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.
Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
---|---|---|---|---|
Assets | 6,587.69 | 6,041.65 | 5,679.15 | 5,196.07 |
Revenue | 6,064.76 | 7,555.67 | 6,620.78 | 5,410.68 |
Profit After Tax | 245.47 | 352.70 | 356.70 | 307.24 |
Net Worth | 2,577.55 | 2,331.92 | 2,038.20 | 2,038.20 |
Reserves and Surplus | 2,252.24 | 2,014.43 | 2,024.16 | 1,715.31 |
Total Borrowing | 2,599.80 | 2,440.98 | 2,271.40 | 2,597.96 |
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