NRB Bearings Ltd - Stock Valuation and Financial Performance

BSE: 530367 | NSE: NRBBEARING | Bearings | Small Cap

NRB Bearings Share Price

280 0.25 0.09%
as on 08-Oct'24 16:01

DeciZen - make an informed investing decision on NRB Bearings

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

NRB Bearings stock performance -

mw4me loader
P/E Ratio (SA):
11.67
Market Cap:
2,711.4 Cr.
52-wk low:
245.7
52-wk high:
400.8

Is NRB Bearings Ltd an attractive stock to invest in?

1. Is NRB Bearings Ltd a good quality company?

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

2. Is NRB Bearings Ltd undervalued or overvalued?

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

3. Is NRB Bearings Ltd a good buy now?

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

10 Year X-Ray of NRB Bearings:

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

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 16.6%13.8%14.2%22.9%23.7%8.2%9.6%13.8%14.8%35.4%-
Value Creation
Index
0.20.00.00.60.7-0.4-0.30.00.11.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6566597078319407527369121,0231,0231,028
Sales YoY Gr.-0.6%7.2%17.5%13.2%-20%-2.1%24%12.1%-0%-
Adj EPS 5.74.55.57.98.92.23.97.58.510.124
YoY Gr.--21.2%21.7%44.6%12.6%-75.6%79.8%90.8%13.4%19.1%-
BVPS (₹) 2831.133.440.348.947.452.659.666.287.489.2
Adj Net
Profit
55.443.753.276.986.721.13872.582.297.9232
Cash Flow from Ops. 56.896.572.212747.384.41488.136.6108-
Debt/CF from Ops. 5.53.13.71.65.53.91.633.28.11.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.1%1.7%11.6%-0%
Adj EPS 6.5%2.5%37.1%19.1%
BVPS13.5%12.3%18.4%31.9%
Share Price 7.6% 24.9% 24.8% 2.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
21.815.21721.620.14.57.913.313.513.227.2
Op. Profit
Mgn %
18.515.215.318.317.69.91214.31513.913.1
Net Profit
Mgn %
8.56.67.59.39.22.85.27.989.622.6
Debt to
Equity
1.110.80.50.60.70.50.50.50.2-
Working Cap
Days
290310296286293386381315329360125
Cash Conv.
Cycle
12112611510411215814412013715066

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 27.20%

Sales growth is growing at healthy rate in last 3 years 11.60%

Net Profit is growing at healthy rate in last 3 years 37.09%

Sales growth is not so good in last 4 quarters at -0.54%

Latest Financials - NRB Bearings Ltd.

Standalone Consolidated
TTM EPS (₹) 24 25.4
TTM Sales (₹ Cr.) 1,028 1,111
BVPS (₹.) 89.2 91.4
Reserves (₹ Cr.) 845 866
P/BV 3.14 3.06
PE 11.67 11.03
From the Market
52 Week Low / High (₹) 245.65 / 400.75
All Time Low / High (₹) 2.08 / 400.75
Market Cap (₹ Cr.) 2,711
Equity (₹ Cr.) 19.4
Face Value (₹) 2
Industry PE 52

Management X-Ray of NRB Bearings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.241.241.240.620.620.620.610.610.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of NRB Bearings

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales6566597078319407527369121,0231,023
Operating Expenses 540559604679775679648783870881
Manufacturing Costs111110105126158140123161168182
Material Costs254269298347389335317390475480
Employee Cost 101115117111116111111122119123
Other Costs 74658495111949611010896
Operating Profit 1151001021521667388130153142
Operating Profit Margin (%) 17.6%15.2%14.5%18.2%17.6%9.7%11.9%14.2%15.0%13.8%
Other Income 510111271912162624
Interest 18181715152121171921
Depreciation 28292928322927333637
Exceptional Items 00001700-4-11210
Profit Before Tax 746468120143425293114318
Tax 2218183844128232868
Profit After Tax 524649829929447086250
PAT Margin (%) 7.9%7.0%7.0%9.9%10.5%3.9%5.9%7.7%8.4%24.5%
Adjusted EPS (₹)5.44.75.18.510.23.04.57.28.925.9
Dividend Payout Ratio (%)28%30%28%31%26%26%11%28%58%20%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 272301324390474459510577642847
Share Capital 19191919191919191919
Reserves 252282304371455440490558622827
Minority Interest0000000000
Debt271225253161239291196246261111
Long Term Debt996110769837389606627
Short Term Debt1721651469215621710618519584
Trade Payables909196104114811119810976
Others Liabilities 240280228327340373359371393425
Total Liabilities 8738989019831,1661,2041,1761,2921,4051,458

Fixed Assets

Gross Block511542557595688753769778801826
Accumulated Depreciation290318346372403432456468503541
Net Fixed Assets221224212223285321313310298285
CWIP 23713131166310
Investments 20192425312931573342
Inventories149131158143241207184254291296
Trade Receivables216238209236221207209221259226
Cash Equivalents 27312127236766544968
Others Assets238251270316353362366389472530
Total Assets 8738989019831,1661,2041,1761,2921,4051,458

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 5797721274784148837108
PBT 746468120143425293114318
Adjustment 464045412349703753-131
Changes in Working Capital -3711-17-1-70336-99-98-48
Tax Paid -26-18-23-32-49-10-11-22-32-31
Cash Flow From Investing Activity -17-22-14-39-65-47-24-44-35139
Capex -13-17-24-35-72-53-29-24-18147
Net Investments 2000000-1042
Others -6-510-4765-19-17-50
Cash Flow From Financing Activity -18-71-68-97286-12421-13-241
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 5-10-18-7-8911255-39
Interest Paid -16-14-16-14-14-20-22-16-18-19
Dividend Paid -11-28-140-12-330-3-13-34
Others 5-19-20-766250-1131613-149
Net Cash Flow 223-10-91043-1-14-116
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)20.4816.0515.7922.9522.856.319.0312.9114.0833.66
ROCE (%)16.5913.7814.222.8723.718.219.5513.8314.8235.44
Asset Turnover Ratio0.850.810.860.90.880.630.620.760.770.73
PAT to CFO Conversion(x)1.12.111.471.550.472.93.360.110.430.43
Working Capital Days
Receivable Days1051151059689104103848585
Inventory Days7371686575109978596103
Payable Days120123114105102106111988070

NRB Bearings Ltd Stock News

NRB Bearings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of NRB Bearings on 08-Oct-2024 16:01 is ₹280.0.
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 08-Oct-2024 16:01 the market cap of NRB Bearings stood at ₹2,711.4.
The latest P/E ratio of NRB Bearings as of 08-Oct-2024 16:01 is 11.67.
The latest P/B ratio of NRB Bearings as of 08-Oct-2024 16:01 is 3.14.
The 52-week high of NRB Bearings is ₹400.8 and the 52-week low is ₹245.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NRB Bearings is ₹1,028 ( Cr.) .

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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