Shriram Pistons 7.4Y Base

Apr 2

Bigger the base, Bigger the target. H&S negated.

Disclosure: Invested. Position increased

Apr 8

Note

No specific guidance given wrt numbers
However, seemed very confident to comfortably maintain and further grow at better pace than last 3 years(18-20% CAGR)

Expects further margin improvement even from here
Steady and gradual improvement is what they expect

Growth vs industry growth rate should be way higher due to process and operational efficiency

Looking for more acquisitions in powertrain tech agnostic areas

75% capacity utilisation now
Can go upto 100%
Demand has been good and steady for now

New piece of land acquired in Coimbatore

Will continue to conduct regular concalls from here

Overall tone was very very confident and bullish

Apr 13

Note

Auto components is expected to grow 15% cagr by 2026. Ventured into EV space thro' acquisition of EMFi to deliver cost-effective and reliable electric motors and controllers for green mobility applications.

May 13

Note

Shriram pistons has given plenty of opportunities to enter or increase position. Good results.
Sales 22% YoY & 11.75% QoQ
EBIDT 31% YoY & 10% QoQ
PAT 28% YoY & 7.4% QoQ
EPS 31% YoY & 11.41% QoQ

Jul 30

Note

Good Q1. Breakout.

Aug 22

Note

Descending triangle breakout

Sep 10

Note

Target 1 2321.80 achieved

Sep 19

Note

Weekly RSI trendline breakout