SPR Auto Technologies Announces Financial Results for FY2026, Recommends Final Dividend, and QIP Proposal
SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, announced its key corporate decisions following the Board of Directors meeting held on May 11, 2026. The company released its audited financial results for the quarter and the full financial year ended March 31, 2026. The board also recommended a final dividend and outlined plans for future fund-raising activities.Financial Highlights (Consolidated)
The company released comprehensive financial statements for the standalone and consolidated entities. According to the consolidated results, the total income for the quarter ended March 31, 2026, reached 14,807 million INR, compared to 10,158 million INR in the same period last year.The audited standalone and consolidated financial results, along with the balance sheet and cash flow data, are detailed below:
Consolidated Statement of Assets and Liabilities (in Rs. million)
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| TOTAL ASSETS | 61,526 | 37,289 |
| Net financial Indebtedness | 18,666.25 | (N/A) |
| TOTAL EQUITY AND LIABILITIES | 61,626 | 37,289 |
| Other equity | 28,570 | 23,496 |
Consolidated Statement of Cash Flows (in Rs. million)
| Particulars | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|
| Net cash generated from operating activities | 6,250 | 4,344 |
| Net cash used in investing activities | (18,146) | (3,848) |
| Net cash generated from financing activities | 12,522 | (610) |
| Net increase in cash and cash equivalents | 626 | (114) |
| Cash and cash equivalents at the end of the year | 1,047 | 421 |
Dividends and Governance
The Board of Directors announced that, in addition to the Interim Dividend of Rs. 5 per equity share (based on a face value of Rs. 10 each), the company recommends a Final Dividend of Rs. 5 per equity share for the financial year 2025-26. The payment is expected to be completed within 30 days of the declaration at the Annual General Meeting (AGM).The company also confirmed the re-appointment of two directors by rotation: Mr. Yasunori Maekawa and Mr. Pradeep Dinodia.
Audit Appointment:
The Audit Committee recommended and the Board approved the appointment of M/s Chandra Wadhwa & Co. (Firm Registration No. 00239) as the Cost Auditor for the Financial Year 2026-27.
Corporate Timeline and Fund Raising
The 62nd Annual General Meeting (AGM) of the company is scheduled for Monday, July 27, 2026. For the purpose of determining the entitlement for the Final Dividend, the Record Date has been fixed as Monday, July 20, 2026.Regarding future capital structure, the board also proposed raising funds by way of a Qualified Institutions Placement (QIP). The proposed issuance is for an aggregate amount of up to Rs. 10,000 Million, primarily earmarked for repayment of borrowings, capital expenditure (capex), and general corporate purposes.
Key Transaction Details
The financial reporting period includes several corporate developments:- Subsidiaries: The Group reported on its consolidated results, listing nine entities, including SPR Auto Interior Lighting Solutions Private Limited and SPR Auto Interior Solutions Private Limited, which were acquired in early 2026.
- Debt Instruments: The company confirmed the issuance of 100,000 Non-Convertible Debentures (NCOs) with a face value of Rs. 100,000 each, secured by a first pari passu charge on the company's movable property.
The financial covenants for these debentures remain strong, showing a Net Financial Indebtedness to EBITDA ratio of 0.70 and a Net Financial Indebtedness to Equity ratio of 0.23, based on the audited consolidated financial statements for the year ended March 31, 2026.
SHRIPISTON Stock Price Movement
Shriram Pistons & Rings Limited shares today slipped by 0.22% to settle at ₹3571.3. The stock closed on a volume of 101,216 shares, trailing below its intraday trading range of ₹3540.4 to ₹3677.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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