Belrise Industries Ltd
BELRISE NSE
Belrise Industries Ltd
AutomobilesNSE: BELRISE BSE: 544405 Auto Components
Key Fundamentals
Volatility
Moderate
P/E Ratio
46.43
EBITDA
₹1,149 Cr
Return on Equity
13.1%
Debt to Equity
0.24
52W High
₹268.2
52W Low
₹134.02
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 4.47 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 8d agoAI opinion · based on fundamentals
Risk high
Belrise Industries Ltd is an auto components company with a market cap of Rs 23,776 Cr trading at a PE of 47.6x. The company has delivered 22.5% CAGR profit growth over 5 years and 13% compounded sales growth, though its ROE remains modest at 13% and the stock trades at 4.23x book value.
Bull Case 7
- Strong profit growth with 22.5% CAGR over the last 5 years, accelerating to 45% TTM growth
- Consistent compounded sales growth of 13% over 5 years and 14% TTM, indicating sustained revenue momentum
- Company has actively reduced debt, improving its balance sheet strength
- Stock has delivered 77% returns over the past 1 year, reflecting strong market confidence
- Steady ROE of 13-14% maintained over the 3 to 5 year period, showing consistent profitability
- TTM profit growth of 45% significantly outpaces sales growth of 14%, suggesting margin expansion and operating leverage
- Dividend-paying company with 0.22% yield, indicating cash flow generation capability
Bear Case 8
- Elevated valuation at PE of 47.6x, demanding continued high growth to justify premium
- Stock trading at 4.23x book value (PB of 3.41x on screener), well above sector averages for auto component makers
- Promoter holding decreased by 5.32% in the last quarter, signaling potential insider concerns
- Working capital days deteriorated from 43.8 to 65.4 days, a 49% increase indicating potential cash conversion issues
- Return on equity at 13.1% over 3 years is relatively low for a stock commanding a 47.6x PE multiple
- Dividend yield of only 0.22% offers minimal income return relative to the valuation premium
- Automobiles sector is cyclical and sensitive to economic slowdowns, raw material costs, and demand fluctuations
- Absence of long-term stock CAGR data (3, 5, 10 year) suggests limited listed track record for investors to assess
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2d ago Positives 1
- Hyva tipper body acquisition Aug 4
Belrise acquired Hyva India's Tipper Body business for USD 5.65 million, expanding its commercial vehicle segment presence.
Neutral 2
- Q1 FY27 earnings call scheduled Aug 12
Belrise will host its Q1 FY27 earnings call on August 17, 2026, to discuss unaudited results for the quarter ended June 30, 2026. MD Shrikant Badve and CFO Rahul Ganu will participate.
- QIP floor price set at ₹230.79 Jul 14
Belrise's QIP Committee approved opening the issue on July 14, 2026, with a floor price of ₹230.79 per share.
TL;DR: Belrise is actively pursuing inorganic growth with the USD 5.65 million Hyva tipper body acquisition, signaling ambition in the commercial vehicle space. The QIP issuance indicates capital-raising activity which could fund further expansion but may dilute existing shareholders. No material headwinds are visible in recent news flow. The upcoming Q1 FY27 earnings call on Aug 17 will be a key catalyst to assess whether growth investments are translating into financial performance.
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
Annoucement Under Regulation 30
14 Aug - Belrise Industries disclosed Q1 FY2027 KPIs: revenue ₹25,464.68 million, PAT ₹1,216.67 million, 27 plants. 14 Aug - Belrise Industries disclosed Q1 FY2027 KPIs: revenue ₹25,464.68 million, PAT ₹1,216.67 million, 27 plants.
2
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Aug - Belrise filed Q1 FY27 monitoring report on IPO proceeds; no deviation, funds largely utilized. 14 Aug - Belrise filed Q1 FY27 monitoring report on IPO proceeds; no deviation, funds largely utilized.
3
Statement Of Deviations Or Variation In Utilization Of Funds Raised Through, Initial Public Offerings ('IPO')
14 Aug - Belrise reported no deviation in IPO fund use for quarter ended June 30, 2026. 14 Aug - Belrise reported no deviation in IPO fund use for quarter ended June 30, 2026.
5
Announcement under Regulation 30 (LODR)-Dividend Updates
14 Aug - Q1 FY27 results approved; dividend of Rs 0.55/share proposed; authorised capital raised to Rs 550 crore. 14 Aug - Q1 FY27 results approved; dividend of Rs 0.55/share proposed; authorised capital raised to Rs 550 crore.
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 PE ratio of Belrise Industries Ltd?
The Price-to-Earnings (PE) ratio of Belrise Industries Ltd is 46.43. 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 ₹134.02 and a high of ₹268.2. This range helps investors understand the stock's price volatility and recent trading levels.
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