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BelriseIndustriesLimited IPO

Belrise Industries Limited IPO
Start Date21-05-2025
Application Timing10am-5pm
Price Range₹85 - ₹90
Min Qty166
Min. Investment₹14940
Listing DateNA
Close Date23-05-2025

About Belrise Industries Limited IPO

Belrise Industries Limited, established in 1988 and headquartered in Pune, is a prominent Indian manufacturer specializing in automotive components. The company focuses on delivering safety-critical systems and engineering solutions tailored for a wide range of vehicles, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles.

Belrise boasts a diversified product portfolio that includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems. These components are essential to vehicle safety, structure, and performance, placing the company at the core of the automotive manufacturing supply chain.

The company caters to 27 leading global original equipment manufacturers (OEMs), with clients such as Bajaj Auto, Hero MotoCorp, Honda, Royal Enfield, Jaguar Land Rover, Tata Motors, and Mahindra & Mahindra. As of June 30, 2024, Belrise operates 15 advanced manufacturing plants spread across 9 cities in 8 Indian states, reflecting its strong production capabilities and nationwide presence.

Why To Invest in Belrise Industries Limited IPO

Diversified Customer Base: Strong client portfolio including top automobile brands like Bajaj, Hero, Tata Motors, Jaguar Land Rover, and more.

Strong Financial Performance: FY24 revenue stood at 7,555.67 Cr with PAT of 352.70 Cr, reflecting strong profitability and operational efficiency.

Industry Leadership: Belrise is a key player in precision sheet metal fabrication, an essential part of automotive components manufacturing.

EV-Agnostic Portfolio: Its product range is suitable for both traditional and electric vehicles, providing future-proof scalability in India’s growing EV sector.

Strong ROCE & RoNW: ROCE of 14.83% and Return on Net Worth of 13.33% as of March 2024 indicate efficient capital utilization.

Use of Proceeds: IPO funds will be used for debt repayment and general corporate purposes, potentially strengthening the balance sheet.

Financial Table
Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets6,587.696,041.655,679.155,196.07
Revenue6,064.767,555.676,620.785,410.68
Profit After Tax245.47352.70356.70307.24
Net Worth2,577.552,331.922,038.202,038.20
Reserves and Surplus2,252.242,014.432,024.161,715.31
Total Borrowing2,599.802,440.982,271.402,597.96
Strengths And Risks
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Established Industry Experience: With over 35 years in the automotive component manufacturing sector, Belrise has built a strong foundation and market credibility.
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Robust Manufacturing Network: The company operates 15 manufacturing facilities across 9 cities in 8 states, ensuring efficient supply chain management and better client servicing.
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Trusted Clientele: Belrise has long-term relationships with marquee clients like Bajaj, Hero, Honda, Tata Motors, Mahindra, and Jaguar Land Rover.
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Vertically Integrated Operations: End-to-end manufacturing capabilities enable better cost control, quality assurance, and faster product delivery.
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Focus on Innovation: Strong emphasis on engineering solutions and product innovation keeps the company competitive in a rapidly evolving market.
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EV-Compatible Product Line: The company’s largely EV-agnostic components are strategically positioned to scale with India’s growing electric vehicle market.
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Sector Dependency: Belrise’s business is closely tied to the automotive sector, making it vulnerable to industry downturns or demand fluctuations.
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Competitive Pressure: Faces intense competition from domestic and international players in the automotive components space.
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Moderate Debt Levels: A debt-to-equity ratio of 0.97 reflects manageable, but notable, reliance on borrowings.
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Fluctuating Profit Margins: With a PAT margin of 4.36%, profitability may be sensitive to raw material cost changes and economic cycles affecting auto sales.
FAQs
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