NRB Bearings Ltd Stock Analysis

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

BSE Share Price 25-Nov-2022 18:01
148.45 -0.45 (-0.30%)

DeciZen - Make an Informed Decision on NRB Bearings

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

NRB Bearings Price Chart

P/E Ratio (SA) :
20.11
Market Cap :
1,438.8 Cr.
52-wk low :
106.7
52-wk high :
189.7
Bole Toh?

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 average 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 Fair zone.

3. Is NRB Bearings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of NRB Bearings Ltd is likely to Rise-somewhat 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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 12.4%9.9%12.2%9.5%10.9%14.8%14.6%4.7%6.9%10.6%-
Value Creation Index -0.1-0.3-0.1-0.3-0.20.10.0-0.7-0.5-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 580594656659707831940752736914968
YoY Gr. Rt. %-2.6%10.3%0.6%7.2%17.5%13.2%-20%-2.1%24.2%-
Adj EPS 4.63.85.74.55.57.98.92.23.97.57.4
YoY Gr. Rt. %--18.4%52.1%-21.2%21.7%44.6%12.6%-75.6%79.8%90.8%-
BVPS (₹) 21.824.42831.133.440.348.947.452.659.661.4
Adj Net Profit 44.736.555.443.753.276.986.721.13872.572
Cash Flow from Ops. 34.160.756.896.572.212747.384.41488.1-
Debt/CF from Ops. 7.34.85.53.13.71.65.53.91.633.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.2%5.3%-1%24.2%
Adj EPS 5.5%6.4%-5.8%90.8%
BVPS 11.812.36.813.3
Share Price 15.3% -0.4% 14.4% -7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 19.616.321.815.21721.620.14.57.913.312.2
Op. Profit Mgn % 16.21718.515.215.318.317.69.91214.413.6
Net Profit Mgn % 7.76.18.56.67.59.39.22.85.27.97.4
Debt to Equity 1.21.21.110.80.50.60.70.50.50.1
Working Cap Days 191244290310296286293386381324208
Cash Conv. Cycle 11112012112611510411215814412583

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.20%

Debt to equity has declined versus last 3 years average to 0.47

Sales growth has been subdued in last 3 years -0.95%

Net Profit has been subdued in last 3 years -5.77%

Sales growth is not so good in last 4 quarters at 5.05%

Latest Financials - NRB Bearings Ltd.

Standalone Consolidated
TTM EPS (₹) 7.4 7.2
TTM Sales (₹ Cr.) 968 980
BVPS (₹.) 61.4 62.6
Reserves (₹ Cr.) 576 588
P/BV 2.42 2.37
PE 20.11 20.56
From the Market
52 Week Low / High (₹) 106.70 / 189.65
All Time Low / High (₹) 2.08 / 223.60
Market Cap (₹ Cr.) 1,439
Equity (₹ Cr.) 19.4
Face Value (₹) 2
Industry PE 52

Management X-Ray of NRB Bearings :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.271.261.250.000.0011.261.241.241.241.24
* 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 (%)

News

NRB Bearings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of NRB Bearings on 25-Nov-2022 18:01 is : 148.4.
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 25-Nov-2022 18:01 the market cap of NRB Bearings stood at ₹ 1,438.8.
The latest PE ratio of NRB Bearings as of 25-Nov-2022 18:01 is 20.11.
The latest PB ratio of NRB Bearings as of 25-Nov-2022 18:01 is 2.42
The 52-week high of NRB Bearings is ₹ 189.7 and the 52-week low is ₹ 106.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of NRB Bearings is ₹ 967.6 ( 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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