Belrise Industries Limited
Founded in 1988, Belrise Industries Limited specializes in manufacturing automotive components, including sheet metal, polymer parts, and suspension systems. The company serves various vehicle types and operates in India and key international markets.
What Belrise files
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Belrise Industries' Board proposed a final dividend of Rs. 0.55 (11%) per equity share for FY26, including shares issued under QIP. This dividend is contingent on shareholder approval at the upcoming AGM.
Belrise Industries confirms IPO proceeds utilization. The Rs 2,150 Cr IPO saw Rs 1,596.02 Cr for debt repayment fully used. General Corporate Purposes (GCP) utilized Rs 36.42 Cr for working capital this quarter. Remaining unutilized proceeds total Rs 6.82 Cr, fully in line with disclosures.
Belrise Industries reported Q2 revenue up 12.57% to ₹2,546.47 Cr. PAT increased to ₹121.67 Cr, though margins saw slight compression. The company expanded operations, increasing manufacturing plants to 27, with India's revenue contribution rising significantly.
Belrise Industries announced strong financial results for the quarter. PBT rose 19.2% to ₹166.4 Cr, with manufacturing revenue up 20%. A ₹1,700 Cr QIP strengthened finances. New orders across automotive and renewable energy, plus Hyva India's tipper business acquisition, enhance market presence and capabilities.
Belrise Industries acquired Hyva India's Tipper Body business for ~₹46.9 Cr. This strategic move strengthens Belrise as a Tier-0.5 commercial vehicle supplier, expanding its presence in construction, mining, and infrastructure, adding new facilities and a key European OEM.