NRB Bearings Limited (NRBBEARING.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-19.2%

₹378.62

vs ₹468.50 price

Levered DCF

₹159.48

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	14.68×	25.29×	11.92×	13.77×	15.21×	19.51×	17.81×	16.88×
P/B	2.18×	2.19×	3.32×	1.94×	1.89×	2.04×	1.25×	3.88×
P/S	1.57×	1.68×	2.61×	1.23×	1.19×	1.4×	0.75×	1.91×
EV / EBITDA	8.53×	12.44×	7.8×	8.29×	8.63×	10.31×	8.53×	9.98×
Gross margin	41.0%	42.3%	60.3%	61.7%	52.9%	53.8%	51.0%	55.2%
Operating margin	13.1%	12.7%	44.3%	11.4%	10.5%	9.2%	7.0%	16.1%
Net margin	10.7%	6.6%	21.9%	8.9%	7.8%	7.2%	4.2%	11.3%
Current ratio	2.26×	2.4×	2.54×	1.71×	1.64×	1.66×	1.3×	1.51×
Debt / equity	0.16×	0.2×	0.21×	0.49×	0.51×	0.49×	0.79×	0.6×
Interest coverage	20.38×	13.69×	21.74×	6.12×	5.38×	3.08×	2.57×	9.76×
Dividend yield	4.6%	0.1%	1.2%	1.0%	0.3%	0.0%	7.1%	0.6%
Payout ratio	67.8%	1.5%	14.2%	14.1%	4.5%	0.1%	127.1%	10.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.8%	8.7%	27.8%	14.1%	12.4%	10.4%	7.0%	23.0%
Return on invested capital	11.4%	9.6%	34.4%	8.8%	7.9%	7.3%	4.5%	13.2%
Return on assets	10.5%	6.1%	19.3%	7.8%	6.8%	5.7%	3.3%	11.4%
Free cash flow yield	6.1%	-0.3%	2.3%	1.6%	-1.3%	11.5%	6.4%	-1.2%
Earnings yield	6.8%	4.0%	8.4%	7.3%	6.6%	5.1%	5.6%	5.9%
Enterprise value	₹22.2B	₹21.4B	₹29.7B	₹15.6B	₹13.6B	₹12.3B	₹8.6B	₹20.8B
Net debt / EBITDA	0.46×	0.76×	0.31×	1.4×	1.53×	1.5×	2.84×	1.2×
Cash conversion cycle (days)	209	242	328	293	242	198	237	210