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 ₹ 4,151 Cr.
- Current Price ₹ 428
- High / Low ₹ 456 / 213
- Stock P/E 32.8
- Book Value ₹ 93.0
- Dividend Yield 1.86 %
- ROCE 18.3 %
- ROE 14.2 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 63.8%
Cons
- The company has delivered a poor sales growth of 10.0% over past five years.
- Company has a low return on equity of 12.3% over last 3 years.
- Promoters have pledged 77.7% of their holding.
* 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 | 870 | 881 | 925 | 1,005 | |
| Operating Profit | 115 | 100 | 102 | 152 | 166 | 73 | 88 | 130 | 153 | 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% | 63% |
| 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: | 34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 26% |
| 3 Years: | 32% |
| 1 Year: | 48% |
| 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 | 166 | 157 | 150 | 176 | |
| Total Liabilities | 729 | 735 | 720 | 770 | 911 | 941 | 905 | 1,008 | 1,112 | 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 | 778 | 802 | 764 | 750 | |
| Total Assets | 729 | 735 | 720 | 770 | 911 | 941 | 905 | 1,008 | 1,112 | 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 | -56 | |
| -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 | -15 |
| 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% | 45% | 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 | 93 | 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 | 96 | 142 | 145 | 132 |
| ROCE % | 16% | 14% | 14% | 23% | 21% | 8% | 10% | 14% | 16% | 13% | 14% | 18% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D Spend (Standalone) INR Lacs |
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| Export Revenue Mix % |
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| Number of Product Designs / Categories (SKUs) Count |
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| Geographic Reach (Number of Countries Served) Count |
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| Market Share in Needle Roller Bearings (India) % |
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| Number of Dealers/Distributors Count |
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| Market Share in Cylindrical Roller Bearings (India) % |
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Extracted by Screener AI
Documents
Announcements
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General Updates
14 Jun - Promoter pledge reduced from 31.64% to 11.42% after block deal; FY26 revenue rose 11%.
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
13 Jun - Promoter Harshbeena Zaveri released 1.96 crore pledged NRB Bearings shares on June 11-12, 2026.
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 13 Jun
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 13 Jun
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 11 Jun
Annual reports
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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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Financial Year 2012
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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]