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NRB Bearings Share Price

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NSEBSE

316.55-6.30 (-1.95%)

12:00 AM,12th Apr 2024

316.05-6.95 (-2.15%)

12:00 AM,12th Apr 2024

BSE : 530367

NSE : NRBBEARING

Sector : Engineering

ISIN Code : INE349A01021

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Last Updated: Apr 12 2024 | 12:00 AM IST

Market Cap (₹ Cr)

3067

Turnover (₹ Cr)

0.94

Volume (Shares)

296676

Face Value

2

52-WK High

401.55

52-WK High Date

03 Jan 2024

52-WK Low

129.65

52-WK Low Date

23 May 2023

All Time High

401.55

All Time High Date

03 Jan 2024

All Time Low

2.18

All Time Low Date

11 Oct 2001

NRB Bearings Ltd

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.

NRB Bearings Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

3067

EPS - TTM (₹) [S]

9.71

P/E Ratio (X) [S]

4.63

Face Value (₹) 2
Latest Dividend (%)50.00
Latest Dividend Date 22 Sep 2023
Dividend Yield (%) 0.32
Book Value Share (₹) [S]68.36
P/B Ratio (₹) [S]4.63
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
HDFC Small Cap Fund (IDCW) 234.52 8748982 0.85
HDFC Small Cap Fund (G) 234.52 8748982 0.85
HDFC Small Cap Fund - Direct (G) 234.52 8748982 0.85
HDFC Small Cap Fund - Direct (IDCW) 234.52 8748982 0.85
Mirae Asset ELSS Tax Saver Fund - Regular (G) 161.55 6026875 0.75
Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) 161.55 6026875 0.75
Mirae Asset ELSS Tax Saver Fund - Direct (G) 161.55 6026875 0.75
Mirae Asset ELSS Tax Saver Fund - Direct (IDCW) 161.55 6026875 0.75
Mirae Asset Midcap Fund (G) 56.36 2102679 0.40
Mirae Asset Midcap Fund - Direct (IDCW) 56.36 2102679 0.40

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Research Reports

Date BrokerActionPrices(Rs)Report
13-12-2023ICICI Direct Buy 283

Stock Strength

Today's Low/High

314.05

322.55

Week Low/High

289.40

340.00

Month Low/High

249.75

340.00

Year Low/High

129.65

402.00

All time Low/High

2.09

402.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week8.74%8.69%0.000.03%
1 Month13.66%13.95%0.780.82%
3 Month-13.75%-13.75%2.312.85%
6 Month19.16%19.14%11.8013.77%
1 Year123.16%122.92%22.9426.43%
3 Year202.92%203.06%55.0557.36%

Company Info

Company Information

Vice Chairman & M.D. : Harshbeena S Zhaveri

Executive Director : S C Rangani

Chairman & Independent Directo : Tashwinder Singh

Independent Director : Ashank Desai

Independent Director : Rustom Desai

Company Sec. & Compli. Officer : Shruti Joshi

Independent Director : Vishakha R M

Director : Devesh Singh Sahney

Director : Deepak Bapna

Registered Office: Dhannur, 15 Sir P M Road Fort,Mumbai,Maharashtra-400001 Ph: 91-22-22664160/22664998

Email:investorcare@nrbbearings.co.in

URL:http://www.nrbbearings.com