Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of NRB Bearings Ltd

About the Company - NRB Bearings Ltd

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. 913.84 Cr. and Equity Capital is Rs. 19.38 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
BearingsDhannur, Mumbai Maharashtra 400001investorcare@nrbbearings.co.in
http://www.nrbbearings.com
Management
NamePosition Held
Mr. Tashwinder SinghChairman
Ms. Harshbeena S ZaveriVice Chairman & Mng.Director
Mr. Satish C RanganiExecutive Director
Mr. Rustom DesaiDirector
Ms. R M VishakhaDirector
Mr. Ashank D DesaiDirector
Mr. Devesh S SahneyDirector

NRB Bearings Ltd. Share Price Update

Share PriceValue
Today₹321.30
Previous Day₹321.95

Basic Stock Data of NRB Bearings Ltd

Market Cap 3,133 Cr.
Current Price 323
High / Low402/125
Stock P/E28.8
Book Value 69.2
Dividend Yield1.58 %
ROCE16.6 %
ROE16.1 %
Face Value 2.00

Data Source: screener.in

Competitors of NRB Bearings Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
SKF India Ltd 22,945 Cr. 4,6415,535/3,96045.9 4830.86 %34.5 %24.8 % 10.0
Schaeffler India Ltd 45,562 Cr. 2,9153,726/2,61249.9 3080.82 %26.8 %20.0 % 2.00
Timken India Ltd 20,196 Cr. 2,6853,576/2,60056.9 2940.05 %28.0 %21.1 % 10.0
Menon Bearings Ltd 759 Cr. 136166/90.526.7 24.01.66 %32.1 %26.6 % 1.00
Industry Average22,365.50 Cr2,594.2544.85277.250.85%30.35%23.13%5.75

NRB Bearings Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales198245257201257231255236258251312272279
Expenses167202210175209201213193227217248227233
Operating Profit30434727472942433034644546
OPM %15%18%18%13%18%13%17%18%12%14%21%17%16%
Other Income1468-17-33314-5-15
Interest6544454345766
Depreciation79999109101011101111
Profit before tax17334022332225332033412834
Tax %35%30%12%24%27%21%30%27%33%29%15%31%27%
Net Profit11233517241717241323351925
EPS in Rs1.132.333.571.682.431.701.752.471.302.363.571.912.48

NRB Bearings Ltd Quarterly Chart

NRB Bearings Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5595906066696737268559657767629431,0571,122
Expenses444490502545562608686779689658796880931
Operating Profit11410110412411111716918686105147177191
OPM %20%17%17%19%17%16%20%19%11%14%16%17%17%
Other Income493438122216151012191
Interest15191919181815162223182126
Depreciation29323631323231353331374143
Profit before tax7358527864751351574766102128313
Tax %31%18%35%31%32%30%31%30%29%16%26%25%
Net Profit5148345443539311033567696245
EPS in Rs5.154.873.405.494.335.339.3611.173.315.587.569.7025.05
Dividend Payout %39%35%32%27%32%26%28%23%24%9%26%10%

NRB Bearings Ltd Profit & Loss Yearly Chart

NRB Bearings Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:4%
3 Years:11%
TTM:12%
Compounded Profit Growth
10 Years:8%
5 Years:2%
3 Years:47%
TTM:31%
Stock Price CAGR
10 Years:23%
5 Years:9%
3 Years:40%
1 Year:130%
Return on Equity
10 Years:16%
5 Years:14%
3 Years:14%
Last Year:16%

NRB Bearings Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital19191919191919191919191919
Reserves214179200235260285359451438498569648651
Borrowings258272316327311275216280359253302329306
Other Liabilities139127142153142144195197167186183214275
Total Liabilities6305976777357327237899489839561,0741,2101,251
Fixed Assets231219233258259247260322364359358351336
CWIP20193845915151610112835
Investments00000614131212343647
Other Assets378359405473468461500598591575671795833
Total Assets6305976777357327237899489839561,0741,2101,251

NRB Bearings Ltd Reserves and Borrowings Chart

NRB Bearings Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 553473719285133711021581661
Cash from Investing Activity -113-124-67-24-10-25-46-89-65-32-50-44
Cash from Financing Activity 10538-4-25-79-69-96369-12922-13
Net Cash Flow47-522224-10-91746-3-124

NRB Bearings Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days82941111091239710081941008377
Inventory Days266254226238203231175278271258305330
Days Payable127118114129126133123123100143113115
Cash Conversion Cycle221230223218200195152237266215275292
Working Capital Days9812613013512312791123134140155164
ROCE %22%16%14%17%14%16%25%23%9%11%15%17%

NRB Bearings Ltd Financial Efficiency Indicators Chart

NRB Bearings Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters49.62%49.62%49.82%49.82%49.85%49.86%49.86%49.90%50.11%50.24%50.63%50.67%
FIIs20.14%22.67%22.58%23.00%21.90%21.50%21.52%21.32%21.29%21.85%14.31%14.31%
DIIs13.72%11.89%11.90%11.81%11.60%11.61%11.87%11.76%11.49%11.18%19.48%19.69%
Public16.51%15.81%15.70%15.37%16.65%17.04%16.75%17.02%17.11%16.73%15.58%15.32%
No. of Shareholders45,40347,65045,27444,69648,18146,73744,69746,27447,96645,66247,76653,057

NRB Bearings Ltd Shareholding Pattern Chart

No. of NRB Bearings Ltd Shareholders

NRB Bearings Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Small Cap Fund - Regular Plan87489820.95241.95
Mirae Asset ELSS Tax Saver Fund66875990.98184.95
Mirae Asset Midcap Fund21026790.4558.15
Mirae Asset Multicap Fund8692651.2324.04
Franklin Build India Fund5000000.813.83
HDFC Retirement Savings Fund - Hybrid Equity - Regular Plan1750000.44.84
Motilal Oswal Nifty Microcap 250 Index Fund536400.261.48
Groww Nifty Total Market Index Fund1340.010

NRB Bearings Ltd ROCE Trend

NRB Bearings Ltd EPS Trend

NRB Bearings Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)9.707.565.583.3111.17
Diluted EPS (Rs.)9.707.565.583.3111.17
Cash EPS (Rs.)14.1311.648.926.8614.98
Book Value[Excl.RevalReserv]/Share (Rs.)70.4262.0954.5848.1349.52
Book Value[Incl.RevalReserv]/Share (Rs.)70.4262.0954.5848.1349.52
Revenue From Operations / Share (Rs.)109.1097.4478.6880.0899.57
PBDIT / Share (Rs.)20.4916.4412.2810.5119.69
PBIT / Share (Rs.)16.2812.609.117.0816.04
PBT / Share (Rs.)13.1710.486.864.8316.21
Net Profit / Share (Rs.)9.927.805.753.4211.34
NP After MI And SOA / Share (Rs.)9.707.565.583.3111.17
PBDIT Margin (%)18.7816.8715.6013.1219.76
PBIT Margin (%)14.9212.9311.578.8316.11
PBT Margin (%)12.0710.758.716.0316.28
Net Profit Margin (%)9.098.007.304.2711.39
NP After MI And SOA Margin (%)8.887.757.094.1311.21
Return on Networth / Equity (%)14.0712.4410.447.0123.00
Return on Capital Employeed (%)20.5617.7513.8612.3127.02
Return On Assets (%)7.766.815.653.2611.41
Long Term Debt / Equity (X)0.090.100.170.160.17
Total Debt / Equity (X)0.480.490.420.690.55
Asset Turnover Ratio (%)0.920.930.770.791.11
Current Ratio (X)1.711.641.661.301.51
Quick Ratio (X)0.870.891.030.760.78
Inventory Turnover Ratio (X)1.441.821.501.372.11
Dividend Payout Ratio (NP) (%)20.626.610.0078.5710.74
Dividend Payout Ratio (CP) (%)14.374.390.0038.558.10
Earning Retention Ratio (%)79.3893.390.0021.4389.26
Cash Earning Retention Ratio (%)85.6395.610.0061.4591.90
Interest Coverage Ratio (X)10.119.575.454.6812.81
Interest Coverage Ratio (Post Tax) (X)6.435.783.552.527.27
Enterprise Value (Cr.)1551.591354.391206.51822.372075.20
EV / Net Operating Revenue (X)1.471.431.581.062.15
EV / EBITDA (X)7.818.5010.148.0710.88
MarketCap / Net Operating Revenue (X)1.231.181.380.731.90
Retention Ratios (%)79.3793.380.0021.4289.25
Price / BV (X)1.941.892.031.253.90
Price / Net Operating Revenue (X)1.231.181.380.731.90
EarningsYield0.070.060.050.050.05

NRB Bearings Ltd Profitability Ratios (%)

NRB Bearings Ltd Liquidity Ratios

NRB Bearings Ltd Liquidity Ratios (%)

NRB Bearings Ltd Interest Coverage Ratios (%)

NRB Bearings Ltd Valuation Ratios

Fair Value of NRB Bearings Ltd Stock

Fair Value: ₹325.94

The stock is undervalued by 0.91% compared to the current price ₹323

*Investments are subject to market risks

Strength and Weakness of NRB Bearings Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.58%, which is a positive sign.
  2. The company has higher reserves (383.62 cr) compared to borrowings (292.62 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (625.08 cr) and profit (103.69 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 12.22 and average Dividend Yield of 12.87%.
  2. The stock has a high average Working Capital Days of 128.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 227.00, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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