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Economic Times
20-05-2025
- Automotive
- Economic Times
Strategic acquisition, expanding reach key to future growth of IPO-bound Belrise
Live Events Business Valuation (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel IPO dates: May 21-23, 2025IPO price: Rs85-90Issue size: Upto Rs2,150 croreImplied market cap: Upto Rs8,009 croreFace value: Rs5Lot size: 166Retail portion: 35%Pune headquartered Belrise Industries, an auto ancillary company, plans to raise Rs2,150 crore through a fresh issue of equity to repay partial debt. The promoter group's stake will fall to 73% after the IPO from 100%. Its product portfolio consists of automotive sheet metal & casting parts, polymer components, suspension & mirror systems. Its recent acquisition of H-One India is likely to improve the product portfolio. However, its operating margin before depreciation and amortisation (EBITDA margin) has been declining since the past two years. The debt-equity ratio at around one is higher than 0.1-0.4 for some of the peers. It is expected to reduce after the IPO, which in turn may bring down interest expenses. Though the IPO valuation is cheaper than peers, investors may wait to see improved financial performance after in 1996, Belrise Industries specializes in component manufacturing for automotive & white goods industries. It has also started delivering e-mobility components & subsystems. As of March 31, 2025, the company operated 17 manufacturing facilities across 10 cities in nine states across India. As of December 31, 2024, the company serviced 29 original equipment makers (OEMs) globally. Exports contributed 25% to revenue in the nine months to December. In March 2025, Belrise acquired H-One India, a subsidiary of Japan's H-One Company, to enhance capabilities in metal stamping and fabrication for 4-Wheelers. The company plans to expand the distribution network to over 150 points across India within the next 2 grew by 18% annually to Rs7,484 crore between FY22 and FY24 while net profit rose by 9% to Rs311 crore. EBITDA margin declined gradually from 14.2% in FY22 to 12.5% in FY24. In the nine-months to December 2024, revenue grew by a modest 1% to Rs6,013.4 crore while net profit reduced by 17% to Rs245.5 crore due to higher finance cost and higher deferred tax credit in the year-ago period. EBITDA margin remained constant at 12.8%.Considering the post-IPO equity and annualised net profit for the nine months to December 2024, the company demands a price-earnings (P/E) multiple of upto 24 compared with P/Es between 42 and 80 for peers including Motherson Sumi Wiring India Minda Corporation and JBM Auto
Time of India
20-05-2025
- Automotive
- Time of India
Strategic acquisition, expanding reach key to future growth of IPO-bound Belrise
IPO dates: May 21-23, 2025 IPO price: Rs85-90 Issue size: Upto Rs2,150 crore by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Implied market cap: Upto Rs8,009 crore Face value: Rs5 Lot size: 166 Retail portion: 35% Pune headquartered Belrise Industries, an auto ancillary company, plans to raise Rs2,150 crore through a fresh issue of equity to repay partial debt. The promoter group's stake will fall to 73% after the IPO from 100%. Its product portfolio consists of automotive sheet metal & casting parts, polymer components, suspension & mirror systems. Its recent acquisition of H-One India is likely to improve the product portfolio. However, its operating margin before depreciation and amortisation (EBITDA margin) has been declining since the past two years. The debt-equity ratio at around one is higher than 0.1-0.4 for some of the peers. It is expected to reduce after the IPO, which in turn may bring down interest expenses. Though the IPO valuation is cheaper than peers, investors may wait to see improved financial performance after listing. Live Events Business Incorporated in 1996, Belrise Industries specializes in component manufacturing for automotive & white goods industries. It has also started delivering e-mobility components & subsystems. As of March 31, 2025, the company operated 17 manufacturing facilities across 10 cities in nine states across India. As of December 31, 2024, the company serviced 29 original equipment makers (OEMs) globally. Exports contributed 25% to revenue in the nine months to December. In March 2025, Belrise acquired H-One India, a subsidiary of Japan's H-One Company, to enhance capabilities in metal stamping and fabrication for 4-Wheelers. The company plans to expand the distribution network to over 150 points across India within the next 2 years. Financials Revenue grew by 18% annually to Rs7,484 crore between FY22 and FY24 while net profit rose by 9% to Rs311 crore. EBITDA margin declined gradually from 14.2% in FY22 to 12.5% in FY24. In the nine-months to December 2024, revenue grew by a modest 1% to Rs6,013.4 crore while net profit reduced by 17% to Rs245.5 crore due to higher finance cost and higher deferred tax credit in the year-ago period. EBITDA margin remained constant at 12.8%. Valuation Considering the post-IPO equity and annualised net profit for the nine months to December 2024, the company demands a price-earnings (P/E) multiple of upto 24 compared with P/Es between 42 and 80 for peers including Motherson Sumi Wiring India , Minda Corporation and JBM Auto .
Yahoo
12-03-2025
- Health
- Yahoo
Researchers make concerning discovery about health risk during pregnancy: 'Further research is needed'
A new study suggests that exposure to per- and polyfluoroalkyl substances — also known as PFAS or "forever chemicals" — could lead to lower placental weights, potentially posing health concerns for maternal and newborn health. Researchers set out to investigate the potential of "impaired placental structure and function" in humans due to PFAS exposure because it had previously been observed in animals like mice and rabbits. The authors noted that previous studies have produced mixed results regarding the link between PFAS exposure and placental weight. For instance, one previous study found no correlation. However, they added that few human-based studies exist. The France-based research team measured PFAS concentrations in the blood of 484 pregnant women. At birth, their placentas were weighed and tissues analyzed. They found that women in the moderate-to-higher PFAS exposure group had, on average, lower placental weights compared to those with lower levels in their systems. "Further research is needed to confirm these findings and elucidate placental mechanisms influenced by PFAS, alone or in combination with other environmental chemicals," the authors wrote. According to Oregon Health & Science University, small placentas may be indicative of malnourishment and a lack of oxygen supply in the womb. Per OHSU, they "are also associated with increased risk of chronic disease later in life." The new research regarding lower placental weights adds to a growing body of evidence linking PFAS with negative health outcomes. One study revealed that exposure to PFAS can alter the expressions of certain genes within the brain. Another paper linked these chemicals to an increased risk of cardiovascular diseases in postmenopausal women. These "forever chemicals" have also been associated with an increased risk of some cancers, low birth weight, decreased fertility, interference with the body's natural hormones, reduced ability of the immune system to fight infections, and other health concerns, according to the U.S. Environmental Protection Agency. Though PFAS compounds are known for being persistent in the environment, scientists are identifying new ways to help break them down. For example, researchers at the University of Illinois found a way to remove the full spectrum of PFAS from water in a single process. Scientists at the University of Rochester are doing similar work. Do you worry about having toxic forever chemicals in your home? Majorly Sometimes Not really I don't know enough about them Click your choice to see results and speak your mind. You can limit your exposure by purchasing from PFAS-free brands (identified here by PFAS Central), skipping on nonstick cookware, and limiting your purchases of stain- or water-resistant clothing. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.
Khaleej Times
12-03-2025
- Business
- Khaleej Times
Dubai: Rents increases slow down as more inventory comes online
Rent increases have started to slow down in Dubai due to new inventory, giving tenants more options, says real estate industry executives. 'We're seeing increased rental inventory online, reinforcing the trend of rent stabilisation in some areas in 2025. Tenants in these sectors now have more options and are increasingly price-sensitive, while landlords who price competitively secure tenants more quickly,' said Rupert Simmonds, director of leasing at Betterhomes. Since rents have surged in recent years, Simmonds believes that 'minor fluctuations are part of a healthy market cycle.' The drop in rents follows Dubai recorded its first monthly price decline in over two years in January 2025, signalling a long-anticipated shift toward equilibrium. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Property Monitor data revealed average prices falling by 0.57 per cent in January 2025 to Dh1,484 per square foot — the first drop since summer 2022. This cooling follows four consecutive years of unprecedented growth, during which prices surged by over 30 per cent in 2024 alone. According to real estate consultancy and brokerage Asteco, the delivery of new supplies in 2024 was lower than anticipated, but projections for 2025 indicate a significant increase in inventory. 'Assuming the majority of this projected supply enters the market, a moderation, or even a reversal, of rental growth could be observed in specific communities and/or projects. Affordability factors are expected to fuel continued migration to the Northern Emirates in 2025, a trend that gathered pace in the second half of 2024,' it said. Asteco projected that 63,900 apartments and villas will be delivered this year, compared to 33,625 in 2024. Cavendish Maxwell, a real estate consultancy, earlier forecasted that 243,000 new units are in the pipeline for delivery by the end of 2027, with apartments accounting for 80 per cent of the future inventory. This will further ease pressure on prices and rentals in Dubai. This will stabilise prices and rents and ease pressure on tenants. Most of the future supply will come in Jumeirah Village Circle, where almost 25,000 units are set to be delivered between now and 2027, followed by Business Bay (16,000), Azizi Venice (13,500), Damac Lagoons (11,100) and Arjan (9,000). Betterhomes data showed that the strongest rental growth was seen in apartments at Al Khail Heights, where rents increased by 6.6 per cent to an average of Dh66,900. Townhouses in Palm Jumeirah followed closely, with a 6.5 per cent rise to Dh127,300.
Zawya
27-02-2025
- Business
- Zawya
Dubai real estate market sees first price drop in two years
Dubai real estate prices fell by 0.57% in January 2025 – the first decline since summer 2022 – signalling a market shift towards stabilisation, according to leading real estate intelligence authority Property Monitor. While the first month of 2025 was the strongest January on record for transactions with 14,413 sales, average prices dropped to AED1,484 per sq ft. Sales volumes were down 4.6% compared to December 2024, stated Property Monitor in its monthly market report. Off plan launches continued to soar in January, with 53 launches from 37 developers bringing another 12,400 units to the market. Mortgage transactions also rose 6.8% month on month, with 4,134 loans secured. Loan to value (LTV) ratios also held steady despite stricter enforcement of UAE Central Bank regulations, it stated. Zhann Jochinke, the Chief Operating Officer, Property Monitor, said: "After four years of continuous growth, Dubai's real estate market is starting to show signs of stabilisation. While the total number of transactions remains strong, affordability constraints and market maturity are beginning to shape the landscape." "With sales volumes and mortgage transactions moderating, Dubai's property sector could be transitioning from a continued phase of rapid growth to a more sustainable trajectory. A careful balance of supply and demand will determine the future of the market in 2025 and beyond," he added. The Property Monitor January report shows that the median price for apartments was AED1.35 million with townhouses at AED2,61,000 and villas at AED6,915,888. With 7,555 transactions, the off-plan market accounted for 52% of sales during January, down 17.7% on December 2024, it stated. Meanwhile, the title deed sales saw a marked month-on-month increase, rising by 15.7% and accounting for 47.6% of sales. According to Property Monitor, Emaar Properties claimed the top spot for off-plan transactions, with a market share of 16.5%, followed by Damac Properties at 15.8% and Danube Properties at 5.3%. A villa in Emirates Hills secured the highest recorded sale, with a price tag of AED425 million. The lowest, at AED175,000 was for a studio apartment at Dubai Production City, it added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
