NSE: NRBBEARING | BSE: 530367

Mid-range Performer

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274.65 0.62 (0.23%)

25.97% Fall from 52W High

161.9K NSE+BSE Volume

NSE 22 May, 2025 3:31 PM (IST)

2,662

Market Cap

High in industry

1.0

Beta 1Year

Average volatility

NRB Bearings Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for NRBBEARING, BSE:530367 NRB Bearings Ltd.

NRB Bearings Ltd.

31 Oct 2019

274.65

0.23%

NRB Bearings

Sell: NRB Bearings Ltd.

Recommendation Target

ICICI Securities Limited

Headwinds in domestic OEMs to lead to sluggish FY20E Domestic OEM segment witnessed double digit de-growth in the midst of a slowdown in the auto sector. Domestic OEM (two-wheelers and CV comprise highest share in the OEM segment) contributes to around ~69% of NRB's topline. Going ahead, we expect some short-term pain in this segment, which can be followed by some recovery starting H1FY21. On the raw material front, the company is expected to benefit from the current decline in steel prices starting from Q4FY20E onwards, which should...

Number of FII/FPI investors decreased from 68 to 62 in Mar 2025 qtr

NRB Bearings Ltd.

14 Aug 2019

274.65

0.23%

NRB Bearings

Hold: NRB Bearings Ltd.

Target

ICICI Securities Limited

NRB Bearings Ltd. has an average target of 400.00 from 1 broker.

NRB Bearings Ltd.

04 Jun 2019

274.65

0.23%

NRB Bearings

Hold: NRB Bearings Ltd.

Recommendation Target

ICICI Securities Limited

For FY19, NRB witnessed growth of 12.8%YoY driven by healthy growth in domestic OEM and exports. Domestic OEMs and exports grew ~15% YoY and 20% YoY, respectively. After markets segment declined YoY as NRB shifted most of its capacities for fulfilling demand of its OEM customers. EBITDA margins also came in strong at 19.2% for the year due to efficient inventory management and pass through of input prices at regular intervals. Going ahead, the domestic OEM segment is likely to witness moderation in growth with corresponding slowdown in auto volume growth and...

NRB Bearings Ltd. is trading above all available SMAs

NRB Bearings Ltd.

13 Feb 2019

274.65

0.23%

NRB Bearings Ltd

Hold: NRB Bearings Ltd.

Target

Karvy

Friction Solutions Provider: Revenue for Q3FY19 grew by 17.0% aided by improved volumes from both domestic & export fronts along with low base effect.

Number of FII/FPI investors decreased from 68 to 62 in Mar 2025 qtr

NRB Bearings Ltd.

06 Feb 2019

274.65

0.23%

NRB Bearings (3QFY19): Growth Rates to Moderate. Maintain NEUTRAL

Neutral: NRB Bearings Ltd.

Recommendation

HDFC Securities

We value the stock at Rs 217(17xDec-20E EPS). Maintain Neutral. NRB reported an in-line quarter with beat in revenue growth (17% vs. est of 11%) while EBITDA margins declined to 17.3% (-210/100bps yoy / qoq), which was below our estimates of 17.9%. Revenues at Rs 2.4bn were fuelled by strong growth in the 2W segment and robust export sales. EBITDA rose 4% yoy to Rs 420mn as the contraction in margins - benefit of a richer product mix (higher revenue from Needle bearing) was partially offset by an increase in other expenses (higher freight expenses and forex losses~ Rs 50mn). PAT came at Rs. 268mn (+26% YoY) supported by a lower tax rate.

Number of FII/FPI investors decreased from 68 to 62 in Mar 2025 qtr

NRB Bearings Ltd.

06 Feb 2019

274.65

0.23%

NRB Bearings

Buy: NRB Bearings Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research NRB Bearings reported mixed Q3FY19 numbers. The company reported in line topline numbers, albeit with lower margins (other expenses increased 38.1% YoY). Revenues came in at | 242.6 crore, up 16.7% YoY. We estimated revenues of | 242.4 crore. We believe strong topline growth was on account of robust performance across all segments i.e. domestic OEMs, after-markets and exports EBITDA increased 3.7% YoY to | 42 crore. The company reported...

Promoters initiated pledges of 91.35% of holdings in Mar 2025 qtr.

NRB Bearings Ltd.

06 Nov 2018

274.65

0.23%

NRB Bearings Ltd: Shift Towards Friction Solutions Provider

Hold: NRB Bearings Ltd.

Karvy

Revenue growth & stable margins: Q2FY19 earnings recorded a YoY growth of 37.7% owing to a YoY revenue growth of 20.6%.

NRB Bearings Ltd. has gained 22.89% in the last 3 Months

NRB Bearings Ltd.

05 Nov 2018

274.65

0.23%

NRB Bearings

Buy: NRB Bearings Ltd.

ICICI Securities Limited

NRB Bearings reported stellar Q2FY19 numbers. Revenues came in at | 251 crore up 20.6% YoY. We estimated revenues of | 240 crore (15.5% YoY growth) for the quarter. We believe strong topline growth was on account of robust performance across all segments i.e. domestic OEMs, after-markets and exports EBITDA increased 20.4% YoY to | 46.1 crore. The company reported strong EBITDA on account of sharp increase in gross margins, 300 bps YoY during the quarter. However, other expenses also increased...

NRB Bearings Ltd. is trading above all available SMAs

NRB Bearings Ltd.

03 Nov 2018

274.65

0.23%

NRB Bearings (2QFY19): Growth momentum continues. Maintain BUY

Buy: NRB Bearings Ltd.

HDFC Securities

Expect 11% EPS CAGR over FY18-21E. We value the stock at Rs 217(17xSept-20E EPS). Maintain Buy NRB delivered strong performance in 2Q. Revenue grew 21% YoY to Rs 2.5bn (ahead of its peers like SKF +13%), fuelled by strong growth across OEMs segments (2W, CV and tractor segment) and robust export sales. EBITDA rose 20% YoY to Rs 461mn with margin at 18.4% (flat YoY), as a benefit of richer product mix (higher revenue from CVs and Needle bearing) was partially offset by an increase in other expenses (one-time consultancy fee, higher marketing and freight expenses).

Promoters initiated pledges of 91.35% of holdings in Mar 2025 qtr.

NRB Bearings Ltd.

14 Aug 2018

274.65

0.23%

NRB Bearings Ltd: Exports along With Shift Towards Friction ...

Hold: NRB Bearings Ltd.

Recommendation

Karvy

Revenue growth & strong margins: Q1FY19 earnings recorded a YoY growth of 43.5% owing to a YoY revenue growth of 30.6% fuelled by an EBITDA margin expansion of 369 bps (vs our expectation of 269 bps).

Number of FII/FPI investors decreased from 68 to 62 in Mar 2025 qtr

Is NRB Bearings Ltd. worth buying?

192 Votes:

Buy 80.73%

Sell 13.02%

Hold 6.25%

RESEARCH REPORTS

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