Belrise Industries Limited (BELRISE) AI Stock Analysis

• Market Cap: ₹157.82B
• Dividend Yield: 0.33%
• Average Volume (3M): 619.83K
• Price to Earnings (P/E): 33.8
• Beta (1Y): 1.19
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 2,168
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Auto - Parts
• EPS (TTM): 1.40
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 5.85
• Revenue Forecast (FY): ₹94.45B

• Rating: 71 Outperform
• Price Target: ₹209.00 ▲(14.02% Upside)
• Action: N/A Date: 09/25/25
• Date: Action: N/A 09/25/25

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

Strong revenue growth

A 148.74% revenue jump signals durable demand expansion or successful market share gains rather than a fleeting uptick. Sustained top-line growth provides scope to scale operations, invest in capacity or R&D, and absorb cost pressures, supporting medium-term business resilience.

Stable gross and healthy operating margins

Stable gross margins near 16% plus healthy EBIT/EBITDA margins indicate structural cost control and operational efficiency. This margin base supports reinvestment and buffers against cyclical downturns in auto parts, making profitability more predictable over the coming months.

Solid return on equity and balanced financing

ROE of 13.18% reflects effective use of shareholder capital to generate profits. A moderate equity ratio implies management uses both debt and equity, enabling growth while retaining capital flexibility; this financing mix can support expansion without extreme dilution.

Negative Factors

High leverage

A 1.10 debt-to-equity ratio denotes significant leverage that elevates interest and refinancing risk, particularly if macro rates rise or cash generation softens. High leverage reduces strategic flexibility and increases vulnerability to cyclical shocks in the auto-parts sector.

Negative free cash flow

Negative free cash flow and an operating cash flow to net income ratio of 0.26 show earnings are not converting into cash efficiently. This strains liquidity, limits capacity for capex or debt paydown, and heightens the need for working-capital or structural cash-management fixes.

Declining net profit margin

A drop to a 4.37% net margin signals margin compression versus prior periods. Persisting downward pressure could erode cash flow and returns, limiting reinvestment and making the business more sensitive to raw-material or pricing pressures common in auto-parts supply chains.

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

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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	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	67.66B	81.32B	73.10B	63.77B	52.01B
Gross Profit	10.66B	13.16B	11.73B	10.32B	8.96B
EBITDA	8.96B	10.71B	9.80B	9.09B	7.62B
Net Income	3.44B	3.55B	3.14B	3.14B	2.62B
Balance Sheet
Total Assets	80.87B	72.25B	60.42B	56.79B	51.96B
Cash, Cash Equivalents and Short-Term Investments	4.08B	773.30M	1.86B	1.39B	472.00M
Total Debt	14.18B	29.64B	25.04B	23.53B	26.32B
Total Liabilities	31.17B	45.12B	37.01B	36.35B	34.60B
Stockholders Equity	49.71B	26.97B	23.40B	20.45B	17.36B
Cash Flow
Free Cash Flow	-1.97B	-1.63B	1.30B	5.55B	-310.16M
Operating Cash Flow	549.97M	7.04B	5.82B	7.89B	4.74B
Investing Cash Flow	-1.71B	-9.81B	-3.62B	-1.94B	-5.43B
Financing Cash Flow	3.28B	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	₹157.82B	33.80	―	0.33%	―	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SURYALAXMI	55 Neutral	₹991.04M	53.55	―	―	4.60%	226.64%
EUROTEXIND	43 Neutral	₹129.06M	-3.16	―	―	-53.77%	―
SVPGLOB	39 Underperform	₹328.90M	-0.22	―	―	-85.84%	-93.11%

Belrise Industries Limited Corporate Events

Belrise Industries Raises Rs. 100 Crore via Unlisted A1+ Rated Commercial Paper

Belrise Industries Limited has raised Rs. 100 crore through the private placement of commercial paper, continuing its earlier funding program disclosed at the end of January 2026. The instrument carries a 12-month tenure, an 8% annual coupon, and has been allotted to Karur Vysya Bank Limited with a Crisil A1+ rating, indicating strong short-term credit quality despite the paper not being listed and being unsecured.

The commercial paper was allotted on March 20, 2026, and will mature on March 20, 2027, with both interest and principal payable in a bullet repayment at maturity. This funding move enhances the company’s short-term liquidity and financial flexibility, signaling confidence from institutional lenders and rating agencies, and may support ongoing operational or working capital needs without creating encumbered assets.

Belrise Industries to Acquire UK Aerospace Precision Engineer Chester Hall

Belrise UK Holdings Limited, a step-down wholly owned subsidiary of Belrise Industries, has signed a share purchase agreement to acquire 100% of Chester Hall Precision Engineering Holdings Limited in the U.K. Chester Hall and its subsidiary generate turnover of about GBP 19.95 million and specialize in precision engineering, manufacturing and supplying parts and systems for aerospace, aviation, space and defense clients.

The all-cash deal, executed on an arm’s length basis and not classified as a related-party transaction, is intended to accelerate Belrise Industries’ strategic push into the aerospace and defense sector and deepen its global reach. Completion is expected within 20 business days of signing, and the acquisition is positioned to enhance the company’s technological capabilities and diversify revenue streams without requiring specific regulatory approvals.

Belrise Buys UK’s Chester Hall to Enter Global Aerospace Supply Chain

Belrise Industries has announced that its step‑down wholly owned subsidiary, Belrise UK Holdings Limited, has signed a definitive agreement to acquire 100% of Chester Hall Precision Engineering Holdings, a U.K.‑based precision engineering group serving global aerospace, space and defence customers. Chester Hall specializes in machining aerostructures, aero‑engine components and satellite parts using advanced alloys such as titanium and high‑grade aluminium, and is a single‑source supplier on many key programs for major aircraft and space OEMs.

The transaction values Chester Hall at an enterprise value of £13.2 million on revenues of about £18.5 million, implying an EV/EBITDA multiple of 6x, and is expected to be immediately accretive to Belrise’s earnings per share and return on capital employed. By integrating Chester Hall’s advanced aerospace precision capabilities and certifications with Belrise’s large‑scale manufacturing base in India and France, the deal marks a strategic entry into the global aerospace and defence supply chain and supports Belrise’s ambition to build a diversified global engineering group and strengthen India’s role in international aerospace manufacturing.

Belrise Industries Publishes Investor Presentation on Chester Hall Acquisition

Belrise Industries Limited has notified the stock exchanges that it has prepared an investor presentation regarding its acquisition of Chester Hall Precision Engineering Holding. The presentation, which outlines key details of the transaction, has been filed under disclosure regulations and made available on the company’s website for investors and other stakeholders.

By formally disclosing the acquisition presentation under SEBI’s Listing Obligations and Disclosure Requirements, Belrise signals the strategic importance of the Chester Hall deal to its growth plans and corporate developments. The move enhances transparency around the transaction and provides the market with structured information on the acquisition’s potential implications for the company’s operations and shareholder value.

Belrise Industries Posts Strong Q3 FY26 Results, Makes First Aerospace Acquisition

Belrise Industries reported robust unaudited consolidated results for the quarter and nine months ended 31 December 2025, with Q3 FY26 revenue up 8% year-on-year to ₹23,405.2 million and profit before tax surging 35.9%. For the nine-month period, revenue rose 15.6% to ₹69,562.7 million, EBITDA increased nearly 16%, and adjusted profit after tax climbed 51.3%, supported by strong manufacturing performance, higher margins and a predominantly powertrain-neutral product mix. Exports accounted for around 6% of manufacturing revenue, while return on average capital employed reached 15.1%, underscoring improving capital efficiency and supporting Belrise’s positioning as a resilient supplier amid industry transition. The company also completed its first international acquisition in the aerospace segment, buying European high‑precision parts maker SDM for €0.35 million, gaining entry into the supply chains of major global commercial and fighter aircraft manufacturers and marking a strategic expansion beyond automotive into aerospace and defense.

Belrise Industries Publishes Investor Presentation for Nine Months Ended December 31, 2025

Belrise Industries Limited has released an investor presentation detailing its financial and operational performance for the quarter and nine months ended December 31, 2025, in line with disclosure requirements under SEBI’s Listing Obligations and Disclosure Requirements Regulations. The presentation, now available in the investor relations section of the company’s website, is intended to update shareholders and market participants on the company’s recent performance and reinforces its commitment to transparent and timely communication with the capital markets.

Belrise Industries Unveils Amalgamation Plan to Simplify Group Structure

Belrise Industries Limited has released an investor presentation detailing a proposed scheme of amalgamation under which Badve Autocomps Private Limited and Eximius Infra Tech Solutions Private Limited will be merged into Belrise, with the transaction structured as an amalgamation among the three entities and their respective shareholders. The move, presented as a step toward simplifying the group’s structure, is expected to streamline the corporate framework of Belrise, potentially improving transparency and operational efficiency for investors and other stakeholders, with the materials made available through stock exchange filings and the company’s website.

Belrise Industries Sets Q3 & 9M FY26 Earnings Call for February 2

Belrise Industries Limited has scheduled an earnings conference call with analysts and investors on February 2, 2026, at 9:30 a.m. IST, following a board meeting on January 31, 2026 to consider the company’s standalone and consolidated financial results for the quarter ended December 31, 2025. Senior management, including the managing director, key strategy and general management executives, the chief financial officer, and the chief marketing officer, will participate in the Q3 and nine-month FY26 call, underscoring the company’s efforts to maintain transparent communication with the market and provide detailed updates to stakeholders on its financial and strategic performance.

Belrise Buys Aerospace Assets in French Liquidation to Accelerate Defence Push

Belrise Industries Limited has acquired aerospace-related equipment worth €350,000 through its subsidiaries in a court-supervised liquidation sale of French company SAS Société Dupuis Mécanique, approved by the Commercial Court of Arras. The transaction, executed in the ordinary course of the subsidiary’s business and not classified as a related-party deal, is intended to fast-track Belrise’s entry into the aerospace and defence arena by enabling immediate collaboration with established aerospace OEMs and Tier-1 suppliers in Europe, signaling a strategic diversification and strengthening of its industrial footprint in a high-value segment.

Belrise Industries, Plasan Sasa Sign Exclusive Pact to Localise ATEMM Defence Platforms in India

Belrise Industries has entered into an exclusive three-year teaming and strategic agreement with Israel’s Plasan Sasa to collaborate on technical and business development, jointly pursuing defence tenders from India’s Ministry of Defence, public sector undertakings, paramilitary forces and other government agencies. The partnership centers on adapting and producing Plasan’s ATEMM all-terrain electric mission module for the Indian military market, supports India’s Make in India and Atmanirbhar Bharat initiatives through localisation and technology transfer, and is expected to position Belrise as a prime source of subsystems and systems within Plasan’s global supply chain, strengthening both companies’ roles in India’s defence ecosystem and their international operations.