Mumbai, July 8 -- According to the global research firm, the company is expected to achieve a 12% revenue compound annual growth rate (CAGR) over fiscal years 2025-2028, driven by rising two-wheeler demand, industry premiumization, increasing content-per-vehicle, and expansion in four-wheelers and exports.

The firm has projected that Belrise would record a 12% EBITDA CAGR and 18% earnings per share (EPS) CAGR over the same period, along with deleveraging of its balance sheet.

The research house considers Belrise's valuation of 18 times FY26 price-to-earnings ratio attractive given the strong growth outlook for the company. Any simplification of Belrise's group structure could potentially boost valuations further, it added.

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