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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹372 Cr
verified against source
Revenue YoY
13%
reported change
EBITDA
₹74 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
NRB Bearings delivered a strong Q4 FY26 with revenue of ₹372 crore (+13% YoY) and EBITDA of ₹74 crore (+17% YoY), with margins at 19.5%. Full-year revenue grew 11% to ₹1,135 crore, PAT surged 77% to ₹146 crore. Growth was driven by volume expansion, market share gains, and structural efficiency improvements (solar, automation, vendor renegotiation). International business grew only 4% due to Middle East disruptions and gas shortages, but management expects 10-14% growth in FY27. Capacity utilization is near full, with a ₹120 crore capex planned for FY27 (including land) to debottleneck and expand. The Mahan Tools acquisition (order book doubled to ₹50 crore) strengthens aerospace entry. Industrial segment (14-15% of revenue) is a focus area. Risk: forex volatility and global supply chain disruptions could impact margins.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects international business to grow 10-14% (possibly 15%) in FY27, up from 4% in FY26.
- Capex for FY27 is expected to be around ₹120 crore, including land acquisition, as part of a ₹240 crore plan over 18 months.
- Management reiterated an aspirational goal of ₹2,500 crore revenue in 5 years, becoming more concrete.
- Management aims to maintain EBITDA margins consistently between 18% and 21% over the next 5 years.
Risks flagged
- A sudden forex spike on the last day of the quarter caused a dip in gross margins; management called it an anomaly but it remains a risk.
- Middle East situation and gas shortages impacted the quarter; while NRB managed well, further disruptions could affect growth.
- Order book execution depends on defense rollout pace; any slowdown could delay revenue recognition.
Key quotes
- We do not work on commodity pricing and short-term solutions.
- Our bearing content per vehicle and per product remains largely value neutral.
- We believe we are one of the most risk mitigated companies today when it comes to the concept of pricing and future profitability.
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