NRB Bearings Ltd

₹ 370 -3.09%

29 May - 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 ₹ 3,586 Cr.
Current Price ₹ 370
High / Low ₹ 390 / 213
Stock P/E 24.3
Book Value ₹ 99.3
Dividend Yield 2.15 %
ROCE 18.6 %
ROE 15.7 %
Face Value ₹ 2.00

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Pros

Company has been maintaining a healthy dividend payout of 51.2%

Cons

The company has delivered a poor sales growth of 11.9% over past five years.
Company has a low return on equity of 13.8% 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.

Peer comparison

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

Part of BSE Consumer Discretionary BSE 1000

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	312	272	279	258	285	289	302	279	329	310	325	328	372
	248	227	233	223	237	247	250	234	269	259	272	267	305
Operating Profit	64	45	46	36	47	42	52	45	60	51	54	60	67
OPM %	21%	17%	16%	14%	17%	15%	17%	16%	18%	17%	16%	18%	18%
	-5	-1	5	192	12	5	10	2	-45	9	14	-3	7
Interest	7	6	6	6	4	3	3	3	2	3	2	2	2
Depreciation	10	11	11	11	11	11	12	12	12	13	13	14	16
Profit before tax	41	28	34	211	44	33	48	32	1	45	52	41	56
Tax %	15%	31%	27%	21%	28%	23%	25%	31%	284%	27%	21%	29%	25%
	35	19	25	166	32	26	36	22	-1	33	41	29	42
EPS in Rs	3.57	1.91	2.48	17.09	3.22	2.57	3.64	2.20	-0.21	3.31	4.19	2.95	4.27
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	669	673	726	855	965	776	762	943	1,057	1,094	1,199	1,335
	545	562	608	686	779	689	658	796	881	918	999	1,103
Operating Profit	124	111	117	169	186	86	105	147	176	176	199	232
OPM %	19%	17%	16%	20%	19%	11%	14%	16%	17%	16%	17%	17%
	4	3	8	12	22	16	15	10	12	205	-27	27
Interest	19	18	18	15	16	22	23	18	20	22	11	9
Depreciation	31	32	32	31	35	33	31	37	41	43	48	57
Profit before tax	78	64	75	135	157	47	66	102	128	316	113	194
Tax %	31%	32%	30%	31%	30%	29%	16%	26%	25%	24%	27%	25%
	54	43	53	93	110	33	56	76	96	242	82	146
EPS in Rs	5.49	4.33	5.33	9.36	11.17	3.31	5.58	7.56	9.70	24.71	8.20	14.73
Dividend Payout %	27%	32%	26%	28%	23%	24%	9%	26%	10%	17%	83%	54%

Compounded Sales Growth
10 Years:	7%
5 Years:	12%
3 Years:	8%
TTM:	11%

Compounded Profit Growth
10 Years:	13%
5 Years:	22%
3 Years:	14%
TTM:	31%

Stock Price CAGR
10 Years:	13%
5 Years:	26%
3 Years:	29%
1 Year:	37%

Return on Equity
10 Years:	15%
5 Years:	14%
3 Years:	14%
Last Year:	16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	235	260	285	359	451	438	498	569	648	841	899	943
	327	311	275	216	280	359	253	302	329	178	187	154
	153	142	144	195	197	167	186	183	215	201	201	239
Total Liabilities	735	732	723	789	948	983	956	1,074	1,212	1,239	1,306	1,356
	258	259	247	260	322	364	359	358	351	337	377	422
CWIP	4	5	9	15	15	16	10	11	28	43	40	43
Investments	0	0	6	14	13	12	12	34	36	44	58	74
	473	468	461	500	598	591	575	671	796	815	832	818
Total Assets	735	732	723	789	948	983	956	1,074	1,212	1,239	1,306	1,356

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	71	92	85	133	71	102	158	16	61	115	84	241
	-24	-10	-25	-46	-89	-65	-32	-50	-44	100	-60	-120
	-25	-79	-69	-96	36	9	-129	22	-13	-222	-29	-140
Net Cash Flow	22	4	-10	-9	17	46	-3	-12	4	-7	-5	-18
Free Cash Flow	53	73	58	94	-21	37	122	-14	21	66	2	136
CFO/OP	80%	102%	95%	100%	66%	133%	164%	28%	56%	86%	61%	126%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	109	123	97	100	81	94	100	83	77	57	66	67
Inventory Days	238	203	231	175	278	271	258	305	330	364	349	302
Days Payable	129	126	133	123	123	100	143	113	115	84	83	88
Cash Conversion Cycle	218	200	195	152	237	266	215	275	292	338	332	281
Working Capital Days	34	28	48	47	56	19	61	64	75	119	118	113
ROCE %	17%	14%	16%	25%	23%	9%	11%	15%	16%	15%	16%	19%

Insights

In beta

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R&D Spend (Standalone)
INR Lacs ・Standalone data

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Export Revenue Mix
%

Number of Product Designs / Categories (SKUs)
Count

Geographic Reach (Number of Countries Served)
Count

Market Share in Needle Roller Bearings (India)
%

Number of Dealers/Distributors
Count

Market Share in Cylindrical Roller Bearings (India)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

11 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	50.24%	50.63%	50.67%	50.69%	50.69%	51.16%	51.12%	51.20%	51.20%	51.20%	51.20%	51.20%
	21.85%	14.31%	14.31%	14.33%	13.69%	13.74%	13.45%	13.65%	14.05%	14.29%	14.12%	14.69%
	11.18%	19.48%	19.69%	18.59%	17.58%	17.08%	15.34%	14.56%	13.33%	12.27%	10.31%	10.06%
	16.73%	15.58%	15.32%	16.39%	18.05%	18.01%	20.08%	20.59%	21.42%	22.25%	24.37%	24.06%
No. of Shareholders	45,662	47,766	53,057	52,837	64,259	65,250	73,836	75,444	73,187	70,852	71,692	70,810

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	54.66%	53.63%	52.67%	48.74%	49.62%	49.85%	50.11%	50.69%	51.20%	51.20%
	19.12%	17.39%	15.28%	19.48%	20.14%	21.90%	21.29%	14.33%	13.65%	14.69%
	14.68%	16.11%	19.28%	21.39%	13.72%	11.60%	11.49%	18.59%	14.56%	10.06%
	11.54%	12.87%	12.77%	10.39%	16.51%	16.65%	17.11%	16.39%	20.59%	24.06%
No. of Shareholders	11,273	22,141	25,264	23,343	45,403	48,181	47,966	52,837	75,444	70,810

* 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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