Stockrabit · Analysts
Questions across 6 calls

Nitij Mangal

Jefferies

Belrise Industries Limited

Belrise Industries Limited CC-Jun26.pdf · 2026-05-25
Hi, thanks for taking my questions. I have a couple of questions. Firstly, Swastid, you talked about margins staying broadly stable on a full -year basis. But can you talk about two things . One, how do you see that trajectory, let's say, through the quarters? And secondly, when you think of different cost impacts in terms of commodities, fuel, and labor, which of these are easier to pass on, which ones do you think you'll be able to absorb? So how do you get to a stable full-year margin despite all the cost pressures?
Thanks, Swasti d. And secondly, on the new OEM orders that you have gotten on the two - wheeler space, can you talk about how can we scale up? Is there opportunity to supply a lot more to these models ? Because it seems you have gotten orders from two of the largest selling vehicles? And let's say over the next two, three years, how big can these two OEMs become for you?
Belrise Industries Limited CC-Feb26.pdf · 2026-02-02
Firstly, congratulations on getting approvals for the merger of the promoter entities and I must say it's coming at pretty attractive valuations. My first question is on the core business where we have seen some dip in two-wheeler revenues as well as passenger vehicle revenues on a Y-o-Y basis. Could you explain what is leading to this and how do you see the trend in these businesses going forward?
Secondly, I mean, I do see you're winning quite a number of orders in the new components like suspensions, steering columns, high tensile products, etcetera over the last one, one and a half years. How do you see the se business scaling up, over the next few years and how much can these components start to contribute to the top line in a few years?
Belrise Industries Limited CC-Nov25.pdf · 2025-11-12
Hi, good evening. Thanks for taking my question. So, two questions. Firstly, you seem to be making some good progress in the proprietary components around suspension, brakes, steering, etcetera. So you've got some initial order events. What is the roadmap you see in terms of scaling up these components with other OEMs? And also, it seems you've gotten some breakthrough in some of the newer OEMs as well. So how do you see that business expanding? And is there a case to supply some of your conventional components also to the new two-wheeler OEM that you have now?
Thanks for that fairly detailed answer. So, one more question. When we look at your first half EBITDA versus operating cash flow, so there is almost a 19%-20% growth in EBITDA, but that doesn't seem to have flown into operating cash flow in the first half. And there are some of these line items like other current assets, etcetera, which seem to have adverse cash flow movement. Can you explain what has happened between EBITDA to cash flow in the first half?

Samvardhana Motherson International Limited

Maruti Suzuki India Limited

Hero MotoCorp Limited