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NRB Industrial Bearings

NSEI:NIBL
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NIBL
NSEI
₹156M
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

NRB Industrial Bearings Limited manufactures and sells ball and roller bearings for industrial applications in India. The last earnings update was 65 days ago. More info.


Add to Portfolio Compare Print
  • NRB Industrial Bearings has significant price volatility in the past 3 months.
NIBL Share Price and Events
7 Day Returns
-3.9%
NSEI:NIBL
1.8%
IN Machinery
5.7%
IN Market
1 Year Returns
-78.1%
NSEI:NIBL
-39.3%
IN Machinery
-26.5%
IN Market
NIBL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NRB Industrial Bearings (NIBL) -3.9% -21.4% -18.2% -78.1% -85.1% -87.4%
IN Machinery 1.8% -23.7% -32% -39.3% -38.8% -28.1%
IN Market 5.7% -15.5% -26.4% -26.5% -18.9% -8.7%
1 Year Return vs Industry and Market
  • NIBL underperformed the Machinery industry which returned -39.3% over the past year.
  • NIBL underperformed the Market in India which returned -26.5% over the past year.
Price Volatility
NIBL
Industry
5yr Volatility vs Market

NIBL Value

 Is NRB Industrial Bearings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of NRB Industrial Bearings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NRB Industrial Bearings.

NSEI:NIBL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 22.2%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:NIBL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.998 (1 + (1- 35%) (776.14%))
4.372
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (2 * 7.85%)
22.18%

Discounted Cash Flow Calculation for NSEI:NIBL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NRB Industrial Bearings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NSEI:NIBL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 22.18%)
2020 14.54 Est @ 8.89% 11.90
2021 15.72 Est @ 8.17% 10.53
2022 16.93 Est @ 7.66% 9.28
2023 18.17 Est @ 7.31% 8.15
2024 19.45 Est @ 7.06% 7.14
2025 20.79 Est @ 6.89% 6.25
2026 22.19 Est @ 6.76% 5.46
2027 23.68 Est @ 6.68% 4.77
2028 25.24 Est @ 6.62% 4.16
2029 26.90 Est @ 6.58% 3.63
Present value of next 10 years cash flows ₹71.00
NSEI:NIBL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹26.90 × (1 + 6.48%) ÷ (22.18% – 6.48%)
₹182.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹182.47 ÷ (1 + 22.18%)10
₹24.61
NSEI:NIBL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹71.00 + ₹24.61
₹95.61
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹95.61 / 24.23
₹3.95
NSEI:NIBL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:NIBL represents 0.77103x of BSE:535458
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.77103x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 3.95 x 0.77103
₹3.04
Value per share (INR) From above. ₹3.04
Current discount Discount to share price of ₹4.95
= -1 x (₹4.95 - ₹3.04) / ₹3.04
-62.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of NRB Industrial Bearings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NRB Industrial Bearings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NRB Industrial Bearings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:NIBL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹-8.07
BSE:535458 Share Price ** BSE (2020-04-09) in INR ₹6.42
India Machinery Industry PE Ratio Median Figure of 142 Publicly-Listed Machinery Companies 10.16x
India Market PE Ratio Median Figure of 2,616 Publicly-Listed Companies 9.64x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NRB Industrial Bearings.

NSEI:NIBL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:535458 Share Price ÷ EPS (both in INR)

= 6.42 ÷ -8.07

-0.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NRB Industrial Bearings is loss making, we can't compare its value to the IN Machinery industry average.
  • NRB Industrial Bearings is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does NRB Industrial Bearings's expected growth come at a high price?
Raw Data
NSEI:NIBL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Machinery Industry PEG Ratio Median Figure of 11 Publicly-Listed Machinery Companies 1.01x
India Market PEG Ratio Median Figure of 399 Publicly-Listed Companies 0.85x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for NRB Industrial Bearings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NRB Industrial Bearings's assets?
Raw Data
NSEI:NIBL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹-3.77
BSE:535458 Share Price * BSE (2020-04-09) in INR ₹6.42
India Machinery Industry PB Ratio Median Figure of 169 Publicly-Listed Machinery Companies 0.84x
India Market PB Ratio Median Figure of 3,614 Publicly-Listed Companies 0.65x
NSEI:NIBL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:535458 Share Price ÷ Book Value per Share (both in INR)

= 6.42 ÷ -3.77

-1.7x

* Primary Listing of NRB Industrial Bearings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NRB Industrial Bearings has negative assets, we can't compare the value of its assets to the IN Machinery industry average.
X
Value checks
We assess NRB Industrial Bearings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. NRB Industrial Bearings has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NIBL Future Performance

 How is NRB Industrial Bearings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NRB Industrial Bearings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.3%
Expected Machinery industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NRB Industrial Bearings expected to grow at an attractive rate?
  • Unable to compare NRB Industrial Bearings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare NRB Industrial Bearings's earnings growth to the India market average as no estimate data is available.
  • Unable to compare NRB Industrial Bearings's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:NIBL Future Growth Rates Data Sources
Data Point Source Value (per year)
India Machinery Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
India Machinery Industry Revenue Growth Rate Market Cap Weighted Average 9.9%
India Market Earnings Growth Rate Market Cap Weighted Average 19.5%
India Market Revenue Growth Rate Market Cap Weighted Average 8.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:NIBL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:NIBL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 476 -195
2019-09-30 495 34 -184
2019-06-30 528 -152
2019-03-31 561 53 -138
2018-03-31 434 -6 -205
2017-03-31 396 39 -199

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if NRB Industrial Bearings is high growth as no earnings estimate data is available.
  • Unable to determine if NRB Industrial Bearings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:NIBL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from NRB Industrial Bearings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:NIBL Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 -8.07
2019-09-30 -7.59
2019-06-30 -6.27
2019-03-31 -5.70
2018-03-31 -8.44
2017-03-31 -8.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if NRB Industrial Bearings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of NIBL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. NRB Industrial Bearings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. NRB Industrial Bearings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess NRB Industrial Bearings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NRB Industrial Bearings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NIBL Past Performance

  How has NRB Industrial Bearings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NRB Industrial Bearings's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NRB Industrial Bearings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare NRB Industrial Bearings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare NRB Industrial Bearings's 1-year growth to the IN Machinery industry average as it is not currently profitable.
Earnings and Revenue History
NRB Industrial Bearings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NRB Industrial Bearings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:NIBL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 476.14 -195.29 174.11
2019-09-30 495.15 -183.67 180.87
2019-06-30 528.26 -152.15 176.68
2019-03-31 560.95 -138.05 176.16
2018-03-31 434.33 -204.57 160.57
2017-03-31 396.00 -198.88 140.05
2016-12-31 392.04 -152.33 140.34
2016-09-30 380.55 -158.82 100.64
2016-06-30 389.64 -172.74 131.51
2016-03-31 398.81 -192.00 127.99
2015-12-31 372.67 -176.92 170.27
2015-09-30 360.77 -199.18 166.54
2015-06-30 329.16 -205.73 161.67
2015-03-31 298.66 -199.71 111.97
2014-12-31 287.39 -169.80 103.81
2013-12-31 240.15 -185.35 121.09

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if NRB Industrial Bearings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if NRB Industrial Bearings has efficiently used its assets last year compared to the IN Machinery industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if NRB Industrial Bearings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess NRB Industrial Bearings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NRB Industrial Bearings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NIBL Health

 How is NRB Industrial Bearings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up NRB Industrial Bearings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NRB Industrial Bearings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • NRB Industrial Bearings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of NRB Industrial Bearings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • NRB Industrial Bearings has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NRB Industrial Bearings Company Filings, last reported 3 months ago.

NSEI:NIBL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -91.21 1,207.37 4.57
2019-09-30 -91.21 1,207.37 4.57
2019-06-30 -14.53 1,203.93 7.17
2019-03-31 -14.53 1,203.93 7.17
2018-03-31 35.22 1,239.55 6.76
2017-03-31 23.44 1,316.00 1.09
2016-12-31
2016-09-30
2016-06-30 98.44 1,267.54 2.83
2016-03-31 98.44 1,267.54 2.83
2015-12-31 82.94 1,350.63 2.01
2015-09-30 82.94 1,350.63 2.01
2015-06-30 190.42 1,240.40 1.75
2015-03-31 190.42 1,240.40 1.75
2014-12-31 216.81 936.20 5.88
2013-12-31 386.62 1,101.60 4.67
  • NRB Industrial Bearings has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if NRB Industrial Bearings's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making NRB Industrial Bearings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making NRB Industrial Bearings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -62.5% per year.
X
Financial health checks
We assess NRB Industrial Bearings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NRB Industrial Bearings has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NIBL Dividends

 What is NRB Industrial Bearings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from NRB Industrial Bearings dividends.
If you bought ₹2,000 of NRB Industrial Bearings shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate NRB Industrial Bearings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate NRB Industrial Bearings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:NIBL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Machinery Industry Average Dividend Yield Market Cap Weighted Average of 100 Stocks 2%
India Market Average Dividend Yield Market Cap Weighted Average of 1419 Stocks 1.8%
India Minimum Threshold Dividend Yield 10th Percentile 0.4%
India Bottom 25% Dividend Yield 25th Percentile 0.9%
India Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as NRB Industrial Bearings has not reported any payouts.
  • Unable to verify if NRB Industrial Bearings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of NRB Industrial Bearings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as NRB Industrial Bearings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess NRB Industrial Bearings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NRB Industrial Bearings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NRB Industrial Bearings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NIBL Management

 What is the CEO of NRB Industrial Bearings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Devesh Sahney
COMPENSATION ₹0
AGE 51
CEO Bio

Mr. Devesh Singh Sahney, BBA (UK), MBA, is the Chairman at NRB Industrial Bearings Limited since November 2018. Mr. Sahney serves as Managing Director at NRB Industrial Bearings Limited and has been its Executive Director since February 24, 2011. Mr. Sahney served as Director of Strategic Sourcing at Nrb Bearings Ltd. and has been its Non-Executive Non-Independent Director since May 25, 2001. Mr. Sahney has over 19 years of experience. He worked with Larsen & Tubro(Bombay) in the Finance department, L&T is a technology, engineering, construction and manufacturing company; one of the largest and most respected companies in India's private sector. Followed by working with Credi Lyonnais, French Bank in Bombay in various departments, He served as Non-Executive Non-Independent Director of Nrb Bearings Ltd. and previously served Whole time Director from May 2001 to October 2012. He serves as a Director of NRB-IBC Bearings Pvt. Ltd. and Schneeberger India Pvt. Ltd. He had won a Special Award for Leadership and gave the Valedictorian Speech during the graduation ceremony a Philippines. Mr. Sahney holds Program for Management Development (Harvard Business School, (Comprehensive Leadership Course) in 2005, (Executive) Masters in Business Administration, With a concentration in General Management; from the Asian Institute of Management (Philippines) in 2003 and Bachelor in Business Administration and Economics With a double concentration in Financial Accounting and International Business; from Richmond University, London in 1992.

CEO Compensation
  • Devesh's compensation has increased whilst company is loss making.
  • Devesh's remuneration is lower than average for companies of similar size in India.
Management Team

Devesh Sahney

TITLE
MD & Chairman
AGE
51

Gulestan Kolah

TITLE
Chief Financial Officer
TENURE
0.2 yrs

Ratika Gandhi

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹834K
TENURE
4.1 yrs
Board of Directors Tenure

Average tenure of the NRB Industrial Bearings board of directors in years:

1.4
Average Tenure
  • The average tenure for the NRB Industrial Bearings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Devesh Sahney

TITLE
MD & Chairman
AGE
51
TENURE
1.4 yrs

Manish Choksi

TITLE
Independent Director
AGE
52
TENURE
5.9 yrs

Gaurav Motwane

TITLE
Independent Director
TENURE
4.4 yrs

Nikhilesh Panchal

TITLE
Non-Executive & Independent Director
TENURE
1.2 yrs

Aarti Sahney

TITLE
Non-Executive Non-Independent Additional Director
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by NRB Industrial Bearings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
20. Mar 20 Buy Mallika Sahney Individual 18. Mar 20 19. Mar 20 20,480 ₹6.13 ₹125,295
16. Mar 20 Buy Mallika Sahney Individual 12. Mar 20 13. Mar 20 29,050 ₹6.48 ₹184,474
12. Mar 20 Buy Mallika Sahney Individual 09. Mar 20 09. Mar 20 1,006 ₹6.54 ₹6,578
11. Mar 20 Buy Mallika Sahney Individual 06. Mar 20 06. Mar 20 19,418 ₹6.12 ₹118,924
06. Mar 20 Buy Mallika Sahney Individual 05. Mar 20 05. Mar 20 23,449 ₹5.82 ₹136,368
04. Mar 20 Buy Mallika Sahney Individual 03. Mar 20 03. Mar 20 7,450 ₹5.41 ₹40,272
26. Feb 20 Buy Mallika Sahney Individual 24. Feb 20 24. Feb 20 320,606 ₹4.03 ₹1,290,571
26. Feb 20 Buy Mallika Sahney Individual 24. Feb 20 24. Feb 20 123,846 ₹4.03 ₹498,531
X
Management checks
We assess NRB Industrial Bearings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NRB Industrial Bearings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NIBL News

Simply Wall St News

What Kind Of Shareholders Own NRB Industrial Bearings Limited (NSE:NIBL)?

See our latest analysis for NRB Industrial Bearings NSEI:NIBL Ownership Summary, August 5th 2019 What Does The Institutional Ownership Tell Us About NRB Industrial Bearings? … We can see that NRB Industrial Bearings does have institutional investors; and they hold 5.5% of the stock. … General Public Ownership The general public, who are mostly retail investors, collectively hold 72% of NRB Industrial Bearings shares.

Simply Wall St -

Did NRB Industrial Bearings Limited (NSE:NIBL) Insiders Sell Shares?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for NRB Industrial Bearings NRB Industrial Bearings Insider Transactions Over The Last Year While no particular insider transaction stood out, we can still look at the overall trading. … NSEI:NIBL Recent Insider Trading, July 10th 2019 Insider Ownership Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. … Still, the insider transactions at NRB Industrial Bearings in the last 12 months are not very heartening.

Simply Wall St -

What Kind Of Shareholder Owns Most NRB Industrial Bearings Limited (NSE:NIBL) Stock?

A look at the shareholders of NRB Industrial Bearings Limited (NSE:NIBL) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … NRB Industrial Bearings is a smaller company with a market capitalization of ₹491m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Can You Imagine How Elated NRB Industrial Bearings's Shareholders Feel About Its 333% Share Price Gain?

While NRB Industrial Bearings Limited (NSE:NIBL) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 20% in the last quarter. … Given that NRB Industrial Bearings didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … Shareholders of unprofitable companies usually expect strong revenue growth.

Simply Wall St -

What Kind Of Shareholder Appears On The NRB Industrial Bearings Limited's (NSE:NIBL) Shareholder Register?

A look at the shareholders of NRB Industrial Bearings Limited (NSE:NIBL) can tell us which group is most powerful. … With a market capitalization of ₹561m, NRB Industrial Bearings is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for NRB Industrial Bearings

Simply Wall St -

Breaking Down NRB Industrial Bearings Limited's (NSE:NIBL) Ownership Structure

In this article, I will take a quick look at NRB Industrial Bearings Limited’s (NSE:NIBL) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

Should You Be Holding NRB Industrial Bearings Limited (NSE:NIBL) Right Now?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … NIBL's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … However, this is the opposite to what NIBL’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

Why NRB Industrial Bearings Limited's (NSE:NIBL) Investor Composition Impacts Your Returns

In general, this level of insider ownership has negatively affected underperforming (consistently low PE ratio) companies and positively affected the companies that outperform (consistently high PE ratio). … General Public Ownership The general public holds a substantial 15.55% stake in NIBL, making it a highly popular stock among retail investors. … Next Steps: Institutional ownership level and composition in NIBL is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

Is NRB Industrial Bearings Limited (NSE:NIBL) A Financially Sound Company?

With this reduction in debt, NIBL currently has ₹2.64M remaining in cash and short-term investments , ready to deploy into the business. … Additionally, NIBL has produced ₹38.50M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 3.31%, indicating that NIBL’s debt is not appropriately covered by operating cash. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: With a high level of debt on its balance sheet, NIBL could still be in a financially strong position if its cash flow also stacked up.

Simply Wall St -

Want To Invest In NRB Industrial Bearings Limited (NSE:NIBL)? Here's How It Performed Lately

When NRB Industrial Bearings Limited's (NSEI:NIBL) announced its latest earnings (31 March 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were NRB Industrial Bearings's average earnings over the past couple of years, and its industry performance. … View our latest analysis for NRB Industrial Bearings Were NIBL's earnings stronger than its past performances and the industry?

Simply Wall St -

NIBL Company Info

Description

NRB Industrial Bearings Limited manufactures and sells ball and roller bearings for industrial applications in India. The company offers deep groove ball bearings, wide inner ring ball bearings and housed units, spherical and cylindrical roller bearings, bottom and needle roller bearings, and cam followers. It also operates as an agent for manufacturers to supply various types of bearings, including tapered roller bearings, linear guides, and slewing ring bearings. The company's products has applications in the factory automation, electrical, medical, renewable, power generation, oil and gas, food and beverage, paper and pulp, metal, mining and mineral processing, materials handling, machine tool, transmission, fluid machinery, and textile industries. It also exports its products. NRB Industrial Bearings Limited was incorporated in 2011 and is headquartered in Mumbai, India.

Details
Name: NRB Industrial Bearings Limited
NIBL
Exchange: NSEI
Founded: 2011
₹155,560,773
24,230,650
Website: http://www.nrbindustrialbearings.com
Address: NRB Industrial Bearings Limited
Dhannur, 15,
2nd Flooor,
Mumbai,
Maharashtra, 400001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 535458 Equity Shares Mumbai Stock Exchange IN INR 09. Apr 2013
NSEI NIBL Equity Shares National Stock Exchange of India IN INR 09. Apr 2013
Number of employees
Current staff
Staff numbers
272
NRB Industrial Bearings employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 14:05
End of day share price update: 2020/04/09 00:00
Last earnings filing: 2020/02/04
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.