NRB Bearings plans ₹500 crore CAPEX for revenue target by 2031

NRB Bearings Limited has outlined its future growth strategy, aiming for ₹2,500 crores in revenue by 2031. The company plans an initial CAPEX of ₹200 crores, with an additional ₹250-300 crores over five years, bringing the total CAPEX to ₹500 crores. This investment will expand cylindrical roller bearings, needle taper roller bearings, and ball bearing capacities, enabling entry into new industrial segments and supporting its existing automotive business. The company currently has an order book of ₹750 crores, comprising ₹600 crores from international and ₹150 crores from Indian businesses.

The company's strategy includes diversification into industrial segments like off-highway and construction equipment, robotics, automation, drones, and medium-to-large industrial gearboxes. NRB also plans to acquire an aerospace supplier to accelerate certification and growth in the aerospace sector. The company's risk-mitigated strategy ensures no single customer accounts for more than 10% of sales, with the top 10 customers representing 50%. Domestic and international business revenue is split approximately 70-30, with strong positioning across ICE, hybrid, and EV platforms.

NRB reported that Q2 standalone revenue came in at ₹291 crore. On a consolidated basis, 31% of Q2 revenue came from two and three-wheelers, 15% from industrial, approximately 12% from the aftermarket, 17% from the passenger vehicle segment, and 26-29% from the CV segment. The company aims for a Return on Equity (ROE) of 17-18%.