
Belrise Industries Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
Belrise Industries share price Rs 232.77 (9 October 2026). Base target Rs 258, bull Rs 313, downside risk Rs 188. PE 44.8. 52W range Rs 142.59 to Rs 268.20.
Updated: 9 Oct 2026 • 5:04 pm
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Quick Answer
The Belrise Industries share price target for 2027 is Rs 258, about 10.8% above the current price of Rs 232.77. The bull case is Rs 313, and the downside risk level, which is not a target, is Rs 188. The base case assumes earnings per share grow 9.9% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 44.8. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Belrise Industries target price for 2027 should start with where the stock sits today. At Rs 232.77 on 9 October 2026, it is 13.2% below its 52-week high of Rs 268.20 and 63.2% above its 52-week low of Rs 142.59. That range spans 88% from low to high, so the entry point matters as much as the Belrise Industries price forecast itself.
This article builds the Belrise Industries share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 258 base case and the Rs 313 bull case were reached, along with a downside risk level of Rs 188.
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Belrise Industries Stock Analysis: Company Overview and Key Stats
Belrise Industries (NSE: BELRISE) has a market capitalisation of Rs 22,704 crore. In FY26 it reported revenue of Rs 9,619 crore and net profit of Rs 496.86 crore. The table collects the figures the Belrise Industries share price target is built on.
| Metric | Value |
|---|---|
| Company | Belrise Industries |
| NSE Ticker | BELRISE |
| CMP (9 October 2026) | Rs 232.77 |
| 52-Week High | Rs 268.20 |
| 52-Week Low | Rs 142.59 |
| Market Cap | Rs 22,704 crore |
| PE Ratio (TTM) | 44.80 |
| Industry PE | 37.01 |
| Price to Book | 3.28 |
| Return on Equity | 9.51% |
| Debt to Equity | 0.29 |
| EPS (TTM) | Rs 5.24 |
| Dividend Yield | 0.22% |
| 12-Month Base Target | Rs 258 |
| Bull Case | Rs 313 |
| Downside Risk Level (not a target) | Rs 188 |
Why Is Belrise Industries Share Price Target Set at Rs 258 for 2027?
The base-case Belrise Industries stock target of Rs 258 applies a PE multiple of 44.80 to a forward EPS estimate of Rs 5.76. That EPS assumes 9.9% yearly growth, the pace from FY24 to FY26, and puts the target 10.8% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Belrise Industries Target Price: Five Years of Results
Belrise Industries grew revenue from Rs 5,411 crore in FY22 to Rs 9,619 crore in FY26, a compound annual growth rate of 15.5%. Net profit grew faster, from Rs 261.85 crore to Rs 496.86 crore (17.4% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 5,410.68 | 261.85 | 4.02 | 0.00 |
| FY23 | 6,620.78 | 313.66 | 4.82 | 0.00 |
| FY24 | 7,555.53 | 313.81 | 4.82 | 0.00 |
| FY25 | 8,352.45 | 355.44 | 5.46 | 0.55 |
| FY26 | 9,618.86 | 496.86 | 5.82 | 0.55 |
FY26 revenue growth was 15.2%, close to the four-year average of 15.5%, and net profit moved up 39.8%. EPS rose from Rs 4.82 in FY24 to Rs 5.82 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Belrise Industries converted 5.2% of FY26 revenue into net profit, against 4.3% in FY25, within a five-year range of 4.2% to 5.2%. EBITDA margin was 13.1% in FY26 versus 13.0% in FY25.
In the June 2026 quarter, revenue was Rs 2,565 crore, up 11.9% from the same quarter a year earlier, while net profit of Rs 121.67 crore was up 8.9%. EBITDA came in at Rs 311.65 crore, up 0.7% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.29, and shareholders' equity grew from Rs 1,736 crore in FY22 to Rs 5,226 crore in FY26. Operating cash flow in FY26 was Rs 875.60 crore against capital expenditure of Rs 617.80 crore, leaving free cash flow of Rs 257.80 crore, or 1.1% of the current market capitalisation. In FY25 free cash flow was negative at Rs 163.32 crore, so cash generation has not been steady year to year.
Valuation Check for the Belrise Industries Stock Target: PE, Price to Book and ROE
At a PE of 44.80 against an industry PE of 37.01, Belrise Industries trades at a premium to its industry. Price to book is 3.28 on a book value of Rs 71.62 per share, and return on equity is 9.51%. A PE of 44.80 equals an earnings yield of 2.2%, and the FY26 dividend of Rs 0.55 per share gives a yield of 0.22%.
Shareholding Pattern and Institutional Holding
Promoters held 61.15% of Belrise Industries in July 2026, and promoter holding fell from 73.01% in September 2025 to 61.15% in July 2026. Foreign institutional investors (FII) held 12.10% and domestic institutions (DII) held 13.12%, which puts total institutional holding at 25.22%. FII holding rose from 7.67% in September 2025 to 12.10% in July 2026. Public shareholders own the remaining 13.63%. A meaningful institutional holding adds a layer of research coverage and trading depth.
Belrise Industries Share Price Targets for the Short Term and 12 Months
Short Term Belrise Industries Stock Target Levels: Technical Setup
At Rs 232.77 on 9 October 2026, Belrise Industries trades below its 50-day simple moving average of Rs 237.97 and above its 200-day exponential moving average of Rs 211.35. The 14-day RSI reads 44.4, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 237.97 (50-day simple moving average) and the nearest support is Rs 211.35 (200-day exponential moving average). A sustained move above Rs 237.97 would improve the short-term setup, while a close below Rs 211.35 would shift attention to the next support.
12 Month Belrise Industries Target Price for 2027
The 12-month target for Belrise Industries is Rs 258: forward EPS of Rs 5.76 at a PE of 44.80. That is 10.8% above Rs 232.77. It would still leave the stock 3.8% below its 52-week high of Rs 268.20.
How EPS Growth and PE Multiple Change the Belrise Industries Target Price
| EPS Growth | PE 35.84 | PE 44.80 | PE 51.52 |
|---|---|---|---|
| 0.0% (EPS Rs 5.24) | Rs 188 | Rs 235 | Rs 270 |
| 9.9% (EPS Rs 5.76) | Rs 206 | Rs 258 | Rs 297 |
| 15.9% (EPS Rs 6.07) | Rs 218 | Rs 272 | Rs 313 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Belrise Industries price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Belrise Industries Stock Target in 2027
Bull Case Rs 313
The bull case Belrise Industries price target needs EPS growth of 15.9%, which lifts forward EPS to Rs 6.07, and a PE multiple that rises 15% to 51.52. That gives Rs 313, 34.5% above the current price and above the 52-week high of Rs 268.20, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 188
The downside risk level is not a target. It assumes EPS stays flat at Rs 5.24 and the PE falls 20% to 35.84. That gives Rs 188, 19.2% below the current price and above the 52-week low of Rs 142.59.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 15.9% | 51.52 | Rs 313 | +34.5% |
| Base Case | 9.9% | 44.80 | Rs 258 | +10.8% |
| Downside Risk | 0.0% | 35.84 | Rs 188 | -19.2% |
Key Risks to the Belrise Industries Target Price for 2027
Growth Slowdown Risk for the Belrise Industries Price Target
Revenue in the June 2026 quarter was up 11.9% year on year, and FY26 revenue growth was 15.2%. If growth slows from here, the EPS estimate behind the Belrise Industries stock target will need revising.
Liquidity and Size Risk
Belrise Industries has a market capitalisation of Rs 22,704 crore. Institutional holding is 25.22%, and promoters hold 61.15%. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.
Valuation and Margin Risk
Net margin was 5.2% in FY26, so a small slip in costs moves profit noticeably. At a PE of 44.80 versus an industry PE of 37.01, a de-rating toward the downside-risk PE of 35.84 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 13.2% below its 52-week high, with an RSI of 44.4 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in Belrise Industries
Start with the live price and volume. Any Belrise Industries share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 232.77 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Belrise Industries' PE, ROE, debt and shareholding in one place.
Check Belrise Industries fundamentals on the Univest Screener
Then compare the three Belrise Industries target price scenarios with your own view. If you expect EPS growth below 9.9%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Belrise Industries live price and get daily stock recommendations.
Conclusion
The Belrise Industries share price target for 2027 is Rs 258 in the base case, with Rs 313 as the bull case. The support for that view is arithmetic you can check: EPS grew 9.9% a year over FY24 to FY26, and the stock trades at a PE of 44.80. The risks are equally concrete, including a stock that sits 13.2% below its 52-week high and a downside scenario that cuts the price 19% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Belrise Industries Share Price Target 2027
What is the Belrise Industries share price target for 2027?
Ans. The base-case Belrise Industries share price target for 2027 is Rs 258, with Rs 313 as the bull case. The downside risk level, which is not a target, is Rs 188. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the Belrise Industries share price today?
Ans. As of 9 October 2026, 12:52 PM IST, Belrise Industries trades at Rs 232.77, down 0.86% on the day. The 52-week range is Rs 142.59 to Rs 268.20.
Is Belrise Industries a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 9.9% a year over FY24 to FY26, but the stock is 13.2% below its 52-week high. Whether Belrise Industries fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for Belrise Industries shares?
Ans. The bull case target is Rs 313, which assumes 15.9% EPS growth and a PE of 51.52. The downside risk level is Rs 188, which assumes flat EPS and a PE of 35.84. It marks a risk, not a target.
What are the main risks to the Belrise Industries price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 22,704 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of Belrise Industries and how does it compare with the industry?
Ans. The PE ratio of Belrise Industries is 44.80 against an industry PE of 37.01. Price to book is 3.28 and return on equity is 9.51%. The base case in the Belrise Industries price target holds this PE constant.
Who owns Belrise Industries, and what is the promoter holding?
Ans. Promoters held 61.15% of Belrise Industries in July 2026. FII held 12.10%, DII held 13.12% and the public held 13.63%.
What were Belrise Industries' latest quarterly results?
Ans. In the June 2026 quarter, Belrise Industries reported revenue of Rs 2,565 crore (up 11.9% year on year) and net profit of Rs 121.67 crore (up 8.9%).
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