Belrise Industries Ltd
About
Belrise Industries, founded in 1988, is an Indian manufacturing company specialising in the automotive and white goods industries. One in three two-wheelers in India is furnished with a frame assembly manufactured by Belrise. Additionally, the company offers metal forming, metal processing, metal fabrication, eMobility, polymer processing, suspension systems, and surface treatments, among others. Its key products include automotive sheet metal and casting parts, freezer grills, refrigerator vegetable trays, clutch and pressure plates, and home security devices like bolts and locks. With more than 15 manufacturing facilities in India and 2000 employees, Belrise Industries has catered to clients like Jaguar, Land Rover, TVS, Hero, Volvo, and Eicher Motors.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 7495 12.4% | 6667 22.8% | 5429 34.6% | 4035 4.5% | 3859 11.6% | 3460 14.8% | 3013 37.2% | 2196 22.4% | 1795 25.5% | 1431 40.8% | 1016 - |
| Net Operating Income (INR Cr) | 7484 13.78% | 6578 21.84% | 5399 0.00% | 4007 4.67% | 3828 16.58% | 3284 14.92% | 2857 0.00% | 2190 22.48% | 1788 25.69% | 1423 40.27% | 1014 0.00% |
| Profit (INR Cr) | 314 1.3% | 310 17.7% | 263 50.8% | 175 -24.1% | 230 32.9% | 173 -15.4% | 205 112.1% | 96 18.5% | 81 3.7% | 79 28.1% | 61 - |
| Assets (INR Cr) | 4993 11.3% | 4486 0.6% | 4461 14.0% | 3914 17.3% | 3338 18.5% | 2818 21.7% | 2316 52.3% | 1520 12.5% | 1352 25.3% | 1079 44.9% | 745 - |
| Net Worth (INR Cr) | 2340 14.6% | 2042 17.6% | 1737 0.0% | 1437 13.8% | 1262 29.9% | 972 22.1% | 796 0.0% | 486 25.2% | 388 27.3% | 305 35.7% | 225 0.0% |
| Employee Cost (INR Cr) | 275 16.5% | 236 5.6% | 223 2.6% | 218 -7.7% | 236 13.5% | 208 7.9% | 193 31.9% | 146 18.1% | 124 20.5% | 103 18.0% | 87 - |
| Interest Cost (INR Cr) | 290 | 250 | 215 | 197 | 163 | 146 | 111 | 79 | 64 | 41 | 28 |
| Cash & Bank Balance (INR Cr) | 250 | 141 | 75 | 86 | 71 | 67 | 11 | 6 | 13 | 8 | 3 |
| Total Debt (INR Cr) | 2504 | 2353 | 2632 | 2382 | 1973 | 1841 | 1516 | 978 | 927 | 735 | 482 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 4.2% | 4.7% | 4.9% | 4.3% | 6.0% | 5.0% | 6.8% | 4.4% | 4.5% | 5.5% | 6.0% |
| Profit As % Of Assets | 6.3% | 6.9% | 5.9% | 4.5% | 6.9% | 6.1% | 8.8% | 6.3% | 6.0% | 7.3% | 8.2% |
| Profit As % Of Networth | 13.4% | 15.2% | 15.2% | 12.2% | 18.2% | 17.8% | 25.7% | 19.9% | 21.0% | 25.8% | 27.3% |
| Interest Cost to EBITDA % | 31.7% | 28.8% | 28.5% | 34.6% | 30.3% | 39.9% | 35.1% | 28.3% | 29.3% | 24.7% | 25.7% |
| Debt to Equity Ratio | 1.07 | 1.15 | 1.52 | 1.66 | 1.56 | 1.89 | 1.90 | 2.01 | 2.39 | 2.41 | 2.14 |
| RONW | 14.3% | 16.4% | 15.2% | 12.9% | 20.6% | 19.6% | 25.7% | 22.1% | 23.5% | 29.7% | 27.3% |
| ROCE | 14.1% | 13.5% | 11.8% | 10.8% | 12.9% | 14.2% | 15.2% | 15.8% | 15.2% | 16.0% | 12.7% |