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NRB Bearings Limited (NSE:NRBBEARING) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of NRBBEARING, it is a financially-robust , dividend-paying company with a a great history of performance. Below, I've touched on some key aspects you should know on a high level. For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on NRB Bearings here.
Excellent balance sheet with proven track record and pays a dividend
NRBBEARING has a strong track record of performance. In the previous year, NRBBEARING delivered an impressive double-digit return of 24% Unsurprisingly, NRBBEARING surpassed the Machinery industry return of 12%, which gives us more confidence of the company's capacity to drive earnings going forward. NRBBEARING is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This suggests prudent control over cash and cost by management, which is a key determinant of the company’s health. NRBBEARING appears to have made good use of debt, producing operating cash levels of 0.61x total debt in the prior year. This is a strong indication that debt is reasonably met with cash generated.
Income investors would also be happy to know that NRBBEARING is a great dividend company, with a current yield standing at 1.4%. NRBBEARING has also been regularly increasing its dividend payments to shareholders over the past decade.
Next Steps:
For NRB Bearings, I've put together three important aspects you should look at:
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Future Outlook: What are well-informed industry analysts predicting for NRBBEARING’s future growth? Take a look at our free research report of analyst consensus for NRBBEARING’s outlook.
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Valuation: What is NRBBEARING worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether NRBBEARING is currently mispriced by the market.
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Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of NRBBEARING? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.