# Belrise Industries (BELRISE) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/belrise

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹213.51
- Change: -2.14%
- As of: 2026-11-06
- 1D return: -2.14%
- 5D return: +3.42%
- 1M return: -9.07%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

BELRISE presents a mixed technical picture as of 5 November 2026, with the stock closing at ₹218.18. The monthly trend remains strongly bullish, supported by a Supertrend signal and an ADX of 94.4, while the weekly trend shows established bearish momentum (ADX 31.34). On the daily timeframe, the setup is cautious: price sits below key short-term averages (20-day EMA/SMA) and the Supertrend, indicating near-term weakness despite being above the 200-day SMA. An active monthly Inside Bar pattern suggests consolidation within the broader uptrend. Recent volatility is elevated, with annualized volatility at +38.6% and a current drawdown of -16.5%. Price action has been choppy, highlighted by a moderate upward gap on 3 November (+1.3%) following high-participation indecision on 26 October. Immediate resistance lies at ₹221.47 (1.51% above), while support is found at ₹217.03 (0.53% below).

- Trend Divergence: Monthly trend is strongly bullish (ADX 94.4, price above Supertrend), whereas daily and weekly trends are bearish with price below short-term moving averages and Supertrends.
- Price Structure: Current price (₹218.18) is in the upper-middle of its 252-day range (+60.2%) but near the middle of its 20-day range (+45.8%), reflecting recent consolidation after a strong yearly gain of +50.2%.
- Key Levels: Resistance is immediate at ₹221.47 (1.51% above); support is tight at ₹217.03 (0.53% below). A break below ₹217.03 could expose lower supports at ₹213.47 (-2.16%).
- Volatility & Risk: High volatility persists with annualized volatility at +38.6% and ATR at 3.89%. The stock is currently experiencing a -16.5% drawdown from its available high.

- Inside Bar
- Harami
- Doji
- Morning Star

### News Context

In the seven-day window ending November 5, 2026, Belrise Industries announced a strategic partnership with Japan’s Yamato Co Ltd to secure exclusive rights for manufacturing lighter resin components and filtration technology. Reported on November 3 and 4, this collaboration positions the company to address rising production costs and fuel efficiency pressures within India’s automotive supply chain. This development is part of a broader industry shift where auto component makers are expanding beyond traditional manufacturing into specialized technologies and services.

- {'date': '2026-11-03', 'detail': "Belrise secured exclusive rights to manufacture lighter resin components via a partnership with Japan's Yamato Co Ltd.", 'event': 'Strategic Partnership'}
- {'context': 'Industry Trend', 'date': '2026-11-04', 'detail': 'The move aligns with sector-wide efforts by peers like Amara Raja and Motherson to adopt new growth paths in auto supply chains to manage cost and efficiency pressures.'}

- [How Amara Raja, Motherson and Belrise are powering a triple-engine push in auto supply chain | Company Business News](https://www.livemint.com/companies/news/how-amara-raja-motherson-and-belrise-are-powering-a-triple-engine-push-in-auto-supply-chain-11793775783753.html)
- [Stock market today: Sensex, Nifty cautious after rally; SBI, ITC gain](https://www.thehindubusinessline.com/markets/it-stocks-drag-nifty-even-as-fmcg-and-healthcare-hold-firm-fiis-buy-for-third-straight-session/article71663902.ece)
- [Amara Raja, Motherson & Belrise explore new growth paths in auto supply chain](https://www.thehindubusinessline.com/companies/amara-raja-motherson-and-belrise-chart-new-growth-paths-in-auto-supply-chain/article71658314.ece)
- [Stocks to watch, Nov 3: GRSE, Dr Reddy’s, Lupin, NBCC, HPCL and others bag major orders, approvals](https://www.thehindubusinessline.com/markets/buzzing-stocks-grse-dr-reddys-lupin-nbcc-hpcl-belrise-and-datakosa-in-focus/article71659200.ece)

### Official Filings

Belrise Industries Limited has advanced its manufacturing capabilities through a new license agreement with Japan’s Yamato Co., Ltd., effective November 2, 2026. This partnership grants Belrise the rights to manufacture and sell air filters, oil filters, and resin air intake manifolds for Indian Automotive and Industrial OEMs, supported by Yamato’s technical assistance in design and testing. The commercial consideration is structured as royalty and technical assistance fees.

Concurrently, the company addressed a regulatory matter regarding Goods and Services Tax (GST). On October 29, 2026, the Tamil Nadu Commercial Taxes Department issued an order under Section 73 of the TNGST/CGST Act, 2017, for FY 2023-24. The authority confirmed a demand totaling ₹1,51,026, comprising tax of ₹18,626, interest of ₹1,12,400, and a penalty of ₹20,000, related to alleged ineligible input tax credits. Belrise stated this has no material impact on operations and is evaluating legal remedies, including an appeal.

On the governance front, shareholders approved an increase in authorized share capital to ₹550 crore at the Annual General Meeting held on September 30, 2026. Additionally, M/s. Shailesh Haribhakti & Associates and M/s. Rathi Rathi and Co. were appointed as Joint Statutory Auditors for a five-year term starting from the conclusion of the AGM.

- Strategic Partnership: Executed a License and Technical Assistance Agreement with Yamato Co., Ltd. (Japan) on November 2, 2026, enabling domestic manufacturing of automotive filters and manifolds; consideration is payable via royalties and technical fees.
- Regulatory Order: Received a GST demand order dated October 29, 2026, aggregating ₹1,51,026 (tax ₹18,626 + interest ₹1,12,400 + penalty ₹20,000) for FY 2023-24; company reports no material operational impact and is considering an appeal.
- Capital Structure: Authorized share capital increased to ₹550 crore (11 billion equity shares of ₹5 each) following shareholder approval at the AGM on September 30, 2026.
- Governance Update: Appointed M/s. Shailesh Haribhakti & Associates and M/s. Rathi Rathi and Co. as Joint Statutory Auditors for a five-year term commencing after the September 30, 2026 AGM.

- [BELRISE INDUSTRIES LIMITED has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_24878_WebXMLFile_20261103_121457119.xml)
- [BELRISE INDUSTRIES LIMITED has informed the Exchange regarding |SUBJECT: Agreements,Contracts,Arrangements,MOU-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ANN_AGREEMENT_24878_WebXMLFile_20261103_121307321.xml)
- [Belrise Industries Limited ("Company") has informed the Exchange that the Company has entered into License and Technical Assistance agreement ( Agreement ) with Yamato Co., Ltd. Japan |SUBJECT: Agreements](https://nsearchives.nseindia.com/corporate/BELRISE_02112026204227_BELRISE_Intimation_of_Technical_Agreement_02112026.pdf)
- [Belrise Industries Limited has informed the Exchange about receipt of orders passed |SUBJECT: Action(s) initiated or orders passed](https://nsearchives.nseindia.com/corporate/BELRISE_30102026173956_BELRISE_Intimation_of_GST_Order_Karnataka_30102026.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 61.15 | PUBLIC_VAL: 38.85 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 21-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742730_21102026023230_WEB.xml)
- [AS ON DATE : 30-Jun-2025 | PR_AND_PRGRP: 73.01 | PUBLIC_VAL: 26.99 | EMPTR: 0 | NDS_REVISED_STATUS: Revised | SUBMISSION_DT: 09-Jul-2025 | REVISION_DT: 21-Oct-2026](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742575_21102026123330_WEB.xml)
- [Belrise Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/BELRISE_14102026120629_Belrise_Intimation_Reg_74_5__Sep_2026.pdf)
- [Belrise Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/BELRISE_01102026122453_BELRISE_IntimationofScrutinizerReport_30092026.pdf)
- [Belrise Industries Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors](https://nsearchives.nseindia.com/corporate/BELRISE_01102026123217_BELRISE_IntimationofAppofJointStatutoryAuditor_30092026.pdf)
- [Belrise Industries Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company. |SUBJECT: Amendment to AOA/MOA](https://nsearchives.nseindia.com/corporate/BELRISE_01102026123455_BELRISE_IntimationofIncreaseinAuthorisedShareCapital_30092026.pdf)

### Fundamentals

Belrise Industries reported sequential declines in revenue and profitability for Q1 FY2026-27, with Revenue From Operations falling slightly to ₹2,546.47 crore from ₹2,552.83 crore in Q4 FY2025-26. Net Profit decreased by 6.6% sequentially to ₹121.67 crore, while Finance Costs rose marginally to ₹46.48 crore. Despite this quarterly softness, the company maintains a strong annual trajectory, with Sales growing 17% year-on-year to ₹7,528 crore in FY2025-26 and Net Profit surging 44% to ₹478 crore. Earnings quality remains robust, evidenced by CFO/EBITDA conversion improving to 92% in FY2026 from 82% in FY2025, and ROCE rising to 14%. The balance sheet shows significant deleveraging, with Borrowings dropping sharply to ₹1,237 crore from ₹2,706 crore in FY2025, supported by an increase in Equity Capital to ₹445 crore. Working capital efficiency improved, with the Cash Conversion Cycle shortening to 39 days. Shareholding patterns indicate promoter stakes fluctuating between 61.14% and 73.01%, while DII and FII holdings show recent increases.

- Q1 FY2026-27 saw sequential revenue decline to ₹2,546.47 crore and net profit drop to ₹121.67 crore, contrasting with strong FY2026 annual sales growth of 17% to ₹7,528 crore.
- Balance sheet health improved markedly as Borrowings fell to ₹1,237 crore from ₹2,706 crore in FY2025, while Equity Capital rose to ₹445 crore.
- Earnings quality strengthened with CFO/EBITDA conversion reaching 92% in FY2026 (up from 82%) and ROCE increasing to 14%.
- Working capital efficiency improved, reducing the Cash Conversion Cycle to 39 days from 46 days in FY2025.

### Bear Case

Belrise Industries faces near-term technical headwinds as the stock trades in a bearish daily and weekly trend, with the Supertrend indicator signaling downside pressure on both timeframes. The share price has retreated from recent highs, posting a -16.5% current drawdown and a maximum drawdown of -22.5%, while monthly returns have turned negative at -5.6% over the last month. High volatility, evidenced by an annualized volatility of +38.6% and an ATR of 3.89%, suggests significant price fluctuation risk. Although the company is expanding its auto supply chain capabilities through partnerships, such as securing exclusive rights for lighter resin components via a Japanese collaboration, these operational developments are currently overshadowed by short-term market consolidation and profit-booking risks noted in broader market commentary.

- Daily and weekly technical trends are bearish, with the Supertrend direction indicating downward pressure on both timeframes.
- The stock is experiencing a -16.5% current drawdown from peak levels, with a maximum historical drawdown of -22.5%.
- Short-term momentum is weak, with one-month returns at -5.6% and twenty-day returns at -11.4%.
- High volatility persists, with annualized volatility at +38.6% and an Average True Range (ATR) of 3.89%, increasing price uncertainty.

- [How Amara Raja, Motherson and Belrise are powering a triple-engine push in auto supply chain | Company Business News](https://www.livemint.com/companies/news/how-amara-raja-motherson-and-belrise-are-powering-a-triple-engine-push-in-auto-supply-chain-11793775783753.html)
- [Stock market today: Sensex, Nifty cautious after rally; SBI, ITC gain](https://www.thehindubusinessline.com/markets/it-stocks-drag-nifty-even-as-fmcg-and-healthcare-hold-firm-fiis-buy-for-third-straight-session/article71663902.ece)
- [Amara Raja, Motherson & Belrise explore new growth paths in auto supply chain](https://www.thehindubusinessline.com/companies/amara-raja-motherson-and-belrise-chart-new-growth-paths-in-auto-supply-chain/article71658314.ece)
- [Stocks to watch, Nov 3: GRSE, Dr Reddy’s, Lupin, NBCC, HPCL and others bag major orders, approvals](https://www.thehindubusinessline.com/markets/buzzing-stocks-grse-dr-reddys-lupin-nbcc-hpcl-belrise-and-datakosa-in-focus/article71659200.ece)
- [BELRISE INDUSTRIES LIMITED has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_24878_WebXMLFile_20261103_121457119.xml)
- [BELRISE INDUSTRIES LIMITED has informed the Exchange regarding |SUBJECT: Agreements,Contracts,Arrangements,MOU-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ANN_AGREEMENT_24878_WebXMLFile_20261103_121307321.xml)
- [Belrise Industries Limited ("Company") has informed the Exchange that the Company has entered into License and Technical Assistance agreement ( Agreement ) with Yamato Co., Ltd. Japan |SUBJECT: Agreements](https://nsearchives.nseindia.com/corporate/BELRISE_02112026204227_BELRISE_Intimation_of_Technical_Agreement_02112026.pdf)
- [Belrise Industries Limited has informed the Exchange about receipt of orders passed |SUBJECT: Action(s) initiated or orders passed](https://nsearchives.nseindia.com/corporate/BELRISE_30102026173956_BELRISE_Intimation_of_GST_Order_Karnataka_30102026.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 61.15 | PUBLIC_VAL: 38.85 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 21-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742730_21102026023230_WEB.xml)
- [AS ON DATE : 30-Jun-2025 | PR_AND_PRGRP: 73.01 | PUBLIC_VAL: 26.99 | EMPTR: 0 | NDS_REVISED_STATUS: Revised | SUBMISSION_DT: 09-Jul-2025 | REVISION_DT: 21-Oct-2026](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742575_21102026123330_WEB.xml)

### FAQs

**What strategic partnership has Belrise Industries recently announced, and what does it cover?**

On November 2, 2026, Belrise executed a License and Technical Assistance Agreement with Japan's Yamato Co., Ltd. This grants Belrise exclusive rights to manufacture and sell air filters, oil filters, and resin air intake manifold products in India for automotive and industrial OEMs. Yamato will provide support in design, development, testing, and manufacturing, with consideration structured as royalty and technical assistance fees.

**Has the company faced any regulatory or tax issues recently?**

Yes. On October 29, 2026, the Assistant Commissioner (ST) in Tamil Nadu passed an order under Section 73 of the TNGST/CGST Act for FY 2023-24. The order confirmed a demand of ₹18,626 in tax, ₹1,12,400 in interest, and ₹20,000 in penalty, totaling ₹1,51,026, regarding alleged ineligible input tax credit. The company stated this has no material impact on operations and is evaluating legal remedies, including an appeal.

**How has the stock performed technically over different timeframes?**

As of November 5, 2026, the stock closed at ₹218.18. While the monthly trend remains bullish, daily and weekly trends are bearish with negative slopes on key moving averages. The stock has gained +50.2% over the past year but is down -16.5% from its peak (current drawdown). Resistance levels are noted near ₹221.47 and ₹223.27, while immediate support sits around ₹217.03.

**What is the current shareholding pattern of Belrise Industries?**

As of September 30, 2026, promoters and promoter group hold 61.15% of the equity, while the public holds 38.85%. Employee holdings were reported at 0%. This data was submitted to the NSE on October 21, 2026.

- [How Amara Raja, Motherson and Belrise are powering a triple-engine push in auto supply chain | Company Business News](https://www.livemint.com/companies/news/how-amara-raja-motherson-and-belrise-are-powering-a-triple-engine-push-in-auto-supply-chain-11793775783753.html)
- [Stock market today: Sensex, Nifty cautious after rally; SBI, ITC gain](https://www.thehindubusinessline.com/markets/it-stocks-drag-nifty-even-as-fmcg-and-healthcare-hold-firm-fiis-buy-for-third-straight-session/article71663902.ece)
- [Amara Raja, Motherson & Belrise explore new growth paths in auto supply chain](https://www.thehindubusinessline.com/companies/amara-raja-motherson-and-belrise-chart-new-growth-paths-in-auto-supply-chain/article71658314.ece)
- [Stocks to watch, Nov 3: GRSE, Dr Reddy’s, Lupin, NBCC, HPCL and others bag major orders, approvals](https://www.thehindubusinessline.com/markets/buzzing-stocks-grse-dr-reddys-lupin-nbcc-hpcl-belrise-and-datakosa-in-focus/article71659200.ece)
- [BELRISE INDUSTRIES LIMITED has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_24878_WebXMLFile_20261103_121457119.xml)
- [BELRISE INDUSTRIES LIMITED has informed the Exchange regarding |SUBJECT: Agreements,Contracts,Arrangements,MOU-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ANN_AGREEMENT_24878_WebXMLFile_20261103_121307321.xml)
- [Belrise Industries Limited ("Company") has informed the Exchange that the Company has entered into License and Technical Assistance agreement ( Agreement ) with Yamato Co., Ltd. Japan |SUBJECT: Agreements](https://nsearchives.nseindia.com/corporate/BELRISE_02112026204227_BELRISE_Intimation_of_Technical_Agreement_02112026.pdf)
- [Belrise Industries Limited has informed the Exchange about receipt of orders passed |SUBJECT: Action(s) initiated or orders passed](https://nsearchives.nseindia.com/corporate/BELRISE_30102026173956_BELRISE_Intimation_of_GST_Order_Karnataka_30102026.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 61.15 | PUBLIC_VAL: 38.85 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 21-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742730_21102026023230_WEB.xml)
- [AS ON DATE : 30-Jun-2025 | PR_AND_PRGRP: 73.01 | PUBLIC_VAL: 26.99 | EMPTR: 0 | NDS_REVISED_STATUS: Revised | SUBMISSION_DT: 09-Jul-2025 | REVISION_DT: 21-Oct-2026](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742575_21102026123330_WEB.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹219.99
- Risk regime: Price Risk Requires Attention

### Support levels
- 212.35
- 209.5025
- 203.99

### Resistance levels
- 217.37
- 221.4675
- 224.53875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -2.14% |
| return_10 | +4.63% |
| return_1m | -9.84% |
| return_1y | +43.57% |
| return_20 | -9.07% |
| return_3m | -12.71% |
| return_5 | +3.42% |
| return_6m | -3.88% |
| return_since_start | +119.19% |
| return_ytd | +15.99% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -22.54% |
| annualized_volatility | +38.61% |

## Quarterly financials

- Latest complete quarter: fy27_q1

## Revenue grows 12.6% YoY with margin improvement as finance costs fall sharply

Belrise Industries reported Q1 FY27 revenue of ₹2,546.47 crore, up 12.6% from the same quarter last year. Profit before tax grew faster at 19.2%, helped by a significant reduction in finance costs. Net profit rose 8.9% as the effective tax rate increased. Sequentially, revenue was nearly flat while profit before tax and net profit declined.

## Revenue and Expenses

Revenue from operations was ₹2,546.47 crore, compared to ₹2,262.21 crore in Q1 FY26 — an increase of 12.6%. Total expenses rose 11.5% to ₹2,398.48 crore. Because expenses grew more slowly than revenue, the expense ratio improved: expenses consumed 94.2% of revenue, down from 95.1% a year earlier.

Compared to the previous quarter (Q4 FY26), revenue edged down 0.25% from ₹2,552.83 crore. Expenses were essentially unchanged, dipping 0.05%.

## Profitability

Profit before tax (PBT) reached ₹166.38 crore, up from ₹139.52 crore in Q1 FY26. The PBT margin widened to 6.53% from 6.17% a year earlier, as revenue growth combined with a modest improvement in the expense ratio and a steep drop in finance costs.

Net profit (profit for the period) increased 8.9% to ₹121.67 crore, a slower pace than PBT growth because of a higher tax charge. The effective tax rate rose to 26.9% from 20.0% in the year-ago quarter.

## Finance Costs

Finance costs fell sharply year-on-year, from ₹80.05 crore in Q1 FY26 to ₹46.48 crore in Q1 FY27 — a decline of 41.9%. This ₹33.6 crore reduction was a key contributor to the PBT improvement. Sequentially, finance costs were slightly higher than the ₹45.50 crore recorded in Q4 FY26, but remained well below the levels seen in the first half of the previous fiscal year.

## Tax Expense

Tax expense for the quarter was ₹44.71 crore, up from ₹27.84 crore in Q1 FY26. The 60.6% increase reflects both higher pre-tax profit and the higher effective tax rate. The shift in the tax rate moderated the flow-through of pre-tax profit growth to net profit.

## Management Commentary

Belrise Industries reported a strong Q1 FY27 with manufacturing revenue up 20% YoY to ₹21,979 Mn and PBT growing 19.2% to ₹1,664 Mn. Management said the quarter was a 'strong start to the year' with focus on moving beyond individual components towards larger assemblies and proprietary products. The company strengthened its financial capacity by raising ₹17,000 Mn through a QIP to support expansion, acquisitions, and capability-building. Key order wins included a chassis order from a fast-growing 2W/3W OEM (annual revenue potential of ₹650+ Mn), a renewable energy facility for a US solar tracker manufacturer (2.5 GW annual capacity, peak revenue ₹1,500+ Mn), and a significant program from a leading Indian 4W OEM for localization of a high-selling EV model. The acquisition of Hyva India's tipper business adds three manufacturing facilities and expands heavy-fabrication capabilities, supporting the company's progression towards a Tier-0.5 supplier. Management remains confident in the FY27 roadmap with mid-teens revenue growth, broadly stable EBITDA margins, and disciplined capex, aiming to convert investments into sustainable growth and higher value creation over the medium term.

## Key Takeaway

The quarter saw a 12.6% year-on-year rise in revenue and a 19.2% increase in profit before tax, driven largely by a large drop in finance costs. The expense ratio improved slightly. Net profit growth was limited to 8.9% by a higher effective tax rate. Compared to the prior quarter, revenue was stable but profit declined. The quarter’s performance was marked by the combination of lower finance costs and a heavier tax burden.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +61.15%
- FII holding: +12.09%
- DII holding: +13.12%
- Mutual fund holding: +10.65%
- Retail holding: +6.56%
- Promoter pledged: +0.00%

### Major reported shareholders

- Shrikant Shankar Badve — +54.80%
- Sbi Small Cap Fund — +5.14%
- Supriya Shrikant Badve — +4.48%
- Invesco India Flexi Cap Fund — +1.52%
- Sumedh Shrikant Badve — +1.50%
- Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund — +1.08%
- Government Pension Fund Global — +1.05%
- Rajiv Kumar — +1.05%
- Swastid Shrikant Badve — +0.21%
- Badve Autocomps Private Limited — +0.11% (Bodies Corporate)

## Official filings

- 2026-11-07 — Board Meeting Notice: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_24878_WebXMLFile_20261107_152347508.xml)
- 2026-11-07 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_24878_WebXMLFile_20261107_152347508.xml)
- 2026-11-07 — Board Meeting Notice: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BELRISE_07112026152658_BELRISE_Intimation_of_Board_Meeting_07112026.pdf)
- 2026-11-07 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24878_WebXMLFile_20261107_202218487.xml)
- 2026-11-07 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BELRISE_07112026202504_BELRISE_Intimation_of_Earnings_Call_07112026.pdf)
- 2026-11-03 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_24878_WebXMLFile_20261103_121457119.xml)
- 2026-11-03 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ANN_AGREEMENT_24878_WebXMLFile_20261103_121307321.xml)
- 2026-11-02 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BELRISE_02112026204227_BELRISE_Intimation_of_Technical_Agreement_02112026.pdf)
- 2026-10-30 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BELRISE_30102026173956_BELRISE_Intimation_of_GST_Order_Karnataka_30102026.pdf)
- 2026-10-21 — Shareholding Disclosure: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742730_21102026023230_WEB.xml)
- 2026-10-21 — Shareholding Disclosure: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742575_21102026123330_WEB.xml)
- 2026-10-14 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BELRISE_14102026120629_Belrise_Intimation_Reg_74_5__Sep_2026.pdf)
- 2026-10-01 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BELRISE_01102026122453_BELRISE_IntimationofScrutinizerReport_30092026.pdf)
- 2026-10-01 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BELRISE_01102026123217_BELRISE_IntimationofAppofJointStatutoryAuditor_30092026.pdf)
- 2026-10-01 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BELRISE_01102026123455_BELRISE_IntimationofIncreaseinAuthorisedShareCapital_30092026.pdf)
- 2026-09-30 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BELRISE_30092026205820_Belrise_Intimation_of_AGM_Proceedings_30092026__002_.pdf)
- 2026-09-28 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_24878_WebXMLFile_20260928_130511090.xml)
- 2026-09-28 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BELRISE_28092026132121_BELRISE_Intimation_of_Trading_Window_Closure_28092026.pdf)
- 2026-09-10 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24878_WebXMLFile_20260910_170458677.xml)
- 2026-09-09 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_24878_WebXMLFile_20260909_202422277.xml)
- 2026-09-09 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BELRISE_09092026202633_BELRISE_Intimation_Jefferies_Conference_09092026.pdf)
- 2026-09-08 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BELRISE_08092026184840_BELRISE_Intimation_of_App_of_Joint_Statutory_Auditor.pdf)
- 2026-09-08 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BELRISE_08092026223951_BELRISE_Intimation_of_Record_Date_for_Dividend.pdf)
- 2026-09-08 — Generic Announcement: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BELRISE_08092026223129_BELRISE_Intimation_of_Notice_of_AGM.pdf)
- 2026-09-07 — Annual Report: Belrise Industries Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_31972_BELRISE_2025_2026_A_8614893_08092026220407.pdf)

## News and market events

- 2026-11-04 — Mint: **How Amara Raja, Motherson and Belrise are powering a triple-engine push in auto supply chain | Company Business News** — Auto component makers Amara Raja, Belrise Industries, and Motherson are expanding beyond traditional manufacturing to address rising production costs and fuel efficiency pressures. Amara Raja is investing ₹100 crore in a new automotive services subsidiary, Belrise has partnered with Japan's YAMATO Co for filtration technology, and Motherson is collaborating with a Singapore university to industrialize faster adhesive curing processes. — [Source](https://www.livemint.com/companies/news/how-amara-raja-motherson-and-belrise-are-powering-a-triple-engine-push-in-auto-supply-chain-11793775783753.html)
- 2026-11-04 — The Hindu: **Stock market today: Sensex, Nifty cautious after rally; SBI, ITC gain** — Indian markets opened cautiously on November 4, with the Sensex and Nifty trading slightly higher after a sharp four-session rally, as technology stocks dragged performance while banking and FMCG sectors gained. Continued foreign institutional investor buying supported sentiment, contrasting with domestic institutional selling, amid global pressures from US midterm election outcomes and mixed economic data. Analysts suggest near-term consolidation with a buy-on-dips strategy, citing easing crude prices and rotation into consumption and healthcare, while warning of potential profit-booking risk — [Source](https://www.thehindubusinessline.com/markets/it-stocks-drag-nifty-even-as-fmcg-and-healthcare-hold-firm-fiis-buy-for-third-straight-session/article71663902.ece)
- 2026-11-03 — The Hindu: **Amara Raja, Motherson & Belrise explore new growth paths in auto supply chain** — Amara Raja, Belrise Industries, and Motherson are pursuing new growth strategies in India’s automotive supply chain to address rising production costs and efficiency pressures. Amara Raja is investing ₹100 crore into a technology-led services subsidiary for recurring revenue, while Belrise has secured exclusive rights to manufacture lighter resin components via a Japanese partnership, and Motherson is collaborating with Nanyang Technological University to industrialize faster adhesive curing technology. — [Source](https://www.thehindubusinessline.com/companies/amara-raja-motherson-and-belrise-chart-new-growth-paths-in-auto-supply-chain/article71658314.ece)
- 2026-11-03 — The Hindu: **Stocks to watch, Nov 3: GRSE, Dr Reddy’s, Lupin, NBCC, HPCL and others bag major orders, approvals** — Garden Reach Shipbuilders & Engineers Ltd. secured a ₹32,000-crore contract from the Indian Navy for five corvettes, while Dr Reddy’s Laboratories Ltd and Lupin Limited received USFDA approvals for key drugs. Additionally, NBCC (India) Limited obtained ₹70.50 crore in orders from Oil India Ltd and HAL, Belrise Industries Ltd partnered with Yamato Co Ltd for filtration technology, and Datakosa Ltd won a $2.46-million AI automation order from Hermes Networks Inc. — [Source](https://www.thehindubusinessline.com/markets/buzzing-stocks-grse-dr-reddys-lupin-nbcc-hpcl-belrise-and-datakosa-in-focus/article71659200.ece)
- 2026-10-16 — Orissa POST: **Centre okays Rs 1,195 crore plan to upgrade ITI clusters in Odisha, Maharashtra, J&K - OrissaPOST** — New Delhi/Bhubaneswar: National Steering Committee Friday approved an investment of Rs 1,194.92 crore for ugrading Industrial Training Institutes (ITI) clusters across Odisha, Maharashtra, and Jammu and Kashmir under the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) scheme. With the approval, the cumulative investment cleared under the PM-SETU so far, has touched the […] — [Source](https://www.orissapost.com/centre-okays-rs-1195-crore-plan-to-upgrade-iti-clusters-in-odisha-maharashtra-jk/)
- 2026-09-16 — MONEYCONTROL: **Unimech Aerospace likely to launch Rs 750-crore QIP this month** — Unimech Aerospace and Manufacturing, QIP, Manufacturing, Aerospace, Defence — [Source](https://www.moneycontrol.com/news/business/unimech-aerospace-likely-to-launch-rs-750-crore-qip-this-month-14031052.html)
- 2026-08-19 — The Hindu: **Broker’s Call: Belrise Industries (Buy)** — Jefferies — [Source](https://www.thehindubusinessline.com/markets/brokers-call-belrise-industries-buy/article71364364.ece)
- 2026-08-19 — MONEYCONTROL: **Buy Belrise Industries; target of Rs 281: LKP Research** — LKP Research, Belrise Industries, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-belrise-industries-target-of-rs-281-lkp-research-14010052.html)
- 2026-08-18 — Economic Times: **Jefferies raises Belrise Industries target price, sees 18% upside on strong demand, business expansion** — Jefferies retained its Buy rating on Belrise Industries and raised its target price to Rs 280, citing strong automotive orders, two-wheeler demand and expanding renewable energy and aerospace businesses. The brokerage expects robust earnings growth, though customer concentration and margins remain key risks. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/jefferies-raises-belrise-industries-target-price-sees-18-upside-on-strong-demand-business-expansion/articleshow/133319608.cms)
- 2026-08-18 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty may fall below 24,200 at opening; Colgate in focus** — Sensex Today | Stock Market LIVE Updates: With the index closing below 24,300, the 24,200 level is a very important support on the downside as chartists are citing. The 24,250 Put option has also seen significant open interest addition on Monday, making it a crucial level to what. The Nifty Bank also gave up its entire intraday recovery during CAS, but continues to find buying interest around the 57,000 mark. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-expiry-today-midcaps-smallcaps-banks-paytm-netweb-wipro-share-price-liveblog-19971381.htm)
- 2026-08-17 — Mint: **Top Gainers & Losers on 17 August: NMDC Steel, LG Electronics, BSE, Tata Tech, Infosys, Voltas among top losers | Stock Market News** — Indian stocks remained subdued on August 17, with the Nifty down 0.11% and the Sensex down 0.19% due to ongoing Middle East conflicts and high crude oil prices. Despite this, midcap and small-cap indices saw slight gains. — [Source](https://www.livemint.com/market/stock-market-news/top-gainers-losers-on-17-august-nmdc-steel-lg-electronics-bse-tata-tech-infosys-voltas-among-top-losers-11786961037869.html)
- 2026-08-17 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty recovers 80 points from lows; ITC at 52-week low** — Stock Market Live Updates: We are in the second half of the day's trade, and the markets are looking to mark a recovery from the day's low. The markets are under pressure, as indices trade lower at the beginning of a new week. The Nifty is down nearly 80 points, falling below the 24,300 mark. Infosys, Tata Motors PV and HCLtech are top losers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-reliance-hdfc-bank-cochin-nmdc-voltas-gmr-jupiter-share-price-liveblog-19970547.htm)
- 2026-08-17 — CNBC-TV18: **Belrise Industries optimistic of margin improvement as cost pressures behind; Stock down 7%** — Belrise Industries said its pricing model is designed to absorb fluctuations in input costs and allows it to largely pass on the impact to customers, although with a slight lag. — [Source](https://www.cnbctv18.com/market/belrise-industries-share-price-q1-results-guidance-margin-improvement-cost-pressures-behind-jefferies-19970844.htm)
- 2026-08-17 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty may fall to 24,300 at opening; Max Healthcare in focus** — Stock Market Live Updates: The Nifty has been grinding lower even as it consolidates in a narrow range. The index has lost 300 points in the last six sessions, despite a better-than-expected earnings season. Oil prices remain near $90 a barrel. Watch for movements on the USD-INR and further block deal announcements. Watch this space for all the LIVE stock market updates, management commentary and stocks in news. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-reliance-hdfc-bank-cochin-nmdc-voltas-gmr-jupiter-share-price-liveblog-19970547.htm)
- 2026-08-17 — The Hindu: **Sensex today | Stock Market LIVE: Stock to buy today: Elgi Equipments (₹609.05)** — Sensex, Nifty, Share Prices Live updates: The  stock Elgi Equipments has been appreciating since February after it found support at ₹420. But after hitting a high of ₹634 on May 29, the price gradually moderated. The rally on Friday indicates that the scrip is likely beginning a new leg of rally now, which can potentially lift the stock to ₹740. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-17th-august-2026/article71354693.ece)
- 2026-08-15 — The Hindu: **Belrise Industries eyes expansion after ₹1,700-crore QIP, Hyva deal; Q1 PAT rises 9%** — Belrise Industries plans expansion after a ₹1,700 crore QIP and Hyva acquisition, reporting a 9% rise in Q1 PAT. — [Source](https://www.thehindubusinessline.com/companies/belrise-industries-eyes-expansion-after-1700-crore-qip-hyva-deal-q1-pat-rises-9/article71347216.ece)
- 2026-08-05 — The Hindu: **Buzzing stocks: Rate-sensitive counters, Belrise Industries, LIC, Tata Motors, Rajesh Power, RMC Switchgears, Nykaa, HFCL on Wednesday** — RBI monetary policy decision in focus — [Source](https://www.thehindubusinessline.com/markets/buzzing-stocks-rate-sensitive-counters-belrise-industries-lic-tata-motors-rajesh-power-rmc-switchgears-nykaa-hfcl-on-wednesday/article71307879.ece)
- 2026-08-04 — The Hindu: **Sensex today | Stock Market Live: Sensex down 300 pts, Nifty slips 300 pts to  24,470 as CAS correction weighs; RBI MPC meet outcome in focus** — Sensex, Nifty, Share Prices LIVE: Benchmark indices opened Tuesday’s session on a weak note, with the Nifty 50 trading lower by 175 points and the Sensex slipping modestly, as markets corrected after Monday’s sharp rally that analysts attributed partly to a technical distortion from the new Closing Auction Session mechanism. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-4th-august-2026/article71301258.ece)
- 2026-07-15 — Mint: **Belrise Industries share price gains after  ₹1,200 crore QIP launch** — Belrise Industries share price has risen 13% in three months and has gained 36% in six months. The stock has rallied 27% on a year-to-date (YTD) basis, and has jumped 97% in one year. — [Source](https://www.livemint.com/market/stock-market-news/belrise-industries-share-price-gains-on-rs-1-200-crore-qip-launch-11784089291477.html)
- 2026-07-15 — The Hindu: **Stock Market Today Live, July 15: Gift Nifty signals flat opening; Q1 earnings in focus** — Sensex Today, Nifty 50 | Stock Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 15th July 2026. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-15-july-2026/article71220956.ece)
- 2026-07-14 — CNBC-TV18: **Belrise Industries launches ₹1,200 crore QIP; floor price fixed at ₹231 per share** — Shares of Belrise Industries Ltd ended at ₹232.30, down by ₹4.40, or 1.86%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/belrise-industries-share-price-launches-rs-1200-crore-qip-floor-price-fixed-at-rs-230-per-share-19945555.htm)

## Business profile

**Strategic vision:** Manufactures automotive and white goods components, expanding into eMobility.

### Business segments
- **Suspension Systems:** Manufactures suspension systems for automotive applications.
- **Foundry:** Operates a foundry for producing metal components.
- **Metal Fabrication:** Engaged in the fabrication of metal parts for various industries.
- **Floriculture:** Involved in the cultivation and sale of flowers.
- **Metal Processing:** Provides services related to the processing of metals.
- **Polymer Processing:** Manufactures components through polymer processing.
- **eMobility:** Delivers eMobility components and subsystems for electric vehicles.
- **Surface Treatment:** Offers surface treatment services for manufactured parts.
- **Mirror Systems:** Manufactures mirror systems for automotive applications.
- **Aerospace & Defense:** Operates in the aerospace sector through its subsidiary, Belrise Aerospace & Defense.

### Competitive strengths
- Integrated manufacturing capabilities across automotive and white goods sectors.
- Diversification into eMobility and aerospace sectors.
- Strategic acquisitions, such as SDM in France.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/belrise
Markdown representation: https://faxioms.com/stocks/belrise?render=md