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The company's promoters see significant room for growth in the four-wheeler segment, especially after the acquisition of H-ONE’s India business.
Auto-component maker Belrise Industries is targeting mid-teen growth in FY26, driven by both organic scale-up and inorganic opportunities, said company promoters Sumedh and Swastid Badve in an interview with CNBC-TV18.
“We expect to grow in the mid-teens over the medium term. This will be by both organic as well as inorganic acquisitions,” said Swastid Badve.
The company plans to launch three new products in FY26 that will raise its content per vehicle in the two-wheeler segment by 45-50%. “The ideal content per vehicle that we have today is ₹12,500, but not with all of our OEMs. We’re looking to reach that ₹12,500 content per vehicle level with all our key OEMs going forward,” he added.
Belrise is working with all of the top six two-wheeler OEMs and has also partnered with several new-age EV manufacturers.
On the four-wheeler side, the promoters see significant room for growth, especially after the acquisition of H-ONE’s India business. “We're currently at about 12.5% in terms of revenue contribution from passenger cars and commercial vehicles. We expect that to grow significantly over the next two to two and a half years,” said Sumedh Badve.
Belrise has also brought down its debt meaningfully post its IPO. From a pre-IPO debt level of ₹2,600 crore, the company used ₹1,600 crore from the issue proceeds for repayment, bringing its outstanding debt to under ₹1,000 crore.
Margins, which stood at 12.1% in Q4FY25 compared to 11.4% a year ago, are expected to remain stable in the coming year, the company said.
Watch accompanying video for entire conversation.
