MoneyWorks4Me

NRB Bearings Ltd (NRBBEARING)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530367 NSE: NRBBEARING Bearings | Small Cap | NRB Bearings Share Price

₹525.70 54.10 (11.47%)

As on 18-Sep'26 16:59

NRB Bearings Ltd (NRBBEARING)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530367 NSE: NRBBEARING Bearings | Small Cap | NRB Bearings Share Price

₹525.70 54.10 (11.47%)

As on 18-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹5,095 Cr.
Current Price
₹525.7
52-Week Low / High
₹213 / 526
TTM EPS
₹15.2
TTM Sales
₹1,395 Cr.
Book Value per Share
₹103.2
P/E Ratio
34.54
Higher than its 5-year historical median
Industry PE
51.7
Price to Book (P/B)
5.09
Higher than its 5-year historical median
Price to Sales (P/S)
3.65
Higher than its 5-year historical median
EV/EBITDA
18.95
Higher than its 5-year historical median
Dividend Yield
1.51%
Profitability Efficiency
Return on Equity (ROE)
15.49%
In line with industry median
Return on Capital Employed (ROCE)
18.31%
Outperforms industry median
Return on Assets (ROA)
8.48%
Operating Profit Margin
17.5%
Net Profit Margin
10.91%
Gross Profit Margin
19%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
10.04%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
16.67%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
76.91%
Asset Quality
Promoter Holding
44.73%
Pledged shares (%) of Promoter's holding (%)
14.99%
Reserves
₹981 Cr.
Equity
₹19.4 Cr.
Face Value
₹2
All Time Low / High
₹2.08 / 519.00

NRB Bearings stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is NRB Bearings Ltd a good quality company?
NRB Bearings Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does NRB Bearings Ltd performance compare with that of its Peers?
Q.1 Revenue growth of NRB Bearings Ltd vs industry peers?
NRB Bearings Ltd revenue CAGR is 11.86%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of NRB Bearings Ltd?
Promoters hold 44.73% of the NRB Bearings Ltd, with 14.99% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of NRB Bearings Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.4% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
NRB Bearings Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 14.2%22.9%23.7%8.2%9.6%13.8%14.8%35.4%9.2%17.6%-
Value Creation
Index
0.00.60.7-0.4-0.30.00.11.5-0.30.3-

Growth Parameters

Sales 7078319407527369121,0231,0231,0781,1861,227
Sales YoY Gr.-17.5%13.2%-20%-2.1%24%12.1%-0%5.4%10%-
Adj EPS 5.17.98.82.13.97.58.210.18.911.413.4
YoY Gr.-55.8%11.9%-75.9%84%90.8%9.9%22.9%-11.5%28%-
BVPS (₹) 33.440.348.947.452.659.666.287.490.793.196.6
Adj Net
Profit
49.276.685.620.63872.579.797.986.7111130
Cash Flow from Ops. 72.212747.384.41488.136.610885.9183-
Debt/CF from Ops. 3.71.65.53.91.633.28.11.20.80.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.9%10%5%10%
Adj EPS 9.5%23.9%11.7%28%
BVPS12.1%12.1%12%2.6%
Share Price 15.1% 30.6% 24.6% 84.4%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
15.721.519.84.47.913.313.113.210.112.514.1
Op. Profit
Mgn %
15.318.317.69.91214.31513.914.215.415.7
Net Profit
Mgn %
79.29.12.85.27.97.89.68.19.410.6
Debt to
Equity
0.80.50.60.70.50.50.50.20.10-
Working Cap
Days
29628629338638131532936035835095
Cash Conv.
Cycle
11510411215814412013715014413367

Valuation of NRB Bearings - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.0091.3565.9057.8457.8377.7414.99
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales7268559657767629431,0571,0941,1991,335
Operating Expenses + 6086867796896587968819189991,103
Manufacturing Costs116121173153136180192207210224
Material Costs273321352305288346408419458525
Employee Cost 132128137137138156160170189203
Other Costs 881161179496114122122143150
Operating Profit 11716918687105147176176199232
Operating Profit Margin (%) 16.2%19.8%19.3%11.1%13.7%15.6%16.6%16.1%16.6%17.4%
Other Income + 812616151423182534
Exceptional Items 001700-4-11187-52-7
Interest 1815162223182022119
Depreciation 32313533313741434857
Profit Before Tax 751351574766102128316113194
Tax 22424714112631743149
Profit After Tax 53931103356769624282146
PAT Margin (%) 7.3%10.9%11.4%4.3%7.3%8.0%9.1%22.1%6.9%10.9%
Adjusted EPS (₹)5.39.411.23.35.67.69.724.78.214.7
Dividend Payout Ratio (%)26.30%27.80%23.30%24.20%9%26.50%52.60%16.60%83%54%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 304378471457518589668860918963
Share Capital 19191919191919191919
Reserves 285359451438498569648841899943
Debt +265174260318220270286158184151
Long Term Debt1076983738961662700
Short Term Debt157105177245131209220131184151
Minority Interest58910111315161820
Trade Payables991111198411310712996104126
Others Liabilities 238338354389377397380444443508
Total Liabilities 9121,0081,2131,2571,2391,3761,4771,5741,6671,768

Fixed Assets

Net Fixed Assets +247260322364359358351341381426
Gross Block6206647608378598739109391,0281,131
Accumulated Depreciation373404438473500516558598647706
CWIP 9151516101128434043
Investments 6141312123436445874
Inventories172158268227203289369418437434
Trade Receivables194233215200209215224172216244
Cash Equivalents 222931787668831015633
Others Assets 262299348360369401385454480515
Total Assets 9121,0081,2131,2571,2391,3761,4771,5741,6671,768
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 8513371102158166111584241
PBT 751351574766102128316113194
Adjustment 53444858776063-974758
Changes in Working Capital -17-10-821028-120-92-67-3840
Tax Paid -26-35-52-13-14-26-37-37-39-51
Cash Flow From Investing Activity + -25-46-89-65-32-50-44102-60-120
Capex -27-39-92-66-35-30-40-49-81-105
Net Investments -1-81-11-23-7-1110-17
Others 3022223163112
Cash Flow From Financing Activity + -69-96369-12922-13-222-29-140
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -20-7-8811255-39-420
Interest Paid -17-14-15-22-23-15-20-21-9-9
Dividend Paid -13-0-12-34-0-4-14-35-2-98
Others -19-757156-1161515-12724-34
Net Cash Flow -10-91746-3-133-4-5-18
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)18.227.2525.97.1611.4313.6715.3131.629.2615.49
ROCE (%)15.8825.6325.718.8511.2214.515.7333.4311.6518.31
Asset Turnover Ratio0.880.910.870.630.610.740.750.730.750.79
PAT to CFO Conversion(x)1.61.430.653.092.820.210.640.481.021.65
Working Capital Days
Receivable Days96.3089.2084.8097.7097.9079.8075.1064.9058.2061.80
Inventory Days72.806980.60116.4010392.60112.60129.20128.30117.10
Payable Days126.70119.90119.30121124.40115.90105.6098.2079.8079.90

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NRB Bearings Ltd FAQs

The current trading price of NRB Bearings on 18-Sep-2026 16:59 is ₹525.7.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Sep-2026 the market cap of NRB Bearings stood at ₹5,095.2 Cr

The latest P/E ratio of NRB Bearings as of 17-Sep-2026 is 39.23.

The latest P/B ratio of NRB Bearings as of 17-Sep-2026 is 5.44.

The 52-week high of NRB Bearings is ₹525.7 and the 52-week low is ₹213.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NRB Bearings is ₹1,227 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that NRB Bearings Ltd is a good quality company.

The key valuation ratios of NRB Bearings Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of NRB Bearings Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About NRB Bearings Ltd

NRB Bearing was incorporated in 1965 as an Indo-French venture with Nadella, pioneering the production of needle roller bearings in India. NRB acquired SNL Bearings in June 2000. Over the years NRB has expanded to five modern manufacturing facilities producing needle, spherical, cylindrical, wide-inner ring bearings, tapered roller bearings and ball bearings. The TUV Managements services (Gmbh), internationally acclaimed registrars, awarded the QS 9000 Corporate Certification to NRB for its corporate office and all its plants in May 2000. With continual thrust on tailoring bearings to suit specific needs, NRB has successfully developed customization and application expertise as their forte.

Growing skills and precision over years have won NRB worldwide acceptance, even in markets as demanding as Europe, south East Asia and Australia.

In the world of bearing technology, where specialization is the order of the day, NRB Bearings has grown to attain a position of strength and quality leadership. But amidst years of rapid advancement and change, the underlying principle has remained constant. It continues to believe in nothing but the best technology, highest standards of precision and very latest know-how from world leaders in the field. This is perhaps, the reason why the company has steadily moved ahead to become India's most diversified bearing manufacturer.

The company’s plant is located at Jalna, Aurangabad, Waluj, Hyderabad, Thane, Uttarakhand and Thailand

In 2012 Industrial bearing undertaking of the company was demerged.

Product range includes:

  • Needle cages and roller cages
  • Needle bushes (Drawn Cup Roller Bearings)
  • Bearing with cage- guided needles
  • Full complement needle bearings
  • Inner rings
  • Crank pins
  • Hub pin kits
  • Bottom roller bearings
  • Cylindrical roller bearings
  • Tapered roller bearings
  • Fafnir housed units (1) Wide inner ring bearings (2) Housed units
  • Spherical roller bearings
  • Thrust bearings  (1) Roller thrust bearings  (2) Needle thrust bearings
  • Ball bearings
  • Needle rollers
  • Precision steel balls
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