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 ₹ 5,073 Cr.
- Current Price ₹ 520
- High / Low ₹ 539 / 213
- Stock P/E 34.0
- Book Value ₹ 99.3
- Dividend Yield 1.53 %
- 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: -6.47%
- 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: | 30% |
| 3 Years: | 23% |
| 1 Year: | 86% |
| 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/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 | 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 | |
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| Number of permanent employees count ・Standalone data |
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| Market share in needle bearings (India) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Clarification On Volume Movement.
- Company clarified recent share volume increase and reaffirmed SEBI LODR compliance.
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Clarification sought from NRB Bearings Ltd
- Exchange has sought clarification from NRB Bearings Ltd on September 21, 2026, with reference to Movement in Volume.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2013
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Concalls
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Aug 2026Transcript
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Aug 2026Transcript REC
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May 2026Transcript REC
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Feb 2026Transcript
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Nov 2025Transcript PPT
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Jun 2025PPT
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Mar 2025PPT
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Aug 2023PPT
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Feb 2022PPT
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Dec 2021PPT
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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]