{
  "id": 1937823,
  "title": "Broker’s Call: Belrise Industries (Buy)",
  "url": "https://urgent.news/2026/08/19/brokers-call-belrise-industries-buy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T12:55:41.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/brokers-call-belrise-industries-buy/article71364364.ece"
  },
  "original_language": "en",
  "account": "Belrise Industries announced a Buy rating in response to the company's ability to navigate cost pressures in recent quarters. The firm retained its FY27 margin guidance, citing historical low margin volatility and strong EBITDA margins ranging between 12-14 percent from FY21-26. Belrise secured new orders in Q1, including chassis from a fast-growing 2W/3W OEM, braking and suspension components from multiple OEMs, and an EV localization program for a high-selling EV from a leading Indian 4W OEM covering 59 assemblies, tooling, fixtures, and automation. The company is expanding its non-auto footprint with a new order for renewable sheet metal assemblies from a US solar tracker OEM with potential revenue exceeding ₹150 crore. Belrise's recent acquisitions in France and the UK have enabled entry into the global aerospace components supply chain. The firm slightly reduced FY27 EPS estimates by 3 percent but broadly retains FY28-29 estimates, expecting strong EBITDA and EPS growth over FY26-29E, including accretion from group entity mergers in FY28. Despite a rich 29x one-year forward PE, the analysts believe it is justified for Belrise's healthy growth and expanding business. The revised PT is ₹280, based on a 27x September 2028 PE, up from the previous ₹250 based on a 26x FY28E PE.",
  "summary": "Jefferies",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}