The shares of the prominent bearing manufacturer gained up to 2 percent after the company announced an expansion plan for its manufacturing capabilities and R&D with a capital expenditure of Rs 200 crore.
Price Movement
With a market capitalization of Rs 2,194.81 crore, the shares of NRB Bearings Ltd were trading at Rs 226.45 per share, increasing around 0.11 percent as compared to the previous closing price of Rs 226.20 per share.
Reason for Rise
The shares of NRB Bearings Ltd have seen positive movement after the board of directors approved a Rs 200 crore investment over two years to expand manufacturing and R&D, supporting a Rs 600 crore pipeline from European Tier 1 customers like BMW, Stellantis, and Renault. The expansion focuses on increasing capacity for various bearings and upgrading heat treatment, infrastructure, and scalability.
The company is expanding its presence in the EV and hybrid vehicle segment, securing Rs 12 crore in additional lifetime business for next-generation E-Drive platforms from BMW, Stellantis, Renault, and Mercedes-Benz. This adds to its Rs 400 crore nominated business, with supply commitments lasting until 2030.
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Management Comments
Commenting on the performance, Ms. Harshbeena Zaveri, Managing Director, said, “These new nominations reaffirm our position as a trusted partner for Tier 1s and global OEMs. Our ability to win critical programs across EV, Hybrid, and ICE platforms demonstrates both the strength of our engineering and our focus on execution. With our expanded capacity and deepening role in E-Drive systems, the Company is well-positioned to support the future of mobility.”
Financial Growth
Looking forward to the company’s financial performance, revenue magnified by 8 percent from Rs 258 crore in Q3FY24 to Rs 279 crore in Q3FY25, Further, during the same time frame, net profit plummeted by 87 percent from Rs 166 crore to Rs 22 crore.
Domestic Customers
NRB Bearings dominates India’s market, with its products used in over 90 percent of vehicles. It holds a 75 percent market share in needle bearings and 56 percent in cylindrical bearings, supplying major brands like Honda, Bajaj, John Deere, Hero, Mahindra, Maruti Suzuki, Tata, Ashok Leyland, Sonalika, Eicher, TVS, and Royal Enfield.
Global Footprint
NRB Bearings has a strong global footprint, with presence across North America, Europe, Asia, and the Middle East. It operates manufacturing facilities, regional offices, and warehouses in key locations including the USA, Mexico, Germany, Dubai, India, Thailand, and Japan, supporting its extensive international operations and customer network.
Company Overview
NRB Bearings Limited is an India-based company that is engaged in the ball and roller bearings business. The Company’s products/services include needle roller bushes and cages, ball and roller bearings, and automobile components.
Written by Abhishek Singh
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