NRB Bearings - EV and exports to drive growth?

[abhishek_sinha]

Abhishek's Journal: Being Less Stupid

I ended the last post with a tease. A business with a near-monopoly in its niche. Serving the most demanding customers in global auto. Doesn’t advertise itself as a precision engineering firm. Now look at the numbers. FY15 revenue: ₹669 crore. FY25: ₹1,199 crore. That’s a 6% CAGR - barely growth. The operating margins are stable, but on the surface this screams value trap. Why bother? [image] The company is NRB Bearings Ltd. NRB was the first in India to manufacture needle roller bearings …