NRB Industrial Bearings Ltd. (IN:NIBL)
:NIBL
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NRB Industrial Bearings Ltd.
(NIBL)
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Rating:38Underperform
Price Target:
₹30.00
▼(-17.90% Downside)
Action:DowngradedDate:03/31/26
The score is driven primarily by very weak financial performance (negative equity, high leverage, negative operating cash flow, and unstable operating profitability). Technicals also remain bearish with the stock trading below key moving averages and negative momentum indicators. Valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Essential Product Demand
Bearings are essential, non-discretionary components across industrial and automotive equipment. This structural end‑market exposure supports steady baseline demand and aftermarket replacement cycles, giving the company a durable revenue floor across economic cycles.
Negative Factors
Negative Equity & High Leverage
A stockholders' deficit combined with substantial debt materially weakens financial flexibility. Negative equity elevates refinancing risk and limits access to capital markets, making the company more vulnerable to interest rate moves and reducing ability to fund capex or strategic investments reliably.
Read all positive and negative factors
Positive Factors
Negative Factors
Essential Product Demand
Bearings are essential, non-discretionary components across industrial and automotive equipment. This structural end‑market exposure supports steady baseline demand and aftermarket replacement cycles, giving the company a durable revenue floor across economic cycles.
Read all positive factors
NRB Industrial Bearings Ltd. (NIBL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹781.44M
Dividend YieldN/A
Average Volume (3M)12.81K
Price to Earnings (P/E)―
Beta (1Y)0.99
Revenue Growth7.34%
EPS GrowthN/A
CountryIN
Employees289
SectorIndustrials
Sector Strength72
IndustryManufacturing - Tools & Accessories
Share Statistics
EPS (TTM)-4.49
Shares Outstanding24,230,650
10 Day Avg. Volume4,879
30 Day Avg. Volume12,812
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-2.17
Price to Sales (P/S)0.81
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NRB Industrial Bearings Ltd. Business Overview & Revenue Model
Company Description
NRB Industrial Bearings Limited manufactures and sells ball and roller bearings for industrial applications in India. The company's products include deep groove ball bearings, cam followers, needle and bottom roller bearings; full complement needl...
How the Company Makes Money
NIBL primarily makes money by selling bearing products and bearing solutions to (1) OEM/customers that integrate bearings into their equipment and (2) the replacement/aftermarket where bearings are sold for maintenance and repairs. Revenue is gene...
NRB Industrial Bearings Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
18
Very Negative
Cash Flow
27
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 693.72M | 637.42M | 719.21M | 800.17M | 687.66M | 555.55M |
| Gross Profit | 159.04M | 57.36M | 339.55M | 90.95M | 79.26M | 292.32M |
| EBITDA | 427.91M | 392.90M | -68.61M | 59.25M | 72.06M | 203.42M |
| Net Income | 222.01M | 186.38M | -259.97M | -128.90M | -100.96M | 39.76M |
Balance Sheet | ||||||
| Total Assets | 1.31B | 1.27B | 1.07B | 1.19B | 1.24B | 1.28B |
| Cash, Cash Equivalents and Short-Term Investments | 325.08M | 220.34M | 931.00K | 1.65M | 58.91M | 42.53M |
| Total Debt | 1.30B | 1.21B | 1.15B | 1.12B | 1.14B | 1.02B |
| Total Liabilities | 1.67B | 1.51B | 1.47B | 1.37B | 1.34B | 1.27B |
| Stockholders Equity | -357.34M | -237.49M | -407.10M | -181.26M | -91.61M | 10.86M |
Cash Flow | ||||||
| Free Cash Flow | -12.84M | 0.00 | 32.71M | 23.57M | -31.48M | 30.14M |
| Operating Cash Flow | 6.35M | -221.47M | 37.84M | 37.50M | -8.38M | 34.52M |
| Investing Cash Flow | -14.97M | 258.23M | -2.17M | -17.65M | -21.05M | -3.47M |
| Financing Cash Flow | 5.75M | -19.01M | -36.39M | -76.62M | 45.82M | 7.27M |
NRB Industrial Bearings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹258.03B | 103.51 | ― | 1.18% | 6.29% | 8.23% | |
64 Neutral | ₹35.25B | 25.44 | ― | 0.27% | 7.83% | -17.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ₹8.88B | 157.48 | ― | 0.87% | -26.48% | -44.64% | |
60 Neutral | ₹84.71B | 36.90 | ― | 0.39% | -10.75% | -9.09% | |
54 Neutral | ₹108.15B | 174.30 | ― | 0.38% | 3.88% | -85.35% | |
38 Underperform | ₹781.44M | -2.06 | ― | ― | 7.34% | ― |
* Industrials Sector Average
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NRB Industrial Bearings Ltd. Corporate Events
NRB Industrial Bearings Launches Fully Electronic Postal Ballot for Shareholder Approval
Feb 24, 2026
NRB Industrial Bearings Ltd. has initiated a postal ballot process to seek shareholder approval on a resolution via remote e-voting, in line with the Companies Act, SEBI regulations and recent Ministry of Corporate Affairs circulars that encourage...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.