The stock has started its upward rally after reporting healthy Q4 results. The company's standalone revenue for the quarter stood at Rs 189 crore , registering a 10% Y-o-Y increase.
EBITDA for the quarter fell by 11.6% Y-o-Y to Rs 27 crore, with a corresponding margin contraction of 315 bps. EBITDA margin for the quarter stood at 14.3%. The PAT for the quarter stood at Rs 13 crore, an Y-o-Y increase of 8%.
The company holds nearly 70% market share in the bearings industry. It caters to all segments of the automobile industry and draws around 65% of its revenue from the domestic original equipment manufacturers. The company’s exports are exported to gain on the back of revival in US and European economies. After the rollout of the unified tax regime, Goods and Services Tax (GST) in the country, the company is likely to tap additional market share.
NRB Bearings Ltd is currently trading at Rs 140, up by Rs 6.05 or 4.52% from its previous closing of Rs 133.95 on the BSE.
The scrip opened at Rs 135.1 and has touched a high and low of Rs 140.5 and Rs 134 respectively. So far 234065(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1297.98 crore.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 141 on 23-Sep-2016 and a 52 week low of Rs 103 on 15-Mar-2017. Last one week high and low of the scrip stood at Rs 134.8 and Rs 119 respectively.
The promoters holding in the company stood at 54.66 % while Institutions and Non-Institutions held 33.8 % and 11.54 % respectively.
The stock is currently trading above its 50 DMA.
Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.
- Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
- Now Save Rs.3150 on your Demat Account ...Click here
- Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
- Get the most detailed result analysis on the web - Real Fast!
- Actionable & Award-Winning Research on 500 Listed Indian Companies.