BELRISE

Belrise Industries Limited

Auto-components and precision engineering parts for two-wheelers, three-wheelers and four-wheelers

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

belriseindustries.com

Ask AI

Key metrics

Price as of 2026-10-16

Stock price

₹231.51

Market cap

22,391 Cr

Stock P/E

40.6

P/B

3.94

Dividend yield

0.2%

ROE (FY26)

9.5%

ROCE (FY26)

13.5%

Operating margin (FY26)

8.3%

Debt / equity (FY26)

0.28

OCF / EBITDA (FY26)

75.9%

OCF / EBITDA (3Y)

69.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

Belrise Industries makes suspension systems, sheet metal assemblies and other engineered components for vehicle makers, with two- and three-wheeler manufacturers in India as its largest customers, and is expanding into commercial-vehicle systems, renewable energy assemblies and aerospace and defence.

Company snapshot

18thBy market cap

Ranked among 94 companies in Auto Components & Equipments.

What we see

Positives

✓Debt-to-equity of 0.28x — the company is largely funded by its own money, not borrowed funds.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	2,274 Cr	2,262 Cr	2,354 Cr	2,341 Cr	2,553 Cr	2,546 Cr
Operating expenses (approx.)	1,998 Cr	1,982 Cr	2,057 Cr	2,054 Cr	2,263 Cr	2,253 Cr
EBITDA	276 Cr	281 Cr	296 Cr	287 Cr	290 Cr	293 Cr
OPM %	12.1%	12.4%	12.6%	12.3%	11.4%	11.5%
Other income	10 Cr	29 Cr	27 Cr	34 Cr	20 Cr	18 Cr
Interest	64 Cr	80 Cr	56 Cr	50 Cr	45 Cr	46 Cr
Depreciation	83 Cr	90 Cr	87 Cr	93 Cr	92 Cr	99 Cr
Profit before tax	139 Cr	140 Cr	181 Cr	171 Cr	174 Cr	166 Cr
Tax %	21.1%	20.0%	26.4%	28.7%	25.4%	26.9%
Net profit	110 Cr	112 Cr	133 Cr	122 Cr	130 Cr	122 Cr
EPS (₹)	₹1.69	₹1.50	₹1.63	₹1.45	₹1.53	₹1.37

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	5,397 Cr	6,582 Cr	7,484 Cr	8,291 Cr	9,509 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	4,642 Cr	5,707 Cr	6,560 Cr	7,270 Cr	8,355 Cr	Sign in free for the trailing twelve months
EBITDA	755 Cr	875 Cr	924 Cr	1,021 Cr	1,154 Cr	Sign in free for the trailing twelve months
OPM %	14.0%	13.3%	12.4%	12.3%	12.1%	Sign in free for the trailing twelve months
Other income	14 Cr	38 Cr	71 Cr	62 Cr	110 Cr	Sign in free for the trailing twelve months
Interest	216 Cr	250 Cr	290 Cr	307 Cr	232 Cr	Sign in free for the trailing twelve months
Depreciation	246 Cr	307 Cr	321 Cr	330 Cr	361 Cr	Sign in free for the trailing twelve months
Profit before tax	307 Cr	357 Cr	372 Cr	446 Cr	666 Cr	Sign in free for the trailing twelve months
Tax %	14.8%	12.1%	16.4%	20.2%	25.4%	Sign in free for the trailing twelve months
Net profit	262 Cr	314 Cr	311 Cr	355 Cr	497 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹4.02	₹4.82	₹4.78	₹5.46	₹5.82	Sign in free for the trailing twelve months
Dividend payout %	—	—	—	0.0%	9.9%	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	20 Cr	20 Cr	325 Cr	325 Cr	445 Cr
Reserves	1,715 Cr	2,024 Cr	2,014 Cr	2,388 Cr	4,781 Cr
Borrowings	2,598 Cr	2,271 Cr	2,441 Cr	2,900 Cr	1,439 Cr
Other liabilities	862 Cr	1,363 Cr	1,261 Cr	1,613 Cr	1,884 Cr
Total liabilities	5,196 Cr	5,679 Cr	6,042 Cr	7,225 Cr	8,550 Cr
Fixed assets (net)	2,318 Cr	2,244 Cr	2,305 Cr	2,897 Cr	3,101 Cr
CWIP	120 Cr	80 Cr	179 Cr	263 Cr	240 Cr
Investments	59 Cr	41 Cr	9 Cr	109 Cr	113 Cr
Loans & advances	—	—	—	282 Cr	194 Cr
Inventories	461 Cr	554 Cr	597 Cr	770 Cr	919 Cr
Trade receivables	934 Cr	1,280 Cr	1,228 Cr	1,591 Cr	1,754 Cr
Cash & bank	40 Cr	106 Cr	186 Cr	77 Cr	806 Cr
Other assets	1,264 Cr	1,375 Cr	1,537 Cr	1,236 Cr	1,422 Cr
Total assets	5,196 Cr	5,679 Cr	6,042 Cr	7,225 Cr	8,550 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	474 Cr	789 Cr	582 Cr	704 Cr	876 Cr
Cash from investing	-543 Cr	-194 Cr	-362 Cr	-981 Cr	-475 Cr
Cash from financing	39 Cr	-530 Cr	-141 Cr	169 Cr	328 Cr
Net cash flow	-30 Cr	66 Cr	79 Cr	-108 Cr	729 Cr
Free cash flow (OCF − Capex)	-12 Cr	624 Cr	145 Cr	-34 Cr	258 Cr

Ratios

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	12.1%	14.1%	13.9%	13.4%	13.5%
ROE %	15.1%	15.3%	13.3%	13.1%	9.5%
Debtor days	63	71	60	70	67
Inventory days	45	49	47	54	55
Days payable	53	81	61	75	79
Cash conversion cycle	54	39	45	49	43
OCF / EBITDA %	62.9%	90.2%	63.0%	69.0%	75.9%
OCF / EBITDA % (3 years)	—	—	72.3%	73.6%	69.8%
Debt / equity	1.50	1.11	1.04	1.07	0.28
Current ratio	1.35	1.34	1.52	1.34	1.97
Net debt / EBITDA	3.39	2.47	2.44	2.76	0.55