NRB Industrial Bearings Ltd. (IN:NIBL)
:NIBL
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NRB Industrial Bearings Ltd.
(NIBL)
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Rating:38Underperform
Price Target:
₹27.00
▼(-26.11% 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
Diversified end-markets (OEM and aftermarket)
Serving both OEMs and the aftermarket gives NRB structural revenue resilience. OEM contracts provide scale when new equipment demand recovers, while aftermarket sales deliver recurring replacement demand and pricing leverage over equipment life cycles, supporting durable cash flows.
Negative Factors
Highly stressed balance sheet
Negative equity and ~1.21B of debt materially weaken financial flexibility. This elevated leverage increases refinancing and solvency risk, limits capacity to invest in product R&D or capacity, and raises the probability that cash-flow volatility could force restructuring or asset sales over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified end-markets (OEM and aftermarket)
Serving both OEMs and the aftermarket gives NRB structural revenue resilience. OEM contracts provide scale when new equipment demand recovers, while aftermarket sales deliver recurring replacement demand and pricing leverage over equipment life cycles, supporting durable cash flows.
Read all positive factors
NRB Industrial Bearings Ltd. (NIBL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹713.59M
Dividend YieldN/A
Average Volume (3M)12.81K
Price to Earnings (P/E)―
Beta (1Y)1.03
Revenue GrowthN/A
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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹24.54B | 22.79 | ― | 2.39% | 9.63% | -64.21% | |
72 Outperform | ₹607.02B | 52.70 | ― | 0.73% | 14.14% | 16.91% | |
66 Neutral | ₹258.89B | 103.51 | ― | 1.18% | 4.81% | 15.08% | |
66 Neutral | ₹35.35B | 55.74 | ― | 1.06% | ― | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | ₹1.13B | 13.74 | ― | ― | 27.13% | 63.22% | |
38 Underperform | ₹713.59M | -2.06 | ― | ― | ― | ― |
* Industrials Sector Average
IN:NIBL
NRB Industrial Bearings Ltd.
29.45
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36.98%
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IN:NRBBEARING
NRB Bearings Ltd.
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IN:SCHAEFFLER
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IN:SHANTIGEAR
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IN:TIMKEN
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3,441.85
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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
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