NRBBEARING

NRB Bearing share price & financials

Price
₹428.25
Market cap
₹4.4k Cr
Sector
Automobile and Auto Components
Calls analysed
4
Latest concall · Q1 FY27 · call held 10 Aug 2026

NRB Bearing Limited Q1 FY27

Consolidated Revenue ₹370 cr +19%Consolidated PAT ₹38 cr +15%

What went well

  • Consolidated revenue from operations increased 19.2% YoY to INR 370 crores in Q1 FY27.
  • Consolidated Profit After Tax (PAT) grew 15% YoY to INR 38 crores.
  • Standalone PAT increased 31.7% YoY and standalone EBITDA grew 21.7% YoY.

What to watch

  • Cost escalations in electricity, logistics, and petroleum products led to an increase in 'other expenses'.
  • The current global scenario has slowed down some processes, though the Unitec JV timeline remains on track.
Read the full call →

What NRB Bearing Limited does

NRB Bearings manufactures a wide range of friction solutions - needle rollers, cylindrical/tapered roller bearings, thrust bearings, cages and special pins - supplied to automotive OEMs in India and globally, with an expanding push into industrial applications such as off-highway and construction equipment, HVAC, robotics, agriculture and, more recently, aerospace and defence components via its Mahant Tool acquisition. It earns by co-designing and supplying precision bearings to vehicle and machinery manufacturers, leveraging in-house R&D and automated manufacturing to win OEM programs both in India and export markets.

Segments

  • Automotive (Mobility Friction Solutions)
  • Industrial Friction Solutions
  • Aerospace & Defence (via Mahant Tool)
Manufacturing facilities
7, across India and Thailand
Countries served
43
Market position
India's largest independent bearing manufacturer; #1 in India for cylindrical and needle roller bearings
Vehicles on Indian roads using NRB bearings
90%+
Robotic manufacturing lines
70+
Government-recognised R&D centres
2
Founded 1965Headquarters Mumbai, Maharashtra, India Company website

Guidance record · Q1 FY27

what the last two calls moved 12 tracked 1 delivered 2 missed 9 open
  • M&A Execution delivered said Q2 FY26 Promised: Acquire an aerospace supplier to speed up certification process Q1 FY27: Integration confirmed as successful, with the founder of Mahant Tool (Mr. Mallappa) now leading NRB's aerospace defense segment. A long-term revenue target of INR 300 crores by 2031 has been set for this vertical.
  • Inventory Days went quiet said Q2 FY26 Promised: Reduce step-by-step from ~350 days Q1 FY27: No update provided on inventory days this quarter.
  • Revenue revised up said Q2 FY26 Promised: INR 2,500 crores by 2031 Q1 FY27: Management signaled a potential upward revision, calculating that the past 12-month revenue growth of 14.38% would lead to INR 2,730 crores by 2031, surpassing the original target.

All 12 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 19.4%, net profit up 15.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue302 279 329 310 325 +8%328 +18%372 +13%370 +19%
EBITDA52 45 60 51 54 +4%60 +33%67 +12%64 +25%
Net profit36 22 -1 33 41 +14%29 +32%42 +4300%38 +15%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +81.0% 1Y

₹200₹300₹400₹500Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 11 May 2026Q1 FY27 — 10 Aug 2026

1Y: ₹284.35 on 10 Sept 2025 → ₹514.65. High ₹515.95 (10 Sept 2026), low ₹216.2 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+3.6%
10 Aug
Q4 FY26
+4.4%
11 May
Q3 FY26
−2.5%
13 Feb
Q2 FY26
−0.2%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 8.1% a year over 3 years, FY23 to FY26. Operating margin widened to 17.4%.

Year endingFY23FY24FY25FY26
Revenue₹1.1k Cr₹1.1k Cr₹1.2k Cr₹1.3k Cr
Operating profit₹171 Cr₹174 Cr₹199 Cr₹232 Cr
Operating margin16.2%15.9%16.6%17.4%
Interest₹19 Cr₹22 Cr₹11 Cr₹9 Cr
Depreciation₹41 Cr₹44 Cr₹47 Cr₹56 Cr
Net profit₹95 Cr₹242 Cr₹83 Cr₹145 Cr
Net margin9.0%22.1%6.9%10.9%
Cash from operations₹61 Cr₹115 Cr₹84 Cr₹241 Cr
Free cash flow₹21 Cr₹66 Cr₹2 Cr₹136 Cr
ROCE16.0%15.0%16.0%18.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹19 Cr₹19 Cr₹19 Cr₹19 Cr₹19 Cr₹19 Cr
Reserves₹498 Cr₹569 Cr₹648 Cr₹841 Cr₹935 Cr₹943 Cr
Borrowings₹253 Cr₹302 Cr₹329 Cr₹178 Cr₹133 Cr₹154 Cr
Other liabilities₹186 Cr₹183 Cr₹215 Cr₹201 Cr₹244 Cr₹239 Cr
Total liabilities₹956 Cr₹1.1k Cr₹1.2k Cr₹1.2k Cr₹1.3k Cr₹1.4k Cr
Fixed assets₹359 Cr₹358 Cr₹351 Cr₹337 Cr₹397 Cr₹421 Cr
Capital work in progress₹10 Cr₹11 Cr₹28 Cr₹43 Cr₹37 Cr₹43 Cr
Investments₹12 Cr₹34 Cr₹36 Cr₹44 Cr₹64 Cr₹74 Cr
Other assets₹575 Cr₹671 Cr₹796 Cr₹815 Cr₹834 Cr₹818 Cr
Total assets₹956 Cr₹1.1k Cr₹1.2k Cr₹1.2k Cr₹1.3k Cr₹1.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters trimmed −6.47 pp while FIIs added +4.87 pp. The shareholder count shrank 10% to 65,659.

Promoters
44.7%
FIIs
18.9%
DIIs
13.8%
Public
22.5%

Since Jun 2025

  • Promoters −6.47 pp
  • FIIs +4.87 pp
  • Public +1.08 pp

How it drifted, 12 quarters

Over this window the public went from 15.6% to 22.5% — +6.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 50.6%, FIIs 14.3%, DIIs 19.5%, Public 15.6%.Dec '23: Promoters 50.7%, FIIs 14.3%, DIIs 19.7%, Public 15.3%.Mar '24: Promoters 50.7%, FIIs 14.3%, DIIs 18.6%, Public 16.4%.Jun '24: Promoters 50.7%, FIIs 13.7%, DIIs 17.6%, Public 18.1%.Sep '24: Promoters 51.2%, FIIs 13.7%, DIIs 17.1%, Public 18.0%.Dec '24: Promoters 51.1%, FIIs 13.4%, DIIs 15.3%, Public 20.1%.Mar '25: Promoters 51.2%, FIIs 13.7%, DIIs 14.6%, Public 20.6%.Jun '25: Promoters 51.2%, FIIs 14.1%, DIIs 13.3%, Public 21.4%.Sep '25: Promoters 51.2%, FIIs 14.3%, DIIs 12.3%, Public 22.3%.Dec '25: Promoters 51.2%, FIIs 14.1%, DIIs 10.3%, Public 24.4%.Mar '26: Promoters 51.2%, FIIs 14.7%, DIIs 10.1%, Public 24.1%.Jun '26: Promoters 44.7%, FIIs 18.9%, DIIs 13.8%, Public 22.5%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of NRB Bearing Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Harshbeena Sahney Zaveri 41.47%unchanged
Nalanda India Equity Fund Limited FPI fund9.49%unchanged
HDFC Small Cap Fund Mutual fund9.03%unchanged
Arohi Emerging India Master Fund FPI fund1.67%newly disclosed
Iroha Emerging India Fund-I AIF1.62%newly disclosed
Aziz Yousuf Zaveri 1.55%unchanged
Chetan Jayantilal Shah 1.29%newly disclosed
Map Institutional Llc - Map Institutional Llc 804 Series FPI fund1.23%newly disclosed
Anupa Sahney 0.80%unchanged
Trilochan Singh Sahney Trust1 0.53%−6.47 pp
Jasjiv Singh Devinder Singh Sahney 0.31%unchanged
Bhupinder Singh Sahney 0.04%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in NRBBEARING

Filings to Jul 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹359 Cr
1 schemes
Biggest holder
HDFC Small Cap Fund
₹359 Cr · 0.9% of that fund
SchemeHoldingLast month
HDFC Small Cap Fund HDFC Mutual Fund₹359 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Jul 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
+181%
vs est. average cost
Held by funds
₹359 Cr
1 schemes · ≈ 8.4% of the company

Shares held by these funds −2%

Aug '23 87.49 L shares Jul '26

What the price assumes

Expensive

To justify its price of ₹515, this stock must grow earnings at 23% every year for 7 years. Our analysis caps realistic growth at ~15%. At that growth it is worth ₹336 — downside of 35%.

Growth the price implies
23.2% a year
for 7 years, fading to 4%
It has actually compounded at
15.1% a year
net profit, FY23–FY26 · EPS 14.9%
The gap
0.1 pp
-35% downside if it only repeats history
Price today ₹514.65 Value at the reference growth ₹336.45

Change the assumptions yourself →

All earnings calls (4)

Read the Q1 FY27 call →

Learn to analyse NRB Bearing Limited

Guides on how to read this kind of business and the numbers that matter.