NRB Bearings

₹313.6 6.4 | 2.1%

WEBSITE BSE:530367 NSE : NRB BEARINGS 10 May, 16:01

Market Cap ₹3039 Cr.

Stock P/E 12.6

P/B 3.6

Current Price ₹313.6

Book Value ₹ 86.3

Face Value 2

52W High ₹400.8

Dividend Yield 1.63%

52W Low ₹ 130

Edit Ratio

NRB Bearings Research see more...

Overview Inc. Year: 1965Industry: Bearings

NRB Bearings Ltd is engaged in the manufacture of ball and roller bearing. The Company is engaged within the layout and manufacturing of custom designed friction solutions. The Company operates via the bearings section. Its geographical segments are both in India and Overseas. The Company's principal products/offerings are needle roller bushes and cages, and automobile components. It offers a variety of friction solutions for diverse mobility programs, and produces needle bearings and cylindrical roller bearings. It additionally manufactures ball bearings, taper curler bearings and various styles of thrust bearings. The Company's product range consists of drawn cup needle bearings, planetary shafts and different unique pins, polyamide and metal needle bearing cages, special ball bearings, crank pins, drawn cup cylindrical roller bearings, formed strip cages for heavy gearboxes, tapered and spherical roller bearings, and rocker-arm bearings.

NRB Bearings Share Price

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Peer Comparison

NRB Bearings Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	257	231	255	236	258	251	312	272	279	258
Other Income	-1	1	6	3	3	14	3	5	5	9
Total Income	255	232	261	240	261	265	315	277	284	268
Total Expenditure	209	201	213	193	227	216	248	227	233	223
Operating Profit	46	30	48	46	34	49	67	50	51	45
Interest	4	5	4	3	4	5	7	6	6	6
Depreciation	9	10	9	10	10	11	10	11	11	11
Exceptional Income / Expenses	0	6	-10	0	0	0	-8	-5	0	182
Profit Before Tax	33	22	25	33	20	33	41	28	34	211
Provision for Tax	9	5	7	9	7	9	8	9	9	44
Profit After Tax	24	17	17	24	13	23	34	19	25	166
Adjustments	-1	-1	-0	-1	-1	-1	-0	-0	-1	-1
Profit After Adjustments	24	16	17	24	13	23	33	19	24	166
Adjusted Earnings Per Share	2.4	1.7	1.8	2.5	1.3	2.4	3.4	1.9	2.5	17.1

NRB Bearings Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	592	607	670	675	726	855	965	776	762	943	1057	1121
Other Income	10	3	4	3	8	12	6	16	15	14	23	22
Total Income	602	610	675	678	733	867	971	792	777	957	1080	1144
Total Expenditure	491	504	546	564	608	686	779	689	658	796	880	931
Operating Profit	111	107	128	114	125	181	192	103	120	161	200	213
Interest	21	20	19	18	18	15	16	22	23	18	21	25
Depreciation	32	36	31	32	32	31	35	33	31	37	41	43
Exceptional Income / Expenses	0	0	0	0	0	0	17	0	0	-4	-11	169
Profit Before Tax	58	52	78	64	75	135	157	47	66	102	128	314
Provision for Tax	10	18	24	21	22	42	47	14	11	26	31	70
Profit After Tax	48	34	54	43	53	93	110	33	56	76	96	244
Adjustments	-1	-1	-0	-1	-1	-2	-2	-1	-2	-2	-2	-2
Profit After Adjustments	47	33	53	42	52	91	108	32	54	73	94	242
Adjusted Earnings Per Share	4.9	3.4	5.5	4.3	5.3	9.4	11.2	3.3	5.6	7.6	9.7	24.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	12%	11%	4%	6%
Operating Profit CAGR	24%	25%	2%	6%
PAT CAGR	26%	43%	1%	7%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	111%	41%	13%	17%
ROE Average	15%	13%	15%	18%
ROCE Average	16%	14%	15%	16%

NRB Bearings Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	198	219	254	279	304	378	471	457	518	589	668
Minority's Interest	2	2	3	4	5	8	9	10	11	13	15
Borrowings	96	97	101	62	107	69	83	73	89	61	66
Other Non-Current Liabilities	15	133	174	189	193	193	277	291	292	302	285
Total Current Liabilities	287	351	354	365	302	361	373	426	329	412	479
Total Liabilities	597	802	887	899	912	1008	1213	1257	1239	1376	1511
Fixed Assets	219	233	258	259	247	260	322	364	359	358	351
Other Non-Current Assets	49	175	185	192	244	241	329	340	339	358	366
Total Current Assets	330	393	444	448	420	508	561	554	541	660	794
Total Assets	597	802	887	899	912	1008	1213	1257	1239	1376	1511

NRB Bearings Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	23	3	6	28	31	22	13	30	76	74	62
Cash Flow from Operating Activities	34	73	71	92	85	133	71	102	158	16	61
Cash Flow from Investing Activities	-92	-67	-24	-10	-25	-46	-89	-65	-32	-50	-44
Cash Flow from Financing Activities	38	-4	-25	-79	-69	-96	36	9	-129	22	-13
Net Cash Inflow / Outflow	-20	2	22	4	-10	-9	17	46	-3	-13	3
Closing Cash & Cash Equivalent	3	6	28	31	22	13	30	76	74	62	65

NRB Bearings Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	4.87	3.4	5.49	4.33	5.33	9.36	11.17	3.31	5.58	7.56	9.7
CEPS(Rs)	8.27	7.15	8.74	7.75	8.81	12.79	14.98	6.86	8.92	11.64	14.13
DPS(Rs)	1.7	1.1	1.5	1.4	1.4	2.6	2.6	0.8	0.5	2	5.1
Book NAV/Share(Rs)	20.42	22.6	26.23	28.8	31.37	39.01	48.56	47.15	53.43	60.74	68.91
Core EBITDA Margin(%)	15.6	15.71	17.18	15.05	14.75	19.36	19.28	11.15	13.72	15.13	16.43
EBIT Margin(%)	12.21	10.78	13.5	11.15	11.68	17.2	17.91	8.93	11.67	12.35	13.8
Pre Tax Margin(%)	9.01	7.83	10.81	8.65	9.48	15.48	16.28	6.04	8.71	10.47	11.84
PAT Margin (%)	7.44	5.09	7.44	5.84	6.68	10.63	11.39	4.28	7.31	7.8	8.92
Cash Profit Margin (%)	12.4	10.47	11.74	10.17	10.74	14.18	15.05	8.57	11.33	11.63	12.7
ROA(%)	7.83	4.82	6.36	4.84	5.86	9.68	9.9	2.69	4.46	5.78	6.66
ROE(%)	22.26	16.16	22.69	16.19	18.2	27.24	25.9	7.16	11.43	13.67	15.31
ROCE(%)	16.4	14.19	17.44	14.07	15.88	25.63	25.71	8.85	11.22	14.5	15.89
Receivable days	78.27	92.55	97.11	105.16	96.34	89.19	84.82	97.67	97.88	79.78	74.11
Inventory Days	80.59	80.66	78.22	76.32	72.78	68.98	80.58	116.43	103.03	92.63	111.35
Payable days	115.19	111.29	116.67	124.63	126.67	119.85	119.25	120.96	124.4	115.93	105.63
PER(x)	6.38	15.21	24.03	28.41	20.26	16.35	16.98	17.85	19.45	15.22	13.81
Price/Book(x)	1.52	2.29	5.03	4.27	3.44	3.92	3.9	1.25	2.03	1.89	1.94
Dividend Yield(%)	5.48	2.13	1.14	1.14	1.3	1.7	1.37	1.35	0.46	1.74	3.81
EV/Net Sales(x)	0.96	1.34	2.36	2.18	1.79	1.95	2.16	1.1	1.61	1.42	1.45
EV/Core EBITDA(x)	5.14	7.59	12.29	12.87	10.38	9.21	10.89	8.32	10.26	8.34	7.68
Net Sales Growth(%)	5.65	2.68	10.34	0.69	7.5	17.86	12.85	-19.59	-1.75	23.66	12.13
EBIT Growth(%)	-11.16	-9.5	36.47	-15.42	12.7	61.92	14.95	-59.91	28.48	34.6	24.15
PAT Growth(%)	-5.63	-29.87	59.36	-19.59	22.88	75.08	18.3	-69.8	67.82	35.75	27.17
EPS Growth(%)	-5.45	-30.09	61.38	-21.1	23.01	75.67	19.28	-70.36	68.52	35.54	28.27
Debt/Equity(x)	1.38	1.44	1.29	1.11	0.91	0.57	0.6	0.79	0.49	0.5	0.48
Current Ratio(x)	1.15	1.12	1.25	1.23	1.39	1.41	1.51	1.3	1.64	1.6	1.66
Quick Ratio(x)	0.63	0.71	0.79	0.83	0.82	0.97	0.79	0.77	1.03	0.9	0.89
Interest Cover(x)	3.82	3.65	5.03	4.46	5.3	10.01	11	3.09	3.94	6.56	7.04
Total Debt/Mcap(x)	0.9	0.63	0.26	0.26	0.26	0.15	0.15	0.63	0.24	0.26	0.25

NRB Bearings Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	49.82	49.85	49.86	49.86	49.89	50.11	50.24	50.63	50.67	50.69
FII	23	21.9	21.5	21.52	21.32	21.29	21.85	14.32	14.31	14.33
DII	11.81	11.6	11.6	11.86	11.76	11.49	11.18	19.48	19.69	18.59
Public	15.37	16.65	17.04	16.75	17.03	17.11	16.72	15.58	15.33	16.39
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	4.83	4.83	4.83	4.83	4.84	4.86	4.87	4.91	4.91	4.91
FII	2.23	2.12	2.08	2.09	2.07	2.06	2.12	1.39	1.39	1.39
DII	1.14	1.12	1.12	1.15	1.14	1.11	1.08	1.89	1.91	1.8
Public	1.49	1.61	1.65	1.62	1.65	1.66	1.62	1.51	1.49	1.59
Others	0	0	0	0	0	0	0	0	0	0
Total	9.69	9.69	9.69	9.69	9.69	9.69	9.69	9.69	9.69	9.69

Pros

Debtor days have improved from 115.93 to 105.63days.
Company is almost debt free.

Cons

Company has a low return on equity of 13% over the last 3 years.
Stock is trading at 3.6 times its book value.

* 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.

NRB Bearings News

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NRB Bearings

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NRB Bearings Research see more...

Overview Inc. Year: 1965Industry: Bearings

NRB Bearings Share Price

Alert Data

Quarterly Price

Peer Comparison

NRB Bearings Quarterly Results

NRB Bearings Profit & Loss

Growth Rates

NRB Bearings Balance Sheet

NRB Bearings Cash Flow

NRB Bearings Ratios

NRB Bearings Shareholding Pattern

NRB Bearings News

IPO

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