Belrise Industries share price target 2025: As investors eagerly await the listing of Belrise Industries Limited, formerly known as Badve Engineering, the spotlight is on the company’s potential in the Indian automotive components sector. With its IPO opening between May 21 and 23, 2025, and a projected listing price between ₹85–₹90, investors are keenly analyzing the Belrise Industries share price target 2025 and beyond.
In this article, we take a deep dive into the company’s fundamentals, financials, IPO details, and industry dynamics to provide you with a comprehensive outlook from 2025 to 2030.
About Belrise Industries
Belrise Industries is a leading Tier-1 supplier of automotive systems and components. The company is based in Pune, Maharashtra, and has a strong manufacturing base with 33 facilities across India.
Product Portfolio Includes:
-
Exhaust systems
-
Chassis and frame components
-
Polymer body parts
-
Suspension and braking systems
-
BIW (Body-in-White) assemblies
-
Mirror systems
Key Clients:
Bajaj Auto, Hero MotoCorp, Honda Motorcycle, Jaguar Land Rover, and Royal Enfield, among others.
With more than 25 years in business, Belrise has built a reputation for quality engineering and robust supply chain capabilities.
Belrise Industries IPO Highlights
-
IPO Dates: May 21 – 23, 2025
-
Price Band: ₹85 – ₹90 per share
-
Issue Size: ₹2,150 crore
-
Face Value: ₹5
-
Lot Size: 166 shares
-
Purpose: Repayment of debt, general corporate purposes, expansion
-
Lead Managers: Axis Capital, Jefferies India, HSBC Securities
-
Registrar: Link Intime India
Belrise’s IPO has attracted significant interest due to the company’s solid track record and industry relevance.
Belrise Industries IPO Timeline
IPO Activity | Date |
---|---|
Basis of Allotment Date | 26th May 2025 |
Refunds Initiation | 27th May 2025 |
Credit of Shares to Demat | 27th May 2025 |
IPO Listing Date | 28th May 2025 |
Note: These dates are tentative and may be updated by the registrar or lead managers based on regulatory approvals and subscription status.
Belrise Industries IPO GMP Trend – Day-wise Analysis
The Grey Market Premium (GMP) reflects investor sentiment ahead of the listing. Below is the day-wise GMP trend for Belrise Industries IPO as of May 16, 2025.
GMP Date | IPO Price (₹) | GMP (₹) | Today’s Movement | Sub2 Sauda Rate | Estimated Listing Price (₹) | Estimated Profit (₹) | Last Updated |
---|---|---|---|---|---|---|---|
16-May-2025 | ₹90.00 | ₹15 | GMP Up | 1900/26600 | ₹105 (16.67%) | ₹2,490 | 16-May-2025 19:01 |
15-May-2025 | — | ₹0 | GMP No Change | — | ₹90 (0.00%) | — | 15-May-2025 05:55 |
14-May-2025 | — | ₹0 | GMP No Change | — | ₹90 (0.00%) | — | 14-May-2025 05:55 |
13-May-2025 | — | ₹0 | GMP No Change | — | ₹90 (0.00%) | — | 13-May-2025 05:55 |
12-May-2025 | — | ₹0 | GMP No Change | — | ₹90 (0.00%) | — | 12-May-2025 05:55 |
11-May-2025 | — | ₹0 | GMP No Change | — | ₹90 (0.00%) | — | 11-May-2025 05:55 |
10-May-2025 | — | ₹0 | GMP No Change | — | ₹90 (0.00%) | — | 10-May-2025 05:55 |
Financial Performance Snapshot
Year | Revenue (₹ Cr) | EBITDA (₹ Cr) | Net Profit (₹ Cr) |
---|---|---|---|
FY 2022 | 5,398 | 755 | 263 |
FY 2023 | 6,577 | 870 | 310 |
FY 2024 | 7,484 | 928 | 313 |
H1 FY25 | 3,850 | 483 | 145 |
CAGR (Revenue): Approx. 15%
EBITDA Margin (FY24): 12.4%
Debt-to-Equity Ratio: ~0.97
The numbers reflect healthy and consistent growth, solidifying the bullish outlook on Belrise Industries share price target 2025.
Belrise Industries IPO Peer Comparison
To evaluate the valuation and performance potential of Belrise Industries, it’s helpful to compare its financial metrics with listed peers in the auto components sector, as disclosed in the DRHP/RHP.
Company | EPS (Basic) | EPS (Diluted) | NAV (₹) | P/E (x) | RoNW (%) | Financials |
---|---|---|---|---|---|---|
Belrise Industries Ltd | 4.78 | 4.78 | 35.94 | To be listed | 13.33 | Consolidated |
Bharat Forge Ltd. | 20.43 | 20.43 | 153.90 | 58.94 | 13.84 | Consolidated |
UNO Minda Ltd. | 15.36 | 15.34 | 91.71 | 62.19 | 21.68 | Consolidated |
Motherson Sumi Wiring India Ltd. | 1.44 | 1.44 | 3.79 | 39.42 | 42.45 | Consolidated |
JBM Auto Ltd. | 15.12 | 15.12 | 98.75 | 45.52 | 22.21 | Consolidated |
Endurance Technologies Ltd. | 48.38 | 48.38 | 353.86 | 44.76 | 16.24 | Consolidated |
Minda Corporation Ltd. | 9.65 | 9.49 | 82.84 | 51.32 | 13.99 | Consolidated |
Key Insights from the Comparison
-
Valuation Advantage: Belrise Industries’ IPO pricing seems conservative when compared to its peers with P/E multiples ranging from 39x to over 60x.
-
Decent Profitability: With a Return on Net Worth (RoNW) of 13.33%, Belrise is competitively positioned among established players.
-
Growth Potential: While larger peers like UNO Minda and Bharat Forge have higher EPS and NAV, Belrise has significant room to grow post-listing due to its scale and upcoming expansion strategies.
SWOT Analysis
Strengths:
-
Strong OEM partnerships
-
Pan-India manufacturing
-
Diversified components portfolio
-
Consistent revenue growth
Weaknesses:
-
High exposure to the two-wheeler segment (80–90%)
-
Operating in a capital-intensive industry
Opportunities:
-
Expansion into EV and hybrid components
-
Export potential to ASEAN and EU
-
Strategic acquisitions like H-One India
Threats:
-
Competition from global OEM suppliers
-
Raw material cost volatility
-
Regulatory changes affecting emissions or manufacturing norms
Belrise Industries Share Price Target 2025-2030
Let’s now project realistic stock targets for Belrise Industries from 2025 to 2030 based on fundamental analysis, peer comparisons, and market trends.
🔹 2025 Target Price: ₹110 – ₹125
Belrise is expected to benefit from IPO momentum, efficient capital deployment, and positive sentiment in the auto sector. Assuming a PE multiple of 22–24x and EPS of ₹5, the stock could see a 25–35% upside post-listing.
🔹 2026 Target Price: ₹135 – ₹150
As IPO funds are deployed and expansion plans kick in, revenue growth and improved margins will likely push the price further. Export orders or EV-focused partnerships could act as key growth catalysts.
🔹 2027 Target Price: ₹160 – ₹175
By this stage, the company may have reduced its debt significantly, allowing for better net profit margins. The auto sector’s shift towards hybrid and electric vehicles can further expand Belrise’s order book.
🔹 2028 Target Price: ₹185 – ₹200
If Belrise successfully capitalizes on the EV boom and manages to enter global markets through JVs or exports, investor confidence could push the price higher.
🔹 2029 Target Price: ₹210 – ₹225
Operational efficiency, improved asset utilization, and a stronger product mix could drive long-term value creation. New manufacturing facilities may also be commissioned.
🔹 2030 Target Price: ₹240 – ₹260
With a possible diversification into non-automotive verticals or smart mobility solutions, Belrise could emerge as a mid-cap leader in the industrial space. At this point, it may even be considered for broader indices inclusion.
Industry Trends Supporting Growth
-
EV and Hybrid Boom: India aims for 30% EV penetration by 2030.
-
PLI Schemes: Government incentives are encouraging component manufacturing in India.
-
Growing Exports: Indian auto components exports are expected to cross $80 billion by 2026.
-
Make in India Push: Favorable policy tailwinds for domestic manufacturers like Belrise.
Should You Invest in Belrise Industries IPO?
Pros:
-
Consistent profitability
-
Exposure to growing auto segments
-
Professional management
-
Competitive valuation
Cons:
-
High dependence on 2-wheeler market
-
Cyclical risks of the auto sector
-
Low brand visibility (B2B model)
If you’re a long-term investor with a moderate risk appetite, Belrise Industries stock could offer significant upside from 2025 to 2030.
Final Thoughts
The Belrise Industries share price target 2025 shows promising upside potential, driven by solid financials, strong industry positioning, and future-ready business plans. As the company expands into electric vehicle components and potentially scales up exports, investors could witness steady appreciation over the next five years.
Whether you’re considering participating in the IPO or planning to invest post-listing, Belrise Industries could be a valuable addition to your portfolio, especially if you’re eyeing future gains through 2026, 2027, 2028, 2029, and 2030.
Disclaimer
The information provided in this article is for educational and informational purposes only. It should not be considered as investment advice or a recommendation to buy, sell, or hold any stock or financial instrument. The views and analysis expressed are based on publicly available data and market trends as of the time of writing. Stock markets are subject to high risks and volatility, and past performance is not indicative of future results. Readers are advised to conduct their own research and consult with a certified financial advisor before making any investment decisions. The author and the website do not assume any liability for financial losses incurred based on the content of this article.
🔍 FAQs – Belrise Industries Stock Forecast
Q1. What is the Belrise Industries share price target 2025?
A1. ₹110 to ₹125, based on PE valuation and earnings growth.
Q2. Is Belrise a good long-term stock?
A2. Yes, due to consistent revenue growth, industry demand, and diversification plans.
Q3. Can Belrise benefit from the EV trend?
A3. Definitely. The company is already making components suitable for electric and hybrid vehicles.
Read More:
Borana Weaves Share Price Target 2025 to 2030 – Borana Weaves IPO Detailed Forecast & Analysis
Virtual Galaxy Share Price Target 2025 to 2030: Will It Be the Next Multibagger IT Stock?