Archive · 19 Aug 2026
Belrise Industries Retains Buy Rating Despite Cost Pressures
Belrise Industries makes components for vehicles and is expanding into other industries.
Its costs rose because commodities, fuel, transport and labour became more expensive.
The company says the worst of these cost increases may be over.
It expects FY27 profit margins to be similar to FY26.
Belrise also won several new orders from vehicle manufacturers.
One electric-vehicle project will involve 59 assemblies and related equipment.
A solar-tracker order could eventually bring in more than ₹150 crore in revenue.
Recent acquisitions in France and the UK have helped it enter aerospace supply chains.
The broker expects strong earnings growth and recommends buying the shares, with a target of ₹280.
Belrise Industries retained its FY27 margin guidance despite higher commodity, fuel, transportation and labour costs.
The company won new chassis, braking, suspension and electric-vehicle localisation orders in Q1.
An order from a leading United States solar-tracker manufacturer could generate peak revenue of over ₹150 crore.
Acquisitions in France and the UK have taken Belrise into the global aerospace-components supply chain.
The broker cut FY27 EPS estimates by 3% but maintained its Buy rating and raised the target price to ₹280.
- Who
- Belrise Industries and the broker covering its shares.
- What
- The broker maintained a Buy recommendation and revised Belrise’s target price to ₹280 from ₹250.
- When
- The report was published on August 19, 2026; the company’s new orders were secured in Q1.
- Where
- Belrise operates in India and has expanded through acquisitions in France and the UK, with customers including a United States solar-tracker manufacturer.
- Why
- The broker expects strong earnings growth from new orders, acquisitions and an expanding business footprint, despite recent cost pressures.
- Recommendation
- Buy
- Current market price
- ₹233
- Revised target price
- ₹280
- FY27 EPS estimate
- Cut by 3%
- Historical EBITDA margins
- 12-14% over FY21-26
- Expected EBITDA CAGR
- 21% over FY26-29E
- Expected EPS CAGR
- 25% over FY26-29E
- Solar-tracker order potential
- Peak revenue of over ₹150 crore