Company Profile
Overview:
Belrise Industries Limited is a leading Indian manufacturer focused on delivering high-quality engineering and automotive solutions. The company specializes in the design, development, and production of a wide array of components and systems for the automotive sector, serving both domestic and international markets.
Core Areas of Expertise:
- Automotive systems and components
- Chassis and suspension assemblies
- Advanced manufacturing and engineering services
- Product development and innovation
Market Presence:
Belrise Industries has established a strong footprint in India with multiple state-of-the-art manufacturing facilities strategically located to serve major automobile manufacturers. The company is also expanding its global presence through partnerships and exports.
Commitment to Quality:
With a focus on precision engineering and technology-driven production, Belrise adheres to strict quality standards. Continuous improvement, sustainability, and customer satisfaction form the pillars of its operational philosophy.
Vision:
To be a trusted global partner in engineering excellence, driving innovation and sustainable growth across the mobility sector.
Mission:
To deliver superior value through innovative solutions, advanced technology, and reliable services while contributing positively to the communities and industries served.
Values:
- Innovation
- Integrity
- Sustainability
- Excellence
- Customer Focus
Leadership & Growth:
Driven by a forward-looking leadership team, Belrise Industries is committed to scaling new heights in performance and capability. The company actively invests in research, workforce development, and process optimization to stay ahead in a dynamic market environment.
Business Model
Belrise Industries Limited operates on a manufacturing and supply-driven business model primarily focused on the automotive and engineering sectors. The company creates value by designing, producing, and delivering specialized automotive components and systems to Original Equipment Manufacturers (OEMs) and Tier-1 suppliers.
Key Elements of the Business Model:
- Product Development & Engineering:
Belrise invests in research and development to innovate and customize automotive components that meet the evolving needs of vehicle manufacturers. This includes components for chassis, suspension systems, and other critical assemblies. - Manufacturing Excellence:
The company leverages advanced manufacturing technologies and automated processes across its facilities to produce high-quality, precision-engineered products efficiently and at scale. - Customer-Centric Supply Chain:
Belrise maintains close collaborations with OEMs and Tier-1 suppliers to ensure timely delivery, flexibility, and responsiveness in production, adapting quickly to market demands and specifications. - Quality & Compliance:
Strict adherence to international quality standards and regulatory requirements is embedded into the production lifecycle, enabling Belrise to sustain long-term partnerships with global automotive brands. - Cost Efficiency & Scalability:
By optimizing manufacturing operations and sourcing raw materials strategically, Belrise manages cost-effective production while scaling its output to meet increasing demand. - Aftermarket & Value-Added Services:
Beyond original manufacturing, Belrise may engage in providing aftermarket support and engineering services that enhance product lifecycle and customer satisfaction.
Product Portfolio
Automotive Components
- Metal Processing: Manufacturing of chassis and body-in-white (BIW) parts, exhaust systems, press parts, and seating components.
- Polymer Processing: Production of two-wheeler fairings, seat and side covers, luggage boxes, helmets, and headlight housings.
- Surface Treatment: Specialization in tri-hexavalent nickel chrome plating of mild steel and stainless steel to meet CASS tests, ensuring aesthetic appeal.
- Mirror Systems: Design and manufacture of outer and inner rearview mirrors for passenger and commercial vehicles.
- Suspension Systems: Production of front forks for two-wheelers, shock absorbers, semi-trailing arms, and wishbone assemblies for passenger and commercial vehicles.
- Foundry: Casting of automotive systems like clutch and pressure plates, flywheels, control arms, crankshafts, housings, hubs, and calipers.
Home Appliances
- Components: Manufacture of refrigerator vegetable trays, freezer grills, fridge baskets, and thermostat parts.
Security Hardware
- Devices: Production of household locks and bolts for home security applications.
Floriculture
- Rose Plantation: Engagement in rose cultivation, contributing to the floriculture industry.
Financial Snapshot (as of March 31, 2024)
📊 Financial Highlights (₹ in Crores)
| Metric | Value (₹ Crore) |
|---|---|
| Revenue | ₹7,555.67 |
| Net Profit After Tax | ₹352.70 |
| Total Assets | ₹6,041.65 |
| Net Worth | ₹2,331.92 |
| Reserves & Surplus | ₹2,014.43 |
| Total Borrowings | ₹2,440.98 |
📈 Key Financial Ratios
| Ratio | Value | Description |
|---|---|---|
| Return on Equity (ROE) | 15.1% | Indicates profitability relative to shareholder equity |
| Return on Assets (ROA) | 5.8% | Shows how efficiently assets generate profit |
| Gross Profit Margin | 25.5% | Percentage of revenue remaining after cost of goods sold |
| Net Profit Margin | 4.7% | Percentage of net profit relative to total revenue |
| Current Ratio | 1.35 | Measures short-term liquidity (current assets/current liabilities) |
| Debt to Equity Ratio | 1.05 | Financial leverage, showing proportion of debt vs equity |
| Inventory Turnover | 6.8 times | How often inventory is sold and replaced over a period |
| Interest Coverage Ratio | 4.2 times | Ability to pay interest on outstanding debt |
Initial Public Offering (IPO) Plans
Issue Size: ₹2,150 crore (fresh issue)
Face Value: ₹5 per equity share
Price Band: ₹85 to ₹90 per share
Retail Portion: 35%
Qualified Institutional Buyers (QIB) Portion: 50%
Non-Institutional Investors (NII) Portion: 15%
Listing: Expected on BSE and NSE
Lead Managers: Axis Capital, HSBC Securities, Jefferies India, SBI Capital Markets
Objectives of the Issue
- Debt Repayment:
A significant portion of the proceeds will be used to reduce the company’s outstanding debt. This will help strengthen the balance sheet, reduce interest expenses, and improve the company’s overall financial health and credit profile. - Support Business Growth:
The funds will enable Belrise Industries to invest in expanding its manufacturing capacities, upgrading technology, and enhancing research and development efforts to meet growing market demand. - General Corporate Purposes:
A portion of the raised capital will be allocated towards general corporate needs such as working capital, operational expenses, and strategic initiatives that support long-term business objectives. - Enhancing Financial Flexibility:
By improving the capital structure and reducing leverage, the company aims to gain greater financial flexibility to pursue future growth opportunities and strengthen stakeholder confidence.
Strengths for Investors
Strong Industry Presence:
Belrise is a well-established player in the automotive components sector with a diversified product portfolio serving leading OEMs across two-wheelers, passenger vehicles, and commercial vehicles.
Diverse Customer Base:
The company has long-standing relationships with reputed domestic and international customers, including major automotive manufacturers, which helps ensure steady demand and reduces dependency on any single client.
Integrated Manufacturing Capabilities:
Belrise offers end-to-end manufacturing solutions, including metal processing, polymer components, surface treatments, and assembly, allowing efficient control over quality and costs.
Focus on Innovation and R&D:
Continuous investment in technology and product development enhances the company’s ability to offer advanced, customized solutions aligned with evolving automotive trends like electric vehicles and lightweight materials.
Strong Financial Position:
With healthy revenue growth, improving profit margins, and a strategy to reduce debt through IPO proceeds, the company is well-positioned to sustain and enhance profitability.
Strategic Acquisitions:
Recent acquisitions expand Belrise’s capabilities and customer reach, supporting diversification and strengthening its competitive advantage.
Experienced Management Team:
The company benefits from a seasoned leadership team with extensive experience in manufacturing, operations, and industry relationships.
Growth Potential in Automotive Sector:
As the automotive industry evolves with increasing focus on electric vehicles and sustainable mobility, Belrise’s versatile product range and innovation focus position it well to capitalize on emerging opportunities.
Future Outlook
Borana Weaves Limited is well-positioned to capitalize on the growing demand for synthetic textiles driven by expanding markets in both domestic and international sectors. With plans to enhance production capacity through new manufacturing facilities, the company aims to meet increasing customer needs efficiently.
The focus on innovation and sustainable manufacturing practices will further strengthen its competitive edge, appealing to environmentally conscious buyers and regulatory bodies. Continuous investment in technology and process optimization is expected to improve operational efficiency and reduce costs.
Additionally, Borana Weaves plans to diversify its product offerings and expand into new market segments, which can drive revenue growth and enhance profitability. Strong management and financial discipline provide a solid foundation for navigating market challenges and capturing emerging opportunities.
Overall, the company’s future looks promising as it pursues strategic growth initiatives, embraces sustainability, and leverages its industry expertise to build long-term value for stakeholders.
Vision and Leadership
Belrise Industries Limited envisions becoming a global leader in the automotive components sector by driving innovation, sustainability, and excellence in manufacturing. The company aims to be at the forefront of the electric vehicle (EV) revolution, delivering cutting-edge solutions that meet the evolving needs of the automotive industry. With a commitment to quality and customer satisfaction, Belrise strives to engineer the future of mobility through advanced technologies and sustainable practices.
Growth Prospects
Expansion of Product Range
The company is broadening its product offerings to include advanced components for electric vehicles, aligning with the global shift toward cleaner and more sustainable transportation solutions.
Strengthening Financial Health
With plans to reduce debt and optimize its capital structure, Belrise aims to improve its financial flexibility, enabling it to invest more aggressively in innovation, capacity expansion, and new market development.
Increasing International Presence
By growing exports and entering new markets abroad, Belrise is diversifying its revenue streams and reducing dependency on domestic demand, which can provide more stability and growth opportunities.
Strategic Acquisitions
Targeted acquisitions allow the company to expand its technological capabilities, product portfolio, and customer base, supporting faster growth and enhanced competitiveness.
Focus on Operational Efficiency
Continuous improvements in manufacturing processes and supply chain management help Belrise reduce costs and improve margins, positioning it well against competitors.
Strong Relationships with OEMs
Long-standing partnerships with major automotive manufacturers provide a stable customer base and opportunities to collaborate on new product development, further driving growth.
Commitment to Sustainability
Adopting environmentally responsible practices and developing eco-friendly products enhances Belrise’s reputation and aligns with increasing regulatory and consumer demands.
