Benign Growth For NRB Bearings Limited (NSE:NRBBEARING) Underpins Its Share Price
With a price-to-earnings (or “P/E”) ratio of 20.6x NRB Bearings Limited (NSE:NRBBEARING) may be sending bullish signals at the moment, given that almost half of all companies in India have P/E ratios greater than 27x and even P/E’s higher than 51x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
We’ve discovered 2 warning signs about NRB Bearings. View them for free.
NRB Bearings could be doing better as its earnings have been going backwards lately while most other companies have been seeing positive earnings growth. The P/E is probably low because investors think this poor earnings performance isn’t going to get any better. If this is the case, then…
