Aerospace foray by India's Belrise boosts long-term growth case, says JM Financial

Belrise Industries

19/03/2026 04:58

** Brokerage firm JM Financial says Belrise Industries' BELR.NS acquisition of U.K.-based Chester Hall Precision to enable diversification into aerospace and defence segments

** BELR on Wednesday said its subsidiary signed definitive agreement to acquire Chester Hall Precision, which has presence in global aerospace, space and defence sectors

** Chester Hall's established customer base, certifications and precision engineering expertise to provide a strong platform for BELR to scale globally, JM Financial says

** However, it adds that near-term impact on consolidated revenue and earnings of BELR will be marginal at 2% for fiscal years 2027 and 2028

** Raises PT on shares to 225 rupees from 215 rupees, retains "buy" rating

** Shares up 0.5% at 184.6 rupees in a weak market; on course for third straight session of gains

** YTD, BELR down 0.4%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))