Bearing the world with huge impact !

Introduction

NRB Bearings, formerly known as National Engineering Industries Limited (NEI), is a leading manufacturer of bearings in India and has a global presence. NRB Bearings has a strong track record of innovation, quality, and customer satisfaction, making it a notable player in the bearing industry. 90% of India’s automobile bearing’s are said to come from this co.

Bearings play a pivotal role in the machinery and automotive industry by reducing friction between moving parts and ensuring the smooth operation of various components.

Market Share
Strong client relationships, promoters’ in-depth and long-standing experience, and in-house Research and development facilities have resulted in NRB having a 60% market share in Needle bearing industry in India.NRB Bearings has a strong market presence, both domestically and internationally. They serve a diverse customer base that includes original equipment manufacturers (OEMs) in the automotive sector, industrial machinery manufacturers, and the Indian Railways. The company’s commitment to quality and technological innovation has earned them a reputation for reliability and high-performance products.

Subsidiaries

• SNL Bearings Limited
• NRB Bearings (Thailand) Limited
• NRB Bearings Europe GmbH
• NRB US Inc.

Portfolio

NRB Bearings offers a diverse range of bearing products, catering to various industries, including automotive, industrial, and railway sectors. Their product portfolio includes:

• Ball Bearings
• Cylindrical Roller Bearings
• Spherical Roller Bearings
• Tapered Roller Bearings
• Needle Roller Bearings
• Thrust Bearings

Restructuring Manufacturing capabilities
To Build a leaner and more flexible manufacturing structure with a focus on in-house toolroom and more insourcing for cost optimization, the co. has undertaken the completion of the Long pending closure of the Thane plant and disposal of the Chikalthana facility at Aurangabad, which will be fully absorbed at their larger facilities. 

Financials :

The PAT has seen a significant growth in the meantime financials are stable as follows :

NRB Bearings Q1 FY24 Financial Performance :
Revenue at Rs. 272 crores, growth of 15.2% y-o-y
EBITDA at Rs. 45 crores, growth of 5.7% y-o-y
PAT at Rs. 19 crores, growth of -22.4% y-o-y

Strengths:

• Strong market presence and brand recognition.
• Diverse product portfolio catering to various industries.
• Commitment to research and development.
• Quality-focused manufacturing processes.

Opportunities:

• Expanding international market share.
• Leveraging digital technology for advanced manufacturing and supply chain management.
• Growing demand for energy-efficient bearings in the industry.

Outlook :

We have a firm look of the co. as growing ev sector they are manufacturing and supplying the bearing to almost many leading automobile companies out there and looking forward the market share and new opportunities in overseas also they are poised for a growth to continue from here.