NRB Bearings Ltd
NRB Bearings have pioneered in the manufacturing of needle roller bearings in India since 1965. More than 90% of the vehicles running on Indian roads are running on bearings manufactured by NRB.
The Company is engaged in the business of manufacturing ball and roller bearings having its applications in automotive sector as well as across all mobility applications.
- Market Cap ₹ 3,801 Cr.
- Current Price ₹ 392
- High / Low ₹ 468 / 213
- Stock P/E 30.3
- Book Value ₹ 93.0
- Dividend Yield 2.03 %
- ROCE 18.1 %
- ROE 14.1 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 57.9%
Cons
- Promoter holding has decreased over last quarter: -6.47%
- The company has delivered a poor sales growth of 10.0% over past five years.
- Company has a low return on equity of 12.2% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 654 | 657 | 707 | 831 | 940 | 752 | 736 | 912 | 1,023 | 1,023 | 1,078 | 1,186 | |
| 539 | 557 | 604 | 679 | 775 | 679 | 648 | 783 | 869 | 881 | 925 | 1,005 | |
| Operating Profit | 115 | 100 | 102 | 152 | 166 | 73 | 88 | 130 | 154 | 142 | 153 | 180 |
| OPM % | 18% | 15% | 14% | 18% | 18% | 10% | 12% | 14% | 15% | 14% | 14% | 15% |
| 5 | 10 | 11 | 12 | 23 | 19 | 12 | 13 | 15 | 235 | -24 | 31 | |
| Interest | 18 | 18 | 17 | 15 | 15 | 21 | 21 | 17 | 19 | 21 | 8 | 4 |
| Depreciation | 28 | 29 | 29 | 28 | 32 | 29 | 27 | 33 | 36 | 37 | 40 | 46 |
| Profit before tax | 74 | 64 | 68 | 120 | 143 | 42 | 52 | 93 | 114 | 318 | 80 | 161 |
| Tax % | 30% | 28% | 27% | 32% | 31% | 29% | 16% | 25% | 25% | 21% | 26% | 25% |
| 52 | 46 | 49 | 82 | 99 | 29 | 44 | 70 | 86 | 250 | 59 | 122 | |
| EPS in Rs | 5.37 | 4.75 | 5.09 | 8.45 | 10.19 | 3.04 | 4.51 | 7.24 | 8.85 | 25.85 | 6.06 | 12.54 |
| Dividend Payout % | 28% | 30% | 28% | 31% | 26% | 26% | 11% | 28% | 11% | 16% | 112% | 45% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 10% |
| 3 Years: | 5% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 24% |
| 3 Years: | 11% |
| TTM: | 32% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 23% |
| 3 Years: | 16% |
| 1 Year: | 28% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 13% |
| 3 Years: | 12% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 252 | 282 | 304 | 371 | 455 | 440 | 490 | 558 | 622 | 827 | 860 | 882 |
| 309 | 298 | 264 | 204 | 259 | 331 | 229 | 279 | 304 | 132 | 74 | 33 | |
| 148 | 136 | 133 | 176 | 178 | 151 | 167 | 152 | 165 | 157 | 150 | 176 | |
| Total Liabilities | 729 | 735 | 720 | 770 | 911 | 941 | 905 | 1,008 | 1,110 | 1,135 | 1,103 | 1,111 |
| 221 | 224 | 212 | 224 | 285 | 321 | 313 | 310 | 298 | 281 | 285 | 312 | |
| CWIP | 2 | 3 | 7 | 13 | 13 | 11 | 6 | 6 | 3 | 10 | 19 | 9 |
| Investments | 20 | 19 | 24 | 25 | 31 | 29 | 31 | 57 | 33 | 42 | 35 | 40 |
| 487 | 489 | 477 | 508 | 582 | 580 | 554 | 635 | 776 | 802 | 764 | 750 | |
| Total Assets | 729 | 735 | 720 | 770 | 911 | 941 | 905 | 1,008 | 1,110 | 1,135 | 1,103 | 1,111 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57 | 97 | 72 | 127 | 47 | 84 | 148 | 8 | 37 | 108 | 86 | 183 | |
| -17 | -22 | -14 | -39 | -65 | -46 | -24 | -43 | -35 | 137 | 2 | -67 | |
| -18 | -71 | -68 | -97 | 28 | 6 | -124 | 21 | -13 | -241 | -91 | -141 | |
| Net Cash Flow | 22 | 3 | -10 | -9 | 10 | 44 | -1 | -14 | -11 | 3 | -3 | -26 |
| Free Cash Flow | 44 | 79 | 48 | 93 | -25 | 32 | 119 | -16 | 19 | 77 | 34 | 120 |
| CFO/OP | 72% | 115% | 93% | 106% | 58% | 129% | 181% | 23% | 44% | 98% | 78% | 126% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 121 | 132 | 108 | 104 | 86 | 100 | 104 | 88 | 92 | 81 | 83 | 90 |
| Inventory Days | 217 | 170 | 194 | 147 | 226 | 225 | 211 | 242 | 224 | 225 | 217 | 180 |
| Days Payable | 130 | 117 | 118 | 107 | 106 | 89 | 128 | 94 | 84 | 57 | 60 | 65 |
| Cash Conversion Cycle | 207 | 184 | 184 | 143 | 206 | 237 | 187 | 237 | 232 | 249 | 239 | 205 |
| Working Capital Days | 53 | 35 | 62 | 63 | 67 | 36 | 74 | 74 | 105 | 142 | 145 | 131 |
| ROCE % | 16% | 14% | 14% | 23% | 21% | 8% | 10% | 14% | 16% | 13% | 14% | 18% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Number of permanent employees count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
17 Jul - MTRPL completed MTR acquisition on July 17, 2026; also ստացել AS9100D aerospace certification.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
17 Jul - MTRPL completed MTR acquisition on July 17, 2026; also secured AS9100D aerospace certification.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Jul - Compliance under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Jul - Newspaper Advertisement pertaining to notice of 61st Annual General Meeting and E-voting Information
- Intimation Of Record Date Of 61St Annual General Meeting For E- Voting 7 Jul
Annual reports
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Financial Year 2026
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Concalls
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May 2026TranscriptPPTREC
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Feb 2026TranscriptPPT
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Nov 2025Transcript PPT
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Jun 2025TranscriptAI SummaryPPT
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Mar 2025TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Dec 2021TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
Market Leadership
The company is a leader in needle roller bearings, conventional cylindrical roller bearings, and has developed a new generation of lightweight drawn cup bearings. It was the first to manufacture needle roller bearings in India, with an estimated market share of 60% in this segment. Over 90% of Indian vehicles use parts manufactured by the company. [1][2]