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May 15, 2010

NRB bearings 530367

 

 

Name of Company

NRB bearings

BSE Code

530367

NSE Code

 

ICICI Code

Established

1965

My Take

Like

Headquarters

Mumbai

Promoters

Sahney family

Story

Needle Roller bearings (NRB) was Established as a Indo-French JV with Nadella (France) and was terminated in 2005. Manufacturing units in Thane, Hyderabad and Pant nagar Uttrakhand. Produces for Bajaj, hero Honda, Tata motors, Mahindra.

Sector

Manufacturing

Sub-sector

Bearings for auto and industrial applications

Website

http://www.nrbbearings.com/

Positives

Owns 69% of SNL bearings. 74% owned by Sahney family. Regular dividend paying stock. The company has announced that it will invest Rs. 100 Cr every 3 years.

Negatives

At Rs. 82, market cap is 400 Cr, for annual revenue of 300 Cr in FY09 is high.

Peers

 

1 comment:

  1. after 1:1 bonus, the stock price is at 53. more than 20% increase if bought in May 2010 @ 82

    ReplyDelete

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