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NRB Bearings Ltd share Price Today

Company details

312.20
318.45
143.90
401.55
6M Return 17.57%
1Y Return 120.40%
Mkt Cap.(Cr) 3,057.92
Volume 89,450
Div Yield 0.32%
OI
-
OI Chg %
-
Volume 89,450

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NRB Bearings Ltd shares SWOT Analysis

Strengths (11)

  • Strong Annual EPS Growth
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (6)

  • MACD Crossover Below Signal Line
  • MFs decreased their shareholding last quarter
  • Decline in Quarterly Net Profit (YoY)

Opportunity (2)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • Highest Recovery from 52 Week Low

Threats (0)

Data not found

Resistance and support

R1 318.9
R2 322.1
R3 326.3
Pivot

314.67

S1 311.4
S2 307.2
S3 304.0
EMA SMA
324.2
317.0
310.8
289.1
321.7
307.4
323.5
297.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
JAINAM BROKING LIMITED Bulk Purchase 2023-09-06 270.92 616594 NSE
ACACIA CONSERVATION FUND LP Bulk Sell 2023-09-06 271.29 1263200 NSE
ACACIA INSTITUTIONAL PARTNERS, L.P Bulk Sell 2023-09-06 270.19 700000 BSE
Name Category Shares
Devesh Singh Sahney PROMOTER 0.88%
Anupa Rajiv Sahney PROMOTER 0.8%
Trilochan Santsingh Sahney 1 PROMOTER 34.88%
Harshbeena S Zaveri PROMOTER 11.83%
Aziz Yousuf Zaveri PROMOTER 1.5%

OUR RESEARCH VIEW

Investment recommendation
Call Date
30 Dec 2021
Entry Price 160.00
Target Price 220.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

NRB Bearings Ltd Stocks COMPARISON

Financials( in Cr) NRB Bearings Ltd Schaeffler India Ltd Timken India Ltd SKF India Ltd Menon Bearings Ltd
Price 315.50 4,360.00 3,966.00 6,030.55 119.25
% Change -0.05 -2.71 0.56 -3.93 -1.45
Mcap Cr 3,057.92 68,148.54 29,831.86 29,813.83 668.28
Revenue TTM Cr 1,057.16 7,250.91 2,806.61 4,304.92 219.36
Net Profit TTM Cr 96.15 899.02 390.75 524.88 32.60
PE TTM 31.80 77.47 75.65 56.20 27.80
1 Year Return 120.40 53.89 24.48 36.87 -11.34
ROCE 14.39 26.40 27.04 33.95 32.15
ROE 13.67 19.78 21.16 24.83 26.67
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 667.76 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 38,211.58 -20,152.87
LAST 3M 113,440.41 -31,179.37
LAST 6M 172,266.38 32,742.67
LAST 12M 272,035.18 123,918.17
NRB Bearing Limited - Copy of Newspaper Publication

May 29, 2024 l NSE Announcement

NRB Bearing Limited - Outcome of Board Meeting

May 28, 2024 l NSE Announcement

Board Meeting for Today

May 27, 2024 l Board Meetings for Today

Date Action Type Ratio
Sep 22, 2023 Dividend 50
Jun 09, 2023 Dividend 205
Sep 07, 2022 Dividend 100

NRB Bearings Ltd Information

Stock PE (TTM)
31.8
Promoter Holding
50.69%
Book Value
88.7218
ROCE
14.39%
ROE
13.67%
Description
  • NRB Bearings, an Indo-French JV venture between Nadella, France and Trilochan Sahney is into manufacture of Needle roller bearings, Cylindrical roller bearings and Ball bearings. It pioneered the manufacture of needle roller bearings in India. The French partner holds 26% stake in the company. The Timken Co. USA in Oct 2002 which has acquired Engineered Solutions Business segment of Ingersoll-Rand Ltd as part of world wide acquisition. By this worldwide acquisition Timken got the voting rights of Nadella S.A. the JV partner thus resulting in Timken picking up a default acquisition of 26% equity stke in NRB Bearings. The company`s activities are organised into three divisions -- general bearings, needle bearings and agency. The general bearings division set up in 1982 manufactures cylindrical roller bearings. It later diversified into spherical roller bearings and ball bearings in technical collaboration with Ransome Hoffman Pollard International (RHP), UK. In 1995, its product range was diversified again by including taper roller bearings with technical knowhow from SNR Roulements, France. In Apr.`91, Sahney Steel and Press Works was merged with it. NRB`s list of customers include Maruti Udyog, Mahindra & Mahindra, Telco, Ashok Leyland, Bajaj Tempo, Bajaj Auto, LML, TAFE, Siemens, ABB, HMT, Kelvinator, Lucas TVS and LMW. The company`s agency division, set up in 1980, acts as an intermediary for a number of foreign companies in UK, France, Germany and Switzerland such as RHP, Gamet, Nadella, Rollix, IBC, Rohm, Schneeberger, Kugler SA and Forsheda. NRB Bearings came out with a public issue in Mar.`95 to finance the installation of balancing equipment at its Jalna unit to increase productivity. The company has set up an engineering center at Thane to foster technological innovation and to move towards becoming a bearings solution provider. To further develop knowledge on bearing applications, the full fledged testing facilities and computer aided design center has been setup. The company has implemented expansion for enhanced capacity in the general bearings division, which has resulted in additional capacity of 2.1 million nos. for various type of ball and roller bearings in the year 1999-2000. The Company have a joint vernture comany and two subsidiary companies. The jointventure company NRB Torrington is set up in collaboration with the Torrington Company, US. to manufacture wide inner ring ball bearings and housed units. Commercial production of this company started during the year 1994-95. Essen Marketing Services Ltd., one of the subsidiary of the company is into agency business. While the other SNL Bearings(SNL) formerly Shriram Needle Bearing Industries Ltd., is into manufacture of Needle Roller Bearings. SNL became the subsidiary of NRB Bearings with effective from June 1, 2001 by the acquisition of 63.98% of the equity capital of SNL partly from SRF Ltd. and their associates (45.78%) and under the public offer made under SEBI guidelines. Currently the parent company is taking various measures for SNL`s turnaround. This acquisition will enable the company to become significantly stronger player in the needle bearing segment in the country. On quality front all the plants of the company and its corporate office is accredited with QS-9000 certificate by TUV, the internationally acclaimed registrars. Earlier the company and all its plants have been certified for ISO-9002. The Pantnagar plant of the company in the state of Uttarakhand was inaugaurated on 7th May, 2008. During FY 2012-13, the Scheme of arrangement for the demerger of industrial bearings undertaking of the Company into NRB Industrial Bearings Limited (NIBL) became effective from 1st October, 2012. Consequent to the said Scheme of amalgamation, all the assets and liabilities relating to industrial bearings business of the Company on the appointed date got transferred to NIBL on a going concern basis. Upon the Scheme of Arrangement becoming effective from 1st October, 2012, NRB Industrial Bearings Ltd (NIBL) and Scheneeberger India Pvt. Ltd. have ceased to be a subsidiary and joint venture company respectively. NRB Bearings Europe GmbH, a wholly owned subsidiary was set up during the year 2014-15.

Registered Address

Dhannur, 15 Sir P M Road Fort, Mumbai, Maharashtra, 400001

Tel : 91-22-22664160/22664998
Email : investorcare:nrbbearings.co.in
Website : http://www.nrbbearings.com
Registrar

Universal Capital Sec. Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 530367
NSE Code : NRBBEARING
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE349A01021

FAQ’s on NRB Bearings Ltd Shares

You can buy NRB Bearings Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy NRB Bearings Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 30, 2024 02:49 PM the closing price of NRB Bearings Ltd was Rs.315.50.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 30, 2024 02:49 PM, the market cap of NRB Bearings Ltd stood at Rs. 3,057.92.

The latest PE ratio of NRB Bearings Ltd as of May 30, 2024 02:49 PM is 31.80

The latest PB ratio of NRB Bearings Ltd as of May 30, 2024 02:49 PM is 0.28

The 52-week high of NRB Bearings Ltd share price is Rs. 401.55 while the 52-week low is Rs. 143.90

According to analyst recommendations, NRB Bearings Ltd Share has a "Buy" rating for the long term.

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