NRB Bearings Ltd Initiate Coverage Report By Karvy

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July 16, 2015 at 9:17 pm #2228

Vidhi Khanna
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NRBBR well positioned to benefit from economic recovery: Industrial and investment activity are showing signs of improvement with GDP estimated to grow at 7.5-8.0% during FY16E-17E. Bearing, being a basic industry and having its application across all sectors, is well positioned to benefit from economic revival. NRBBR, well equipped with diverse product portfolio, is expected to grow (sales) at a CAGR of 10.5% between FY15-17E to Rs. 8,812 Mn, while improving EBITDA and PAT margins to 22.9% & 11.6% levels respectively.

NRB-Bearings-Karvy
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