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Last Updated: April 2, 2026, 3:25 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 530367 | NSE: NRBBEARING

NRB Bearings Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹158.84Overvalued by 32.98%vs CMP ₹237.00

P/E (15.5) × ROE (12.7%) × BV (₹98.50) × DY (2.40%)

₹143.86Overvalued by 39.30%vs CMP ₹237.00
MoS: -64.7% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹168.7823%Over (-28.8%)
Graham NumberEarnings₹150.6516%Over (-36.4%)
Earnings PowerEarnings₹87.7011%Over (-63%)
DCFCash Flow₹136.4314%Over (-42.4%)
Net Asset ValueAssets₹98.397%Over (-58.5%)
EV/EBITDAEnterprise₹241.029%Fair (+1.7%)
Earnings YieldEarnings₹102.407%Over (-56.8%)
ROCE CapitalReturns₹129.487%Over (-45.4%)
Revenue MultipleRevenue₹123.665%Over (-47.8%)
Consensus (9 models)₹143.86100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 6.3%

*Investments are subject to market risks

Investment Snapshot

57
NRB Bearings Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health76/100 · Strong
ROCE 15.9% GoodROE 12.7% GoodD/E 0.42 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding up 0.47% (6mo) Slight increaseDII holding down 4.25% MF sellingPromoter holding at 51.2% Stable
Earnings Quality50/100 · Moderate
OPM stable around 17% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +12% YoY GrowingProfit (4Q): -12% YoY Declining
Industry Rank45/100 · Moderate
P/E 15.5 vs industry 28.5 Cheaper than peersROCE 15.9% vs industry 30.8% Below peersROE 12.7% vs industry 74.8% Below peers3Y sales CAGR: 8% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

NRB Bearings Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 15.5 vs Ind 28.5 | ROCE 15.9% | ROE 12.7% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.42x | IntCov 0.0x | Current 1.66x | Borrow/Reserve 0.14x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹82 Cr | CFO/NP N/A
Ownership Accumulation
-75
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.17 pp | DII -1.96 pp | Prom 0.00 pp
Business Momentum
-26
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +0.9% | Q NP -29.3% | Q OPM +2.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-39.3%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.14xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.17 ppLatest FII% minus previous FII%
DII Change-1.96 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change+840Latest shareholder count minus previous count
Quarterly Sales Change+0.9%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-29.3%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+2.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:25 am

Market Cap 2,298 Cr.
Current Price 237
Intrinsic Value₹143.86
High / Low 313/197
Stock P/E15.5
Book Value 98.5
Dividend Yield2.40 %
ROCE15.9 %
ROE12.7 %
Face Value 2.00
PEG Ratio2.48

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for NRB Bearings Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
NRB Bearings Ltd 2,298 Cr. 237 313/19715.5 98.52.40 %15.9 %12.7 % 2.00
Menon Bearings Ltd 604 Cr. 108 146/73.023.1 23.81.85 %17.2 %14.4 % 1.00
Deccan Bearings Ltd 586 Cr. 293 310/81.2 8.790.00 %127 %127 % 10.0
Galaxy Bearings Ltd 146 Cr. 459 1,100/42622.9 3370.00 %16.1 %13.6 % 10.0
SKF India Ltd 7,500 Cr. 1,517 2,396/1,40420.9 5580.96 %28.8 %21.4 % 10.0
Industry Average13,821.86 Cr1,104.6028.53217.010.80%30.76%74.81%7.22

All Competitor Stocks of NRB Bearings Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 251312272279258285289302279329310325328
Expenses 217248227233223237247250234269259272267
Operating Profit 34644546364742524560515460
OPM % 14%21%17%16%14%17%15%17%16%18%17%16%18%
Other Income 14-5-15192125102-45914-3
Interest 5766643332322
Depreciation 11101111111111121212131314
Profit before tax 33412834211443348321455241
Tax % 29%15%31%27%21%28%23%25%31%284%27%21%29%
Net Profit 2335192516632263622-1334129
EPS in Rs 2.363.571.912.4817.093.222.573.642.20-0.213.314.192.95

Last Updated: March 3, 2026, 4:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 5:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6066696737268559657767629431,0571,0941,1991,292
Expenses 5025455626086867796896587968819189991,067
Operating Profit 10412411111716918686105147176176199226
OPM % 17%19%17%16%20%19%11%14%16%17%16%17%17%
Other Income 3438122216151012205-27-24
Interest 1919181815162223182022119
Depreciation 36313232313533313741434853
Profit before tax 527864751351574766102128316113139
Tax % 35%31%32%30%31%30%29%16%26%25%24%27%
Net Profit 34544353931103356769624282102
EPS in Rs 3.405.494.335.339.3611.173.315.587.569.7024.718.2010.24
Dividend Payout % 32%27%32%26%28%23%24%9%26%10%17%83%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)58.82%-20.37%23.26%75.47%18.28%-70.00%69.70%35.71%26.32%152.08%-66.12%
Change in YoY Net Profit Growth (%)0.00%-79.19%43.63%52.22%-57.19%-88.28%139.70%-33.98%-9.40%125.77%-218.20%

NRB Bearings Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:9%
3 Years:8%
TTM:10%
Compounded Profit Growth
10 Years:8%
5 Years:29%
3 Years:14%
TTM:42%
Stock Price CAGR
10 Years:10%
5 Years:28%
3 Years:20%
1 Year:-13%
Return on Equity
10 Years:15%
5 Years:13%
3 Years:14%
Last Year:13%

Last Updated: September 5, 2025, 11:50 am

Balance Sheet

Last Updated: December 4, 2025, 1:44 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 19191919191919191919191919
Reserves 200235260285359451438498569648841899935
Borrowings 316327311275216280359253302329178187133
Other Liabilities 142153142144195197167186183215201201244
Total Liabilities 6777357327237899489839561,0741,2121,2391,3061,331
Fixed Assets 233258259247260322364359358351337377397
CWIP 38459151516101128434037
Investments 0006141312123436445864
Other Assets 405473468461500598591575671796815832834
Total Assets 6777357327237899489839561,0741,2121,2391,3061,331

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 7371928513371102158166111584
Cash from Investing Activity + -67-24-10-25-46-89-65-32-50-44100-60
Cash from Financing Activity + -4-25-79-69-96369-12922-13-222-29
Net Cash Flow 2224-10-91746-3-124-7-5
Free Cash Flow 1253735894-2137122-1421662
CFO/OP 83%80%102%95%100%66%133%164%28%56%86%61%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-212.00-203.00-200.00-158.00-47.00-94.00-273.00-148.00-155.00-153.00-2.0012.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 11110912397100819410083775766
Inventory Days 226238203231175278271258305330364349
Days Payable 1141291261331231231001431131158483
Cash Conversion Cycle 223218200195152237266215275292338332
Working Capital Days 22342848475619616475119118
ROCE %14%17%14%16%25%23%9%11%15%16%15%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 50.11%50.24%50.63%50.67%50.69%50.69%51.16%51.12%51.20%51.20%51.20%51.20%
FIIs 21.29%21.85%14.31%14.31%14.33%13.69%13.74%13.45%13.65%14.05%14.29%14.12%
DIIs 11.49%11.18%19.48%19.69%18.59%17.58%17.08%15.34%14.56%13.33%12.27%10.31%
Public 17.11%16.73%15.58%15.32%16.39%18.05%18.01%20.08%20.59%21.42%22.25%24.37%
No. of Shareholders 47,96645,66247,76653,05752,83764,25965,25073,83675,44473,18770,85271,692

Shareholding Pattern Chart

No. of Shareholders

NRB Bearings Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund 8,748,982 0.6 223.45N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 8.2024.719.707.565.58
Diluted EPS (Rs.) 8.2024.719.707.565.58
Cash EPS (Rs.) 13.4129.3914.1311.648.92
Book Value[Excl.RevalReserv]/Share (Rs.) 94.7590.4070.4262.0954.58
Book Value[Incl.RevalReserv]/Share (Rs.) 94.7590.4070.4262.0954.58
Revenue From Operations / Share (Rs.) 123.70112.90109.1097.4478.68
PBDIT / Share (Rs.) 23.1020.0220.4916.4412.28
PBIT / Share (Rs.) 18.1915.5516.2812.609.11
PBT / Share (Rs.) 11.7032.6013.1710.486.86
Net Profit / Share (Rs.) 8.5024.929.927.805.75
NP After MI And SOA / Share (Rs.) 8.2024.719.707.565.58
PBDIT Margin (%) 18.6717.7318.7816.8715.60
PBIT Margin (%) 14.7013.7714.9212.9311.57
PBT Margin (%) 9.4528.8712.0710.758.71
Net Profit Margin (%) 6.8622.079.098.007.30
NP After MI And SOA Margin (%) 6.6221.888.887.757.09
Return on Networth / Equity (%) 8.6527.8414.0712.4410.44
Return on Capital Employeed (%) 18.4216.2320.5617.7513.86
Return On Assets (%) 6.0819.327.766.815.65
Long Term Debt / Equity (X) 0.000.030.090.100.17
Total Debt / Equity (X) 0.200.200.480.490.42
Asset Turnover Ratio (%) 0.940.890.920.930.77
Current Ratio (X) 2.372.541.711.641.66
Quick Ratio (X) 1.121.190.870.891.03
Inventory Turnover Ratio (X) 2.801.131.441.821.50
Dividend Payout Ratio (NP) (%) 30.5020.6420.626.610.00
Dividend Payout Ratio (CP) (%) 19.0717.4814.374.390.00
Earning Retention Ratio (%) 69.5079.3679.3893.390.00
Cash Earning Retention Ratio (%) 80.9382.5285.6395.610.00
Interest Coverage Ratio (X) 20.218.7110.119.575.45
Interest Coverage Ratio (Post Tax) (X) 13.113.436.435.783.55
Enterprise Value (Cr.) 2105.122686.171551.591354.391206.51
EV / Net Operating Revenue (X) 1.762.461.471.431.58
EV / EBITDA (X) 9.4013.847.818.5010.14
MarketCap / Net Operating Revenue (X) 1.632.371.231.181.38
Retention Ratios (%) 69.4979.3579.3793.380.00
Price / BV (X) 2.133.021.941.892.03
Price / Net Operating Revenue (X) 1.632.371.231.181.38
EarningsYield 0.040.090.070.060.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

NRB Bearings Ltd. is a Public Limited Listed company incorporated on 30/06/1965 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L29130MH1965PLC013251 and registration number is 013251. Currently company belongs to the Industry of Bearings. Company's Total Operating Revenue is Rs. 1077.52 Cr. and Equity Capital is Rs. 19.38 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
BearingsDhannur, 15, Sir P M Road, Mumbai Maharashtra 400001Contact not found
Management
NamePosition Held
Mr. Ashank D DesaiChairman & Ind.Director
Ms. Harshbeena S ZaveriVice Chairman & Mng.Director
Mr. Rustom DesaiIndependent Director
Mr. Satish C RanganiNon Exe.Non Ind.Director
Mr. Jayavardhan Dhar DiwanIndependent Director
Ms. Bapsy DasturIndependent Director
Mr. Tashwinder SinghAdditional Non Exe.Non Ind.Director

FAQ

What is the intrinsic value of NRB Bearings Ltd and is it undervalued?

As of 05 April 2026, NRB Bearings Ltd's intrinsic value is ₹143.86, which is 39.30% lower than the current market price of ₹237.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.7 %), book value (₹98.5), dividend yield (2.40 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of NRB Bearings Ltd?

NRB Bearings Ltd is trading at ₹237.00 as of 05 April 2026, with a FY2026-2027 high of ₹313 and low of ₹197. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,298 Cr..

How does NRB Bearings Ltd's P/E ratio compare to its industry?

NRB Bearings Ltd has a P/E ratio of 15.5, which is below the industry average of 28.53. This is broadly in line with or below the industry average.

Is NRB Bearings Ltd financially healthy?

Key indicators for NRB Bearings Ltd: ROCE of 15.9 % indicates efficient capital utilization. Dividend yield is 2.40 %.

Is NRB Bearings Ltd profitable and how is the profit trend?

NRB Bearings Ltd reported a net profit of ₹82 Cr in Mar 2025 on revenue of ₹1,199 Cr. Compared to ₹76 Cr in Mar 2022, the net profit shows an improving trend.

Does NRB Bearings Ltd pay dividends?

NRB Bearings Ltd has a dividend yield of 2.40 % at the current price of ₹237.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in NRB Bearings Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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