Archive · 28 Nov 2025
Belrise Shares Surge 87% Over IPO
Belrise Industries' shares have gone up a lot, 87% more than when they first started selling them.
A company called JM Financial thinks they could go up even more, maybe 28% from where they are now.
They think this because Belrise is making more money from each vehicle they supply parts to, and they're also getting into electric vehicles.
JM Financial likes Belrise and thinks it's a good time to buy their shares.
They also think Belrise could make even more money by selling off some parts of their business.
Right now, Belrise's shares are cheaper compared to similar companies, which is a good sign for investors.
Belrise shares have surged 87% over its IPO price of Rs 90 within six months.
JM Financial predicts a 28.39% upside to a target price of Rs 215, a 138.88% increase from IPO.
Belrise's growth is driven by higher content per vehicle, expansion in four-wheeler components, and EV-focused products.
JM Financial expects a CAGR of 13% in revenue, 14% in Ebitda, and 29% in PAT over FY25–28E.
Belrise is trading at 19 times JM's FY28 EPS estimates, below the peer average of 27 times.
- Who
- Belrise Industries Ltd, JM Financial
- What
- Belrise shares have surged 87% over its IPO price, with JM Financial predicting further upside.
- When
- Within six months of IPO, with projections for FY25–28E.
- Where
- India, focusing on two-wheeler and four-wheeler components.
- Why
- Growth in content per vehicle, expansion in four-wheeler metal components, and potential value unlocking.
- IPO Price
- Rs 90 per share
- Current Share Price
- Rs 167.45 (as of Thursday's close)
- Target Price
- Rs 215 (JM Financial)
- Potential Upside
- 28.39% from current price, 138.88% from IPO price
- Revenue CAGR (FY25–28E)
- 13%
- Ebitda CAGR (FY25–28E)
- 14%
- PAT CAGR (FY25–28E)
- 29%
- Current P/E (FY28E)
- 19 times (vs. peer average of 27 times)