Belrise Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹20,301 Cr
- P/E
- 41.12
- ROE
- 12.59%
- PEG
- 1.91
- Price to sales
- 2.59
- Debt to equity
- 0.24
- 52W high / low
- ₹261 / ₹145
- Sales growth (5Y)
- 13.44%
- EBITDA margin
- 13.62%
- Net profit margin
- 6.40%
- Promoter holding
- 61.14%
- Sales (last year)
- ₹7,819 Cr
Incorporated in 1988, Belrise Industries Limited manufactures Automotive Sheet Metal and casting parts, Polymer components, Suspension, and mirror systems for automotives.[1]
Guidance scorecard · Q1 FY27 call
What Belrise Industries Ltd's management guided
and where it ranks in Auto Components
Auto Components
RevenueQ1 FY27 call
10–20%- Belrise targets mid-teens revenue growth with stable EBITDA margins for the overall business.
- The two-wheeler and three-wheeler segments show strong growth, driven by increased content per vehicle and new OEM engagements, with order wins exceeding INR1,550 million annually from a fast-growing two-wheeler OEM alone.
- Aerospace and defense segments are expected to be the fastest-growing, targeting at least 10% of consolidated revenues in the medium term, fueled by acquisitions and localization initiatives.
- Renewable energy segment is ramping up, with recurring revenues expected from new orders with a North American solar tracker OEM, starting Q4 FY27, and scaling beyond INR1,500 million annually.
2 more points from Belrise Industries Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Belrise Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Belrise raised approximately INR17,000 million via QIP in Q1 FY27 to support the next growth phase.
- A significant majority of these proceeds will be deployed in FY27 primarily towards high-quality inorganic opportunities and select organic growth initiatives.
- Inorganic investments will focus on aerospace, four-wheeler, and commercial vehicle segments, targeting well-run businesses with strong capabilities and customer relationships.
- Aerospace acquisitions aim to leverage India as a best-cost manufacturing base while maintaining stringent quality standards.
- Brownfield facility expansion in Bangalore is underway to support a chassis system order for a two-wheeler OEM, with production starting in Q4 FY27.
2 more points from Belrise Industries Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Belrise Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Belrise Industries has secured around INR1,550 million (INR1.55 billion) in annual revenue run rate order wins from one fast-growing two-wheeler and three-wheeler OEM, including fuel tanks, exhaust systems, and chassis systems.
- Suspension and braking system order wins from the same OEM are in addition to the INR1,550 million.
- The total order run rate with this particular OEM is approximately INR2,000 million (INR2 billion).
- Additional orders include a chassis system order from the same two/three-wheeler OEM worth over INR650 million annually.
- Won an order from a legacy three-wheeler OEM for brake assemblies (modest initial size).
- A significant order from a leading Indian commercial four-wheeler OEM for 59 unique assemblies linked to EV model localization.
- Renewable energy sector order to support 2.5 GW production, expected annual revenue over INR1,500 million.
2 more points from Belrise Industries Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Auto Components companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹3,020 Cr | 47.8 | |
| 2 | 40%+ | Flat | ₹1,998 Cr | 63.5 | |
| 3 | 40%+ | Flat | ₹428 Cr | 17.5 | |
| 4 | 20–40% | Up 2%+ | ₹25,721 Cr | 73.8 | |
| 5 | 20–40% | Up 2%+ | ₹13,417 Cr | 40.5 | |
| 6 | 20–40% | Up 0–2% | ₹23,344 Cr | 37.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingFinancials of Belrise Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Belrise Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,526 | 1,781 | 2,069 | 2,167 | 2,274 | 2,262 | 2,354 | 2,341 | 2,553 |
| Expenses + | 1,348 | 1,541 | 1,825 | 1,905 | 1,998 | 1,982 | 2,057 | 2,054 | 2,263 |
| Operating Profit | 179 | 240 | 243 | 262 | 276 | 281 | 296 | 287 | 290 |
| OPM % | 12% | 13% | 12% | 12% | 12% | 12% | 13% | 12% | 11% |
| Other Income + | 4 | 9 | 13 | 29 | 10 | 29 | 27 | 27 | 21 |
| Interest | 69 | 77 | 89 | 77 | 64 | 80 | 56 | 50 | 46 |
| Depreciation | 89 | 83 | 81 | 83 | 83 | 90 | 87 | 93 | 92 |
| Profit before tax | 25 | 89 | 86 | 131 | 139 | 140 | 181 | 171 | 174 |
| Tax % | 35% | 20% | 15% | 23% | 21% | 20% | 26% | 29% | 25% |
| Net Profit + | 16 | 72 | 73 | 101 | 110 | 112 | 133 | 122 | 130 |
| EPS in Rs | 0.25 | 1.10 | 1.13 | 1.55 | 1.69 | 1.26 | 1.49 | 1.37 | 1.46 |
Financials of Belrise Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 5,397 | 6,582 | 7,484 | 8,291 | 9,509 |
| Expenses + | 4,642 | 5,707 | 6,556 | 7,270 | 8,355 |
| Operating Profit | 755 | 875 | 928 | 1,021 | 1,154 |
| OPM % | 14% | 13% | 12% | 12% | 12% |
| Other Income + | 14 | 38 | 59 | 62 | 105 |
| Interest | 216 | 250 | 290 | 307 | 232 |
| Depreciation | 246 | 307 | 321 | 330 | 361 |
| Profit before tax | 307 | 357 | 376 | 446 | 666 |
| Tax % | 15% | 12% | 17% | 20% | 25% |
| Net Profit + | 262 | 314 | 314 | 355 | 497 |
| EPS in Rs | 4.82 | 5.46 | 5.58 | ||
| Dividend Payout % | 0% | 0% | 0% | 10% | 10% |
Financials of Belrise Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 326 | 326 | 445 |
| Reserves | 1,715 | 2,024 | 2,015 | 2,371 | 4,781 |
| Borrowings + | 2,466 | 2,353 | 2,504 | 2,964 | 1,521 |
| Other Liabilities + | 770 | 1,281 | 1,197 | 1,565 | 1,803 |
| Total Liabilities | 4,972 | 5,679 | 6,042 | 7,225 | 8,550 |
| Fixed Assets + | 0 | 2,429 | 2,460 | 2,900 | 3,104 |
| CWIP | 0 | 80 | 179 | 263 | 240 |
| Investments | 59 | 41 | 9 | 109 | 113 |
| Other Assets + | 4,913 | 3,130 | 3,393 | 3,954 | 5,093 |
| Total Assets | 4,972 | 5,679 | 6,042 | 7,225 | 8,550 |
Financials of Belrise Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 474 | 789 | 582 | 704 | |
| Cash from Investing Activity + | -543 | -194 | -362 | -981 | |
| Cash from Financing Activity + | 39 | -530 | -141 | 169 | |
| Net Cash Flow | -30 | 66 | 79 | -108 | |
| Free Cash Flow | -31 | 555 | 130 | -163 | |
| CFO/OP | 69% | 97% | 71% | 79% |
Financials of Belrise Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 63 | 71 | 60 | 70 | 67 |
| Inventory Days | 40 | 39 | 38 | 42 | 44 |
| Days Payable | 48 | 65 | 48 | 59 | 63 |
| Cash Conversion Cycle | 55 | 45 | 49 | 54 | 48 |
| Working Capital Days | 34 | 31 | 40 | 34 | 59 |
| ROCE % | 14% | 14% | 14% | 15% |
Guidance history
How Belrise Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q4 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
62 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +39.9% | 82% |
| Last 6 months | −1.1% | 52% |
| Last 3 months | −9.6% | 41% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Belrise Industries Ltd: 0.4 × 82 + 0.4 × 52 + 0.2 × 41 = 62.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Belrise Industries Ltd's management said in earlier quarters
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