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 ₹ 1,390 Cr.
- Current Price ₹ 143
- High / Low ₹ 186 / 107
- Stock P/E 18.8
- Book Value ₹ 61.4
- Dividend Yield 1.39 %
- ROCE 14.2 %
- ROE 13.4 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 21.7%
Cons
- The company has delivered a poor sales growth of 5.28% over past five years.
- Company has a low return on equity of 9.78% 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.
Peer comparison
Sector: Auto Ancillaries Industry: Bearings
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
471 | 548 | 578 | 593 | 654 | 657 | 707 | 831 | 940 | 752 | 736 | 914 | 968 | |
366 | 441 | 484 | 492 | 539 | 557 | 604 | 679 | 775 | 679 | 648 | 783 | 836 | |
Operating Profit | 106 | 108 | 94 | 101 | 115 | 100 | 102 | 152 | 166 | 73 | 88 | 131 | 131 |
OPM % | 22% | 20% | 16% | 17% | 18% | 15% | 14% | 18% | 18% | 10% | 12% | 14% | 14% |
3 | 3 | 9 | 5 | 5 | 10 | 11 | 12 | 23 | 19 | 12 | 11 | 14 | |
Interest | 6 | 14 | 18 | 18 | 18 | 18 | 17 | 15 | 15 | 21 | 21 | 17 | 15 |
Depreciation | 23 | 28 | 30 | 33 | 28 | 29 | 29 | 28 | 32 | 29 | 27 | 33 | 34 |
Profit before tax | 80 | 69 | 55 | 55 | 74 | 64 | 68 | 120 | 143 | 42 | 52 | 93 | 95 |
Tax % | 32% | 30% | 15% | 30% | 30% | 28% | 27% | 32% | 31% | 29% | 16% | 25% | |
Net Profit | 54 | 48 | 47 | 38 | 52 | 46 | 49 | 82 | 99 | 29 | 44 | 70 | 72 |
EPS in Rs | 5.56 | 4.98 | 4.85 | 3.94 | 5.37 | 4.75 | 5.09 | 8.45 | 10.19 | 3.04 | 4.51 | 7.24 | 7.39 |
Dividend Payout % | 36% | 40% | 35% | 28% | 28% | 30% | 28% | 31% | 26% | 26% | 11% | 28% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 5% |
3 Years: | -1% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 4% |
5 Years: | 8% |
3 Years: | -6% |
TTM: | -12% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | -1% |
3 Years: | 14% |
1 Year: | -14% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 14% |
3 Years: | 10% |
Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | |
Reserves | 200 | 225 | 191 | 217 | 252 | 282 | 304 | 371 | 455 | 440 | 490 | 558 | 576 |
97 | 233 | 247 | 293 | 309 | 298 | 264 | 204 | 259 | 331 | 229 | 279 | 235 | |
133 | 134 | 124 | 132 | 148 | 136 | 133 | 176 | 178 | 151 | 167 | 152 | 191 | |
Total Liabilities | 449 | 612 | 581 | 662 | 729 | 735 | 720 | 770 | 911 | 941 | 905 | 1,008 | 1,021 |
169 | 207 | 191 | 203 | 221 | 224 | 212 | 224 | 285 | 321 | 313 | 310 | 305 | |
CWIP | 2 | 20 | 18 | 33 | 2 | 3 | 7 | 13 | 13 | 11 | 6 | 6 | 7 |
Investments | 17 | 15 | 23 | 21 | 20 | 19 | 24 | 25 | 31 | 29 | 31 | 57 | 58 |
262 | 370 | 350 | 405 | 487 | 489 | 477 | 508 | 582 | 580 | 554 | 635 | 652 | |
Total Assets | 449 | 612 | 581 | 662 | 729 | 735 | 720 | 770 | 911 | 941 | 905 | 1,008 | 1,021 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
36 | 52 | 34 | 61 | 57 | 97 | 72 | 127 | 47 | 84 | 148 | 8 | |
-31 | -102 | -124 | -59 | -17 | -22 | -14 | -39 | -65 | -46 | -24 | -43 | |
-3 | 99 | 39 | -0 | -18 | -71 | -68 | -97 | 28 | 6 | -124 | 21 | |
Net Cash Flow | 1 | 49 | -51 | 2 | 22 | 3 | -10 | -9 | 10 | 44 | -1 | -14 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 82 | 88 | 99 | 118 | 121 | 132 | 108 | 104 | 86 | 100 | 104 | 88 |
Inventory Days | 257 | 253 | 235 | 210 | 217 | 170 | 194 | 147 | 226 | 225 | 211 | 238 |
Days Payable | 148 | 128 | 117 | 122 | 130 | 117 | 118 | 107 | 106 | 89 | 128 | 91 |
Cash Conversion Cycle | 191 | 213 | 217 | 205 | 207 | 184 | 184 | 143 | 206 | 237 | 187 | 235 |
Working Capital Days | 89 | 102 | 127 | 140 | 149 | 127 | 137 | 103 | 127 | 142 | 143 | 159 |
ROCE % | 29% | 21% | 15% | 15% | 16% | 14% | 14% | 23% | 21% | 8% | 10% | 14% |
Documents
Announcements
- Board Meeting Intimation for Un-Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Nine Months Ended December 31, 2022. 1d
- Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Intimation Of Internal Restructuring Of Subsidiary And Step Down Subsidiary 28 Jan
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Jan - Copy of the newspaper advertisement published in Free Press Journal and Navshakti on January 14, 2023, intimating transfer of equity shares to the Investor Education …
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jan - Depositories and Participants) Regulations, 2018, we enclose herewith the Certificate received from Universal Capital Securities Private Limited (100% subsidiary of Link Intime India Private Limited), …
- Closure of Trading Window 29 Dec 2022
Annual reports
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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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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Pioneer to produce Needle roller bearings
NRB is the first company in India to produce Needle roller bearings. The company has for more than 6 decades been into evolving bearing technology and has offered a wide range of high precision friction solutions for automotive sectors and other mobility applications. [1]