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Shriram Pistons Shareholders Approve Name Change and MoA Alteration with 99.9% Majority
Shriram Pistons & Rings Limited has successfully passed three special resolutions via postal ballot with overwhelming shareholder support. The approved changes include a company name change and an alteration of the object clause in the Memorandum of Association (MoA). Over 76.5% of total shares participated in the voting process, with all resolutions receiving more than 99.7% approval. These structural changes often precede a strategic rebranding or entry into new business verticals.
Key Highlights
Approved the change of company name with 99.99% of votes in favor.
Passed alteration of the object clause and adoption of new MoA with 99.99% support.
Total voter turnout stood at 76.53% of outstanding shares, totaling 33.71 million votes.
Resolution for alteration of Articles of Association (AoA) passed with 99.76% majority.
💼 Action for Investors
Monitor the company's official rebranding announcement and details on the revised object clause to understand the future strategic direction. Such changes typically signal expansion into new product categories or markets.
Shriram Pistons Rebrands to SPR Auto Technologies; Diversifies into Tech-Enabled Auto Solutions
Shriram Pistons & Rings Limited has secured shareholder approval to change its name to SPR Auto Technologies Limited, marking a significant strategic pivot. The company is altering its Memorandum of Association to focus on electronics-integrated and software-enabled automotive solutions, moving beyond traditional piston manufacturing. This rebranding aligns with a technology-focused growth strategy aimed at capturing new opportunities in the modern automotive landscape. Furthermore, the company has modernized its Articles of Association to comply with the Companies Act, 2013.
Key Highlights
Shareholders approved the name change to SPR Auto Technologies Limited on March 12, 2026.
MOA object clause altered to include advanced, electronics-integrated, and software-enabled automotive solutions.
Complete adoption of new MOA and AOA to align with the Companies Act, 2013, replacing the 1956 Act versions.
The rebranding reflects a diversification strategy to explore new opportunities in the evolving automotive landscape.
💼 Action for Investors
Investors should view this as a strategic pivot towards high-growth tech-enabled automotive segments. Monitor future capital expenditure and partnership announcements related to these new business areas.
Shriram Pistons Redeems Commercial Papers Worth Rs. 10,000 Million
Shriram Pistons & Rings Limited has successfully fulfilled its payment obligations by redeeming Commercial Papers worth Rs. 10,000 million. The redemption was completed on the scheduled maturity date of February 24, 2026. This action was carried out in accordance with SEBI's regulations for Non-Convertible Securities. The timely repayment indicates a healthy liquidity position and disciplined financial management by the company.
Key Highlights
Full redemption of Commercial Papers amounting to Rs. 10,000 million.
Payment of maturity value completed on the due date of February 24, 2026.
Compliance with SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021.
The transaction involved ISIN INE526E14086.
💼 Action for Investors
Investors should take this as a positive indicator of the company's creditworthiness and strong cash flow management. No immediate portfolio changes are required based on this routine but significant debt repayment.
Shriram Pistons & Rings Upgraded to 'IND AA+/Stable' by India Ratings
India Ratings & Research has upgraded Shriram Pistons & Rings Limited's issuer rating and long-term bank facilities to 'IND AA+/Stable' from 'IND AA'. The upgrade also applies to the company's proposed INR 10,000 million Non-Convertible Debentures (NCDs), reflecting improved creditworthiness. Additionally, the agency has removed the company from 'Rating Watch with Positive Implications', assigning a Stable outlook. Short-term ratings for bank facilities and Commercial Paper worth INR 10,000 million were affirmed at 'IND A1+'.
Key Highlights
Issuer rating upgraded to 'IND AA+/Stable' from 'IND AA', indicating stronger financial stability.
Long-term bank loan facilities of INR 5,738.61 million upgraded to 'IND AA+/Stable'.
Proposed Non-Convertible Debentures (NCDs) of INR 10,000 million also upgraded to 'IND AA+/Stable'.
Commercial Paper programme of INR 10,000 million affirmed at the highest short-term rating of 'IND A1+ '.
The company has been successfully removed from 'Rating Watch with Positive Implications'.
💼 Action for Investors
The credit rating upgrade is a positive indicator of the company's robust balance sheet and reduced financial risk. Investors should monitor how this improved rating helps the company lower its cost of capital for future expansions.
Shriram Pistons to Rebrand as SPR Auto Technologies; Expands Scope to EV Components
Shriram Pistons & Rings Limited has initiated a postal ballot to seek shareholder approval for changing its name to 'SPR Auto Technologies Limited.' This rebranding is accompanied by a significant expansion of the company's Object Clause to include high-growth sectors like Electric Vehicle (EV) motors, Battery Management Systems (BMS), and electronic components. The move signifies a strategic pivot from traditional internal combustion engine parts to advanced automotive technologies. Shareholders can cast their votes electronically between February 11 and March 12, 2026.
Key Highlights
Proposed name change to SPR Auto Technologies Limited to reflect a broader technological focus.
Expanded business scope to include traction motors, DC-DC converters, and e-drive systems for EVs.
New objects cover advanced electronics like radars, telematics boxes, and infotainment systems.
E-voting period is scheduled from February 11, 2026, to March 12, 2026.
Cut-off date for shareholder voting eligibility is February 6, 2026.
💼 Action for Investors
The rebranding and expansion into EV components are positive indicators of the company's intent to adapt to the changing automotive landscape. Investors should view this as a long-term strategic pivot and monitor the company's execution in the EV powertrain segment.
Shriram Pistons Q3 FY26: 21% Revenue Growth & INR 16,700 Cr Antolin Acquisition Completion
Shriram Pistons reported a robust 21% YoY growth in consolidated total income for Q3 FY26, driven by strong demand across all automotive segments. The company successfully completed the INR 16,700 million acquisition of Grupo Antolin's Indian entities, significantly diversifying its portfolio into automotive interiors and lighting. Powertrain-agnostic products now account for over 35% of consolidated revenue, reducing reliance on legacy internal combustion engine components. Despite a one-time exceptional expense of Rs. 252 million related to new labor codes, the company maintained profitability and declared an interim dividend of INR 5 per share.
Key Highlights
Consolidated total income grew by 21% YoY in Q3 FY26, achieving the highest-ever quarterly revenue.
Completed 100% acquisition of three Grupo Antolin Indian entities for an enterprise value of approximately INR 16,700 million.
Powertrain-agnostic revenue share increased to over 35% following recent acquisitions and new facility operations.
Declared an interim dividend of INR 5 per share (50% of face value) and proposed a name change to SPR Auto Technologies Limited.
Inaugurated a new world-class facility in Coimbatore for manufacturing electric motors and controllers.
💼 Action for Investors
Investors should view the successful diversification into non-ICE components and the Antolin acquisition as strong long-term growth drivers. Monitor the integration of the new entities and the ramp-up of the EV motor facility in Coimbatore for continued margin expansion.
Shriram Pistons Q3 Profit ₹1,149M; ₹5 Dividend, ₹10,000M NCD & Name Change Approved
Shriram Pistons & Rings reported a 12.4% YoY increase in Q3 FY26 revenue to ₹8,651 million, though net profit slightly dipped to ₹1,149 million due to a ₹237 million exceptional item related to new labour codes. The board declared an interim dividend of ₹5 per share (50% of face value) with a record date of February 6, 2026. Significantly, the company approved a massive fundraise of up to ₹10,000 million via NCDs and a strategic rebranding to 'SPR Auto Technologies Limited' to reflect a broader technology focus.
Key Highlights
Revenue from operations grew to ₹8,651 million in Q3 FY26 compared to ₹7,696 million in Q3 FY25.
Declared an interim dividend of ₹5 per share, with payment scheduled on or before March 3, 2026.
Approved issuance of secured NCDs aggregating up to ₹10,000 million (₹1,000 crore) on a private placement basis.
Proposed name change to 'SPR Auto Technologies Limited' to align with future growth in automotive technologies.
Net profit of ₹1,149 million was impacted by a one-time exceptional charge of ₹237 million for labour code implications.
💼 Action for Investors
The rebranding and massive ₹1,000 crore fundraise signal a major shift toward expansion or diversification into advanced auto-tech segments. Investors should hold for the dividend while monitoring the deployment of the newly raised capital and its impact on the debt-equity ratio.
Shriram Pistons to Raise Rs 1,000 Cr via NCDs, Rebrands to SPR Auto, Declares Rs 5 Dividend
Shriram Pistons & Rings reported a standalone PAT of Rs 1,149 million for Q3 FY26, with revenue at Rs 8,651 million. The board approved a significant fundraise of up to Rs 10,000 million (Rs 1,000 crores) through Non-Convertible Debentures (NCDs) to support future growth. Additionally, the company is rebranding to 'SPR Auto Technologies Limited' and has declared an interim dividend of Rs 5 per share. The name change and object clause alterations suggest a strategic shift towards broader automotive technologies beyond its traditional product line.
Key Highlights
Approved issuance of NCDs aggregating up to Rs 10,000 million (Rs 1,000 crores) on a private placement basis.
Declared an interim dividend of 50% (Rs 5 per share) with a record date of February 6, 2026.
Proposed name change to 'SPR Auto Technologies Limited' to reflect a wider technological focus.
Reported Q3 FY26 standalone revenue of Rs 8,651 million and PAT of Rs 1,149 million.
Standalone net worth stood at Rs 27,360 million as of December 31, 2025.
💼 Action for Investors
Investors should view the rebranding and large fundraise as a pivot towards a more diversified auto-tech entity. Monitor the utilization of the Rs 1,000 crore capital for potential acquisitions or capacity expansion in new-age automotive components.
Shriram Pistons Q3 FY26 Revenue Up 21% YoY; Completes ₹16,700 Mn Antolin Acquisition
Shriram Pistons & Rings Limited (SPRL) reported a robust 21% YoY growth in consolidated total income to ₹10,563 million for Q3 FY26, driven by strong demand across automotive segments. While EBITDA grew 21% to ₹2,389 million, PAT growth was limited to 4% YoY at ₹1,257 million due to a one-time exceptional expense of ₹252 million related to the New Labour Code. A major strategic milestone was achieved with the completion of the ₹16,700 million acquisition of Grupo Antolin’s Indian entities, diversifying the portfolio into automotive interiors and lighting. This acquisition is expected to make powertrain-agnostic products contribute over 35% of consolidated revenue.
Key Highlights
Consolidated Total Income grew 20.7% YoY to ₹10,563 million in Q3 FY26.
EBITDA rose 20.8% YoY to ₹2,389 million with a steady margin of 22.6%.
Completed 100% acquisition of Grupo Antolin's three Indian entities for ~₹16,700 million on January 8, 2026.
Q3 PAT stood at ₹1,257 million, impacted by a ₹252 million one-time exceptional statutory expense.
Acquired piston manufacturing lines from Sunbeam Lightweighting Solutions to boost legacy business capacity.
💼 Action for Investors
Investors should focus on the company's successful transition toward an ICE-agnostic portfolio, which reduces long-term EV disruption risks. The strong revenue growth and strategic acquisitions suggest a positive outlook, though integration costs of the new entities should be monitored.
Shriram Pistons Q3 Revenue Up 21% YoY; Completes Rs 16,700 Mn Antolin Acquisition
Shriram Pistons & Rings Limited (SPRL) reported a strong Q3FY26 with consolidated total income rising 21% YoY to Rs. 10,563 million. EBITDA also grew 21% to Rs. 2,389 million, maintaining a healthy margin of 22.6%. The company successfully completed the acquisition of three Grupo Antolin Indian entities for approximately Rs. 16,700 million, a move that diversifies its portfolio into automotive interiors and lighting. Consequently, ICE-agnostic products now contribute over 35% of consolidated revenue, significantly reducing dependence on traditional powertrain components.
Key Highlights
Consolidated Total Income grew 21% YoY to Rs. 10,563 million in Q3FY26.
Completed 100% acquisition of Grupo Antolin's Indian entities for an enterprise value of ~Rs. 16,700 million.
ICE-agnostic products now account for over 35% of consolidated revenue post-acquisition.
EBITDA margin remained stable at 22.6% despite a one-time exceptional expense of Rs. 252 million related to the New Labour Code.
Strong growth across segments: Passenger Vehicles and Commercial Vehicles grew over 20% YoY.
💼 Action for Investors
Investors should look favorably at the company's aggressive diversification away from ICE-dependent products and its robust revenue growth. Monitor the integration of the newly acquired Antolin entities and their impact on consolidated margins in the next few quarters.
Shriram Pistons Q3 Consolidated Income Up 17% to ₹10,563M; Completes ₹16,700M Antolin Acquisition
Shriram Pistons & Rings reported a robust 17% YoY growth in consolidated total income for Q3 FY26, reaching ₹10,563 million. While EBITDA grew by 21% to ₹2,389 million, PAT growth was restricted to 4% YoY due to a one-time exceptional expense of ₹252 million related to the New Labour Code. A major strategic milestone was achieved with the completion of the ₹16,700 million acquisition of Grupo Antolin's Indian entities in January 2026. This move significantly diversifies the company, with powertrain-agnostic products now contributing over 35% of consolidated revenue.
Key Highlights
Consolidated Total Income for 9M FY26 rose 17% YoY to ₹30,905 million.
Q3 FY26 EBITDA increased 21% YoY to ₹2,389 million with a steady margin of 22.6%.
Completed acquisition of three Grupo Antolin entities for ~₹16,700 million to enter automotive interiors.
Powertrain-agnostic products now represent over 35% of the consolidated revenue mix.
Exceptional non-recurring charge of ₹252 million impacted Q3 PAT due to New Labour Code compliance.
💼 Action for Investors
Investors should focus on the successful integration of the Antolin acquisition which de-risks the company from ICE-only components. The stock remains a strong play on automotive diversification, though the impact of the ₹10,000 million debt (Commercial Paper) on finance costs warrants monitoring.
Shriram Pistons Q3 Revenue Up 12%; Approves ₹1,000 Cr Fundraise and ₹5 Dividend
Shriram Pistons & Rings reported a 12.4% YoY increase in revenue to ₹8,651 million for Q3 FY26, though net profit slightly declined to ₹1,149 million due to a ₹237 million exceptional item related to new labour codes. The board has approved a massive fundraise of up to ₹10,000 million through NCDs, signaling significant expansion or refinancing plans. Shareholders will receive an interim dividend of ₹5 per share, with the record date set for February 6, 2026. Furthermore, the company is rebranding to 'SPR Auto Technologies Limited' to reflect a broader technological focus beyond its traditional product line.
Key Highlights
Revenue from operations grew 12.4% YoY to ₹8,651 million in Q3 FY26 compared to ₹7,696 million in Q3 FY25.
Approved issuance of secured, rated NCDs worth up to ₹10,000 million (₹1,000 crore) via private placement.
Declared an interim dividend of 50% (₹5 per share) with a record date of February 6, 2026.
Net profit stood at ₹1,149 million, impacted by a one-time exceptional charge of ₹237 million for new Labour Code compliance.
Proposed name change to 'SPR Auto Technologies Limited' to align with evolving business objectives and object clause alterations.
💼 Action for Investors
The ₹1,000 crore fundraise is a major signal of upcoming growth or strategic shifts; investors should stay invested for long-term expansion benefits. Monitor the impact of the rebranding and the utilization of the new capital on future margins.
Shriram Pistons Q3 Revenue Up 12%; Declares ₹5 Dividend and ₹1,000 Cr Fundraise
Shriram Pistons & Rings Limited reported a 12.4% YoY growth in Q3 FY26 revenue to ₹865.1 crore. Net profit for the quarter stood at ₹114.9 crore, slightly down from ₹120.3 crore YoY, primarily due to a ₹23.7 crore exceptional item related to new Labour Code implications. The board declared an interim dividend of ₹5 per share and approved a massive ₹1,000 crore fundraise via Non-Convertible Debentures (NCDs). Furthermore, the company is rebranding to 'SPR Auto Technologies Limited' to better reflect its evolving business scope.
Key Highlights
Revenue from operations increased to ₹8,651 million in Q3 FY26 compared to ₹7,696 million in Q3 FY25.
Declared an interim dividend of 50% (₹5 per share) with a Record Date of February 6, 2026.
Approved raising up to ₹10,000 million (₹1,000 crore) through secured, rated, listed NCDs on a private placement basis.
Proposed name change to 'SPR Auto Technologies Limited' subject to shareholder and regulatory approvals.
Net profit of ₹1,149 million was impacted by a one-time exceptional charge of ₹237 million for Labour Code compliance.
💼 Action for Investors
Investors should view the revenue growth and dividend payout positively, while monitoring the utilization of the ₹1,000 crore fundraise for future growth. The name change signals a strategic shift towards broader automotive technologies beyond traditional engine components.
Shriram Pistons Q3 Revenue Up 12.4%, Declares Rs 5 Dividend and Rs 1,000 Cr NCD Fundraise
Shriram Pistons & Rings reported a steady Q3 FY26 with revenue from operations growing 12.4% YoY to Rs. 8,651 million. While Profit After Tax saw a marginal decline to Rs. 1,149 million, this was primarily due to a one-time exceptional charge of Rs. 237 million related to the implementation of new Labour Codes. The company declared an interim dividend of Rs. 5 per share and approved a massive fundraise of Rs. 10,000 million through NCDs. Furthermore, a strategic rebranding to 'SPR Auto Technologies Limited' was proposed to reflect a broader focus on automotive technologies.
Key Highlights
Revenue from operations increased 12.4% YoY to Rs. 8,651 million for the quarter ended December 31, 2025.
Declared an interim dividend of Rs. 5 per equity share (50% of face value) with a record date of February 6, 2026.
Approved the issuance of NCDs aggregating up to Rs. 10,000 million (Rs. 1,000 Crore) on a private placement basis.
Profit before exceptional items and tax grew 10% YoY to Rs. 1,777 million, showing strong underlying operational performance.
Proposed a name change to 'SPR Auto Technologies Limited' to align with future growth in the auto-tech segment.
💼 Action for Investors
The underlying operational growth remains robust despite the one-time impact of new labour regulations on net profit. Investors should view the large NCD fundraise and name change as signals of aggressive future expansion or potential M&A activity.
Shriram Pistons Completes 100% Acquisition of Antolin Lighting and Grupo Antolin India
Shriram Pistons & Rings Limited has finalized the acquisition of three entities from Grupo Antolin, marking a significant expansion in its automotive component portfolio. The company acquired 100% of Antolin Lighting India (90 lakh shares) and 100% of Grupo Antolin India (15.19 crore shares), which also includes a 99.99% stake in Grupo Antolin Chakan. This strategic move integrates these entities as wholly-owned and step-down subsidiaries, with Grupo Antolin India designated as a material subsidiary.
Key Highlights
Acquired 100% stake in Antolin Lighting India Private Limited consisting of 90,00,000 equity shares.
Acquired 100% stake in Grupo Antolin India Private Limited consisting of 15,19,80,714 equity shares.
Indirectly and directly acquired ~100% stake in Grupo Antolin Chakan Private Limited.
Grupo Antolin India is now classified as an unlisted material subsidiary of Shriram Pistons.
The acquisition was completed following the Share Purchase Agreement executed on December 5, 2025.
💼 Action for Investors
Investors should monitor the integration of these new subsidiaries and their impact on consolidated revenue and margins in the coming quarters. This diversification into lighting and interior components is a positive long-term growth driver for the company.
Shriram Pistons Completes First Tranche of Asset Purchase for ₹10 Crores
Shriram Pistons & Rings Limited (SPRL) has successfully completed the first tranche of its Asset Purchase Agreement with Sunbeam Lightweighting Solutions, a subsidiary of Craftsman Automation. The company paid ₹10 Crores to acquire specific plant and machinery forming part of a piston manufacturing line. This acquisition is being executed on a piecemeal basis, with the remaining assets to be acquired in subsequent tranches. The move is intended to enhance SPRL's manufacturing capacity and technical capabilities in its core piston business.
Key Highlights
Completed first tranche of asset acquisition from Sunbeam Lightweighting Solutions Private Limited
Paid INR 10 Crores for identified plant, machinery, and related records for a piston manufacturing line
Transaction is structured in multiple tranches on a piecemeal basis rather than a full entity acquisition
Seller is a wholly-owned subsidiary of Craftsman Automation Limited
Confirmed as an arm's length transaction with no promoter or related party interest
💼 Action for Investors
Investors should view this as a strategic capacity expansion that strengthens the company's core manufacturing base. Monitor for the completion of the second tranche and subsequent updates on production commencement from the new line.
Shriram Pistons Allots Commercial Paper Worth Rs. 10,000 Million
Shriram Pistons & Rings Limited has successfully issued and allotted Commercial Paper (CP) totaling Rs. 10,000 million (Rs. 1,000 crore) on a private placement basis. The instrument has a short-term tenure of 62 days, with maturity scheduled for February 24, 2026. The funds were raised at a competitive yield rate of 6.4401%, indicating efficient access to debt markets. This move is likely aimed at managing short-term working capital requirements or optimizing the company's liquidity position.
Key Highlights
Total issuance of Rs. 10,000 million via Commercial Paper on December 24, 2025.
Short-term tenure of 62 days with a maturity date of February 24, 2026.
Yield rate fixed at 6.4401% with a discount rate of 6.3704%.
Securities issued at Rs. 4,94,589.50 per unit against a face value of Rs. 5,00,000.
The instrument is proposed to be listed on the National Stock Exchange (NSE).
💼 Action for Investors
Investors should view this as a routine short-term financing activity for working capital management. Monitor the company's overall debt levels and interest coverage ratio in the upcoming quarterly results to ensure leverage remains sustainable.
Shriram Pistons to Acquire Piston Manufacturing Assets for INR 28 Crore
Shriram Pistons & Rings Limited (SPRL) has entered into an Asset Purchase Agreement with Sunbeam Lightweighting Solutions, a subsidiary of Craftsman Automation. The company will acquire identified plant and machinery for a piston manufacturing line for a cash consideration of INR 28 Crore. This strategic move is aimed at strengthening SPRL's existing operations and enhancing its overall manufacturing capacity. The transaction will be executed in two tranches and is expected to improve operational efficiencies for the company.
Key Highlights
Acquisition of identified piston manufacturing assets for a total consideration of INR 28 Crore plus GST
Seller is Sunbeam Lightweighting Solutions Private Limited, a wholly-owned subsidiary of Craftsman Automation
The transaction is structured on a piecemeal basis to be completed in two tranches
Aims to enhance manufacturing capacity and improve operational efficiencies in the core business
Confirmed as an arm's length transaction with no related party interests involved
💼 Action for Investors
Investors should view this as a positive capacity expansion move that strengthens the company's core manufacturing capabilities. Monitor the timeline for the completion of both tranches and the subsequent impact on production volumes in upcoming quarters.
Shriram Pistons Long-Term Rating Placed on Watch Positive; ₹2,000 Cr New Debt Rated
India Ratings & Research has placed Shriram Pistons & Rings Limited's long-term issuer rating of 'IND AA' on 'Rating Watch with Positive Implications'. The agency assigned an 'IND A1+' rating to a new ₹1,000 crore Commercial Paper programme and an 'IND AA' rating to proposed NCDs worth ₹1,000 crore. Additionally, bank loan facilities totaling over ₹5,800 million were rated or affirmed. The 'Watch Positive' status indicates a high probability of a rating upgrade, signaling a strengthening financial profile and creditworthiness.
Key Highlights
Long-term issuer rating 'IND AA' placed on Rating Watch with Positive Implications by India Ratings.
Assigned 'IND A1+' rating to a new ₹10,000 million (₹1,000 crore) Commercial Paper programme.
Assigned 'IND AA' rating to proposed Non-Convertible Debentures (NCDs) of ₹10,000 million (₹1,000 crore).
Existing bank loan facilities of ₹4,889.2 million and new facilities of ₹920 million rated 'IND AA/RWPI'.
Short-term rating for bank facilities affirmed at the highest level of 'IND A1+'.
💼 Action for Investors
The 'Watch Positive' status is a bullish indicator that could lead to lower borrowing costs for the company in the future. Investors should view this as a validation of the company's strong balance sheet and operational stability.
SHRIPISTON to Acquire Grupo Antolin India for EUR 159 Million
Shriram Pistons & Rings Limited (SHRIPISTON) has entered into a definitive agreement to acquire 100% stake in Grupo Antolin's Indian operations for an enterprise value of EUR 159 million (approximately ₹16,700 million). The acquisition includes Antolin Lighting India Private Limited (ALIPL), Grupo Antolin India Private Limited (GAIPL), and Grupo Antolin Chakan Private Limited (GACPL). These companies generated annual revenues of INR 11,791 million in FY24-25. The acquisition is expected to be completed by the beginning of January 2026 and will increase the share of powertrain agnostic products to around 35% of consolidated revenue.
Key Highlights
Acquisition of Grupo Antolin India for EUR 159 million.
Target companies' annual revenues of INR 11,791 million in FY24-25.
Powertrain agnostic products will constitute around 35% of consolidated revenue.
Antolin reported revenue of Euro 4.19 billion in calendar year 2024.
Target EBITDA margin is around 9%-10%
💼 Action for Investors
Investors should monitor the successful completion of the acquisition by early 2026 and assess the impact of increased diversification on Shriram Pistons' long-term growth and profitability.