Multibagger Stock: Shares of this company jumped by more than 5 percent today, investors have consistently given excellent returns – multibagger stock shares of nrb bearing company surge by more than 5 percent


Mumbai: Amidst the boom in the stock market, there has been a jump in the stock of many companies. One such stock is that of NRB Bearings Limited. The shares of this small-cap company have consistently given excellent returns to the investors. Established in the year 1965, NRB Bearings Limited has the distinction of being the first needle roller bearings manufacturer in the country. With over four decades of experience, NRB has been at the forefront of bearing technology. It supplies parts to over 90 per cent of Indian road vehicles. Over time, NRB has expanded its portfolio to include needle roller bearings. NRB Bearings has recently announced its Q4FY23 results. In this, the company’s sales have increased by 22.75% to Rs 312.44 crore on an annual basis. At the same time, the company’s EBITDA has increased by 52.24% to Rs 63.97 crore on a year-on-year basis. Similarly, the net profit of the company has increased by 93.24% to Rs 33.74 crore on a year-on-year basis. In addition, the company has achieved a significant milestone of crossing Rs 1,000 crore in revenue in FY2023. Furthermore, the company has been able to grow its sales by 11% (CAGR) in the last 3 years and profit by 46% (CAGR) in the same period.

The company has given a return of 45.5% in the last year and an impressive return of 141% in the last 3 years. Additionally, the company has a ROCE of 16.7% and ROE of 15.9%.

Today i.e. on Wednesday, the shares of the company have increased by 5.78%. It was trading at its 52-week high of Rs 198.75. Additionally, the share volume has increased by more than 2.85 times. Investors can include this stock in their portfolio to earn profits.

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