Belrise Industries Limited (BELRISE) AI Stock Analysis

• Market Cap: ₹129.34B
• Dividend Yield: 0.33%
• Average Volume (3M): 619.83K
• Price to Earnings (P/E): 24.4
• Beta (1Y): -0.03
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 2,168
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Auto - Parts
• EPS (TTM): 1.50
• Shares Outstanding: 889,879,200
• 10 Day Avg. Volume: 327,876
• 30 Day Avg. Volume: 619,826
• PEG Ratio: 1.87
• Price to Book (P/B): 3.21
• Price to Sales (P/S): 1.07
• P/FCF Ratio: -53.08
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: ₹179.00 ▲(5.36% Upside)

Belrise Industries' strong revenue growth and operational performance are significant positives. However, high leverage, negative cash flow, and potential overvaluation are key risks. The stock's bullish momentum is tempered by overbought technical indicators.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong market demand and expansion, showcasing the company's ability to capture market share and drive sales.

Operational Efficiency

Healthy EBIT and EBITDA margins suggest effective cost management and operational efficiency, which are critical for sustaining profitability.

Brand Portfolio

A strong brand portfolio with a focus on innovation and sustainability enhances customer loyalty and supports long-term growth in diverse markets.

Negative Factors

High Leverage

High leverage can increase financial risk and limit flexibility, potentially impacting the company's ability to invest in growth opportunities.

Negative Cash Flow

Negative free cash flow indicates potential liquidity issues, which could constrain the company's ability to fund operations and investments.

Declining Net Profit Margin

A declining net profit margin may signal rising costs or competitive pressures, which could erode profitability if not addressed.

Belrise Industries Limited Business Overview & Revenue Model

Company Description

Belrise Industries Limited, together with its subsidiaries, manufactures and sells automotive parts and components of two-wheeler, three-wheeler and four-wheeler passenger and commercial vehicles in India. The company offers shock absorber springs, rear and front shock absorbers, plastic and seat cowls, side dashboards, steering columns, head lamp brackets, front fenders, exhaust systems, foot rests, brake pedals, hub motors, main and side stands, chassis, front fork assembly, two-wheeler chassis sub-assemblies, BIW parts, plastic accessories, seating system parts, polymer parts, cross car beams, battery containers, air tanks, and bumpers. It also provides polymer refrigerator parts, such as fruit and vegetable trays, handles, and bases; and renewable parts, including solar panel components. In addition, the company offers press parts; two-wheeler fairings, seat and side covers, luggage boxes, helmets, and headlight housings; outer and inner rear-view mirrors for vehicles; wishbone assemblies; tri hexavalent nickel chrome plating of mild and stainless steel; automotive systems comprising clutch and pressure plates, flywheels, control arms, crankshafts, housings, hubs, and calipers; home appliances consisting of freezer grills, fridge baskets, and thermostat parts; and home security devices, including household locks and bolts, as well as operates a rose plantation. It exports its products. The company was formerly known as Badve Engineering Limited and changed its name to Belrise Industries Limited in August 2022. Belrise Industries Limited was founded in 1988 and is headquartered in Pune, India.

How the Company Makes Money

BELRISE generates revenue through multiple streams, primarily by manufacturing and selling its core products in various consumer goods categories. The company benefits from economies of scale, allowing it to maintain competitive pricing while ensuring quality. Key revenue streams include direct sales to retailers, e-commerce platforms, and wholesale distribution partnerships. Additionally, BELRISE may engage in private label manufacturing for major retail chains, providing another significant revenue source. Strategic collaborations with suppliers and distributors enhance its market reach, while ongoing investments in marketing and brand development contribute to increased sales and customer loyalty.

Belrise Industries Limited Financial Statement Overview

Summary

Belrise Industries shows strong revenue growth and healthy profitability margins, indicating robust operational performance. However, high leverage and negative free cash flow present risks that need addressing for long-term stability.

Income Statement

Belrise Industries has demonstrated impressive revenue growth, particularly with a 148.74% increase in the latest year, indicating strong market demand and expansion. The gross profit margin remains stable around 16%, while the net profit margin has slightly decreased to 4.37%. EBIT and EBITDA margins are healthy, reflecting efficient operations. However, the slight decline in net profit margin suggests rising costs or competitive pressures.

Balance Sheet

The company's debt-to-equity ratio is relatively high at 1.10, indicating significant leverage, which could pose risks if not managed carefully. However, the return on equity remains strong at 13.18%, showing effective use of equity to generate profits. The equity ratio is moderate, suggesting a balanced approach to financing with both debt and equity.

Cash Flow

Belrise Industries faces challenges with free cash flow, which has turned negative, indicating potential liquidity issues. The operating cash flow to net income ratio is low at 0.26, suggesting limited cash generation relative to profits. The negative free cash flow to net income ratio highlights the need for improved cash management strategies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	82.62B	81.32B	73.10B	63.77B	52.01B
Gross Profit	12.04B	13.16B	11.73B	10.32B	8.96B
EBITDA	10.78B	10.71B	9.80B	9.09B	7.62B
Net Income	3.55B	3.55B	3.14B	3.14B	2.62B
Balance Sheet
Total Assets	72.25B	72.25B	60.42B	56.79B	51.96B
Cash, Cash Equivalents and Short-Term Investments	773.30M	773.30M	1.86B	1.39B	472.00M
Total Debt	29.64B	29.64B	25.04B	23.53B	26.32B
Total Liabilities	45.12B	45.12B	37.01B	36.35B	34.60B
Stockholders Equity	26.97B	26.97B	23.40B	20.45B	17.36B
Cash Flow
Free Cash Flow	-1.98B	-1.63B	1.30B	5.55B	-310.16M
Operating Cash Flow	501.65M	7.04B	5.82B	7.89B	4.74B
Investing Cash Flow	-2.20B	-9.81B	-3.62B	-1.94B	-5.43B
Financing Cash Flow	586.81M	1.69B	-1.41B	-5.30B	385.74M

Belrise Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BELRISE	71 Outperform	₹129.34B	24.45	―	0.33%	―	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SURYALAXMI	55 Neutral	₹1.12B	20.39	―	―	4.60%	226.64%
EUROTEXIND	45 Neutral	₹204.57M	9.92	―	―	-53.77%	―
SVPGLOB	45 Neutral	₹784.30M	―	―	―	-85.84%	-93.11%

Belrise Industries Limited Corporate Events

Belrise Industries Announces Key Leadership Re-Appointments

Belrise Industries Limited has announced the re-appointment of Mr. Ashok Vishnu Tagare as a Non-Executive Director and Mrs. Supriya Shrikant Badve as the Whole-time Director, designated as Executive Director, effective from March 14, 2026, for a five-year term. This decision was approved at the company’s 29th Annual General Meeting. The re-appointments are part of the company’s strategic leadership continuity plan, potentially impacting its operational and governance structure positively.

Belrise Industries Announces Key Leadership Appointments

Belrise Industries Limited has announced the appointment of Mrs. Supriya Shrikant Badve as the Executive Director, effective from March 14, 2026. This decision was approved at the company’s 29th Annual General Meeting held on September 23, 2025. Additionally, Mr. Ashok Vishnu Tagare has been re-appointed as the Non-Executive Director. These leadership changes are expected to influence the company’s strategic direction and operational management over the next five years, potentially impacting its market positioning and stakeholder interests.

Belrise Industries Appoints New Auditors for Enhanced Compliance

Belrise Industries Limited has announced the appointment of M/s Makarand Lele & Co. as the secretarial auditor for a five-year term starting from the financial year 2025-26. Additionally, M/s Rajput & Associates has been appointed as cost auditors for the financial year 2025-26. These appointments, approved at the company’s 29th Annual General Meeting, are expected to enhance the company’s compliance and auditing processes, potentially strengthening its governance and operational transparency.

Belrise Industries Announces Auditor Appointments and Remuneration Ratification

Belrise Industries Limited has announced the ratification of remuneration for the appointment of M/s Rajput and Associates as cost accountants, effective from April 1, 2025. The company also informed about the appointment of M/s Makarand Lele & Co. as secretarial auditors for a five-year term starting from the financial year 2025-26. These appointments were approved at the company’s 29th Annual General Meeting held on September 23, 2025, and are part of the company’s compliance with SEBI regulations.

Belrise Industries to Attend Investors Conference in New Delhi

Belrise Industries Limited has announced its participation in an upcoming Investors Conference scheduled for September 16, 2025, in New Delhi. The event, organized by Jefferies, will involve one-on-one and group meetings where discussions will be based on publicly available information, ensuring no unpublished price-sensitive information is shared. This engagement underscores the company’s commitment to transparency and maintaining open communication with its stakeholders.

Belrise Industries Schedules Investor Meeting at Pune Plant

Belrise Industries Limited has announced an upcoming investors meeting scheduled for September 15, 2025, at their Chakan, Pune plant. The meeting will be organized by Jefferies and will involve discussions based on publicly available information, ensuring no unpublished price-sensitive information is disclosed. This event is part of the company’s compliance with SEBI regulations and aims to maintain transparency with investors and analysts.

Belrise Industries Schedules Investor Meeting at Pune Plant

Belrise Industries Limited has announced an upcoming investors meeting scheduled for September 10, 2025, at their Chakan, Pune plant. This meeting will involve discussions with investors and analysts based on publicly available information, ensuring no unpublished price-sensitive information is shared. The announcement highlights the company’s commitment to transparency and engagement with stakeholders, potentially impacting its market perception positively.

Belrise Industries Withdraws Amalgamation Scheme with H-One India

Belrise Industries Limited has announced the withdrawal of its Scheme of Amalgamation with its wholly-owned subsidiary, H-One India Private Limited. The decision to withdraw the scheme, initially filed with the National Company Law Tribunal (NCLT), was influenced by jurisdictional challenges and strategic realignment. The company plans to file a fresh application with the NCLT Mumbai Bench, indicating a shift in its operational strategy.

Belrise Industries Releases Q1 FY’26 Earnings Call Transcript

Belrise Industries Limited has released the transcript of its earnings call for the quarter ending June 30, 2025. The transcript, which accompanies the previously released audio recording, provides insights into the company’s unaudited financial results for the period. This release is part of the company’s compliance with SEBI regulations and offers stakeholders a detailed view of its financial performance and strategic direction.

Belrise Industries Releases Q1 FY26 Earnings Call Transcript

Belrise Industries Limited has released the transcript of its earnings call for the quarter ended June 30, 2025. This announcement, which follows the audio recording released earlier, provides stakeholders with detailed insights into the company’s financial performance and strategic direction. The transcript is available on the company’s website, reflecting Belrise’s commitment to transparency and investor relations.

Belrise Industries Announces Financial Results and Strategic Appointments

Belrise Industries Limited announced the approval of its unaudited financial results for the quarter ending June 30, 2025, during a board meeting on August 11, 2025. The company also revealed plans to incorporate a wholly-owned subsidiary in India and announced several key appointments, including a secretarial auditor and a cost auditor. Additionally, the board approved the re-appointment of a whole-time director and various related party transactions, along with revisions in sitting fees for directors. The company’s 29th Annual General Meeting is scheduled for September 23, 2025.

Belrise Industries Confirms Proper Utilization of IPO Funds

Belrise Industries Limited has submitted a statement regarding the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ending June 30, 2025, as per Regulation 32 of the SEBI Listing Regulations. The company raised Rs. 21,500 million through the IPO, with no deviations or variations in the use of these funds as confirmed by the Audit Committee and Crisil Rating Limited, the monitoring agency.

Belrise Industries to Establish New Subsidiary in Defence Sector

Belrise Industries Limited has announced the incorporation of a wholly-owned subsidiary in India, which will operate in the defence, space, aerospace, and allied industries. This strategic move aligns with the company’s main business line and is expected to enhance its capabilities in engineering and technology, subject to necessary regulatory approvals.