NRB Bearings Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 19 Jul 2026 | Auto Components | Market Cap: ₹4.4K Cr

NRB Bearings aims for a top-line target of around INR 2,500 crores by 2031, implying a CAGR of around 12-13%. NRB Bearings targets a top-line of around INR 2,500 crores by 2031, implying a CAGR of approximately 12%-13% from current levels.

From NRB Bearings Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹486

Market Cap

₹4.4K Cr

P/E Ratio

30.3

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NRB Bearings Ltd — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹372 Cr, net profit ₹42 Cr.

Full financials →

📊 Revenue & Sales Performance

→NRB Bearings aims for a top-line target of around INR 2,500 crores by 2031, implying a CAGR of around 12-13%.
→Growth plans include entering newer areas such as aerospace, construction equipment bearings, and expanding industrial segments.
→The company prefers prudent guidance, aiming to outperform conservative estimates rather than giving aggressive targets.
→Growth strategy includes alliances and JVs (e.g., Unitec JV) to penetrate newer segments quickly.
→Current capacities are full; upcoming capex of INR 270-400 crores over 2-3 years is planned to add capacity and drive incremental sales.
→The company focuses on profitable customer segments and plans continuous capacity improvements with tech advancements and automation.
→EBITDA margins expected to be maintained between 18-20% despite growth, indicating quality-driven expansion.
→Growth is agnostic to automotive sub-segments (ICE, hybrid, EV) with emphasis on volume and higher market share in existing product lines.

📈 Profitability & Margins

→NRB Bearings targets a top-line of around INR 2,500 crores by 2031, implying a CAGR of approximately 12%-13% from current levels.
→The company prefers prudent and conservative guidance, aiming to outperform internally rather than give aggressive public targets.
→EBITDA margins are expected to be maintained in the 18%-20% range despite growth and diversification into newer, potentially lower-margin segments.
→Aerospace business is targeted to have ~30% EBITDA margin, while high-volume segments like wheels may be lower (~16%-17%), balancing overall margins.
→Profit after tax has shown strong growth recently: 44% YoY increase for Q3 FY '26 and 27% for the 9-month period.
→EPS growth aligns with EBITDA and profit growth trends, supported by disciplined capital expenditure (~INR 300-400 crores in next 2-3 years) and enhanced operational efficiencies.
→The company’s strategy emphasizes reliable, sustainable, and diversified profitable growth rather than aggressive short-term jumps.

See what NRB Bearings Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→NRB Bearings has sanctioned INR 270 crores capex, staggered over 2-2.5 years.
→INR 110 crores of this capex is allocated to the JV with Unitec Group, expected to begin significant production in 15-18 months.
→Capex includes investments in advanced machinery (e.g., heat treatment, grinding) with varying lead times.
→The company focuses on continuous capacity addition through process improvements and partnerships, rather than massive one-time expansions.
→Additional capex beyond the current INR 270 crores depends on future partnerships to support growth beyond the INR 2,500 crores revenue target by 2031.
→The Mahant Tool Room acquisition aims to scale manufacturing for aerospace orders.
→Capex is geared to support entry into new segments such as aerospace, construction equipment, industrial machinery, and maintain EBITDA margins.
→Asset turns are expected around 1x, indicating potential turnover of ~INR 400 crores from current capex.

💰 Fundraising & Capital Structure

→NRB Bearings Limited has discussed planned capex of around INR270 crores to INR300-400 crores over the next 2-3 years.
→The company's typical debt-equity ratio is about 0.47 to 0.5, suggesting some portion of capex may be funded through debt.
→No explicit mention of upcoming fresh fundraising through new debt or equity in the transcript.
→The management highlighted strong credit rating of AA- from CRISIL, enabling access to optimal cost of capital for strategic opportunities like JVs and acquisitions.
→The capex and growth plans are being supported through internal accruals, partnerships, and prudent capital allocation rather than aggressive new fundraising.
→Overall, while capital expenditures are significant, there is no specific announcement or indication of immediate new equity or debt fundraising.

See what NRB Bearings Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

→Mahant Tool Room acquisition brought a ready order book conservatively valued at around INR 25 crores after due diligence.
→Mahant was unable to fulfill a large scale-up of orders, representing growth opportunity post-acquisition.
→Mahant specializes in designing and manufacturing sophisticated machine parts including landing gears, mission-critical fuel injection parts, and rod ends.
→No specific mention of the overall current or expected order book for NRB Bearings Limited beyond Mahant's order book.
→Company emphasizes diversification across automotive, industrial, aerospace, and defense sectors with steady growth in order inflows.
→JV and partnership initiatives such as Unitec provide faster customer approvals and access to new technologies and markets, potentially expanding order book.
→Management maintains focus on steady, resilient growth rather than giving aggressive forward guidance.

Key Metrics

What NRB Bearings's management said in earlier quarters

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Frequently Asked Questions

What were NRB Bearings Ltd Q3 FY26 results?

What is NRB Bearings Ltd share price analysis?

NRB Bearings Ltd currently shows a neutral. The stock trades at a P/E of 30.3 with a market cap of ₹4,436 Cr. Investors should review the full earnings analysis for detailed insights.

Is NRB Bearings Ltd planning capital expenditure?

NRB Bearings has sanctioned INR 270 crores capex, staggered over 2-2.5 years.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.