MultiBagger Stock | NRB Bearings Ltd | Investing | Finance | Advise | Stock and Shares | Dividend Stocks

28/02/2018 19:12:23
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Founded in 1965, NRB Bearings  Ltd has been making and marketing a wide range of high-precision friction roller bearings.  It was the first to manufacture needle bearings in the country.  More than 90% of the Indian automobiles are running on the roads fitted with NRB parts.  The company, recognised for quality and innovative designs, has three subsidiaries. They include SNL Bearings  Ltd, NRB Bearings Thailand Ltd, and NRB Bearings Europe GmbH. The company is controlling 73.45% stake in its listed subsidiary, SNL Bearings Ltd (BSE Code: 505827).  The company is also offering parts and solutions for all mobility applications. It is the leader in the needle bearings market.    

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With the implementation of Automotive Mission plan -2,  vehicle exports are to register five-fold increase while consumption of automotive components to record 7.5 times growth between 2016 and 2026.

In the third quarter ended December 31, 2017, the net profit of the company grew 200% to Rs 20.98 crorecompared to Rs 6.92 crore in the same period of the previous year.

The nine months ended December 2017 recorded a higher net profit of  Rs 55.71 crore compared to Rs 38 crore in the corresponding period of a year ago.

The company holds cash reserve s of nearly Rs 75 crore.  The promoters are controlling 54.09% of the equity capital of Rs 19.38 crore.  For the year 2016-17, it paid 70% dividend that equals Rs 1.40 per share of Rs 2.00.

The stock is a multibagger.     

BSE Code : 530367

Face Value: Rs 2.00

Market Price: Rs. 159.80/-  (As on 28 Feb 18 | 16:00)

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