Subscribe for Belrise Industries Ltd IPO; Geojit Financial Services

Geojit Financial Services, has come out with its report on Belrise Industries Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on May 20, 2025.

Broker Research

May 21, 2025 / 10:36 IST

IPO

Geojit Financial Services, Belrise Industries Ltd

Belrise Industries Ltd (BIL), established in 1996, is a leading Indian manufacturer of automotive components, specializing in safety-critical and precision-engineered solutions across vehicle segments, including two-, three-, and four-wheelers, commercial, and agricultural vehicles. In FY24, BIL held a 24% market share in the two-wheeler metal components segment. Its diversified product portfolio spans chassis systems, polymer and suspension components, BIW structures, and exhaust systems for both EVs and ICE vehicles. As of 9MFY25, BIL has built strategic partnerships with 29 global OEMs, such as Bajaj Auto, Honda, Hero MotoCorp, Jaguar Land Rover, and Royal Enfield. The company operates 17 facilities across 10 cities in 9 states, processing 60,000 tons of steel annually.

Valuation and Outlook

Given its dominant market share, diversified product portfolio, strong presence in EV& IC engine segments, capacity expansions, optimize inventory management and favourable industry outlook, we recommend a "Subscribe" rating for a long-term basis.

For all IPO report, click here