In Week of Mar 28, 2026, Belrise Industries Ltd (Auto Ancillaries - 2 Wheelers) is outperforming Nifty 500 with +17.4% relative strength. Fundamentals: Average. On a 9-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: Post-merger integration expected to deliver ₹10,000 cr incremental revenue with margin uplift from internal R&D networks
Impact: +₹10000 Cr revenue
“We expect an incremental 10 billion INR of revenue to be added to Belrise along with a margin uplift driven by the internal R&D networks.”
What: Manufacturing EBITDA margins expanded to 14% with ₹2,579 million EBITDA up 11% YoY
Impact: +₹18660 Cr revenue
“Manufacturing EBITDA stood at INR 2,579 million up 11% YoY and manufacturing EBITDA margins stood at 14%.”
Earnings deceleration risks from management commentary
Trigger: Continued flat volumes from major customers
Impact: -150 bps margin impact
Management view: So if you even look at the volumes of our top four customers in the two segments, even their volumes have largely remained flat on a sequential...
Monitor: Top customer volume trends
Trigger: Further regulatory changes affecting employee benefits
Impact: -50 bps margin impact
Management view: Adjusted PAT which is excluding the exceptional item expense of rupees 64.1 million related to increase in employee benefit obligations resulting from the change in the labor law by government of India
Monitor: Regulatory changes in labor laws
Key quotes from recent conference calls
“We expect an incremental 10 billion INR of revenue to be added to Belrise along with a margin uplift driven by the internal R&D networks. — Management”
“Manufacturing EBITDA stood at INR 2,579 million up 11% YoY and manufacturing EBITDA margins stood at 14%. — Swastid (CFO)”
“So we were around 15,85 million in the quarter 2 of FY26 and right now we're at around 15,41 million in quarter 3 FY26. So if you even look at the volumes of our top four customers in the two segments, even their volumes have largely remained flat on a sequential... — Management”
“Adjusted PAT which is excluding the exceptional item expense of rupees 64.1 million related to increase in employee benefit obligations resulting from the change in the labor law by government of India INR 1,268 million up 26% YoY INR 106 million and PAT margin stood at 5.2%. — Swastid (CFO)”
Forward-looking targets from management for Next 2-4 quarters
Implied PAT Growth
26%
Key Milestones
• Merger integration delivering ₹10,000 cr revenue uplift
• Margin expansion through internal R&D networks
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +8% | +15% | Decelerating |
| PAT (Net Profit) | +21% | +11% | Stable |
| OPM | 12.0% | 0 bps | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Belrise Industries Ltd's latest quarterly results (Dec 2025) show
Belrise Industries Ltd's profit is growing with an stable trend.
Belrise Industries Ltd's revenue growth trend is decelerating.
Belrise Industries Ltd's operating margin is stable.
Belrise Industries Ltd's long-term compounding rates
Belrise Industries Ltd's earnings growth is stable with mixed signals on a sequential basis.
Belrise Industries Ltd's trailing twelve month (TTM) performance
Belrise Industries Ltd appears undervalued based on our fair value analysis.
Belrise Industries Ltd's current PE ratio is 35.1x.
Belrise Industries Ltd's current PE is 35.1x.
Belrise Industries Ltd's price-to-book ratio is 3.4x.
Belrise Industries Ltd is rated Average with a fundamental score of 40.43/100. This score is calculated from objective financial metrics
Belrise Industries Ltd has a debt-to-equity ratio of N/A.
Belrise Industries Ltd's return ratios over recent years
Belrise Industries Ltd's operating cash flow is positive (FY2025).
Belrise Industries Ltd's current dividend yield is 0.29%.
Belrise Industries Ltd's shareholding pattern (Dec 2025)
Belrise Industries Ltd's promoter holding has decreased recently.
Belrise Industries Ltd has been outperforming Nifty 500 for 9 consecutive weeks, indicating consistent outperformance.
Belrise Industries Ltd is a re-entry — it briefly dropped off the outperformance list but has now returned. Re-entries can signal renewed strength.
Belrise Industries Ltd has 2 key growth catalysts identified from recent earnings analysis
Belrise Industries Ltd has 2 key risks worth monitoring
In Q3 FY26, Belrise Industries Ltd's management highlighted
Belrise Industries Ltd's management has provided the following forward guidance for Next 2-4 quarters
Based on quantitative research signals, here is why Belrise Industries Ltd may be worth studying
Belrise Industries Ltd investment thesis summary:
Belrise Industries Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
