NRB Bearings Limited

NRB Bearings Limited

NRBBEARING.NS
NRB Bearings LimitedIN flagNational Stock Exchange of India
428.95
INR
+6.30
- -
41.57BMarket Cap
NRB Bearings Limited
NRBBEARING.NS
(National Stock Exchange of India)

Recent

price

428.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
49.48
57.78
61.04
62.68
69.16
69.64
74.29
87.49
98.01
79.02
77.41
94.78
106.81
110.62
121.45
- -
137.68
Revenue per Share
5.52
5.15
4.87
3.4
5.49
4.33
5.33
9.36
11.17
3.31
5.58
7.56
9.7
24.7
8.2
- -
14.72
Basic EPS, GAAP
0.49
-6.07
-6
1.05
4.86
7.5
5.94
9.7
-2.37
3.77
12.55
-1.47
2.06
6.79
0.18
- -
- -
Free Cash Flow per Basic Share
1
2
2
1.7
1.1
2.9
1.36
0.01
1.2
3.48
- -
0.34
1.36
3.5
0.12
- -
- -
Dividend per Share
6.03
8.15
10.16
11.16
14.69
14.63
17.1
23.56
33.28
32.16
38.1
45.21
52.9
72.67
78.29
- -
82.69
Book Value per Share
21.17
24.08
20.47
22.72
26.39
27.76
31.83
39.66
49.39
48
54.24
61.61
69.96
89.91
96.31
- -
101.04
Tangible Book Value per Share
97
97
97
97
97
97
97
97
97
97
97
97
97
97
97
- -
97
Basic Weighted Avg Shares
4,796
5,600
5,916
6,075
6,703
6,749
7,200
8,479
9,499
7,659
7,502
9,186
10,352
10,721
11,772
13,130
13,352
Sales/Revenue/Turnover
17.64
15.09
12.99
11.12
14.71
11.9
12.7
16.31
15.87
7.24
10.2
12.02
13.1
12.57
12.88
13.5
13.14
Operating Margin (%)
240
293
321
356
310
319
323
310
353
333
307
372
408
433
476
570
570
Depreciation Expense
535
499
472
330
532
420
516
907
1,082
321
541
733
940
2,394
794
1,428
1,428
Net Income, GAAP
32.89
30.64
17.5
34.95
31.18
32.42
29.56
31.34
30.04
29.13
16.15
25.54
24.66
23.54
27.36
25.01
25.01
Effective Tax Rate (%)
11.16
8.91
7.98
5.43
7.94
6.22
7.17
10.7
11.39
4.19
7.21
7.98
9.08
22.33
6.75
10.87
10.69
Profit Margin (%)
667
1,297
425
420
895
317
1,182
1,468
1,887
1,274
2,120
2,486
3,159
4,770
4,791
4,477
4,477
Working Capital
508
1,694
959
968
1,008
615
1,073
688
829
738
897
673
707
298
8
17
17
LT Debt
2,069
2,346
1,996
2,215
2,571
2,704
3,095
3,857
4,799
4,664
5,289
6,017
6,824
8,760
9,365
9,830
9,830
Total Equity
19.45
14.8
13.5
9.18
13.04
9.88
11.62
16.74
16.14
5.18
8.29
10.01
10.93
10.23
10.31
11.93
11.8
Return on Invested Capital (%)
26.91
23.6
18
11.8
15.83
11.66
13.73
21.58
21.98
7
10.61
11.98
13.22
28.97
9.06
15.07
15.08
Return on Capital (%)
48.34
72.66
53.18
31.92
42.48
29.56
33.59
46.05
39.29
10.12
15.88
18.15
19.77
39.34
10.86
18.29
18.29
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,322
- -
1,522
LT Borrowings
- -
- -
- -
LT Finance Leases
4
- -
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
97
- -
97
Market Capitalization
27,660
26,241
20,967

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
8,152
- -
8,034
Cash, Cash Equivalents & STI
724
- -
666
Accounts Receivable, Net
2,297
- -
2,442
Inventories
4,649
- -
4,337
Total Current Liabilities
3,376
- -
3,557
Payables & Accruals
- -
- -
- -
ST Debt
1,322
- -
1,522
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.15%
13.48%
4.97%
Free Cash Flow
717.01%
1,455.71%
7,498.88%
Net Income, GAAP
34.75%
46.29%
79.7%
Sales/Revenue/Turnover
7.51%
12.01%
11.54%
Total Cash Common Dividend
4,251.54%
3,879.66%
8,170.09%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,720
2,790
2,584
2,627
10,721
2025
2,893
3,015
2,785
3,293
11,772
2026
3,100
3,252
3,279
3,720
13,130

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.91
2.48
17.09
- -
24.7
2025
2.57
3.64
2.2
-0.21
8.2
2026
3.31
4.19
2.95
4.27
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.5
2025
- -
- -
- -
- -
0.12
2026
- -
- -
- -
- -
- -
Business
NRB Bearings Limited, founded in 1965 and headquartered in Mumbai, India, manufactures and sells a comprehensive range of high-precision ball and roller bearings, including needle roller bearings, cylindrical roller bearings, drawn cup needle and cylindrical bearings, tapered and spherical roller bearings, thrust and combined bearings, special ball bearings, rocker-arm bearings, full-complement needle bearings, polyamide and steel needle cages, planetary shafts, crank pins, and other custom friction solutions for automotive and industrial applications; the company serves original equipment manufacturers in two- and three-wheelers, passenger vehicles, trucks, commercial vehicles, tractors, agriculture, off-highway construction equipment, defense, and aftermarket segments, with key customers such as Hero MotoCorp, Honda, TVS, Maruti Suzuki, Mahindra, Daimler, Volvo, Renault, Stellantis, and JCB, and exports to over 45 countries including the United States, Germany, Sweden, Thailand, and Australia through manufacturing facilities in India and Thailand, as well as subsidiaries SNL Bearings Limited, NRB Bearings (Thailand) Limited, NRB Bearings Europe GmbH, and NRB US Inc. NRB maintains eight manufacturing plants across India, including facilities in Thane, Aurangabad, Waluj, and Jalna, and a 40,000 sq ft world-class R&D center in Turbhe, Navi Mumbai, with over 70 engineers focused on application engineering, CAE, prototyping, testing, light-weighting, noise reduction, and EV/hybrid innovations. Recent developments include a Rs 200 crore investment announced in 2025 for manufacturing and R&D expansion targeting EV, hybrid, and ICE platforms; a joint venture in December 2025 with Italy's Unitec Group (Mondial Group) to produce cylindrical roller bearings at a new LEED-certified plant in Hyderabad, with Unitec providing technology and off-take for 20% output; acquisition of a 99% stake in Sahney Bearings Private Limited in October 2025 for Rs 1 lakh to enter new auto components opportunities; and strategic acquisitions of NRB Thailand and marketing subsidiaries by NRB Holdings in 2023, alongside a new industrial sector strategy unveiled in 2025.