WEBSITE BSE:544405 NSE: BELRISE Inc. Year: 1996 Industry: Auto Ancillary
Last updated: 15:59
Belrise Industries Ltd. started as Bright Brothers Auto and is a prominent maker of automotive components in India with a special expertise in plastic systems and solutions for two- and three-wheelers, passenger vehicles and commercial vehicles. Belrise has a reputation for supplying a variety of critical components, including blow-molded and injection-molded components, painted assemblies, mirrors, and polymer-based systems to leading automotive OEMs operating in India. With a history of innovation, lightweighting and cost-effective engineerin...Read More
Belrise Industries Ltd. started as Bright Brothers Auto and is a prominent maker of automotive components in India with a special expertise in plastic systems and solutions for two- and three-wheelers, passenger vehicles and commercial vehicles. Belrise has a reputation for supplying a variety of critical components, including blow-molded and injection-molded components, painted assemblies, mirrors, and polymer-based systems to leading automotive OEMs operating in India. With a history of innovation, lightweighting and cost-effective engineering, the company has recently diversified its focus into electric mobility components, which now represent a significant proportion of Its revenues. Belrise is well positioned as a strategic link in the automotive supply chain in India due to its diverse manufacturing footprint across the country, ties with OEMs and a vertically integrated design-to-delivery process for its customers. ...Read Less
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Market Cap ₹17250 Cr.
Stock P/E 48.5
P/B 3.4
Current Price ₹193.9
Book Value ₹ 57.1
Face Value 5
52W High ₹200.9
Dividend Yield 0.28%
52W Low ₹ 89.2
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Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Sales | 1526 | 1781 | 2069 | 2167 | 2274 | 2262 | 2354 | 2341 |
| Other Income | 16 | 9 | 13 | 29 | 10 | 29 | 27 | 34 |
| Total Income | 1542 | 1790 | 2082 | 2196 | 2285 | 2291 | 2380 | 2374 |
| Total Expenditure | 1348 | 1541 | 1825 | 1905 | 1998 | 1982 | 2057 | 2054 |
| Operating Profit | 195 | 249 | 257 | 291 | 286 | 310 | 323 | 321 |
| Interest | 69 | 77 | 89 | 77 | 64 | 80 | 56 | 50 |
| Depreciation | 89 | 83 | 81 | 83 | 83 | 90 | 87 | 93 |
| Exceptional Income / Expenses | -12 | 0 | 0 | 0 | 0 | 0 | 0 | -6 |
| Profit Before Tax | 25 | 89 | 86 | 131 | 139 | 140 | 181 | 171 |
| Provision for Tax | 9 | 18 | 13 | 30 | 29 | 28 | 48 | 49 |
| Profit After Tax | 16 | 72 | 73 | 101 | 110 | 112 | 133 | 122 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 0 |
| Profit After Adjustments | 16 | 72 | 73 | 101 | 110 | 112 | 133 | 122 |
| Adjusted Earnings Per Share | 0.3 | 1.1 | 1.1 | 1.5 | 1.7 | 1.3 | 1.5 | 1.4 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2190 | 2410 | 2967 | 3494 | 4082 | 4299 | 5397 | 6582 | 7484 | 8291 | 9231 |
| Other Income | 6 | 42 | 136 | 103 | 31 | 19 | 14 | 38 | 71 | 62 | 100 |
| Total Income | 2196 | 2451 | 3103 | 3598 | 4112 | 4318 | 5411 | 6621 | 7556 | 8352 | 9330 |
| Total Expenditure | 1911 | 2102 | 2632 | 3092 | 3533 | 3714 | 4642 | 5707 | 6556 | 7270 | 8091 |
| Operating Profit | 285 | 350 | 472 | 506 | 580 | 604 | 769 | 914 | 1000 | 1083 | 1240 |
| Interest | 79 | 110 | 111 | 146 | 163 | 197 | 216 | 250 | 290 | 307 | 250 |
| Depreciation | 58 | 76 | 120 | 138 | 178 | 206 | 246 | 307 | 321 | 330 | 353 |
| Exceptional Income / Expenses | 0 | -1 | -0 | -0 | 0 | -0 | 0 | 0 | -12 | 0 | -6 |
| Profit Before Tax | 148 | 162 | 240 | 221 | 239 | 201 | 307 | 357 | 376 | 446 | 631 |
| Provision for Tax | 51 | 43 | 36 | 46 | 4 | 20 | 45 | 43 | 62 | 90 | 154 |
| Profit After Tax | 96 | 119 | 204 | 175 | 235 | 181 | 262 | 314 | 314 | 355 | 477 |
| Adjustments | -5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 92 | 119 | 204 | 175 | 235 | 181 | 262 | 314 | 314 | 355 | 477 |
| Adjusted Earnings Per Share | 1.4 | 1.9 | 3.2 | 2.8 | 3.6 | 2.8 | 4 | 4.8 | 4.8 | 5.5 | 5.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 11% | 15% | 15% | 0% |
| Operating Profit CAGR | 8% | 12% | 13% | 0% |
| PAT CAGR | 13% | 11% | 9% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 14% | 15% | 15% | 19% |
| ROCE Average | 15% | 14% | 13% | 14% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 481 | 604 | 790 | 967 | 1264 | 1451 | 1736 | 2045 | 2340 | 2697 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16 |
| Borrowings | 783 | 896 | 1139 | 1361 | 1487 | 1569 | 1610 | 1245 | 1422 | 1649 |
| Other Non-Current Liabilities | 106 | 50 | 52 | 71 | 153 | 173 | 173 | 187 | 200 | 109 |
| Total Current Liabilities | 436 | 565 | 688 | 973 | 1064 | 1448 | 1713 | 2244 | 2116 | 2832 |
| Total Liabilities | 1805 | 2115 | 2668 | 3372 | 3969 | 4641 | 5231 | 5721 | 6078 | 7303 |
| Fixed Assets | 906 | 1034 | 1342 | 1638 | 1840 | 2026 | 2460 | 2429 | 2460 | 2900 |
| Other Non-Current Assets | 331 | 399 | 381 | 436 | 548 | 512 | 468 | 309 | 426 | 631 |
| Total Current Assets | 569 | 683 | 945 | 1298 | 1582 | 2102 | 2303 | 2983 | 3192 | 3761 |
| Total Assets | 1805 | 2115 | 2668 | 3372 | 3969 | 4641 | 5231 | 5721 | 6078 | 7303 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 13 | 6 | 10 | 13 | 72 | 58 | 71 | 40 | 106 | 186 |
| Cash Flow from Operating Activities | 130 | 121 | 106 | 208 | 298 | 159 | 474 | 789 | 582 | 704 |
| Cash Flow from Investing Activities | -283 | -319 | -339 | -420 | -416 | -349 | -543 | -194 | -362 | -981 |
| Cash Flow from Financing Activities | 147 | 201 | 237 | 271 | 126 | 203 | 39 | -530 | -141 | 169 |
| Net Cash Inflow / Outflow | -7 | 4 | 3 | 59 | 8 | 13 | -30 | 66 | 79 | -108 |
| Closing Cash & Cash Equivalent | 6 | 10 | 13 | 72 | 79 | 71 | 40 | 106 | 186 | 77 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.44 | 1.88 | 3.22 | 2.76 | 3.61 | 2.79 | 4.02 | 4.82 | 4.82 | 5.46 |
| CEPS(Rs) | 2.44 | 3.08 | 5.11 | 4.93 | 6.34 | 5.95 | 7.8 | 9.53 | 9.76 | 10.53 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.55 | 0.55 |
| Book NAV/Share(Rs) | 7.59 | 9.49 | 12.44 | 15.24 | 19.42 | 22.29 | 26.66 | 31.41 | 35.95 | 41.25 |
| Core EBITDA Margin(%) | 10.58 | 11.54 | 11.3 | 11.52 | 13.45 | 13.61 | 13.99 | 13.3 | 12.41 | 12.32 |
| EBIT Margin(%) | 8.61 | 10.19 | 11.83 | 10.51 | 9.86 | 9.26 | 9.69 | 9.22 | 8.9 | 9.08 |
| Pre Tax Margin(%) | 5.61 | 6.08 | 8.09 | 6.32 | 5.86 | 4.68 | 5.69 | 5.42 | 5.02 | 5.37 |
| PAT Margin (%) | 3.66 | 4.46 | 6.88 | 5.01 | 5.76 | 4.22 | 4.85 | 4.77 | 4.19 | 4.29 |
| Cash Profit Margin (%) | 5.86 | 7.32 | 10.94 | 8.96 | 10.11 | 9.01 | 9.4 | 9.43 | 8.49 | 8.26 |
| ROA(%) | 5.34 | 6.07 | 8.54 | 5.79 | 6.41 | 4.22 | 5.3 | 5.73 | 5.32 | 5.31 |
| ROE(%) | 20.06 | 22 | 29.37 | 19.91 | 21.09 | 13.37 | 16.44 | 16.6 | 14.31 | 14.15 |
| ROCE(%) | 15.56 | 16.46 | 16.89 | 14.37 | 13.31 | 11.32 | 12.86 | 14.04 | 14.65 | 14.53 |
| Receivable days | 43.66 | 43.79 | 44.77 | 51.65 | 55.24 | 62.55 | 59.45 | 61.36 | 61.15 | 62.05 |
| Inventory Days | 19.59 | 20.59 | 22.19 | 24.28 | 26.88 | 33.72 | 31.06 | 28.14 | 28.52 | 30.5 |
| Payable days | 26.13 | 20.62 | 23.7 | 37.28 | 47.25 | 50.75 | 43.95 | 51.16 | 52.29 | 50.92 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.45 | 0.52 | 0.51 | 0.51 | 0.47 | 0.53 | 0.47 | 0.33 | 0.34 | 0.37 |
| EV/Core EBITDA(x) | 3.48 | 3.59 | 3.23 | 3.54 | 3.3 | 3.76 | 3.31 | 2.35 | 2.52 | 2.84 |
| Net Sales Growth(%) | 0 | 10.04 | 23.13 | 17.77 | 16.81 | 5.32 | 25.54 | 21.97 | 13.7 | 10.78 |
| EBIT Growth(%) | 0 | 19.91 | 28.9 | 4.68 | 9.54 | -1.04 | 31.32 | 16.09 | 9.75 | 13.03 |
| PAT Growth(%) | 0 | 23.36 | 71.62 | -14.34 | 34.47 | -22.84 | 44.28 | 19.79 | 0.05 | 13.27 |
| EPS Growth(%) | 0 | 30.03 | 71.28 | -14.34 | 31.11 | -22.84 | 44.29 | 19.79 | 0.05 | 13.27 |
| Debt/Equity(x) | 2.04 | 2.07 | 1.92 | 1.9 | 1.56 | 1.62 | 1.5 | 1.11 | 1.04 | 1.08 |
| Current Ratio(x) | 1.31 | 1.21 | 1.37 | 1.33 | 1.49 | 1.45 | 1.34 | 1.33 | 1.51 | 1.33 |
| Quick Ratio(x) | 0.98 | 0.93 | 1.08 | 1.06 | 1.17 | 1.14 | 1.08 | 1.08 | 1.22 | 1.06 |
| Interest Cover(x) | 2.87 | 2.48 | 3.16 | 2.51 | 2.46 | 2.02 | 2.42 | 2.42 | 2.3 | 2.45 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|
| Promoter | 73.01 | 73.01 | 66.46 |
| FII | 6.78 | 7.67 | 8.9 |
| DII | 7.12 | 3.99 | 9.27 |
| Public | 13.09 | 15.33 | 15.37 |
| Others | 0 | 0 | 0 |
| Total | 100 | 100 | 100 |
| # | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|
| Promoter | 64.97 | 64.97 | 59.14 |
| FII | 6.04 | 6.82 | 7.92 |
| DII | 6.34 | 3.55 | 8.25 |
| Public | 11.64 | 13.64 | 13.68 |
| Others | 0 | 0 | 0 |
| Total | 88.99 | 88.99 | 88.99 |
* The pros and cons are machine generated.
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