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Commentary (9 May 2024 @ 05:59):

NRB Bearings Limited engages in the manufacture and sale of the ball and roller bearings to original equipment manufacturers in India and internationally...

Stats
Today's Volume	212 482
Average Volume	250 335
Market Cap	29.71B
EPS	INR0 ( 2024-02-12 )
Next earnings date	( INR2.20 ) 2024-05-27
Last Dividend	INR1.000 ( 2023-09-22 )
Next Dividend	INR0 ( N/A )
P/E	12.24
ATR14	INR0.595 (0.19%)

Volume Correlation

Long: 0.12 (neutral)

Short: 0.78 (moderate)

Signal:(41.834) Neutral

NRB Bearings Limited Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

NRB Bearings Limited Correlation - Currency/Commodity

0.62
( weak )

0.66
( moderate )

0.63
( weak )

0.66
( moderate )

-0.62
( weak negative )

-0.31
( neutral )

NRB Bearings Limited Financials

Annual	2022
Revenue:	INR10.57B
Gross Profit:	INR6.49B (61.36 %)
EPS:	INR9.70

FY	2022
Revenue:	INR10.57B
Gross Profit:	INR6.49B (61.36 %)
EPS:	INR9.70

FY	2022
Revenue:	INR9.20B
Gross Profit:	INR4.94B (53.67 %)
EPS:	INR7.56

FY	2021
Revenue:	INR7.50B
Gross Profit:	INR4.06B (54.15 %)
EPS:	INR5.58

Financial Reports:

No articles found.

NRB Bearings Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR2.00 (N/A)	INR0 (N/A)	INR0 (N/A)	INR4.10 (N/A)	INR1.000 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

NRB Bearings Limited Dividend Information - Dividend Junior

Dividend Sustainability Score: 4.35 - low (44.69%) | Divividend Growth Potential Score: 3.83 - Decrease likely (23.48%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR2.50	2002-08-19
Last Dividend	INR1.000	2023-09-22
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	26	--
Total Paid Out	INR52.85	--
Avg. Dividend % Per Year	1.22%	--
Score	2.48	--
Div. Sustainability Score	4.35
Div.Growth Potential Score	3.83
Div. Directional Score	4.09	--

Next Divdend (Est)
(2025-03-10)

INR0.911 Estimate 11.41 %

Dividend Stability

0.46 Below Average

Dividend Score

2.48

Pay Frequency

Annually

Yearly Payout

Year	Amount	Yield
2002	INR0	0.00%
2003	INR0	0.00%
2004	INR0	0.00%
2005	INR0	0.00%
2006	INR0	0.00%
2007	INR0	0.00%
2008	INR0	0.00%
2009	INR0	0.00%
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR2.60	1.55%
2019	INR2.60	1.26%
2020	INR0.800	0.82%
2021	INR0.500	0.50%
2022	INR2.00	1.16%
2023	INR5.10	3.25%
2024	INR0	0.00%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

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Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.216	1.500	5.67	8.51	[0 - 0.5]
returnOnAssetsTTM	0	1.200	0	0	[0 - 0.3]
returnOnEquityTTM	0.359	1.500	7.12	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	0	0.800	-5.00	-4.00	[1 - 3]
quickRatioTTM	0	0.800	-4.71	-3.76	[0.8 - 2.5]
cashRatioTTM	0	1.500	-1.111	-1.667	[0.2 - 2]
debtRatioTTM	0	-1.500	0	0	[0 - 0.6]
interestCoverageTTM	5.77	1.000	8.98	8.98	[3 - 30]
operatingCashFlowPerShareTTM	8.82	2.00	7.06	10.00	[0 - 30]
freeCashFlowPerShareTTM	8.82	2.00	5.59	10.00	[0 - 20]
debtEquityRatioTTM	0	-1.500	0	0	[0 - 2.5]
grossProfitMarginTTM	0.565	1.000	3.91	3.91	[0.2 - 0.8]
operatingProfitMarginTTM	0.132	1.000	9.36	9.36	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0	1.000	-1.111	-1.111	[0.2 - 2]
assetTurnoverTTM	0	0.800	-3.33	-2.67	[0.5 - 2]
Total Score				4.35

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	12.32	1.000	8.86	0	[1 - 100]
returnOnEquityTTM	0.359	2.50	8.15	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	8.82	2.00	7.06	10.00	[0 - 30]
dividendYielPercentageTTM	1.653	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	8.82	2.00	7.06	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	-2.27	1.500	-10.00	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0762	1.000	-0.595	0	[0.1 - 0.5]
Total Score				3.83

NRB Bearings Limited

NRB Bearings Limited engages in the manufacture and sale of the ball and roller bearings to original equipment manufacturers in India and internationally. The company offers a range of friction solutions comprises drawn cup needle bearings, cylindrical roller bearings, polyamide and steel needle bearing cages, full-complement needle bearings, formed strip cages for heavy gearboxes, special ball bearings, tapered and spherical roller bearings, and planetary shafts. It also offers crankpins, thrust bearings, rocker arm bearings, other special pins. It serves the automotive industry, as well as mobility applications. NRB Bearings Limited was incorporated in 1965 and is based in Mumbai, India.