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Belrise Industries Limited
(BELRISE)
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Rating:61Neutral
Price Target:
₹249.00
▲(35.84% Upside)
Action:Reiterated
Date:08/18/26
The score is primarily supported by improving fundamentals—strong revenue growth and materially reduced leverage—tempered by weak cash-flow consistency (volatile free cash flow) and 2026 margin pressure. Technicals are mixed/neutral, while valuation is a notable headwind due to a high P/E and low dividend yield.
Positive Factors
Strong Revenue Scaling
Revenue scaling, including ~40.5% annual growth in 2026, indicates strong customer demand and expanding operating scale. Sustained sales momentum can improve fixed-cost absorption and support earnings growth, although future durability depends on protecting margins.
Negative Factors
2026 Margin Compression
Lower gross and EBITDA margins suggest rising input costs, pricing pressure or an unfavorable mix. If the compression persists, strong volume growth may translate into weaker profit expansion and reduce the sustainability of current earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Scaling
Revenue scaling, including ~40.5% annual growth in 2026, indicates strong customer demand and expanding operating scale. Sustained sales momentum can improve fixed-cost absorption and support earnings growth, although future durability depends on protecting margins.
Read all positive factors
Belrise Industries Limited (BELRISE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹239.95B
Dividend Yield0.22%
Average Volume (3M)285.06K
Price to Earnings (P/E)42.4
Beta (1Y)1.19
Revenue Growth11.64%
EPS Growth-7.97%
CountryIN
Employees2,003
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)5.87
Shares Outstanding967,151,900
10 Day Avg. Volume230,765
30 Day Avg. Volume285,056
Financial Highlights & Ratios
PEG Ratio0.71
Price to Book (P/B)3.09
Price to Sales (P/S)1.70
P/FCF Ratio62.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹280.00Price Target Upside52.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)6.95
Revenue Forecast (FY)₹108.76B
Belrise Industries Limited Business Overview & Revenue Model
Company Description
Belrise Industries Limited, operating with its subsidiaries, is a prominent manufacturer and supplier of a diverse array of automotive parts and components. The company's products cater to two-wheelers, three-wheelers, and four-wheel passenger and...
How the Company Makes Money
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Belrise Industries Limited Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
78
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 97.93B | 95.09B | 81.32B | 73.10B | 63.77B | 52.01B |
| Gross Profit | 15.09B | 9.89B | 13.16B | 11.73B | 10.32B | 8.96B |
| EBITDA | 12.48B | 11.61B | 10.71B | 9.80B | 9.09B | 7.62B |
| Net Income | 5.07B | 4.97B | 3.55B | 3.14B | 3.14B | 2.62B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 85.50B | 72.25B | 60.42B | 56.79B | 51.96B |
| Cash, Cash Equivalents and Short-Term Investments | 8.06B | 8.43B | 773.30M | 1.86B | 1.39B | 472.00M |
| Total Debt | 0.00 | 15.21B | 29.64B | 25.04B | 23.53B | 26.32B |
| Total Liabilities | -52.26B | 33.24B | 45.12B | 37.01B | 36.35B | 34.60B |
| Stockholders Equity | 52.26B | 52.26B | 26.97B | 23.40B | 20.45B | 17.36B |
Cash Flow | ||||||
| Free Cash Flow | -1.97B | 2.58B | -1.63B | 1.30B | 5.55B | -310.16M |
| Operating Cash Flow | 549.97M | 8.76B | 7.04B | 5.82B | 7.89B | 4.74B |
| Investing Cash Flow | -1.71B | -4.75B | -9.81B | -3.62B | -1.94B | -5.43B |
| Financing Cash Flow | 3.28B | 3.28B | 1.69B | -1.41B | -5.30B | 385.74M |
Belrise Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹26.88B | 14.93 | ― | 18.75% | 8.80% | 0.63% | |
70 Outperform | ₹247.72B | 40.12 | ― | 0.69% | 10.19% | 12.02% | |
67 Neutral | ₹220.19B | 36.31 | ― | 0.22% | 35.20% | 7.37% | |
65 Neutral | ₹162.32B | 31.63 | ― | 0.21% | 26.59% | 96.82% | |
61 Neutral | ₹239.95B | 42.35 | ― | 0.22% | 11.64% | -7.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹138.70B | 60.24 | ― | 0.15% | 12.46% | 9.19% |
* General Sector Average
IN:BELRISE
Belrise Industries Limited
248.75
89.94
56.63%
IN:FMGOETZE
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32.08
7.50%
IN:JBMA
JBM Auto Limited
571.90
-106.26
-15.67%
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672.85
104.52
18.39%
IN:SHRIPISTON
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4,645.30
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IN:SUNDRMFAST
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196.45
20.24%
Belrise Industries Limited Corporate Events
Belrise clarifies audit date error and XBRL mismatch in September-quarter results
Jun 28, 2026
Belrise Industries Limited has responded to queries from the National Stock Exchange regarding its September 2025 quarterly financial results under SEBI’s Regulation 33. The company clarified that its consolidated limited review report follo...
Belrise Industries posts higher FY26 revenue and profit on expanding capacity
May 25, 2026
Belrise Industries reported solid growth for the quarter and financial year ended March 31, 2026, with consolidated revenue from operations rising to ₹95.09 billion in FY26 from ₹89.91 billion in FY25 and ₹74.84 billion in FY24. ...
Belrise Industries publishes FY 2026 investor presentation for market disclosure
May 24, 2026
Belrise Industries Limited has released an investor presentation detailing its performance for the quarter and full financial year ended 31 March 2026, in line with disclosure norms under the SEBI Listing Regulations. The presentation, now availab...
Belrise Industries Delivers Strong FY26 Earnings and Deepens Aerospace Expansion
May 24, 2026
Belrise Industries reported strong financial performance for the quarter and year ended March 31, 2026, with consolidated revenue rising 12.2% year-on-year in the fourth quarter and 14.7% for the full year. Adjusted profit after tax climbed 17.2% ...
Belrise board clears plan to raise ₹2,000 crore via QIP
May 24, 2026
Belrise Industries Limited’s board has approved a plan to raise up to INR 20,000 million through the issue of equity shares or other equity-linked instruments via a qualified institutions placement. The fundraising move, which remains subjec...
Belrise Industries Clears FY26 Results, Dividend and INR 20 Billion Fundraise
May 24, 2026
Belrise Industries’ board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, along with an unmodified audit opinion. The board also recommended a final dividend of Rs. 0.55 pe...
Belrise Industries Clears FY26 Results, Dividend and Major Fundraise Plan
May 24, 2026
Belrise Industries’ board has approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with an unmodified auditor’s opinion, underscoring the company’s clean reportin...
Belrise Industries to Hold Investor and Analyst Meetings in Mumbai on May 28
May 23, 2026
Belrise Industries Limited has announced that its officials will participate in a series of one-on-one and group meetings with analysts and institutional investors in Mumbai on May 28, 2026. Organised by 360 ONE Capital and to be held at the Grand...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.