Belrise Industries Ltd (BELRISE) — share price & stock analysis

Market cap

₹21,090 Cr

P/E

42.1×

ROE

12.6%

vs own history (since 2026)

80th pctile

Book value / share

₹58.7

EPS (TTM)

₹5.63

10-yr median P/E

35.0×

Revenue (FY26)

₹9,509 Cr

Profit after tax (FY26)

₹497 Cr

Weinstein stage

Stage 2 (54 weeks)

Data as of

1 July 2026

4 of the 5 things we track are currently moving the right way — most of the dashboard is turning up.

Where the levels actually stand: ROCE 15% — decent; effectively no debt; margins mid-band. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double, and a quarter of the score comes from our earnings-recovery lens (is the profit cycle turning up off its trough?).

The price has risen while profits fell

Since Jan 2026, the stock is up 39% while earnings per share fell 4%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps

That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.

Today’s P/E of 42.1× means the market is paying up — this is the expensive end of its own history since 2026 (80th percentile).pe_ratio

A caveat on every valuation comparison here: the stock has only traded since 2026, and in that time its P/E has ranged 26–44× — it has never been cheap. “Middle of its range” means the middle of an expensive range.pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (35×).

The price is in a confirmed uptrend — 54 weeks and counting

Stock prices move through four repeating stages: basing (1), advancing (2), topping (3) and declining (4). This one is in Stage 2: advancing, 54 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹186 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 12 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Profits have grown in 5 of the last 7 years — compounding so far, on a short record

Over 7 years, sales went from ₹2,857 Cr to ₹9,509 Cr (about 19% a year), and profit from ₹205 Cr to ₹497 Cr.revenuenet_profit

Margins took a round trip — down to 11.1% in FY18, back to 12.1% now. The profit growth survived the squeeze.operating_profit

Sales grew 12% last quarter — the 5th straight quarter of growth

Mar 26 sales were ₹2,553 Cr, up 12% on the same quarter last year.revenue

That makes 5 quarters of growth in a row — this is a trend, not a blip.revenue

Margins are holding steady

Of every ₹100 of sales, the company keeps ₹11.4 as operating profit (a year ago it kept ₹12.1).opm_pct

Profit grew 18% — mostly from selling more

Mar 26 profit after tax was ₹130 Cr, up 18% year on year.net_profit

A caution: a meaningful slice of this jump came from income outside the core business — that is lower-quality profit and may not repeat.other_income

The profits are real — they turn into cash

Over the last 5 profitable years, the business reported ₹1,742 Cr of profit and collected ₹3,425 Cr of operating cash — about 197% conversion.operating_cash_flownet_profit

When cash tracks profit this closely, the earnings need no asterisk.

The cash cycle is stable

One rupee now takes about 48 days to go out the door as materials and come back as collected cash — down from 54 days the year before.cash_conversion_cycle

The asset base keeps compounding — this company builds

The productive asset base has gone from ₹1,342 Cr (FY18) to ₹3,104 Cr, with another ₹240 Cr of capacity under construction right now.fixed_assetscwip

The build is self-funded: the last 3 years' investing outflow (₹1,818 Cr) fits inside the operating cash the business generated (₹2,162 Cr).investing_cash_flowoperating_cash_flow

Almost no debt — this company cannot be killed by a bad year

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹29.borrowings

Every ₹100 kept in the business earns ₹15 — decent, not special

Return on capital employed is 15.0% (a year ago: 14.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Promoter holding dropped in one step — an event, not a slow exit

Promoters hold 66.5% (down 6.6 points over 4 quarters). Foreign funds own 8.9%, domestic funds 10.2%.promoters_pctfiis_pctdiis_pct

The promoter move came in a single step (Dec 25) — promoters rarely buy on-market, so a jump like this is almost always an allotment, infusion or restructuring: a capital event, not a slow accumulation of conviction. Worth knowing which, before reading it as a signal.promoters_pct

Worth studying deeper — with eyes open

The numbers lean positive, and the price already assumes the good news continues.

Best thing in the data: free cash flow rising (₹−277 Cr → ₹401 Cr).operating_cash_flow

Biggest worry: promoter holding falling (73.0% → 66.5%).promoters_pct

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data