MarketFriction

Belrise Industries Ltd

NSE BELRISE · BSE 544405 · Auto Components & Equipments
₹237.50 -1.19%
NSE close2026-10-01
52 week range142.59 - 268.20
Market cap₹23,262 Cr.
P/E47.1
IPO 2025 · +164% since Nifty 500Nifty Smallcap 100Smallcap 250 Price band 20% Delivery 43.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,4761,4251,5901,7801,7991,7981,8021,8212,1072,088
Expenses1,2841,2091,3761,5481,5451,5421,5421,5651,8261,820
Operating Profit192215214232254255260257281268
OPM %13%15%13%13%14%14%14%14%13%13%
Other Income591429122122272018
Interest51596957446035313437
Depreciation89838183838682898792
Profit before tax588378121140130164164180156
Tax %15%21%17%25%21%21%25%29%24%27%
Net Profit49666591110103123117136114
EPS in Rs0.751.011.001.401.691.151.381.311.531.28
Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,8573,8284,0074,8975,3956,0336,5947,5287,819
Expenses2,5423,2893,4384,1704,5975,1895,6796,4766,753
Operating Profit3165395697287988439151,0531,065
OPM %11%14%14%15%15%14%14%14%14%
Other Income1563628253862659087
Interest111163197215217227228160138
Depreciation120177206245306321329344350
Profit before tax240234194293313358423638664
Tax %15%2%10%16%13%17%21%25%
Net Profit205230175247271295332478490
EPS in Rs4.545.115.385.50
Dividend Payout %0%0%0%0%0%0%11%10%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%13%12%12%
Compounded Profit Growth%23%22%34%
Stock Price CAGR%%%53%
Return on Equity%14%13%13%
Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2020202020326326445
Reserves7761,2421,4161,6851,9461,9202,2524,639
Borrowings1,5161,9732,3822,6322,3532,2542,7061,237
Other Liabilities3266777427438281,0861,2351,553
Total Liabilities2,6383,9134,5615,0805,1485,5856,5187,873
Fixed Assets1,3421,8342,0262,4582,4272,4592,7042,917
CWIP33233029512080179263240
Investments353843705321354374
Other Assets9291,7102,1982,4322,5892,9273,1974,342
Total Assets2,6383,9134,5615,0805,1485,5856,5187,873
Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity52097369756762654817
Cash from Investing Activity-550-289-439-198-360-1,019-487
Cash from Financing Activity3420339-496-328223396
Net Cash Flow511-316374-142726
Free Cash Flow67-264-133591310-19207
CFO/OP101%21%57%102%100%82%92%
Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days5045624752485860
Inventory Days3340514141474953
Days Payable3150484541546174
Cash Conversion Cycle5134654352424639
Working Capital Days7474393633303665
ROCE %11%12%12%13%13%14%
Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters73.01%73.01%66.46%66.46%66.46%61.14%
FIIs6.78%7.67%8.90%8.86%9.40%12.09%
DIIs7.12%4.00%9.27%10.16%10.00%13.12%
Public13.08%15.32%15.37%14.51%14.14%13.63%
No. of Shareholders2,23,1472,14,0672,14,9762,01,2612,15,9562,21,048

Fundamentals

Market Cap₹ 23,262 Cr.
Current Price₹ 241
Stock P/E47.1
Book Value₹ 57.1
ROCE13.8 %
ROE12.6 %
Dividend Yield0.23 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)34%
Standalone figures.
Valuation
Market capRs 15,461 Cr
Enterprise valueRs 17,485 Cr
P/E (TTM)31.54x
Price to book6.89x
Price to sales1.98x
EV / EBITDA15.17x
EV / EBIT21.81x
EV / sales2.24x
Price to cash flow20.30x
Earnings yield3.17%
Profitability
Operating margin (excl. other income)13.98%
Operating margin (incl. other income)15.01%
EBITDA margin14.74%
Pre-tax margin8.50%
Net profit margin6.27%
Net margin, latest quarter5.47%
ROE14.03%
ROCE13.26%
ROA5.50%
ROE, 3-year average14.85%
ROCE, 3-year average12.65%
ROA, 3-year average5.31%
ROE, 5-year average15.96%
ROCE, 5-year average12.67%
ROA, 5-year average5.42%
ROIC (approx.)15.52%
Tax rate17.39%
Other income / net worth2.76%
Growth
Sales growth (latest year)11.82%
Profit growth (latest year)8.83%
Sales CAGR, 3 years14.61%
Sales CAGR, 5 years16.12%
Profit CAGR, 3 years19.16%
Profit CAGR, 5 years7.63%
Sales growth QoQ-0.89%
Profit growth QoQ-16.14%
Sales growth YoY (latest quarter)16.15%
Profit growth YoY (latest quarter)11.45%
Per share
EPS (TTM)Rs 7.53
EPS (latest year)Rs 4.54
EPS (latest quarter)Rs 1.76
EPS, 3-year averageRs 86.48
EPS, 5-year averageRs 91.65
Book value per shareRs 34.49
Sales per shareRs 120.10
Cash flow per shareRs 11.70
Free cash flow per shareRs 3.18
Efficiency
Asset turnover1.08x
Fixed asset turnover2.45x
Inventory turnover8.08x
Inventory days45 days
Debtor days48 days
Debtors turnover7.55x
Creditor days74 days
Cash conversion cycle39 days
Working capital days65 days
Leverage
Total debtRs 2,254 Cr
Cash and bankRs 231 Cr
Net debtRs 2,024 Cr
Debt to equity1.00x
Net debt / EBITDA1.76x
Interest coverage5.83x
Current ratio (filing 2026-03-31)2.10x
Quick ratio (filing 2026-03-31)1.66x
Trade payables (filing 2026-03-31)Rs 1,188 Cr
Owners' fund to total sources40.20%
Debt to assets40.36%
Cash flow
Cash from Operating Activity (latest year)Rs 762 Cr
Cash from Investing Activity (latest year)Rs -360 Cr
Cash from Financing Activity (latest year)Rs -328 Cr
Net Cash Flow (latest year)Rs 74 Cr
Free cash flow (latest year)Rs 207 Cr
FCFE (approx.: FCF + change in debt)Rs 108 Cr
Cash from ops / profit, 5 years2.07x
Sales to cash flow7.92x
Statement figures
Net sales (TTM)Rs 7,819 Cr
Net sales (latest year)Rs 6,033 Cr
Sales (latest quarter)Rs 2,088 Cr
Operating profit excl. other income (latest year)Rs 843 Cr
Operating profit (latest quarter)Rs 268 Cr
Other income (TTM)Rs 87 Cr
EBITDA (TTM)Rs 1,152 Cr
PBDT (TTM)Rs 1,015 Cr
Profit before tax (TTM)Rs 664 Cr
Tax (latest year)Rs 62 Cr
Net profit (TTM)Rs 490 Cr
Net profit (latest year)Rs 295 Cr
Net profit (latest quarter)Rs 114 Cr
Depreciation (TTM)Rs 350 Cr
Depreciation (latest quarter)Rs 92 Cr
Interest (TTM)Rs 138 Cr
Cost of goods sold (latest year)Rs 4,793 Cr
Total expenditure (latest year)Rs 5,189 Cr
Total income (latest year)Rs 6,094 Cr
Share capitalRs 326 Cr
ReservesRs 1,920 Cr
Shareholders' fundsRs 2,245 Cr
Total assetsRs 5,585 Cr
Net blockRs 2,459 Cr
Capital work in progressRs 179 Cr
InvestmentsRs 21 Cr
ReceivablesRs 799 Cr
InventoryRs 594 Cr
Other liabilitiesRs 1,086 Cr
Shares outstanding (crore)65.10
Ownership
Promoter holding61.14% (-11.87 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodBELRISENifty 50Difference
1 week-2.5%-2.8% +0.3 pts
1 month+2.9%-6.8% +9.7 pts
3 months+2.9%-7.6% +10.5 pts
6 months+27.7%+0.4% +27.3 pts
1 year+47.8%-9.9% +57.7 pts
75 mutual fund schemes hold about ₹2,329 Cr. Over three months 55 bought more and 18 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Small Cap Fund2.37%1,012 -11%
Nippon India Small Cap Fund0.27%226 -10%
Invesco India Smallcap Fund1.28%202 +100%
SBI Automotive Opportunities Fund1.83%105 -20%
Mahindra Manulife Mid Cap Fund1.75%94 +45%
Invesco India Flexi Cap Fund1.26%72 -13%
Aditya Birla SL Large & Mid Cap Fund0.78%47 +100%
Aditya Birla SL Small Cap Fund0.75%47 +100%
ICICI Pru Multi Cap Fund0.23%44 -12%
Invesco India Multicap Fund0.95%43 +100%
ICICI Pru Multi Cap Fund0.23%42 -12%
Motilal Oswal Consumption Fund2.88%34 +100%
Mahindra Manulife Aggressive Hybrid Fund(M1.15%32 +100%
Motilal Oswal Business Cycle Fund2.04%32 +100%
Invesco India ELSS Tax Saver Fund0.96%26 +100%
Aditya Birla SL Transportation and Logistics Fund1.49%25 +100%
Mahindra Manulife Large & Mid Cap Fund0.82%24 +100%
Invesco India Manufacturing Fund2.37%17 +100%
JM Small Cap Fund1.69%16 +216%
JM Flexi Cap Fund0.30%16 +100%
Aditya Birla SL Special Opp Fund1.19%15 +100%
Nippon India Nifty Smallcap 250 Index Fund0.40%14 +15%
Motilal Oswal Manufacturing Fund1.99%14 +100%
Union Active Momentum Fund2.58%14 +5%
Mahindra Manulife Flexi Cap Fund0.78%12 +100%

Red flags

F-score 7 of 8
lookAuditor change Auditor change 2026-10-01: Belrise Industries Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹2,088 Cr +16.1% vs Jun 2025. Net profit ₹114 Cr +10.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-15Dividend - Re 0.55 Per Share
2025-08-22Dividend - Rs 0.55 Per Share
DateTypeWhat it says
2026-10-01Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-10-01Change in AuditorsChange in Auditors of the company.
2026-10-01Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-09Concall / analyst meetSchedule of meet
2026-09-08Record DateRecord date for the purpose of DI is 15-Sep-2026.
2026-09-08Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-09-08Change in AuditorsChange in Auditors of the company.
2026-08-27Concall / analyst meetSchedule of meet
2026-08-21Concall / analyst meetTranscript of earnings call scheduled on August 17, 2026
2026-08-20General UpdatesThe clarification on the outcome of Board Meeting
2026-08-17Concall / analyst meetLink of Recording
2026-08-14DividendRecommendation of final dividend of Rs. 0.55 (@ 11%) per equity share for the financial year ended March 31, 2026 on the equity shares issued and allo...
2026-08-14Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-14General UpdatesGeneral Updates - Monitoring Agency Report for the quarter ended on June 2026.
2026-08-14General UpdatesGeneral Updates Key Performance Indicators of the Company as a continuous disclosure requirement as per SEBI (Issue of Capital and Disclosure Requirem...
2026-08-14Press Release: Press Release pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements Regulations),...
2026-08-14Investor PresentationInvestor Presentation
2026-08-14Board meeting outcomeBelrise Industries Limited has submitted to the Exchange:1. The Unaudited Standalone and Consolidated Financial Results ( Financial Results ) for the ...
2026-08-12Concall / analyst meetSchedule of meet
2026-08-04Investor PresentationInvestor Presentation
2026-08-04Press ReleaseA press release dated August 04, 2026, titled "Belrise Industries Limited has acquired india tipper body business of Hyva (india) Pvt. Ltd.".
2026-08-04AgreementsThe Board of Directors of the Company has approved the acqusition of india tipper body business of Hyva (india) Pvt. Ltd. vide entering into Business ...
2026-07-17Committee Meeting UpdatesOutcome of Committee Meeting held on July 17, 2026. regarding allotment of equity shares under QIP.
2026-07-17General UpdatesGeneral Updates on QIP
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Belrise Industries Ltd?

Belrise Industries Ltd (BELRISE) has a market capitalisation of Rs 23,262 Cr. at the 2026-10-01 close.

What is the P/E ratio of Belrise Industries Ltd?

Belrise Industries Ltd trades at a P/E of 47.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Belrise Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Belrise Industries Ltd sales was Rs 2,088 Cr (+16.1% vs Jun 2025) and net profit was Rs 114 Cr.

What is the 52-week high and low of Belrise Industries Ltd?

The 52-week high is Rs 268.20 and the 52-week low is Rs 142.59.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03