NRB Bearings Ltd
NRBBEARINGNRB Bearings Ltd
NRBBEARING
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 10.93 | 3.21 | 1.41% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 50.42 | 7.24 | 0.54% |
Forecast & Ratings
Detailed Forecast from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
NRB Bearings Limited is engaged in the manufacture of ball and roller bearing. The Company is engaged in the design and production of customized friction solutions.
Investor Presentation
View olderPeers
Compare with peersCummins India Ltd
Thermax Limited
AIA Engineering Ltd
Jyoti CNC Automation Ltd
Carborundum Universal Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 678.10 | 733.49 | 867.25 | 987.06 | 792.02 | 777.48 | 956.97 | 1,080.05 | 1,319.99 | 1,352.57 | ||||||||||
Raw Materials | 251.66 | 279.75 | 320.05 | 387.98 | 294.19 | 276.91 | 376.38 | 472.72 | 443.22 | 956.71 | ||||||||||
| Power & Fuel Cost | 29.42 | 27.58 | 26.98 | 34.79 | 32.56 | 31.79 | 38.60 | 46.19 | 48.08 | |||||||||||
| Employee Cost | 128.39 | 131.62 | 127.91 | 137.20 | 136.65 | 137.74 | 155.83 | 160.00 | 169.84 | |||||||||||
| Selling & Administrative Expenses | 54.18 | 59.78 | 76.82 | 121.84 | 79.05 | 75.52 | 99.00 | 111.06 | 110.26 | |||||||||||
| Operating & Other expenses | 100.12 | 109.60 | 134.17 | 97.14 | 147.00 | 135.82 | 130.18 | 102.02 | 167.14 | |||||||||||
EBITDA | 114.33 | 125.16 | 181.32 | 208.11 | 102.57 | 119.70 | 156.98 | 188.06 | 381.45 | 395.86 | ||||||||||
| Depreciation/Amortization | 31.95 | 32.32 | 30.99 | 35.30 | 33.29 | 30.69 | 37.17 | 40.80 | 43.32 | 44.80 | ||||||||||
| PBIT | 82.38 | 92.84 | 150.33 | 172.81 | 69.28 | 89.01 | 119.81 | 147.26 | 338.13 | 351.06 | ||||||||||
| Interest & Other Items | 18.48 | 17.51 | 15.02 | 15.71 | 22.45 | 22.58 | 18.26 | 19.64 | 22.27 | 15.76 | ||||||||||
| PBT | 63.90 | 75.33 | 135.31 | 157.10 | 46.83 | 66.43 | 101.55 | 127.62 | 315.86 | 335.30 | ||||||||||
| Taxes & Other Items | 21.89 | 23.68 | 44.58 | 48.88 | 14.75 | 12.37 | 28.28 | 33.64 | 76.43 | 78.29 | ||||||||||
| Net Income | 42.01 | 51.65 | 90.73 | 108.22 | 32.08 | 54.06 | 73.27 | 93.98 | 239.43 | 257.01 | ||||||||||
| EPS | 4.33 | 5.33 | 9.36 | 11.17 | 3.31 | 5.58 | 7.56 | 9.70 | 24.70 | 26.52 | ||||||||||
| DPS | 1.40 | 1.40 | 2.60 | 2.60 | 0.80 | 0.50 | 2.00 | 1.00 | 4.10 | 0.00 | ||||||||||
| Payout ratio | 0.32 | 0.26 | 0.28 | 0.23 | 0.24 | 0.09 | 0.26 | 0.10 | 0.17 | 0.00 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
IndustrialsIndustrial Machinery
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| NRB Bearings Ltd | 11.73 | 3.21 | 1.41% |
| Cummins India Ltd | 56.81 | 14.78 | 1.08% |
| Thermax Limited | 82.85 | 12.04 | 0.25% |
| AIA Engineering Ltd | 28.50 | 4.85 | 0.47% |
Price Comparison
Compare NRBBEARING with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding NRB Bearings Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
HDFC Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 9.2049% | Percentage of the fund’s portfolio invested in the stock 0.75% | Change in the portfolio weight of the stock over the last 3 months -0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 49/92 (-2) |
Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 4.5316% | Percentage of the fund’s portfolio invested in the stock 0.50% | Change in the portfolio weight of the stock over the last 3 months -0.15% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 78/99 (-9) |
Mirae Asset Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.0740% | Percentage of the fund’s portfolio invested in the stock 0.34% | Change in the portfolio weight of the stock over the last 3 months -0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 83/94 (-2) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 1.41%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹14.15 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateOct 16, 2024
Dividend/Share
₹2.50
Ex DateEx Date
Oct 16, 2024
Cash Dividend
Ex DateEx DateSep 22, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Sep 22, 2023
Cash Dividend
Ex DateEx DateJun 9, 2023
Dividend/Share
₹4.10
Ex DateEx Date
Jun 9, 2023
Cash Dividend
Ex DateEx DateSep 7, 2022
Dividend/Share
₹2.00
Ex DateEx Date
Sep 7, 2022
Cash Dividend
Ex DateEx DateSep 16, 2021
Dividend/Share
₹0.50
Ex DateEx Date
Sep 16, 2021
Profit before tax (PBT) stood at Rs 47.63 crore in September 2024 quarter, up 41.63% from Rs 33.63 crore posted in same quarter last year. During the quarter, total expenses rose 5.52% YoY to Rs 264.26 crore. Cost of material consumed rose 5.2% to Rs 121.57 crore and employee benefits cost increased 8.98% to Rs 48.16 crore. Net cash generated from operating activities stood at Rs 79.98 crore in six months ended 30 September 2024 as against Rs 29.85 crore in six months ended 30 September 2023. NRB Bearings offers a wide range of high-precision customized friction solutions. It products include needle roller bearings, conventional cylindrical roller bearings and lightweight drawn cup bearings. Powered by Capital Market - Live
Net profit of NRB Bearings rose 46.55% to Rs 35.26 crore in the quarter ended September 2024 as against Rs 24.06 crore during the previous quarter ended September 2023. Sales rose 8.07% to Rs 301.51 crore in the quarter ended September 2024 as against Rs 278.99 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales301.51278.99 8 OPM %17.1916.31 - PBDT59.2044.35 33 PBT47.6333.63 42 NP35.2624.06 47 Powered by Capital Market - Live
NRB Bearings will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live
NRB Bearings will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live
NRB Bearings announced that the Board of Directors of the Company at its meeting held on 4 October 2024, inter alia, have recommended the interim dividend of Rs 2.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.Powered by Capital Market - Live
NRB Bearings has revised the meeting of the Board of Directors which was scheduled to be held on 3 October 2024. The meeting will now be held on 4 October 2024.Powered by Capital Market - Live
NRB Bearings will hold a meeting of the Board of Directors of the Company on 3 October 2024.Powered by Capital Market - Live
NRB Bearings announced that the Annual General Meeting (AGM) of the company will be held on 20 September 2024.Powered by Capital Market - Live
NRB Bearings announced that the Annual General Meeting (AGM) of the company will be held on 20 September 2024.Powered by Capital Market - Live
Net profit of NRB Bearings rose 34.39% to Rs 24.93 crore in the quarter ended June 2024 as against Rs 18.55 crore during the previous quarter ended June 2023. Sales rose 6.35% to Rs 289.29 crore in the quarter ended June 2024 as against Rs 272.02 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales289.29272.02 6 OPM %14.6316.68 - PBDT44.2643.56 2 PBT33.0933.02 0 NP24.9318.55 34 Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 5.99%, vs industry avg of 10.63%
Decreasing Market Share
Over the last 5 years, market share decreased from 1.43% to 1.08%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 17.21%, vs industry avg of 23.31%