The Jefferies began the stock coverage with a ‘buy’ rating and price target of Rs 135. The development of the rose, and expiring four wheelers.
“We expect 12% of income and EBITDA CAGR and 18% EPS CAGR in FY25-28E, with teasing.
Read again: SBI, HDFC Bank among 10 banking stocks of primary antique selection that can rally to 50%
Why do jefferies force the belase industries
Belracer is one of the primary Indian players in 2W metal substance, holding a 24% market share of main product categories and cloak systems. About 67% of its income comes from 2W parts, 9% from 4ws, and 20% from trading trading.
Despite a slump request between FY19-22, Wellesales changes with 13% CAGR in FY22-25. Jefferies saw further uphill from repairing liquidity, tax cuts, and future rising wages in PSU.
Belrise also expands proprietary portfolio like driving and filters-to develop its content at 38%. Premiumizing trends of bicycles is another cup, with a value chassis in the Premium 2.2X model commuter bicycles.
In the 4W section, Belracrise builds the scale by proprietary products such as cross-beams and chassis systems, following H-ONE agnountion. The company aims to double 4W earnings 2-3 years and get new orders from two Oehica in Europe.
The Jefferies expect the debt at Belrase’s Nets 2,800 crore at FY25-Finish swinging a net cash position at Rs 2,200 crore.
Read again: DRHIVERRY brokerages are initiated in drhiverry, 7 other stocks; up to 33% upside seen
Belraces industries debumed in stock exchanges on May 28, 2025. The safety companies of men, three-wheelics, and agri-vehicles.
Its client includes leading auto firms such as Bajaj Car,, Heroes MotocorpHonda, Jaguar Land Rover, Royal Enfield, Tata MotorsMahindra & Mahindra, and ve commercial vehicles.
(Disclaim: Recommendations, suggestions, views and opinions given to experts themselves. It does not represent views of economic times)
