Belding India share price

Belding India Ltd's share price was ₹859.20 at the close on 23 October 2026. It has been falling for 12 weeks. That is 25.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹859 and ₹2,134, and at that close it was at the low of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Belding India Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 17 weeks running.

Over the last 11 years the share price moved +1,811% while the NIFTY 500 moved +249%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 1 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: lowest operating margin in 17 quarters and profit down on a year earlier for 4 quarters in a row.

1. Lowest operating margin in 17 quarters

   Operating margin was -1727.3% in the June 2026 quarter, against -3.7% a year earlier.

2. Profit down on a year earlier for 4 quarters in a row

   In the June 2026 quarter profit was ₹-4 crore, -276.5% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), Belding India reported revenue of ₹0.22 crore, down 95.8% from ₹5.19 crore a year earlier, and a loss of ₹4.13 crore, down 276.5% from ₹2.34 crore.

Belding India results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Belding India closed at ₹859.20 on 23 October 2026, down 34.2% from ₹1,305.00 a year earlier (16 October 2025) and up 815.0% over five years. Its highest weekly close since February 2016 was ₹2,133.65 on 13 February 2026.

Belding India share price: then and now

Weekly closing prices. Each change is the move from that price to the 23 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

475 weekly closes from 26 February 2016 to 23 October 2026.

23 Oct 2026: Belding India closed at ₹859.20, down 9.7% on the week and down 15.8% on the month. Results for April to June 2026: Revenue down 95.8% and profit down 276.5% on a year earlier.

No. Belding India Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate (as of 23 October 2026).

Belding India is not on any of our India lists this week.

Belding India Ltd posted a net loss of ₹4.1 Cr in the Jun 2026 quarter. That quarter includes a one-off gain bigger than its revenue, so the comparison with last year does not reflect normal business. The full FY26 year was a loss of ₹4.0 Cr. That loss is 1,877.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹2.3 Cr. 5 of the last 12 reported quarters were loss-making.

Jun 2026 profit was −₹4.1 Cr, −276.5% on a year earlier.

Read this profit with care: at −₹4.1 Cr it is bigger than the quarter's whole revenue of ₹0.2 Cr. No business earns more than it takes in from sales, so this is a one-off item (for example a debt settlement, a tax write-back or an asset sale), not money the business earned. The underlying business is running at a −1,727.3% operating margin. The jump on last year, and any P/E built on this profit, come from the one-off, not from a real turn in earnings.

Belding India Ltd reported ₹0.2 Cr of revenue in the Jun 2026 quarter, −95.8% on the same quarter a year earlier. The last full year, FY26, came in at ₹0.0 Cr. The last four reported quarters add to ₹0.3 Cr.

Revenue is everything the company billed its customers in the period.

A growth rate over several years is not shown, because there are too few years of figures to work one out properly.

Is growth speeding up? Revenue over the last 12 months grew −98.4%, against −90.0% a year over the last 8 quarters (rolling over).

Belding India Ltd's sales have fallen to very little: FY26 revenue was ₹0.0 Cr, against ₹31.3 Cr in FY20. On sales that small an operating margin is not a useful reading, so this section is left out until sales recover.

Over the last 3 years, 158% of Belding India Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹14.0 Cr of operating cash against −₹4.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹848 Cr of spending on assets, free cash was −₹834 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Belding India Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹0.0 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹848 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Spending on assets: ₹848 Cr over the last 3 years, against ₹2.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹196 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Belding India Ltd's P/E is 8,200.7×, with too little history to compare. Its usual P/E (the middle reading) is 9,407.0×, over 4 months of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −191.8% while the price moved −34.2%. The price did better than earnings, which pushed the multiple up within its own range.

In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple.

Belding India Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE falling at 1.0%; each line tells part of the story. This is based on 11 quarters of 4 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading.

Why it matters: when the lines disagree, each line above matters more than any single label.

The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Belding India Ltd earned a ROCE of 1% in FY26. Its return on capital used (ROIC) is left out: on sales this small it reads 0%, a number that says nothing useful about the business.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Belding India Ltd had ₹38.0 Cr of borrowings against ₹1,049 Cr of equity in FY26, so its debt is 0.04× its equity. Its operating profit is −1 times its interest bill. Over 5 years borrowings went from ₹1.6 Cr to ₹38.0 Cr. Over the last 3 of those years it spent ₹848 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

Domestic institutions raised their stake in Belding India Ltd by 5.5 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 5.5% of the company. Promoters moved +3.5 points over the same period, to 55.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +5.5 points over 8 quarters, to 5.5%; Promoters: +3.5 points over 8 quarters, to 55.8%; Foreign institutions: +0.2 points over 8 quarters, to 0.2%.

Why the owners changed: domestic institutions drove it (+5.5 points), together with promoters (+3.5 points). They raised their stake step by step.

For Belding India Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

30.6 out of 100, rank 4 of 6 in Aluminium, with 53% of the evidence available.

Belding India Ltd scores 30.6 out of 100 against the 6 companies it is compared with in Aluminium, ranking 4. Some evidence is missing, so the score is pulled toward the middle on purpose.

The three scored parts add up to the total exactly: 14.1 + 4 + 12.5 = 30.6 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Belding India ranks 4 of 6 Aluminium companies on the 4-Factor Sector Score, with 30.6 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Aluminium, all 6 compared on one page.

Belding India is the 4th largest of 6 Aluminium companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Hindalco Industries, National Aluminium Company and Synthiko Foils. Just below it: ANB Metal Cast and Alufluoride.

Aluminium companies close in size

1. Hindalco Industries Ltd ₹1,98,812 crore
2. National Aluminium Company Ltd ₹57,771 crore
3. Synthiko Foils Ltd ₹2,483 crore
4. Belding India Ltd ₹1,221 crore
5. ANB Metal Cast Ltd ₹443 crore
6. Alufluoride Ltd ₹438 crore

All 6 Aluminium companies, largest first

Companies close in size in other industries

1486. Bharat Seats Ltd ₹1,228 crore · Auto Ancillaries - Seats
1487. Walchandnagar Industries Ltd ₹1,225 crore · Capital Goods - Engineering Heavy
1488. Belding India Ltd ₹1,221 crore
1489. Steel Exchange India Ltd ₹1,221 crore · Steel Products
1490. Emkay Tools Ltd ₹1,217 crore · Machine Tools - Others

Sector Alpha, written by code from the published numbers. Data as of 23 October 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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