Incorporated in 1988, Belrise Industries Limited manufactures Automotive Sheet Metal and casting parts, Polymer components, Suspension, and mirror systems for automotives. The company is a leading automotive component manufacturer, offering safety-critical systems and engineering solutions for 2-wheelers, 3-wheelers, 4-wheelers (passenger and commercial), and agricultural vehicles. Its operations extend across India and key international markets, including Austria, Slovakia, the UK, Japan, and Thailand.
Belrise Industries Limited is an automotive component manufacturing company based in India, offering a diverse range of safety-critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. It specializes in precision sheet metal pressing and fabrication, i.e., the process of joining sheet metal components to create unified structures for assembling vehicle subsystems and bodies. The product includes metal chassis systems, polymer components, suspension systems, body-in-white components, exhaust systems, electric vehicle powertrain components, and solar panel components.
As of March 31, 2024, the company commands a 24% share of the revenue in India's two-wheeler metal components segment, placing it among the top three players in the industry. Its product lineup includes metal chassis systems, polymer components, suspension systems, body-in-white parts, and exhaust systems. With products largely powertrain-agnostic, Belrise Industries is well-positioned to serve both electric and internal combustion engine vehicles, enabling it to capitalize on the growing shift towards electric mobility.
The company's shares were listed on the stock exchanges on May 28, 2025. It was listed at ₹98.50, exhibiting a premium of 9.44% to the issue price of ₹90. The stock is currently up 18.10% over its IPO price. The initial public offer of Belrise Industries was subscribed 41.30 times. The issue opened for bidding on May 21, 2025, and it closed on May 23, 2025. The price band of the IPO was fixed between ₹85 and ₹90 per share.
Belrise Industries IPO is a main-board IPO of 23,88,88,888 equity shares of the face value of ₹5 aggregating up to ₹2,150.00 Crores. Belrise Industries IPO raises ₹645.00 Crore from anchor investors. Through the IPO proceeds, the company has repaid debt to the tune of ~₹1,596 Crore. This will lead to interest cost savings and significant improvement in debt ratios.
Belrise Industries' profit skyrocketed 574.9% year-on-year (Y-o-Y) to ₹110 Crore in Q4 FY25, from ₹16 Crore in Q4 FY24. Its revenue from operations, or topline, surged 49% Y-o-Y to ₹2,274.3 Crore in Q4 FY25, from ₹1,526.2 Crore in Q4 FY24.
At the operating level, earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 54.5% annually to ₹276 Crore in Q4 FY25, from ₹178.60 Crore in the same quarter a year ago. Subsequently, EBITDA margin expanded 40 basis points (bps) to 12.1% in Q4 FY25, from 11.7% in Q4 FY24.
The company reported a 13.3% jump in net profit to ₹355.44 Crore while revenue rose 10.8% to ₹8,290.82 Crore in the year ended March 2025 over the year ended March 2024. PBT rose 18.5% YoY to ₹445.58 Crore in FY25. EBITDA rise 10% YoY to ₹1,021.14 Crore in FY25.
"We ended FY25 with total revenue from operations of ₹8,290.8 Crore, including ₹6,593.8 Crore from manufacturing activities, supported by strong offtake in key accounts, a better product mix and improved throughput from mature plants."
Market Cap ₹9,186 Crore as of July 2025. Current Price ₹103 · High / Low ₹111 / 89.2 · Stock P/E 25.8 · Book Value ₹ (Not provided) · Dividend Yield 0.00 % ROCE 14.3 % ROE 14.1 % Face Value ₹5.00.
In 1997, the Company established a production plant in Aurangabad. In 2001, it set up another manufacturing plant for a large two-wheeler manufacturing OEM. It set up a production plant in Ranjangaon near Pune in 2004. It established a plant in Uttarakhand for a two-wheeler manufacturing OEM in 2007. The Company later ventured into four-wheeler commercial vehicles space for supply of chassis frames CV in 2010. It ventured into four-wheeler commercial vehicles parts supply space for Ashok Leyland Limited in 2011. It started supplying chassis to Honda Motors Scooters India Private Limited and components to VE Commercial Vehicles Limited in 2012. It ventured into a new product line of suspension systems with the acquisition of the suspension division from an international OEM near Pune in 2016. In 2017, the Company established a production plant facility for supplying frames and silencer parts in Gujarat. It commenced supply of components to Jaguar Land Rover Automotive PLC JLR in Europe.
Shrikant Badve, managing director of Belrise Industries, said "In FY26, the auto component industry is expected to grow at a steady pace led by 2W and PV segments. We believe Belrise is well positioned to benefit from this trend and is estimated to grow faster than the industry at mid-teen levels, supported by strong relationships Tier-1 OEMs. As we move into FY26, we remain focused on expanding our presence in the 4W and CV segments, while continuing to build on our core strengths."
"Our approach will remain anchored in product premiumization, engineering capability, and operational efficiencies ' ensuring we scale responsibly and sustainably in the years ahead." The Company ventured into the EV space with supply of suspension system in 2022. It ventured into renewable energy products and has started supplying Exhaust Systems for a CNG-powered vehicle in 2024.
June 30: Belrise approves merger of wholly owned subsidiary H-One India to streamline operations and reduce costs. June 30: Belrise approves amalgamation of wholly owned subsidiary H-One India to streamline operations and create synergies. June 28: Trading window closed from June 29, 2025, till 48 hours after board meeting on amalgamation and Q1 results.
