Is NRB Bearings a good quality company?

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

Is NRB Bearings 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 .

What is NRB Bearings share price return in the past 10 years?

NRB Bearings Ltd share price has appreciated 8.5% annually (CAGR) over the past ten years.

Is NRB Bearings 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.

NRB Bearings Ltd - Stock Valuation and Financial Performance

Name: NRB Bearings
Brand: NRB Bearings

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

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NRB Bearings Share Price

₹279.80 -2.50 -0.89%
as on 26-Dec'24 16:59

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	16.6%	13.8%	14.2%	22.9%	23.7%	8.2%	9.6%	13.8%	14.8%	35.4%	-
Value Creation Index ⓘ	0.2	0.0	0.0	0.6	0.7	-0.4	-0.3	0.0	0.1	1.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	656	659	707	831	940	752	736	912	1,023	1,023	1,039
Sales YoY Gr.	-	0.6%	7.2%	17.5%	13.2%	-20%	-2.1%	24%	12.1%	-0%	-
Adj EPS ⓘ	5.7	4.5	5.5	7.9	8.9	2.2	3.9	7.5	8.5	10.1	24.5
YoY Gr.	-	-21.2%	21.7%	44.6%	12.6%	-75.6%	79.8%	90.8%	13.4%	19.1%	-
BVPS (₹) ⓘ	28	31.1	33.4	40.3	48.9	47.4	52.6	59.6	66.2	87.4	92.2
Adj Net Profit ⓘ	55.4	43.7	53.2	76.9	86.7	21.1	38	72.5	82.2	97.9	237
Cash Flow from Ops. ⓘ	56.8	96.5	72.2	127	47.3	84.4	148	8.1	36.6	108	-
Debt/CF from Ops. ⓘ	5.5	3.1	3.7	1.6	5.5	3.9	1.6	33.2	8.1	1.2	-

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%
BVPSⓘ	13.5%	12.3%	18.4%	31.9%
Share Price	8.5%	24%	21.6%	-2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	21.8	15.2	17	21.6	20.1	4.5	7.9	13.3	13.5	13.2	27.3
Op. Profit Mgn % ⓘ	18.5	15.2	15.3	18.3	17.6	9.9	12	14.3	15	13.9	13.1
Net Profit Mgn % ⓘ	8.5	6.6	7.5	9.3	9.2	2.8	5.2	7.9	8	9.6	22.8
Debt to Equity ⓘ	1.1	1	0.8	0.5	0.6	0.7	0.5	0.5	0.5	0.2	0
Working Cap Days ⓘ	290	310	296	286	293	386	381	315	329	360	122
Cash Conv. Cycle ⓘ	121	126	115	104	112	158	144	120	137	150	82

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 27.30%

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 0.37%

Latest Financials - NRB Bearings Ltd.

	Standalone	Consolidated
TTM EPS (₹)	24.5	26.5
TTM Sales (₹ Cr.)	1,039	1,134
BVPS (₹.) ⓘ	92.2	96.1
Reserves (₹ Cr.) ⓘ	874	912
P/BV ⓘ	3.06	2.94
PE ⓘ	11.54	10.65

From the Market
52 Week Low / High (₹)	242.80 / 400.75
All Time Low / High (₹)	2.08 / 400.75
Market Cap (₹ Cr.)	2,736
Equity (₹ Cr.)	19.4
Face Value (₹)	2
Industry PE ⓘ	45.5

Management X-Ray of NRB Bearings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

1.24

0.62

0.61

0.00

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

Valuation of NRB Bearings

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of NRB Bearings

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	656	659	707	831	940	752	736	912	1,023	1,023
Operating Expenses ⓘ	540	559	604	679	775	679	648	783	870	881
Manufacturing Costs	111	110	105	126	158	140	123	161	168	182
Material Costs	254	269	298	347	389	335	317	390	475	480
Employee Cost	101	115	117	111	116	111	111	122	119	123
Other Costs ⓘ	74	65	84	95	111	94	96	110	108	96
Operating Profit ⓘ	115	100	102	152	166	73	88	130	153	142
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 ⓘ	5	10	11	12	7	19	12	16	26	24
Interest ⓘ	18	18	17	15	15	21	21	17	19	21
Depreciation ⓘ	28	29	29	28	32	29	27	33	36	37
Exceptional Items ⓘ	0	0	0	0	17	0	0	-4	-11	210
Profit Before Tax ⓘ	74	64	68	120	143	42	52	93	114	318
Tax ⓘ	22	18	18	38	44	12	8	23	28	68
Profit After Tax	52	46	49	82	99	29	44	70	86	250
PAT Margin (%)	7.9%	7.0%	7.0%	9.9%	10.5%	3.9%	5.9%	7.7%	8.4%	24.5%
Adjusted EPS (₹)	5.4	4.7	5.1	8.5	10.2	3.0	4.5	7.2	8.9	25.9
Dividend Payout Ratio (%)	28%	30%	28%	31%	26%	26%	11%	28%	58%	20%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	272	301	324	390	474	459	510	577	642	847
Share Capital ⓘ	19	19	19	19	19	19	19	19	19	19
Reserves ⓘ	252	282	304	371	455	440	490	558	622	827
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	271	225	253	161	239	291	196	246	261	111
Long Term Debt	99	61	107	69	83	73	89	60	66	27
Short Term Debt	172	165	146	92	156	217	106	185	195	84
Trade Payables	90	91	96	104	114	81	111	98	109	76
Others Liabilities ⓘ	240	280	228	327	340	373	359	371	393	425
Total Liabilities ⓘ	873	898	901	983	1,166	1,204	1,176	1,292	1,405	1,458
Fixed Assets
Gross Block	511	542	557	595	688	753	769	778	801	826
Accumulated Depreciation	290	318	346	372	403	432	456	468	503	541
Net Fixed Assetsⓘ	221	224	212	223	285	321	313	310	298	285
CWIP ⓘ	2	3	7	13	13	11	6	6	3	10
Investmentsⓘ	20	19	24	25	31	29	31	57	33	42
Inventories	149	131	158	143	241	207	184	254	291	296
Trade Receivables	216	238	209	236	221	207	209	221	259	226
Cash Equivalents	27	31	21	27	23	67	66	54	49	68
Others Assetsⓘ	238	251	270	316	353	362	366	389	472	530
Total Assets ⓘ	873	898	901	983	1,166	1,204	1,176	1,292	1,405	1,458

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	57	97	72	127	47	84	148	8	37	108
PBT ⓘ	74	64	68	120	143	42	52	93	114	318
Adjustment ⓘ	46	40	45	41	23	49	70	37	53	-131
Changes in Working Capital ⓘ	-37	11	-17	-1	-70	3	36	-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	-35	139
Capex	-13	-17	-24	-35	-72	-53	-29	-24	-18	147
Net Investments	2	0	0	0	0	0	0	-1	0	42
Others ⓘ	-6	-5	10	-4	7	6	5	-19	-17	-50
Cash Flow From Financing Activityⓘ	-18	-71	-68	-97	28	6	-124	21	-13	-241
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	5	-10	-18	-7	-8	9	11	25	5	-39
Interest Paid ⓘ	-16	-14	-16	-14	-14	-20	-22	-16	-18	-19
Dividend Paid ⓘ	-11	-28	-14	0	-12	-33	0	-3	-13	-34
Others ⓘ	5	-19	-20	-76	62	50	-113	16	13	-149
Net Cash Flow ⓘ	22	3	-10	-9	10	43	-1	-14	-11	6

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	20.48	16.05	15.79	22.95	22.85	6.31	9.03	12.91	14.08	33.66
ROCE (%)	16.59	13.78	14.2	22.87	23.71	8.21	9.55	13.83	14.82	35.44
Asset Turnover Ratio	0.85	0.81	0.86	0.9	0.88	0.63	0.62	0.76	0.77	0.73
PAT to CFO Conversion(x)	1.1	2.11	1.47	1.55	0.47	2.9	3.36	0.11	0.43	0.43
Working Capital Days
Receivable Days	105	115	105	96	89	104	103	84	85	85
Inventory Days	73	71	68	65	75	109	97	85	96	103
Payable Days	120	123	114	105	102	106	111	98	80	70

NRB Bearings Ltd Stock News

NRB Bearings Ltd FAQs

What is the share price of NRB Bearings?

Company share prices are keep on changing according to the market conditions. The closing price of NRB Bearings on 26-Dec-2024 16:59 is ₹279.8.

What is the market cap of NRB Bearings?

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 26-Dec-2024 16:59 the market cap of NRB Bearings stood at ₹2,736.1.

What is the P/E ratio of NRB Bearings?

The latest P/E ratio of NRB Bearings as of 26-Dec-2024 16:59 is 11.54.

What is the P/B ratio of NRB Bearings?

The latest P/B ratio of NRB Bearings as of 26-Dec-2024 16:59 is 3.06.

What is the 52-week high and low of NRB Bearings?

The 52-week high of NRB Bearings is ₹400.8 and the 52-week low is ₹242.8.

What is the TTM revenue of NRB Bearings?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NRB Bearings is ₹1,039 ( 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 companyâ€™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: