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 ₹ 21,454 Cr.
- Current Price ₹ 241
- High / Low ₹ 246 / 97.5
- Stock P/E 42.8
- Book Value ₹ 58.7
- Dividend Yield 0.23 %
- ROCE 14.5 %
- ROE 12.6 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 4.11 times its book value
- Company has a low return on equity of 13.3% over last 3 years.
* 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 | Mar 2026 | |
|---|---|---|---|---|---|
| 5,397 | 6,582 | 7,484 | 8,291 | 9,509 | |
| 4,642 | 5,707 | 6,556 | 7,270 | 8,355 | |
| Operating Profit | 755 | 875 | 928 | 1,021 | 1,154 |
| OPM % | 14% | 13% | 12% | 12% | 12% |
| 14 | 38 | 59 | 62 | 105 | |
| Interest | 216 | 250 | 290 | 307 | 232 |
| Depreciation | 246 | 307 | 321 | 330 | 361 |
| Profit before tax | 307 | 357 | 376 | 446 | 666 |
| Tax % | 15% | 12% | 17% | 20% | 25% |
| 262 | 314 | 314 | 355 | 497 | |
| EPS in Rs | 4.82 | 5.46 | 5.58 | ||
| Dividend Payout % | -0% | -0% | -0% | 10% | 10% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | 41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 136% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 13% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 326 | 326 | 445 |
| Reserves | 1,715 | 2,024 | 2,015 | 2,371 | 4,781 |
| 2,466 | 2,353 | 2,504 | 2,964 | 1,521 | |
| 770 | 1,281 | 1,197 | 1,565 | 1,803 | |
| Total Liabilities | 4,972 | 5,679 | 6,042 | 7,225 | 8,550 |
| -0 | 2,429 | 2,460 | 2,900 | 3,104 | |
| CWIP | -0 | 80 | 179 | 263 | 240 |
| Investments | 59 | 41 | 9 | 109 | 113 |
| 4,913 | 3,130 | 3,393 | 3,954 | 5,093 | |
| Total Assets | 4,972 | 5,679 | 6,042 | 7,225 | 8,550 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 474 | 789 | 582 | 704 | 876 | |
| -543 | -194 | -362 | -981 | -475 | |
| 39 | -530 | -141 | 169 | 328 | |
| Net Cash Flow | -30 | 66 | 79 | -108 | 729 |
| Free Cash Flow | -31 | 555 | 130 | -163 | 258 |
| CFO/OP | 69% | 97% | 71% | 79% | 90% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 63 | 71 | 60 | 70 | 67 |
| Inventory Days | 40 | 39 | 38 | 42 | 44 |
| Days Payable | 48 | 65 | 48 | 59 | 63 |
| Cash Conversion Cycle | 55 | 45 | 49 | 54 | 48 |
| Working Capital Days | 34 | 31 | 40 | 34 | 59 |
| ROCE % | 14% | 14% | 14% | 15% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|
| Number of Manufacturing Facilities Number |
|
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| Capacity Utilization - Exhaust Systems % |
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| Capacity Utilization - Metal Frames (2W) % |
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| Capacity Utilization - Metal Frames (3W) % |
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| Total Production Volume (Pieces/Strokes) Million Units |
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| Aggregate Capacity Utilization % |
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| Content Per Vehicle (CPV) for 4W with H-One India INR |
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| Content Per Vehicle (CPV) Potential for 2W INR |
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| Market Share in Indian 2W Metal Components % |
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| Market Share in Indian 2W Polymer Products Segment % |
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| Market Share in Indian Polymer Products Segment % |
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| Number of International Markets Served Number |
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Extracted by Screener AI
Documents
Announcements
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Appointment of Company Secretary and Compliance Officer
14 Jun - Belrise appointed Siddhesh Mandke as Company Secretary, Compliance Officer and Head of Legal, effective June 14, 2026.
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Board Meeting Outcome for Appointment Of Company Secretary & Compliance Officer (KMP)
14 Jun - Siddhesh Mandke appointed Company Secretary, Compliance Officer and Head of Legal effective June 14, 2026.
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Intimation Under Regulation 30 (5) Of The SEBI (LODR Regulations), 2015
14 Jun - Belrise Industries updates authorised KMPs for Regulation 30 materiality disclosures.
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
12 Jun - Company Secretary and Compliance Officer Manish Kumar resigned, effective close of business June 12, 2026.
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Increase In Volume Movement
10 Jun - Belrise says no undisclosed information behind recent share volume surge.
Concalls
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Jun 2026Transcript PPT
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Mar 2026TranscriptAI SummaryPPT
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Feb 2026TranscriptPPT
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Feb 2026Transcript PPT
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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]
Belrise Industries is a premier automotive component manufacturer specializing in safety-critical systems for two-wheelers, passenger vehicles, and agricultural machinery.