NRB Industrial Bearings Limited (NIBL)
₹30.69 -0.13% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, NRB Industrial's revenue was ₹18.9 Cr (+1.9% year on year, -8.2% on the previous quarter), and net profit ₹-6.6 Cr (a bigger loss than a year earlier); the operating margin was -8.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹18.9 | +1.9% | -8.2% |
| Operating profit | ₹-1.6 | loss widened | loss narrowed |
| Net profit | ₹-6.6 | loss widened | loss narrowed |
| EPS (₹) | -2.72 | loss widened | loss narrowed |
| Operating margin | -8.6% | — | — |
NIBL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 60.47% of the NIBL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 69.95%. That is close to its usual level. Turnover was only ₹2 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal.
Delivery in the last 5 sessions: 70.5% · 55.4% · 95.1% · 55.4% · 60.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
NRB Industrial Bearings Limited has filed a certificate of non-applicability for SEBI Corporate Governance report requirements for Q2 FY2026-27 under Regulation 15 of SEBI LODR. The exemption applies because the company's paid-up equity share capital is ₹4.85 Cr (below the ₹10 Cr threshold) and net worth is negative at -₹51.66 Cr as of March 31, 2026 (below the ₹25 Cr threshold). This filing is an administrative quarterly compliance procedure reflecting its distressed financial condition rather than an operational shift.
- Corporate governance reporting exempted under Regulation 15 of SEBI LODR for quarter ended September 30, 2026
- Paid-up equity share capital stands at ₹4,84,61,300 across 2,42,30,650 shares of ₹2 each
- Net worth certified at negative ₹51,65,76,700 as of March 31, 2026
- Historical net worth was also negative at -₹19,64,52,700 (FY25) and -₹36,26,06,000 (FY24)
NRB Industrial Bearings Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by MUFG Intime India Private Limited, confirming that securities received for dematerialisation were processed and confirmed to the depositories. The filing is a standard quarterly regulatory submission with no impact on operations or financials.
- Compliance certificate filed for the quarter ended 30th September 2026
- Issued by RTA MUFG Intime India Private Limited dated 03-10-2026
- Submitted under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
NRB Industrial Bearings Limited (NIBL) announced the resignation of its VP of Sales and Marketing, Mr. Samit Deshmukh, designated as Senior Management Personnel (SMP), effective from the close of business hours on September 10, 2026. The resignation letter cites personal health reasons for his departure. The company operates in a financially stressed position with negative net worth of ₹-51 crore and TTM net loss of ₹-31 crore on TTM revenue of ₹76 crore. A key leadership exit in sales comes as the company targets aggressive export market penetration to turnaround operations.
- Resignation of Mr. Samit Deshmukh, VP of Sales and Marketing, effective September 10, 2026
- Departure is classified under Senior Management Personnel (SMP) category
- Reason cited in resignation letter is health reasons
- Resignation tendered and accepted as of close of business hours on September 10, 2026
NRB Industrial Bearings Limited has informed the exchanges that Mr. Venkatraman B, VP Manufacturing and Senior Management Personnel (SMP), has resigned due to personal commitments. The resignation took effect from the close of business hours on August 20, 2026. The company operates in a financially stressed position with negative net worth (-Rs 51 Cr) and high leverage (Debt of Rs 138 Cr vs TTM revenue of Rs 76 Cr).
- Mr. Venkatraman B resigned from the post of VP Manufacturing (SMP).
- Resignation effective from close of business hours on August 20, 2026.
- Reason cited in the resignation letter is personal commitments.
- Company reported TTM revenue of Rs 76 Cr and net loss of Rs -31 Cr.
NRB Industrial Bearings Limited (NIBL) disclosed the voting results and scrutinizer's report for its 15th Annual General Meeting held on August 14, 2026. Shareholders approved all 6 resolutions on the agenda with over 99.99% votes in favor among votes polled. Key approvals include the adoption of FY26 financial statements, re-appointment of Director Devesh Singh Sahney, and approval of material related-party transactions with entities such as NRB-IBC Bearings and NIBL-Korta Engineering. A special resolution approving the remuneration revision for Chairman & Managing Director Devesh Singh Sahney from October 1, 2026, to September 30, 2027, was also passed.
- All 6 resolutions approved by shareholders with over 99.99% majority of votes polled
- Total of 16,483 shareholders on record as of the cut-off date of August 7, 2026
- Approved revision in remuneration of CMD Devesh Singh Sahney for period Oct 1, 2026 to Sep 30, 2027
- Approved material related-party transaction limits with NRB-IBC Bearings and NIBL-Korta Engineering
NRB Industrial Bearings Limited (NIBL) conducted its 15th Annual General Meeting on August 14, 2026. Key resolutions included the adoption of FY26 financial statements, where the company reported a TTM loss of ₹31 Cr and a negative net worth of ₹-51 Cr. Shareholders voted on material related party transactions with NRB-IBC Bearings and NIBL-Korta Engineering, alongside a special resolution to revise the remuneration for Chairman and MD Devesh Singh Sahney. No audit qualifications were reported for the fiscal year despite the challenging financial position.
- 15th Annual General Meeting held via video conferencing on August 14, 2026.
- Remote e-voting was conducted between August 11 and August 13, 2026.
- Shareholders voted on material related party transactions with two key entities: NRB-IBC Bearings and NIBL-Korta Engineering.
- Special resolution proposed for revision of MD remuneration effective from October 1, 2026.
- Company reported no qualifications or adverse comments in the Statutory Auditors Report for FY26.
The National Stock Exchange (NSE) has returned NRB Industrial Bearings Limited's (NIBL) application for the reclassification of Harshbeena S Zaveri from the 'Promoter' to 'Public' category. The application, originally filed over a year ago on July 31, 2025, was returned because the company failed to address queries raised by the exchange despite multiple follow-ups. This administrative delay comes at a time when the company is struggling financially, reporting a negative net worth of ₹51 Cr and TTM losses of ₹29 Cr.
- NSE returned the reclassification application via a letter dated August 12, 2026, citing prolonged non-response to queries.
- The original application for reclassifying Harshbeena S Zaveri was submitted on July 31, 2025.
- Company currently has a negative net worth of ₹51 Cr and a high debt of ₹138 Cr.
- Promoter holding stands at 74.78% as of March 2026, near the regulatory ceiling of 75%.
NRB Industrial Bearings Limited (NIBL) reported a net loss of ₹6.72 cr for the quarter ended June 30, 2026, compared to a loss of ₹5.29 cr in the same period last year. Revenue remained stagnant at ₹18.90 cr, while finance costs of ₹3.43 cr consumed 18% of total revenue. The company's net worth has deteriorated further to negative ₹58.86 cr, indicating severe financial distress. To mitigate operating costs, the board approved acquiring a 9.08% stake in Lok Green Energy India Private Limited for a captive solar power project.
- Net loss widened to ₹6.72 cr in Q1 FY27 from a loss of ₹5.29 cr in Q1 FY26.
- Revenue from operations stood at ₹18.90 cr, a marginal 1.9% increase YoY from ₹18.55 cr.
- Negative net worth reached ₹58.86 cr as of June 30, 2026, worsening from the previous year.
- Finance costs remained high at ₹3.43 cr, representing approximately 18.1% of quarterly revenue.
- Board approved acquisition of 9.08% equity in Lok Green Energy India Private Limited for captive solar power.
NRB Industrial Bearings Limited (NIBL) has entered into an agreement to acquire a 9.08% equity stake in Lok Green Energy India Private Limited for a cash consideration of up to ₹42 Lakhs. The target is a Special Purpose Vehicle (SPV) developing a 3.7 MW solar project in Nashik, Maharashtra, intended for NIBL's captive power consumption. This move is aimed at optimizing energy costs and meeting regulatory green energy requirements. Given NIBL's current financial distress, including a negative net worth of ₹51 Cr and TTM losses of ₹29 Cr, this small-scale investment is a routine operational step toward cost efficiency.
- Acquisition of 9.08% equity share capital in Lok Green Energy India Private Limited for captive power use.
- Total cash consideration for the stake is capped at ₹42,00,000 (₹42 Lakhs).
- Target entity is developing a 3.7 MW solar project in Nashik, with potential expansion up to 10 MW.
- The acquisition is expected to be completed within 90 days from the execution of the agreements.
- Target entity reported zero turnover for the last three financial years (FY23-FY25) as the project is under development.
NRB Industrial Bearings Limited (NIBL) has approved an equity investment of up to Rs 42 Lakhs to acquire a 9.08% stake in Lok Green Energy India Private Limited. This acquisition is for a captive solar power project in Nashik with an initial capacity of 3.7 MW, aimed at optimizing energy costs. The board also approved the unaudited financial results for the quarter ended June 30, 2026. Given NIBL's current financial distress, including a negative net worth of Rs 51 Cr and TTM losses of Rs 29 Cr, this cost-saving initiative is a small step toward operational recovery.
- Acquisition of 9.08% equity stake in Lok Green Energy India Private Limited for up to Rs 42,00,000.
- The target entity is a Special Purpose Vehicle (SPV) for a 3.7 MW solar project (expandable to 10 MW) in Nashik.
- Investment represents approximately 0.49% of NIBL's current market capitalization of Rs 86 Cr.
- The acquisition is expected to be completed within 90 days of executing the Power Purchase and Shareholder Agreements.
- Target entity has reported zero turnover for the last three financial years as the project was under development.
NRB Industrial Bearings Limited (NIBL) has scheduled its 15th Annual General Meeting (AGM) for August 14, 2026. The company has fixed August 07, 2026, as the record date to determine shareholder eligibility for remote e-voting. This administrative filing comes as the company continues to face significant financial headwinds, including a negative net worth of ₹51 Cr and a TTM loss of ₹29 Cr. Investors should look for the upcoming Annual Report for management's strategy on debt management and operational recovery.
- 15th Annual General Meeting scheduled for August 14, 2026, via video conferencing
- Record date for e-voting and AGM eligibility fixed as August 07, 2026
- Book closure period set from August 08, 2026, to August 14, 2026
- Company reports a TTM loss of ₹29 Cr against a TTM revenue of ₹76 Cr
- Debt stands at ₹138 Cr, significantly exceeding the market cap of ₹86 Cr
NRB Industrial Bearings Limited (NIBL) has announced August 07, 2026, as the record date for its 15th Annual General Meeting (AGM). The AGM is scheduled for August 14, 2026, via video conferencing. This is a procedural filing to determine shareholder eligibility for e-voting. The company currently faces significant financial headwinds, including a negative net worth of ₹-51 Cr and TTM losses of ₹-29 Cr.
- Record date for the 15th AGM is fixed for August 07, 2026
- AGM scheduled to be held on August 14, 2026, at 2:00 p.m.
- Book closure period set from August 08, 2026, to August 14, 2026
- Cut-off date for remote e-voting is August 07, 2026
NRB Industrial Bearings Limited (NIBL) has scheduled its 15th Annual General Meeting (AGM) for August 14, 2026, via video conferencing. The company is dispatching notices to shareholders who have not registered their email addresses, providing the web link to the FY 2025-26 Annual Report. Additionally, NIBL is reminding physical shareholders to update their KYC details (PAN, Nomination, Bank details) as per SEBI mandates. This filing is procedural and does not alter the company's challenging financial position, characterized by a TTM loss of ‹ 29 Cr and a negative net worth of ‹ 51 Cr.
- 15th Annual General Meeting (AGM) scheduled for August 14, 2026, at 02:00 PM IST
- Cut-off date for identifying shareholders without registered email addresses was July 10, 2026
- Annual Report for FY 2025-26 made available via a specific web link as per SEBI Regulation 36(1)(b)
- Mandatory electronic payment for dividends and redemptions was effective from April 1, 2024
- Company currently operates with a high debt of ‹ 138 Cr against a negative net worth of ‹ 51 Cr
NRB Industrial Bearings Limited (NIBL) has convened its 15th AGM for August 14, 2026. Key resolutions include approving material Related Party Transactions (RPT) with associate companies NRB-IBC Bearings and NIBL-Korta Engineering, each with a limit of Rs 50 Cr for FY27. These combined limits (Rs 100 Cr) are significant, representing approximately 131% of the company's TTM revenue of Rs 76 Cr. The company continues to face financial stress with a negative net worth of Rs 51 Cr and TTM losses of Rs 29 Cr.
- 15th Annual General Meeting scheduled for August 14, 2026, at 02:00 PM IST via video conferencing
- Proposed Related Party Transaction limit of Rs 50 Cr with associate company NRB-IBC Bearings Private Limited
- Proposed Related Party Transaction limit of Rs 50 Cr with associate company NIBL-Korta Engineering Private Limited
- Managing Director Devesh Singh Sahney seeking re-appointment; last drawn remuneration was Rs 73.78 Lakhs
- Company reports a negative net worth of Rs 51 Cr and total debt of Rs 138 Cr as per latest context
NRB Industrial Bearings Limited (NIBL) has announced its 15th Annual General Meeting (AGM) for August 14, 2026. The company has fixed August 7, 2026, as the record date to determine shareholder eligibility for e-voting. This routine administrative filing occurs against a challenging financial backdrop, with the company reporting a TTM net loss of Rs 29 Cr and a negative net worth of Rs 51 Cr. Investors should look for the upcoming Annual Report for FY 2025-26 to assess management's turnaround plans.
- 15th Annual General Meeting scheduled for August 14, 2026, at 2:00 p.m. via video conferencing
- Record date for remote e-voting and AGM participation set for August 7, 2026
- Book closure period defined from August 8, 2026, to August 14, 2026
- Company currently operates with a negative net worth of Rs -51 Cr and TTM revenue of Rs 76 Cr
- Debt levels remain high at Rs 138 Cr as per latest available financial context
Financial Performance
Revenue Growth by Segment
Total Operating Income (TOI) declined by 9% YoY in FY24 to INR 74.95 Cr from INR 81.35 Cr in FY23. In Q1FY25, revenue further dropped to INR 14.41 Cr, representing a 17.4% decline compared to Q1FY24 revenue of INR 17.45 Cr.
Geographic Revenue Split
Exports account for approximately 35% of total sales, primarily directed towards the European market. The remaining 65% is generated from the domestic Indian market.
Profitability Margins
The company is currently loss-making at the net level. PAT loss widened by 100% from a loss of INR 13.12 Cr in FY23 to a loss of INR 26.15 Cr in FY24. Net profit margin is significantly negative due to high fixed costs and declining turnover.
EBITDA Margin
PBILDT margin turned negative in FY24, reporting a loss of INR 6.64 Cr compared to a positive PBILDT of INR 4.72 Cr (5.8% margin) in FY23. This deterioration is driven by a 9% drop in revenue and high working capital requirements.
Capital Expenditure
Not disclosed in available documents; however, the company maintains a manufacturing facility in Shendra, Aurangabad, and focuses on maintaining inventory levels which stood at INR 25.85 Cr in FY24.
Credit Rating & Borrowing
The company is rated CARE BB; Stable; ISSUER NOT COOPERATING. Interest coverage ratio deteriorated from 0.48x in FY23 to -0.59x in FY24, indicating that operating profits are insufficient to cover interest costs.
Operational Drivers
Raw Materials
Steel and specialized alloys for industrial bearings (needle roller and cylindrical roller bearings). Specific cost percentages for each material are not disclosed.
Import Sources
Not specifically disclosed, though the company positions itself as a substitute for low-cost imports from China.
Capacity Expansion
Current manufacturing facility is located in Shendra, Aurangabad. Specific MTPA or unit capacity figures and expansion timelines are not disclosed.
Raw Material Costs
Raw material costs are a significant portion of the cost structure; inventory levels increased to INR 25.85 Cr in FY24 (34.5% of TOI) to cater to minimum batch requirements and replacement segment demand.
Manufacturing Efficiency
Inventory turnover improved by 12% in FY23, though overall performance deteriorated in FY24 due to lower capacity utilization following a 9% drop in TOI.
Strategic Growth
Growth Strategy
Growth is targeted through aggressive export expansion beyond Europe to GCC countries, Nepal, Bangladesh, Brazil, Canada, US, Turkey, and South Africa. The company also aims to capture market share from Chinese imports by positioning as a domestic substitute under the 'Make in India' initiative.
Products & Services
All types of industrial bearings, specifically needle roller bearings and cylindrical roller bearings used in industrial machinery and automotive applications.
Brand Portfolio
NIBL, NRB Industrial Bearings.
Market Expansion
Targeting expansion into GCC, North America (US/Canada), and BRICS nations (Brazil/South Africa) to reduce dependence on the European market (currently 35% of sales).
Market Share & Ranking
The flagship group company, NRB Bearings Ltd, is India's largest needle roller and cylindrical roller bearing producer; NIBL focuses specifically on the industrial division.
Strategic Alliances
Part of the NRB Group; maintains associates/JVs including NRB-IBC Bearings Private Limited and NIBL-Korta Engineering Private Limited.
External Factors
Industry Trends
The industry is shifting toward increased automation and precision manufacturing. The bearings market is currently benefiting from 'Make in India' and infrastructure thrust, though it remains highly cyclical with a current trend of moderate growth in industrial segments.
Competitive Landscape
Competes with large organized players in India and low-cost manufacturers from China.
Competitive Moat
The company's moat is based on the Sahney family's 50+ years of industry experience and the technical heritage of the NRB Group. This provides a durable advantage in client relationships and technical know-how, though it is currently offset by financial instability.
Macro Economic Sensitivity
Highly sensitive to industrial GDP and manufacturing output. Government spending on railways and metros is a key driver for the industrial bearings segment.
Consumer Behavior
Shift toward replacement segment demand requires higher inventory holding for industrial users to minimize machinery downtime.
Geopolitical Risks
Trade barriers or shifts in import policies regarding China significantly impact NIBL's competitive positioning as an import substitute.
Regulatory & Governance
Industry Regulations
Subject to industrial manufacturing standards and quality certifications for bearings; also impacted by import duties and 'Make in India' regulatory frameworks.
Risk Analysis
Key Uncertainties
Continued loss-making operations (INR 26.15 Cr loss in FY24) and the ability of promoters to continue infusing funds are the primary business uncertainties.
Geographic Concentration Risk
Significant concentration in Europe for exports (35% of total sales), making the company vulnerable to economic shifts in the Eurozone.
Third Party Dependencies
High dependency on the promoter group for liquidity; promoters provide interest-free loans and quasi-equity to sustain operations.
Technology Obsolescence Risk
Risk is moderate; bearings are essential mechanical components, but shifts toward different motion-control technologies could impact long-term demand.
Credit & Counterparty Risk
Liquidity is stretched with cash and equivalents declining from INR 5.84 Cr in 2022 to just INR 0.20 Cr in 2024, indicating severe pressure on meeting short-term obligations.
