Belrise Industries share price
NSE: BELRISEBSE: 544405Auto ComponentsSmall Cap
Belrise Industries Limited · Face value ₹5 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed May 2025 · Issue price ₹90
Last close ₹211.92down ₹0.73 (0.34%)BSE ₹211.80
Share price at the NSE close on 28 Oct 2026. Previous close ₹212.65.
28 Oct: open ₹212.70, high ₹217.37, low ₹209.75
52-week range of traded prices to 28 Oct 2026
₹142.59Low, 4 Nov 2025₹268.20High, 12 Aug 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹20,496 Cr375th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 40.44
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- Shares changed
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.26%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 12.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 12.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.28
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 29,53,65837.8% delivered
About Belrise Industries
Belrise Industries Limited, with its corporate office in Pune, makes safety-critical automotive systems for two-wheelers, three-wheelers, passenger vehicles, commercial vehicles and agricultural vehicles.12 Its products include metal chassis systems, exhaust systems, polymer parts, suspension and braking systems, steering columns and battery containers.1 It has also moved into precision parts for aerospace, space and defence, and makes solar panel structures.1
Belrise reports one business segment, auto components manufacture.3 In two-wheelers, it estimates its share of India's metal components market at 24% as of March 2026.4 It also trades steel and other metals through Badve Engineering Trading FZE, a wholly owned subsidiary in Ras Al Khaimah, UAE.5 It has 24 manufacturing facilities in 11 cities across 9 states and 3 countries, including its first plant outside India, in Lille, France, and Chester Hall Precision Engineering in the United Kingdom, which machines aerostructure, aero-engine and satellite parts.678
Belrise was established in 1996, and its shares were listed on the NSE and BSE on 28 May 2025 after an initial public offering that raised ₹21,500 million.49 It bought H-One India, a maker of high-tensile steel parts, under an agreement dated 28 Mar 2025.1011 Managing Director Shrikant Shankar Badve is its first-generation promoter, and Whole-Time Director Supriya Shrikant Badve belongs to the promoter group.1213
Belrise Industries key points
Results
- In the quarter to Jun 2026, consolidated revenue from operations was ₹25,465 million, up 13% from ₹22,622 million, and profit after tax was ₹1,217 million, up 9%.14
- Manufacturing revenue, which leaves out the trading business, rose 20% to ₹21,979 million in the quarter to Jun 2026. Consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) rose 5% to ₹2,933 million, a margin of 11.5%.1516
- In the year to Mar 2026, consolidated revenue from operations rose 14.69% to ₹95,091.02 million and EBITDA was ₹11,538 million, a 12.1% margin. Net debt (borrowings less cash) was ₹5,977 million at 31 Mar 2026, after IPO proceeds repaid ₹15,960 million of debt.1718
- In the year to Mar 2026, profit after tax rose 39.79%, and adjusted profit after tax, excluding a ₹51.4 million labour code charge, rose 41% to ₹5,020 million.192021
Revenue mix
- Share of manufacturing revenue by vehicle type2223Exports were 4.5% of manufacturing revenue in the quarter to Jun 2026.
Item quarter to Jun 2026 quarter to Jun 2025 Two- and three-wheelers 81.4% 82.8% Commercial vehicles 8.5% 8.8% Passenger vehicles 4.6% 4.5% Others 5.5% 3.9% - Powertrain-agnostic products (parts that fit petrol, diesel and electric vehicles alike) brought ₹15,571 million, 70.8% of manufacturing revenue, in the quarter to Jun 2026.24
- Trading revenue, from steel and other metals, was ₹17,744.73 million in the year to Mar 2026, 18.66% of consolidated revenue.25
Plants and capacity
- Belrise has an annual production capacity of more than 90,000 tonnes, more than 450 stamping machines of up to 1,200 tonnes, more than 120 plastic processing machines of up to 1,800 tonnes, and more than 890 industrial robots.2627
- Capital expenditure was ₹5,650.09 million in the year to Mar 2026, against ₹7,382.15 million a year earlier.28
Customers and partners
- Belrise serves 38 OEMs (original equipment manufacturers, the vehicle and aircraft makers that buy its parts) across automotive and aerospace, and is engaged with 8 passenger vehicle and 5 commercial vehicle makers.2930
- On its earnings call of 17 Aug 2026, the company said it had won a chassis order from a two- and three-wheeler maker, expected to bring over ₹650 million a year from its Bangalore plant from the quarter to Mar 2027.31
- On its earnings call of 17 Aug 2026, the company said a set-up making sheet-metal assemblies for a US solar tracker maker, about 2.5 gigawatts a year, should start in the quarter to Mar 2027 and bring over ₹1,500 million a year at peak.3233
Aerospace and defence
- Belrise completed its purchase of Chester Hall Precision Engineering on 4 Apr 2026, for £13.2 million.34
- The company estimates Chester Hall's revenue for the year to Dec 2025 at about £18.5 million and its EBITDA at £2.1-2.2 million.35
- Under a French court order of 21 Jan 2026, Belrise's subsidiaries bought aerospace equipment from Société Dupuis Mécanique, a company in liquidation, for €350,000.36
- On 22 Dec 2025, Belrise signed a 3-year exclusive teaming agreement (each firm pursues the work only with the other) with Plasan Sasa of Israel for Indian defence tenders and ATEMM military vehicles, subject to annual performance reviews.3738
Merger of promoter companies
- On 31 Jan 2026, the board approved merging Badve Autocomps and Eximius Infra Tech Solutions, 2 companies owned by the promoters, into Belrise.3940
- On 3 Jul 2026, BSE and NSE issued letters with no adverse observations on the merger. As of its annual report of 8 Sep 2026, the company was preparing to seek the approval of the National Company Law Tribunal, shareholders and creditors.4140
- The company stated in its annual report for the year to Mar 2026 that it expects the merger to cut related-party transactions (dealings with promoter-owned firms) by about ₹11.5 billion and give it nearly 25% of the two-wheeler plastics market.42
What the company expects
- The company stated in its annual report for the year to Mar 2026 that its medium-term targets are mid-teens revenue growth with stable EBITDA margins, and doubling four-wheeler and commercial vehicle revenue from the year to Mar 2025.43
- The company stated in its annual report for the year to Mar 2026 that it targets aerospace, defence and space reaching 10% of manufacturing revenue in the short to medium term.4445
Recent events
- On 4 Aug 2026, Belrise announced it was buying the tipper body business (tipping cargo bodies for trucks) of Hyva India, part of JOST Werke, with 3 plants in Pune, Jamshedpur and Bangalore, for about $5.65 million, an enterprise value of about 3.60 times EBITDA.46
- On 20 Jul 2026, shares from a ₹17,000 million qualified institutions placement (a share sale to large institutional investors) were listed on the stock exchanges.47
Last updated
All 47 sources, each with its page
- 1. Annual report, 8 Sep 2026, page 154
- 2. Annual report, 8 Sep 2026, page 111
- 3. Annual report, 8 Sep 2026, page 63
- 4. Annual report, 8 Sep 2026, page 154
- 5. Annual report, 8 Sep 2026, page 156
- 6. Annual report, 8 Sep 2026, page 25
- 7. Annual report, 8 Sep 2026, page 18
- 8. Annual report, 8 Sep 2026, page 154
- 9. Annual report, 8 Sep 2026, page 51
- 10. Annual report, 8 Sep 2026, page 61
- 11. Annual report, 8 Sep 2026, page 12
- 12. Annual report, 8 Sep 2026, page 29
- 13. Annual report, 8 Sep 2026, page 395
- 14. Earnings call, 17 Aug 2026, page 8
- 15. Earnings call, 17 Aug 2026, page 8
- 16. Investor presentation, 14 Aug 2026, page 7
- 17. Annual report, 8 Sep 2026, page 155
- 18. Annual report, 8 Sep 2026, page 17
- 19. Annual report, 8 Sep 2026, page 156
- 20. Annual report, 8 Sep 2026, page 17
- 21. Investor presentation, 14 Aug 2026, page 39
- 22. Earnings call, 17 Aug 2026, page 8
- 23. Investor presentation, 14 Aug 2026, page 8
- 24. Investor presentation, 14 Aug 2026, page 8
- 25. Annual report, 8 Sep 2026, page 156
- 26. Annual report, 8 Sep 2026, page 7
- 27. Annual report, 8 Sep 2026, page 17
- 28. Annual report, 8 Sep 2026, page 162
- 29. Annual report, 8 Sep 2026, page 154
- 30. Annual report, 8 Sep 2026, page 17
- 31. Earnings call, 17 Aug 2026, page 4
- 32. Earnings call, 17 Aug 2026, page 4
- 33. Investor presentation, 14 Aug 2026, page 9
- 34. Annual report, 8 Sep 2026, page 59
- 35. Annual report, 8 Sep 2026, page 35
- 36. Exchange filing, 22 Jan 2026, page 1
- 37. Exchange filing, 23 Dec 2025, page 1
- 38. Exchange filing, 23 Dec 2025, page 3
- 39. Annual report, 8 Sep 2026, page 32
- 40. Exchange filing, 4 Jul 2026, page 1
- 41. Annual report, 8 Sep 2026, page 53
- 42. Annual report, 8 Sep 2026, page 32
- 43. Annual report, 8 Sep 2026, page 6
- 44. Annual report, 8 Sep 2026, page 19
- 45. Earnings call, 17 Aug 2026, page 11
- 46. Exchange filing, 4 Aug 2026, page 2
- 47. Annual report, 8 Sep 2026, page 51
Results
Consolidated; ₹ crore.Belrise Industries quarterly results
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,546 Crdown 0.25%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹122 Crdown 6.57%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 4.8%
Revenue by quarter
Peak revenue ₹2,553 Cr, quarter to Mar 2026; lowest ₹2,262 Cr, quarter to Jun 2025
Net profit by quarter, a loss in red
| ₹ crore | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 2,274 | 2,262 | 2,354 | 2,341 | 2,553 | 2,546 |
| Net profit | 110 | 112 | 133 | 122 | 130 | 122 |
| Net margin | 4.8% | 4.9% | 5.7% | 5.2% | 5.1% | 4.8% |
Consolidated. The 6 quarters from Mar 2025, the first on record. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹9,509 Crup 14.69%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹497 Crup 39.79%
- Net margin
- 5.2%
Revenue by year
Peak revenue ₹9,509 Cr, year to Mar 2026; lowest ₹8,291 Cr, year to Mar 2025
Net profit by year, a loss in red
| ₹ crore | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue | 8,291 | 9,509 |
| Net profit | 355 | 497 |
| Net margin | 4.3% | 5.2% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Auto Components Manufacturing, which carries all its revenue.
Valuation
Today, against the company's own history. Not shown, P/B: the share count changed after the latest balance sheet (a rights issue, a buyback, an allotment or a listing), which does not yet hold the money it brought or returned.Belrise Industries PE ratio and valuation
Price to earnings
At or below today's level on 44% of 183 trading days since Feb 2026.
LowestHighest
Its median41.00Industry median23.34
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 47% of 232 trading days over the last year.
LowestHighest
Its median0.27%Industry median0.60%
Mutual fund holdings
86 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 51 of the 57 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 86 funds holding Belrise Industries
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 24
- CutCut. Funds that held fewer shares than at the end of the month before.
- 33
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 28
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
 SBI Small Cap FundSBI Mutual Fund | 4,35,42,092 | 2.55% | ₹1,046.6 Cr |
 Nippon India Small Cap FundNippon India Mutual Fund | 97,28,130 | 0.29% | ₹233.8 Cr |
 Invesco India Small Cap FundInvesco Mutual Fund | 86,93,182 | 1.30% | ₹208.9 Cr |
| SBI Automotive Opportunities FundSBI Mutual Fund | 50,00,000 | 1.98% | ₹120.2 Cr |
 Mahindra Manulife Mid Cap FundMahindra Manulife Mutual Fund | 40,63,806 | 1.93% | ₹97.7 Cr |
 Canara Robeco Small Cap FundCanara Robeco Mutual Fund | 32,80,420 | 0.56% | ₹78.8 Cr |
| Invesco India Flexi Cap FundInvesco Mutual Fund | 31,07,161 | 1.37% | ₹74.7 Cr |
 Aditya Birla Sun Life Large & Mid Cap FundAditya Birla Sun Life Mutual Fund | 20,03,612 | 0.86% | ₹48.2 Cr |
| Aditya Birla Sun Life Small Cap FundAditya Birla Sun Life Mutual Fund | 20,03,612 | 0.79% | ₹48.2 Cr |
 ICICI Prudential Multi Cap FundICICI Prudential Mutual Fund | 18,95,830 | 0.24% | ₹45.6 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Belrise Industries insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Belrise Industries competitors and peers
Auto Components & Equipments, 155 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Belrise Industries in market cap.Automobile companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Asahi India GlassASAHIINDIA | 23,430 | 53.54 | 5.96 | +10.3% | +25.2% | 13.3% | 12.6% | 0.22% |
 Motherson Sumi Wiring IndiaMSUMI | 23,125 | 36.86 | 10.70 | +28.7% | +4.6% | 32.5% | 35.4% | 1.66% |
 Sundram FastenersSUNDRMFAST | 22,698 | 35.88 | 4.99 | +17.2% | +14.2% | 14.7% | 15.4% | 0.74% |
 SPR Auto TechnologiesSHRIPISTON | 20,864 | 37.02 | – | +35.2% | +7.4% | 21.3% | 15.7% | 0.22% |
 Tenneco Clean Air IndiaTENNIND | 17,692 | 29.45 | 14.78 | – | – | 50.2% | 69.4% | 0.00% |
 Minda CorporationMINDACORP | 15,056 | 30.05 | 5.70 | +26.6% | +95.3% | 20.7% | 13.8% | 0.22% |
 Lumax Auto TechnologiesLUMAXTECH | 13,925 | 38.39 | 9.91 | +32.8% | +71.5% | 29.5% | 22.4% | 0.27% |
 CIE Automotive IndiaCIEINDIA | 13,805 | 14.80 | 1.78 | +12.4% | +15.3% | 12.7% | 13.6% | 1.92% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Belrise Industries dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹0.55 a share, years to Mar 2025 and Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 15 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.55 |
| 22 Aug 2025 | Final | ₹0.55 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Belrise Industries announcements
Oct 2026
1 Oct · Amendment to AOA/MOA
1 Oct · Management
Sep 2026
30 Sep · Meeting
9 Sep · Analysts
8 Sep · Corporate action
Belrise Industries share price by year
Each calendar year to 2025.Belrise Industries share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 185.34 | – | 185.34 | 92.03 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2025 is from its first session, 28 May 2025.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 203.02 | 216.70 | 203.02 | 212.65 | 212.13 | 33,99,558 | 31.3% |
| 26 Oct 2026 | 204.50 | 205.59 | 194.19 | 202.44 | 199.59 | 69,64,251 | 55.6% |
| 23 Oct 2026 | 213.95 | 214.38 | 202.37 | 204.06 | 205.84 | 61,93,701 | 67.5% |
| 22 Oct 2026 | 217.98 | 219.35 | 211.28 | 214.74 | 215.04 | 19,38,822 | 31.9% |
| 21 Oct 2026 | 227.90 | 232.80 | 212.85 | 219.42 | 220.03 | 54,51,662 | 45.1% |
| 19 Oct 2026 | 231.51 | 232.45 | 225.32 | 227.20 | 228.53 | 11,81,565 | 47.0% |
| 16 Oct 2026 | 230.80 | 236.46 | 228.51 | 231.51 | 232.66 | 12,98,587 | 28.5% |
| 15 Oct 2026 | 232.00 | 235.76 | 229.18 | 229.90 | 232.06 | 12,63,791 | 45.4% |
| 14 Oct 2026 | 234.79 | 236.12 | 231.00 | 231.91 | 233.17 | 10,96,369 | 49.4% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- BELRISE
- BSE code
- 544405
- ISIN
- INE894V01022
- Industry
- Auto Components
- Website
- www.belriseindustries.com
- CIN
- L73100MH1996PLC102827
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1996
- Registered office
- Plot No D-39, MIDC Area Waluj, Aurangabad 431133, Maharashtra
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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