Archive · 8 Dec 2025
Shriram Pistons & Rings Jumps 14% After Acquisition
Shriram Pistons & Rings, a company that makes car parts, bought three businesses from Antolin Group in India.
This deal is worth ₹1,670 crore.
The businesses they bought make things like car interiors and lights.
After the announcement, Shriram Pistons' stock price went up by 14% in three days.
Analysts think this is a good deal and that the company will make more money because of it.
They also think the stock price could go up to ₹4,650.
The stock is currently trading at a discount compared to its peers, but it's expected to grow a lot in the next few years.
Shriram Pistons & Rings acquired Antolin Group's Indian operations for ₹1,670 crore.
The acquisition includes three companies that provide advanced interior solutions to the automotive industry.
The target companies generate annual revenues of approximately ₹1,179.1 crore.
Shriram Pistons' stock price has increased by 14% in the past three days, hitting a 52-week high.
Analysts expect the acquisition to drive a significant upgrade in the company's topline and EPS.
- Who
- Shriram Pistons & Rings
- What
- Acquired Antolin Group's Indian operations
- When
- Announced on December 5, 2023
- Where
- India
- Why
- To diversify into automotive interiors segment
- Company
- Shriram Pistons & Rings
- Acquisition Target
- Antolin Group's Indian operations
- Acquisition Value
- ₹1,670 crore (debt-free, cash-free)
- Target Companies' Revenue
- ₹1,179.1 crore annually
- Expected Completion Date
- January 2, 2026
- Stock Price Increase
- 14% in three days
- Analyst Target Price
- ₹4,650 (Emkay Global)
- Current P/E Ratio
- 16x (Sep-27 earnings)