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NRB Bearings Ltd.
(NRBBEARING)
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Rating:72Outperform
Price Target:
₹505.00
▲(27.08% Upside)
Action:Reiterated
Date:09/19/26
The score is driven primarily by improving fundamentals (notably lower leverage and solid FY2026 profitability) and a strong upward price trend. This is tempered by valuation (P/E ~34.5) and historical volatility in margins and free cash flow, which reduces confidence in earnings/cash-flow consistency.
Positive Factors
Steady Revenue and Profit Growth
Steady revenue growth indicates resilient demand for NRB Bearings’ products across its automotive and industrial markets. The combination of higher sales and solid FY2026 profitability provides a stronger earnings base, supporting continued investment and reinforcing the company’s operating position over the next several quarters.
Negative Factors
Inconsistent Free Cash Flow
Although cash generation improved in FY2026, the history of negative free cash flow shows that earnings do not consistently translate into available cash. Such variability can reflect changing working-capital or reinvestment needs, making funding capacity less predictable and potentially limiting flexibility during weaker operating periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue and Profit Growth
Steady revenue growth indicates resilient demand for NRB Bearings’ products across its automotive and industrial markets. The combination of higher sales and solid FY2026 profitability provides a stronger earnings base, supporting continued investment and reinforcing the company’s operating position over the next several quarters.
Read all positive factors
NRB Bearings Ltd. (NRBBEARING) vs. iShares MSCI India ETF (INDA)
Market Cap
₹44.13B
Dividend Yield2.7%
Average Volume (3M)40.19K
Price to Earnings (P/E)29.9
Beta (1Y)1.07
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. Volume26,322
30 Day Avg. Volume40,194
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)15.3
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. Technical Analysis
Neutral
397.40
Price Trends
492.86
Negative
461.50
Negative
371.33
Positive
Market Momentum
-15.37
Positive
37.82
Neutral
29.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NRBBEARING, the sentiment is Neutral. The current price of 397.4 is below the 20-day moving average (MA) of 494.66, below the 50-day MA of 492.86, and above the 200-day MA of 371.33, indicating a neutral trend. The MACD of -15.37 indicates Positive momentum. The RSI at 37.82 is Neutral, neither overbought nor oversold. The STOCH value of 29.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:NRBBEARING.
NRB Bearings Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹44.13B | 29.95 | ― | 2.70% | 14.37% | 70.31% | |
68 Neutral | ₹550.74B | 42.13 | ― | 0.99% | 22.67% | 23.28% | |
66 Neutral | ₹14.12B | 32.19 | ― | 0.80% | 40.60% | 90.07% | |
65 Neutral | ₹53.61B | 16.72 | ― | 1.31% | 20.77% | 4.95% | |
59 Neutral | ₹23.97B | 16.56 | ― | 0.54% | 23.06% | 38.22% | |
56 Neutral | ₹1.48B | 9.90 | ― | 1.04% | 24.00% | 125.67% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:NRBBEARING
NRB Bearings Ltd.
455.30
190.49
71.94%
IN:BHARATGEAR
Bharat Gears Limited
96.50
-12.11
-11.15%
IN:GNA
GNA Axles Ltd
558.40
242.32
76.66%
IN:LGBBROSLTD
L.G. Balakrishnan & Bros Ltd.
1,681.05
297.81
21.53%
IN:MENONBE
Menon Bearings Limited
251.90
135.58
116.55%
IN:SCHAEFFLER
Schaeffler India Ltd
3,523.55
-370.96
-9.53%
NRB Bearings Ltd. Corporate Events
NRB Bearings Schedules Q2 FY27 Earnings Call for November 5
Oct 29, 2026
NRB Bearings Limited is a leading manufacturer of cylindrical and needle roller bearings, supplying a broad range of friction solutions to the automotive and industrial sectors. The company focuses on providing precision components that support ve...
NRB Bearings Clarifies Surge in Share Trading Volume, Reaffirms SEBI Compliance
Sep 22, 2026
NRB Bearings Ltd., a leading supplier of needle roller bearings and other precision components to automotive and industrial customers, serves both original equipment manufacturers and the replacement market in India and overseas. The company’...
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...
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.