logo
Belrise Industries ends sharply higher after foreign research house initiates coverage

Belrise Industries ends sharply higher after foreign research house initiates coverage

Belrise Industries zoomed 9.86% to end at Rs 112.55 after foreign brokerage initiated a coverage on the company, with a 'buy' rating and a price target of Rs 135, representing 19.9% upside potential.
According to the global research firm, the company is expected to achieve a 12% revenue compound annual growth rate (CAGR) over fiscal years 2025-2028, driven by rising two-wheeler demand, industry premiumization, increasing content-per-vehicle, and expansion in four-wheelers and exports.
The firm has projected that Belrise would record a 12% EBITDA CAGR and 18% earnings per share (EPS) CAGR over the same period, along with deleveraging of its balance sheet.
The research house considers Belrises valuation of 18 times FY26 price-to-earnings ratio attractive given the strong growth outlook for the company. Any simplification of Belrises group structure could potentially boost valuations further, it added.
Belrise Industries is an integrated automotive component manufacturers with a diverse portfolio of safety-critical systems and engineering solutions.
The company reported a 722.3% jump in net profit to Rs 110.02 crore while revenue rose 49% to Rs 2,274.35 crore in Q4 March 2025 over Q4 March 2024.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

First 'Made in India' semiconductor chip likely by December: MoS Jitin Prasada
First 'Made in India' semiconductor chip likely by December: MoS Jitin Prasada

Time of India

time11 minutes ago

  • Time of India

First 'Made in India' semiconductor chip likely by December: MoS Jitin Prasada

Academy Empower your mind, elevate your skills The first-ever ' Made in India semiconductor chips is expected to roll out of the assembly lines by the end of 2025, Jitin Prasada , Minister of State for Electronics and Information Technology, said."The first packaged chip is expected to be out by December, 2025," the Minister said in response to a questionnaire from ANI, besides underlining the status of India's nascent yet progressing semiconductor government has laid a pathway towards an India that will build chips for the world, aligned across the supply chain, from assembly/testing to design, and manufacturing to exports, the minister government has approved the Semicon India programme with a total outlay of Rs 76,000 crore for the development of the semiconductor and display manufacturing ecosystem in the countryIt provides fiscal support of 50% of the project cost on pari-passu basis for setting up of Silicon Complementary Metal-Oxide-Semiconductor (CMOS) based Semiconductor Fabs in India, fiscal support of 50% of project cost on pari-passu basis for setting up of Display Fabs; fiscal support of 50% of the capital expenditure on pari-passu basis for setting up of Compound Semiconductors / Silicon Photonics (SiPh) / Sensors (including Micro-Electro-Mechanical Systems) Fab/ Discrete Semiconductor Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP) / Outsourced Semiconductor Assembly and Test (OSAT) facilities, the minister on date, the government has approved 10 semiconductor manufacturing projects with a cumulative investment of more than Rs 1.60 lakh crore in 6 states - Gujarat, Assam, Uttar Pradesh, Punjab, Odisha, and Andhra Pradesh."The approved projects are under various phases of implementation and are expected to start commercial production in 1-5 year time frame," he said in his response, without getting into specifics of each projects, according to the minister, are expected to generate more than 29,000 direct jobs, depending on the maturity of factory to strengthen semiconductor manufacturing, and creating a semiconductor ecosystem in the country, the government has entered into Memorandum of Understanding (MoU) with the US, European Union, Japan and manufacturing is a very complex and a Technology intensive sector which requires specialised skilled manpower. To address this, a new curriculum was introduced by the All India Council for Technical Education (AICTE) for VLSI Design and Technology, Integrated Circuit (IC) government is also shaping skilled manpower in the semiconductor design sector and providing EDA tools to design semiconductor chips, the minister said.A 'Design Linked Incentive (DLI) Scheme' was also approved as part of the Semicon India Programme with an overall outlay of Rs 1000 Crore to nurture the entrepreneurship ecosystem by way of encouraging and supporting the design and deep tech start-ups involved in the semiconductor design ecosystem in the country."So far, 72 design companies (including start-ups and MSMEs) have been approved for semiconductor chip design infrastructure support under the DLI Scheme. Out of these, 23 companies have also been approved for P-DLI for developing semiconductor chip/ SoCs for applications in sectors such as automotive, mobility, computing, communications companies are developing semiconductor IP cores, chips, SoCs, and systems to serve the Indian market as an import substitute and for export to international markets," the minister another query regarding the progress made by the government on the AI mission front, the minister shared a status note, outlining the advances made in this emerging March 2024, the Government of India approved the IndiaAI Mission to build a precise and cohesive strategy for the AI ecosystem, catalysing AI innovation through strategic programs and partnerships across the public and private IndiaAI Mission comprises 7 pillars: IndiaAI Compute, IndiaAI Application Development Initiative, AIKosha, The IndiaAI Foundation Models, IndiaAI FutureSkills, IndiaAI Startup Financing, and Safe and Trusted Minister further apprised that India is also set to host the upcoming Artificial Intelligence (Al) Impact Summit in February 2026, focusing on the impact of AI on People, Planet, and Progress and is the fourth in a series of global AI group consultations with civil society, industry, startups, academia, and international organisations have been completed, along with a round of public consultation that concluded on June 30th. A call for proposals from organizations worldwide has been launched to host affiliated pre-summit events from August 11, 2025, to January 31, 2026, the minister further said.

Retail major IKEA to double down on India market in 12-18 months
Retail major IKEA to double down on India market in 12-18 months

Hans India

time11 minutes ago

  • Hans India

Retail major IKEA to double down on India market in 12-18 months

New Delhi: Multinational conglomerate IKEA plans to double the number of its stores and customer touchpoints across the nation over the next 12 to 18 months, according to Jesper Brodin, CEO of Ingka Group, which owns IKEA globally. The expansion will include both large-format stores and smaller outlets in malls and city centres. According to Brodin, the company is committed to rapid expansion in India and plans to increase local sourcing from its current 30 per cent to 50 per cent by 2030 as part of its long-term strategy. Additionally, he disclosed that plans to open 5–6 new touchpoints in India every year over the next five years. IKEA intends to double the number of its stores and customer service centres nationwide. IKEA has big plans for the Delhi NCR area as part of its retail expansion, with big stores opening in Noida and Gurgaon. Two additional large stores are also planned for South India, though the precise locations have not yet been disclosed. IKEA currently runs three sizable stores in Bengaluru, Navi Mumbai, and Hyderabad. The company has already invested Rs 10,500 crore in India and has ventured into online retail, providing 24-hour delivery services in a few locations. Regarding sourcing, IKEA has 45 Indian suppliers, mostly in the textile and toy industries. The company's products are well-known throughout the world for their modern design, affordability, and usefulness. The Swedish firm anticipates India to be its fastest-growing market over the next 20 years, with a particular emphasis on customer experience, product range, and expansion. In order to reach a larger consumer base, IKEA's growth strategy consists of a combination of large-format stores, smaller city centre outlets, and an online presence. Since its 1943 founding in Sweden, IKEA has expanded to become a major player in the home furnishings industry, operating more than 400 stores across multiple nations.

Madras HC refuses to quash GCCs decision to privatise garbage disposal work
Madras HC refuses to quash GCCs decision to privatise garbage disposal work

Time of India

time14 minutes ago

  • Time of India

Madras HC refuses to quash GCCs decision to privatise garbage disposal work

Madras HC (File photo) CHENNAI: In a setback to the sanitary workers of Zones 5 and 6 of the Greater Chennai Corporation (GCC), the Madras high court on Wednesday refused to quash the resolution passed by the GCC to privatise garbage disposal work. 'Since the service of the workers is not terminated, the question of retrenchment does not arise,' Justice K Surender said while disposing of the plea moved by the sanitary workers. On August 13, when the court reserved its order on the plea, the workers submitted that they were willing to call off their agitation and resume work immediately, provided the GCC agreed to abide by the decision of the Industrial Disputes Tribunal in the case concerning the outsourcing of garbage disposal. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai | Gold Rates Today in Chennai | Silver Rates Today in Chennai Refusing to accept the proposal, the GCC submitted that out of the 16 zones, 11 were already privatised. Even for Zones 5 and 6, tenders were floated, and contracts were awarded. Only two more zones remain to be outsourced. The GCC added that the agitating workers were not workmen of the GCC. They were engaged from Self Help Groups (SHGs) for the work on a contract basis. The contractor, Delhi MSW Solutions Limited (earlier Ramky), assured that all the workers would be absorbed with a higher pay scale. In addition, they would receive a series of other benefits too. It added that unless the remaining workers joined, it would be forced to look for alternatives. The contractor has now agreed to extend the cutoff date for the workers to join until August 31, its counsel said. To this, the workers contended that the pay offered by the contractor would not be higher than what the workers were getting now but would be less than the minimum wage applicable in the state. They would be drawing a daily wage of Rs 196 per day less than what they were getting now, they added. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store