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Belrise Industries

BELRISE NSE
₹219.70 +7.37 (+3.47%)
P/E
39.95
View as Markdown
MCP
Close 4 Nov 2026 ₹219.70 +70.99 +47.7% 1Y
Start ₹148.71

Key Fundamentals

SmallcapAuto ComponentsConsumer Discretionary

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
13.80%
Debt to Equity
0.24
EPS (TTM)
₹5.50
Book Value
₹71.62
Market Cap
—
P/E (TTM)
39.95
P/B
3.07
ROE
12.60%
Dividend Yield
0.26%
EBITDA
₹1,264 Cr
52W High
₹268.20
52W Low
₹145.86
Day Range
₹210.80 – ₹220.60
Volume
24,08,206

Peer Comparison

Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments

Belrise Industries peer comparison
Samvardhana Motherson International
₹159.4938.43₹1,68,660 Cr3.980.37%11.20%13.40%₹1,31,135 Cr₹4,556 Cr
Bosch
₹50,925.0063.56₹1,48,351 Cr10.110.54%14.60%21.50%₹21,088 Cr₹2,363 Cr
Bharat Forge
₹1,812.80122.74₹86,739 Cr7.650.48%12.00%12.60%₹17,543 Cr₹715 Cr
UNO Minda
₹1,196.9057.49₹67,494 Cr10.130.24%19.30%19.60%₹20,725 Cr₹1,291 Cr
Sona BLW Precision Forgings
₹893.7074.48₹56,293 Cr8.700.38%11.70%15.10%₹4,514 Cr₹746 Cr
Schaeffler India
₹3,507.2042.47₹55,555 Cr8.920.99%20.80%27.90%₹10,192 Cr₹1,292 Cr
Tube Investment
₹2,250.5071.81₹42,644 Cr5.620.16%9.95%17.10%₹23,754 Cr₹1,109 Cr
Belrise Industries (this company)
₹219.7039.95₹20,563 Cr3.070.26%12.60%13.80%₹7,819 Cr₹490 Cr
Median 8 companies₹1,504.8560.53₹61,893 Cr8.180.38%12.30%16.10%₹19,134 Cr₹1,200 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

53 Average

Data confidence 98/100

Category scores

Quality
57
Good
Returns, margins, earnings quality 22% weight
Valuation
64
Good
Cheap vs sector & own history 24% weight
Growth
38
Weak
Sales & profit trajectory 9% weight
Financial Health
40
Weak
Solvency, leverage, coverage 9% weight
Momentum
38
Weak
Trend strength, vol-adjusted 12% weight
Ownership
53
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 4.05 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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish865
OscillatorsBearish360
Moving AveragesNeutral505

Key readings

RSI (14)
47.85
Neutral
MACD (12,26,9)
−6.38
Bearish
SMA (50)
229.58
Bearish
SMA (200)
214.73
Bullish

As of

Analyst Rating

Based on 6 analysts
BUY100%

6 of 6 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
6
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+13.44%
3Y+11.75%
1Y+14.16%
TTM+12.21%

Net profit

Net profit growth by window
5Y+22.26%
3Y+20.82%
1Y+43.98%
TTM+32.79%

Operating cash flow

Operating cash flow growth by window
5Y+53.14%
3Y+2.62%
1Y+24.92%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y−0.21 pp
3Y−0.80 pp
1Y+0.11 pp
TTM−0.07 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2018₹2,857 Cr
Mar 2020₹3,828 Cr
Mar 2021₹4,007 Cr
Mar 2022₹4,897 Cr
Mar 2023₹5,395 Cr
Mar 2024₹6,033 Cr
Mar 2025₹6,594 Cr
Mar 2026₹7,528 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2018₹205 Cr
Mar 2020₹230 Cr
Mar 2021₹175 Cr
Mar 2022₹247 Cr
Mar 2023₹271 Cr
Mar 2024₹295 Cr
Mar 2025₹332 Cr
Mar 2026₹478 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹317 Cr +1.8% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk medium

Belrise Industries Ltd trades at ₹219.7 as of 2026-11-04 with a market cap of ₹20,563 Cr, a P/E of 39.95x, and a debt-to-equity ratio of 0.24. The company has delivered strong profit growth (23% CAGR over five years) on moderate sales growth (13% CAGR over five years), while its stock has appreciated 43% over the past year.

Bull Case 6
  • Strong profit compounding: 5-year compounded profit growth of 23% and TTM profit growth accelerating to 34%, indicating improving profitability
  • Healthy balance sheet with debt-to-equity at just 0.24, and the company has been actively reducing debt, lowering financial risk
  • ROCE stands at 14.69% as of 2026-11-04, suggesting reasonable capital efficiency for an auto-component business
  • Steady revenue expansion with 5-year compounded sales growth of 13% and TTM sales growth of 12%, reflecting consistent demand
  • Stock has delivered a 1-year CAGR of 43%, significantly outperforming broader market indices over the same period
  • 5-year average ROE of 14% shows the company has historically generated reasonable returns on shareholder equity
Bear Case 7
  • Price-to-book of 3.07x (noted at 4.05x on certain calculations) signals a rich valuation relative to net assets
  • Promoter holding declined by 5.32% over the last quarter, which may signal reduced promoter confidence or dilution
  • Working capital days have deteriorated from 43.8 days to 65.4 days, indicating a 49% increase in the cash conversion cycle and potential cash-flow pressure
  • 3-year average ROE of 13% and current ROE of 9.51% are modest, suggesting the company is not generating high returns on equity despite its premium valuation
  • Dividend yield of just 0.26% offers negligible income return to shareholders relative to prevailing risk-free rates
  • Sales growth of 12-13% trails profit growth meaningfully, raising questions about whether margin expansion is sustainable or driven by one-off factors
  • The stock is up 51% from its 52-week low of ₹145.86, and at a 39.95x P/E any earnings disappointment could trigger sharp corrections

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Belrise Industries is expanding its product portfolio through a Japanese technology tie-up for auto filtration and air intake components, which could strengthen its positioning with Indian OEMs. No headwinds surfaced in recent coverage. With only one news event to assess, the trend is stable with a mildly positive tilt as the company invests in technology upgrades for its auto parts business.

Positives 1
  • Japan tech deal for filters Nov 02

    Belrise Industries signed a License and Technical Assistance Agreement with Japan's Yamato Co., Ltd. for manufacturing rights covering air filters, oil filters, and resin air intake manifolds, with Yamato providing design, development, testing, and manufacturing support for Indian OEMs.

Neutral 1
  • Royalty fees to Yamato Nov 02

    The agreement includes royalty and technical assistance fees payable by Belrise (turnover ~₹7,500 crore) to Yamato (~₹100 crore), underscoring this is a tech-transfer arrangement rather than a revenue-sharing partnership.

Quarterly Results

₹ Cr
BELRISE quarterly results, ₹ crore
Particulars Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
19.13
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 (₹)
0.75
1.01
1
1.4
1.69
1.15
1.38
1.31
1.53
1.28

Profit & Loss

₹ Cr
BELRISE profit and loss, annual, ₹ crore
Particulars Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
—
—
—
—
—
4.54
5.11
5.38
5.5
Div. Payout %
0%
0%
0%
0%
0%
0%
11%
10%
—

Balance Sheet

₹ Cr
BELRISE balance sheet, annual, ₹ crore
Particulars Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
BELRISE cash flow, annual, ₹ crore
Particulars Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

BELRISE financial ratios, annual
Particulars Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
50
45
62
47
52
48
58
60
Inventory Days
33
40
51
41
41
47
49
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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Belrise Industries insights

62 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 61.15%
  • DIIs 13.31%
  • FIIs 12.14%
  • Public 9.71%
  • Others 3.70%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Belrise Industries

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.
Where is Belrise Industries Ltd (BELRISE) listed?
Belrise Industries Ltd trades as BELRISE on the NSE and under code 544405 on the BSE.
Which sector does Belrise Industries Ltd belong to?
Belrise Industries Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the PE ratio of Belrise Industries Ltd?
Belrise Industries Ltd trades at a PE ratio of 39.95 as of 4 Nov 2026, on earnings per share of ₹5.5, against a book value of ₹71.62 per share.
What is the 52-week high and low of Belrise Industries Ltd?
Over the last 52 weeks Belrise Industries Ltd has traded between ₹145.86 and ₹268.2 as of 4 Nov 2026.
Does Belrise Industries Ltd pay dividends?
Belrise Industries Ltd has a dividend yield of 0.26%.
What is the Return on Equity (ROE) of Belrise Industries Ltd?
Belrise Industries Ltd reported a return on equity of 12.60%. Its debt-to-equity ratio is 0.24.

Company Information

Incorporated in 1988, Belrise Industries Limited manufactures Automotive Sheet Metal and casting parts, Polymer components, Suspension, and mirror systems for automotives.

Website belriseindustries.com
CEO Mr. Shrikant Shankar Badve
Employees 2,168
Listed 28 May 2025
Face Value ₹5

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