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 ₹ 15,782 Cr.
- Current Price ₹ 177
- High / Low ₹ 190 / 89.2
- Stock P/E 32.8
- Book Value ₹ 55.9
- Dividend Yield 0.33 %
- ROCE 14.3 %
- ROE 14.1 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 3.02 times its book value
- Promoter holding has decreased over last quarter: -6.55%
- Company's cost of borrowing seems high
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 5,397 | 6,582 | 7,484 | 8,291 | 9,231 | |
| 4,642 | 5,707 | 6,556 | 7,270 | 8,091 | |
| Operating Profit | 755 | 875 | 928 | 1,021 | 1,140 |
| OPM % | 14% | 13% | 12% | 12% | 12% |
| 14 | 38 | 59 | 62 | 94 | |
| Interest | 216 | 250 | 290 | 307 | 250 |
| Depreciation | 246 | 307 | 321 | 330 | 352 |
| Profit before tax | 307 | 357 | 376 | 446 | 631 |
| Tax % | 15% | 12% | 17% | 20% | |
| 262 | 314 | 314 | 355 | 477 | |
| EPS in Rs | 4.82 | 5.46 | 5.81 | ||
| Dividend Payout % | 0% | 0% | 0% | 10% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| TTM: | 80% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 326 | 326 | 445 |
| Reserves | 1,715 | 2,024 | 2,015 | 2,371 | 4,526 |
| 2,632 | 2,353 | 2,504 | 2,964 | 1,418 | |
| 828 | 1,281 | 1,197 | 1,565 | 1,698 | |
| Total Liabilities | 5,196 | 5,679 | 6,042 | 7,225 | 8,087 |
| 2,460 | 2,429 | 2,460 | 2,900 | 3,044 | |
| CWIP | 120 | 80 | 179 | 263 | 239 |
| Investments | 59 | 41 | 9 | 109 | 109 |
| 2,557 | 3,130 | 3,393 | 3,954 | 4,695 | |
| Total Assets | 5,196 | 5,679 | 6,042 | 7,225 | 8,087 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 474 | 789 | 582 | 704 | |
| -543 | -194 | -362 | -981 | |
| 39 | -530 | -141 | 169 | |
| Net Cash Flow | -30 | 66 | 79 | -108 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 63 | 71 | 60 | 70 |
| Inventory Days | 40 | 39 | 38 | 42 |
| Days Payable | 48 | 65 | 48 | 59 |
| Cash Conversion Cycle | 55 | 45 | 49 | 54 |
| Working Capital Days | 34 | 31 | 40 | 34 |
| ROCE % | 14% | 14% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9h - Earnings call audio for quarter and nine months ended Dec 31, 2025 held Feb 2, 2026; link on website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12h - Belrise Industries Limited is enclosing herewith the extract of copies of newspaper publication of the unaudited standalone and consolidated financial results of the Company for …
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Presentation- Scheme Of Amalgamation Amongst Badve Autocomps Private Limited (Transferor Company 1), Eximius Infra Tech Solutions Private Limited(Transferor Company 2) (Collectively Referred To As Transferor Companies) And Belrise Industries Limited (Transferee Company) And Their Respective Shareholders Regulation 30 Of SEBI (LODR) Regulations, 2015
2d - Belrise to amalgamate BAPL and EITSPL; combined revenues ~INR21,167m; RPT reduction INR11,511.38m.
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Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Investor Presentation for the quarter and nine months ended December 31, 2025
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Q3 FY26 revenue ₹23,405Mn; PBT +35.9% YoY; merger, €0.35m SDM acquisition, Plasan defense collaboration
Concalls
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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Aug 2025TranscriptPPT
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Aug 2025Transcript PPT REC
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Jun 2025Transcript PPT REC
Business Profile[1]
The company is a leading automotive component manufacturer, offering safety-critical systems and engineering solutions for 2-wheelers, 3-wheelers, 4-wheelers (passenger and commercial), and agricultural vehicles. Its operations extend across India and key international markets, including Austria, Slovakia, the UK, Japan, and Thailand.