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NRB Bearings Ltd

(NRBBEARING)

₹323.451.13%

as on 04:01PM, 06 Sep 2024

Overview
News
Financials
Q1 2024 Results
Technicals

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 of22.28%

High

₹400

Target

₹395.50

Low

₹391

NRB Bearings Ltd target price ₹395.5, a slight upside of 22.28% compared to current price of ₹323.45. According to 2 analysts rating.

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹321
    ₹328.5
  • 52 Week's Low

    52 Week's High

    ₹245.15
    ₹401.55
1 Month Return+ 2.42 %
3 Month Return+ 2.89 %
1 Year Return+ 18.85 %
Previous Close₹327.15
Open₹328.25
Volume1.04L
Upper Circuit-
Lower Circuit-
Market Cap₹3,170.82Cr

Key Statistics

P/E Ratio12.75
PEG Ratio0.78
Market Cap₹3,170.82 Cr
P/B Ratio3.07
EPS24.92
Dividend Yield0
SectorBearings
ROE11.39

Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹3,170.82 Cr47.84%0.57₹241 Cr₹1,094 Cr
NA₹354.91 Cr38.54%0.66NANA
NA₹129.98 Cr89.15%0.80NANA
NA₹93.14 Cr113.3%0.83-₹27 Cr₹73 Cr
NA₹83.26 Cr91.15%0.57₹4 Cr₹110 Cr

Company Information

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: ₹323.45 per share as on 06 Sep, 2024 04:01 PM
Market Capitalisation: ₹3,170.82Cr as of today
Revenue: ₹289.29Cr as on June 2024 (Q2 24)
Net Profit: ₹25.62Cr as on June 2024 (Q2 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

  • NRB Bearings Reports Strong Q1 Results - 23 Aug, 2024

    NRB Bearings reported a 6.35% increase in net sales to Rs 289.29 crore for June 2024, with net profit rising 34.39% to Rs 24.93 crore. EPS improved to Rs 2.57. However, EBITDA decreased by 5.16%. The stock has seen a 33.32% gain over the past year.

  • NRB Bearings Q1 Results Show Mixed Performance - 13 Aug, 2024

    NRB Bearings reported a 34.39% YoY profit increase in Q1 2024, despite a 20.15% QoQ profit decline. Revenue rose 6.35% YoY but fell 1.64% QoQ. Analysts remain optimistic with a consensus Strong Buy rating.

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

    Price Rise

    img

    In the last 3 months, NRBBEARING stock has moved up by 2.9%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 16.39% to 18.05% in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Thermax Ltd has given 52.2% return, outperforming this stock by 33.3%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Thermax Ltd has given 203.9% return, outperforming this stock by 61.7%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 50.69% of holdings in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 3 quarters, 449.98 Cr → 294.36 Cr (in ₹), with an average decrease of 17.4% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 14.33% to 13.69% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 165.6 Cr → 24.93 Cr (in ₹), with an average decrease of 50.7% per quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 18.59% to 17.58% in Jun 2024 quarter

Company Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹272.02Cr (-)₹278.99Cr (↑2.56%)₹258.41Cr (↓7.38%)₹284.61Cr (↑10.14%)₹289.29Cr (↑1.64%)
Net Income₹18.99Cr (-)₹24.63Cr (↑29.70%)₹166.12Cr (↑574.46%)₹31.77Cr (↓80.88%)₹25.62Cr (↓19.36%)
Net Profit Margin6.98% (-)8.83% (↑26.50%)64.29% (↑628.09%)11.16% (↓82.64%)8.86% (↓20.61%)
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

S&P BSE AllCap

₹10,846.85

-1.18 (-129.55%)

BSE Small-Cap

₹55,977.86

-0.96 (-543.75%)

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
50.69%
0.00
Foreign Institutions
13.69%
-4.50
Mutual Funds
17.58%
-5.45
Retail Investors
18.05%
10.09
Others
0%
0.00

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 (12.75x)

September 6, 2024

Industry (62.25x)

September 6, 2024

Highest (135.07x)

August 28, 2020

LowHigh

Earnings and Dividends

  • NRB Bearings Ltd Earnings Results

    NRB Bearings Ltd’s net profit jumped 34.39% since last year same period to ₹24.93Cr in the Q1 2024-2025. On a quarterly growth basis, NRB Bearings Ltd has generated -20.15% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • NRB Bearings Ltd Dividends May,2023

    In the quarter ending March 2023, NRB Bearings Ltd has declared dividend of ₹1 - translating a dividend yield of 2.20%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

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

Frequently Asked Questions

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NRB Bearings Ltd (NRBBEARING) share price today is ₹323.45

NRB Bearings Ltd is listed on NSE

NRB Bearings Ltd is listed on BSE

  • Today’s highest price of NRB Bearings Ltd is ₹328.5.
  • Today’s lowest price of NRB Bearings Ltd is ₹321.

PE Ratio of NRB Bearings Ltd is 12.75

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 1.04L.

Today’s market capitalisation of NRB Bearings Ltd(NRBBEARING) is ₹3170.82Cr.

NRB Bearings Ltd(NRBBEARINGPrice
52 Week High
₹401.55
52 Week Low
₹245.15

NRB Bearings Ltd(NRBBEARING) share price is ₹323.45. It is down -19.45% from its 52 Week High price of ₹401.55

NRB Bearings Ltd(NRBBEARING) share price is ₹323.45. It is up 31.94% from its 52 Week Low price of ₹245.15

NRB Bearings Ltd(NRBBEARINGReturns
1 Day Returns
-3.7%
1 Month Returns
2.42%
3 Month Returns
2.89%
1 Year Returns
18.85%