Hello friends, welcome to today’s article. In this article, we are going to present to you a company whose share price is around INR 1.5 and according to experts, this share has the potential to increase 20 times. Let’s take a closer look and discuss it in detail
Today, we will be discussing NRB Bearings, established in 1965, has been at the forefront of needle roller bearing manufacturing in India. Their bearings are vital components for over 90% of vehicles on Indian roads. the company specializes in the production of ball and roller bearings, catering to the automotive sector and various other mobility applications. A Trailblazer in Needle Roller Bearings NRB Bearings holds the distinction of being the pioneering force behind needle roller bearing production in India. With a history spanning over six decades, the company has continuously advanced bearing technology, providing a diverse range of high-precision friction solutions for the automotive industry and other mobility applications.
Let’s explore the fundamentals of the NRB Bearings Ltd
| Market Cap | ₹1,381 Cr. |
| Current Price | ₹142 |
| High / Low | ₹186 / ₹108 |
| Stock P/E | 16.6 |
| Book Value | ₹62.6 |
| Dividend Yield | 1.37% |
| ROCE | 14.8% |
| ROE | 13.7% |
| Face Value | ₹2.00 |
| Profit after tax | ₹82.6 Cr. |
| ROE 3Yr | 10.8% |
| Return on equity | 13.7% |
| Promoter holding | 50.1% |
| EVEBITDA | 8.94 |
| Profit growth | -4.57% |
| Industry PE | 20.2 |
| Return over 3 years | 31.7% |
| Profit Var 3Yrs | -7.70% |
| Debt | ₹258 Cr. |
| Debt to equity | 0.43 |
Expanding Product Portfolio NRB Bearings excels in the manufacturing of needle roller bearings, conventional cylindrical roller bearings, and a new generation of lightweight drawn cup bearings. Additionally, they produce planetary shafts, crank pins, and kingpins, further diversifying their product offerings.
Dominant Market Share NRB Bearings has established strong client relationships and leveraged their promoters’ extensive experience, along with in-house research and development capabilities. These factors have propelled NRB Bearings to capture an impressive 60% market share in the needle bearing industry in India.
Shareholding Pattern
| Holdings | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 48.76 | 49.05 | 49.52 | 49.62 | 49.62 | 49.82 | 49.82 | 49.85 | 49.86 | 49.86 | 49.90 | 50.11 |
| FIIs + | 19.39 | 18.77 | 19.05 | 20.14 | 22.67 | 22.58 | 23.00 | 21.90 | 21.50 | 21.52 | 21.32 | 21.29 |
| DIIs + | 19.84 | 18.28 | 14.84 | 13.72 | 11.89 | 11.90 | 11.81 | 11.60 | 11.61 | 11.87 | 11.76 | 11.49 |
| Public + | 12.00 | 13.90 | 16.59 | 16.51 | 15.81 | 15.70 | 15.37 | 16.65 | 17.04 | 16.75 | 17.02 | 17.11 |
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