114  Total SME IPOs listed in 2025

5,174.44 Crs.  Total funds raised in 2025

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

114  Total SME IPOs listed in 2025

5,174.44 Crs.  Total funds raised in 2025

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

114  Total SME IPOs listed in 2025

5,174.44 Crs.  Total funds raised in 2025

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

114  Total SME IPOs listed in 2025

5174.44 Crs.  Total funds raised in 2,025.00

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

Belrise Industries Limited IPO Analysis

Belrise Industries IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 2150.00 Cr. The company is based in Mumbai and caters to Engineering - Automotive sector. Axis Capital , Hsbc Securities & Capital Markets Limited , Jefferies India , SBI Capital Markets are the merchant bankers of Belrise Industries IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 19th November 2024.

Belrise Industries IPO posted revenues of ₹ 8,086.35 Cr. and PAT of ₹ 327.29 Cr. in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 8,086.35 Cr.
            EBITDA: ₹ 1,022.72 Cr.
            PAT: ₹ 327.29 Cr.
  • EBITDA Margin: 12.65 %
            Pat Margin: 4.05 %
  • Net Worth: ₹ 2577.55 Cr.
  • Market Capitalisation: ₹ 8008.91 Cr.
  • P/E: 24.47 times
  • P/BV: 1.69 times
  • EV/EBITDA: 10.36 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Belrise Industries IPO Financial Performance (Restated)

Financial results of Belrise Industries IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Dec-24 FY24 FY23 FY22
Balance Sheet
Assets 6587.69 6041.60 5679.10 5196.00
Net Worth 2577.55 2339.90 2044.50 1735.60
Total Debt 2599.80 2440.90 2271.30 2597.90
Profit & Loss
Revenue
Revenue on annualised basis
6064.76
8,086.35
7484.20 6582.40 5396.80
EBITDA
EBITDA on annualised basis
767.04
1,022.72
938.30 897.60 763.40
PAT
PAT on annualised basis
245.47
327.29
310.80 343.60 261.80
Financials
31-Dec-24
FY24
FY23
FY22
Balance Sheet
Assets
6,587.69
6,041.60
5,679.10
5,196.00

Net Worth
2,577.55
2,339.90
2,044.50
1,735.60

Total Debt
2,599.80
2,440.90
2,271.30
2,597.90

Profit & Loss
Revenue
Revenue on annualised basis
6,064.76
8,086.35
7,484.20
6,582.40
5,396.80

EBITDA
EBITDA on annualised basis
767.04
1,022.72
938.30
897.60
763.40

PAT
PAT on annualised basis
245.47
327.29
310.80
343.60
261.80

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Belrise Industries IPO Key performance Indicators (KPI)

Belrise Industries IPO PAT Margin is 4.05 % , ROCE (Return on Capital Employed) is 11.03 % as per latest financial. The below table shows Belrise Industries IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Dec-24 FY24 FY23 FY22
EBITDA Margin (%) 12.65 12.54 13.64 14.15
PAT Margin (%) 4.05 4.15 5.22 4.85
EPS (₹) 4.57 4.78 4.82 4.02
ROE (%) 9.52 13.28 16.81 15.08
ROCE (%) 11.03 14.83 14.06 12.86
ROA (%) 3.73 5.14 6.05 5.04
Debt to Equity 1.01 1.04 1.11 1.50
Particulars
31-Dec-24
FY24
FY23
FY22

EBITDA Margin (%)
12.65
12.54
13.64
14.15

PAT Margin (%)
4.05
4.15
5.22
4.85

EPS (₹)
4.57
4.78
4.82
4.02

ROE (%)
9.52
13.28
16.81
15.08

ROCE (%)
11.03
14.83
14.06
12.86

ROA (%)
3.73
5.14
6.05
5.04

Debt to Equity (x)  
1.01
1.04
1.11
1.50

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Belrise Industries IPO Valuation Metrics

The market Capitalisation of Belrise Industries IPO is ₹ 8008.91 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
8,008.91

Enterprise Value (EV) (₹ Cr.):
10,596.91

EV/EBITDA (times) :
10.36

PE Multiple (times) :
24.47

P/B (times) :
1.69

NAV (₹) :
39.75

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Belrise Industries prospectus?

The Belrise Industries IPO prospectus highlights an Return on Equity (ROE) of 9.52 % , Return on Assets (ROA) of 3.73 %, and an EBITDA Margin of 12.65 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Belrise Industries IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Belrise Industries IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Belrise Industries IPO ?

The post-IPO market capitalisation of Belrise Industries IPO is ₹ 8008.91 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Belrise Industries IPO?

The Belrise Industries IPO has a Price-to-Earnings (PE) ratio of 24.47 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Belrise Industries IPO?

Belrise Industries IPO reported revenue of ₹ 8086.35 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Belrise Industries IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Belrise Industries IPO?

Belrise Industries recorded an EBITDA of ₹ 1,022.72 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Belrise Industries IPO?

Belrise Industries Profit After Tax (PAT) is ₹ 327.29 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 8,086.35 Cr.
            EBITDA: ₹ 1,022.72 Cr.
            PAT: ₹ 327.29 Cr.
  • EBITDA Margin: 12.65 %
            Pat Margin: 4.05 %
  • Net Worth: ₹ 2,577.55 Cr.
  • Market Capitalisation: 8,008.91
  • P/E: 24.47 times
  • P/BV: 1.69 times
  • EV/EBITDA: 10.36

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Belrise Industries operates in Engineering - Automotive and Manufactures Automotive Sheet Metal And Casting Parts, Polymer Components. The Issue is listed on BSE,NSE in May, 2025. Belrise Industries IPO size was 2150.00 with Issue price of 90.00 .

Merchant Banker(s) of Belrise Industries IPO: Axis Capital Limited , Hsbc Securities & Capital Markets Private limited , Jefferies India Private Limited , SBI Capital Markets Limited

Belrise Industries IPO subscription was 43.14 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Belrise Industries IPO listed at a listing price of 89.80 against the offer price of 90.00.

The current market price of Belrise Industries is 124.28.

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