NSEI:NRBBEARING

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Executive Summary

NRB Bearings Limited engages in the manufacture and sale of ball and roller bearings to original equipment manufacturers in India and internationally. More Details


Snowflake Analysis

Adequate balance sheet with poor track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: NRBBEARING's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.9%

NRBBEARING

0.3%

IN Machinery

-0.6%

IN Market


1 Year Return

-35.1%

NRBBEARING

-6.0%

IN Machinery

2.2%

IN Market

Return vs Industry: NRBBEARING underperformed the Indian Machinery industry which returned -6% over the past year.

Return vs Market: NRBBEARING underperformed the Indian Market which returned 2.2% over the past year.


Shareholder returns

NRBBEARINGIndustryMarket
7 Day-2.9%0.3%-0.6%
30 Day-14.4%-6.8%0.2%
90 Day-13.8%7.2%6.7%
1 Year-34.5%-35.1%-4.4%-6.0%3.9%2.2%
3 Year-46.2%-48.8%-21.6%-25.1%2.6%-2.4%
5 Year-45.9%-49.8%2.4%-4.2%41.3%30.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is NRB Bearings undervalued compared to its fair value and its price relative to the market?

100.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NRBBEARING (₹67.95) is trading above our estimate of fair value (₹41.52)

Significantly Below Fair Value: NRBBEARING is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NRBBEARING is poor value based on its PE Ratio (100.3x) compared to the IN Machinery industry average (19x).

PE vs Market: NRBBEARING is poor value based on its PE Ratio (100.3x) compared to the Indian market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NRBBEARING's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NRBBEARING is overvalued based on its PB Ratio (1.4x) compared to the IN Machinery industry average (1.1x).


Next Steps

Future Growth

How is NRB Bearings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

23.6%

Forecasted Capital Goods 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 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 Bearings performed over the past 5 years?

-0.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NRBBEARING has high quality earnings.

Growing Profit Margin: NRBBEARING's current net profit margins (1%) are lower than last year (8.8%).


Past Earnings Growth Analysis

Earnings Trend: NRBBEARING's earnings have declined by 0.6% per year over the past 5 years.

Accelerating Growth: NRBBEARING's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NRBBEARING had negative earnings growth (-92%) over the past year, making it difficult to compare to the Machinery industry average (-18.8%).


Return on Equity

High ROE: NRBBEARING's Return on Equity (1.5%) is considered low.


Next Steps

Financial Health

How is NRB Bearings's financial position?


Financial Position Analysis

Short Term Liabilities: NRBBEARING's short term assets (₹5.5B) exceed its short term liabilities (₹4.3B).

Long Term Liabilities: NRBBEARING's short term assets (₹5.5B) exceed its long term liabilities (₹906.7M).


Debt to Equity History and Analysis

Debt Level: NRBBEARING's debt to equity ratio (67.8%) is considered high.

Reducing Debt: NRBBEARING's debt to equity ratio has reduced from 122.5% to 67.8% over the past 5 years.

Debt Coverage: NRBBEARING's debt is well covered by operating cash flow (32.3%).

Interest Coverage: NRBBEARING's interest payments on its debt are not well covered by EBIT (0.4x coverage).


Balance Sheet


Next Steps

Dividend

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

1.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NRBBEARING's dividend (1.18%) is higher than the bottom 25% of dividend payers in the Indian market (0.57%).

High Dividend: NRBBEARING's dividend (1.18%) is low compared to the top 25% of dividend payers in the Indian market (2.29%).


Stability and Growth of Payments

Stable Dividend: NRBBEARING's dividend payments have been volatile in the past 10 years.

Growing Dividend: NRBBEARING's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (118.2%), NRBBEARING's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Harshbeena Zaveri (60 yo)

10yrs

Tenure

₹55,082,314

Compensation

Ms. Harshbeena Sahney Zaveri, B.Com., C.A., C.P.A., A.B (USA), serves as Additional Non-Executive & Independent Director at National Peroxide Limited since March 31, 2020. She has been Vice Chairman of NRB ...


CEO Compensation Analysis

Compensation vs Market: Harshbeena's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD56.07K).

Compensation vs Earnings: Harshbeena's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Harshbeena Zaveri
Vice Chairman10yrs₹55.08m11.04%
₹ 726.3m
Satish Rangani
Senior VP8yrs₹13.67m0.0093%
₹ 611.4k
Shruti Joshi
Compliance Officer2.17yrs₹4.48m0.000010%
₹ 658.1
Arvinder Singh Gurmukh Kohli
Vice President of Technologyno data₹1.12mno data
Herman Kamping
Vice President of International Business Development13.33yrs₹10.32mno data
Shibu Warrier
Chief Human Resource Officer1.75yrsno datano data
Sanjeev Parida
Senior Vice President of HRno datano datano data
Prakash Banait
Head of Application Engineeringno datano datano data
Kishore Ochani
Chief Operating Officer of International Business0.83yrno datano data
S. Singhi
Vice President of Personnel29.25yrs₹3.78mno data

2.2yrs

Average Tenure

64yo

Average Age

Experienced Management: NRBBEARING's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Harshbeena Zaveri
Vice Chairman10yrs₹55.08m11.04%
₹ 726.3m
Satish Rangani
Senior VP8yrs₹13.67m0.0093%
₹ 611.4k
Ashank Desai
Non-Executive Independent Director4.58yrs₹760.00kno data
Devesh Sahney
Non-Executive Non Independent Director19.42yrs₹420.00k0.88%
₹ 57.7m
Tashwinder Singh
Independent Chairman of the Board1.17yrs₹1.08mno data
Rajesh Vishakha
Non Executive Independent Director1.92yrs₹550.00kno data
Rustom Desai
Non Executive Independent Director3.75yrs₹530.00kno data

4.4yrs

Average Tenure

56yo

Average Age

Experienced Board: NRBBEARING's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NRBBEARING insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: NRB Bearings Limited
  • Ticker: NRBBEARING
  • Exchange: NSEI
  • Founded: 1965
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ₹6.581b
  • Shares outstanding: 96.92m
  • Website: https://www.nrbbearings.com

Location

  • NRB Bearings Limited
  • Dhannur, 15
  • Sir P.M Road
  • Mumbai
  • Maharashtra
  • 400001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
530367BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2000
NRBBEARINGNSEI (National Stock Exchange of India)YesEquity SharesININRMar 2000

Biography

NRB Bearings Limited engages in the manufacture and sale of ball and roller bearings to original equipment manufacturers in India and internationally. The company offers a range of high-precision friction ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 12:46
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.