NRB Bearings Limited was established in 1965 as a pioneering manufacturer of needle roller bearings in India. The company is structured as an Indo-French joint venture between Nadella France and Trilochan Sahney, with a 26% stake held by the French partner. Based in Mumbai, India, NRB Bearings has grown to become one of the most trusted names in the bearing manufacturing industry.
Over 90% of vehicles running on Indian roads utilize bearings manufactured by NRB Bearings, establishing the company as a dominant force in the automotive sector. The company holds an estimated 60% market share in the needle roller bearing segment, making it the market leader in this specialized category. NRB Bearings is ISO 9001 certified and holds the distinction of being one of the best bearing manufacturing companies in India.
As of May 2025, NRB Bearings has a market capitalization of ₹2,648 crore. For the year ended 2024, NRB Bearings reported a profit of ₹241.51 crore on total income of ₹1,094.03 crore, with revenue of ₹1,199 crore and profit of ₹82.3 crore for FY24. The company has shown improvement with a net profit increase to ₹94 crore in recent reporting periods.
The latest quarterly results (March 2025 / Q1 FY26) showed a 15.7% increase in net sales to ₹329.29 crore, along with a significant reduction in net loss and a rise in EBITDA. However, the company posted a net loss of ₹1.34 crore for Q1 FY26.
• Q1 FY2025-26 Performance: Net Sales of ₹329.29 crore, Net Loss of ₹1.34 crore
• FY2023-24 Performance: Revenue of ₹1,199 crore, Profit of ₹82.3 crore
• Return on Equity: 13.7% over last 3 years
• Sales Growth: 9.09% over past five years
• Market Capitalization: ₹2,648 crore (as of May 2025)
• Promoter Holding: 51.20% (as of March 2025)
• P/E Ratio: 32.91 times (as of June 10, 2025)
• P/B Ratio: 2.79 times (as of June 10, 2025)
NRB Bearings is engaged in the manufacturing of ball and roller bearings, with applications spanning across the automotive sector and various mobility applications. The company offers a comprehensive range of friction solutions including:
* Drawn cup needle bearings
* Cylindrical roller bearings
* Polyamide and steel needle bearing cages
* Drawn cup cylindrical roller bearings
* Crank pins
* Full-complement needle bearings
* Special ball bearings
* Thrust bearings
* Formed strip cages for heavy gearboxes
* Tapered and spherical roller bearings
* Rocker-arm bearings
* Planetary shafts, and other special pins.
The company has established itself as a leader in needle roller bearings, conventional cylindrical roller bearings, and has developed a new generation of lightweight drawn cup bearings. NRB has diversified its manufacturing capabilities to include cylindrical roller bearings, spherical roller bearings, ball bearings, and taper roller bearings with technical expertise acquired from France.
NRB Bearings serves major automotive manufacturers including Maruti Udyog, Mahindra & Mahindra, Telco, and Ashok Leyland among others. NRB caters to the mobility sector, serving Indian original equipment manufacturers (OEMs) and tier I customers.
The company's promoter holding has increased to 51.20% as of March 2025, up from 50.69% as of June 2024. The promoters of NRB Bearings are Trilochan Santsingh Sahney and Harshbeena S Zaveri, who collectively own 48.48% of the total equity. The company has appointed Kishor Harish Talreja as Company Secretary and Compliance Officer, and Upendra Shukla & Associates as Secretarial Auditor for FY 2025-2030.
NRB Bearings has approved a ₹200 crore capital expenditure for capacity expansion across its plants to meet rising demand. The expansion aims to increase production capacity by 15% to 25% and will be financed through internal accruals and debt. The company has announced plans for investment in capacity expansion and R&D to support European OEMs.
The company has a history of strategic expansions, including the establishment of an Engineering Center in Thane in 1995 and capacity increases that led to 2.1 million units for various types of ball and roller bearings by 1999-2000.
The P/E ratio of NRB Bearings is 32.91 times as of June 10, 2025, representing a 20% discount to its peers' median range of 41.03 times. The P/B ratio stands at 2.79 times as of June 10, 2025, a 31% discount to its peers' median range of 4.04 times. According to analyst ratings, NRB Bearings has a target price of ₹328, representing a potential upside of 34.31% compared to recent trading levels.
NRB Bearings represents a significant player in India's bearing manufacturing industry, with strong market leadership in needle roller bearings and a comprehensive product portfolio serving the automotive and mobility sectors. The company's strategic expansion plans and established customer relationships position it for continued growth in the evolving automotive landscape.
