Top Bearing Manufacturing Companies in India

List of Top Bearing Manufacturing Companies in India: Bearings are considered to be vital parts of machines since they enable the machines to function without any friction. At present, we make use of bearings in various things such as machinery, engines, and electronics. It is hardly surprising that there is a huge demand for bearing manufacturing companies in India right now. Here, we have thrown light on the top-bearing companies in India.

Schaeffler India

The former name of this particular company is FAG Bearings India Ltd, and it is known to manufacture linear guiding systems, as well as rolling and plain bearings, digital services, and maintenance services for the core industries. The production facilities of Schaeffler India are located at Pune and Vadodara. This company likewise specializes in developing long-lasting and top-quality technology solutions for commercial vehicles and automobiles. It is considered to be the biggest bearing manufacturing company in the country.

• Total Sales: ₹ 6,327 Cr.
• Profit: ₹ 226 Cr.
• Market Cap: ₹ 44,861 Cr.
• ROE: 18.5 %
• Sales Growth (3Yrs):
• Promoter holding: 74.13% in Jun 2022 qtr
• Price to book value: ₹ 246

SKF India

Being established in 1961, this renowned company happens to be the second largest bearing company in India. The portfolio of this company comprises bearings, mechatronics, seals, services, and lubrication systems. Having a rich history spanning more than 100 years, SKF India can boast of having a value chain spanning as many as 130 nations as well as 450 locations.

• Total Sales: ₹ 4,027 Cr.
• Profit: ₹ 395 Cr.
• Market Cap: ₹ 21,861 Cr.
• ROE: 22.9 %
• Sales Growth (3Yrs): 7%
• Promoter holding: 52.58% in Jun 2022 qtr
• Price to book value: ₹ 381

Timken

This company had been established in the year 1987 as Tata Timken Limited. Timken India Limited started producing bearings about 30 years earlier in India, and now it operates top-notch manufacturing units in Raipur and Jamshedpur for satisfying the requirements of the regional bearing market. This company is deemed to be the third largest bearing manufacturing company in the sub-continent.

• Total Sales: ₹ 2,203 Cr.
• Profit: ₹ 327 Cr.
• Market Cap: ₹ 22,863 Cr.
• ROE: 21.8 %
• Sales Growth (3Yrs): 10%
• Promoter holding: 67.80% in Jun 2022 qtr
• Price to book value: ₹ 220

NRB Bearings

Being founded in the year 1965, NRB had been the first company in the country to produce needle roller bearings. It was at the helm of bearing technology for more than 4 decades, and now more than 90% of the vehicles are using NRB components in India.  This company has the distinction of manufacturing traditional cylindrical roller bearings, needle roller bearings, plus lightweight drawn cup bearings.

• Total Sales: ₹ 979 Cr.
• Profit: ₹ 24 Cr.
• Market Cap: ₹ 1,365 Cr.
• ROE: 13.8 %
• Sales Growth (3Yrs): -1%
• Promoter holding: 49.86% in Jun 2022
• Price to book value: ₹ 60.7

Bimetal Bearing

This company has got their manufacturing units in Chennai, Hosur, and Coimbatore. They are known to produce goods for passenger cars, multi-utility vehicles, all types of commercial vehicles, tractors, industrial engines, as well as 2-wheelers. Bushings, thrust washers, bearings, pre-alloyed copper powder, and sintered/cladded bimetallic strips happen to be some of the most common products available.  Bimetal Bearing also manufactures top-quality alloy powder, bimetallic strips, thrust washers, and engine bearings.

• Total Sales: ₹ 212 Cr.
• Profit: ₹ 4 Cr.
• Market Cap: ₹ 136 Cr.
• ROE: 1.90 %
• Sales Growth (3Yrs): -2%
• Promoter holding: 74.88% in Jun 2022
• Price to book value: ₹ 505

Menon Bearings

This reputed company is known to produce bushes, thrust washers, and bearings for different types of applications such as stationary engines, automotive engines, earth movers, generators, compressors, marine engines, and plus tillers. Moreover, around 30% of the production of Menon Bearings is exported to global markets such as the US, France, China, Brazil, Japan, Mexico, and so forth.

• Total Sales: ₹ 211 Cr.
• Profit: ₹ 8.77 Cr.
• Market Cap: ₹ 500 Cr.
• ROE: 23.3 %
• Sales Growth (3Yrs): 4%
• Promoter holding: 71.25% in Jun 2022
• Price to book value: ₹ 20.0

NRB Industrial

Being founded in 2012, NRB Industrial Bearings Limited happens to be the leading exporter, manufacturer, wholesaler, and supplier of combined bearings, industrial bearings, and so on. This company produces a wide range of combined bearings that are used for special applications where mounting conditions and restricted assembly prevail. The products are manufactured from top-quality raw materials and are widely accepted by the customers for their performance, running condition, and space.

• Total Sales: ₹ 71 Cr.
• Profit: ₹ -5.37 Cr.
• Market Cap: ₹ 56.9 Cr.
• ROE: -25.9 %
• Sales Growth (3Yrs): 7%
• Promoter holding: 74.11% in Jun 2022
• Price to book value: ₹ 14.8

Austin Engineering Company Ltd

This company had been incorporated in 1978 as a private limited company and had been transformed into a public limited company in 1985. Austin Eng is known to produce different types of rolling bearings such as ball, spherical roller, needle roller bearings, as well as cylindrical roller, thrust ball bearings, and thin section ball bearings.

• Total Sales: ₹ 90.92 Cr. (Mar 2022)
• Profit: ₹ 1.67 Cr.
• Market Cap: ₹ 27.5 Cr.
• ROE: 3.20 %
• Sales Growth (3Yrs): -2%
• Promoter holding: 34.00% in Jun 2022
• Price to book value: ₹ 153

Galaxy Bearings

Being a Galaxy Group subsidiary, this company had been formed in the year 1994. The headquarters of Galaxy Bearings is situated in Rajkot, Gujarat. Amongst the notable products produced by this company, mention may be made of cylindrical roller bearings, wheel hub bearings, and taper roller bearings. Galaxy Bearings is one of the premier bearing companies in India right now.

• Total Sales: ₹ 104 Cr. (Mar 2022)
• Profit: ₹ 13 Cr.
• Market Cap: ₹ 264 Cr.
• ROE: 25.6 %
• Sales Growth (3Yrs): 12%
• Promoter holding: 48.29% in Jun 2022
• Price to book value: ₹ 184

SNL Bearings

This one is yet another leading bearing manufacturer in the country. They are known to produce an extensive array of needle roller bearings intended for automotive applications for catering to Aftermarket and OEMs both in India as well as abroad.

• Total Sales: ₹ 44.66 Cr.
• Profit: ₹ 8.77 Cr.
• Market Cap: ₹ 105 Cr.
• ROE: 19.8 %
• Sales Growth (3Yrs): 2%
• Promoter holding: 74.39% in Jun 2022
• Price to book value: ₹ 134