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NRB Industrial Overview

NRB Industrial Bearings Limited is a leading manufacturer in the industrial market, known for its high-quality ball and roller bearings. The company was incorporated on February 24, 2011, under the Companies Act, 1956, as NRB Industrial Bearings Private Limited. It was formed after a demerger from NRB Bearings Limited in 2012 and commenced operations with a manufacturing plant that produces a variety of bearings including CRB, SRB, DGBB, NRB, Cam Followers, BRB, and WIR Housed Units. The company’s origins can be traced back to 1965 when ...Read More

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NRB Industrial Key Financials

Market Cap ₹75 Cr.

Stock P/E 4.1

P/B -2.1

Current Price ₹31.1

Book Value ₹ -14.9

Face Value 2

52W High ₹40.3

Dividend Yield 0%

52W Low ₹ 19.3

NRB Industrial Share Price

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Volume
Price

NRB Industrial Quarterly Price

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NRB Industrial Peer Comparison

NRB Industrial Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 17 19 18 19 14 16 17 16 19 18
Other Income 0 0 1 0 0 1 1 1 1 1
Total Income 18 19 19 19 15 17 17 17 20 19
Total Expenditure 20 20 20 22 17 19 18 19 20 20
Operating Profit -2 -1 -1 -3 -3 -2 -0 -2 0 -1
Interest 2 3 3 3 3 3 3 3 3 3
Depreciation 2 2 2 1 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 46 0 0
Profit Before Tax -6 -6 -6 -7 -8 -7 -6 39 -5 -7
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -6 -6 -6 -7 -8 -7 -6 39 -5 -7
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -6 -6 -6 -7 -8 -7 -5 40 -5 -7
Adjusted Earnings Per Share -2.6 -2.5 -2.6 -3 -3.3 -3 -2.3 16.3 -2.1 -2.8

NRB Industrial Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 40 43 56 42 56 69 81 73 64 70
Other Income 1 1 2 2 1 1 2 2 2 4
Total Income 41 45 58 43 58 71 83 75 66 73
Total Expenditure 44 48 55 45 50 64 77 81 73 77
Operating Profit -4 -3 3 -2 7 7 6 -6 -7 -3
Interest 7 9 8 8 7 8 10 11 12 12
Depreciation 9 9 9 9 9 9 9 8 9 8
Exceptional Income / Expenses 0 0 0 0 13 0 0 0 46 46
Profit Before Tax -20 -20 -14 -19 4 -10 -13 -26 18 21
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -20 -20 -14 -19 4 -10 -13 -26 18 21
Adjustments -0 0 0 -0 -0 -0 0 0 0 0
Profit After Adjustments -20 -20 -14 -19 4 -10 -13 -26 19 23
Adjusted Earnings Per Share -8.2 -8.4 -5.7 -8 1.6 -4.2 -5.3 -10.7 7.7 9.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -12% -2% 9% 0%
Operating Profit CAGR 0% NAN% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 17% 15% 25% -5%
ROE Average 0% 0% 0% -321%
ROCE Average 35% 5% 5% -1%

NRB Industrial Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 2 4 -1 -4 1 -9 -18 -41 -24
Minority's Interest 0 0 0 0 0 0 0 0 0
Borrowings 22 47 56 40 46 54 59 68 75
Other Non-Current Liabilities 0 3 2 1 1 1 1 3 5
Total Current Liabilities 124 89 84 87 80 78 77 76 71
Total Liabilities 149 143 141 124 128 124 119 107 127
Fixed Assets 105 97 90 89 80 73 65 57 48
Other Non-Current Assets 8 12 14 6 6 6 7 7 13
Total Current Assets 35 34 37 29 42 46 47 42 66
Total Assets 149 143 141 124 128 124 119 107 127

NRB Industrial Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 1 1 0 4 6 0 0
Cash Flow from Operating Activities 4 -1 5 3 3 -1 4 3 -19
Cash Flow from Investing Activities -1 -3 -3 -0 -0 -2 -2 1 26
Cash Flow from Financing Activities -3 4 -2 -3 1 5 -8 -4 -5
Net Cash Inflow / Outflow -0 1 0 -0 4 2 -6 -0 2
Closing Cash & Cash Equivalent 0 1 1 0 4 6 0 0 2

NRB Industrial Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -8.21 -8.44 -5.7 -7.97 1.64 -4.17 -5.32 -10.73 7.69
CEPS(Rs) -4.43 -4.76 -2.13 -4.13 5.42 -0.29 -1.58 -7.35 11.33
DPS(Rs) 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0.97 1.45 -0.6 -1.5 0.45 -3.78 -7.48 -16.8 -9.8
Core EBITDA Margin(%) -11.24 -9.86 1.73 -8.59 10.83 8.53 5.08 -11.39 -14.74
EBIT Margin(%) -29.36 -26.86 -10.49 -26.31 20.25 -2.74 -4.17 -20.32 47.39
Pre Tax Margin(%) -45.94 -46.46 -24.93 -45.35 7.48 -14.15 -16.25 -35.79 28.7
PAT Margin (%) -45.94 -46.46 -24.93 -45.35 7.48 -14.15 -16.25 -35.79 28.7
Cash Profit Margin (%) -25.1 -26.2 -9.21 -23.99 23.3 -1.02 -4.75 -24.35 43.07
ROA(%) -13.19 -14.01 -9.86 -14.28 3.35 -7.77 -10.79 -23.21 15.66
ROE(%) -838.71 -697.4 -1351.65 0 0 0 0 0 0
ROCE(%) -9.38 -9.1 -4.83 -9.87 11.02 -1.83 -3.38 -17.71 35.22
Receivable days 89.51 85.41 69.2 80.03 71.6 84 81.08 78.85 57.78
Inventory Days 168.97 158.48 129.03 179.59 134.58 112.83 104.18 126.83 140.77
Payable days 298.64 262.26 266.47 452.5 286.18 247.53 210.7 272.85 307.79
PER(x) 0 0 0 0 11.78 0 0 0 2.7
Price/Book(x) 33.33 13.17 -32.52 -4.34 43.13 -7.1 -2.11 -1.99 -2.12
Dividend Yield(%) 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 5.29 3.87 2.95 2.96 2.56 2.5 1.85 2.67 2.51
EV/Core EBITDA(x) -57.49 -57.82 56.41 -59.92 19.35 24.06 25.25 -30.08 -22.5
Net Sales Growth(%) 0 9.68 29.15 -25.68 35.31 23.11 16.25 -9.43 -12.82
EBIT Growth(%) 0 5.86 50.26 -86.42 204.15 -116.69 -76.47 -341.69 303.35
PAT Growth(%) 0 -4.05 31.64 -35.18 122.32 -332.76 -33.58 -99.42 169.92
EPS Growth(%) 0 -2.86 32.52 -39.88 120.59 -353.93 -27.68 -101.68 171.69
Debt/Equity(x) 56.14 34.73 -82.01 -29.82 93.71 -12.46 -6.18 -2.82 -5.11
Current Ratio(x) 0.28 0.38 0.44 0.34 0.53 0.58 0.61 0.56 0.93
Quick Ratio(x) 0.13 0.17 0.18 0.11 0.26 0.31 0.28 0.22 0.6
Interest Cover(x) -1.77 -1.37 -0.73 -1.38 1.59 -0.24 -0.34 -1.31 2.54
Total Debt/Mcap(x) 1.68 2.64 2.52 6.87 2.17 1.75 2.93 1.42 2.41

NRB Industrial Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 74.5 74.59 74.59 74.43 72.95 72.74 72.74 72.49 72.72 74.49
FII 0 0 0 0 0 0 0 0 0 0
DII 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Public 25.49 25.4 25.41 25.57 27.04 27.25 27.25 27.51 27.27 25.51
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

NRB Industrial News

NRB Industrial Pros & Cons

Pros

  • Stock is trading at -2.1 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
  • Debtor days have increased from 272.85 to 307.79days.
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