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 ₹ 2,734 Cr.
- Current Price ₹ 282
- High / Low ₹ 337 / 191
- Stock P/E 23.8
- Book Value ₹ 94.8
- Dividend Yield 0.89 %
- ROCE 16.2 %
- ROE 12.9 %
- Face Value ₹ 2.00
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 65.9% 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
Consolidated Figures in Rs. Crores / View Standalone
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: | 10% |
5 Years: | 29% |
3 Years: | 26% |
1 Year: | -13% |
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 | 22 | 34 | 28 | 48 | 47 | 56 | 19 | 61 | 64 | 75 | 119 | 129 |
ROCE % | 14% | 17% | 14% | 16% | 25% | 23% | 9% | 11% | 15% | 16% | 15% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
6h - CRISIL reaffirms NRB Bearings' credit ratings: AA-/Stable long-term, A1+ short-term for Rs. 500 Cr loans.
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Board Meeting Intimation for Approval Of Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter Ended June 30, 2025.
1d - Board meeting on Aug 7 to approve Q1 2025 unaudited results; trading window closed till Aug 9.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 25 Jul
-
Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
15 Jul - Release of 11.09 lakh NRB Bearings shares pledged by Trilochan Singh Sahney Trust 1 on June 10, 2025.
-
Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
15 Jul - Promoter Harshbeena Sahney Zaveri released 1.15 crore pledged shares on June 10, 2025, due to loan repayment.
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 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]