NRB Bearings Ltd (NRBBEARING) — share price & stock analysis

Market cap

₹4,106 Cr

P/E

27.8×

ROE

15.7%

vs own 10-yr valuation

73rd pctile

Book value / share

₹99.3

EPS (TTM)

₹15.2

10-yr median P/E

21.2×

Revenue (FY26)

₹1,335 Cr

Profit after tax (FY26)

₹146 Cr

Weinstein stage

Stage 2 (7 weeks)

Data as of

1 July 2026

4 of the 6 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROCE 19% — decent; effectively no debt; margins mid-band. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double, and a quarter of the score comes from our earnings-recovery lens (is the profit cycle turning up off its trough?).

The price is tracking the earnings — no froth, no gift

Since Jul 2016, the stock is up 274% and earnings per share are up 252% — the price has tracked the profits, not run ahead of them.pricettm_eps

The market is paying for delivery, not promises. What you see in earnings is what you get in the price.

Today’s P/E of 27.8× means the market is paying up — this is the expensive end of its own 10-year history (73rd percentile).pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (21.2×).

An uptrend that has held for 7 weeks

Every stock cycles through the same four seasons — a flat base (stage 1), an advance (2), a top (3), a decline (4). Right now this one is in Stage 2: advancing, 7 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹309 today) and its strength against the index is still improving — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 17 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

A lumpy ride — no clean trend in profits

Over 12 years, sales went from ₹606 Cr to ₹1,335 Cr (about 7% a year), and profit from ₹34.0 Cr to ₹146 Cr.revenuenet_profit

Sales grew 13% last quarter — growth every single quarter for over 2 years

Mar 26 sales were ₹372 Cr, up 13% on the same quarter last year.revenue

That makes 8 quarters of growth in a row — this is a trend, not a blip.revenue

Margins have been rebuilt — 13.8% in FY21 to 17.4% now

Of every ₹100 of sales, the company keeps ₹18.0 as operating profit (a year ago it kept ₹18.3).opm_pct

Zoom out and this is the page's quiet hero: annual operating margin bottomed at 13.8% in FY21 and has been rebuilt to 17.4% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit

The bottom line changed sign — read this one carefully

Mar 26 profit after tax was ₹42.0 Cr, up 4,300% year on year.net_profit

Most of the profit becomes cash — but not all

Over the last 5 profitable years, the business reported ₹642 Cr of profit and collected ₹517 Cr of operating cash — about 81% conversion.operating_cash_flownet_profit

The gap sits in receivables: customers now take 67 days to pay, up from 66. Profit booked, cash pending.debtor_days

The cash cycle is tightening — money comes home faster

One rupee now takes about 281 days to go out the door as materials and come back as collected cash — down from 332 days the year before.cash_conversion_cycle

The biggest mover: inventory moving faster off the shelf (349 → 302 days).inventory_days

The asset base keeps compounding — this company builds

The productive asset base has gone from ₹233 Cr (FY14) to ₹422 Cr, with another ₹43.0 Cr of capacity under construction right now.fixed_assetscwip

The build is self-funded: the last 3 years' investing outflow (₹80.0 Cr) fits inside the operating cash the business generated (₹440 Cr).investing_cash_flowoperating_cash_flow

Almost no debt — this company cannot be killed by a bad year

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹16 — total borrowings have shrunk from ₹316 Cr to ₹154 Cr over the window.borrowings

Every ₹100 kept in the business earns ₹19 — decent, not special

Return on capital employed is 19.0% (a year ago: 16.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Rising returns on capital while growing is the rarest combination in investing — it means the new projects earn more than the old ones.roce_pct

Institutions bought the story, then started backing away

Promoters hold 51.2%, essentially unchanged. Foreign funds own 14.7%, domestic funds 10.1%.promoters_pctfiis_pctdiis_pct

Meanwhile foreign funds have been the sellers — from 21.9% to 14.7% over the window. Someone on the other side of the table disagrees; both sides count.fiis_pct

The numbers earn a deeper study — and watch the one thing that matters

The numbers lean positive, and the price is roughly fair to the delivery so far.

Best thing in the data: free cash flow rising (₹24.0 Cr → ₹121 Cr).operating_cash_flow

Biggest worry: domestic-fund holding falling (14.6% → 10.1%).diis_pct

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data