As of 6 Nov 2026, Belrise Industries trades at 35.7× trailing earnings, above the industry P/E of 25.6×, and the shares are 20% below their 52-week high. It earns ROCE of 14% and ROE of 13%, and sales and net profit grew 14% and 17% a year over 3 years. Its dividend yield is 0.3%, and debt is 0.29× equity. It is a small-cap company with a market cap of ₹20,661 Cr, ranked 19th of 140 Auto Parts companies by market cap; the shares rose 50% over the past year.
- ₹217.18
- ₹217.97
- ₹212.18
- ₹218.18
- 13.6 L
Health check
- ReturnsAhead
+50.2% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 35.7 vs industry 25.6.
- GrowthSteady
Sales +13.5%, profit +16.6% a year over 3 years.
- ProfitabilityAverage
ROCE 14.4% vs peer median 15.6%.
- Balance sheetFair
Debt 0.29× equity, interest covered 4.1×, Piotroski 7 of 9.
- Red flags1 to check
Promoter stake down from 66.5% to 61.1%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹20,661 Cr
- Small cap
- P/E
- 35.7
- Industry 25.6
- Price to book
- 3.64
- Peers 8.75
- Dividend yield
- 0.26%
- ROE
- 12.5%
- Peers 12.3%
- ROCE
- 14.4%
- Peers 15.6%
- Debt to equity
- 0.29
- Debt ₹1,521 Cr
- EPS (TTM)
- ₹5.98
- Face value ₹5
- OPM (TTM)
- 11.9%
- Net margin 5.2%
- Sales growth
- +12.6%
- Latest quarter vs a year ago
- Profit growth
- +8.9%
- Latest quarter vs a year ago
- Price to sales
- 2.11
- EV/EBITDA 19.0
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Promoter stake down from 66.5% to 61.1%.
About Belrise Industries
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,…
- Headquarters
- Pune
- Employees
- 2,003
- Sector
- Consumer Cyclical
- ISIN
- INE894V01022
- Website
- belriseindustries.com
Price range
- Avg volume (3M)
- 33.9 L
- 1-year return
- plus 50.2%
- From 52-week high
- minus 20.3%
Analyst consensus
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| BELRISEBelrise Industries | 213.63 | minus 2.09% | 20,661 | 35.7 | 3.64 | 14.4% | 12.5% | 11.9% | 13.5% | 16.6% | 0.26% | plus 50.2% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 2,262 | 2,354 | 2,341 | 2,553 | 2,546 | |
| 1,982 | 2,057 | 2,054 | 2,263 | 2,253 | |
| 281 | 296 | 287 | 290 | 293 | |
| 12.4% | 12.6% | 12.3% | 11.4% | 11.5% | |
| 29.1 | 26.9 | 33.7 | 20.1 | 18.4 | |
| 80 | 55.9 | 50.2 | 45.5 | 46.5 | |
| 90 | 86.5 | 92.9 | 91.5 | 98.8 | |
| – | – | −6.4 | 1.3 | – | |
| 140 | 181 | 171 | 174 | 166 | |
| 20.0% | 26.4% | 28.7% | 25.4% | 26.9% | |
| 112 | 133 | 122 | 130 | 122 | |
| 1.50 | 1.63 | 1.45 | 1.53 | 1.37 |
Profit & loss
- Sales CAGR 3Y
- +13.5%
- Profit CAGR 3Y
- +16.6%
- EPS CAGR 3Y
- +18.2%
- ROE
- 12.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6,377 | 7,310 | 8,132 | 9,336 | |
| – | +14.6% | +11.2% | +14.8% | |
| 5,502 | 6,381 | 7,110 | 8,182 | |
| 876 | 929 | 1,022 | 1,154 | |
| 13.7% | 12.7% | 12.6% | 12.4% | |
| 29.6 | 33.6 | 49.6 | 93.9 | |
| 246 | 283 | 296 | 216 | |
| 307 | 321 | 330 | 361 | |
| 4.1 | 17.3 | −0.2 | −4.9 | |
| 357 | 376 | 446 | 666 | |
| 12.1% | 16.5% | 20.2% | 25.4% | |
| 314 | 314 | 355 | 497 | |
| – | 0.0% | +13.3% | +39.8% | |
| 3.52 | 3.53 | 3.99 | 5.82 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 20.3 | 325 | 325 | 445 | |
| 2,024 | 2,015 | 2,371 | 4,781 | |
| 2,353 | 2,504 | 2,964 | 1,521 | |
| 1,281 | 1,197 | 1,565 | 1,803 | |
| 5,679 | 6,042 | 7,225 | 8,550 | |
| 2,549 | 2,703 | 3,239 | 3,496 | |
| 120 | 243 | 342 | 395 | |
| 7.8 | 8.4 | 129 | 114 | |
| 139 | 186 | 77.3 | 806 | |
| 2,864 | 2,902 | 3,438 | 3,739 | |
| 5,679 | 6,042 | 7,225 | 8,550 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 789 | 582 | 704 | 876 | |
| −194 | −362 | −981 | −475 | |
| −530 | −141 | 169 | 328 | |
| 65.7 | 79.4 | −108 | 729 | |
| −234 | −452 | −868 | −618 | |
| 555 | 130 | −163 | 258 | |
| – | −2 | – | – |
Shareholding pattern
- Promoters61.15%
- Public38.85%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 61.15% | 38.85% | 0.00 | |
| 17 Jul 2026 | 61.15% | 38.85% | minus 5.31 | |
| 30 Jun 2026 | 66.46% | 33.54% | 0.00 | |
| 31 Mar 2026 | 66.46% | 33.54% | 0.00 | |
| 31 Dec 2025 | 66.46% | 33.54% | – |
Major shareholders
Filings & events
News
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