BSE:535458

Stock Analysis Report

NRB Industrial Bearings

Executive Summary

NRB Industrial Bearings Limited manufactures and sells ball and roller bearings for industrial applications in India.

Snowflake

Fundamentals

Imperfect balance sheet with weak fundamentals.

Risks

  • NRB Industrial Bearings has significant price volatility in the past 3 months.
  • NRB Industrial Bearings is not covered by any analysts.

Share Price & News

How has NRB Industrial Bearings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-14.0%

BSE:535458

-1.9%

IN Machinery

-0.7%

IN Market


1 Year Return

-76.1%

BSE:535458

-26.4%

IN Machinery

-12.1%

IN Market

535458 underperformed the Machinery industry which returned -26.3% over the past year.

535458 underperformed the Market in India which returned -12.1% over the past year.


Share holder returns

535458IndustryMarket
7 Day-14.0%-1.9%-0.7%
30 Day-20.9%-11.4%-4.6%
90 Day-63.5%-13.0%-4.3%
1 Year-76.1%-76.1%-25.2%-26.4%-10.3%-12.1%
3 Year-84.6%-84.6%-3.9%-7.4%18.9%12.8%
5 Year-62.9%-62.9%37.0%29.4%37.6%24.7%

Price Volatility Vs. Market

How volatile is NRB Industrial Bearings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is NRB Industrial Bearings undervalued based on future cash flows and its price relative to the stock market?


In this section, we usually try to help investors determine whether NRB Industrial Bearings is trading at an attractive price based on the cash flow it is expected to produce in the future. But as NRB Industrial Bearings has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

Future Growth

How is NRB Industrial Bearings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.8%

Forecasted Machinery industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NRB Industrial Bearings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has NRB Industrial Bearings performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

NRB Industrial Bearings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare NRB Industrial Bearings's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare NRB Industrial Bearings's 1-year growth to the IN Machinery industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if NRB Industrial Bearings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if NRB Industrial Bearings has efficiently used its assets last year compared to the IN Machinery industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if NRB Industrial Bearings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is NRB Industrial Bearings's financial position?


Financial Position Analysis

NRB Industrial Bearings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

NRB Industrial Bearings's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

NRB Industrial Bearings has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if NRB Industrial Bearings's debt level has increased considering it has negative shareholder equity.


Balance Sheet

High level of physical assets or inventory.

NRB Industrial Bearings has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Whilst loss making NRB Industrial Bearings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making NRB Industrial Bearings has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 3% per year.


Next Steps

Dividend

What is NRB Industrial Bearings's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate NRB Industrial Bearings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate NRB Industrial Bearings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as NRB Industrial Bearings has not reported any payouts.

Unable to verify if NRB Industrial Bearings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as NRB Industrial Bearings has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of NRB Industrial Bearings's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average board tenure


CEO

Devesh Sahney (51yo)

Mr. Devesh Singh Sahney, BBA (UK), MBA, is the Chairman at NRB Industrial Bearings Limited since November 2018. Mr. Sahney serves as Managing Director at NRB Industrial Bearings Limited and has been its Ex ...


CEO Compensation Analysis

Devesh's remuneration is lower than average for companies of similar size in India.

Insufficient data for Devesh to compare compensation growth.


Board Age and Tenure

2.3yrs

Average Tenure

The average tenure for the NRB Industrial Bearings board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buy₹395,63528 Sep 18
Devesh Sahney
EntityIndividual
Role
MD & Chairman
Chairman of the Board
Shares14,547
Max Price₹27.20
Sell₹423,19424 Sep 18
Devesh Sahney
EntityIndividual
Role
MD & Chairman
Chairman of the Board
Shares15,453
Max Price₹27.39

Ownership Breakdown


Management Team

  • Devesh Sahney (51yo)

    MD & Chairman

  • Ratnakar Mehendale

    CFO and GM of Finance & Accounts

    • Compensation: 3.60m
  • Ratika Gandhi

    Company Secretary & Compliance Officer

    • Tenure: 3.4yrs
    • Compensation: 833.60k

Board Members

  • Manish Choksi (52yo)

    Independent Director

    • Tenure: 5.3yrs
  • Devesh Sahney (51yo)

    MD & Chairman

    • Tenure: 0.8yrs
  • Gaurav Motwane

    Independent Director

    • Tenure: 3.8yrs
  • Nikhilesh Panchal

    Additional Non-Executive & Independent Director

    • Tenure: 0.5yrs

Company Information

NRB Industrial Bearings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NRB Industrial Bearings Limited
  • Ticker: 535458
  • Exchange: BSE
  • Founded: 2011
  • Industry: industrial machinery
  • Sector: capital goods
  • Market Cap: ₹161.861m
  • Shares outstanding: 24.23m
  • Website: Click here

Number of Employees


Location

  • NRB Industrial Bearings Limited
  • Dhannur, 15
  • 2nd Flooor
  • Mumbai
  • Maharashtra
  • 400001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
535458BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2013
NIBLNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2013

Biography

NRB Industrial Bearings Limited manufactures and sells ball and roller bearings for industrial applications in India. The company offers deep groove ball bearings, wide inner ring ball bearings and housed  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 13:00
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.