Belrise Industries Ltd
Incorporated in 1988, Belrise Industries Limited manufactures Automotive Sheet Metal and casting parts, Polymer components, Suspension, and mirror systems for automotives.[1]
- Market Cap ₹ 19,232 Cr.
- Current Price ₹ 216
- High / Low ₹ 229 / 96.3
- Stock P/E 39.9
- Book Value ₹ 57.1
- Dividend Yield 0.25 %
- ROCE 13.8 %
- ROE 12.6 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 22.5% CAGR over last 5 years
Cons
- Stock is trading at 3.78 times its book value
- 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
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 2,857 | 3,828 | 4,007 | 4,897 | 5,395 | 6,033 | 6,594 | 7,528 | |
| 2,542 | 3,289 | 3,438 | 4,170 | 4,597 | 5,189 | 5,679 | 6,476 | |
| Operating Profit | 316 | 539 | 569 | 728 | 798 | 843 | 915 | 1,053 |
| OPM % | 11% | 14% | 14% | 15% | 15% | 14% | 14% | 14% |
| 156 | 36 | 28 | 25 | 38 | 62 | 65 | 90 | |
| Interest | 111 | 163 | 197 | 215 | 217 | 227 | 228 | 160 |
| Depreciation | 120 | 177 | 206 | 245 | 306 | 321 | 329 | 344 |
| Profit before tax | 240 | 234 | 194 | 293 | 313 | 358 | 423 | 638 |
| Tax % | 15% | 2% | 10% | 16% | 13% | 17% | 21% | 25% |
| 205 | 230 | 175 | 247 | 271 | 295 | 332 | 478 | |
| EPS in Rs | 4.54 | 5.11 | 5.38 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 11% | 10% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 12% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 22% |
| TTM: | 45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 120% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 13% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 1,516 | 1,973 | 2,382 | 2,632 | 2,353 | 2,254 | 2,706 | 1,237 | |
| 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 |
| 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 |
| 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 Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 520 | 97 | 369 | 756 | 762 | 654 | 817 | ||
| -550 | -289 | -439 | -198 | -360 | -1,019 | -487 | ||
| 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
Standalone Figures in Rs. Crores / View Consolidated
| 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% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|
| Number of Manufacturing Facilities Number |
|
|||
| Capacity Utilization - Exhaust Systems % |
||||
| Capacity Utilization - Metal Frames (2W) % |
||||
| Capacity Utilization - Metal Frames (3W) % |
||||
| Total Production Volume (Pieces/Strokes) Million Units |
||||
| Aggregate Capacity Utilization % |
||||
| Content Per Vehicle (CPV) for 4W with H-One India INR |
||||
| Content Per Vehicle (CPV) Potential for 2W INR |
||||
| Market Share in Indian 2W Metal Components % |
||||
| Market Share in Indian 2W Polymer Products Segment % |
||||
| Market Share in Indian Polymer Products Segment % |
||||
| Number of International Markets Served Number |
||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1 Jun - Q4/FY26 transcript: revenue rose 15%, PAT 41%; final dividend ₹0.55/share declared.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report for FY ended March 31, 2026 submitted.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 May - Newspaper advertisement of postal ballot notice and remote evoting information to members
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 29 May
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
26 May - Newspaper Advertisement of Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026.
Concalls
-
Jun 2026Transcript PPT
-
Mar 2026TranscriptAI SummaryPPT
-
Feb 2026TranscriptPPT
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT REC
-
Aug 2025TranscriptPPT
-
Aug 2025Transcript PPT REC
-
Jun 2025Transcript PPT REC
Business Profile:[1]
Belrise Industries is a premier automotive component manufacturer specializing in safety-critical systems for two-wheelers, passenger vehicles, and agricultural machinery.