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Belrise Industries Q4 Results
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Belrise Industries posted an 11% rise in FY25 revenue, stable margins, and 13% higher PAT. Strategic acquisitions and significant debt repayment post-IPO supported growth. The stock surged over 6% after Q4 results, trading 17% above its IPO price.

Recently listed company Belrise Industries announced its Q4 Results on Monday, June 16, 2025. Following the announcement, the share price of Belrise Industries jumped over 6%. Belrise Industries made a strong entry into the Indian stock market, listing at ₹100 on the NSE, reflecting an 11% premium over its IPO price of ₹90. Currently, it is trading at a level that is 17% higher than the IPO price.

The company’s ₹2,150-crore IPO, priced between ₹85 and ₹90 per share, saw a strong response from investors, particularly institutional buyers, with the offering being oversubscribed by 41.30 times on the final day of bidding.

Financial Performance 

Belrise Industries Limited reported consolidated total revenue of ₹8,290.82 crore in FY25, reflecting an 11% increase over ₹7,484.10 crore in FY24. Gross profit stood at ₹1,579.21 crore, growing 8% from ₹1,458.71 crore in the previous year. The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) rose to ₹1,021.14 crore in FY25, up by 10% from ₹928.44 crore in FY24. 

Despite fluctuations in raw material costs and cost absorption from new facilities, EBITDA margins remained stable at 12.3%. Profit before tax increased by 19% to ₹445.58 crore, while profit after tax (PAT) stood at ₹355.44 crore, up 13% compared to ₹313.81 crore in FY24. It is worth noting that the PAT includes an exceptional loss of ₹12.26 crore. Earnings per share (EPS) improved from ₹4.8 to ₹5.5 during the year.

Segment Performance

The company’s manufacturing segment contributed ₹6,593.8 crore in FY25, an increase of 9% over ₹6,033 crore in FY24, and accounted for 80% of the total revenue. EBITDA from manufacturing rose to ₹937.2 crore, reflecting a 10% growth from ₹854.5 crore, with stable margins of 14.2%. 

A significant portion, approximately 73.2%, of the manufacturing revenue came from powertrain-neutral products, enabling the company to serve both ICE and EV platforms. 

In terms of vehicle categories, two-wheeler components made up the largest share of manufacturing revenue at 81.3%. Contributions from commercial vehicles (CVs) stood at 7.3%, passenger vehicles (PVs) at 4.4%, three-wheelers at 3.6%, and other segments accounted for 3.5%. 

Track the long term performance of Belrise Industries Share Price

Strategic Developments in FY25

  • Debt Repayment: Post IPO, the company repaid ~₹15,960 million in debt, which as per the management is likely to to the reduction in interest costs and a significant improvement in debt ratios over the year.
  • Acquisitions:

    1. Mag Filters Business: Acquired plastic component manufacturing business for ₹1,650 million, entering the air filter market.
    2. H-One India Pvt. Ltd.: Acquired a 93.37% stake for ₹1,900 million, gaining access to high-tensile steel manufacturing, 5 transfer press lines, and 65 robots. This expands Belrise’s reach in the 4W and 2W segments, adding a Japanese 4W OEM and increasing penetration with 2 other Japanese 2W OEMs.

About Company

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.

Disclaimer: The article is for informational purposes only and not investment advice.