Belrise Industries Ltd
BELRISE NSE
Belrise Industries Ltd
AutomobilesNSE: BELRISE BSE: 544405 Auto Components
Key Fundamentals
SmallcapAuto ComponentsAutomobilesMarket Cap
₹22,646 Cr
Volatility
Moderate
P/E Ratio
43.04
EBITDA
₹1,149 Cr
Return on Equity
13.1%
Debt to Equity
0.24
Book Value
₹71.62
52W High
₹268.2
52W Low
₹135.16
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Belrise Industries Ltd insights
43 extracted metrics + investor summaries across FY09–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company has reduced debt.
- Company has delivered good profit growth of 22.5% CAGR over last 5 years
Weaknesses
4- Stock is trading at 4.13 times its book value
- Promoter holding has decreased over last quarter: -5.32%
- Company has a low return on equity of 13.1% over last 3 years.
- Working capital days have increased from 43.8 days to 65.4 days
Growth Rate
Revenue Growth
13.85% ↗
Net Income Growth
42.14% ↗
Cash Flow Change
20.96% ↗
ROE
-2.31% ↗
ROCE
0.18% ↗
EBITDA Margin (Avg.)
-7.87% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 19h agoAI opinion · based on fundamentals
Risk high
Belrise Industries Ltd is a mid-cap auto components company with a market cap of Rs 23,276 Cr, trading at a PE of 49.7x. The company has delivered strong profit growth of 22.5% CAGR over 5 years with 12% compounded sales growth, but trades at elevated valuations of 4.47x book value with a modest ROE of 13%.
Bull Case 7
- Strong profit growth of 22.5% CAGR over last 5 years indicates improving operational leverage
- TTM profit growth accelerated to 34%, significantly above the 5-year CAGR of 23%
- Consistent revenue growth with compounded sales CAGR of 13% over 5 years and 12% TTM
- Company has actively reduced debt, strengthening its balance sheet position
- Stock has delivered 90% return over the past 1 year, reflecting strong market momentum
- ROE has remained stable at 13-14% over 3 to 5 years, showing consistent return generation
- Dividend yield of 0.22% indicates the company has started returning cash to shareholders
Bear Case 8
- PE ratio of 49.7x is elevated for an auto components company, implying rich valuations
- Trading at 4.47x book value (PB of 3.57x per screener) which is expensive relative to 13% ROE
- Promoter holding decreased by 5.32% in the last quarter, signaling potential insider concern
- ROE of 13.1% over 3 years is modest and does not justify the premium valuation multiple
- Working capital days increased from 43.8 to 65.4 days, indicating deteriorating cash conversion efficiency
- Sales growth of 12% TTM is decelerating compared to the acceleration seen in profit growth, raising sustainability questions
- 52-week high and low data unavailable, limiting visibility on price range and downside risk assessment
- Limited long-term track record with 10-year data unavailable for most growth metrics
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 19h ago Positives 1
- Acquires Hyva tipper body business Aug 4
Belrise acquired Hyva India's Tipper Body business for USD 5.65 million, expanding its commercial vehicle segment presence.
Neutral 1
- Q1 FY27 earnings call scheduled Aug 12
Belrise scheduled its Q1 FY27 earnings call for August 17, 2026, to discuss unaudited results for the quarter ended June 30, 2026, featuring MD Shrikant Badve and CFO Rahul Ganu.
TL;DR: Belrise Industries is actively expanding through inorganic growth with the USD 5.65 million Hyva tipper body acquisition, signaling ambitions in the commercial vehicle space. No headwinds are visible in recent news flow. The upcoming Q1 FY27 earnings call on Aug 17 will be a key catalyst to assess whether the acquisition strategy is translating into top-line and margin improvement.
Quarterly Results
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,476 | 1,425 | 1,590 | 1,780 | 1,799 | 1,798 | 1,802 | 1,821 | 2,107 | 2,088 |
| Expenses | 1,284 | 1,209 | 1,376 | 1,548 | 1,545 | 1,542 | 1,542 | 1,565 | 1,826 | 1,820 |
| Operating Profit | 192 | 215 | 214 | 232 | 254 | 255 | 260 | 257 | 281 | 268 |
| OPM % | 13% | 15% | 13% | 13% | 14% | 14% | 14% | 14% | 13% | 13% |
| Other Income | 5 | 9 | 14 | 29 | 12 | 21 | 22 | 27 | 20 | 18 |
| Interest | 51 | 59 | 69 | 57 | 44 | 60 | 35 | 31 | 34 | 37 |
| Depreciation | 89 | 83 | 81 | 83 | 83 | 86 | 82 | 89 | 87 | 92 |
| PBT | 58 | 83 | 78 | 121 | 140 | 130 | 164 | 164 | 180 | 156 |
| Tax % | 15% | 21% | 17% | 25% | 21% | 21% | 25% | 29% | 24% | 27% |
| Net Profit | 49 | 66 | 65 | 91 | 110 | 103 | 123 | 117 | 136 | 114 |
| EPS in Rs | 0.75 | 1.01 | 1 | 1.4 | 1.69 | 1.15 | 1.38 | 1.31 | 1.53 | 1.28 |
Profit & Loss
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,857 | 3,828 | 4,007 | 4,897 | 5,395 | 6,033 | 6,594 | 7,528 | 7,819 |
| Expenses | 2,542 | 3,289 | 3,438 | 4,170 | 4,597 | 5,189 | 5,679 | 6,476 | 6,753 |
| Operating Profit | 316 | 539 | 569 | 728 | 798 | 843 | 915 | 1,053 | 1,065 |
| OPM % | 11% | 14% | 14% | 15% | 15% | 14% | 14% | 14% | 14% |
| Other Income | 156 | 36 | 28 | 25 | 38 | 62 | 65 | 90 | 87 |
| Interest | 111 | 163 | 197 | 215 | 217 | 227 | 228 | 160 | 138 |
| Depreciation | 120 | 177 | 206 | 245 | 306 | 321 | 329 | 344 | 350 |
| PBT | 240 | 234 | 194 | 293 | 313 | 358 | 423 | 638 | 664 |
| Tax % | 15% | 2% | 10% | 16% | 13% | 17% | 21% | 25% | — |
| Net Profit | 205 | 230 | 175 | 247 | 271 | 295 | 332 | 478 | 490 |
| EPS in Rs | — | — | — | — | — | 4.54 | 5.11 | 5.38 | 5.5 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 11% | 10% | — |
Balance Sheet
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 20 | 20 | 326 | 326 | 445 |
| Reserves | 776 | 1,242 | 1,416 | 1,685 | 1,946 | 1,920 | 2,252 | 4,639 |
| Borrowings | 1,516 | 1,973 | 2,382 | 2,632 | 2,353 | 2,254 | 2,706 | 1,237 |
| Other Liabilities | 326 | 677 | 742 | 743 | 828 | 1,086 | 1,235 | 1,553 |
| Total Liabilities | 2,638 | 3,913 | 4,561 | 5,080 | 5,148 | 5,585 | 6,518 | 7,873 |
| Fixed Assets | 1,342 | 1,834 | 2,026 | 2,458 | 2,427 | 2,459 | 2,704 | 2,917 |
| CWIP | 332 | 330 | 295 | 120 | 80 | 179 | 263 | 240 |
| Investments | 35 | 38 | 43 | 70 | 53 | 21 | 354 | 374 |
| Other Assets | 929 | 1,710 | 2,198 | 2,432 | 2,589 | 2,927 | 3,197 | 4,342 |
| Total Assets | 2,638 | 3,913 | 4,561 | 5,080 | 5,148 | 5,585 | 6,518 | 7,873 |
Cash Flow
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating | — | 520 | 97 | 369 | 756 | 762 | 654 | 817 |
| Investing | — | -550 | -289 | -439 | -198 | -360 | -1,019 | -487 |
| Financing | — | 34 | 203 | 39 | -496 | -328 | 223 | 396 |
| Net Cash Flow | — | 5 | 11 | -31 | 63 | 74 | -142 | 726 |
| Free Cash Flow | — | 67 | -264 | -133 | 591 | 310 | -19 | 207 |
| CFO/OP | — | 101 | 21 | 57 | 102 | 100 | 82 | 92 |
Ratios
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 45 | 62 | 47 | 52 | 48 | 58 | 60 |
| Inventory Days | 33 | 40 | 51 | 41 | 41 | 47 | 50 | 53 |
| Days Payable | 31 | 50 | 48 | 45 | 41 | 54 | 61 | 74 |
| Cash Conversion Cycle | 51 | 34 | 65 | 43 | 52 | 42 | 46 | 39 |
| Working Capital Days | 74 | 74 | 39 | 36 | 33 | 30 | 36 | 65 |
| ROCE % | — | — | 11% | 12% | 12% | 13% | 13% | 14% |
Documents
1
Clarification Sought from Belrise Industries Ltd
10 Jun - Exchange has sought clarification from Belrise Industries Ltd on June 10, 2026, with reference to Movement in Volume. 10 Jun - Exchange has sought clarification from Belrise Industries Ltd on June 10, 2026, with reference to Movement in Volume.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Belrise Industries Limited has submitted to the exchange, confirmation certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended … 13 Apr - Belrise Industries Limited has submitted to the exchange, confirmation certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended …
4
Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015, As Amended - Issuance Of Corporate Guarantee
8 Apr - Belrise issued GBP 1,38,60,000 corporate guarantee for UK subsidiary's ICICI Bank loan. 8 Apr - Belrise issued GBP 1,38,60,000 corporate guarantee for UK subsidiary's ICICI Bank loan.
5
Regulation 30 Of The SEBI (LODR) Regulations, 2015, ('SEBI Listing Regulations') Read With Para B Of Part A Of Schedule III
4 Apr - Belrise issued corporate guarantee for GBP 1.98 million deferred consideration in Chester Hall acquisition. 4 Apr - Belrise issued corporate guarantee for GBP 1.98 million deferred consideration in Chester Hall acquisition.
Frequently Asked Questions about Belrise Industries Ltd
What does Belrise Industries Ltd do?
Incorporated in 1988, Belrise Industries Limited manufactures Automotive Sheet Metal and casting parts, Polymer components, Suspension, and mirror systems for automotives.[1]
Where is Belrise Industries Ltd (BELRISE) listed?
Belrise Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: BELRISE and BSE: 544405. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Belrise Industries Ltd belong to?
Belrise Industries Ltd operates in the Automobiles sector within the Auto Components industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Belrise Industries Ltd?
Belrise Industries Ltd has a market capitalisation of approximately ₹22645.86 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Belrise Industries Ltd?
The Price-to-Earnings (PE) ratio of Belrise Industries Ltd is 43.04. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Belrise Industries Ltd?
Over the past 52 weeks, Belrise Industries Ltd has traded between a low of ₹135.16 and a high of ₹268.2. This range helps investors understand the stock's price volatility and recent trading levels.
Does Belrise Industries Ltd pay dividends?
Yes, Belrise Industries Ltd has a dividend yield of 0.23%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Belrise Industries Ltd?
Belrise Industries Ltd has a Return on Equity (ROE) of 13.10%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Belrise Industries Ltd on Tapetide?
On Tapetide, you can view Belrise Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1988, Belrise Industries Limited manufactures Automotive Sheet Metal and casting parts, Polymer components, Suspension, and mirror systems for automotives.[1]
Website belriseindustries.com
CEO Mr. Shrikant Shankar Badve
Employees 2,168
Listed 2025-05-28
Face Value ₹ 5
Issued Size 88,98,79,192