BELRISE INDUSTRIES LIMITED
₹206.50-₹3.95 (-1.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹15,642 Cr
- P/E
- 36.6x
- EV / EBITDA
- 19.1x
- Revenue
- ₹6,594 Cr
- Net margin
- 4.9%
- ROCE
- 18.7%
Price chart
Technical chartScreen technicals →+36.8% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -14.0%
- 3M
- -11.3%
- 6M
- -3.0%
- 1Y
- +36.8%
- 5Y
- +120.3%
52-week range
Day change -₹3.95 (-1.9%) from ₹210 to ₹207 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in BELRISE, bought on each weekday since 2025.
AI Summary
Indian StockStrengths1
- Large-cap with ₹15.6K Cr market capitalisation
Concerns1
- Negative free cash flow (₹365 Cr)
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Industrials
- Shares outstanding
- 88.9 Cr shares
- ISIN
- INE894V01022
- BSE code
- 544405
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹15,642 Cr
- P/E
- 36.6x
- P/B
- 3.2x
- EV / EBITDA
- 19.1x
- EV / Sales
- 2.9x
- P/S
- 2.6x
- Earnings yield
- 2.7%
- 52-week high
- ₹261.45
- 52-week low
- ₹145.10
Profitability
- Operating margin
- 14.0%
- Net margin
- 4.9%
- EBITDA margin
- 15.0%
- ROE
- 13.1%
- ROCE
- 18.7%
- ROA
- 5.3%
- Dividend payout
- 0.0%
- Tax rate
- 17.0%
- Other income, % of PBT
- 17.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹6,594 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.3%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹905 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.1%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹762 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹142 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.5%
Solvency and efficiency
- Current ratio
- 2.71
- Debt / Equity
- 1.00
- Debt / Assets
- 0.40
- Debt / EBITDA
- 2.49
- Interest coverage
- 3.71
- Financial leverage
- 2.49
- CFO / Net profit
- 2.58
- Cash / Market cap
- 18.7%
- Cash per share
- ₹32.93
- Asset turnover
- 1.08
- Fixed asset turnover
- 2.45
- Capital intensity
- 0.41
- Debtor days
- 48 days
- Inventory turnover
- 7.77
- Cash conversion cycle
- 42 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹5 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹5,679 Cr |
| Sales | Operating profit | ₹915 Cr |
| Operating profit | Interest | ₹228 Cr |
| Operating profit | Depreciation | ₹329 Cr |
| Operating profit | Profit before tax | ₹358 Cr |
| Other income | Profit before tax | ₹65 Cr |
| Profit before tax | Tax and other | ₹91 Cr |
| Profit before tax | Net profit | ₹332 Cr |
Revenue and net profit
Revenue grew 9.3% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹4,007 Cr | ₹175 Cr |
| FY2022 | ₹4,897 Cr | ₹247 Cr |
| FY2023 | ₹5,395 Cr | ₹271 Cr |
| FY2024 | ₹6,033 Cr | ₹295 Cr |
| FY2025 | ₹6,594 Cr | ₹332 Cr |
Cash flows
FY2025: ₹654 Cr from operations, -₹365 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹97 Cr | -₹192 Cr |
| FY2022 | ₹369 Cr | -₹70 Cr |
| FY2023 | ₹756 Cr | ₹558 Cr |
| FY2024 | ₹762 Cr | ₹402 Cr |
| FY2025 | ₹654 Cr | -₹365 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹6,594 Cr+9.3%1Y
- Net profit
- ₹332 Cr+12.5%1Y
- Cash from operations
- ₹654 Cr
- Free cash flow
- -₹365 Cr-190.8%1Y
- Revenue CAGR, 5Y
- 9.5%
- EBITDA CAGR, 5Y
- 9.5%
- Net profit CAGR, 5Y
- 5.1%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹6,594 Cr | ₹915 Cr | — | ₹332 Cr | ₹654 Cr | -₹365 Cr | 12.9% | +9.3% | +12.5% |
Monthly returns
Month-by-month returns of BELRISE across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹6,518 Cr |
| Equity capital | ₹326 Cr |
| Reserves | ₹2,252 Cr |
| Borrowings | ₹2,706 Cr |
| Other liabilities | ₹1,235 Cr |
| Assets | ₹6,518 Cr |
| Fixed assets | ₹2,704 Cr |
| Capital work in progress | ₹263 Cr |
| Investments | ₹354 Cr |
| Other assets | ₹3,197 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
BELRISE trades at 36.6x earnings against a peer median of 38.3x.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| BELRISE INDUSTRIES LIMITEDBELRISEthis company | ₹15,642 Cr | 36.6x | 3.2x | 13.1% | 19.1x |
| Triveni Turbine LimitedTRITURBINE | ₹16,296 Cr | 46.7x | 14.6x | 27.3% | 52.4x |
| Great Eastern Shipping Co. Ltd.GESHIP | ₹15,799 Cr | 10.6x | 1.2x | 22.4% | 5.6x |
| Carborundum Universal Ltd.CARBORUNIV | ₹15,452 Cr | 44.0x | 5.7x | 15.2% | 28.3x |
| IRCON International LtdIRCON | ₹15,262 Cr | 22.0x | 2.4x | 15.0% | 10.9x |
| SCHNEIDER ELECTRIC INFRASTRUCTURE LIMITEDSCHNEIDER | ₹15,036 Cr | 61.2x | 22.9x | 81.1% | 51.1x |
| LMW LimitedLMW | ₹15,019 Cr | 98.8x | 5.1x | 13.9% | 25.4x |
| BEML LtdBEML | ₹14,690 Cr | 48.4x | 5.3x | 10.7% | 27.7x |
| Data Patterns (India) LimitedDATAPATTNS | ₹14,502 Cr | 62.1x | 9.4x | 13.7% | 53.2x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
BELRISE since 1 January, against earlier years.
Historical volatility
BELRISE's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 14.0% |
| FY2022 | 15.0% |
| FY2023 | 15.0% |
| FY2024 | 14.0% |
| FY2025 | 14.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹6,594 Cr |
| Costs | |
| Interest | ₹228 Cr |
| Expenses | ₹5,679 Cr |
| Operating profitOperating Profit | ₹915 Cr |
| Other income and charges | |
| Profit before tax | ₹423 Cr |
| Tax | |
| Net profitNet Profit | ₹332 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹6,518 Cr |
| Equity capitalEquity Capital | ₹326 Cr |
| Reserves | ₹2,252 Cr |
| Borrowings | ₹2,706 Cr |
| Other liabilitiesOther Liabilities | ₹1,235 Cr |
| AssetsTotal Assets | ₹6,518 Cr |
| Fixed assetsFixed Assets | ₹2,704 Cr |
| Capital work in progressCWIP | ₹263 Cr |
| Investments | ₹354 Cr |
| Other assetsOther Assets | ₹3,197 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹654 Cr |
| Investing cash flowCash from Investing Activity | -₹1,019 Cr |
| Financing cash flowCash from Financing Activity | ₹223 Cr |
| Change in cashNet Cash Flow | -₹142 Cr |
Learn while you research
Academy chapters picked for BELRISE INDUSTRIES LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 36.6, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read