Belrise Key Ratios
NSE: BELRISE | BSE: 544405
₹237.50
As on 01-Oct-2026IST
Market cap
₹22,975 Cr
Revenue (TTM)
₹9,793 Cr
P/E Ratio
45.3
P/B Ratio
3.3
Div. Yield
0.2 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -0.25 | 12.57 | 11.64 | 13.04 | 17.21 |
| EBIT | -2.09 | 2.08 | 9.94 | 11.71 | 15.91 |
| Net Profit | -5.88 | 8.94 | 29.05 | 16.57 | 22.31 |
| EPS | -6.57 | 8.94 | 1.43 | 5.04 | 14.90 |
| Book Value | -- | -- | 42.38 | 23.20 | 21.39 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 8.99 | 8.57 | 8.14 | 8.34 | 8.32 |
| Net Margin
| 5.37 | 4.63 | 5.12 | 5.17 | 4.25 |
| Return on equity
| 13.45 | 14.81 | 10.01 | 12.56 | 14.15 |
| Return on Capital
| 13.64 | 14.14 | -- | 14.65 | 14.53 |
| Return on Assets
| 5.83 | 5.58 | 6.43 | 6.24 | 5.31 |
| Debt to Equity (x)
| -- | -- | 0.14 | 0.28 | 1.08 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
--
|
14.65
|
14.53
|
14.65
|
14.04
|
|
Peer Median
|
--
|
17.18
|
17.54
|
--
|
--
|
ROE
10.01
Lower than Peers by 5.65
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
10.01
|
12.56
|
14.15
|
14.31
|
16.60
|
|
Peer Median
|
15.67
|
15.46
|
13.25
|
--
|
--
|
ROA
6.43
Lower than Peers by 1.81
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
6.43
|
6.24
|
5.31
|
5.32
|
5.73
|
|
Peer Median
|
8.24
|
7.68
|
8.13
|
--
|
--
|
EBIT Margin
8.14
Lower than Peers by 1.82
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
8.14
|
8.34
|
8.32
|
8.11
|
8.64
|
|
Peer Median
|
9.96
|
9.33
|
8.63
|
--
|
--
|
Net Margin
5.12
Lower than Peers by 2.96
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
5.12
|
5.17
|
4.25
|
4.15
|
4.74
|
|
Peer Median
|
8.08
|
6.46
|
6.57
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
--
|
9.02
|
8.26
|
8.49
|
9.43
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
11.64
Lower than Peers by 0.64
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
11.64
|
14.69
|
10.78
|
13.70
|
21.97
|
|
Peer Median
|
12.28
|
15.78
|
11.86
|
--
|
--
|
EBIT Growth
9.94
Lower than Peers by 8.09
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
9.94
|
14.93
|
13.63
|
6.73
|
11.73
|
|
Peer Median
|
18.03
|
15.67
|
12.05
|
--
|
--
|
Net Profit Growth
29.05
Higher than Peers by 7.44
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
29.05
|
39.79
|
13.27
|
0.05
|
19.79
|
|
Peer Median
|
21.61
|
0.42
|
1.34
|
--
|
--
|
EPS Growth
1.43
Lower than Peers by 14.98
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
1.43
|
2.26
|
13.27
|
0.05
|
19.79
|
|
Peer Median
|
16.41
|
1.00
|
8.89
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
--
|
94.63
|
14.74
|
14.46
|
17.79
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.14
Higher than Peers by 0.01
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
0.14
|
0.28
|
1.08
|
1.04
|
1.11
|
|
Peer Median
|
0.14
|
0.38
|
0.32
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
--
|
0.11
|
0.30
|
0.22
|
0.29
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.97
Higher than Peers by 0.71
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
1.97
|
1.94
|
1.33
|
1.51
|
1.33
|
|
Peer Median
|
1.26
|
1.18
|
1.23
|
--
|
--
|
Quick Ratio
1.60
Higher than Peers by 0.73
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
1.60
|
1.58
|
1.06
|
1.22
|
1.08
|
|
Peer Median
|
0.87
|
0.79
|
0.83
|
--
|
--
|
Interest Coverage
4.50
Lower than Peers by 3.78
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
4.50
|
3.87
|
2.45
|
2.30
|
2.42
|
|
Peer Median
|
8.28
|
7.90
|
8.72
|
--
|
--
|
Operating Efficiency
Debtors to sales
17.91
Higher than Peers by 2.75
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
17.91
|
18.44
|
19.19
|
16.41
|
19.44
|
|
Peer Median
|
15.16
|
14.15
|
14.88
|
--
|
--
|
Asset Turnover
1.24
Higher than Peers by 0.25
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
1.24
|
1.19
|
1.24
|
1.27
|
1.20
|
|
Peer Median
|
0.99
|
1.15
|
1.00
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
--
|
64.19
|
62.05
|
61.15
|
61.36
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
--
|
32.41
|
30.50
|
28.52
|
28.14
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
--
|
57.35
|
50.92
|
52.29
|
51.62
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
--
|
39.26
|
41.63
|
37.38
|
37.88
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
45.33
Lower than Peers by 9.91
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
45.33
|
33.31
|
--
|
--
|
--
|
|
Peer Median
|
55.24
|
55.24
|
52.81
|
--
|
--
|
Price / Book Value
3.26
Lower than Peers by 5.03
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
3.26
|
3.17
|
--
|
--
|
--
|
|
Peer Median
|
8.29
|
8.29
|
6.75
|
--
|
--
|
Dividend Yield
0.23
Lower than Peers by 0.19
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
0.23
|
0.30
|
--
|
--
|
--
|
|
Peer Median
|
0.42
|
0.42
|
0.55
|
--
|
--
|
EV/EBITDA
18.63
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
18.63
|
13.57
|
2.84
|
2.52
|
2.35
|
|
Peer Median
|
--
|
46.44
|
39.31
|
--
|
--
|
Market Cap
22,975
Lower than Peers by 89,872
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Belrise
|
22,975
|
16,552
|
--
|
--
|
--
|
|
Peer Median
|
1,12,846
|
1,12,846
|
62,764
|
--
|
--
|