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 ₹ 3,081 Cr.
- Current Price ₹ 318
- High / Low ₹ 402 / 245
- Stock P/E 32.4
- Book Value ₹ 88.7
- Dividend Yield 1.60 %
- ROCE 14.6 %
- ROE 12.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Debtor days have improved from 72.5 to 57.4 days.
Cons
- The company has delivered a poor sales growth of 2.54% over past five years.
- Earnings include an other income of Rs.213 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
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 | 1,111 | |
490 | 502 | 545 | 562 | 608 | 686 | 779 | 689 | 658 | 796 | 880 | 920 | 941 | |
Operating Profit | 101 | 104 | 124 | 111 | 117 | 169 | 186 | 86 | 105 | 147 | 177 | 174 | 171 |
OPM % | 17% | 17% | 19% | 17% | 16% | 20% | 19% | 11% | 14% | 16% | 17% | 16% | 15% |
9 | 3 | 4 | 3 | 8 | 12 | 22 | 16 | 15 | 10 | 12 | 208 | 213 | |
Interest | 19 | 19 | 19 | 18 | 18 | 15 | 16 | 22 | 23 | 18 | 21 | 22 | 19 |
Depreciation | 32 | 36 | 31 | 32 | 32 | 31 | 35 | 33 | 31 | 37 | 41 | 43 | 44 |
Profit before tax | 58 | 52 | 78 | 64 | 75 | 135 | 157 | 47 | 66 | 102 | 128 | 316 | 321 |
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 | 248 | |
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 | 25.36 |
Dividend Payout % | 35% | 32% | 27% | 32% | 26% | 28% | 23% | 24% | 9% | 26% | 10% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 3% |
3 Years: | 13% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 0% |
3 Years: | 22% |
TTM: | -3% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 27% |
3 Years: | 35% |
1 Year: | 20% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 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 |
272 | 316 | 327 | 311 | 275 | 216 | 280 | 359 | 253 | 302 | 329 | 178 | |
127 | 142 | 153 | 142 | 144 | 195 | 197 | 167 | 186 | 183 | 214 | 202 | |
Total Liabilities | 597 | 677 | 735 | 732 | 723 | 789 | 948 | 983 | 956 | 1,074 | 1,210 | 1,240 |
219 | 233 | 258 | 259 | 247 | 260 | 322 | 364 | 359 | 358 | 351 | 337 | |
CWIP | 19 | 38 | 4 | 5 | 9 | 15 | 15 | 16 | 10 | 11 | 28 | 43 |
Investments | 0 | 0 | 0 | 0 | 6 | 14 | 13 | 12 | 12 | 34 | 36 | 44 |
359 | 405 | 473 | 468 | 461 | 500 | 598 | 591 | 575 | 671 | 795 | 816 | |
Total Assets | 597 | 677 | 735 | 732 | 723 | 789 | 948 | 983 | 956 | 1,074 | 1,210 | 1,240 |
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 | 116 | |
-124 | -67 | -24 | -10 | -25 | -46 | -89 | -65 | -32 | -50 | -44 | 102 | |
38 | -4 | -25 | -79 | -69 | -96 | 36 | 9 | -129 | 22 | -13 | -223 | |
Net Cash Flow | -52 | 2 | 22 | 4 | -10 | -9 | 17 | 46 | -3 | -12 | 4 | -4 |
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 | 175 |
ROCE % | 16% | 14% | 17% | 14% | 16% | 25% | 23% | 9% | 11% | 15% | 17% | 15% |
Documents
Announcements
- Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015. 3h
- Corrigendum To The Outcome Of Board Meeting- August 12, 2024. 1d
-
Announcement under Regulation 30 (LODR)-Change in Management
1d - Corrigendum to the Outcome of Board Meeting- August 12, 2024.
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 1d
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 1d
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
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]