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Name of Company | NRB bearings |
BSE Code | 530367 |
NSE Code |
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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 | |
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. |
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May 15, 2010
NRB bearings 530367
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after 1:1 bonus, the stock price is at 53. more than 20% increase if bought in May 2010 @ 82
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