Belrise Industries Ltd
NSE: BELRISE BSE: 544405Metal
Incorporated in 1988, Belrise Industries Limited manufactures Automotive Sheet Metal and casting parts, Polymer components, Suspension, and mirror systems for automotives.[1]
₹204
52W: ₹89.2 — ₹229
PE 39.7 · Book ₹54.2 · +276% vs bookMarket Cap₹18,140 Cr
Stock P/E39.7Price to Earnings
ROCE13.3%Return on Capital
ROE13.8%Return on Equity
Div. Yield0.26%Face Value ₹5
Strengths
- +Company has reduced debt.
Weaknesses
- −Stock is trading at 3.76 times its book value
- −The company has delivered a poor sales growth of 11.5% over past five years.
- −Company has a low return on equity of 13.9% over last 3 years.
- −Dividend payout has been low at 3.59% of profits over last 3 years
- −Company's cost of borrowing seems high
Shareholding Pattern
Promoters66.46%
FIIs8.86%
DIIs10.16%
Public14.51%
| Category | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoters | 73.01% | 73.01% | 66.46%▼6.6 | 66.46% |
| FIIs | 6.78% | 7.67%▲0.9 | 8.9%▲1.2 | 8.86%▼0.0 |
| DIIs | 7.12% | 4%▼3.1 | 9.27%▲5.3 | 10.16%▲0.9 |
| Public | 13.08% | 15.32%▲2.2 | 15.37%▲0.0 | 14.51%▼0.9 |
Financial Statements
| Metric | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,476 | 1,425 | 1,590 | 1,780 | 1,799 | 1,798 | 1,802 | 1,821 |
| Expenses | 1,284 | 1,209 | 1,376 | 1,548 | 1,545 | 1,542 | 1,542 | 1,565 |
| Operating Profit | 192 | 215 | 214 | 232 | 254 | 255 | 260 | 257 |
| OPM % | 13% | 15% | 13% | 13% | 14% | 14% | 14% | 14% |
| Net Profit | 49 | 66 | 65 | 91 | 110 | 103 | 123 | 117 |
| EPS ₹ | 0.75 | 1.01 | 1 | 1.4 | 1.69 | 1.15 | 1.38 | 1.31 |
AI Insights
Revenue Trend
TTM revenue at ₹7,220Cr, up 9.5% YoY. OPM at 14%.
Debt Position
Borrowings at ₹1,151Cr. Debt-to-equity ratio: 0.26x. Healthy balance sheet.
Capex Cycle
CWIP at ₹236Cr (8% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 10.16% (+3.04pp change). FIIs: 8.86% (+2.08pp change). Promoters hold 66.46%.
Margin & Efficiency
ROCE improving from 0% (Mar 2018) to 13% (Mar 2025). Working capital days: 36.
Valuation
PE 39.7x with 13.3% ROCE. Price is 276% above book value of ₹54.2. Dividend yield: 0.26%.
Recent Announcements
- Statement Of Deviation & Variation 2d - Belrise filed Q4 FY26 IPO fund utilisation statement; no deviation, with Rs 21,500 million raised.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 2d - CRISIL report for quarter ended March 31, 2026 found IPO proceeds largely utilized, with Rs 438.68 million unutilized.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr - Belrise Industries Limited has submitted to the exchange, confirmation certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended …
- Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015, As Amended - Issuance Of Corporate Guarantee 8 Apr - Belrise issued GBP 1,38,60,000 corporate guarantee for UK subsidiary's ICICI Bank loan.
- Regulation 30 Of The SEBI (LODR) Regulations, 2015, ('SEBI Listing Regulations') Read With Para B Of Part A Of Schedule III 4 Apr - Belrise issued corporate guarantee for GBP 1.98 million deferred consideration in Chester Hall acquisition.
- Financial Year 2025 from bse
- Financial Year 2025 from nse
- Rating update 27 Mar from crisil