NRB Bearings Ltd

₹ 302 3.45%

30 Jun - close price

nrbbearings.com BSE: 530367 NSE: NRBBEARING

About

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.

Key Points

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]

Website BSE NSE

Market Cap ₹ 2,932 Cr.
Current Price ₹ 302
High / Low ₹ 357 / 191
Stock P/E 25.6
Book Value ₹ 94.8
Dividend Yield 0.83 %
ROCE 16.2 %
ROE 12.9 %
Face Value ₹ 2.00

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Pros

Company has been maintaining a healthy dividend payout of 36.6%

Cons

The company has delivered a poor sales growth of 9.09% over past five years.
Company has a low return on equity of 13.7% over last 3 years.
Promoters have pledged or encumbered 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.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	254.54	236.11	257.52	251.09	312.44	272.02	278.99	258.41	284.61	289.29	301.51	278.52	329.29
	212.52	193.18	227.07	216.63	248.11	226.64	233.48	222.68	237.39	246.96	249.68	233.70	269.03
Operating Profit	42.02	42.93	30.45	34.46	64.33	45.38	45.51	35.73	47.22	42.33	51.83	44.82	60.26
OPM %	16.51%	18.18%	11.82%	13.72%	20.59%	16.68%	16.31%	13.83%	16.59%	14.63%	17.19%	16.09%	18.30%
	-3.49	3.42	3.48	14.18	-5.19	-0.76	5.08	191.57	11.73	5.07	10.38	1.99	-44.69
Interest	4.27	3.35	3.79	5.16	7.34	6.42	6.24	5.68	3.93	3.14	3.01	2.51	2.42
Depreciation	9.40	9.55	10.22	10.57	10.46	10.54	10.72	11.02	11.04	11.17	11.57	12.42	12.42
Profit before tax	24.86	33.45	19.92	32.91	41.34	27.66	33.63	210.60	43.98	33.09	47.63	31.88	0.73
Tax %	29.77%	26.88%	33.38%	28.75%	15.41%	31.34%	26.76%	21.12%	27.76%	22.57%	24.54%	30.68%	283.56%
	17.46	24.46	13.27	23.45	34.97	18.99	24.63	166.12	31.77	25.62	35.94	22.10	-1.34
EPS in Rs	1.75	2.47	1.30	2.36	3.57	1.91	2.48	17.09	3.22	2.57	3.64	2.20	-0.21
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	606	669	673	726	855	965	776	762	943	1,057	1,094	1,199
	502	545	562	608	686	779	689	658	796	881	918	999
Operating Profit	104	124	111	117	169	186	86	105	147	176	176	199
OPM %	17%	19%	17%	16%	20%	19%	11%	14%	16%	17%	16%	17%
	3	4	3	8	12	22	16	15	10	12	205	-27
Interest	19	19	18	18	15	16	22	23	18	20	22	11
Depreciation	36	31	32	32	31	35	33	31	37	41	43	48
Profit before tax	52	78	64	75	135	157	47	66	102	128	316	113
Tax %	35%	31%	32%	30%	31%	30%	29%	16%	26%	25%	24%	27%
	34	54	43	53	93	110	33	56	76	96	242	82
EPS in Rs	3.40	5.49	4.33	5.33	9.36	11.17	3.31	5.58	7.56	9.70	24.71	8.20
Dividend Payout %	32%	27%	32%	26%	28%	23%	24%	9%	26%	10%	17%	83%

Compounded Sales Growth
10 Years:	6%
5 Years:	9%
3 Years:	8%
TTM:	10%

Compounded Profit Growth
10 Years:	8%
5 Years:	29%
3 Years:	15%
TTM:	18%

Stock Price CAGR
10 Years:	11%
5 Years:	28%
3 Years:	30%
1 Year:	-12%

Return on Equity
10 Years:	15%
5 Years:	13%
3 Years:	14%
Last Year:	13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	200	235	260	285	359	451	438	498	569	648	841	899
	316	327	311	275	216	280	359	253	302	329	178	187
	142	153	142	144	195	197	167	186	183	215	201	194
Total Liabilities	677	735	732	723	789	948	983	956	1,074	1,212	1,239	1,300
	233	258	259	247	260	322	364	359	358	351	337	377
CWIP	38	4	5	9	15	15	16	10	11	28	43	39
Investments	0	0	0	6	14	13	12	12	34	36	44	58
	405	473	468	461	500	598	591	575	671	796	815	826
Total Assets	677	735	732	723	789	948	983	956	1,074	1,212	1,239	1,300

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	73	71	92	85	133	71	102	158	16	61	115	84
	-67	-24	-10	-25	-46	-89	-65	-32	-50	-44	100	-60
	-4	-25	-79	-69	-96	36	9	-129	22	-13	-222	-29
Net Cash Flow	2	22	4	-10	-9	17	46	-3	-12	4	-7	-5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	111	109	123	97	100	81	94	100	83	77	57	66
Inventory Days	226	238	203	231	175	278	271	258	305	330	364	352
Days Payable	114	129	126	133	123	123	100	143	113	115	84	84
Cash Conversion Cycle	223	218	200	195	152	237	266	215	275	292	338	334
Working Capital Days	130	135	123	127	91	123	134	140	155	164	168	186
ROCE %	14%	17%	14%	16%	25%	23%	9%	11%	15%	16%	15%	16%

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	49.86%	49.86%	49.90%	50.11%	50.24%	50.63%	50.67%	50.69%	50.69%	51.16%	51.12%	51.20%
	21.50%	21.52%	21.32%	21.29%	21.85%	14.31%	14.31%	14.33%	13.69%	13.74%	13.45%	13.65%
	11.61%	11.87%	11.76%	11.49%	11.18%	19.48%	19.69%	18.59%	17.58%	17.08%	15.34%	14.56%
	17.04%	16.75%	17.02%	17.11%	16.73%	15.58%	15.32%	16.39%	18.05%	18.01%	20.08%	20.59%
No. of Shareholders	46,737	44,697	46,274	47,966	45,662	47,766	53,057	52,837	64,259	65,250	73,836	75,444

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	54.66%	53.63%	52.67%	48.74%	49.62%	49.85%	50.11%	50.69%	51.20%
	19.12%	17.39%	15.28%	19.48%	20.14%	21.90%	21.29%	14.33%	13.65%
	14.68%	16.11%	19.28%	21.39%	13.72%	11.60%	11.49%	18.59%	14.56%
	11.54%	12.87%	12.77%	10.39%	16.51%	16.65%	17.11%	16.39%	20.59%
No. of Shareholders	11,273	22,141	25,264	23,343	45,403	48,181	47,966	52,837	75,444

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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