20-quarter listed-company comparison

Bearings Stocks in India

Bearings: Schaeffler India Ltd owns the largest revenue base; Harsha Engineers International Ltd has the fastest current growth.

The 7 Bearings companies listed in India are Schaeffler India Ltd (₹61.7K Cr, the largest), Timken India Ltd, SKF India (Industrial) Ltd and 4 more. 4 of 6 covered companies beat NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.

All 7 Bearings Stocks in India (Sep 2026) — ranked by 4-Factor score

1Harsha Engineers International Ltd₹4.1K Cr62.8/100Mixed-positive evidence · strongest on PEG and profit growth
2Schaeffler India Ltd₹61.7K Cr61.0/100Mixed-positive evidence · strongest on ROCE and own-history P/E
3Rolex Rings Ltd₹4.5K Cr54.1/100Mixed-positive evidence · strongest on relative strength versus sector and 13-week relative-strength change
4NRB Bearings Ltd₹5.0K Cr52.2/100Mixed-positive evidence · strongest on relative strength versus sector and profit growth
5Timken India Ltd₹24.8K Cr48.5/100Thin evidence · provisional · strongest on profitable quarters and operating margin
6SKF India Ltd₹7.6K Cr40.5/100Mixed-negative evidence · strongest on ROCE improvement and ROCE
7SKF India (Industrial) Ltd₹14.3K Cr44.3/100Thin evidence · provisional · strongest on ROCE

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 11 Sep 2026. Not investment advice.

01 · the index people search for

Nifty Bearings Index — Constituents & Performance

All 7 listed Indian Bearings companies are named here, largest first — the same constituent set people search for as the Nifty Bearings index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

Schaeffler India Ltd₹61.7K Cr
Timken India Ltd₹24.8K Cr
SKF India (Industrial) Ltd₹14.3K Cr
SKF India Ltd₹7.6K Cr
NRB Bearings Ltd₹5.0K Cr
Rolex Rings Ltd₹4.5K Cr
Harsha Engineers International Ltd₹4.1K Cr

02 · the sector itself · before any single company

How has Bearings moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 2% behind NIFTY 500. Earnings across its companies grew 9% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 23 weeks running.

LEADER · ahead 23w~Moving with the index4 of 7 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑23w · 5/7 >200d (+0) · 4/7 lead (+1) · EPS 3/5↑

Bearings, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 7 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Bearings outperforming NIFTY 500?

Bearings has outperformed NIFTY 500 by 16.3% over the last 52 weeks. Over 13 weeks the gap is a lead of 10.7%. 4 of 6 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. NRB Bearings Ltd is the strongest against the sector itself at +39%. Readings are as of 2026-08-22.

+10.7%Sector vs NIFTY 500 · 13 weeks

+16.3%Sector vs NIFTY 500 · 52 weeks

4/6Stocks leading NIFTY 500

2/6Stocks leading sector

Sector metric: 25.5 as of 2026-08-22 · BROADENING · falling.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Bearings has outperformed NIFTY 500 by 16.3% over 52 weeks and 10.7% over 13 weeks. 4 of 6 covered companies beat NIFTY on Mansfield relative strength, while 2 of 6 beat the sector itself. Schaeffler India Ltd leads with revenue of ₹10,506 crore, based on 7 of 7 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

₹1.2 L Cr

Schaeffler India Ltd

Revenue growing

4/5

positive TTM year-on-year growth

Beating NIFTY 500

4/6

positive Mansfield relative strength

Comparing 5 of 7

04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Harsha Engineers International Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.

Rolex Rings Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Harsha Engineers International LtdHARSHA	62.8/100Mixed-positive evidence100% evidence	TURNING	26.1/35 Revenue 20.1% · PAT 67.4% · OPM change 0 pp 100% evidence	5.8/25 ROCE 13% · OPM 15% 100% evidence	18.2/20 P/E 26.2× · PEG 0.55 100% evidence	12.7/20 RS sector -2.1% · RS bench 14.2% · 1Y 10.3%6 of 12 weeks ahead 100% evidence
Exact sum: 26.1 + 5.8 + 18.2 + 12.7 = 62.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Schaeffler India LtdSCHAEFFLER	61.0/100Mixed-positive evidence100% evidence	ASLEEP	23.9/35 Revenue 19.7% · PAT 23.8% · OPM change 0 pp 100% evidence	21.4/25 ROCE 27.3% · OPM 18% 100% evidence	12.3/20 P/E 49.3× · PEG 2.13 100% evidence	3.4/20 RS sector -14.7% · RS bench -0.3% · 1Y 4.5%1 of 12 weeks ahead 100% evidence
Exact sum: 23.9 + 21.4 + 12.3 + 3.4 = 61 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.7% and the one-year return is 4.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3Rolex Rings LtdROLEXRINGS	54.1/100Mixed-positive evidence100% evidence	BREAKING OUT	12.0/35 Revenue 1.8% · PAT -12.1% · OPM change 2 pp 100% evidence	16.8/25 ROCE 21.1% · OPM 23% 100% evidence	7.1/20 P/E 23.2× · PEG 3.83 100% evidence	18.2/20 RS sector 9.9% · RS bench 27.7% · 1Y 23.6%8 of 12 weeks ahead 100% evidence
Exact sum: 12 + 16.8 + 7.1 + 18.2 = 54.1 · Decision use: Price leads the evidence: RS versus the benchmark is 27.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4NRB Bearings LtdNRBBEARING	52.2/100Mixed-positive evidence100% evidence	LEADER	20.3/35 Revenue 14.3% · PAT 66.7% · OPM change 0 pp 100% evidence	10.5/25 ROCE 18.4% · OPM 17% 100% evidence	4.0/20 P/E 33.4× · PEG 3.56 100% evidence	17.4/20 RS sector 39% · RS bench 60.3% · 1Y 82.8%12 of 12 weeks ahead 100% evidence
Exact sum: 20.3 + 10.5 + 4 + 17.4 = 52.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Timken India LtdTIMKEN	48.5/100Thin evidence · provisional50% evidence	ASLEEP	19.5/35 Revenue — · PAT — · OPM change 1 pp 24% evidence	15.5/25 ROCE 19% · OPM 19% 76% evidence	8.5/20 P/E 58.3× · PEG — 15% evidence	5.0/20 RS sector -11.9% · RS bench 2.9% · 1Y 14.8%0 of 12 weeks ahead 100% evidence
Exact sum: 19.5 + 15.5 + 8.5 + 5 = 48.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6SKF India LtdSKFINDIA	40.5/100Mixed-negative evidence100% evidence	BASING	16.6/35 Revenue -38.6% · PAT -60.2% · OPM change 2 pp 100% evidence	15.9/25 ROCE 24.2% · OPM 15% 100% evidence	5.9/20 P/E 32.5× · PEG 2.15 100% evidence	2.1/20 RS sector -25.1% · RS bench -12% · 1Y -32.8%0 of 12 weeks ahead 100% evidence
Exact sum: 16.6 + 15.9 + 5.9 + 2.1 = 40.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7SKF India (Industrial) LtdSKFINDUS	44.3/100Thin evidence · provisional40% evidence	BREAKING OUT	11.2/35 Revenue — · PAT — · OPM change -2 pp 39% evidence	13.6/25 ROCE 29.9% · OPM 9% 95% evidence	9.5/20 P/E 37.1× · PEG — 15% evidence	10.0/20 RS sector — · RS bench — · 1Y —10 of 10 weeks ahead 0% evidence
Exact sum: 11.2 + 13.6 + 9.5 + 10 = 44.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

05 · what price has already done

Market action

NRB Bearings Ltd has the strongest one-year price move in Bearings at +82.8%. It also leads on Mansfield relative strength against NIFTY at +60.3%. 4 of 6 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · the story behind the numbers

Bearings — the story behind the numbers

This is the written read behind the Bearings figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 22 Jul 2026. 4 themes are live here.

The single data point suggests positive momentum in the automotive components segment, driven by electrification trends. SCHAEFFLER's margin expansion and capex increase indicate readiness for volume growth. However, regulatory and labour compliance costs present measurable headwinds.

The Bearings sector data for Report Week 2026-07-19 relies on a single constituent, SCHAEFFLER, which limits aggregate statistical validity. SCHAEFFLER reported revenue of ₹2,585.64 Cr for Q1 CY26, representing an 18.91% increase year-over-year. Profit After Tax rose 25.61% YoY to ₹316.07 Cr. Operating Profit Margin expanded 43 basis points quarter-over-quarter to 18.5%.

How old this read is: This read comes from our Bearings sector brief dated 22 Jul 2026 — 57 days old. The numbers above it are newer than the words here.

What is live in this sector right now

Live theme	Severity	Evidence on file
Global trade disruptions could affect group-level economics and technology transfer to India operations.Named for SCHAEFFLER	medium	“changed market conditions affecting the automotive industry, intense competition in the markets in which we operate and costs of compliance with applicable laws, regulations and standards, diverse political, legal,…” Company leverages global supply chain to maintain export share.
Labour Code compliance involves higher employee provisions and statutory contribution changes.Named for SCHAEFFLER	medium	“PBT margin for the quarter stood at 16.9% (the impact of the new labour code was -0.8%) compared to 16.3% during the corresponding quarter of 2024” Impact normalizes within 1-2 quarters as workforce costs are re-budgeted.
Imports from German parent AG could raise input costs if INR depreciates against EUR.Named for SCHAEFFLER	low	“Export business saw a strong recovery in Q4, maintaining a 15% share of the sales mix and helping the company leverage its global supply chain” Export business helps leverage global supply chain.
GST input tax credit disallowance resulted in a penalty order.Named for SCHAEFFLER	low	“Schaeffler India has faced regulatory matters, including a Goods and Services Tax (GST) penalty order of ₹3.60 crore related to input tax credit disallowance.” Company assessed no material financial impact and plans to appeal.

Sources: our Bearings sector brief, 22 Jul 2026 · company earnings-call transcripts.

07 · compare level, then change

Revenue Scale & Growth Durability

Schaeffler India Ltd has the highest Revenue among the 7 Bearings companies compared here, at ₹10,506 crore. Timken India Ltd is next at ₹3,599 crore. Harsha Engineers International Ltd has the highest Revenue growth at 20.1%, so level and change sit with different companies. 7 of 7 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Schaeffler India Ltd is the scale leader at ₹10,506 crore, 191.9% ahead of Timken India Ltd. Harsha Engineers International Ltd's growth is 20.1% from a ₹1,718 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderSchaeffler India Ltd · ₹10,506 crore

Gap191.9% versus #2 · Timken India Ltd

Persistence8/8 recent comparable periods

Coverage7/7 companies · 113 observations

Investor read: Schaeffler India Ltd is the scale benchmark; Harsha Engineers International Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Schaeffler India Ltd's growth falls below Harsha Engineers International Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1Schaeffler India Ltd SCHAEFFLER₹10.5K Cr

2Timken India Ltd TIMKEN₹3.6K Cr

3SKF India (Industrial) Ltd SKFINDUS⚠ unverified₹3.6K Cr

4SKF India Ltd SKFINDIA₹3.1K Cr

5Harsha Engineers International Ltd HARSHA₹1.7K Cr

Revenue growthfastest growers

1Harsha Engineers International Ltd HARSHA20%

2Schaeffler India Ltd SCHAEFFLER20%

3NRB Bearings Ltd NRBBEARING14%

4Rolex Rings Ltd ROLEXRINGS1.8%

5SKF India Ltd SKFINDIA-39%

Revenue · company comparison

7/7 level · 5/7 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Schaeffler India Ltd SCHAEFFLER	₹2.8K Cr	17%	Jun 2026
SKF India (Industrial) Ltd SKFINDUS⚠ unverified	₹971 Cr	18%	Jun 2026
Timken India Ltd TIMKEN	₹943 Cr	15%	Jun 2026
SKF India Ltd SKFINDIA	₹588 Cr	-54%	Jun 2026
Harsha Engineers International Ltd HARSHA	₹457 Cr	25%	Jun 2026
NRB Bearings Ltd NRBBEARING	₹370 Cr	19%	Jun 2026
Rolex Rings Ltd ROLEXRINGS	₹304 Cr	4.1%	Jun 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Harsha Engineers International Ltd · HARSHA

Sep 2021₹315 Cr

Dec 2021₹323 Cr

Mar 2022₹369 Cr

Jun 2022₹398 Cr

Sep 2022₹322 Cr

Dec 2022₹301 Cr

Mar 2023₹344 Cr

Jun 2023₹348 Cr

Sep 2023₹339 Cr

Dec 2023₹324 Cr

Mar 2024₹380 Cr

Jun 2024₹343 Cr

Sep 2024₹353 Cr

Dec 2024₹339 Cr

Mar 2025₹373 Cr

Jun 2025₹365 Cr

Sep 2025₹378 Cr

Dec 2025₹409 Cr

Mar 2026₹474 Cr

Jun 2026₹457 Cr

NRB Bearings Ltd · NRBBEARING

Sep 2021₹257 Cr

Dec 2021₹231 Cr

Mar 2022₹254 Cr

Jun 2022₹236 Cr

Sep 2022₹258 Cr

Dec 2022₹251 Cr

Mar 2023₹312 Cr

Jun 2023₹272 Cr

Sep 2023₹279 Cr

Dec 2023₹258 Cr

Mar 2024₹285 Cr

Jun 2024₹289 Cr

Sep 2024₹302 Cr

Dec 2024₹279 Cr

Mar 2025₹329 Cr

Jun 2025₹310 Cr

Sep 2025₹325 Cr

Dec 2025₹328 Cr

Mar 2026₹372 Cr

Jun 2026₹370 Cr

Rolex Rings Ltd · ROLEXRINGS

Sep 2021₹258 Cr

Dec 2021₹242 Cr

Mar 2022₹282 Cr

Jun 2022₹287 Cr

Sep 2022₹290 Cr

Dec 2022₹307 Cr

Mar 2023₹299 Cr

Jun 2023₹311 Cr

Sep 2023₹321 Cr

Dec 2023₹273 Cr

Mar 2024₹316 Cr

Jun 2024₹311 Cr

Sep 2024₹300 Cr

Dec 2024₹260 Cr

Mar 2025₹284 Cr

Jun 2025₹292 Cr

Sep 2025₹271 Cr

Dec 2025₹275 Cr

Mar 2026₹306 Cr

Jun 2026₹304 Cr

Schaeffler India Ltd · SCHAEFFLER

Sep 2021₹1.5K Cr

Dec 2021₹1.5K Cr

Mar 2022₹1.6K Cr

Jun 2022₹1.7K Cr

Sep 2022₹1.8K Cr

Dec 2022₹1.8K Cr

Mar 2023₹1.7K Cr

Jun 2023₹1.8K Cr

Sep 2023₹1.9K Cr

Dec 2023₹1.9K Cr

Mar 2024₹1.9K Cr

Jun 2024₹2.1K Cr

Sep 2024₹2.1K Cr

Dec 2024₹2.1K Cr

Mar 2025₹2.2K Cr

Jun 2025₹2.4K Cr

Sep 2025₹2.4K Cr

Dec 2025₹2.7K Cr

Mar 2026₹2.6K Cr

Jun 2026₹2.8K Cr

SKF India (Industrial) Ltd · SKFINDUS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹721 Cr

Jun 2025₹821 Cr

Sep 2025₹813 Cr

Dec 2025₹861 Cr

Mar 2026₹946 Cr

Jun 2026₹971 Cr

SKF India Ltd · SKFINDIA

Sep 2021₹966 Cr

Dec 2021₹967 Cr

Mar 2022₹1.0K Cr

Jun 2022₹1.1K Cr

Sep 2022₹1.1K Cr

Dec 2022₹1.1K Cr

Mar 2023₹1.1K Cr

Jun 2023₹1.2K Cr

Sep 2023₹1.1K Cr

Dec 2023₹1.1K Cr

Mar 2024₹1.2K Cr

Jun 2024₹1.2K Cr

Sep 2024₹1.2K Cr

Dec 2024₹1.3K Cr

Mar 2025₹1.2K Cr

Jun 2025₹1.3K Cr

Sep 2025₹1.3K Cr

Dec 2025₹577 Cr

Mar 2026₹595 Cr

Jun 2026₹588 Cr

Timken India Ltd · TIMKEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024₹683 Cr

Mar 2025₹951 Cr

Jun 2025₹822 Cr

Sep 2025₹786 Cr

Dec 2025₹780 Cr

Mar 2026₹1.1K Cr

Jun 2026₹943 Cr

Revenue growth · reported quarter history

Harsha Engineers International Ltd · HARSHA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202226%

Sep 20222.2%

Dec 2022-6.8%

Mar 2023-6.8%

Jun 2023-13%

Sep 20235.3%

Dec 20237.6%

Mar 202410%

Jun 2024-1.4%

Sep 20244.1%

Dec 20244.6%

Mar 2025-1.8%

Jun 20256.4%

Sep 20257.1%

Dec 202521%

Mar 202627%

Jun 202625%

NRB Bearings Ltd · NRBBEARING

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202217%

Sep 20220.4%

Dec 20228.7%

Mar 202323%

Jun 202315%

Sep 20238.1%

Dec 20232.8%

Mar 2024-8.7%

Jun 20246.3%

Sep 20248.2%

Dec 20248.1%

Mar 202515%

Jun 20257.3%

Sep 20257.6%

Dec 202518%

Mar 202613%

Jun 202619%

Rolex Rings Ltd · ROLEXRINGS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202226%

Sep 202212%

Dec 202227%

Mar 20236.2%

Jun 20238.4%

Sep 202311%

Dec 2023-11%

Mar 20245.5%

Jun 20240.0%

Sep 2024-6.5%

Dec 2024-4.8%

Mar 2025-10%

Jun 2025-6.1%

Sep 2025-9.7%

Dec 20255.8%

Mar 20267.8%

Jun 20264.1%

Schaeffler India Ltd · SCHAEFFLER

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202242%

Sep 202218%

Dec 202218%

Mar 20238.0%

Jun 20234.6%

Sep 20235.6%

Dec 20234.5%

Mar 202411%

Jun 202415%

Sep 202414%

Dec 202414%

Mar 202516%

Jun 202512%

Sep 202515%

Dec 202528%

Mar 202619%

Jun 202617%

SKF India (Industrial) Ltd · SKFINDUS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 202631%

Jun 202618%

SKF India Ltd · SKFINDIA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202252%

Sep 202212%

Dec 202211%

Mar 20235.4%

Jun 20239.0%

Sep 20234.4%

Dec 20231.4%

Mar 20249.9%

Jun 20244.9%

Sep 202411%

Dec 202415%

Mar 20250.8%

Jun 20256.4%

Sep 20255.2%

Dec 2025-54%

Mar 2026-51%

Jun 2026-54%

Timken India Ltd · TIMKEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 202514%

Mar 202615%

Jun 202615%

08 · compare level, then change

Operating Economics & Margin Trend

Rolex Rings Ltd has the highest OPM among the 7 Bearings companies compared here, at 23%. Timken India Ltd is next at 19%. The same company also holds the highest Margin change, at +2 percentage points. 7 of 7 companies report a comparable reading, the latest through Jun 2026. Its OPM series carries 20 reported observations across the 20-quarter window.

What the numbers say: Rolex Rings Ltd leads both opm at 23% and margin change at +2 percentage points.

LeaderRolex Rings Ltd · 23%

Gap21.1% versus #2 · Timken India Ltd

Persistence4/8 recent comparable periods

Coverage7/7 companies · 126 observations

Investor read: Rolex Rings Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1Rolex Rings Ltd ROLEXRINGS23%

2Timken India Ltd TIMKEN19%

3Schaeffler India Ltd SCHAEFFLER18%

4NRB Bearings Ltd NRBBEARING17%

5Harsha Engineers International Ltd HARSHA15%

Margin changefastest expanders

1Rolex Rings Ltd ROLEXRINGS+2.0 pp

2SKF India Ltd SKFINDIA+2.0 pp

3Timken India Ltd TIMKEN+1.0 pp

4Harsha Engineers International Ltd HARSHA0.0 pp

5NRB Bearings Ltd NRBBEARING0.0 pp

Operating margin · company comparison

7/7 level · 7/7 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Rolex Rings Ltd ROLEXRINGS	23%	+2.0 pp	Jun 2026
Timken India Ltd TIMKEN	19%	+1.0 pp	Jun 2026
Schaeffler India Ltd SCHAEFFLER	18%	0.0 pp	Jun 2026
NRB Bearings Ltd NRBBEARING	17%	0.0 pp	Jun 2026
SKF India Ltd SKFINDIA	15%	+2.0 pp	Jun 2026
Harsha Engineers International Ltd HARSHA	15%	0.0 pp	Jun 2026
SKF India (Industrial) Ltd SKFINDUS⚠ unverified	9.0%	−2.0 pp	Jun 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Harsha Engineers International Ltd · HARSHA

Sep 202112%

Dec 202113%

Mar 202213%

Jun 202212%

Sep 202215%

Dec 202214%

Mar 202315%

Jun 202312%

Sep 202310%

Dec 202312%

Mar 202414%

Jun 202416%

Sep 202412%

Dec 202413%

Mar 20259.0%

Jun 202515%

Sep 202514%

Dec 202514%

Mar 202615%

Jun 202615%

NRB Bearings Ltd · NRBBEARING

Sep 202118%

Dec 202113%

Mar 202217%

Jun 202218%

Sep 202212%

Dec 202214%

Mar 202321%

Jun 202317%

Sep 202316%

Dec 202314%

Mar 202417%

Jun 202415%

Sep 202417%

Dec 202416%

Mar 202518%

Jun 202517%

Sep 202516%

Dec 202518%

Mar 202618%

Jun 202617%

Rolex Rings Ltd · ROLEXRINGS

Sep 202122%

Dec 202122%

Mar 202223%

Jun 202222%

Sep 202222%

Dec 202222%

Mar 202322%

Jun 202322%

Sep 202321%

Dec 202319%

Mar 202423%

Jun 202423%

Sep 202422%

Dec 202420%

Mar 202518%

Jun 202521%

Sep 202520%

Dec 202521%

Mar 202618%

Jun 202623%

Schaeffler India Ltd · SCHAEFFLER

Sep 202118%

Dec 202119%

Mar 202220%

Jun 202218%

Sep 202218%

Dec 202219%

Mar 202319%

Jun 202319%

Sep 202318%

Dec 202317%

Mar 202418%

Jun 202418%

Sep 202417%

Dec 202417%

Mar 202518%

Jun 202518%

Sep 202519%

Dec 202518%

Mar 202618%

Jun 202618%

SKF India (Industrial) Ltd · SKFINDUS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 202522%

Jun 202511%

Sep 202513%

Dec 202512%

Mar 20269.0%

Jun 20269.0%

SKF India Ltd · SKFINDIA

Sep 202117%

Dec 202113%

Mar 202215%

Jun 202217%

Sep 202220%

Dec 202217%

Mar 202315%

Jun 202318%

Sep 202311%

Dec 202316%

Mar 202418%

Jun 202416%

Sep 202410%

Dec 202410%

Mar 202523%

Jun 202513%

Sep 202513%

Dec 202514%

Mar 20266.0%

Jun 202615%

Timken India Ltd · TIMKEN

Sep 202122%

Dec 202122%

Mar 202227%

Jun 202225%

Sep 202219%

Dec 202217%

Mar 202319%

Jun 202319%

Sep 202320%

Dec 202317%

Mar 202422%

Jun 202418%

Sep 202418%

Dec 202416%

Mar 202523%

Jun 202518%

Sep 202518%

Dec 202513%

Mar 202622%

Jun 202619%

Margin change · reported quarter history

Harsha Engineers International Ltd · HARSHA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+2.5 pp

Sep 2022+2.8 pp

Dec 2022+1.5 pp

Mar 2023+1.9 pp

Jun 2023−0.5 pp

Sep 2023−4.9 pp

Dec 2023−2.0 pp

Mar 2024−1.0 pp

Jun 2024+4.0 pp

Sep 2024+2.0 pp

Dec 2024+1.0 pp

Mar 2025−5.0 pp

Jun 2025−1.0 pp

Sep 2025+2.0 pp

Dec 2025+1.0 pp

Mar 2026+6.0 pp

Jun 20260.0 pp

NRB Bearings Ltd · NRBBEARING

Sep 2021+3.1 pp

Dec 2021−4.9 pp

Mar 2022−1.7 pp

Jun 2022+4.9 pp

Sep 2022−6.6 pp

Dec 2022+1.3 pp

Mar 2023+4.5 pp

Jun 2023−1.2 pp

Sep 2023+4.2 pp

Dec 20230.0 pp

Mar 2024−4.0 pp

Jun 2024−2.0 pp

Sep 2024+1.0 pp

Dec 2024+2.0 pp

Mar 2025+1.0 pp

Jun 2025+2.0 pp

Sep 2025−1.0 pp

Dec 2025+2.0 pp

Mar 20260.0 pp

Jun 20260.0 pp

Rolex Rings Ltd · ROLEXRINGS

Sep 2021+4.1 pp

Dec 2021+1.4 pp

Mar 2022+2.1 pp

Jun 2022−1.2 pp

Sep 2022+0.1 pp

Dec 2022+0.5 pp

Mar 2023−1.4 pp

Jun 2023−0.5 pp

Sep 2023−1.2 pp

Dec 2023−3.0 pp

Mar 2024+1.4 pp

Jun 2024+1.0 pp

Sep 2024+1.0 pp

Dec 2024+1.0 pp

Mar 2025−5.0 pp

Jun 2025−2.0 pp

Sep 2025−2.0 pp

Dec 2025+1.0 pp

Mar 20260.0 pp

Jun 2026+2.0 pp

Schaeffler India Ltd · SCHAEFFLER

Sep 2021+0.9 pp

Dec 2021+0.9 pp

Mar 2022+3.5 pp

Jun 2022+1.6 pp

Sep 2022+0.4 pp

Dec 2022+0.2 pp

Mar 2023−0.7 pp

Jun 2023+0.6 pp

Sep 2023−0.2 pp

Dec 2023−2.0 pp

Mar 2024−1.0 pp

Jun 2024−1.0 pp

Sep 2024−1.0 pp

Dec 20240.0 pp

Mar 20250.0 pp

Jun 20250.0 pp

Sep 2025+2.0 pp

Dec 2025+1.0 pp

Mar 20260.0 pp

Jun 20260.0 pp

SKF India (Industrial) Ltd · SKFINDUS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026−13.0 pp

Jun 2026−2.0 pp

SKF India Ltd · SKFINDIA

Sep 2021+3.5 pp

Dec 2021−9.3 pp

Mar 2022−2.1 pp

Jun 2022+1.0 pp

Sep 2022+3.4 pp

Dec 2022+4.3 pp

Mar 2023−0.4 pp

Jun 2023+0.6 pp

Sep 2023−8.9 pp

Dec 2023−1.0 pp

Mar 2024+3.0 pp

Jun 2024−2.0 pp

Sep 2024−1.0 pp

Dec 2024−6.0 pp

Mar 2025+5.0 pp

Jun 2025−3.0 pp

Sep 2025+3.0 pp

Dec 2025+4.0 pp

Mar 2026−17.0 pp

Jun 2026+2.0 pp

Timken India Ltd · TIMKEN

Sep 2021+0.8 pp

Dec 2021+4.9 pp

Mar 2022+8.7 pp

Jun 2022+4.7 pp

Sep 2022−3.2 pp

Dec 2022−5.4 pp

Mar 2023−7.9 pp

Jun 2023−5.6 pp

Sep 2023+0.9 pp

Dec 2023−0.3 pp

Mar 2024+3.1 pp

Jun 2024−0.9 pp

Sep 2024−2.2 pp

Dec 2024−0.7 pp

Mar 2025+0.9 pp

Jun 2025+0.0 pp

Sep 2025+0.3 pp

Dec 2025−3.0 pp

Mar 2026−1.0 pp

Jun 2026+1.0 pp

09 · compare level, then change

Profit Scale & Acceleration

Schaeffler India Ltd has the highest Net profit among the 7 Bearings companies compared here, at ₹1,253 crore. Timken India Ltd is next at ₹427 crore. Harsha Engineers International Ltd has the highest Profit growth at 67.4%, so level and change sit with different companies. 7 of 7 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Schaeffler India Ltd leads with ₹1,253 crore of TTM profit, 193.4% above Timken India Ltd. Harsha Engineers International Ltd shows 67.4% growth from a ₹154 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderSchaeffler India Ltd · ₹1,253 crore

Gap193.4% versus #2 · Timken India Ltd

Persistence8/8 recent comparable periods

Coverage7/7 companies · 113 observations

Investor read: Schaeffler India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Schaeffler India Ltd SCHAEFFLER₹1.3K Cr

2Timken India Ltd TIMKEN₹427 Cr

3SKF India Ltd SKFINDIA₹209 Cr

4SKF India (Industrial) Ltd SKFINDUS⚠ unverified₹208 Cr

5Harsha Engineers International Ltd HARSHA₹154 Cr

Profit growthfastest growers

1Harsha Engineers International Ltd HARSHA67%

2NRB Bearings Ltd NRBBEARING67%

3Schaeffler India Ltd SCHAEFFLER24%

4Rolex Rings Ltd ROLEXRINGS-12%

5SKF India Ltd SKFINDIA-60%

Net profit · company comparison

7/7 level · 5/7 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Schaeffler India Ltd SCHAEFFLER	₹326 Cr	14%	Jun 2026
Timken India Ltd TIMKEN	₹120 Cr	11%	Jun 2026
SKF India (Industrial) Ltd SKFINDUS⚠ unverified	₹62 Cr	-14%	Jun 2026
SKF India Ltd SKFINDIA	₹62 Cr	-47%	Jun 2026
Rolex Rings Ltd ROLEXRINGS	₹60 Cr	22%	Jun 2026
NRB Bearings Ltd NRBBEARING	₹38 Cr	15%	Jun 2026
Harsha Engineers International Ltd HARSHA	₹37 Cr	-2.6%	Jun 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Harsha Engineers International Ltd · HARSHA

Sep 2021₹22 Cr

Dec 2021₹18 Cr

Mar 2022₹30 Cr

Jun 2022₹31 Cr

Sep 2022₹28 Cr

Dec 2022₹32 Cr

Mar 2023₹33 Cr

Jun 2023₹25 Cr

Sep 2023₹20 Cr

Dec 2023₹30 Cr

Mar 2024₹37 Cr

Jun 2024₹36 Cr

Sep 2024₹29 Cr

Dec 2024₹27 Cr

Mar 2025₹-2 Cr

Jun 2025₹38 Cr

Sep 2025₹36 Cr

Dec 2025₹34 Cr

Mar 2026₹47 Cr

Jun 2026₹37 Cr

NRB Bearings Ltd · NRBBEARING

Sep 2021₹24 Cr

Dec 2021₹16 Cr

Mar 2022₹17 Cr

Jun 2022₹24 Cr

Sep 2022₹13 Cr

Dec 2022₹23 Cr

Mar 2023₹35 Cr

Jun 2023₹19 Cr

Sep 2023₹25 Cr

Dec 2023₹166 Cr

Mar 2024₹32 Cr

Jun 2024₹26 Cr

Sep 2024₹36 Cr

Dec 2024₹22 Cr

Mar 2025₹-1 Cr

Jun 2025₹33 Cr

Sep 2025₹41 Cr

Dec 2025₹29 Cr

Mar 2026₹42 Cr

Jun 2026₹38 Cr

Rolex Rings Ltd · ROLEXRINGS

Sep 2021₹33 Cr

Dec 2021₹30 Cr

Mar 2022₹39 Cr

Jun 2022₹50 Cr

Sep 2022₹49 Cr

Dec 2022₹53 Cr

Mar 2023₹46 Cr

Jun 2023₹48 Cr

Sep 2023₹47 Cr

Dec 2023₹37 Cr

Mar 2024₹24 Cr

Jun 2024₹50 Cr

Sep 2024₹49 Cr

Dec 2024₹20 Cr

Mar 2025₹55 Cr

Jun 2025₹49 Cr

Sep 2025₹44 Cr

Dec 2025₹48 Cr

Mar 2026₹0 Cr

Jun 2026₹60 Cr

Schaeffler India Ltd · SCHAEFFLER

Sep 2021₹171 Cr

Dec 2021₹191 Cr

Mar 2022₹207 Cr

Jun 2022₹226 Cr

Sep 2022₹215 Cr

Dec 2022₹231 Cr

Mar 2023₹219 Cr

Jun 2023₹237 Cr

Sep 2023₹233 Cr

Dec 2023₹210 Cr

Mar 2024₹220 Cr

Jun 2024₹245 Cr

Sep 2024₹236 Cr

Dec 2024₹237 Cr

Mar 2025₹252 Cr

Jun 2025₹287 Cr

Sep 2025₹289 Cr

Dec 2025₹322 Cr

Mar 2026₹316 Cr

Jun 2026₹326 Cr

SKF India (Industrial) Ltd · SKFINDUS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹121 Cr

Jun 2025₹72 Cr

Sep 2025₹77 Cr

Dec 2025₹-50 Cr

Mar 2026₹119 Cr

Jun 2026₹62 Cr

SKF India Ltd · SKFINDIA

Sep 2021₹118 Cr

Dec 2021₹89 Cr

Mar 2022₹109 Cr

Jun 2022₹129 Cr

Sep 2022₹156 Cr

Dec 2022₹117 Cr

Mar 2023₹123 Cr

Jun 2023₹154 Cr

Sep 2023₹90 Cr

Dec 2023₹132 Cr

Mar 2024₹175 Cr

Jun 2024₹159 Cr

Sep 2024₹94 Cr

Dec 2024₹110 Cr

Mar 2025₹203 Cr

Jun 2025₹118 Cr

Sep 2025₹105 Cr

Dec 2025₹62 Cr

Mar 2026₹-20 Cr

Jun 2026₹62 Cr

Timken India Ltd · TIMKEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024₹78 Cr

Mar 2025₹190 Cr

Jun 2025₹108 Cr

Sep 2025₹94 Cr

Dec 2025₹55 Cr

Mar 2026₹158 Cr

Jun 2026₹120 Cr

Profit growth · reported quarter history

Harsha Engineers International Ltd · HARSHA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202241%

Sep 202227%

Dec 202278%

Mar 202310%

Jun 2023-19%

Sep 2023-29%

Dec 2023-6.3%

Mar 202412%

Jun 202444%

Sep 202445%

Dec 2024-10%

Mar 2025-105%

Jun 20255.6%

Sep 202524%

Dec 202526%

Mar 2026—

Jun 2026-2.6%

NRB Bearings Ltd · NRBBEARING

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202250%

Sep 2022-46%

Dec 202244%

Mar 2023106%

Jun 2023-21%

Sep 202392%

Dec 2023622%

Mar 2024-8.6%

Jun 202437%

Sep 202444%

Dec 2024-87%

Mar 2025-103%

Jun 202527%

Sep 202514%

Dec 202532%

Mar 2026—

Jun 202615%

Rolex Rings Ltd · ROLEXRINGS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202267%

Sep 202248%

Dec 202277%

Mar 202319%

Jun 2023-4.0%

Sep 2023-4.1%

Dec 2023-30%

Mar 2024-48%

Jun 20244.2%

Sep 20244.3%

Dec 2024-46%

Mar 2025129%

Jun 2025-2.0%

Sep 2025-10%

Dec 2025140%

Mar 2026-100%

Jun 202622%

Schaeffler India Ltd · SCHAEFFLER

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202277%

Sep 202226%

Dec 202221%

Mar 20235.8%

Jun 20234.9%

Sep 20238.4%

Dec 2023-9.1%

Mar 20240.5%

Jun 20243.4%

Sep 20241.3%

Dec 202413%

Mar 202515%

Jun 202517%

Sep 202522%

Dec 202536%

Mar 202625%

Jun 202614%

SKF India (Industrial) Ltd · SKFINDUS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026-1.7%

Jun 2026-14%

SKF India Ltd · SKFINDIA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202263%

Sep 202232%

Dec 202231%

Mar 202313%

Jun 202319%

Sep 2023-42%

Dec 202313%

Mar 202442%

Jun 20243.3%

Sep 20244.4%

Dec 2024-17%

Mar 202516%

Jun 2025-26%

Sep 202512%

Dec 2025-44%

Mar 2026-110%

Jun 2026-47%

Timken India Ltd · TIMKEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025-29%

Mar 2026-17%

Jun 202611%

10 · compare level, then change

Return On Capital Employed

SKF India (Industrial) Ltd has the highest ROCE among the 7 Bearings companies compared here, at 29.9%. Schaeffler India Ltd is next at 27.3%. SKF India Ltd has the highest ROCE change at +3.4 percentage points, so level and change sit with different companies. 7 of 7 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: SKF India (Industrial) Ltd leads ROCE at 29.9%, 2.6 percentage points above Schaeffler India Ltd. SKF India Ltd has the strongest latest improvement at +3.4 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderSKF India (Industrial) Ltd · 29.9%

Gap9.5% versus #2 · Schaeffler India Ltd

PersistenceNot enough history

Coverage7/7 companies · 77 observations

Investor read: SKF India (Industrial) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1SKF India (Industrial) Ltd SKFINDUS⚠ unverified30%

2Schaeffler India Ltd SCHAEFFLER27%

3SKF India Ltd SKFINDIA24%

4Rolex Rings Ltd ROLEXRINGS21%

5Timken India Ltd TIMKEN19%

ROCE changefastest improvers

1SKF India Ltd SKFINDIA+3.4 pp

2Schaeffler India Ltd SCHAEFFLER+2.9 pp

3Harsha Engineers International Ltd HARSHA+2.2 pp

4NRB Bearings Ltd NRBBEARING+1.7 pp

5Rolex Rings Ltd ROLEXRINGS−2.8 pp

Return on capital · company comparison

7/7 level · 6/7 change

Withheld from this chart: Timken India Ltd (TIMKEN) — its two data sources disagree by up to 4.3% on reported income across 6 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Schaeffler India Ltd SCHAEFFLER	29%	+2.9 pp	Jun 2026
SKF India Ltd SKFINDIA	29%	+3.4 pp	Jun 2026
NRB Bearings Ltd NRBBEARING	18%	+1.7 pp	Jun 2026
Rolex Rings Ltd ROLEXRINGS	15%	−2.8 pp	Jun 2026
Harsha Engineers International Ltd HARSHA	12%	+2.2 pp	Jun 2026
SKF India (Industrial) Ltd SKFINDUS⚠ unverified	11%	—	Jun 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Harsha Engineers International Ltd · HARSHA

Sep 202111%

Dec 2021—

Mar 202220%

Jun 2022—

Sep 202214%

Dec 2022—

Mar 202314%

Jun 2023—

Sep 202312%

Dec 202314%

Mar 202411%

Jun 202416%

Sep 202412%

Dec 202416%

Mar 20259.8%

Jun 202511%

Sep 20259.5%

Dec 202512%

Mar 202612%

Jun 2026—

NRB Bearings Ltd · NRBBEARING

Sep 202120%

Dec 2021—

Mar 202216%

Jun 2022—

Sep 202216%

Dec 2022—

Mar 202318%

Jun 2023—

Sep 202320%

Dec 202347%

Mar 202415%

Jun 202440%

Sep 202414%

Dec 202420%

Mar 202516%

Jun 202515%

Sep 202516%

Dec 202515%

Mar 202618%

Jun 2026—

Rolex Rings Ltd · ROLEXRINGS

Sep 202129%

Dec 2021—

Mar 202231%

Jun 2022—

Sep 202230%

Dec 2022—

Mar 202329%

Jun 2023—

Sep 202327%

Dec 202329%

Mar 202424%

Jun 202424%

Sep 202421%

Dec 202420%

Mar 202518%

Jun 202520%

Sep 202515%

Dec 202521%

Mar 202615%

Jun 2026—

Schaeffler India Ltd · SCHAEFFLER

Sep 2021—

Dec 202121%

Mar 2022—

Jun 202226%

Sep 2022—

Dec 202225%

Mar 2023—

Jun 202325%

Sep 202330%

Dec 202323%

Mar 202427%

Jun 202423%

Sep 202427%

Dec 202422%

Mar 202526%

Jun 202523%

Sep 202528%

Dec 202523%

Mar 202629%

Jun 2026—

SKF India (Industrial) Ltd · SKFINDUS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 202591%

Sep 2025—

Dec 2025—

Mar 202611%

Jun 2026—

SKF India Ltd · SKFINDIA

Sep 202132%

Dec 2021—

Mar 202227%

Jun 2022—

Sep 202230%

Dec 2022—

Mar 202331%

Jun 2023—

Sep 202327%

Dec 202330%

Mar 202424%

Jun 202429%

Sep 202427%

Dec 202430%

Mar 202525%

Jun 202526%

Sep 202524%

Dec 202526%

Mar 202629%

Jun 2026—

ROCE change · reported quarter history

Harsha Engineers International Ltd · HARSHA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+3.5 pp

Dec 2022—

Mar 2023−5.8 pp

Jun 2023—

Sep 2023−2.8 pp

Dec 2023—

Mar 2024−3.0 pp

Jun 2024—

Sep 2024+0.3 pp

Dec 2024+1.2 pp

Mar 2025−1.2 pp

Jun 2025−4.1 pp

Sep 2025−2.4 pp

Dec 2025−3.5 pp

Mar 2026+2.2 pp

Jun 2026—

NRB Bearings Ltd · NRBBEARING

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−3.9 pp

Dec 2022—

Mar 2023+1.9 pp

Jun 2023—

Sep 2023+4.6 pp

Dec 2023—

Mar 2024−3.1 pp

Jun 2024—

Sep 2024−6.2 pp

Dec 2024−27.5 pp

Mar 2025+1.4 pp

Jun 2025−25.7 pp

Sep 2025+2.3 pp

Dec 2025−4.6 pp

Mar 2026+1.7 pp

Jun 2026—

Rolex Rings Ltd · ROLEXRINGS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.6 pp

Dec 2022—

Mar 2023−2.4 pp

Jun 2023—

Sep 2023−3.1 pp

Dec 2023—

Mar 2024−5.0 pp

Jun 2024—

Sep 2024−5.7 pp

Dec 2024−9.5 pp

Mar 2025−6.0 pp

Jun 2025−3.8 pp

Sep 2025−6.3 pp

Dec 2025+1.7 pp

Mar 2026−2.8 pp

Jun 2026—

Schaeffler India Ltd · SCHAEFFLER

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+3.7 pp

Mar 2023—

Jun 2023−0.4 pp

Sep 2023—

Dec 2023−2.4 pp

Mar 2024—

Jun 2024−2.3 pp

Sep 2024−3.3 pp

Dec 2024−1.1 pp

Mar 2025−0.6 pp

Jun 2025−0.2 pp

Sep 2025+1.4 pp

Dec 2025+1.6 pp

Mar 2026+2.9 pp

Jun 2026—

SKF India Ltd · SKFINDIA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−2.5 pp

Dec 2022—

Mar 2023+3.8 pp

Jun 2023—

Sep 2023−2.8 pp

Dec 2023—

Mar 2024−6.8 pp

Jun 2024—

Sep 2024+0.4 pp

Dec 2024+0.6 pp

Mar 2025+1.4 pp

Jun 2025−2.7 pp

Sep 2025−3.2 pp

Dec 2025−4.4 pp

Mar 2026+3.4 pp

Jun 2026—

11 · compare level, then change

Valuation Against Growth & Quality

Harsha Engineers International Ltd has the lowest PEG among the 7 Bearings companies compared here, at 0.55×. Schaeffler India Ltd is next at 2.13×. Rolex Rings Ltd has the lowest P/E at 23.2×, so level and change sit with different companies. 5 of 7 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Harsha Engineers International Ltd has the lowest comparable PEG at 0.55×, 74.2% below Schaeffler India Ltd. Only 5 of 7 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderHarsha Engineers International Ltd · 0.55×

Gap74.2% versus #2 · Schaeffler India Ltd

Persistence0/8 recent comparable periods

Coverage5/7 companies · 45 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1Harsha Engineers International Ltd HARSHA0.6

2Schaeffler India Ltd SCHAEFFLER2.1

3SKF India Ltd SKFINDIA2.2

4NRB Bearings Ltd NRBBEARING3.6

5Rolex Rings Ltd ROLEXRINGS3.8

P/Elowest P/E

1Rolex Rings Ltd ROLEXRINGS23.2

2Harsha Engineers International Ltd HARSHA26.2

3SKF India Ltd SKFINDIA32.5

4NRB Bearings Ltd NRBBEARING33.4

5SKF India (Industrial) Ltd SKFINDUS⚠ unverified37.1

Valuation · company comparison

5/7 level · 7/7 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Rolex Rings Ltd ROLEXRINGS	3.8	22.1	Jun 2026
NRB Bearings Ltd NRBBEARING	3.6	36.8	Jun 2026
SKF India Ltd SKFINDIA	2.2	28.4	Jun 2026
Schaeffler India Ltd SCHAEFFLER	2.1	53.5	Jun 2026
Harsha Engineers International Ltd HARSHA	0.6	24.4	Jun 2026
Timken India Ltd TIMKEN	—	66.2	Jun 2026
SKF India (Industrial) Ltd SKFINDUS⚠ unverified	—	0.0	Jun 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Harsha Engineers International Ltd · HARSHA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20224.4

Dec 20220.7

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20247.6

Dec 20241.7

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 20260.6

NRB Bearings Ltd · NRBBEARING

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20220.4

Sep 2022—

Dec 20220.5

Mar 2023—

Jun 20230.6

Sep 20231.5

Dec 20230.6

Mar 20240.8

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20250.6

Sep 20251.3

Dec 20253.6

Mar 2026—

Jun 2026—

Rolex Rings Ltd · ROLEXRINGS

Sep 2021—

Dec 20212.1

Mar 2022—

Jun 20220.6

Sep 20220.7

Dec 2022—

Mar 20230.8

Jun 20230.7

Sep 20231.0

Dec 20232.2

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20253.8

Dec 2025—

Mar 2026—

Jun 2026—

Schaeffler India Ltd · SCHAEFFLER

Sep 20210.8

Dec 20211.3

Mar 20220.9

Jun 2022—

Sep 20222.3

Dec 20222.3

Mar 20239.7

Jun 202310.0

Sep 20237.5

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 20244.3

Mar 20254.0

Jun 20258.3

Sep 20252.7

Dec 20251.6

Mar 20262.4

Jun 20262.1

SKF India Ltd · SKFINDIA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20220.5

Dec 20221.7

Mar 20230.6

Jun 20230.7

Sep 20230.9

Dec 2023—

Mar 2024—

Jun 20245.2

Sep 2024—

Dec 20241.2

Mar 20252.2

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

P/E · reported quarter history

Harsha Engineers International Ltd · HARSHA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202238.8

Dec 202232.1

Mar 202328.1

Jun 202332.5

Sep 202332.6

Dec 202332.7

Mar 202434.0

Jun 202444.9

Sep 202438.4

Dec 202434.8

Mar 202526.3

Jun 202535.0

Sep 202533.7

Dec 202529.3

Mar 202623.7

Jun 202624.4

NRB Bearings Ltd · NRBBEARING

Sep 202115.9

Dec 202115.9

Mar 202213.1

Jun 202216.9

Sep 202218.4

Dec 202220.6

Mar 202315.7

Jun 202317.9

Sep 202327.7

Dec 202329.8

Mar 202423.9

Jun 202436.7

Sep 202430.6

Dec 202425.5

Mar 202518.2

Jun 202522.2

Sep 202524.0

Dec 202523.4

Mar 202619.5

Jun 202636.8

Rolex Rings Ltd · ROLEXRINGS

Sep 202129.1

Dec 202132.1

Mar 202222.6

Jun 202232.9

Sep 202237.4

Dec 202229.3

Mar 202328.6

Jun 202330.6

Sep 202330.5

Dec 202335.2

Mar 202426.6

Jun 202439.1

Sep 202441.1

Dec 202428.9

Mar 202520.2

Jun 202523.8

Sep 202519.6

Dec 202519.1

Mar 202615.9

Jun 202622.1

Schaeffler India Ltd · SCHAEFFLER

Sep 202141.0

Dec 202143.7

Mar 202243.8

Jun 202245.1

Sep 202259.9

Dec 202248.8

Mar 202351.6

Jun 202355.8

Sep 202359.7

Dec 202357.7

Mar 202448.7

Jun 202482.1

Sep 202466.2

Dec 202458.9

Mar 202556.2

Jun 202562.8

Sep 202561.6

Dec 202555.8

Mar 202654.1

Jun 202653.5

SKF India (Industrial) Ltd · SKFINDUS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 20260.0

Jun 20260.0

SKF India Ltd · SKFINDIA

Sep 202123.3

Dec 202120.1

Mar 202219.8

Jun 202219.7

Sep 202224.4

Dec 202221.4

Mar 202319.2

Jun 202321.9

Sep 202321.4

Dec 202321.9

Mar 202419.2

Jun 202427.0

Sep 202422.4

Dec 202418.8

Mar 202516.5

Jun 202518.8

Sep 202520.7

Dec 202515.8

Mar 202614.5

Jun 202628.4

Timken India Ltd · TIMKEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 202654.0

Jun 202666.2

12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Bearings comparison names 6 specific ways its own evidence can mislead, all listed below. All 7 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.

13 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 7 Bearings companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-09-11. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-09-11 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Source standing5 cross-checked · 1 unverified · 1 withheld, of 7 graded companies.

How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

14 · questions investors ask, short speakable answers

Bearings company comparison FAQs

These 24 answers restate the Bearings comparison above in question form. Every one is computed from the same 7 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-11. Nothing here is estimated, and none of it is a recommendation.

Is the Bearings sector outperforming NIFTY 500?

Bearings has outperformed NIFTY 500 by 16.3% over 52 weeks and 10.7% over 13 weeks. 4 of 6 covered companies beat NIFTY on Mansfield relative strength, while 2 of 6 beat the sector itself.

Which Bearings company is largest by revenue?

Schaeffler India Ltd leads with revenue of ₹10,506 crore, based on 7 of 7 comparable companies through Jun 2026.

Which Bearings company is growing fastest?

Harsha Engineers International Ltd has the fastest current revenue growth at 20.1%, across 5 of 7 comparable companies.

Which Bearings company has the strongest 4-Factor Sector Score?

Harsha Engineers International Ltd ranks first at 62.8/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Bearings company has the lowest comparable PEG?

Harsha Engineers International Ltd has the lowest comparable PEG at 0.55, among 5 of 7 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Bearings comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Is there a Nifty Bearings index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Bearings, this page builds its own equal-weight basket of 7 listed Bearings companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

Which are the best Bearings stocks in India?

Ranked by this page's four-factor score, Harsha Engineers International Ltd places first among 7 listed Bearings companies, followed by Schaeffler India Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Bearings stocks are listed in India?

This comparison covers 7 listed Bearings companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Bearings company is the biggest?

Schaeffler India Ltd is the largest, with trailing-twelve-month revenue of ₹10,506 crore, ahead of Timken India Ltd at ₹3,599 crore. That covers 7 of 7 companies with comparable reporting through Jun 2026.

Which Bearings company has the best profit margins?

Rolex Rings Ltd has the highest operating margin at 23%, from 7 of 7 comparable companies. Rolex Rings Ltd shows the biggest recent improvement, at +2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Bearings company makes the most profit?

Schaeffler India Ltd earns the most, at ₹1,253 crore of trailing-twelve-month net profit, from 7 of 7 comparable companies. Harsha Engineers International Ltd has the fastest profit growth at 67.4%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Bearings company earns the highest return on capital?

SKF India (Industrial) Ltd leads on return on capital employed at 29.9%, across 7 of 7 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Bearings stock is the cheapest?

On PEG — where a LOWER number is cheaper — Harsha Engineers International Ltd screens cheapest at 0.55×. Only 5 of 7 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Bearings sector beating the market?

Bearings has outperformed NIFTY 500 by 16.3% over the last 52 weeks and 10.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 of 6 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Bearings stock has the strongest price momentum?

NRB Bearings Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Bearings company scores highest for research priority?

Harsha Engineers International Ltd scores 62.8 out of 100 with 100% evidence confidence, from 26.1 points on growth and earnings, 5.8 on capital efficiency, 18.2 on valuation and 12.7 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Bearings companies does this comparison cover, and over what period?

It compares 7 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Bearings sector?

The 7 Bearings companies on this page carry ₹1,21,952 crore of combined market value. Schaeffler India Ltd is the largest at ₹61,748 crore, about 51% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.

What is the Bearings sector's P/E ratio?

The median price-to-earnings ratio across the 7 Bearings companies on this page is 33.4×, measured on the 7 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-09-17.

How is the Bearings sector performing?

4 of the 6 covered Bearings companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 16.3% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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Not SEBI Registered !! Not Investment advice !!