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 ₹ 4,340 Cr.
- Current Price ₹ 448
- High / Low ₹ 560 / 213
- Stock P/E 29.0
- Book Value ₹ 99.3
- Dividend Yield 1.78 %
- ROCE 18.4 %
- ROE 15.6 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 46.1%
Cons
- Promoter holding has decreased over last quarter: -0.85%
- 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.
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 669 | 673 | 726 | 855 | 965 | 776 | 762 | 943 | 1,057 | 1,094 | 1,199 | 1,335 | 1,395 | |
| 545 | 562 | 608 | 686 | 779 | 689 | 658 | 796 | 881 | 918 | 999 | 1,103 | 1,150 | |
| Operating Profit | 124 | 111 | 117 | 169 | 186 | 86 | 105 | 147 | 176 | 176 | 199 | 232 | 245 |
| OPM % | 19% | 17% | 16% | 20% | 19% | 11% | 14% | 16% | 17% | 16% | 17% | 17% | 18% |
| 4 | 3 | 8 | 12 | 22 | 16 | 15 | 10 | 12 | 205 | -27 | 27 | 26 | |
| Interest | 19 | 18 | 18 | 15 | 16 | 22 | 23 | 18 | 20 | 22 | 11 | 9 | 8 |
| Depreciation | 31 | 32 | 32 | 31 | 35 | 33 | 31 | 37 | 41 | 43 | 48 | 57 | 62 |
| Profit before tax | 78 | 64 | 75 | 135 | 157 | 47 | 66 | 102 | 128 | 316 | 113 | 194 | 201 |
| 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 | 151 | |
| 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 | 15.21 |
| Dividend Payout % | 27% | 32% | 26% | 28% | 23% | 24% | 9% | 26% | 10% | 17% | 83% | 39% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 12% |
| 3 Years: | 8% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 22% |
| 3 Years: | 13% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 28% |
| 3 Years: | 21% |
| 1 Year: | 64% |
| 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 | 421 | |
| 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 | -131 | |
| -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 | -29 |
| Free Cash Flow | 53 | 73 | 58 | 94 | -21 | 37 | 122 | -14 | 21 | 66 | 2 | 136 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 80% | 102% | 95% | 100% | 66% | 133% | 164% | 28% | 56% | 86% | 61% | 126% |
Ratios
Consolidated / 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 | 102 |
| ROCE % | 17% | 14% | 16% | 25% | 23% | 9% | 11% | 15% | 16% | 15% | 16% | 18% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of permanent employees count ・Standalone data |
|
||||||||||
| Number of countries served count |
|||||||||||
| Number of manufacturing facilities (India) count ・Standalone data |
|||||||||||
| Market share in needle bearings (India) % ・Standalone data |
|||||||||||
| Industrial segment share of revenue % |
|||||||||||
| Number of robotic/automated lines count |
|||||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- NRB Bearings Limited Q2 FY27 Earnings Call on Thursday, November 5, 2026 at 12:00 p.m. IST
-
Board Meeting Intimation for Intimation Of The Board Meeting And Closure Of Trading Window
- Board meets November 4, 2026 to approve Q2/H1 results and consider interim dividend; trading window closed till November 6.
-
General Announcement
- NRB Bearings to sell 2.57% AAPL stake for ₹1.456 crore to Apcotex and Deepak Novochem.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Regn 74(5) of SEBI (DP) Regulations for the quarter ended September 30, 2026
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
- Promoter Harshbeena Zaveri sold 44,597 shares and released pledge on 9,00,000 shares.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
-
Annual Report 2015
from bse
-
Annual Report 2014
from bse
-
Annual Report 2013
from nse
-
Annual Report 2013
from bse
Concalls
-
Aug 2026Transcript
-
Aug 2026Transcript REC
-
May 2026Transcript REC
-
Feb 2026Transcript
-
Nov 2025Transcript PPT
-
Jun 2025PPT
-
Mar 2025PPT
-
Aug 2023PPT
-
Feb 2022PPT
-
Dec 2021PPT
-
Nov 2021PPT
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]