Shriram Pistons & Rings shares zoom over 9% to 52-week high; Here’s what is driving the rally

This comes after it entered into a share purchase agreement to acquire three Grupo Antolin entities at an aggregate enterprise value of 159 million euros (or approximately ₹1,670 crore).

The stock was trading 8.52% higher at ₹2,848.80 per equity share at around 1:39 pm.

“Shriram Pistons & Rings Limited (SPRL or the company) has entered into a Share Purchase Agreement with Grupo Antolin Irausa, SAU and Grupo Antolin Ingenieria, SAU (collectively referred to as sellers),” it was stated in a regulatory filing on Friday.

The company added that it will directly and indirectly acquire all outstanding shares of Antolin Lighting India Private Limited (T1), Grupo Antolin India Private Limited (T2) and Grupo Antolin Chakan Private Limited (T3), a subsidiary of T2.

Under the share purchase agreement, the New Delhi-based firm will acquire a 100% stake in all three target companies.

Furthermore, the purchase price per equity share will be determined at closing from the enterprise value after making necessary adjustments for debt or debt-like items, cash and cash equivalents, and working capital surplus or deficit.

Pursuant to the agreement, SPRL has agreed to acquire all of the 90,00,000 outstanding shares from the T1’s existing shareholders. It will also acquire all 15,19,80,714 equity shares, constituting 100% of its outstanding capital.

As T3 is a subsidiary of T2, the firm will indirectly acquire about 99.9% shares of the former, via the proposed acquisition of the latter. It will not pay a separate amount for this indirect acquisition.

SPRL Q2 results

The company posted a 12.09% year-on-year (YoY) surge in its consolidated net profit to ₹139.90 crore for the September quarter of FY26, compared to ₹124.80 crore it logged in the year-ago period.

It witnessed a 15.97% annual increase in its revenue from operations to ₹1,016.50 crore during the quarter under review, as against ₹876.50 crore in the second quarter of FY25.

Shriram Pistons & Rings has a total market capitalisation of ₹12,548.91 crore, as of December 5, 2025, according to data on the NSE.