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 ₹ 2,198 Cr.
- Current Price ₹ 227
- High / Low ₹ 371 / 191
- Stock P/E 20.3
- Book Value ₹ 96.2
- Dividend Yield 1.10 %
- ROCE 14.6 %
- ROE 12.7 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 17.8%
- Debtor days have improved from 72.7 to 57.4 days.
Cons
- The company has delivered a poor sales growth of 2.54% over past five 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
590 | 606 | 669 | 673 | 726 | 855 | 965 | 776 | 762 | 943 | 1,057 | 1,094 | 1,154 | |
490 | 502 | 545 | 562 | 608 | 686 | 779 | 689 | 658 | 796 | 881 | 918 | 968 | |
Operating Profit | 101 | 104 | 124 | 111 | 117 | 169 | 186 | 86 | 105 | 147 | 176 | 176 | 186 |
OPM % | 17% | 17% | 19% | 17% | 16% | 20% | 19% | 11% | 14% | 16% | 17% | 16% | 16% |
9 | 3 | 4 | 3 | 8 | 12 | 22 | 16 | 15 | 10 | 12 | 205 | 29 | |
Interest | 19 | 19 | 19 | 18 | 18 | 15 | 16 | 22 | 23 | 18 | 20 | 22 | 13 |
Depreciation | 32 | 36 | 31 | 32 | 32 | 31 | 35 | 33 | 31 | 37 | 41 | 43 | 46 |
Profit before tax | 58 | 52 | 78 | 64 | 75 | 135 | 157 | 47 | 66 | 102 | 128 | 316 | 157 |
Tax % | 18% | 35% | 31% | 32% | 30% | 31% | 30% | 29% | 16% | 26% | 25% | 24% | |
48 | 34 | 54 | 43 | 53 | 93 | 110 | 33 | 56 | 76 | 96 | 242 | 115 | |
EPS in Rs | 4.87 | 3.40 | 5.49 | 4.33 | 5.33 | 9.36 | 11.17 | 3.31 | 5.58 | 7.56 | 9.70 | 24.71 | 11.63 |
Dividend Payout % | 35% | 32% | 27% | 32% | 26% | 28% | 23% | 24% | 9% | 26% | 10% | 17% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 3% |
3 Years: | 13% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 0% |
3 Years: | 22% |
TTM: | 0% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | 25% |
3 Years: | 23% |
1 Year: | -28% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 12% |
3 Years: | 14% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 179 | 200 | 235 | 260 | 285 | 359 | 451 | 438 | 498 | 569 | 648 | 841 | 912 |
272 | 316 | 327 | 311 | 275 | 216 | 280 | 359 | 253 | 302 | 329 | 178 | 150 | |
127 | 142 | 153 | 142 | 144 | 195 | 197 | 167 | 186 | 183 | 215 | 201 | 235 | |
Total Liabilities | 597 | 677 | 735 | 732 | 723 | 789 | 948 | 983 | 956 | 1,074 | 1,212 | 1,239 | 1,316 |
219 | 233 | 258 | 259 | 247 | 260 | 322 | 364 | 359 | 358 | 351 | 337 | 383 | |
CWIP | 19 | 38 | 4 | 5 | 9 | 15 | 15 | 16 | 10 | 11 | 28 | 43 | 22 |
Investments | 0 | 0 | 0 | 0 | 6 | 14 | 13 | 12 | 12 | 34 | 36 | 44 | 83 |
359 | 405 | 473 | 468 | 461 | 500 | 598 | 591 | 575 | 671 | 796 | 815 | 829 | |
Total Assets | 597 | 677 | 735 | 732 | 723 | 789 | 948 | 983 | 956 | 1,074 | 1,212 | 1,239 | 1,316 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
34 | 73 | 71 | 92 | 85 | 133 | 71 | 102 | 158 | 16 | 61 | 115 | |
-124 | -67 | -24 | -10 | -25 | -46 | -89 | -65 | -32 | -50 | -44 | 100 | |
38 | -4 | -25 | -79 | -69 | -96 | 36 | 9 | -129 | 22 | -13 | -222 | |
Net Cash Flow | -52 | 2 | 22 | 4 | -10 | -9 | 17 | 46 | -3 | -12 | 4 | -7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 94 | 111 | 109 | 123 | 97 | 100 | 81 | 94 | 100 | 83 | 77 | 57 |
Inventory Days | 254 | 226 | 238 | 203 | 231 | 175 | 278 | 271 | 258 | 305 | 330 | 364 |
Days Payable | 118 | 114 | 129 | 126 | 133 | 123 | 123 | 100 | 143 | 113 | 115 | 84 |
Cash Conversion Cycle | 230 | 223 | 218 | 200 | 195 | 152 | 237 | 266 | 215 | 275 | 292 | 338 |
Working Capital Days | 126 | 130 | 135 | 123 | 127 | 91 | 123 | 134 | 140 | 155 | 164 | 168 |
ROCE % | 16% | 14% | 17% | 14% | 16% | 25% | 23% | 9% | 11% | 15% | 16% | 15% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
1d - INR 200 Cr capex approved for capacity upgrade; new Company Secretary and Secretarial Auditor appointed.
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Intimation Under Regulation 8(2) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015 ('SEBI PIT Regulations')
1d - NRB Bearings adopts updated Code for Fair Disclosure of UPSI per SEBI regulations on April 25, 2025.
-
Announcement Under Regulation 30 Of SEBI (LODR) Regulation 2015 - Capacity Addition
1d - Approved INR 200 Cr capex for capacity expansion and R&D upgrades starting Q4 FY27; new Company Secretary appointed.
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Board Meeting Outcome for Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015
1d - INR 200 Cr capex approved for capacity expansion; new Company Secretary appointed; secretarial auditor appointed for 5 years.
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Appointment of Company Secretary and Compliance Officer
1d - INR 200 Cr capex approved for capacity expansion; new Company Secretary and Secretarial Auditor appointed.
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]