NRB Industrial Bearings Ltd. (NIBL) AI Stock Analysis

NRB Industrial Bearings Ltd.

(NSE:NIBL)

Select Model

Rating:41Neutral

Price Target:INR 28.00▼(-5.72% Downside)

Action:upgraded

Date:09/23/26

Low score primarily due to weak financial performance with negative equity and earnings volatility, further pressured by poor valuation from negative P/E; neutral technicals offer minimal offset.

Positive Factors

Diversified End MarketsServing both automotive and industrial machinery customers gives the company exposure to more than one application area. This broader end-market presence can support a more resilient customer base and reduce reliance on a single sector over the next several quarters.

Negative Factors

Negative and Deteriorating EquityNegative equity is a severe balance-sheet weakness because liabilities exceed the recorded asset base. Its further deterioration to roughly -551M reduces financial resilience, complicates access to funding, and leaves the company less able to absorb operating setbacks over the coming quarters.

NRB Industrial Bearings Ltd. (NIBL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 717.47M
Dividend Yield: ―
Average Volume (3M): 3,378
Price to Earnings (P/E): -2.3
Beta (1Y): 0.99
Revenue Growth: 14.63%
EPS Growth: -238.37%
Country: India
Employees: 282
Sector: General
Sector Strength: 55
Industry: Manufacturing - Tools & Accessories

NRB Industrial Bearings Ltd. Business Overview & Revenue Model

Company Description

NRB Industrial Bearings Ltd. engages in the manufacture and sale of industrial bearings. Its products include angular contact ball bearings, cam followers, bottom roller bearings, wide inner ring ball bearings, cylindrical roller bearings, spherical...

NRB Industrial Bearings Ltd. Financial Statement Overview

Summary

Severe financial strain with negative equity at -551 million, rising debt to 1.38 billion, volatile revenues, frequent losses, and inconsistent cash flows signaling high solvency and operational risks.

Income Statement

20Very Negative

Balance Sheet

10Very Negative

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	759.75M	756.20M	637.42M	719.21M	800.17M	687.66M
Gross Profit	86.58M	97.58M	57.36M	339.55M	90.95M	79.26M
EBITDA	-88.79M	-102.36M	392.90M	-68.61M	59.25M	72.06M
Net Income	-309.66M	-294.60M	186.38M	-259.97M	-128.90M	-100.96M
Balance Sheet
Total Assets	0	1.21B	1.27B	1.07B	1.19B	1.24B
Cash, Cash Equivalents and Short-Term Investments	288.49M	288.49M	220.34M	931.00K	1.65M	58.91M
Total Debt	0	1.38B	1.21B	1.15B	1.12B	1.14B
Total Liabilities	551.21M	1.76B	1.51B	1.47B	1.37B	1.34B
Stockholders Equity	-551.21M	-551.21M	-237.49M	-407.10M	-181.26M	-91.61M
Cash Flow
Free Cash Flow	-12.84M	-104.29M	0	32.71M	23.57M	-31.48M
Operating Cash Flow	6.35M	-62.08M	-221.47M	37.84M	37.50M	-8.38M
Investing Cash Flow	-14.97M	-3.43M	258.23M	-2.17M	-17.65M	-21.05M
Financing Cash Flow	5.75M	48.62M	-19.01M	-36.39M	-76.62M	45.82M

NRB Industrial Bearings Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price29.70

Price Trends

50DMA31.17Negative

100DMA31.91Negative

200DMA31.31Negative

Market Momentum

MACD-0.58Positive

RSI44.73Neutral

STOCH52.66Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NIBL, the sentiment is Negative. The current price of 29.70 is below the 20-day moving average (MA) of 30.44, below the 50-day MA of 31.17, and below the 200-day MA of 31.31, indicating a bearish trend. The MACD of -0.58 indicates Positive momentum. The RSI at 44.73 is Neutral, neither overbought nor oversold. The STOCH value of 52.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NIBL.

NRB Industrial Bearings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:NIBL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:TIMKEN	69Neutral	INR 214.53B	47.31	―	0.17%	18.97%	-0.31%
IN:HARSHA	65Neutral	INR 37.75B	24.38	―	0.36%	20.22%	69.59%
IN:SKFINDIA	65Neutral	INR 68.90B	32.92	―	2.88%	-38.60%	-60.08%
IN:STERTOOLS	56Neutral	INR 7.25B	59.95	―	2.66%	-9.28%	-46.61%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:RKFORGE	54Neutral	INR 117.71B	109.83	―	0.15%	25.19%	-38.28%
IN:NIBL	41Neutral	INR 719.65M	-2.34	―	―	14.63%	-238.37%

* General Sector Average

Performance Comparison

IN:NIBL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:NIBL	NRB Industrial Bearings Ltd.	29.70	0.15	0.51%
IN:HARSHA	Harsha Engineers International Ltd.	414.60	12.25	3.05%
IN:RKFORGE	Ramkrishna Forgings Ltd	646.15	104.87	19.37%
IN:SKFINDIA	SKF India Limited	1393.70	-683.40	-32.90%
IN:STERTOOLS	Sterling Tools Limited	199.40	-104.37	-34.36%
IN:TIMKEN	Timken India Limited	2852.10	-204.93	-6.70%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 23, 2026

NRB Industrial Bearings Ltd. AI Stock Analysis