NRB Bearing Limited (NRBBEARING)
₹490.20 -3.67% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, NRB Bearing's revenue was ₹370 Cr (+19.2% year on year, -0.7% on the previous quarter), and net profit ₹37.8 Cr (+15.1% year on year); the operating margin was 17.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹370 | +19.2% | -0.7% |
| Operating profit | ₹63.7 | +23.8% | -5.0% |
| Net profit | ₹37.8 | +15.1% | -10.3% |
| EPS (₹) | 3.80 | +14.8% | -11.0% |
| Operating margin | 17.2% | — | — |
NRBBEARING delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 47.58% of the NRBBEARING shares traded on NSE were taken to delivery, against the stock's own 20-session average of 39.34%. That is close to its usual level. Volume was 0.5 times its average, well below normal.
Delivery in the last 5 sessions: 51.0% · 36.5% · 36.5% · 56.6% · 47.6%
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 Bearing Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate was issued by the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, on October 3, 2026. It confirms that share certificates received for dematerialisation during the quarter were processed, verified, and cancelled within prescribed timelines. This is a standard regulatory submission with no impact on the company's operational or financial performance.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Pertains to the quarter ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited (Registration Number INR000004058)
- RTA confirmation issued on October 3, 2026 and filed on October 6, 2026
NRB Bearings reported a strong Q1 FY27 with consolidated revenue growing 19.2% YoY to ₹370 cr and standalone PAT rising 31.7%. A major highlight is the expansion of the nominated business pipeline from ₹800 cr to ₹1,100 cr, which represents approximately 82% of the current TTM revenue. The company is aggressively pivoting into high-margin segments including aerospace, robotics, and EVs, supported by a new JV facility in Aurangabad expected to start production within 12 months.
- Consolidated revenue increased 19.2% YoY to ₹370 cr in Q1 FY27
- Nominated business pipeline expanded by ₹300 cr to reach a total of ₹1,100 cr
- Standalone PAT grew 31.7% YoY, outperforming consolidated growth of 15%
- Management targeting a long-term revenue vision of ₹2,700 cr to ₹3,000 cr
- Land acquired in Aurangabad for a new JV with production expected to commence in 12 months
NRB Bearings reported a strong Q1 FY27 with consolidated revenue growing 19.2% YoY to ₹370 cr and PAT increasing 15% to ₹38 cr. A key highlight is the expansion of the nominated business pipeline to ₹1,100 cr, which represents approximately 82% of the company's TTM revenue of ₹1,335 cr. Management has outlined a long-term revenue vision of ₹2,700 cr to ₹3,000 cr, supported by a ₹200 cr capacity expansion plan and a strategic pivot into high-margin sectors like aerospace, robotics, and defense. The company also confirmed the acquisition of land in Aurangabad for its new joint venture production facility.
- Consolidated revenue for Q1 FY27 rose 19.2% YoY to ₹370 cr compared to ₹310 cr in the previous year.
- Nominated business pipeline increased significantly from ₹800 cr to ₹1,100 cr.
- Standalone PAT showed robust growth of 31.7% YoY, outperforming consolidated figures.
- Management targeting a revenue vision of ₹2,700 cr to ₹3,000 cr, more than double the current TTM revenue.
- ₹200 cr capacity expansion is underway with land already purchased in Aurangabad for completion by FY28.
NRB Bearing has made the audio recording of its Q1FY2026-27 earnings call, held on August 10, 2026, available to the public. This is a standard regulatory disclosure following the announcement of quarterly results. Investors can access the recording on the company's website to hear management's commentary on the quarter's performance and future outlook. The company continues to focus on its Rs 200 Cr capacity expansion plan targeted for FY28 completion.
- Earnings call for Q1FY2026-27 was conducted on August 10, 2026
- Company is executing a Rs 200 Cr capacity expansion plan for completion by FY28
- TTM Revenue as of the latest period stands at Rs 1,335 Cr
- Operating Profit Margin (OPM) for FY26 was reported at 17.41%
- Promoter holding has remained steady at 51.2% as of March 2026
NRB Bearing reported a strong start to FY27 with standalone revenue growing 14.8% YoY to ₹319.89 Cr. Standalone Profit After Tax (PAT) increased 31.7% YoY to ₹34.77 Cr, driven by improved operational performance and a ₹2.65 Cr exceptional gain. The company also formalized a ₹50 Cr corporate guarantee for its new JV, NRB Unitec Friction Solutions, and completed the ₹37.50 Cr acquisition of Mahant Tool Room's business to bolster its industrial segment.
- Standalone Revenue from operations increased 14.8% YoY to ₹319.89 Cr from ₹278.56 Cr.
- Standalone PAT grew 31.7% YoY to ₹34.77 Cr, with EPS rising to ₹3.59 from ₹2.72.
- Approved a ₹50 Cr corporate guarantee for subsidiary NRB Unitec Friction Solutions Pvt Ltd, representing ~3.7% of TTM revenue.
- Completed the acquisition of Mahant Tool Room business for a total consideration of ₹37.50 Cr.
- Standalone Finance costs significantly reduced to ₹0.76 Cr from ₹1.89 Cr in the year-ago quarter.
NRB Bearings reported a strong Q1 FY27 with consolidated revenue rising 19.2% YoY to ₹370 crores and PAT increasing 15% to ₹38 crores. A major strategic milestone was achieved in July 2026 with the acquisition of Mahant Tool Room, granting the company AS9100D Aerospace Certification. The company secured its first aerospace order for the Sukhoi-30 aircraft, marking a significant entry into high-precision defense applications. Additionally, NRB expanded its EV/Hybrid footprint with new platform launches for BMW and Mercedes-Benz.
- Consolidated revenue grew 19.2% YoY to ₹370 crores in Q1 FY27
- Consolidated PAT increased by 15% YoY to ₹38 crores
- Secured first aerospace bearing order for mission-critical Sukhoi-30 aircraft application
- Completed strategic acquisition of Mahant Tool Room in July 2026 to enter Aerospace and Defence
- Standalone PAT grew by 31.7% YoY, outperforming consolidated growth
NRB Bearing's board has approved a corporate guarantee of up to ₹50 Cr for its new subsidiary/JV, NRB Unitec Friction Solutions, to facilitate term loan facilities from HSBC Bank. This guarantee represents approximately 5.5% of the company's net worth of ₹901 Cr. Alongside this, the company reported strong Q1 FY27 standalone results with revenue rising 14.8% YoY to ₹319.9 Cr and PAT increasing 31.8% YoY to ₹34.8 Cr. The company also confirmed the completion of a ₹37.5 Cr acquisition of Mahant Tool Room through its subsidiary MTRPL.
- Approved corporate guarantee of up to ₹50 Cr in favor of HSBC Bank for the NRB Unitec JV.
- Standalone Q1 FY27 Revenue increased 14.8% YoY to ₹319.89 Cr from ₹278.56 Cr.
- Standalone Q1 FY27 Profit After Tax (PAT) rose 31.8% YoY to ₹34.77 Cr.
- Completed additional equity investment of ₹30.50 Cr in subsidiary MTRPL to fund a ₹37.50 Cr acquisition.
- Recorded an exceptional gain of ₹2.65 Cr during the quarter ended June 30, 2026.
NRB Bearing Limited has scheduled its Q1FY27 earnings conference call for August 10, 2026, at 2:45 PM IST. This follows the scheduled announcement of financial results for the quarter ended June 30, 2026, on August 7, 2026. Management, including the Vice Chairman & MD and the CFO, will discuss operational performance. Investors will likely seek updates on the company's Rs 200 Cr capacity expansion plan and its progress in the EV and aerospace segments.
- Earnings call scheduled for August 10, 2026, at 14:45 hrs IST following Q1FY27 results.
- Financial results for the quarter ended June 30, 2026, to be released on August 7, 2026.
- Management representation includes Harshbeena Zaveri (MD) and Vineet Goel (CFO).
- Company is currently executing a Rs 200 Cr capacity expansion slated for completion by FY28.
- NRB Bearing reported a TTM revenue of Rs 1,335 Cr with an OPM of 17.4%.
NRB Bearing Limited has scheduled its Q1FY27 earnings conference call for August 10, 2026, at 14:45 IST. This follows the scheduled announcement of financial results for the quarter ended June 30, 2026, on August 7, 2026. Management, including the Vice Chairman & MD and the CFO, will discuss operational performance and the outlook for the company. Investors will likely seek updates on the ongoing Rs 200 Cr capacity expansion project and growth in the EV and aerospace segments.
- Earnings call scheduled for August 10, 2026, at 14:45 hrs IST with a 45-minute duration.
- Financial results for the quarter ended June 30, 2026, to be declared on August 7, 2026.
- Management representation includes Harshbeena Zaveri (MD) and Vineet Goel (CFO).
- Company is currently executing a Rs 200 Cr capacity expansion slated for completion by FY28.
- NRB maintains a low Debt-to-Equity ratio of 0.04 and a TTM revenue of Rs 1,335.15 Cr.
NRB Bearing Limited has scheduled its Q1FY27 earnings conference call for August 10, 2026, at 15:00 hrs IST. This follows the scheduled announcement of financial results for the quarter ended June 30, 2026, on August 7, 2026. The management, including the Vice Chairman & MD and the CFO, will discuss the company's operational and financial performance. Investors will be looking for updates on the company's TTM revenue of ₹1,335.15 Cr and the progress of its ₹200 Cr capacity expansion plan.
- Earnings call scheduled for August 10, 2026, at 15:00 hrs IST following Q1FY27 results.
- Financial results for the quarter ended June 30, 2026, to be announced on August 7, 2026.
- Management representation includes Harshbeena Zaveri (VC & MD) and Vineet Goel (CFO).
- Company reported a TTM PAT of ₹146 Cr and OPM of 17.4% as of the latest annual data.
- Ongoing ₹200 Cr capacity expansion project targeted for completion by FY28.
CRISIL Ratings has reaffirmed NRB Bearing Limited's long-term credit rating at 'CRISIL AA-/Stable' and its short-term rating at 'CRISIL A1+'. The rating applies to total bank loan facilities of Rs 500 crore, which is substantial compared to the company's current debt of only Rs 33 crore. This reaffirmation reflects the company's strong market leadership in needle and cylindrical roller bearings and its healthy financial profile, evidenced by a low Debt-to-Equity ratio of 0.04. The stable outlook indicates expected maintenance of business and financial risk profiles over the medium term.
- Total bank loan facilities rated at Rs 500 crore
- Long-term rating reaffirmed at CRISIL AA-/Stable
- Short-term rating reaffirmed at CRISIL A1+
- Rated facilities represent approximately 55.5% of the company's Net Worth (Rs 901 Cr)
- Current debt remains low at Rs 33 crore as of the latest financial context
NRB Bearing Limited successfully passed all four resolutions at its 61st Annual General Meeting held on July 29, 2026. Key approvals included the adoption of FY26 financial statements and a special resolution authorizing the company to provide loans, guarantees, or security under Section 185 of the Companies Act. While the special resolution passed with 95.59% overall support, public institutional investors showed a notable 11.37% dissent. Total voting participation represented 76.77% of the company's outstanding shares.
- All 4 resolutions passed with requisite majority at the AGM held on July 29, 2026
- Special resolution for Section 185 loans/guarantees approved with 95.59% total votes in favor
- Public institutional dissent on Section 185 resolution recorded at 11.37% (3,281,667 votes against)
- Total voter turnout reached 76.77% of the 96,922,600 total shares outstanding
- Total number of shareholders stood at 66,945 as of the July 24, 2026 cut-off date
NRB Bearing Limited conducted its 61st Annual General Meeting on July 29, 2026, to adopt the FY26 financial statements and approve key administrative resolutions. The company reported FY26 revenue of ₹1,335.15 Cr with a PAT of ₹145.63 Cr, reflecting a significant recovery from FY25. Management briefed shareholders on future growth strategies, including the shift toward friction solutions and expansion into aerospace and EV segments. Key resolutions included the re-appointment of Director Satish Rangani and approval for loans or guarantees under Section 185.
- 61st Annual General Meeting held on July 29, 2026, via video conferencing.
- Meeting duration was 49 minutes, concluding at 3:49 p.m. IST.
- Remote e-voting was conducted between July 27 and July 28, 2026.
- Shareholders considered FY26 financial results featuring ₹1,335.15 Cr revenue and 17.41% OPM.
- Management discussed the ₹200 Cr capacity expansion plan targeted for completion by FY28.
NRB Bearing's 61st AGM speeches highlight a strong FY26 performance with consolidated PAT rising 77% to ₹146 Cr and revenue reaching ₹1,335 Cr. The company is executing a strategic pivot from a component supplier to a 'friction solutions' partner, targeting six high-growth vectors including Aerospace, Robotics, and EVs. A ₹200 Cr capacity expansion is currently underway for completion by FY28 to support this transition. Financial metrics showed significant improvement, with ROCE rising 7% to reach 20% in FY26.
- Consolidated Profit After Tax (PAT) increased by 77% to ₹146 Cr in FY26
- Consolidated Revenue grew 11% YoY to reach ₹1,335 Cr
- Return on Capital Employed (ROCE) improved by 7% to reach 20% in FY26
- Ongoing ₹200 Cr capacity expansion project targeted for completion by FY28
- Identified six growth vectors including Aerospace, Robotics, and Mission-Critical Friction Solutions
NRB Bearing reported a strong FY26 with revenue growing 11% to ₹1,335 crore and PAT surging 77% to ₹146 crore. The company is executing a strategic pivot from traditional bearings to high-margin 'friction solutions' across six vectors, including aerospace, EVs, and robotics. Management highlighted that many of these new segments represent $10 million market opportunities. The strategy focuses on using an acquired aerospace platform to bypass long certification lead times while maintaining a very low debt-to-equity ratio of 0.04.
- Profit After Tax (PAT) increased by 77% to ₹146 crore on a consolidated basis for FY26
- Consolidated ROCE improved by 7% to reach 20% in FY26, demonstrating efficient capital deployment
- Revenue from operations grew 11% YoY to ₹1,335 crore, driven by structural actions and diversification
- Identified multiple new growth verticals, such as aerospace and robotics, as $10 million market opportunities
- Maintained a young workforce with 34% of employees below the age of 33 to drive digitization and agility
Financial Performance
Revenue Growth by Segment
Revenue for FY25 grew 5.36% to INR 1,077.52 Cr. Segment split: Two/Three-wheelers (31%), Commercial Vehicles (26-29%), Passenger Vehicles (17%), Industrial (15%), and Aftermarket (12%). H1FY26 revenue reached INR 635.3 Cr, up 7.5% YoY.
Geographic Revenue Split
Domestic sales contributed 76.4% (INR 823.62 Cr, up 6.19% YoY) and Exports contributed 23.6% (INR 253.90 Cr, up 2.74% YoY) in FY25.
Profitability Margins
Gross margins sustained at 54-55%. Operating margin for FY25 was 16.73% (vs 16.23% in FY24). PAT margin for H1FY26 improved to 11.3% from 10.2% YoY.
EBITDA Margin
EBITDA margin for H1FY26 was 20.3%, up from 18.6% YoY. EBITDA for H1FY26 stood at INR 128.7 Cr, representing a 17.4% YoY increase.
Capital Expenditure
Planned total capex of INR 300-325 Cr over the medium term, including INR 200 Cr for new capacities expected to drive growth by FY28.
Credit Rating & Borrowing
CRISIL A1+ rating for commercial paper. Borrowing costs are supported by a healthy interest cover expected to remain above 10 times over the medium term.
Operational Drivers
Raw Materials
Steel and bearing components represent the primary material cost, which accounted for 45.82% of turnover in FY25 (INR 493.77 Cr).
Import Sources
Forex exposure indicates imports from Europe (Euro) and USA (USD). Specific state/country sourcing not explicitly detailed.
Capacity Expansion
Waluj plant returned to full capacity in Q4FY25 following a fire. New capacity expansion of INR 200 Cr is underway for completion by FY28.
Raw Material Costs
Material costs were 45.82% of revenue in FY25, a slight decrease from 46.92% in FY24, reflecting cost-optimization and price pass-through abilities.
Manufacturing Efficiency
Utilizes automated production and assembly machinery designed in-house. Waluj plant fire recovery restored full capacity by Q4FY25.
Logistics & Distribution
Not disclosed as a specific percentage of revenue, but identified as a focus area for cost optimization.
Strategic Growth
Expected Growth Rate
10-15%
Growth Strategy
Achieving growth through a shift from bearing products to friction solutions, expansion into aerospace (spherical bearings), defense, and EV segments, and a INR 200 Cr capacity expansion for FY28.
Products & Services
Ball and roller bearings, needle bearings, cylindrical roller bearings, spherical bearings, and friction solutions.
Brand Portfolio
NRB Bearings.
New Products/Services
New products in the electric vehicle (EV) segment and spherical bearings for the aerospace industry designed in the engineering center.
Market Expansion
Expanding global footprint and increasing penetration in unaddressed industrial segments, aftermarket, and defense.
Market Share & Ranking
Market leader in needle and cylindrical roller bearing segments in India.
Strategic Alliances
Collaboration with Europe’s largest application-oriented research organization for laser and additive technologies.
External Factors
Industry Trends
The industry is shifting toward EV-agnostic products and industrial mobility. NRB is positioning itself as a friction solutions provider to adapt to these shifts.
Competitive Landscape
Faces pricing pressure from automotive OEMs and competition from other bearing manufacturers.
Competitive Moat
Moat is built on market leadership in needle bearings, in-house machine design capabilities, and 70-100% supplier share with key OEMs.
Macro Economic Sensitivity
Sensitive to global growth deceleration (3.2% to 2.9%) and domestic auto sector cyclicality.
Consumer Behavior
Shift toward electric vehicles is driving demand for new technology-agnostic bearing products.
Geopolitical Risks
Ongoing conflicts in Europe and the Middle East create headwinds for global trade and supply chain stability.
Regulatory & Governance
Industry Regulations
Compliance with IND AS 108 for segment reporting and Enterprise Wide Risk Management frameworks.
Environmental Compliance
Total CSR obligation for the financial year was INR 2.24 Cr.
Taxation Policy Impact
Effective tax rate of approximately 23.8% based on H1FY26 PBT of INR 97.38 Cr and Tax of INR 23.16 Cr.
Legal Contingencies
Promoter Harshbeena Zaveri pledged 22.61% of total share capital (2,19,14,877 shares) as of December 4, 2025.
Risk Analysis
Key Uncertainties
Fire accidents (like the Waluj incident) and global trade policy uncertainties could impact revenue by over 5% annually.
Geographic Concentration Risk
76.4% of revenue is concentrated in the domestic Indian market.
Third Party Dependencies
Dependency on automotive OEMs for 60-65% of revenue.
Technology Obsolescence Risk
Risk of EV transition is being mitigated by developing technology-agnostic products and friction solutions.
Credit & Counterparty Risk
Debtors turnover ratio improved to 4.07 in FY25, indicating healthy receivables management.
