In today’s briefing:
- Shriram Pistons and Rings Ltd- Forensic Analysis
Shriram Pistons and Rings Ltd- Forensic Analysis
- Shriram Pistons & Rings Ltd (SPRL IN) is into the business of manufacturing auto components including pistons, piston pins and rings, engine valves, electric motors etc.
- On an overall scheme of things, balance sheet and forensics look good and healthy.
- However, one must pay attention to goodwill and related assumptions; one of the recent acquisitions has turned loss making.
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