NRB Industrial Bearings Ltd. (NIBL) AI Stock Analysis

• Market Cap: ₹712.14M
• Dividend Yield: N/A
• Average Volume (3M): 12.81K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 289
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Tools & Accessories
• EPS (TTM): -4.49
• Shares Outstanding: 24,230,650
• 10 Day Avg. Volume: 4,879
• 30 Day Avg. Volume: 12,812
• PEG Ratio: -0.02
• Price to Book (P/B): -2.17
• Price to Sales (P/S): 0.81
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: ₹29.00 ▼(-20.63% Downside)
• Action: Reiterated Date: 01/09/26
• Date: Action: Reiterated 01/09/26

The score is held back primarily by weak financial performance—negative equity with high debt and deteriorating operating cash flow—despite a low P/E. Technicals are comparatively supportive with price above key moving averages and neutral-to-positive momentum, but they do not outweigh the balance-sheet and cash-flow risk.

Positive Factors

Modest revenue growth

A positive revenue growth rate (~2.9%) shows the company can still grow top line modestly despite headwinds. Over the next several months this underlying demand resilience supports capacity utilization, order continuity with OEMs/distributors, and a foundation for margin recovery if costs are controlled.

Essential, recurring product demand

Bearings are critical, consumable components in industrial machinery with recurring replacement cycles. This structural demand and relationships with OEMs and distributors provide predictable long-term revenue streams and insulate the business from single-period demand shocks.

Material tangible asset base

A sizeable asset base (~1.27B) underpins manufacturing capacity and inventory necessary for scale. Tangible assets provide operational leverage, potential collateral for refinancing, and optionality to restructure or monetize assets to support working capital and strategic investments.

Negative Factors

Negative equity and high leverage

A stockholders’ deficit and ~1.21B of debt indicate a stressed capital structure that reduces financial flexibility. Over the medium term this raises refinancing and solvency risk, limits capacity for capex or growth investments, and increases vulnerability to interest or demand shocks.

Deteriorating operating cash flow

Negative operating cash flow (~-221M) signals worsening cash conversion and potential working-capital pressure. Persistently weak cash generation undermines the firm's ability to service debt, fund operations or growth internally, and forces reliance on external financing with higher cost or restrictive terms.

Volatile profitability and shrinking revenue

Consecutive revenue declines and inconsistent margins (negative EBIT despite a strong net margin) point to earnings-quality issues and uneven demand. This volatility impairs long-term planning, weakens operating leverage, and raises the risk that profits are driven by non-recurring or below-the-line items rather than stable operations.

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 needle roller bearings; needle and roller thrust bearings; needle bushes; magneto bearings; wide inner ring ball bearings and housed units; super precision bearings; tapper roller bearings; combined bearings; needle cages; inner rings; CP washer; and rollers, needles, and balls. It serves textile, renewable, power generation, paper and pulp, oil and gas, mining and mineral processing, metals, medical, material handling, machine tool, industrial transmission and electrical, food and beverage, fluid machinery, and factory automation industries. The company also exports its products. NRB Industrial Bearings Limited was incorporated in 2011 and is headquartered in Mumbai, India.

How the Company Makes Money

NIBL makes money by selling bearings and related industrial products to customers (e.g., industrial users, OEMs, and distributors) and recognizing revenue from these product sales. Revenue is primarily generated from order volumes, product mix (type/specification of bearings supplied), and pricing, along with any value-added services tied to supply (such as sourcing, application support, or logistics) where applicable. Specific details on the company’s reportable segments, customer concentration, major partnerships, contract structures, service revenues, and other material drivers of earnings are null.

NRB Industrial Bearings Ltd. Financial Statement Overview

Summary

Overall fundamentals are weak: shrinking revenue, volatile/unstable operating performance, negative operating cash flow in FY2025, and a highly stressed balance sheet with negative equity and high debt. A strong FY2025 net margin is offset by negative EBIT and poor cash conversion, raising earnings-quality risk.

Income Statement

Profitability is volatile and the core earnings picture is weak despite a strong latest-year bottom line. Revenue in FY2025 declined ~3.8% after prior-year declines, pointing to an uneven demand/scale backdrop. Margins are inconsistent across years (including periods of losses), with FY2025 showing strong net profit margin (~29%) but negative EBIT, suggesting earnings quality and/or below-the-line items are doing the heavy lifting rather than stable operating performance.

Balance Sheet

Leverage and solvency are key concerns. FY2025 equity is negative (stockholders’ deficit of ~-237M) with total debt of ~1.21B, which materially weakens financial flexibility and increases refinancing risk. With negative equity, debt-to-equity and return-on-equity figures become difficult to interpret economically, but the direction is clear: the capital structure is stressed despite total assets of ~1.27B.

Cash Flow

Cash generation is inconsistent and recently deteriorated. FY2025 operating cash flow turned negative (~-221M) versus positive in FY2024, indicating working-capital or operating pressure and raising questions about the sustainability of reported profits. Free cash flow was modestly positive in FY2024 but shows volatility across the history (including negative periods), reducing confidence in self-funded growth and debt servicing capacity.

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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NRBBEARING	73 Outperform	₹24.36B	22.79	―	2.39%	9.63%	-64.21%
SCHAEFFLER	72 Outperform	₹590.11B	52.70	―	0.73%	14.14%	16.91%
TIMKEN	66 Neutral	₹259.19B	103.51	―	1.18%	4.81%	15.08%
SHANTIGEAR	66 Neutral	₹34.51B	55.74	―	1.06%	―	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HILTON	55 Neutral	₹826.55M	13.74	―	―	27.13%	63.22%
NIBL	50 Neutral	₹712.14M	-2.06	―	―	―	―

NRB Industrial Bearings Ltd. Corporate Events

NRB Industrial Bearings Launches Fully Electronic Postal Ballot for Shareholder Approval

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 electronic communication. The company will use CDSL’s e-voting platform, dispatch the notice only by email to eligible members as of the February 20 cut-off date, and has appointed an independent scrutinizer to oversee the voting, underscoring its adherence to evolving corporate governance and compliance norms.

The e-voting window will run from February 25 to March 26, 2026, allowing shareholders to record their assent or dissent electronically without physical ballot forms or reply envelopes. By fully shifting to electronic postal ballot procedures and publicly disclosing the process, NRB Industrial Bearings is streamlining shareholder participation, reducing paperwork and reinforcing transparency for investors and regulators.

Exchange Seeks Clarification After Sharp Move in NRB Industrial Bearings Stock

The stock of NRB Industrial Bearings Ltd. has experienced significant price volatility, prompting the stock exchange to seek clarification from the company. The exchange has requested updated, relevant information to safeguard investor interests and ensure transparent disclosure to the market, and a formal response from the company is still pending.

NRB Industrial Bearings Closes Trading Window Ahead of Q3 FY26 Results

NRB Industrial Bearings Ltd. has announced the closure of its trading window for designated persons and their immediate relatives from 1 January 2026 until 48 hours after the declaration of its unaudited financial results for the quarter ended 31 December 2025, in line with its code of conduct and SEBI’s insider trading regulations. The move underscores the company’s adherence to regulatory norms on preventing insider trading, and it signaled that the date of the board meeting to approve these quarterly results will be communicated separately, an event that will be closely watched by investors for insights into the firm’s near-term financial performance.