Belrise Industries Ltd.

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belriseindustries.comBSE: 544405NSE: BELRISE

Market Cap₹ 22,090 Cr.

Current Price

High / Low₹ 268 / 140

Stock P/E45.1

Book Value₹ 71

Price to Book3.26

Dividend Yield0.24 %

ROCE13.9 %

ROE12.5 %

Face Value₹ 5

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ABOUT

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

View full sector analysis →

PROS

Company has delivered good profit growth of 22.3% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.02x)
Institutional investors have been accumulating - FII+DII up 5.5pp
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Promoter holding has decreased over last 2 years: -24.2pp
Equity base is being diluted - shares outstanding up 2087.1%
Working capital days have increased from 42 to 103 days
Recurring exceptional / one-off items are inflating headline profit
Though reporting repeated profits, the company pays out little dividend (10.2%)
Expensive relative to growth - PEG of 2.2

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesAuto Ancillary

Part ofNIFTY500MOMENTM50 NIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	MOTHERSON	163.80	39.47	172881.77	0.37	1075.66	77.48	35243.77	17.70	13.63	8.86
2.	BOSCHLTD	48900.00	61.03	144235.93	0.55	706.10	-36.74	5841.90	22.00	25.60	14.08
3.	UNOMINDA	1230.45	59.10	71054.45	0.22	315.51	2.10	5556.85	23.79	20.74	11.14
4.	TIINDIA	2685.25	85.70	51979.01	0.13	293.96	-3.04	6215.33	20.20	27.33	8.81
5.	SONACOMS	800.45	71.79	49958.36	0.42	178.51	46.67	1301.20	52.38	14.75	22.55
6.	ENDURANCE	2754.35	39.95	38743.47	0.42	2445.20	980.27	43148.90	1200.10	18.33	12.42
7.	CRAFTSMAN	11855.90	66.69	31008.43	0.09	150.55	116.31	2431.58	36.30	14.65	15.81
8.	ZFCVINDIA	2471.00	56.33	28121.34	0.03	1044.78	753.75	10661.76	992.89	20.23	12.93
9.	SANSERA	4133.05	74.02	25791.71	0.10	87.36	38.71	1021.26	33.27	14.29	19.18
10.	MSUMI	36.71	38.80	24344.83	1.58	1453.20	915.51	34072.60	1273.43	43.72	7.58
11.	GABRIEL	1361.00	81.04	24121.01	0.37	1081.26	925.35	14256.83	1055.00	26.37	11.71
12.	BELRISE	228.40	43.58	22089.75	0.24	121.67	8.94	2546.47	12.57	14.65	11.52

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,476	1,425	1,590	1,780	1,799	1,798	1,802	1,821	2,107	2,088
	1,284	1,209	1,376	1,548	1,545	1,542	1,542	1,565	1,826	1,950
Operating Profit	192	215	214	232	254	255	260	257	281	139
OPM %	13.01%	15.12%	13.44%	13.01%	14.14%	14.21%	14.41%	14.10%	13.32%	6.64%
	5	9	14	29	12	21	22	27	20	18
Interest	51	59	69	57	44	60	35	31	34	37
Depreciation	89	83	81	83	83	86	82	89	87	92
Profit before Tax	58	83	78	121	140	130	164	164	180	156
Tax %	15.44%	21.10%	16.85%	24.70%	21.01%	21.35%	25.22%	28.73%	24.22%	26.92%
Net Profit	49	66	65	91	110	103	123	117	136	114
	0.75	1.00	1.00	1.00	1.69	1.38	1.50	1.39	1.60	1.28

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,410	2,877	3,313	3,829	4,007	4,897	5,395	6,033	6,594	7,528	7,819
	2,102	2,542	2,917	3,290	3,438	4,170	4,597	5,189	5,679	6,476	6,883
Operating Profit	307	335	396	539	569	728	798	843	915	1,053	936
OPM %	12.76%	11.66%	11.95%	14.07%	14.20%	14.86%	14.78%	13.98%	13.88%	13.98%	11.97%
	42	136	108	36	28	25	38	62	65	90	87
Interest	110	111	146	163	197	215	217	227	228	160	138
Depreciation	76	120	138	177	206	245	306	321	329	344	350
Profit before Tax	163	240	219	234	194	293	313	358	423	638	664
Tax %	26.57%	14.90%	21.02%	1.62%	10.13%	15.58%	13.33%	17.39%	21.33%	25.05%	26.22%
Net Profit	120	205	173	230	175	247	271	295	332	478	490
EPS	60.62	103.00	87.00	103.00	86.00	121.00	133.00	4.54	5.11	5.38	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.75%	0.00%	10.77%	10.23%	—

COMPOUNDED SALES GROWTH

10 Years:: 13%
5 Years:: 13%
3 Years:: 12%

COMPOUNDED PROFIT GROWTH

10 Years:: 17%
5 Years:: 22%
3 Years:: 21%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 61%

RETURN ON EQUITY

10 Years:: 18%
5 Years:: 14%
3 Years:: 13%
Last Year:: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	20	20	20	20	20	20	20	325	325	445
	587	776	952	1,242	1,416	1,685	1,946	1,920	2,252	4,639
	1,139	1,394	1,665	1,939	2,236	2,444	1,994	1,960	2,276	1,144
Trade Payables	89	189	304	398	399	465	467	678	854	1,188
	287	285	383	328	493	501	762	738	886	529
Total Liabilities	2,121	2,664	3,323	3,927	4,566	5,115	5,190	5,622	6,592	7,945
	1,034	1,342	1,638	1,839	2,026	2,458	2,427	2,459	2,704	2,917
Capital Work in Progress	375	332	245	325	295	120	80	179	263	240
	70	35	37	38	43	70	53	21	354	374
	160	201	244	313	427	423	465	594	689	853
	0	0	0	0	0	0	0	799	1,045	1,239
Cash & Bank	10	11	67	71	86	64	128	231	96	785
	474	744	1,093	1,340	1,689	1,979	2,038	1,339	1,442	1,537
Total Assets	2,121	2,664	3,323	3,927	4,566	5,115	5,190	5,622	6,592	7,945

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	152	160	220	546	119	413	815	762	654	817
Cash from Investing	-320	-360	-396	-550	-289	-439	-198	-360	-1,019	-487
Cash from Financing	201	237	271	34	203	39	-496	-328	223	396
	4	1	56	5	11	-31	63	74	-142	726

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	90.62	81.65	81.66	81.66	73.01	73.01	66.46	66.46	66.46
	0.00	0.00	0.00	0.00	6.78	7.67	8.90	8.86	9.40
	0.00	0.00	0.00	0.00	7.12	4.00	9.27	10.16	10.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	9.38	18.35	18.34	18.34	13.09	15.33	15.37	14.51	14.14

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Copy of Newspaper Publication

2026-09-10 - Belrise Industries Limited has informed the Exchange about Copy of Newspaper Publication for giving Notice of 30th (Thirtieth) Annual General Meeting.

2026-09-09

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - Belrise Industries Limited has informed the Exchange about Schedule of meet

2026-09-08

Record Date

2026-09-08 - Belrise Industries Limited has informed the Exchange that Record date for the purpose of DI is 15-Sep-2026.

2026-09-08

Shareholders meeting

2026-09-08 - Belrise Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026

2026-09-08

Change in Auditors

2026-09-08 - Belrise Industries Limited has informed the Exchange regarding Change in Auditors of the company.

2026-08-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-27 - Belrise Industries Limited has informed the Exchange about Schedule of meet

2026-08-21

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-21 - Belrise Industries Limited has informed the Exchange about Transcript of earnings call scheduled on August 17, 2026

2026-08-20

General Updates

2026-08-20 - Belrise Industries Limited has informed the Exchange about the clarification on the outcome of Board Meeting

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - Belrise Industries Limited has informed the Exchange about Link of Recording

News

Recent coverage and analyst commentary for BELRISE

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