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 ₹ 2,513 Cr.
- Current Price ₹ 259
- High / Low ₹ 371 / 191
- Stock P/E 26.4
- Book Value ₹ 90.7
- Dividend Yield 0.96 %
- ROCE 14.5 %
- ROE 11.0 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 46.5%
Cons
- Stock is trading at 2.86 times its book value
- The company has delivered a poor sales growth of 7.46% over past five years.
- Company has a low return on equity of 12.3% over last 3 years.
- Promoters have pledged 91.4% 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
593 | 654 | 657 | 707 | 831 | 940 | 752 | 736 | 912 | 1,023 | 1,023 | 1,078 | |
492 | 539 | 557 | 604 | 679 | 775 | 679 | 648 | 783 | 870 | 881 | 925 | |
Operating Profit | 101 | 115 | 100 | 102 | 152 | 166 | 73 | 88 | 130 | 153 | 142 | 153 |
OPM % | 17% | 18% | 15% | 14% | 18% | 18% | 10% | 12% | 14% | 15% | 14% | 14% |
5 | 5 | 10 | 11 | 12 | 23 | 19 | 12 | 13 | 15 | 235 | -24 | |
Interest | 18 | 18 | 18 | 17 | 15 | 15 | 21 | 21 | 17 | 19 | 21 | 8 |
Depreciation | 33 | 28 | 29 | 29 | 28 | 32 | 29 | 27 | 33 | 36 | 37 | 40 |
Profit before tax | 55 | 74 | 64 | 68 | 120 | 143 | 42 | 52 | 93 | 114 | 318 | 80 |
Tax % | 30% | 30% | 28% | 27% | 32% | 31% | 29% | 16% | 25% | 25% | 21% | 26% |
38 | 52 | 46 | 49 | 82 | 99 | 29 | 44 | 70 | 86 | 250 | 59 | |
EPS in Rs | 3.94 | 5.37 | 4.75 | 5.09 | 8.45 | 10.19 | 3.04 | 4.51 | 7.24 | 8.85 | 25.85 | 6.06 |
Dividend Payout % | 28% | 28% | 30% | 28% | 31% | 26% | 26% | 11% | 28% | 11% | 16% | 112% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 7% |
3 Years: | 6% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 27% |
3 Years: | 10% |
TTM: | 12% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 35% |
3 Years: | 32% |
1 Year: | -20% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 12% |
3 Years: | 12% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 217 | 252 | 282 | 304 | 371 | 455 | 440 | 490 | 558 | 622 | 827 | 860 |
293 | 309 | 298 | 264 | 204 | 259 | 331 | 229 | 279 | 304 | 132 | 74 | |
132 | 148 | 136 | 133 | 176 | 178 | 151 | 167 | 152 | 166 | 157 | 150 | |
Total Liabilities | 662 | 729 | 735 | 720 | 770 | 911 | 941 | 905 | 1,008 | 1,112 | 1,135 | 1,103 |
203 | 221 | 224 | 212 | 224 | 285 | 321 | 313 | 310 | 298 | 281 | 285 | |
CWIP | 33 | 2 | 3 | 7 | 13 | 13 | 11 | 6 | 6 | 3 | 10 | 19 |
Investments | 21 | 20 | 19 | 24 | 25 | 31 | 29 | 31 | 57 | 33 | 42 | 35 |
405 | 487 | 489 | 477 | 508 | 582 | 580 | 554 | 635 | 778 | 802 | 764 | |
Total Assets | 662 | 729 | 735 | 720 | 770 | 911 | 941 | 905 | 1,008 | 1,112 | 1,135 | 1,103 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
61 | 57 | 97 | 72 | 127 | 47 | 84 | 148 | 8 | 37 | 108 | 87 | |
-59 | -17 | -22 | -14 | -39 | -65 | -46 | -24 | -43 | -35 | 137 | 3 | |
-0 | -18 | -71 | -68 | -97 | 28 | 6 | -124 | 21 | -13 | -241 | -92 | |
Net Cash Flow | 2 | 22 | 3 | -10 | -9 | 10 | 44 | -1 | -14 | -11 | 3 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 118 | 121 | 132 | 108 | 104 | 86 | 100 | 104 | 88 | 93 | 81 | 83 |
Inventory Days | 210 | 217 | 170 | 194 | 147 | 226 | 225 | 211 | 242 | 224 | 225 | 217 |
Days Payable | 122 | 130 | 117 | 118 | 107 | 106 | 89 | 128 | 94 | 84 | 57 | 60 |
Cash Conversion Cycle | 205 | 207 | 184 | 184 | 143 | 206 | 237 | 187 | 237 | 232 | 249 | 239 |
Working Capital Days | 140 | 149 | 127 | 137 | 103 | 127 | 142 | 143 | 159 | 179 | 179 | 169 |
ROCE % | 15% | 16% | 14% | 14% | 23% | 21% | 8% | 10% | 14% | 16% | 13% | 15% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
1d - Annual Secretarial Compliance Report for FY2025 confirms regulatory compliance; no major non-compliances reported.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - NRB Bearings Q4 FY25 revenue Rs 332 Cr (+16%), PAT Rs 33 Cr (+34%), declared Rs 6.8/share dividend.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
- Corporate Action-Board approves Dividend 14 May
- Financial Results March 31 2025 14 May
Annual reports
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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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Financial Year 2011
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Market Leadership
The company is recognized as a leader in needle roller bearings, and 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]