Nrb Bearings Ltd. · NSE:NRBBEARING
Nrb Bearings — Investor Presentation (March 2025)
54 slides from Nrb Bearings's investor presentation, Mar 20, 2025
Slide 1: Exchange filing cover letter
March 19, 2025 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Listing Department-Corporate Services 1st Floor, P.J. Towers, Dalal Street Exchange Plaza, 5th Floor, Plot No. C/1 Mumbai 400 001 Bandra Kurla Complex Bandra East, Mumbai 400051 Code No. 530367/ NRB
Slide 2: Exchange addresses
BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Listing Department-Corporate Services 1st Floor, P.J. Towers, Dalal Street Exchange Plaza, 5th Floor, Plot No. C/1 Mumbai 400 001 Bandra Kurla Complex Bandra East, Mumbai 400051
Slide 3: NRB Bearings Limited
NRB BEARINGS LIMITED We are a complete friction solutions provider. We develop bearings from design to delivery. 1
Slide 4: The Vision
THE VISION To be the recognized leader in the design and delivery of customized friction solutions, with a presence in every quality vehicle in the world. CONFIDENTIAL 2
Slide 5: Mission, Culture and Values
MISSION To supply highly engineered products at optimal cost, leading us to be the preferred business partner; our people are our most important resource, and our team spirit and sense of ownership, empowers each individual, driving innovation and performance. Culture and Values To recognize individ
Slide 6: Organization Chart
ORGANIZATION CHART NRB Bearings Limited SNL Bearings Limited NHL Holdings Limited Holding 73.45 100% Subsidiary NRB NRB GmbH NRB USA Thailand CONFIDENTIAL 4
Slide 7: Executive Summary
EXECUTIVE SUMMARY ➢ Re-inventing our future. NRB is using its low leverage-D/E of under 0.20 to drive into the future. ➢ Re-focusing our capabilities and resources into market opportunities where we have low penetration (Aftermarket ,Industrial Mobility, Defense) ➢ NRB is uniquely positioned with it
Slide 8: Executive Summary… continued
EXECUTIVE SUMMARY… continued ➢ Potential Growth Market- expansion of product range and penetration at our large Key Global Customers, that span ICE/Hybrid EV and Agnostic (technology- driven common platforms that will not change in this transition). ➢ Thrust into OEM-driven Industrial Mobility Segme
Slide 9: What Sets NRB Apart?
WHAT SETS NRB APART? ➢ #1 in India for needle and cylindrical roller bearing ➢ World class R&D Facility spanning in 40000 Sq Ft with ~70 employees ➢ Customized friction solutions from design to delivery across mobility application ➢ Leader in disruptive Innovation, light-weighting technology and rap
Slide 10: About Us
ABOUT US 8 Return to contents
Slide 11: Founder, Leader
FOUNDER, LEADER Late Mr. Trilochan Singh Sahney Chairman & Founder Mrs. Harshbeena Zaveri Vice Chairman & Managing Director CONFIDENTIAL 9
Slide 12: Leadership Team
LEADERSHIP TEAM Harshbeena Zaveri Satish Rangani Arvinder Kohli Raman Malhotra Alok Vatsa Saravanan Muthiah VC & MD Director Director – NRB CFO CHRO CTO Thailand Naresh Warrier Shreekant Singhi Kishore Ochani Shirish Shah C K Mishra Market Dev. & Sr. VP - HR COO – IB VP – Strategic VP -Mfg Head Stra
Slide 13: Our Story
OUR STORY 2011-2025 2001-2010 • 2014 – 2019 - NRB GmbH & NRB USA Incorporated. 1981-2000 • 2004 - Promoters acquired 26% stake • 2021- Incorporation of NRB • 1982 - General Bearings Division from Timken Holdings, Dubai. set up in Jalna, India • 2007 - Set up NRB • 2023 - Expanded R&D Centre 1965-198
Slide 14: India Presence
INDIA PRESENCE Headquarter R&D Centre Regional Offices Manufacturing Facilities Warehouses CONFIDENTIAL 12
Slide 15: Domestic Customers
DOMESTIC CUSTOMERS ➢ Over 90% vehicles on Indian roads run on NRB ➢ 75% needle bearing market share ➢ 56% cylindrical bearing market share with the below customers CONFIDENTIAL 13
Slide 16: Global Footprint
GLOBAL FOOTPRINT CONFIDENTIAL 14
Slide 17: International Customers
INTERNATIONAL CUSTOMERS ➢ Approximately 25% of our annual turnover is exported to American, German and Swedish owned corporations spanning 45 countries ➢ One of the largest global suppliers to the two-wheeler industry CONFIDENTIAL 15
Slide 18: Manufacturing Units and Subsidiaries
MANUFACTURING UNITS AND SUBSIDIARIES 16 Return to contents
Slide 19: Manufacturing Facilities
MANUFACTURING FALICITIES Thailand CONFIDENTIAL 17
Slide 20: Differentiators
Differentiators 12 Return to contents
Slide 21: Market Strategy
MARKET STRATEGY KEY CUSTOMERS Follows KEY APPLICATIONS Powertrain / Transmission/ Key Gearboxes Customers KEY PRODUCTS Driveline / Steering applications Needle Bearings Drivetrain / Axles and Chassis Cylindrical Bearings 2 and 4 stroke engines (mobile or (Conventional stationary) and Drawn Cup) E- d
Slide 22: Our Products
OUR PRODUCTS 2 Return to contents 0
Slide 23: Product Range
PRODUCT RANGE Crank pin, Needles and Drawn Cup Needle Planetary Shaft and Special Rollers other Special Pins Bearing Thrust Bearing Split Cage Brass Roller Cage Cylindrical Roller Unitized Thrust Washer and Spacer Bearings Bearing CONFIDENTIAL 21
Slide 24: Product Range
PRODUCT RANGE Needle and Roller Rocker-arm Crank Pin Bearing Cage Bearing Polyamide Needle Full Compliment Ball Cage Cage Needle Bearing Cylindrical/ Ring / Bush / Tapered Roller Special Ball Bearing Thrust Bearing Sleeve CONFIDENTIAL 22
Slide 25: Trailblazing Innovation
ITRAILBLAZERING NNOVATION Lightweight CRB Universal joint Shafts for bearings for with special HT for planetary gear box balancer shaft steering column transmission applications application UJ cross cup Delta flex bearings bearing with Needle thrust for steering special sealing for cagewith applicat
Slide 26: Our Customers
OUR CUSTOMERS 12 Return to contents
Slide 27: Segments
SEGMENTS NRB manufactures over 2000 different products in multiple part families and sizes, providing customized friction solutions to the mobility industry. Segments Current Focus ➢ Two-Three wheelers, Passenger Vehicles, Trucks and Commercial Vehicle and Automotive Ancilliaries, Future Focus Previ
Slide 28: Segments: Two & Three Wheeler
SEGMENTS TWO & THREE WHEELER ➢ Honda Motor Cycle & Scooter ➢ Yamaha ➢ Hero MotoCorp ➢ Bajaj Auto ➢ TVS Motors ➢ Piaggio ➢ Royal Enfield ➢ Ducati ➢ Suzuki / Maruti Suzuki ➢ Ola Electric ➢ Mahindra ➢ BETA Motors CONFIDENTIAL 26
Slide 29: Segments: Passenger Vehicle
SEGMENTS PASSENGER VEHICLE OEM’s ➢ Maruti Suzuki ➢ Honda Cars ➢ Daimler ➢ Audi ➢ Mazda ➢ Tata Motors ➢ Mahindra ➢ Hyndai Group CONFIDENTIAL 20
Slide 30: Segments: Commercial Vehicles
SEGMENTS COMMERCIAL VEHICLES ➢ Daimler ➢ Renault / Volvo ➢ Scania ➢ Volvo Eicher ➢ Ashok Leyland ➢ Tata Motors ➢ SML Isuzu ➢ MAN - VW Group CONFIDENTIAL 28
Slide 31: Segments: Automotive Ancillaries
SEGMENTS AUTOMOTIVE ANCILLARIES ➢ Magna Getrag Powertrain ➢ Denso ➢ ZF Group ➢ Sanden ➢ JTEKT ➢ NSK Steering System ➢ Dana Group ➢ Meritor ➢ Mando ➢ Bosch ➢ GKN ➢ Rane Group ➢ Bosch ➢ Detroit Diesel ➢ Borg warner ➢ Lucas-TVS ➢ SEG ➢ Minda AutoElektrik Limited ➢ Mitsuba CONFIDENTIAL 29
Slide 32: Segments: Tractors & Agriculture
SEGMENTS TRACTORS & AGRICULTURE ➢ Mahindra ➢ TAFE ➢ John Deere ➢ Case New Holland ➢ Escorts ➢ Mahindra Swaraj ➢ International Tractors (Sonalika) CONFIDENTIAL 30
Slide 33: Segments: Off Highway & Construction Equipment
SEGMENTS OFF HIGHWAY & CONSTRUCTION EQUIPMENT ➢ Case New Holland ➢ Bharat Earth Movers Limited ➢ Wipro ➢ John Deerej ➢ Action Constructions ➢ JCB CONFIDENTIAL 31
Slide 34: Engineering Centre
Engineering Centre 3 2
Slide 35: Historical Perspective
HISTORICAL PERSPECTIVE • Decision to invest in our Engineering center and 1998 R&D and decided not to renew the technology agreement with Nadella. • Setup a Engineering 2000 Center at Thane • Shifted Engineering 2016 center to Rabale, Navi Mumbai 2021 Engineering Centre at Turbhe Navi Mumbai CONFIDE
Slide 36: Engineering Core Functions
ENGINEERING CORE FUNCTIONS Application Engineering Materials Engineering Tool Design / CAE Product Design (Gold / Platinum / Product Testing Robotic Automation Lithium Benchmarking Packaging QMS CONFIDENTIAL 34
Slide 37: Benchmarking Facilities
BENCHMARKING FACILITIES Product performance and CMM, Roundness, surface finish validation testing and other precision testing Association with External lab for SEM/ DSC/ FTIR/ EPMA/ Microstructure, Cleanliness and RSA studies Heat treatment investigations Failure Analysis Polymer, Oil, Grease relate
Slide 38: Testing Facility
TESTING FACILITY CONFIDENTIAL 36
Slide 39: Better Known to World… In-house R&D facility
BETTER KNOWN TO WORLD… In the year 2007 NRB Engineering Center received recognition from Dept. Of Science & Technology, Govt. of India as: In-house R & D facility CONFIDENTIAL 37
Slide 40: Application Engineering / CAE
APPLICATION ENGINEERING / CAE • NRB partners with the world’s best in class OEMs and aggregate suppliers to launch next generation vehicles including such as Renault EV ALPINE, entire stable of Mercedes hybrid and e-Vehicles, • Proprietary software development with international copyrights • Design
Slide 41: Achievements
ACHIEVEMENTS 39 Return to contents
Slide 42: Awards
AWARDS Most Preferred Best Brands 2024 Workplace 2023- 24 CONFIDENTIAL 40
Slide 43: Public Private Partnership
PUBLIC PRIVATE PARTNERSHIP ➢ Fraunhofer: We are working with Europe’s largest application- oriented research organization in order to become the industry leader on cutting edge laser and additive technologies ➢ IIT Bombay: We are the chief sponsor of the prestigious annual motor racing event. Prior
Slide 44: Finance
Finance 12 Return to contents
Slide 45: Shareholding Pattern
SHAREHOLDING PATTERN Share Holding Pattern as on Share of Holding 31.12.2024 Promoter & Promoter Group 51.13% Mutual Funds 15.34% Foreign Portfolio Investors 13.45% Resident Individuals 16.22% Non-Resident Indians 1.73% Bodies Corporate 0.50% Others 1.63% Total 100% CONFIDENTIAL 43
Slide 46: 5 Years Growth
5 YEARS GROWTH Value in Crs 1200 1,053 1,003 1,003 1000 906 800 751 742 600 400 200 0 FY20 FY21 FY22 FY23 FY24 FY25 (Est) * FY24 – Fire took place in Crank Pin line at Waluj plant in May-23 caused loss of sales by ~20 Cr. ** FY25 – Actual of past 12 months taken for like-to-like comparison CONFIDENT
Slide 47: Revenue Overview Segment Wise
REVENUE OVERVIEW SEGMENT WISE 2024 Industrial, 11% After Market, Two-Three Wheeler, Opportunity Global Aftermarket 12% 28% Opportunity Industrial Opportunity Top 7 International Customers Passenger Vehicle, 16% Trucks, 33% CONFIDENTIAL 45
Slide 48: Financials Summary - Standalone
FINANCIALS SUMMARY - STANDALONE FY'22 FY'23 FY'24 PARTICULARS Amount % of Sales Amount % of Sales Amount % of Sales SALES (NET) 889.4 1003.0 1002.7 Other Operating Income 24.5 20.1 20.0 REVENUE FROM 913.8 1023.1 1022.7 OPERATIONS Non Operating Income 15.1 25.5 24.4 TOTAL INCOME 928.9 1048.6 1047.1 M
Slide 49: Financials Summary - Consolidated
FINANCIALS SUMMARY - CONSOLIDATED FY'22 FY'23 FY'24 PARTICULARS Amount % of Sales Amount % of Sales Amount % of Sales SALES (NET) 918.6 1038.7 1071.7 Other Operating Income 24.2 18.5 22.4 REVENUE FROM 944.2 1057.2 1094.0 OPERATIONS Non Operating Income 12.76 22.9 17.9 TOTAL INCOME 957.0 1080.1 1111.
Slide 50: Ratios
RATIOS 16 15.0 14 12 10 7.0 7.1 Interest cover 8 6.2 Current Ratio 6 5.0 3.0 Debt Equity 4 1.8 1.7 1.9 2 1.4 3.0 2.4 0 0.2 0.2 0.7 0.4 0.5 0.5 FY20 FY21 FY22 FY23 FY24 FY25 16% 15.1% 13.9% 13.8% 14% 13.3% 13.7% 13.8% 12% 12.6% 12.1% 12.1% ROCE 11.4% 10% ROE 8.2% 8% 6% 6.4% FY20 FY21 FY22 FY23 FY24 F
Slide 51: Competition Comparison FY23 vs FY22
COMPETITION COMPARISION FY23 VS FY22 Rs In Crs PARTICULARS NRB SKF India SCHAEFFLER India TIMKEN % of Sales % of Sales % of Sales % of Sales Amt. Amt. Amt. Amt. (LY%) (LY%) (LY%) (LY%) 1023.1 4304.9 6867.4 2806.6 Reveue from Operations 12.1% 17.4% 24.0% 27.4% Other Non Ops Income 26.5 2.6% 51.9 1.2%
Slide 52: Competition Comparison FY24 vs FY23
COMPETITION COMPARISION FY24 vs FY23 Rs In Crs PARTICULARS NRB Standalone NRB Consolidated SKF India SCHAEFFLER India* TIMKEN % of Sales % of Sales % of Sales % of Sales % of Sales Amt. Amt. Amt. Amt. Amt. (LY%) (LY%) (LY%) (LY%) (LY%) 1022.7 1094.0 4570.1 7250.9 2909.5 Reveue from Operations 0.0% 3
Slide 53: Competition Comparison 9M FY25 vs 9M FY24
COMPETITION COMPARISION 9M FY25 vs 9M FY24 PARTICULARS NRB Standalone NRB Consolidated SKF India TIMKEN % of Sales % of Sales % of Sales % of Sales Amt. Amt. Amt. Amt. (LY%) (LY%) (LY%) (LY%) 767.7 852.1 3706.6 2208.0 Net Sales 3.5% 7.5% 10.1% 9.8% 1.9% 2.0% Other Ops Income 14.9 17.2 0.0 0.0 782.6
Slide 54: Contact Us
CONTACT US Head Office: Thailand Plant: NRB Bearings Limited, NRB Bearings (Thailand) Ltd. 300/69 Moo., 1 T.Tasit, A.Pluakdaeng, Province: Dhannur, 15, Sir P.M. Road, Fort, Mumbai - Rayong, Thailand - 21140 400 001, Maharashtra, India Tel: +(66) 38955824, 38955825 | Fax: +(66) 861243580 | E-mail: as