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Dolat Capital Report
NRB Bearings Ltd. is the largest manufacturer of needle roller bearings in India, with approximately 70% market share.
With an increased emphasis on weight reduction in vehicles and lower space utilisation, applications for needle roller bearings will continue to increase.
In the past two years, slowdown in original equipment manufacturers demand, both in India and global markets, impacted the company's bearing earnings.
However, we sense that the worst is behind and forecast strong earnings growth over the next two to three years.
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