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Last Updated on: 25 June, 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

Basic Stock Data of NRB Bearings Ltd

Last Updated: June 17, 2024, 8:20 pm

Market Cap 3,200 Cr.
Current Price 330
High / Low402/177
Stock P/E32.9
Book Value 88.7
Dividend Yield1.54 %
ROCE14.6 %
ROE12.8 %
Face Value 2.00
PEG Ratio0.66

Competitors of NRB Bearings Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Benara Bearings & Pistons Ltd 27.8 Cr. 15.726.8/12.0 10.80.00 %2.39 %14.1 % 10.0
Deccan Bearings Ltd 12.5 Cr. 57.373.1/33.2 1.050.00 %55.4 %55.4 % 10.0
Timken India Ltd 33,892 Cr. 4,5034,818/2,49086.4 3210.03 %23.4 %17.6 % 10.0
Austin Engineering Company Ltd 80.9 Cr. 232268/14722.0 1750.00 %8.95 %6.24 % 10.0
Menon Bearings Ltd 709 Cr. 126166/10827.6 26.11.78 %23.0 %18.4 % 1.00
Industry Average20,480.03 Cr2,373.4339.83197.850.61%24.15%21.96%7.57

NRB Bearings Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales245257201257231255236258251312272279258
Expenses202210175209201213193227217248227233223
Operating Profit43472747294243303464454636
OPM %18%18%13%18%13%17%18%12%14%21%17%16%14%
Other Income468-17-33314-5-15192
Interest5444543457666
Depreciation999910910101110111111
Profit before tax334022332225332033412834211
Tax %30%12%24%27%21%30%27%33%29%15%31%27%21%
Net Profit233517241717241323351925166
EPS in Rs2.333.571.682.431.701.752.471.302.363.571.912.4817.09

Last Updated: April 10, 2024, 4:21 am

NRB Bearings Ltd Quarterly Chart

NRB Bearings Ltd Profit & Loss

Last Updated: May 26, 2024, 11:55 pm

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:3%
3 Years:13%
TTM:3%
Compounded Profit Growth
10 Years:12%
5 Years:0%
3 Years:22%
TTM:-4%
Stock Price CAGR
10 Years:14%
5 Years:17%
3 Years:35%
1 Year:90%
Return on Equity
10 Years:16%
5 Years:12%
3 Years:14%
Last Year:13%

Last Updated: June 18, 2024, 10:50 am

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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters49.62%49.82%49.82%49.85%49.86%49.86%49.90%50.11%50.24%50.63%50.67%50.69%
FIIs22.67%22.58%23.00%21.90%21.50%21.52%21.32%21.29%21.85%14.31%14.31%14.33%
DIIs11.89%11.90%11.81%11.60%11.61%11.87%11.76%11.49%11.18%19.48%19.69%18.59%
Public15.81%15.70%15.37%16.65%17.04%16.75%17.02%17.11%16.73%15.58%15.32%16.39%
No. of Shareholders47,65045,27444,69648,18146,73744,69746,27447,96645,66247,76653,05752,837

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)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan8,748,9820.95241.958,748,9822024-06-240%
Mirae Asset ELSS Tax Saver Fund6,687,5990.98184.958,748,9822024-06-24-23.56%
Mirae Asset Midcap Fund2,102,6790.4558.158,748,9822024-06-24-75.97%
Mirae Asset Multicap Fund869,2651.2324.048,748,9822024-06-24-90.06%
Franklin Build India Fund500,0000.813.838,748,9822024-06-24-94.29%
HDFC Retirement Savings Fund - Hybrid Equity - Regular Plan175,0000.44.848,748,9822024-06-24-98%
Motilal Oswal Nifty Microcap 250 Index Fund53,6400.261.488,748,9822024-06-24-99.39%
Groww Nifty Total Market Index Fund1340.0108,748,9822024-06-24-100%

NRB Bearings Ltd ROCE Trend

NRB Bearings Ltd EPS Trend

NRB Bearings Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)24.719.707.565.583.31
Diluted EPS (Rs.)24.719.707.565.583.31
Cash EPS (Rs.)29.3914.1311.648.926.86
Book Value[Excl.RevalReserv]/Share (Rs.)90.4070.4262.0954.5848.13
Book Value[Incl.RevalReserv]/Share (Rs.)90.4070.4262.0954.5848.13
Revenue From Operations / Share (Rs.)112.90109.1097.4478.6880.08
PBDIT / Share (Rs.)20.0220.4916.4412.2810.51
PBIT / Share (Rs.)15.5516.2812.609.117.08
PBT / Share (Rs.)32.6013.1710.486.864.83
Net Profit / Share (Rs.)24.929.927.805.753.42
NP After MI And SOA / Share (Rs.)24.719.707.565.583.31
PBDIT Margin (%)17.7318.7816.8715.6013.12
PBIT Margin (%)13.7714.9212.9311.578.83
PBT Margin (%)28.8712.0710.758.716.03
Net Profit Margin (%)22.079.098.007.304.27
NP After MI And SOA Margin (%)21.888.887.757.094.13
Return on Networth / Equity (%)27.8414.0712.4410.447.01
Return on Capital Employeed (%)16.2120.5617.7513.8612.31
Return On Assets (%)19.307.766.815.653.26
Long Term Debt / Equity (X)0.030.090.100.170.16
Total Debt / Equity (X)0.200.480.490.420.69
Asset Turnover Ratio (%)0.890.920.930.770.79
Current Ratio (X)2.531.711.641.661.30
Quick Ratio (X)1.190.870.891.030.76
Inventory Turnover Ratio (X)1.131.441.821.501.37
Dividend Payout Ratio (NP) (%)0.0020.626.610.0078.57
Dividend Payout Ratio (CP) (%)0.0014.374.390.0038.55
Earning Retention Ratio (%)0.0079.3893.390.0021.43
Cash Earning Retention Ratio (%)0.0085.6395.610.0061.45
Interest Coverage Ratio (X)8.7110.119.575.454.68
Interest Coverage Ratio (Post Tax) (X)3.436.435.783.552.52
Enterprise Value (Cr.)2686.161551.591354.391206.51822.37
EV / Net Operating Revenue (X)2.461.471.431.581.06
EV / EBITDA (X)13.847.818.5010.148.07
MarketCap / Net Operating Revenue (X)2.371.231.181.380.73
Retention Ratios (%)0.0079.3793.380.0021.42
Price / BV (X)3.021.941.892.031.25
Price / Net Operating Revenue (X)2.371.231.181.380.73
EarningsYield0.090.070.060.050.05

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

Fair Value: 379.29

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 14.94% compared to the current price 330

Intrinsic Value: 568.54

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 72.29% compared to the current price ₹330

Last 5 Year EPS CAGR: 49.90%

*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 has a high average Working Capital Days of 128.83, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 227.00, which may not be favorable.

FAQ

What is the latest fair value of NRB Bearings Ltd?

The latest fair value of NRB Bearings Ltd is ₹379.29.

What is the Market Cap of NRB Bearings Ltd?

The Market Cap of NRB Bearings Ltd is 3,200 Cr..

What is the current Stock Price of NRB Bearings Ltd as on 25 June 2024?

The current stock price of NRB Bearings Ltd as on 25 June 2024 is ₹330.

What is the High / Low of NRB Bearings Ltd stocks in FY 2024?

In FY 2024, the High / Low of NRB Bearings Ltd stocks is 402/177.

What is the Stock P/E of NRB Bearings Ltd?

The Stock P/E of NRB Bearings Ltd is 32.9.

What is the Book Value of NRB Bearings Ltd?

The Book Value of NRB Bearings Ltd is 88.7.

What is the Dividend Yield of NRB Bearings Ltd?

The Dividend Yield of NRB Bearings Ltd is 1.54 %.

What is the ROCE of NRB Bearings Ltd?

The ROCE of NRB Bearings Ltd is 14.6 %.

What is the ROE of NRB Bearings Ltd?

The ROE of NRB Bearings Ltd is 12.8 %.

What is the Face Value of NRB Bearings Ltd?

The Face Value of NRB Bearings Ltd is 2.00.

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