NRB Industrial Bearings Ltd

NRB Industrial Bearings Ltd

₹ 26.3 -0.87%
22 Nov - close price
About

Incorporated in 2011, NRB Industrial Bearings Ltd is in the business of manufacturing and selling of industrial bearings

Key Points

Product Portfolio:[1] Deep Groove Ball Bearings, Angular Contact Ball Bearings, Self Aligned Ball Bearings, Cylindrical Roller Bearings, Spherical Roller Bearings, Cam Followers, Needle Roller Bearings, Needle & Roller Thrust Bearings, Needle Bushes, Needle Cages, Magneto Bearings, Bottom Roller Bearings, Full Complement Needle Roller Bearings, Inner Rings, Wide Inner Rings & Housed Units, Super Precision Bearings, Tapper Roller Bearings, Combined Bearings, CP Washer

  • Market Cap 63.7 Cr.
  • Current Price 26.3
  • High / Low 51.0 / 25.2
  • Stock P/E
  • Book Value -23.2
  • Dividend Yield 0.00 %
  • ROCE -17.4 %
  • ROE %
  • Face Value 2.00

Pros

  • Debtor days have improved from 79.3 to 63.3 days.
  • Company's working capital requirements have reduced from 89.7 days to 55.1 days

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.48%
  • The company has delivered a poor sales growth of 5.44% over past five 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.

Peer comparison

Sector: Bearings Industry: Bearings

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
16.85 18.20 19.98 15.80 20.81 22.31 21.81 17.45 19.03 17.98 18.65 14.42 16.36
16.09 17.01 17.57 16.85 18.61 20.19 21.07 19.56 19.90 19.88 22.23 17.48 19.02
Operating Profit 0.76 1.19 2.41 -1.05 2.20 2.12 0.74 -2.11 -0.87 -1.90 -3.58 -3.06 -2.66
OPM % 4.51% 6.54% 12.06% -6.65% 10.57% 9.50% 3.39% -12.09% -4.57% -10.57% -19.20% -21.22% -16.26%
0.14 0.14 0.54 0.23 0.32 0.73 0.54 0.44 0.29 0.67 0.43 0.28 0.54
Interest 1.97 2.08 1.95 2.23 2.37 2.46 2.60 2.48 3.13 2.78 2.77 3.00 3.03
Depreciation 2.29 2.27 2.32 2.28 2.29 2.30 2.42 2.30 2.32 2.32 1.43 2.29 2.32
Profit before tax -3.36 -3.02 -1.32 -5.33 -2.14 -1.91 -3.74 -6.45 -6.03 -6.33 -7.35 -8.07 -7.47
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-3.40 -3.01 -1.46 -5.37 -2.08 -1.86 -3.57 -6.38 -6.01 -6.32 -7.28 -8.03 -7.37
EPS in Rs -1.40 -1.24 -0.60 -2.22 -0.86 -0.77 -1.47 -2.63 -2.48 -2.61 -3.00 -3.31 -3.04
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
39 43 56 42 56 69 81 73 67
44 48 55 45 50 63 77 81 79
Operating Profit -5 -4 1 -3 6 6 4 -8 -11
OPM % -12% -10% 2% -8% 11% 9% 5% -11% -17%
1 1 2 1 14 1 2 2 2
Interest 7 9 8 8 7 8 10 11 12
Depreciation 9 9 9 9 9 9 9 8 8
Profit before tax -20 -20 -14 -19 4 -10 -13 -26 -29
Tax % 0% 0% 0% 0% 0% 0% 0% 0%
-20 -20 -14 -19 4 -10 -13 -26 -29
EPS in Rs -8.21 -8.44 -5.70 -7.97 1.64 -4.17 -5.32 -10.73 -11.96
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: 9%
TTM: -16%
Compounded Profit Growth
10 Years: %
5 Years: -33%
3 Years: %
TTM: -63%
Stock Price CAGR
10 Years: -1%
5 Years: 30%
3 Years: 5%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 5 5 5 5 5 5 5 5
Reserves -2 -1 -6 -8 -4 -14 -23 -46 -61
132 122 119 108 102 114 112 115 118
15 17 23 19 26 19 25 33 33
Total Liabilities 149 143 141 124 128 124 119 107 95
105 97 90 89 80 73 65 57 53
CWIP 0 2 3 3 3 3 3 2 2
Investments 0 0 1 1 1 0 1 1 1
43 44 47 31 45 48 51 47 39
Total Assets 149 143 141 124 128 124 119 107 95

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 -1 5 3 3 -1 4 4
-1 -3 -3 -0 -0 -2 -2 -0
-3 4 -2 -3 1 5 -8 -4
Net Cash Flow -0 1 0 -0 4 2 -6 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 98 85 73 62 97 89 86 63
Inventory Days 440 369 354 513 341 276 268 290
Days Payable 299 255 321 404 329 220 241 312
Cash Conversion Cycle 239 199 105 171 109 145 113 41
Working Capital Days 17 145 45 79 89 113 102 55
ROCE % -9% -5% -10% -1% -2% -3% -17%

Shareholding Pattern

Numbers in percentages

29 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.08% 74.08% 74.11% 73.89% 73.84% 73.61% 73.71% 74.50% 74.58% 74.58% 74.42% 72.95%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
25.91% 25.91% 25.89% 26.11% 26.14% 26.38% 26.28% 25.48% 25.39% 25.40% 25.57% 27.03%
No. of Shareholders 8,95110,21610,0029,6769,6589,7109,7169,26110,28310,55013,44615,563

* 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.

Click on the line-items to see the names of individual entities.

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