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NRB Bearings Ltd Stock Analysis

Small Cap
Evaluated by 925 users | BSE: 530367 | NSE: NRBBEARING |
Bearings
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,...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 19.51%14.8%12.39%9.94%12.24%9.47%10.93%14.77%14.61%4.7%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 472549580594656659707831940752
Y-o-Y Gr. Rt.-16.3%5.5%2.6%10.3%0.6%7.2%17.5%13.2%-20%
Adjusted EPS (Rs.) 5.455.054.613.765.724.515.497.948.942.18
Y-o-Y Gr. Rt.--7.3%-8.7%-18.4%52.1%-21.2%21.7%44.6%12.6%-75.6%
Book Value per Share (Rs.) 22.625.2621.7624.4228.0331.0933.3840.2748.9247.37
Adjusted Net Profit 52.848.944.736.555.443.753.276.986.721.1
Net Op. Cash Flow (Rs. Cr.) 35.651.934.160.756.896.572.212747.385.2
Debt to Cash Flow from Ops 2.734.497.284.835.453.093.651.65.473.89
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
NRB Bearings Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 5.3%2.8%2.1%-20%
Adjusted EPS -9.7%-17.6%-26.5%-75.6%
Book Value per Share 8.611.112.4-3.2
Share Price 8.5% -11.5% -18% -14.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 25.9621.0919.6116.321.815.2417.0321.5520.064.53
Operating Profit Margin (%) 22.4319.7416.2417.0218.4515.2215.2618.2517.639.89
Net Profit Margin (%) 11.178.917.716.148.456.637.539.269.222.81
Debt to Equity 0.440.951.181.241.140.990.820.520.550.72
Working Capital Days 154175191244290310296286293386
Cash Conversion Cycle 7993111120121126115104112158
Entity Percentage Holding
Promoters 49.05%
Institutions 37.05%
Non-Institutions 13.90%
Pledged *8.918.919.4810.4911.111.281.281.271.271.26
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of NRB Bearings Ltd's performance infers:

NRB Bearings Ltd earnings have declined by -17.6%, whereas share price has depreciated -11.5% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of NRB Bearings Ltd share prices over the last 10 years. Here is what we found out:

NRB Bearings Ltd share price has depreciated 4.1% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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