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Earnings Call Transcript

NRB Bearings Earnings Call Transcript: Key Takeaways

NRB Bearings reports steady FY26 growth, with margins expanding through operational efficiencies despite global logistical disruptions and gas shortages impacting international logistics.

Why this was an Alfa AlertRevenue guidance raised from 4.0% to 15.0% (+11pp).
Guidance and delivery
Revenue guidance 4.0% → 15.0% Raised by 11.0 percentage points
Management target Revenue 15.0% FY27
Highlights
Revenue growthFull-year revenue grew 11% to INR 1,335 crore.
MarginsEBITDA margins expanded to 19.5% via solar energy and automation.
Order bookMahan Tool Rooms order book doubled to INR 50 crore post-acquisition.
Demand visibilityStrong domestic demand; international business expected to rebound significantly.
Management confidenceBalanced confidence; focused on long-term sustainability over quarterly fluctuations.

Growth

Revenue grew 11% to INR 1,335 crore; EBITDA rose 19% with margins expanding to 19.5% from 18.3%.

Outlook

Management raised international business growth guidance to 10-15% and set a target of INR 2,500 crore revenue by FY31.

Risks

Foreign exchange volatility impacted Q4 gross margins; high dependence on international logistics and Middle East stability remains a concern.

Last quarter's promises, checked

Delivered

  • EBITDA margin expansion → delivered 19.5% from 18.3% (= BEAT)
  • International business growth → delivered 4% growth (= BEAT)
  • Mahant Tool acquisition integration → delivered INR 50cr order book (= BEAT)

Partly delivered

  • Capacity utilization → delivered 85% reported but near-full effective (= PARTIAL)

Missed

  • Gross margins >60% → delivered <60% in Q4 due to forex (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: NRBBEARING. Summary written with AI assistance from the document.

Read the document ↗

NRB Bearings Ltd: key numbers

Share price
₹534.80
Market cap
₹5,183 Cr
Revenue (annual)
₹1,335 Cr
Net profit (annual)
₹142.8 Cr
P/E (TTM)
35.1×Sector 53.6×
Promoter holding
44.73%-6.47% QoQ
FII holding
18.92%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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14:41 IST BSE
Share Pledge

NRB Bearings Share Pledge

Harshbeena Zaveri, a promoter of NRB Bearings Ltd, released a pledge on 7,00,254 shares following loan prepayment. Separately, the promoter sold 18,450 shares via market sale for Rs. 1.00 Crore.

Value
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13:33 IST BSE
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NRB Bearings Price Movement Clarification

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10:17 IST BSE
Promoter Selling

NRB Bearings Promoter Selling

NRB Bearings promoter Trilochan Singh Sahney Trust 1 sold 5,00,000 shares on the market, reducing its stake from 0.53% to 0.01%. No transaction price disclosed.

10:11 IST BSE
Share Pledge

NRB Bearings Share Pledge

Promoter Harshbeena Sahney Zaveri released pledge on 23,00,000 NRB Bearings shares held by Tata Capital. Post-release, 30,00,254 shares remain encumbered.

20:36 IST BSE
Share Pledge

NRB Bearings Share Pledge

Promoter entities sold 510,000 shares and released 2,300,000 shares from pledge. The aggregate transaction value of these reported changes is ₹136.36 Crore.

Value
₹136.4 Cr