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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Belrise Industries Ltd

Belrise Industries Acquires Hyva India Tipper Body Business for USD 5.65 million

M&A ▲ Positive Development LOW RISK
📅 Filed on BSE: 04 Aug 2026, 01:38 PM IST  ·  BSE ID: d567ce64-745f-4183-835f-edc0657200a7
View Original BSE Filing (PDF)
💡
In Simple Terms
Belrise Industries bought Hyva India's tipper body manufacturing business for about USD 5.65 million.
🤖 AI Summary
  • Belrise Industries acquired Hyva India’s Tipper Body Business for approximately USD 5.65 million.
  • The transaction value represents an Enterprise Value (EV) to EBITDA multiple of approximately 3.60x.
  • Hyva India's Tipper Body Business reported an EBITDA of approximately USD 1.57 million for CY2025.
  • The acquisition adds three manufacturing facilities in Pune, Jamshedpur, and Bangalore.
  • This move aims to strengthen Belrise's position as a Tier-0.5 supplier in the commercial vehicle segment.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Acquisition Value
approximately USD 5.65 million
EV/EBITDA Multiple
approximately 3.60x
Hyva Tipper Body Business EBITDA (CY2025)
approximately USD 1.57 million
Hyva Tipper Body Business ROACE
around 20%
Belrise Industries Turnover
INR 95,091 million
🏢 How This Affects the Company
📈
Business Impact
This acquisition expands Belrise's presence in the commercial vehicle segment, adding tipping solutions for construction, mining, and infrastructure sectors. It enhances the customer portfolio by including a key European commercial vehicle OEM and reinforces its domestic footprint.
💰
Financial Impact
The transaction value is approximately USD 5.65 million. The acquired business delivered an EBITDA of approximately USD 1.57 million for CY2025, with a return on average capital employed (ROACE) of around 20%.
⚙️
Operational Impact
Belrise gains three additional manufacturing facilities located in Pune, Jamshedpur, and Bangalore, enhancing its production capabilities and geographic reach. It integrates Hyva India’s engineering and design capabilities.
👥 What This Means For Shareholders
✅
Action Required
No specific action is required from shareholders as this is a completed business acquisition.
👤
Who Is Affected
Existing shareholders are affected by the integration of a new business unit into Belrise, which impacts the company’s overall financial and operational profile. The company's total turnover was INR 95,091 million prior to this acquisition.
🔍
Management Signal
This acquisition reveals management's intent to strategically expand its commercial vehicle segment and enhance its position as a diversified mobility solutions provider through targeted acquisitions.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Next quarterly financial results — assess integration progress and new business contribution.
Management commentary on synergy realization from the Hyva acquisition.
Updates on Belrise's expansion into new commercial vehicle OEMs.
LOW RISK The filing reports a completed acquisition with specified financial terms for the acquired entity, indicating clear progress.
💡 Investor Takeaway
Belrise Industries acquired Hyva India’s Tipper Body Business for approximately USD 5.65 million. The acquired business achieved an EBITDA of approximately USD 1.57 million for CY2025, with a ROACE of around 20%, adding to Belrise's manufacturing capabilities.
⚖️ Strengths & Concerns

✅ Positives

  • Acquired business EBITDA was approximately USD 1.57 million for CY2025, demonstrating operational efficiency.
  • The acquisition includes three established manufacturing facilities in Pune, Jamshedpur, and Bangalore.
📅 Company Track Record
Belrise Industries had a turnover of INR 95,091 million and a market share of approximately 24% in precision sheet metal pressing and fabrication. In March 2026, Belrise acquired a UK aerospace precision engineering firm with GBP 19.95 Mn revenue for £13.2 million.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the acquisition value of Hyva India's Tipper Body Business by Belrise Industries?
Belrise Industries acquired Hyva India's Tipper Body Business for approximately USD 5.65 million, through a Business Transfer Agreement on a slump sale basis.
What was the EBITDA of Hyva India's Tipper Body Business for CY2025?
Hyva India's Tipper Body Business delivered an EBITDA of approximately USD 1.57 million for CY2025, with a return on average capital employed (ROACE) of around 20%.
How many manufacturing facilities does Belrise Industries acquire through this transaction?
The acquisition enhances Belrise Industries' domestic footprint by adding three manufacturing facilities located in Pune, Jamshedpur, and Bangalore.
What EV/EBITDA multiple was used for the Hyva India acquisition?
The transaction is based on an Enterprise Value (EV) to Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) multiple of approximately 3.60x.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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