. Luv D. Shriram Whole Time Director

Mr. Krishnakumar Srinivasan Managing Director & CEO

Mr. Shinichi Unno Independent Director

Ms. Tina Trikha Independent Director

❖ On the board since 2009 ❖ One of the Promoters

❖ On the board since 2020 ❖ Long and varied experience in leadership roles with auto companies in India & abroad

❖ On the board since 2021 ❖ Executive Officer & Plant Manager, Fuji Oozx

Shizuoka, Japan

❖ Appointed w.e.f. from 13th May 2024 ❖ Non-Executive & Independent Director of Hero Motocorp Ltd. and Oberoi Realty Ltd., and Director of C.E. Info Systems Ltd.

Mr. Yasunori Maekawa Non-Executive Director

Mr. Klaus Semke Non-Executive Director

Mr. Shigeto Muno Alternate Director to Mr. Maekawa

❖ On the board since 2022 ❖ Representative Director, President, CEO and COO

❖ On the board since 2023 ❖ President at KS Kolbenschmidt GmbH

of Riken Corporation

❖ On the board since June 2024 ❖ Deputy Senior General Manager -

Sales at Riken Corporation

The Visionary Leaders Who Drive SPRL

Mr. Krishnakumar Srinivasan Managing Director & CEO ❖ 38+

Years

experience

❖ MBA,

Exports (Mechanical)

Diploma and

in B.E.

Ms. Poonam Bharati Executive Director & CHRO

❖ 30+ Years of experience

❖ B Sc., Masters in

HR & IR

Mr. Sandeep Agrawal Executive Director & CMO

❖ 38+ Years of experience

❖ PGDBM and BSc.in

Mechanical Engineering

Mr. Rajnish Julka Executive Director - Ghaziabad

❖ 35+ Years of experience

❖ MEP, MTE, B. Sc. Engineering (Mechanical)

Mr. Rajan Nanda Executive Director

❖ 34+ Years of

experience

❖ MBA Finance & Operations and B.E. Mechanical

Mr. Sumantra Mukherjee Executive Director - Pathredi

❖ 31+ Years of experience

❖ BE (Procurement Engineering

Mr. Prem Rathi Executive Director & CFO

❖ 27+ Years of experience

❖ FCA and B. Com (Hons).

Mr. Atul K. Khanapurkar Executive Director - Pathredi

❖ 39+Years of experience ❖ B.E. (Electronics).

Mr. Dharmendra Singh Dy. Executive Director - Ghaziabad

❖ 38+ Years of experience ❖ B.Sc. Engineering (Mechanical)

Mr. Prashant Khairnar Dy. Executive Director & CDO

❖ 28+ Years of experience ❖ B.E. Mechanical

Mr. Pankaj Gupta Dy. Executive Director and Head Legal & CS

❖ 28+ Years of experience

❖ Member of ICSI,

B.Com. (Hons.) & LL.B

Mr. Arun Shukla Executive Director – Projects

❖ 38+ Years of experience

❖ B. Tech

Mr. Ashok Sinha Dy. Executive Director, ISCM

❖ 28+ Years of experience ❖ MBA, PGDBM, B. Sc.

Engineering (Mechanical)

Mr. Pankaj Jain Chief – Quality Control

❖ 35+ Years of experience ❖ B.E. (Mechanical Engineering) and a

certified Six Sigma Black Belt

Huge Focus on Sustainability (1/2)

Environmental

Social

Governance

❖ Implemented ISO 14001

Environmental Management

❖ Utmost importance to the Health and Safety of

❖ Steering Committee on ESG under chairmanship of our

Systems at both manufacturing sites

workers at the plant/factory

MD & CEO

❖ Three plants have Zero Liquid Discharge (ZLD) status & state

❖ Focus on

Inclusion and Gender Diversity –

❖ Initiated a broad Enterprise Risk

Management

of the art ETP & STP

employing women workers on shop floor

framework

❖ Procured 27 MW (~30% of total requirement) Solar Power

❖ Regular trainings on Skill Upgradation and other

❖ Robust Ethics framework in place

through Group Captive at Ghaziabad

aspects for all the employees

❖ Commissioned 1.9 MW (~5% of total requirement) Rooftop

❖ Ensuring no human rights get violated across

Solar Power Plant at Pathredi

operations

❖ Introduced “KPMG” - a digital platform to enable access of relevant ESG related data to authorized users.

❖ Procured 4 MW (~40% of total requirement) Solar Power

❖ Initiated special woman empowerment programs

❖ Compliance management tool in place

through Group Captive at Bulandshahr

❖ Mobile medical van & charitable Dispensaries in

❖ Innovation & intellectual property-oriented culture

❖ Commissioned 1 MW Solar Power Plant at Pithampur

nearby area

reflected in patents filled

❖ Sustainability data published on global platforms like CDP

❖ Empowering women in rural communities earn

ECOVADIS & SAQ

livelihood by acquiring Tailoring skills

❖ Won the “Golden Peacock“ award from Institute of Directors – London for Good Corporate Governance

❖ 95% of critical Suppliers on-boarded are environment

compliant

Awards and Accolades

❖ Commendation for Significant Achievement award for sustainability by CII ❖ ESG rating 2 awarded by Dun & Bradstreet

❖ GOLD” Category awarded by TVS for Sustainability ❖ “A” Category awarded by Mahindra & Mahindra

Huge Focus on Sustainability (2/2)

Environmental Initiatives

Social Initiatives

Governance Initiatives

❖ 20%

Increase

in mix of

Renewable Energy

❖ 30% Increase in use of Recycled

Material

❖ 100% Used water recycled

❖ 0% Waste disposal to landfill

❖ 10% Reduction in Attrition Rate

❖ #2 days trainings on average

per employee

❖ Skill

& upgradation employees

Competency for

programs

❖ 9% Reduction Consumption

Energy

❖ Plants are ISO-45001 certified

for Health & Safety

❖ 20% Reduction in Scope 1+2

❖ “Sword of Honour” by British

Emissions

Safety Council

❖ 8%

Reduction

in Water

❖ #0 Lost Time Accident (LTA) at

Intensity

plants

❖ Promoting circular economy by reusing scrap and minimizing waste

❖ Elimination of Wooden Pallets & Recycling of Packaging Material

❖ 200% water

by rainwater harvesting projects in nearby villages

positive

❖ Focussed efforts

improve

Health, Hygiene/Sanitation, etc.

❖ Voluntary disclosure of BRSR

❖ Strong commitment of Board to good corporate governance

❖ Golden Peacock Award

for

Good Corporate Governance

❖ Policy Framework on BRSR:

• Adoption of Human Rights

•

policy Inclusion of ESG in EHS policy

• Anti-corruption and No

Bribery policy

• Code of Conduct & Ethics • No Child Labour • Freedom of Association • Equal & Fair Treatment

practices

❖ Supply Chain: Preference given to local & MSME vendors for procurement

Prestigious Recognitions for Sustainability Efforts

Verification of Green House Gas Emissions as per ISO 17029.

2024 - Climate & Water disclosure awarded rating “C”

ESG Rating -2 (Highest rating in India) by Dun & Bradstreet

ESG Gold Award – 2024 by ACMA

Excellence in Safety Gold Award – 2024 by ACMA

Industry Overview

Indian Auto Components Industry : A Promising Future

Indian Auto Components Industry Size and Growth (USD Bn)

Component Sales By Category (FY24)

200

Others, 32%

Drive Transmission & Steering, 13%

Auto Components Exports – Size and Growth (USD Bn)

Engine Components, 26%

FY21

FY22

FY23

FY24

FY28E

Source: Industry Reports

Body / Chasis / BiW, 14%

Suspension & Braking, 15%

FY21

FY22

FY23

FY24

FY26E

Source: IBEF

Why is India favourably placed? ❖ India is one of the key beneficiaries as global OEMs seek to de-risk their supply chain following the disruptions in the last few years

❖ Favourable domestic trend driven by rising premiumisation across all product segments

❖ Government push to tightening regulations to get the industry in sync with global standard (like transition of BS 4 to BS 6)

❖ 100% FDI allowed under automatic route for the auto components sector

❖ Government focus on ‘Make in India’ though various initiatives and schemes like PLI Scheme & PM E-Drive Scheme which is driving

❖ EV transition

India’s Thriving Automotive Industry

Indian Auto Industry Size (Volumes) (Million)

Production

Domestic Sales

22.7

23.0

18.6

17.6

25.9

21.2

28.4

23.9

31.0

25.6

Automobile Exports (Volumes) (Millions)

5.6

4.8

4.5

5.4

4.1

Source: SIAM

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

Challenges during the Quarter ❖ Challenging demand scenario domestically involving inventory pile-ups due to muted demand in PVs and CVs

❖ Decline in exports due to lower sales driven by geopolitical tensions in various geographies Why is India favourably placed? ❖ Indian Automobile market is expected to grow in the range of 6-8% CAGR , backed by growing population and expanding middle class

❖ Market penetration of Passenger vehicles is still less than 3%

❖ Car manufacturers are slowing down strategy towards EV and moving more towards Hybrid

❖ Greater push by the government to manufacture locally

❖ Significant cost advantages which allow auto companies to save up to 25% on operations as compared to Europe and Latin America

Electric Vehicles: An Evolving Segment

EV Sales (in Thousand) & EV Penetration (%) in India

EV Sales (in Thousand) & EV Penetration (%) by Vehicle Category in India

EV Sales Forecast* (in Million)

Low Adoption

Medium Adoption

High Adoption

0.7%

1.8%

4.8%

6.4%

0.2% 4.8% 22.6% 53.6% 0.2% 2.1% 0.2% 3.3%

1,530.0

1,200.0

1,020.0

2,000.0

331.5

124.7

2020

2021

2022

2023

2024

The decline in 2024 Sales is due to additional certification requirement by the Govt. of India: PM E-Drive Scheme

How is India placed? ❖ Consolidation in EV Industry

29.0

91.0

200.0

4.2

0.1

9.0

2-Wheelers 3-Wheelers 4-Wheelers

Bus

2020

2024

10.0

8.0

6.0

4.0

2.0

❖ Government push for local production, SPR EMFi is well placed

❖ India could be a leader in shared mobility by 2030, providing opportunities for electric and autonomous vehicles

❖ Market size for EV-based components is expected to rise to Rs. 640-680 bn by 2030F, from an estimated Rs. 140-

150bn in FY25E, as per Industry Reports

❖ By 2030, the government has committed that 30% of the new vehicle sales in India would be electric

Adoption Scenario

Low

Medium

❖ Government’s ‘Make In India’ push aptly supported by PLI schemes is expected to give a big thrust to EV transition

High

in India across key segments, also pushing to reduce emissions

7.8

6.1

6.8

5.4

5.6

4.4

4.6

4.8

3.8

3.5

3.8

2.8

3.2

3.0

2.4

1.9

2.2

2.3

2.6

1.5

1.9

1.0

1.5

1.8

1.0

1.0 2022

2025F

2030F

EV Penetration (%) in 2030F *

2-Wheelers

3-Wheelers

4-Wheelers

20%

25%

29%

70%

80%

90%

10%

Source: EV Vahan Dashboard – Clean Mobility Shift

* The High Adoption scenario is the is the 30% EV Penetration,

as targeted by Niti Aayog

Internal Combustion (IC) Engines…….: Alternate Fuel Solutions

Hybrid

Hydrogen

LNG

Industrial

CNG

Flex

Internal Combustion (IC) Engines : Growth Story will continue

While the EV Industry is witnessing growth, it is facing numerous challenges and still has a long way to go. In the meanwhile, Internal Combustion (IC) Engines will continue to grow with the growing Automotive Industry.

Insufficient Power Grid capabilities to support India’s EV ambitions

❖ According to a report by Brookings, in 2030, if 33% of the total auto sales are EV, there would be an electricity demand of 37,000 GW. ❖ Meanwhile, India had an installed generation capacity of 412 MW in 2023, which shows how behind the country’s grid is to support electricity demand from EV & EV Infrastructure

Sustainability: Well-to-Wheels ICE vs. EV

❖ 60% thermal power being generated today is not fully sustainable ❖ India has committed to 50% Renewable energy by 2030 with production to increase by 500GW ❖ For a park of 100 Mn. vehicles (with 60% 2-Wheelers); the volume of power required will be huge ❖ The correct way of disposing off used batteries will be a challenge

India is not comparable to the West & China

❖ The framework that has been a success in the West and China cannot be applied to India due to the different demographics in India ❖ India is also not as technologically matured as other countries which would make EV adoption much slower than what these countries have witnessed

Higher Ownership Costs of EV makes it unaffordable for majority of the population

❖ Initial Cost of owning an EV is 2x the cost of an ICE vehicle. ❖ Higher cost of EV technology and unavailability of several components in India

Lack of EV charging Infrastructure in the country

❖ 200+ EVs per commercial charging point in India, compared to ~20 in US and less

than 10 in China

❖ Very few charging stations in cities apart from few Metros; Malls and Office spaces

also lack infrastructure making it challenging for daily commuters.

High Replacement Costs & Miniscule Maintenance Network

❖ The replacement costs of EV batteries are very high (up to Rs. 7 lakh for some

vehicles)

❖ Due to the high technology used in EVs, the repair technicians in India have little

knowledge about EV and it is highly risky to repair in local workshops.

All Segments expected to Grow

EV Penetration Not Expected

EV Penetration Expected

Heavy Commercial Vehicles

Railways

Passenger Vehicles

2-Wheelers

Exports

Tractors & Off- Highway

Genset & Industrials

Also includes Aftermarkets and Defence

3-Wheelers

Presence across diverse segments positions SPRL in a comfortable position with regards to expected change in market dynamics

Annual Financial Highlights

Key Financial Metrics over the years

(Rs Million)

Total Income

EBITDA & EBITDA Margin (%)

PAT & PAT Margin (%)

FY25 vs FY24 Growth:

10%

11%

32,827

30,351

26,513

20,939

16,162

14.5%

15.9%

19.2%

23.4%

23.7%

5.5%

7.8%

11.1%

14.7%

15.2%

7,793

7,114

4,978

4,468

5,097

3,337

2,351

2,956

1,636

888

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

* EBITDA includes Other Income

Standalone Financials

Key Ratios over the years

Debt-to-Equity Ratio (x)

Interest Coverage Ratio (x)

0.19

0.18

0.15

18.7

0.11

29.2

26.2

28.3

31.4

FY21

FY22

FY23

FY24

FY25

Net Working Capital Cycle (Days)

FY21

FY22

FY23

FY24

FY25

ROE & ROCE (%)

ROE

ROCE

29.2%

23.8%

22.9%

19.3%

16.9%

27.0%

20.7%

13.0%

10.5%

7.7%

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

SPRL is a Net-Debt free company

Standalone Financials

P&L Statement (Rs Million)

Particulars

Revenue from Operations

Other Income

Total Income

Total Expenses

EBITDA

EBITDA Margin

Depreciation and amortization

Finance costs

PBT

PBT Margin

Tax Expense

PAT

PAT Margin

FY21

15,966

196

16,162

13,811

2,351

14.5%

1,026

126

1,200

7.4%

312

888

5.5%

FY22

20,647

292

20,939

17,602

3,337

15.9%

1,020

114

2,202

10.5%

566

1,636

7.8%

FY23

26,050

462

26,513

21,416

5,097

19.2%

933

195

3,969

15.0%

1,014

2,956

11.1%

FY24

29,537

813

30,351

23,237

7,114

23.4%

874

252

5,989

19.7%

1,521

4,468

14.7%

FY25

31,795

1,032

32,827

25,034

7,793

23.7%

865

248

6,680

20.3%

1,702

4,978

15.2%

* EBITDA includes Other Income

Standalone Financials

Balance Sheet (Rs Million)

Assets

Mar-24

Mar-25

Equity & Liabilities

Mar-24

Mar-25

Non-Current Assets Property, Plant & Equipment Capital Work in Progress Goodwill & Other Intangible Assets Right of Use Assets Financial Assets Investments (i)

(ii) Loans

(iii) Other Financial Assets

Other Non-Current Assets Total Non-Current Assets Current Assets Inventories Financial Assets (i) Investments (ii) Trade Receivables (iii) Cash & Bank Balances (iv) Loans (v) Other Financial Assets Other Current Assets Total Current Assets Total Assets

5,235 94 208 631

3,579

1,564

5,249 61 177 604

6,131

120

1,184

344 11,655

143 13,669

3,536

4,200

373 4,419 7,807 - 371 555 17,061 28,717

- 5,127 9,689 30 459 697 20,203 33,872

Equity Share Capital Other Equity Total Equity Liabilities Non-Current Liabilities Financial Liabilities (i) Borrowings (ii) Lease Liabilities (iii) Other Financial Liabilities Provisions Deferred Tax Liabilities (Net) Total Non-Current Liabilities Current Liabilities Financial Liabilities (i) Borrowings (ii) Lease Liabilities (iii) Trade Payables (iv) Other Financial Liabilities Other Current Liabilities Provisions Current Tax Liabilities (Net) Total Current Liabilities Total Equity & Liabilities

441 19,058 19,499

441 23,650 24,091

1,052 215 47 300 240 1,854

2,356 54 3,276 1,001 443 150 84 7,364 28,717

767 194 37 325 253 1,576

2,791 55 3,677 1,008 410 160 104 8,205 33,872

Standalone Financials

Abridged Cash Flow Statement

(Rs Million)

Cash Flow Statement

Cash Flow from Operating Activities

Profit Before Tax

Adjustment for Non-Operating Items

Operating Profit before Working Capital Changes

Changes in Working Capital

Cash Generated from Operations

Income Tax Paid

Net Cash from Operating Activities

Cash Flow from Investing Activities

Cash Flow from Financing Activities

Net increase/ (decrease) in Cash & Cash Equivalents*

Cash & Cash Equivalents at the beginning of the period*

Cash & Cash equivalents at the end of the period*

Mar-24

Mar-25

5,989

426

6,415

(196)

6,219

(1,477)

4,742

(3,019)

(125)

1,598

6,209

7,807

6,680

271

6,951

(1,070)

5,881

(1,688)

4,194

(1,737)

(575)

1,882

7,807

9,689

*Cash and Cash Equivalents comprises of Cash, Bank balance and Investments in Liquid Fixed Deposits up to 12 months

Standalone Financials

Annexures

SPRL Group Structure

Products are marketed to almost all OEMs and Aftermarkets under brands SPR and USHA

(100% Subsidiary of SPRL)

(100% Subsidiary of SPRL) Karna Intertech Private Limited Karna is a key supplier of gravity die casting moulds to SPRL, which are utilised in the manufacturing of piston castings.

(62% Stake)

SPR Takahata Precision India Private Limited (Takahata) (formerly Takahata Precision India Private Limited)

India Pvt. Ltd., has technical SPR Takahata Precision collaboration with Takahata Japan, which leading precision injection moulded parts manufacturing company globally

is a

(66.42% Stake)

(100% Stake)

SPR EMF Innovations Private Limited (EMFi) (formerly EMF Innovations Private Limited) SPR EMF Innovations (EMFi) is a young tech company having research base in Singapore and manufacturing operations in India

SPR TGPEL Precision Engineering Limited (TGPEL) (formerly TGPEL Precision Engineering Limited) SPR TGPEL is engaged in the manufacturing of high precision injection moulds and injection moulded components

Creating value for our Shareholders

Shareholding as on 31st March 2025

Share Information as on 31st March 2025

Others 15.3%

Bodies Corporate (incl. overseas) 23.6%

Promoters 43.8%

FII 4.5%

DII 13.1%

Total Equity Dividend Paid (Rs. Million)

440

330

220

134

FY21

FY22

FY23

FY24

FY25

Source: NSE

NSE Ticker

Shares Outstanding (Million)

Market Cap (Rs. Million)

% Free Float

Free Float Market Cap (Rs. Million)

3M ADTV (Shares)

Industry

SHRIPISTON

44.0

83,206

56.25%

46,803

61,487

Auto Components & Equipment

History of Bonus Issue of Shares

As on

No. of Shares

Bonus Ratio

No. of Shares post Bonus Issue

01 Aug 1991

26 Jul 1994

10 Nov 1997

01 Nov 2000

13 Jun 2023

4,66,144

9,32,288

55,93,728

1,11,87,456

2,20,24,912

1:1

5:1

1:1

9,32,288

55,93,728

1,11,87,456

2,23,74,912

4,40,49,824

Awards and Accolades

❖ Featured in “India’s 500 Value Creators 2024”

(November 2024 issue) by D&B

❖ 'The Golden Peacock Award’ for "Excellence in Corporate Governance - 2022” from Institute of Directors, London (UK)

❖ Sword Of Honour from British Safety Council ❖ Lakshman Rao Kirloskar Award: Best Foundry of the Year from The Institute of Indian Foundrymen ❖ Outstanding Industrial Relations - 2nd Runner India Organisation Of

Up from FICCI / All Employees (AIOE) ❖ Excellence Award

from

Indian National

Suggestion Schemes' Association (INSSAN)

❖ Gold Award in Exports from Federation of Indian

Exports Organisation (FIEO)

❖ Many awards from Customers like Maruti Suzuki,

Kubota, Cummins, Caterpillar, and others

❖ From Automotive Component Manufacturers Assn. Of India

(ACMA)

➢ Gold Award in ESG & Safety Categories ➢ Atmanirbhar Excellence Award For Exports (Very Large Category) ➢ Excellence in New Product Design, Development & Localisation ➢ Excellence in HSE (Health, Safety & Environment) ➢ Excellence in Human Resource

❖ From Engineering Export Promotion Council (EEPC)

➢ “Star Performer - Engine Parts“ ➢ Export Excellence – Northern ➢ Quality Award

❖ From CII

➢ Significant Achievement in Corporate Excellence ➢ National Digi-tech Award ➢ 50 Most Innovative Companies ➢ Platinum Award – Control Category ➢ Strong Commitment to HR Excellence

❖ From Japan Institute Of Plant Maintenance (JIPM) ➢ TPM Excellence Award to Ghaziabad & Pathredi plants ➢ Award For Excellence In Technology ➢ TPM Special Award For Excellence

Received several other awards from OEMs across Passenger Vehicles, 2/3 Wheelers, Commercial Vehicles & Tractor segments

Committed to Giving Back to the Society

Govt. Girls Sr. Sec. School, Tijara

Adop. of Village Kunheda, Ghaziabad

Awards from Rajasthan Govt.

Annual CSR Spend

(Rs Millions)

81.07

51.96

Before

Education

After

Environment

Health & Education

29.73

30.90

Mobile Medical Van, Pathredi

Dispensary in Tapukara

Dispensary In Bhiwadi

Healthcare

FY22

FY23

FY24

FY25

Beneficiaries of CSR Projects

CSR Project

No. of Beneficiaries

% beneficiaries from vulnerable & marginalized groups

Some other activities under CSR: ❖ Technical Training Centre in Morta for 10th/12th student

to make them employable

❖ Self-Defence training (Karate Classes) to 1200+ students

in Ghaziabad

❖ Diploma Courses for 10th & 12th Pass students ❖ Organised Health Camps in Ghaziabad in partnership with hospitals which have been attended by 600+ patients

❖ Shriram Bhartiya Kala Kendra: Institution dedicated to promoting Indian classical dance, music & theatre ❖ Project Sashakt: empowered 50 women by providing

them entrepreneurship & training support

❖ Running 4 dispensaries in Ghaziabad

& 2 in Pathredi

❖ 35 Bed Old Age Home/Hospital for old age/ Dementia/

Alzheimer's patients

❖ Tree Plantation Drive – 1,000+ trees were planted in

NDRF campus in Ghaziabad

Environment Preservation

Healthcare

Education

Rural Development

Self-defence Training

Vocational Skills Initiatives

Sanitation Initiatives

15,000+

70,000

3,500

2,000

150

200

1,000

60%

90%

100%

80%

90%

100%

Thank You

Shriram Pistons & Rings Ltd.

Prem Rathi Executive Director & CFO prem.rathi@shrirampistons.com

Pankaj Gupta Dy. Executive Director, Head Legal & Company Secretary pankaj.gupta@shrirampistons.com

Ernst & Young LLP

Rohit Anand / Riddhant Kapur

rohit.anand4@in.ey.com / riddhant.kapur@in.ey.com

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