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Date: 2015-01-08

CRISIL maintains fundamental grade of 4/5 on NRB Bearings

Credit rating agency, CRISIL Research has maintained a CRISIL IER fundamental grade of 4/5 on NRB Bearings. Moreover, the rating agency has also assigned valuation grade of 3/5 to the company.

The company’s Standalone revenues grew 14% y-o-y to Rs 1,762 million driven by both domestic (helped by an early festive season) and export (addition of a new client) sales. EBITDA margin expanded by 157 bps y-o-y to 18.6% due to lower raw material cost as a percentage of sales on account of yield improvement and a better product mix. EBITDA and PAT increased 25% and 42% y-o-y, respectively, driven by revenue growth and improvement in operating margin.

NRB Bearings is an anti friction bearing solution provider, offering effective and reliable end-to-end bearing solutions to its customers across the globe.

 


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