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NRB Bearings Ltd.
(NRBBEARING)
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Rating:72Outperform
Price Target:
₹540.00
▲(35.88% Upside)
Action:Reiterated
Date:06/09/26
The score is driven primarily by improving fundamentals (notably lower leverage and solid FY2026 profitability) but is tempered by inconsistent cash-flow conversion and profitability volatility. Technicals add support due to a strong uptrend, though overbought signals increase short-term risk. Valuation is the main drag with a relatively high P/E, partly offset by the dividend yield.
Positive Factors
Resilient Revenue Growth
Multi-year revenue progress and FY2026 growth indicate resilient demand for its bearing products. Continued sales expansion supports operating scale and suggests the business is retaining relevance across automotive and industrial customers.
Negative Factors
Inconsistent Cash Conversion
Uneven free-cash-flow generation means accounting earnings do not consistently translate into cash. Working-capital or reinvestment swings could constrain internally funded growth and make liquidity planning more difficult over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient Revenue Growth
Multi-year revenue progress and FY2026 growth indicate resilient demand for its bearing products. Continued sales expansion supports operating scale and suggests the business is retaining relevance across automotive and industrial customers.
Read all positive factors
NRB Bearings Ltd. (NRBBEARING) vs. iShares MSCI India ETF (INDA)
Market Cap
₹43.36B
Dividend Yield2.54%
Average Volume (3M)28.61K
Price to Earnings (P/E)29.4
Beta (1Y)1.22
Revenue Growth14.37%
EPS Growth70.31%
CountryIN
Employees1,240
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)15.21
Shares Outstanding96,922,600
10 Day Avg. Volume16,778
30 Day Avg. Volume28,608
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)2.18
Price to Sales (P/S)1.57
P/FCF Ratio16.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)15
Revenue Forecast (FY)₹13.28B
NRB Bearings Ltd. Business Overview & Revenue Model
Company Description
NRB Bearings Limited, together with its subsidiaries, manufactures and sells ball and roller bearings for original equipment manufacturers in India and internationally. The company offers a range of friction solutions comprising drawn cup needle b...
How the Company Makes Money
NRB Bearings makes money mainly by selling bearings and bearing-related components manufactured in-house to customers that need high-precision rotating/rolling motion parts. Its core revenue stream is the sale of bearings (notably needle roller be...
NRB Bearings Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
67
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.95B | 13.35B | 11.99B | 10.94B | 10.51B | 9.34B |
| Gross Profit | 5.65B | 5.47B | 5.07B | 6.59B | 6.49B | 4.94B |
| EBITDA | 2.63B | 2.60B | 1.72B | 3.81B | 1.88B | 1.57B |
| Net Income | 1.48B | 1.43B | 794.40M | 2.39B | 939.80M | 732.70M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 13.56B | 13.00B | 12.39B | 12.12B | 10.74B |
| Cash, Cash Equivalents and Short-Term Investments | 666.50M | 756.70M | 904.70M | 793.00M | 989.10M | 777.00M |
| Total Debt | 0.00 | 1.54B | 1.87B | 1.78B | 3.29B | 3.02B |
| Total Liabilities | -9.83B | 3.73B | 3.63B | 3.63B | 5.29B | 4.73B |
| Stockholders Equity | 9.83B | 9.63B | 9.18B | 8.60B | 6.68B | 5.89B |
Cash Flow | ||||||
| Free Cash Flow | 816.50M | 1.28B | -54.50M | 658.10M | 207.30M | -146.60M |
| Operating Cash Flow | 1.25B | 2.33B | 764.50M | 1.15B | 615.20M | 155.80M |
| Investing Cash Flow | -424.60M | -1.20B | -612.10M | 1.02B | -440.20M | -501.90M |
| Financing Cash Flow | -1.03B | -1.31B | -199.20M | -2.22B | -140.20M | 215.70M |
NRB Bearings Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹23.72B | 17.99 | ― | 0.55% | 8.11% | 29.23% | |
72 Outperform | ₹43.36B | 29.45 | ― | 2.54% | 14.37% | 70.31% | |
68 Neutral | ₹619.23B | 49.38 | ― | 0.87% | 19.66% | 23.81% | |
66 Neutral | ₹18.02B | 40.82 | ― | 0.66% | 27.97% | 61.46% | |
65 Neutral | ₹1.58B | 10.54 | ― | 0.98% | 24.00% | 125.67% | |
65 Neutral | ₹54.23B | 16.92 | ― | 1.27% | 20.77% | 4.95% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
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NRB Bearings Ltd. Corporate Events
NRB Bearings Publishes Q1 FY2026-27 Earnings Call Audio for Investors
Aug 10, 2026
NRB Bearings Ltd. has announced that the audio recording of its Q1 FY2026-27 earnings call, held on August 10, 2026, is now available on the company’s website for investors and analysts. The forthcoming publication of the call transcript wil...
NRB Bearings’ FY26 Results Underscore Strategic Pivot to Advanced Friction Solutions
Jul 28, 2026
NRB Bearings reported a robust FY26 performance, highlighting disciplined execution, margin improvement from structural actions, capacity expansion and diversification, and a focus on long-term value creation and sustainable high growth. Consolida...
NRB Bearings Sets Virtual AGM Date and E-Voting Record Cut-Off
Jul 7, 2026
NRB Bearings Ltd. has scheduled its 61st Annual General Meeting for July 29, 2026 at 3:00 p.m. IST, to be conducted via video conferencing or other audio-visual means in line with current corporate governance and regulatory guidelines. The company...
NRB Bearings Sets July 29 Virtual AGM, Seeks Nod for INR 200 Crore Group Funding Window
Jul 6, 2026
NRB Bearings Ltd. has convened its 61st Annual General Meeting for July 29, 2026, to be conducted via video conferencing and other audio-visual means in line with Ministry of Corporate Affairs guidance. The AGM notice, forming part of the 2025-26 ...
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.