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NRB Bearings Ltd

(NRBBEARING)

₹281.551.06%

as on 04:01PM, 22 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

NRB Bearings Ltd Analyst Rating

based on 2 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 2 analysts offering long term price targets for NRB Bearings Ltd. An average target of ₹395.5

Source: S&P Global Market Intelligence

NRB Bearings Ltd Share analysis

NRB Bearings Ltd price forecast by 2 analysts

Upside of41.96%

High

₹400

Target

₹395.50

Low

₹391

NRB Bearings Ltd target price ₹395.5, a slight upside of 41.96% compared to current price of ₹281.55. According to 2 analysts rating.

Source: S&P Global Market Intelligence

NRB Bearings Ltd Performance

  • Day's Low

    Day's High

    ₹275.8
    ₹283.5
  • 52 Week's Low

    52 Week's High

    ₹242.6
    ₹401.55
1 Month Return+ 6.83 %
3 Month Return-11.81 %
1 Year Return+ 6.97 %
Previous Close₹278.60
Open₹278.80
Volume86.82K
Upper Circuit-
Lower Circuit-
Market Cap₹2,700.26Cr

NRB Bearings Ltd Key Statistics

P/E Ratio10.51
PEG Ratio0.64
Market Cap₹2,700.26 Cr
P/B Ratio3.07
EPS24.92
Dividend Yield1.53
SectorBearings
ROE11.39

NRB Bearings Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹2,700.26 Cr36.74%0.57₹241 Cr₹1,094 Cr
NA₹142.61 Cr20.56%0.50NANA
NA₹64.26 Cr53.61%0.83-₹27 Cr₹73 Cr
NA₹112.77 Cr54.64%0.80NANA
BUY₹23,099.39 Cr23.23%0.51₹551 Cr₹4,570 Cr

About NRB Bearings Ltd

NRB Bearings is an IndoFrench Joint venture between Nadella France and Trilochan Sahney and has a 26 stake held by the French partner. It is a pioneer in the manufacture of needle bearings in India and has diversified into the manufacture of cylindrical roller bearings, spherical roller bearings, ball bearings, taper roller bearings with technical know-how from France. In April 1991, Sahney Steel and Press Works merged with NRB Bearings, which boasts major customers like Maruti Udyog, Mahindra & Mahindra, Telco, Ashok Leyland and others. In March 1995, a public issue was done to finance the installation of balancing equipment at the Jalna unit and an Engineering Center was set up in Thane. Expansion led to an increased capacity of 2.1 million nos for various types of ball and roller bearings in 1999-2000. NRB has a joint venture, NRB Torrington, with the Torrington Company US and two subsidiary companies - Essen Marketing Services Ltd. and SNL Bearings (formerly Shriram Needle Bearing Industries Ltd.). SNL became part of NRB Bearings when it acquired 63.98% of its equity in June 2001. With TUV certification for QS9000 and ISO9002, NRB Bearings is focused on becoming a strong player in the need bearing segment.

Share Price: ₹281.55 per share as on 22 Nov, 2024 04:01 PM
Market Capitalisation: ₹2,700.26Cr as of today
Revenue: ₹301.51Cr as on September 2024 (Q3 24)
Net Profit: ₹35.94Cr as on September 2024 (Q3 24)
Listing date: 08 Mar, 2000
Chairperson Name: Tashwinder Singh
OrganisationNRB Bearings Ltd
Headquarters
IndustryBearings
E-voting on sharesClick here to vote

Key events for NRB Bearings Ltd

  • Promoter Stake Increase and Strong Financials for NRB Bearings - 21 Nov, 2024

    Harshbeena Zaveri, a promoter of NRB Bearings, purchased shares in three tranches. The company shows strong financials with a 15% return on capital employed, 17.4% EBITDA margin, and low debt-to-equity ratio of 0.2.

  • Promoter Increases Stake in NRB Bearings - 19 Nov, 2024

    Harshbeena Zaveri, promoter and director of NRB Bearings Ltd, purchased shares in three tranches from November 11 to 13, 2024, increasing her stake. This trend reflects a consistent pattern of promoter share acquisition over the past eight quarters.

  • NRB Bearings Reports Strong Q2 Earnings Growth - 08 Nov, 2024

    NRB Bearings shows robust financial performance with a 45.92% increase in consolidated net profit and a 3.98% rise in standalone net sales for Q2 FY25.

Insights on NRB Bearings Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 13.69% to 13.74% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 24.93 Cr → 35.26 Cr (in ₹), with an average increase of 29.3% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, NRBBEARING stock has moved up by 6.8%

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 50.69% to 51.16% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 294.36 Cr → 311.89 Cr (in ₹), with an average increase of 5.6% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Thermax Ltd has given 67.2% return, outperforming this stock by 60.2%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Thermax Ltd has given 152.4% return, outperforming this stock by 70.0%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 18.05% to 18.02% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 17.58% to 17.08% in Sep 2024 quarter

NRB Bearings Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹278.99Cr (-)₹258.41Cr (↓7.38%)₹284.61Cr (↑10.14%)₹289.29Cr (↑1.64%)₹301.51Cr (↑4.22%)
Net Income₹24.63Cr (-)₹166.12Cr (↑574.46%)₹31.77Cr (↓80.88%)₹25.62Cr (↓19.36%)₹35.94Cr (↑40.28%)
Net Profit Margin8.83% (-)64.29% (↑628.09%)11.16% (↓82.64%)8.86% (↓20.61%)11.92% (↑34.54%)
Value in ₹ crore
Details2021202220232024
Total Assets₹905.06Cr (-)₹1,018.47Cr (↑12.53%)₹1,126.00Cr (↑10.56%)₹1,144.98Cr (↑1.69%)
Total Liabilities₹395.52Cr (-)₹441.34Cr (↑11.58%)₹484.20Cr (↑9.71%)₹298.47Cr (↓38.36%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹84.42Cr (-)₹147.62Cr (↑74.86%)₹8.14Cr (↓94.49%)₹36.64Cr (↑350.12%)₹107.81Cr (↑194.24%)

Index Inclusions

BSE Small-Cap

₹52,612.93

0.9 (471.78%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

NRB Bearings Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
51.16%
0.94
Foreign Institutions
13.74%
0.42
Mutual Funds
17.07%
-2.85
Retail Investors
18.02%
-0.15
Others
0%
-97.56

NRB Bearings Ltd Key Indicators

Details20202021202220232024
Return On Equity %6.319.0312.9114.0811.39
Details20202021202220232024
Return On Assets %3.345.977.198.3520.91
Details20202021202220232024
Book Value Per Share (₹)47.1553.4360.7468.9188.74
Details20202021202220232024
Earning Per Share (₹)3.435.757.89.9224.92

NRB Bearings Ltd Valuation

NRB Bearings Ltd in the last 5 years

  • Overview

  • Trends

Lowest (8.79x)

August 2, 2019

Today (10.51x)

November 21, 2024

Industry (53.70x)

November 21, 2024

Highest (135.07x)

August 28, 2020

LowHigh

NRB Bearings Ltd Earnings and Dividends

  • NRB Bearings Ltd Earnings Results

    NRB Bearings Ltd’s net profit jumped 46.55% since last year same period to ₹35.26Cr in the Q2 2024-2025. On a quarterly growth basis, NRB Bearings Ltd has generated 41.44% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • NRB Bearings Ltd Dividends October,2024

    In the quarter ending September 2024, NRB Bearings Ltd has declared dividend of ₹2.50 - translating a dividend yield of 0.90%.

    Read More about Dividends

NRB Bearings Ltd Technicals Summary

Bearish

Neutral

Bullish

Neutral

NRB Bearings Ltd is currently in a Neutral trading position according to technical analysis indicators.

FAQs on NRB Bearings Ltd

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NRB Bearings Ltd (NRBBEARING) share price today is ₹281.55

NRB Bearings Ltd is listed on NSE

NRB Bearings Ltd is listed on BSE

  • Today’s highest price of NRB Bearings Ltd is ₹283.5.
  • Today’s lowest price of NRB Bearings Ltd is ₹275.8.

PE Ratio of NRB Bearings Ltd is 10.51

PE ratio = NRB Bearings Ltd Market price per share / NRB Bearings Ltd Earnings per share

Today’s traded volume of NRB Bearings Ltd(NRBBEARING) is 86.82K.

Today’s market capitalisation of NRB Bearings Ltd(NRBBEARING) is ₹2700.26Cr.

NRB Bearings Ltd(NRBBEARINGPrice
52 Week High
₹401.55
52 Week Low
₹242.6

NRB Bearings Ltd(NRBBEARING) share price is ₹281.55. It is down -29.88% from its 52 Week High price of ₹401.55

NRB Bearings Ltd(NRBBEARING) share price is ₹281.55. It is up 16.06% from its 52 Week Low price of ₹242.6

NRB Bearings Ltd(NRBBEARINGReturns
1 Day Returns
2.95%
1 Month Returns
6.83%
3 Month Returns
-11.81%
1 Year Returns
6.97%