Belrise Industries Limited · NSE:BELRISE
Belrise Industries — Q1 FY27 Earnings Presentation
42 slides from Belrise Industries's earnings presentation, Aug 14, 2026
Slide 1: Investor Presentation filing letter to stock exchanges
Dated: August 14, 2026 The Secretary, Listing Department The Secretary, Listing Department National BSE Limited Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, C-1, Block G, Bandra Kurla Street, Mumbai – 400 001 Complex, Bandra Kurla (E), Mumbai – 400 051 Scrip Code:
Slide 2: Belrise Industries Limited Investor Presentation – August 2026
Belrise Industries Limited (Formerly known as Badve Engineering Limited) Investor Presentation – August 2026
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Belrise Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 4: Table of Contents
Table of Contents Vision 1 Q1 FY27 Highlights 2 Company Overview 3 Mergers & Acquisitions 4 Annexures 5 Customers & Capabilities 6 Growth Strategies 7
Slide 5: Vision
Vision Winning in Core Creating new verticals Accelerating penetration with existing customers, Building momentum in and onboarding new, marquee customers Steering Columns (4 customers), High-Tensile Products (4 customers), Suspensions (5 customers) & more Defense & Aerospace pivot Acquired two marq
Slide 6: Q1 FY27 Financials
« BELRISE INDUSTRIES Q1 FY27 Financials
Slide 7: Financial Highlights – Q1 FY27
Financial Highlights – Q1 FY27 Manufacturing Revenue1 Revenue from Trading of Goods Revenue from Operations (in ₹ Mn.) (in ₹ Mn.) (in ₹ Mn.) +20% -19% +13% 21,978.8 4,299.4 25,464.7 18,322.6 3,485.9 22,622.1 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 EBITDA & EBITDA Margins PAT & PAT Margins (i
Slide 8: Segmental Revenue Breakup – Q1 FY27
Segmental Revenue Breakup – Q1 FY27 2W + 3W 4W Passenger 4W Commercial Others (in ₹ Mn.) (in ₹ Mn.) (in ₹ Mn.) (in ₹ Mn.) By Vehicle Type 82.8% 81.4% 4.5% 4.6% 8.8% 8.5% 3.9% 5.5% +18% +22% +16% 1,012 +69% 17,887 1,875 1,205 15,164 832 1,614 713 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY2
Slide 9: Update on Key Strategies
Update on Key Strategies 2-Wheelers / 3-Wheelers Expanding in the 4W/CV segment • Secured an additional chassis order from a fast- • Won a significant program from a leading Indian 4W growing 2W & 3W OEM for a high-volume OEM for 59 assemblies for a high-selling EV; model; Start of Production (SOP):
Slide 10: Update on New Facilities (FY 26-27)
Update on New Facilities (FY 26-27) Acquisition of Hyva India’s tipper business • 3 new facilities: • Pune • Jamshedpur • Bangalore • Key product: Tipper for the CV segment • Expected Transaction Completion: Q3 FY27 Bangalore – 2 (Brownfield) Bhiwadi – 2 (Brownfield) • Serving a fast-growing 2W & 3W
Slide 11: Consolidated Financial Highlights
Consolidated Financial Highlights Profit and Loss (In ₹ Mn.) Q1 FY27 Q1 FY26 Y-o-Y Revenue from Operations 25,464.7 22,622.1 12.6% Cost of Goods Sold 20,371.6 18,243.9 Gross Profit 5,093.1 4,378.2 16.3% Gross Profit Margin (%) 20.0% 19.4% 60 bps Employee Cost 1,153.0 812.3 Other Expenses 1,007.5 760
Slide 12: Company Overview
INDUSTRIES « BELRISE Company Overview
Slide 13: Leading Automotive Component Company providing Technology led Solutions
Leading Automotive Component Company providing Technology led Solutions Belrise Industries Limited (BIL) is an automotive component manufacturing company in India offering a diverse range of safety critical systems One of the top 1,000+ ₹25,465 Mn. ₹21,979 Mn. (up 12.6%) (up 20.0%) players1 in India
Slide 14: History of Outperformance
History of Outperformance Set up 5 new facilities and commenced entry into Aerospace and Defense with the acquisition of Chester Hall and SDM, and a JV with Plasan Sasa Acquired plastic molding Acquisition of the tipper body business company supplying to 2 of Hyva India Private Limited Acquisition m
Slide 15: Extensive, Powertrain-Agnostic Product Portfolio (1/2)
Extensive, Powertrain-Agnostic Product Portfolio (1/2) Proprietary System Assembly Shock Absorber Rear Shock Plastic Seating Cowl Side Dash Steering Head Lamp Front Spring Absorber Cowl Board Column Bracket Fender BIW Part(s) 3-Wheelers 2-Wheelers Exhaust System Front Shock Front Fork Foot Main Stan
Slide 16: Extensive, Powertrain-Agnostic Product Portfolio (2/2)
Extensive, Powertrain-Agnostic Product Portfolio (2/2) Tipper Bodies Proprietary System Assembly Plastic Accessories Seating system parts BIW Parts Commercial Vehicles Passenger Vehicles Bumper Air Tank Polymer Part(s) Chassis High Tensile Cross Car Beam Long Members Battery Container 15
Slide 17: Delivering Customer Success through Agile and Robust Manufacturing
Delivering Customer Success through Agile and Robust Manufacturing 890+ Robots for 4.5% Haryana Uttarakhand Fabrication Bawal (1) Pantnagar (2), Haridwar (1) % Exports contribution (from Sheet Metal Fabrication Capability Manufacturing Revenue, Q1 FY27) Uttar Pradesh Rajasthan Greater Noida (1) Bhiw
Slide 18: Belrise – A Responsible Corporate
Belrise – A Responsible Corporate Sustainability Goals E S G Environmental Social Governance • Effluent treatment plants and sewage treatment plants • Trained and employed over 1,000 workers across • Robust governance standards with majority across manufacturing facilities manufacturing facilities i
Slide 19: Mergers & Acquisitions
INDUSTRIES « BELRISE Mergers & Acquisitions
Slide 20: Chester Hall Precision – A UK-based leader in aerospace and space manufacturing
Chester Hall Precision – A UK-based leader in aerospace and space manufacturing About Chester Hall Marquee Customers Specialist in precision machining - aerostructures, aero-engine parts & satellite World’s largest Aircraft & Leading French Aircraft parts Space OEM Engine OEM Operates across a range
Slide 21: SDM
SDM Thesis Key Products Why is India an attractive manufacturing destination for Aerospace? 1. Low-cost, high-quality workmanship 2. Dense engineering capability Hard-metal Aluminium Aluminium Titanium Aluminium aero-engine part HUD VII Axle Hose 3. Integrated working culture Marquee Customers 4. No
Slide 22: Defense – Plasan Sasa
Defense – Plasan Sasa About the Alliance – Plasan Sasa Creating an Build in India, indigenous solution: Thesis for the World: Bring the ATEMM Export land armoured parts solution to the Indian Why will India become a top Defense market? for Plasan’s global exports Defense market 1. National focus on
Slide 23: H-One India and Mag Filters Acquisitions
H-One India and Mag Filters Acquisitions H-One India Key Benefits MagFilters Key Benefits Customers: Addition of 1 new Japanese 4W OEM, and increase in Customers: Addition of 1 new Japanese 4W penetration in 2 other Japanese 2W OEMs OEM, and increase in penetration in 1 other Japanese 2W OEM Capabil
Slide 24: Annexures
INDUSTRIES « BELRISE Annexures
Slide 25: Merger of BAPL & EITSPL with Belrise
Merger of Badve Autocomps Pvt. Ltd. (BAPL) & Eximius Infra Tech Solution Pvt. Ltd. (EITSPL) with Belrise One of the top players Longstanding customer relationships: in Indian 2W plastic components1 with Large 2W & 3W OEM, Leading >14% market share2 Consumer Durables OEM ++; Promoter-owned Entities B
Slide 26: Customer & Capabilities
INDUSTRIES « BELRISE Customer & Capabilities
Slide 27: Technology-enabled, innovation driven development and process engineering capabilities
Technology-enabled, innovation driven development and process engineering capabilities Established track record in process engineering This has translated into rapid and successful product development for its customers Design & Testing 171 Facilities Top Indian Manufacturer of Passenger Cars Members
Slide 28: Longstanding customer relationships developed through years of collaboration
Longstanding customer relationships developed through years of collaboration Top Indian One of the Largest Japanese Top Indian One of the leading Top Indian 2W & 4W Motorcycle Manufacturer CV & PV Premium PV 2W & 3W OEM Manufacturer Manufacturer of CV in India Manufacturer Manufacturer Selected to s
Slide 29: Vertically Integrated Manufacturing Facilities
Vertically Integrated Manufacturing Facilities Progressively enhancing manufacturing capabilities through both backward integration and forward integration 3. Press 4. Sheet Metal 5. Coating & 6. System 1. Tool Making 2. Tube Bending Operations Fabrication Painting Assembly 2 4 5 Backward Forward In
Slide 30: Growth Strategies
INDUSTRIES « BELRISE Growth Strategies
Slide 31: Pillars of Growth
Pillars of Growth 01 Deepening Presence in the Two-Wheeler Segment 02 Building a Portfolio of Proprietary & Premium Products Expanding in the Four-Wheeler and Commercial Vehicle 03 Segments Transitioning from a Tier-1 supplier (component supplier) to 04 a Tier-0.5 supplier (system supplier) 30
Slide 32: 1. Deepening Presence in the Two-Wheeler Segment
1. Deepening Presence in the Two-Wheeler Segment Growth potential in CPV among top customers Benefiting from premiumisation Large Growth Opportunity Chassis ~2.2x Growth 13,900 ~5,500 ~2,500 OEM 3 OEM 2 OEM 1 Commuter Premium New products leading to increased CPV Increase in customers 20,300 No. of
Slide 33: 2. Building a Portfolio of Proprietary & Premium Products
2. Building a Portfolio of Proprietary & Premium Products Premiumisation in the 2W industry1 • Belrise develops complex products with quick turnaround times FY19 FY24 • OEMs prefer multi-product vendors because of1: Share of >= 125cc motorcycles 38% 52% i) consistent quality standards and ii) access
Slide 34: 3. Expanding in the Four-Wheeler and Commercial Vehicle Segments
3. Expanding in the Four-Wheeler and Commercial Vehicle Segments 5.0% 1.0% Customers 16.0% Existing New 57.0% 21.0% Increase penetration with Increase direct exports to Existing existing customers in new European/American OEMs models by further focusing on based on a proven relationship design and d
Slide 35: 4. Transitioning from a Tier-1 supplier to a Tier 0.5 supplier
4. Transitioning from a Tier-1 supplier (component supplier) to a Tier 0.5 supplier (System supplier) An increase in complexity and magnitude of assembly for major customers will allow Belrise to become an integral part of its customers’ development and value chain and thus increase stickiness Top I
Slide 36: Board of Directors
Board of Directors Girish Kumar Ahuja Sangeeta Singh Non Executive Independent Director Non Executive Independent Director Independent and Non-Independent PhD from University of Delhi Former Chairman (superannuated in 2023) Holds fellowship of the ICAI1 of the Central Board of Direct Taxes Co-author
Slide 37: Experienced Management Team
Experienced Management Team Shrikant Shankar Badve Supriya Shrikant Badve Sumedh Shrikant Badve Managing Director Whole-time Director General Manager (Head – Strategy) › 1st generation promoter › Responsible for overall business management › Gordon Hall Scholarship in Mechanical › Nominated to the E
Slide 38: Historical Performance
Historical Performance Manufacturing Revenue1 Revenue from Trading Total Revenue from Operations EBITDA & EBITDA Margins (in ₹ Mn.) (in ₹ Mn.) (in ₹ Mn.) (in ₹ Mn.) 13.3% 12.4% 12.3% 12.1% +14% +10% +13% +13% 77,346 16,970 17,745 95,091 11,538 65,938 14,516 82,908 10,211 60,325 74,842 8,755 9,284 53
Slide 39: Historical Profit & Loss Statement
Historical Profit & Loss Statement Profit and Loss (In ₹ Mn.) FY26 FY25 FY24 FY23 Revenue from Operations 95,091.0 82,908.2 74,841.0 65,825.0 Cost of Goods Sold 76,798.9 67,116.0 60,253.9 52,530.7 Gross Profit 18,292.2 15,792.1 14,587.1 13,294.3 Gross Profit Margin (%) 19.2% 19.0% 19.5% 20.2% Employ
Slide 40: Historical Balance Sheet
Historical Balance Sheet Assets (In ₹ Mn.) Mar-26 Mar-25* Mar-24 Mar-23 Equity & Liabilities (In ₹ Mn.) Mar-26 Mar-25* Mar-24 Mar-23 Non-Current Assets 37,323.3 35,420.6 28,857.7 27,373.8 Total Equity 52,262.8 27,131.9 23,401.9 20,445.1 Property, Plant and Equipment 28,348.9 26,453.3 23,054.5 22,437
Slide 41: Historical Cash Flow Statement
Historical Cash Flow Statement Particulars (In ₹ Mn.) Mar-26 Mar-25* Mar-24 Mar-23 Net Profit Before Tax 6,657.7 4,455.8 3,759.8 3,567.0 Adjustments for: Non -Cash Items / Other Investment or Financial Items 5,600.7 5,957.9 5,406.8 5,361.5 Operating profit before working capital changes 12,258.4 10,
Slide 42: THANK YOU !
THANK YOU ! Company: Belrise Industries Limited (Formerly known as Badve Engineering Limited) CIN: L73100MH1996PLC102827 Mr. Amit Joshi – GM, Corporate Finance arjoshi@belriseindustries.com Investor Relations: Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Deven Dhruva / Ms. Kris