Belrise Industries Limited

Belrise Industries Limited

214.74
INR
-4.68
(-2.13%)
5.97EPS
39.96P/E
230.73BMarket Cap
Dec 02Next Earn
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
58.45
71.66
82.14
91.38
109.33
115.34
Basic EPS, GAAP
2.94
3.52
3.53
3.99
5.82
5.97
Free Cash Flow per Basic Share
5.12
8.11
6.38
6.46
9.64
- -
Dividend per Share
- -
- -
0.02
- -
- -
- -
Book Value per Share
19.5
22.98
26.3
30.3
58.73
- -
Tangible Book Value per Share
19.5
22.97
26.29
30.27
58.7
- -
Basic Weighted Avg Shares
890
890
890
890
854
849
Sales/Revenue/Turnover
52,009
63,772
73,095
81,316
93,358
97,934
Operating Margin (%)
9.79
8.92
8.31
8.51
8.49
8.14
Depreciation Expense
2,457
3,067
3,214
3,298
3,610
3,697
Net Income, GAAP
2,618
3,137
3,138
3,554
4,969
5,068
Effective Tax Rate (%)
14.78
12.07
16.54
20.23
25.37
26.82
Profit Margin (%)
5.03
4.92
4.29
4.37
5.32
5.18
Working Capital
5,899
7,397
10,766
9,295
23,751
- -
LT Debt
16,330
13,039
14,581
16,850
7,980
- -
Total Equity
17,357
20,445
23,402
27,132
52,263
- -
Return on Invested Capital (%)
- -
11.4
10.69
10.46
9.41
- -
Return on Capital (%)
- -
12.09
11.89
11.25
10.59
- -
Return on Common Equity (%)
- -
16.6
14.31
14.11
12.54
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
7,229
- -
LT Borrowings
- -
7,502
- -
LT Finance Leases
- -
478
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
890
890
967
Market Capitalization
164,930
165,509
230,733

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
48,175
- -
Cash, Cash Equivalents & STI
- -
8,429
- -
Accounts Receivable, Net
- -
17,537
- -
Inventories
- -
9,192
- -
Total Current Liabilities
- -
24,423
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
7,229
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
92.63%
Free Cash Flow
- -
- -
43.12%
Net Income, GAAP
- -
- -
39.79%
Sales/Revenue/Turnover
- -
- -
14.81%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
17,810
20,687
21,668
22,743
81,316
2026
22,622
23,535
23,405
25,528
93,358
2027
25,465
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.8
1
1.13
1.24
3.99
2026
1.5
1.63
1.45
1.53
5.82
2027
1.37
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Shrikant Shankar Badve
Full Time Employees
2,181
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
Cello Platina Pune MA India 411005
IPO Date
May 28, 2025
Business
Belrise Industries Ltd is a leading Indian automotive component manufacturer specializing in Tier-1 OEM manufacturing with a product portfolio encompassing automotive sheet metal and casting parts; polymer components; suspension systems including shock absorbers, springs, front forks; mirror systems including outer and inner rearview mirrors; metal chassis systems; body-in-white components; exhaust systems; battery containers; and electric vehicle powertrain components. The company's manufacturing capabilities extend through 15+ facilities across seven Indian states, serving prominent domestic and global OEMs such as Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, Tata Motors, and Mahindra, with exports reaching key markets including the United States, Japan, the United Kingdom, and China. Founded in 1988 and headquartered in India, Belrise has evolved from manufacturing automotive fasteners to a diversified multi-vertical organization with expertise in metal and polymer processing, surface treatments, suspension systems, and home appliances. Recent major developments include the commencement of production at a new facility in Bhiwadi dedicated to a Japanese four-wheeler OEM, securing multiple new orders including a key electric vehicle platform win from a leading two-wheeler OEM, and new suspension orders from fast-growing two- and three-wheeler manufacturers. The company has also diversified into renewable energy by supplying solar structures to a global solar tracker player and has strengthened its defense segment with incremental orders for armored vehicle programs from a leading Indian defense OEM. Financially, Belrise reported a 17% increase in manufacturing revenue in Q2 FY26, substantial debt repayment using IPO proceeds, and improved profitability margins, confirming its strategic focus on innovation, system integration, and expanding its footprint in electric mobility and premium vehicle components. Belrise Industries targets automotive and white goods industries, focusing on safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers including passenger and commercial vehicles, and agricultural vehicles. The company’s growth is supported by technological advancements such as cathodic electro-deposition plating and IoT-enabled real-time production monitoring. Its operations emphasize backward integration in tooling, tube bending, and press operations as well as forward integration in system assembly and coating processes. With a workforce exceeding 15,000 employees, Belrise continues to expand its product offerings and market reach, aiming to penetrate higher value segments and sustain leadership in India’s automotive component sector.