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Business Standard
16-06-2025
- Automotive
- Business Standard
Belrise Industries jumps after robust Q4 outcome
Belrise Industries rallied 4.29% to Rs 106.29 after the company reported a 722.3% jump in net profit to Rs 110.02 crore while revenue rose 49% to Rs 2,274.35 crore in Q4 March 2025 over Q4 March 2024. Q4 & FY25 financials are not comparable as it includes the acquisition of H-One India done on 28 March 2025. FY24 PAT includes a loss of Rs 12.26 crore on account of fire that broke out at the companys production plant in Khandewadi, Aurangabad. Profit before Tax surged 554.9% year-on-year to Rs 139.36 crore in Q4 March 2025. Its EBITDA rose significantly to Rs 275.98 crore, up from Rs 174.72 crore in Q4 FY24, reflecting a year-on-year growth of 58%. The EBITDA margin improved to 12.1% in Q4 FY25 from 11.4% a year ago. The company reported a 13.3% jump in net profit to Rs 355.44 crore while revenue rose 10.8% to Rs 8290.82 crore in the year ended March 2025 over the year ended March 2024. PBT rose 18.5% YoY to Rs 445.58 crore in FY25. EBITDA rise 10% YoY to Rs 1021.14 crore in FY25. Through the IPO proceeds, the company has repaid debt to the tune of ~Rs 1596 crore. This will lead to interest cost savings and significant improvement in debt ratios. 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." Belrise Industries is an integrated automotive component manufacturers with a diverse portfolio of safety-critical systems and engineering solutions. The company's shares were listed on the stock exchanges on 28 May 2025. It was listed at Rs 98.50, exhibiting a premium of 9.44% to the issue price of Rs 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 21 May 2025 and it closed on 23 May 2025. The price band of the IPO was fixed between Rs 85 and 90 per share.
Economic Times
20-05-2025
- Automotive
- Economic Times
Strategic acquisition, expanding reach key to future growth of IPO-bound Belrise
Live Events Business Valuation (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel IPO dates: May 21-23, 2025IPO price: Rs85-90Issue size: Upto Rs2,150 croreImplied market cap: Upto Rs8,009 croreFace value: Rs5Lot size: 166Retail portion: 35%Pune headquartered Belrise Industries, an auto ancillary company, plans to raise Rs2,150 crore through a fresh issue of equity to repay partial debt. The promoter group's stake will fall to 73% after the IPO from 100%. Its product portfolio consists of automotive sheet metal & casting parts, polymer components, suspension & mirror systems. Its recent acquisition of H-One India is likely to improve the product portfolio. However, its operating margin before depreciation and amortisation (EBITDA margin) has been declining since the past two years. The debt-equity ratio at around one is higher than 0.1-0.4 for some of the peers. It is expected to reduce after the IPO, which in turn may bring down interest expenses. Though the IPO valuation is cheaper than peers, investors may wait to see improved financial performance after in 1996, Belrise Industries specializes in component manufacturing for automotive & white goods industries. It has also started delivering e-mobility components & subsystems. As of March 31, 2025, the company operated 17 manufacturing facilities across 10 cities in nine states across India. As of December 31, 2024, the company serviced 29 original equipment makers (OEMs) globally. Exports contributed 25% to revenue in the nine months to December. In March 2025, Belrise acquired H-One India, a subsidiary of Japan's H-One Company, to enhance capabilities in metal stamping and fabrication for 4-Wheelers. The company plans to expand the distribution network to over 150 points across India within the next 2 grew by 18% annually to Rs7,484 crore between FY22 and FY24 while net profit rose by 9% to Rs311 crore. EBITDA margin declined gradually from 14.2% in FY22 to 12.5% in FY24. In the nine-months to December 2024, revenue grew by a modest 1% to Rs6,013.4 crore while net profit reduced by 17% to Rs245.5 crore due to higher finance cost and higher deferred tax credit in the year-ago period. EBITDA margin remained constant at 12.8%.Considering the post-IPO equity and annualised net profit for the nine months to December 2024, the company demands a price-earnings (P/E) multiple of upto 24 compared with P/Es between 42 and 80 for peers including Motherson Sumi Wiring India Minda Corporation and JBM Auto
Time of India
20-05-2025
- Automotive
- Time of India
Strategic acquisition, expanding reach key to future growth of IPO-bound Belrise
IPO dates: May 21-23, 2025 IPO price: Rs85-90 Issue size: Upto Rs2,150 crore by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Implied market cap: Upto Rs8,009 crore Face value: Rs5 Lot size: 166 Retail portion: 35% Pune headquartered Belrise Industries, an auto ancillary company, plans to raise Rs2,150 crore through a fresh issue of equity to repay partial debt. The promoter group's stake will fall to 73% after the IPO from 100%. Its product portfolio consists of automotive sheet metal & casting parts, polymer components, suspension & mirror systems. Its recent acquisition of H-One India is likely to improve the product portfolio. However, its operating margin before depreciation and amortisation (EBITDA margin) has been declining since the past two years. The debt-equity ratio at around one is higher than 0.1-0.4 for some of the peers. It is expected to reduce after the IPO, which in turn may bring down interest expenses. Though the IPO valuation is cheaper than peers, investors may wait to see improved financial performance after listing. Live Events Business Incorporated in 1996, Belrise Industries specializes in component manufacturing for automotive & white goods industries. It has also started delivering e-mobility components & subsystems. As of March 31, 2025, the company operated 17 manufacturing facilities across 10 cities in nine states across India. As of December 31, 2024, the company serviced 29 original equipment makers (OEMs) globally. Exports contributed 25% to revenue in the nine months to December. In March 2025, Belrise acquired H-One India, a subsidiary of Japan's H-One Company, to enhance capabilities in metal stamping and fabrication for 4-Wheelers. The company plans to expand the distribution network to over 150 points across India within the next 2 years. Financials Revenue grew by 18% annually to Rs7,484 crore between FY22 and FY24 while net profit rose by 9% to Rs311 crore. EBITDA margin declined gradually from 14.2% in FY22 to 12.5% in FY24. In the nine-months to December 2024, revenue grew by a modest 1% to Rs6,013.4 crore while net profit reduced by 17% to Rs245.5 crore due to higher finance cost and higher deferred tax credit in the year-ago period. EBITDA margin remained constant at 12.8%. Valuation Considering the post-IPO equity and annualised net profit for the nine months to December 2024, the company demands a price-earnings (P/E) multiple of upto 24 compared with P/Es between 42 and 80 for peers including Motherson Sumi Wiring India , Minda Corporation and JBM Auto .
