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 ₹ 3,050 Cr.
- Current Price ₹ 315
- High / Low ₹ 402 / 130
- Stock P/E 32.4
- Book Value ₹ 68.4
- Dividend Yield 1.63 %
- ROCE 15.9 %
- ROE 15.2 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 4.62 times its book value
- The company has delivered a poor sales growth of 4.26% over past five years.
- Company has a low return on equity of 12.7% over last 3 years.
- Earnings include an other income of Rs.218 Cr.
* 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
548 | 578 | 593 | 654 | 657 | 707 | 831 | 940 | 752 | 736 | 912 | 1,023 | 1,035 | |
441 | 484 | 492 | 539 | 557 | 604 | 679 | 775 | 679 | 648 | 783 | 869 | 880 | |
Operating Profit | 108 | 94 | 101 | 115 | 100 | 102 | 152 | 166 | 73 | 88 | 130 | 154 | 155 |
OPM % | 20% | 16% | 17% | 18% | 15% | 14% | 18% | 18% | 10% | 12% | 14% | 15% | 15% |
3 | 9 | 5 | 5 | 10 | 11 | 12 | 23 | 19 | 12 | 13 | 15 | 218 | |
Interest | 14 | 18 | 18 | 18 | 18 | 17 | 15 | 15 | 21 | 21 | 17 | 19 | 25 |
Depreciation | 28 | 30 | 33 | 28 | 29 | 29 | 28 | 32 | 29 | 27 | 33 | 36 | 37 |
Profit before tax | 69 | 55 | 55 | 74 | 64 | 68 | 120 | 143 | 42 | 52 | 93 | 114 | 311 |
Tax % | 30% | 15% | 30% | 30% | 28% | 27% | 32% | 31% | 29% | 16% | 25% | 25% | |
48 | 47 | 38 | 52 | 46 | 49 | 82 | 99 | 29 | 44 | 70 | 86 | 248 | |
EPS in Rs | 4.98 | 4.85 | 3.94 | 5.37 | 4.75 | 5.09 | 8.45 | 10.19 | 3.04 | 4.51 | 7.24 | 8.85 | 25.59 |
Dividend Payout % | 40% | 35% | 28% | 28% | 30% | 28% | 31% | 26% | 26% | 11% | 28% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 4% |
3 Years: | 11% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 3% |
3 Years: | 47% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 10% |
3 Years: | 46% |
1 Year: | 110% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 13% |
3 Years: | 13% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 225 | 191 | 217 | 252 | 282 | 304 | 371 | 455 | 440 | 490 | 558 | 622 | 643 |
233 | 247 | 293 | 309 | 298 | 264 | 204 | 259 | 331 | 229 | 279 | 304 | 282 | |
134 | 124 | 132 | 148 | 136 | 133 | 176 | 178 | 151 | 167 | 152 | 165 | 231 | |
Total Liabilities | 612 | 581 | 662 | 729 | 735 | 720 | 770 | 911 | 941 | 905 | 1,008 | 1,110 | 1,175 |
207 | 191 | 203 | 221 | 224 | 212 | 224 | 285 | 321 | 313 | 310 | 298 | 284 | |
CWIP | 20 | 18 | 33 | 2 | 3 | 7 | 13 | 13 | 11 | 6 | 6 | 3 | 3 |
Investments | 15 | 23 | 21 | 20 | 19 | 24 | 25 | 31 | 29 | 31 | 57 | 33 | 43 |
370 | 350 | 405 | 487 | 489 | 477 | 508 | 582 | 580 | 554 | 635 | 776 | 845 | |
Total Assets | 612 | 581 | 662 | 729 | 735 | 720 | 770 | 911 | 941 | 905 | 1,008 | 1,110 | 1,175 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
52 | 34 | 61 | 57 | 97 | 72 | 127 | 47 | 84 | 148 | 8 | 37 | |
-102 | -124 | -59 | -17 | -22 | -14 | -39 | -65 | -46 | -24 | -43 | -35 | |
99 | 39 | -0 | -18 | -71 | -68 | -97 | 28 | 6 | -124 | 21 | -13 | |
Net Cash Flow | 49 | -51 | 2 | 22 | 3 | -10 | -9 | 10 | 44 | -1 | -14 | -11 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 88 | 99 | 118 | 121 | 132 | 108 | 104 | 86 | 100 | 104 | 88 | 92 |
Inventory Days | 253 | 235 | 210 | 217 | 170 | 194 | 147 | 226 | 225 | 211 | 242 | 224 |
Days Payable | 128 | 117 | 122 | 130 | 117 | 118 | 107 | 106 | 89 | 128 | 94 | 84 |
Cash Conversion Cycle | 213 | 217 | 205 | 207 | 184 | 184 | 143 | 206 | 237 | 187 | 237 | 232 |
Working Capital Days | 102 | 127 | 140 | 149 | 127 | 137 | 103 | 127 | 142 | 143 | 159 | 188 |
ROCE % | 21% | 15% | 15% | 16% | 14% | 14% | 23% | 21% | 8% | 10% | 14% | 16% |
Documents
Announcements
- Compliance Under Regulation 40(9) And 40(10) Of SEBI (LODR) Regulations, 2015, For The Year Ended March 31, 2024. 12 Apr
- Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024 10 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Apr - Compliances under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2024.
- Closure of Trading Window 28 Mar
- Board Meeting Intimation for Board Meeting And Closure Of Trading Window 27 Mar
Annual reports
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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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Financial Year 2012
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Financial Year 2011
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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]