NRB Bearings
Stock Snapshot
Price Performance
Vista Outlook
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Management's commentary indicates a stable outlook for NRB Bearings, with revenue growth moderating but remaining consistent with historical performance. The company's focus on enhancing product offerings aligns with the broader industry trend towards electric vehicle adoption, which is expected to drive demand for auto ancillary products. Vista's financial outlook reflects this stability, projecting steady margins and a fair valuation, with a target price suggesting limited upside. The automotive ancillary sector is experiencing a sunrise phase, characterized by improving pricing power and a shift towards value-added services, which NRB Bearings is well-positioned to capitalize on. However, challenges such as rising commodity prices and global sales declines may impact margins. The macroeconomic environment in India remains supportive, with strong auto sales and favorable liquidity conditions, further bolstering NRB's prospects. Over the next 12-24 months, key opportunities lie in the company's ability to innovate and adapt to the electric vehicle market, while watchpoints include potential cost pressures and geopolitical tensions that could affect profitability
Why We Like This Stock
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Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,094 | 1,199 | 1,335 | 1,416 | 1,430 |
| Profit Before Tax (Cr.) | 128 | 162 | 201 | 212 | 214 |
| PBT Margin | 11.7% | 13.5% | 1505.8% | 14.9% | 15.0% |
| Net Profit (Cr.) | 106 | 116 | 148 | 156 | 155 |
| Earnings Per Share | 10.7 | 11.7 | 15.0 | 15.8 | 15.9 |
Analyst Recommendations
No analyst recommendations available.
Company Overview
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NRB Bearings Limited, together with its subsidiaries, manufactures and sells ball and roller bearings for original equipment manufacturers in India and internationally. The company offers a range of friction solutions comprising drawn cup needle bearings, cylindrical roller bearings, polyamide and steel needle bearing cages, drawn cup cylindrical roller bearings, crank pins, full-complement needle bearings, special ball bearings, thrust bearings, formed strip cages for heavy gearboxes, tapered and spherical roller bearings, rocker-arm bearings, planetary shafts, and other special pins. Its products are used in the automotive sector and mobility applications. NRB Bearings Limited was incorporated in 1965 and is based in Mumbai, India.