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 ₹ 3,171 Cr.
- Current Price ₹ 327
- High / Low ₹ 402 / 245
- Stock P/E 39.6
- Book Value ₹ 87.4
- Dividend Yield 1.56 %
- ROCE 13.3 %
- ROE 11.4 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 18.3%
Cons
- Stock is trading at 3.74 times its book value
- The company has delivered a poor sales growth of 1.69% over past five years.
- Company has a low return on equity of 13.1% over last 3 years.
- Earnings include an other income of Rs.219 Cr.
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
578 | 593 | 654 | 657 | 707 | 831 | 940 | 752 | 736 | 912 | 1,023 | 1,023 | 1,028 | |
484 | 492 | 539 | 557 | 604 | 679 | 775 | 679 | 648 | 783 | 870 | 881 | 894 | |
Operating Profit | 94 | 101 | 115 | 100 | 102 | 152 | 166 | 73 | 88 | 130 | 153 | 142 | 135 |
OPM % | 16% | 17% | 18% | 15% | 14% | 18% | 18% | 10% | 12% | 14% | 15% | 14% | 13% |
9 | 5 | 5 | 10 | 11 | 12 | 23 | 19 | 12 | 13 | 15 | 235 | 219 | |
Interest | 18 | 18 | 18 | 18 | 17 | 15 | 15 | 21 | 21 | 17 | 19 | 21 | 17 |
Depreciation | 30 | 33 | 28 | 29 | 29 | 28 | 32 | 29 | 27 | 33 | 36 | 37 | 38 |
Profit before tax | 55 | 55 | 74 | 64 | 68 | 120 | 143 | 42 | 52 | 93 | 114 | 318 | 298 |
Tax % | 15% | 30% | 30% | 28% | 27% | 32% | 31% | 29% | 16% | 25% | 25% | 21% | |
47 | 38 | 52 | 46 | 49 | 82 | 99 | 29 | 44 | 70 | 86 | 250 | 232 | |
EPS in Rs | 4.85 | 3.94 | 5.37 | 4.75 | 5.09 | 8.45 | 10.19 | 3.04 | 4.51 | 7.24 | 8.85 | 25.85 | 23.98 |
Dividend Payout % | 35% | 28% | 28% | 30% | 28% | 31% | 26% | 26% | 11% | 28% | 11% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 2% |
3 Years: | 12% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | -1% |
3 Years: | 25% |
TTM: | -10% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 27% |
3 Years: | 35% |
1 Year: | 20% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 11% |
3 Years: | 13% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 191 | 217 | 252 | 282 | 304 | 371 | 455 | 440 | 490 | 558 | 622 | 827 |
247 | 293 | 309 | 298 | 264 | 204 | 259 | 331 | 229 | 279 | 304 | 132 | |
124 | 132 | 148 | 136 | 133 | 176 | 178 | 151 | 167 | 152 | 166 | 157 | |
Total Liabilities | 581 | 662 | 729 | 735 | 720 | 770 | 911 | 941 | 905 | 1,008 | 1,112 | 1,135 |
191 | 203 | 221 | 224 | 212 | 224 | 285 | 321 | 313 | 310 | 298 | 281 | |
CWIP | 18 | 33 | 2 | 3 | 7 | 13 | 13 | 11 | 6 | 6 | 3 | 10 |
Investments | 23 | 21 | 20 | 19 | 24 | 25 | 31 | 29 | 31 | 57 | 33 | 42 |
350 | 405 | 487 | 489 | 477 | 508 | 582 | 580 | 554 | 635 | 778 | 802 | |
Total Assets | 581 | 662 | 729 | 735 | 720 | 770 | 911 | 941 | 905 | 1,008 | 1,112 | 1,135 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
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 | 61 | 57 | 97 | 72 | 127 | 47 | 84 | 148 | 8 | 37 | 108 | |
-124 | -59 | -17 | -22 | -14 | -39 | -65 | -46 | -24 | -43 | -35 | 137 | |
39 | -0 | -18 | -71 | -68 | -97 | 28 | 6 | -124 | 21 | -13 | -241 | |
Net Cash Flow | -51 | 2 | 22 | 3 | -10 | -9 | 10 | 44 | -1 | -14 | -11 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 99 | 118 | 121 | 132 | 108 | 104 | 86 | 100 | 104 | 88 | 93 | 81 |
Inventory Days | 235 | 210 | 217 | 170 | 194 | 147 | 226 | 225 | 211 | 242 | 224 | 225 |
Days Payable | 117 | 122 | 130 | 117 | 118 | 107 | 106 | 89 | 128 | 94 | 84 | 57 |
Cash Conversion Cycle | 217 | 205 | 207 | 184 | 184 | 143 | 206 | 237 | 187 | 237 | 232 | 249 |
Working Capital Days | 127 | 140 | 149 | 127 | 137 | 103 | 127 | 142 | 143 | 159 | 179 | 179 |
ROCE % | 15% | 15% | 16% | 14% | 14% | 23% | 21% | 8% | 10% | 14% | 16% | 13% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Aug
- Intimation Of Book Closure And Record Date Pursuant To Regulation 42 Of The SEBI (LODR) Regulations, 2015 29 Aug
- Intimation Of Book Closure And Record Date Pursuant To Regulation 42 Of The SEBI (LODR) Regulations, 2015 29 Aug
- Business Responsibility and Sustainability Reporting (BRSR) 29 Aug
- Notice Of The 59Th Annual General Meeting And Annual Report For FY 2023-24. 29 Aug
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
from nse
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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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Pioneer to produce Needle roller bearings
NRB is the first company in India to produce Needle roller bearings. The company has for more than 6 decades been into evolving bearing technology and has offered a wide range of high precision friction solutions for automotive sectors and other mobility applications. [1]