Products of this small-cap auto stock are used in 90 per cent of the vehicles that run on Indian roads!
The shares of the company have soared more than 5 per cent on the day.
NRB Bearings is one of the Top Gainers in the BSE group 'A.' NRB Bearings Ltd shares closed at Rs 178 with a 5.39 per cent gain on the day. The stock opened trading at Rs 171 and has since reached an intraday high and low of Rs 186 and Rs 171, respectively.
The company manufactures ball and roller bearings, which are used in the automotive and mobility industries. In India, NRB Bearings was a pioneer in the production of needle roller bearings. NRB bearings are found in more than 90 per cent of vehicles on Indian roads. The company's products are exported to 45 countries.
The company's revenue for the most recent June quarter was Rs 236 crore, with a net profit of Rs 24.46 crore. During FY22, the company generated a net profit of Rs 75.61 crore on revenue of Rs 944 crore.
The company's ROE and ROCE as of the end of FY22 are 13.7 per cent and 14.8 per cent, respectively. Additionally, it has a good dividend yield of 1.01 per cent.
The company is a part of the BSE Small-Cap index and has a market capitalisation of Rs 1776 crore. Currently, it has a PE ratio of 17.78x. The 52-week high and low of the stock are Rs 189.65 and Rs 106.7, respectively.