3 Bearing and Gear Stocks With a Strong Future Roadmap: NRB Bearings, Menon Bearings and RACL Geartech

NRB Bearings Rs 536.95, P/E 34.51. Menon Bearings Rs 304.95, P/E 38.80. RACL Geartech Rs 1,593.40, P/E 37.88. Closing prices of 6 Oct 2026.

Updated: 7 Oct 2026 • 11:25 am

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3 Bearing and Gear Stocks With a Strong Future Roadmap: NRB Bearings, Menon Bearings and RACL Geartech

Quick Answer

Bearing and gear stocks with the clearest long-term roadmaps today include NRB Bearings in needle roller bearings and cages for two-wheelers and cars, Menon Bearings in engine bearings, bushes and thrust washers for vehicles and engines and RACL Geartech in gears, shafts and transmission parts for tractors and commercial vehicles. FY26 revenue growth was 12.0% at NRB Bearings, 23.2% at Menon Bearings and 20.6% at RACL Geartech. P/E stands at 34.51 for NRB Bearings (industry 46.40), 38.80 for Menon Bearings (industry 36.86) and 37.88 for RACL Geartech (industry 36.86). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company's risks need equal attention.

Bearing and gear stocks give investors exposure to small makers of the parts that keep engines and transmissions turning. Results depend on vehicle and tractor demand, replacement sales and operating margin, which is why niche positions matter as much as headline growth.

This list covers three transmission part stocks: NRB Bearings for needle roller bearings and cages for two-wheelers and cars, Menon Bearings for engine bearings, bushes and thrust washers for vehicles and engines and RACL Geartech for gears, shafts and transmission parts for tractors and commercial vehicles. Every figure comes from the latest reported financials and the 6 October 2026 market close. Companies without complete current figures were left out.

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Table of Contents

What Are Bearing and Gear Stocks?

Bearing and gear stocks are shares of companies that make needle roller bearings, engine bearings, gears and shafts for vehicles, tractors and machines. Results depend on vehicle and tractor production, aftermarket demand, exports and operating margin, so a strong niche and steady quality separate the stronger names.

Bearing and Gear Stocks at a Glance

The table compares size, valuation, return on equity and debt for the three bearing and gear stocks as of the 6 October 2026 close.

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE	Debt to Equity
NRB Bearings	536.95	5,197	34.51	46.40	14.83%	0.16
Menon Bearings	304.95	1,705	38.80	36.86	20.64%	0.25
RACL Geartech	1,593.40	1,879	37.88	36.86	13.89%	0.67

Among transmission part stocks, NRB Bearings trades below the industry P/E, while Menon Bearings and RACL Geartech trade at a premium to the industry multiple.

Why Do Bearing and Gear Stocks Have a Strong Roadmap in India?

Bearing and gear stocks have a strong roadmap in India because vehicle and tractor output is rising, replacement demand is steady and global buyers are adding Indian suppliers. Three drivers stand out.

Rising vehicle and tractor output: More vehicles need more bearings and gears.
Replacement demand: The aftermarket gives steady, higher-margin sales.
Global sourcing: Overseas buyers add Indian suppliers to cut risk.

NRB Bearings: Needle Roller Bearings Anchor the Roadmap

NRB Bearings' roadmap rests on needle roller bearings and cages for two-wheelers and cars, with a wider product range and export sales supporting growth.

Revenue grew from Rs 956.97 crore in FY22 to Rs 1,369.52 crore in FY26, a 43.1% rise, and FY26 revenue was 12.0% higher than FY25. FY26 net profit rose 76.9% to Rs 145.63 crore. Over four years, net profit rose from Rs 75.61 crore in FY22 to Rs 145.63 crore. In Q1 FY27, revenue grew 17.4% to Rs 375.00 crore, and net profit rose 15.1% to Rs 37.76 crore. Operating margin was 19.46% in FY26 and 19.42% in Q1 FY27 against 19.62% a year earlier.

Debt to equity is 0.16 and return on equity is 14.83%. FY26 operating cash flow was Rs 240.87 crore against capital expenditure of Rs 104.85 crore. NRB Bearings paid a dividend of Rs 5.7 per share for FY26, a yield of 1.06%. At a P/E of 34.51 against an industry P/E of 46.40, the stock trades below its industry multiple.

What to watch: Q1 FY27 net profit growth of 15.1% is well below the 76.9% of FY26.

Menon Bearings: Engine Bearings and Bushes Drive the Pipeline

Menon Bearings' roadmap rests on engine bearings, bushes and thrust washers for vehicles and engines, with aftermarket and original equipment orders both supporting volumes.

FY26 revenue was Rs 300.24 crore, 23.2% higher than FY25. FY26 net profit rose 53.4% to Rs 38.25 crore. In Q1 FY27, revenue grew 37.0% to Rs 94.30 crore, and net profit rose 67.4% to Rs 14.11 crore. Operating margin was 21.78% in FY26 and 24.66% in Q1 FY27 against 21.59% a year earlier.

Debt to equity is 0.25 and return on equity is 20.64%. FY26 operating cash flow was Rs 23.32 crore against capital expenditure of Rs 26.94 crore. Menon Bearings paid a dividend of Rs 2 per share for FY26, a yield of 0.66%. At a P/E of 38.80 against an industry P/E of 36.86, the stock trades above its industry multiple.

What to watch: FY26 capex of Rs 26.94 Cr was above operating cash flow of Rs 23.32 Cr, and a market cap of Rs 1,705 Cr means the share price can swing sharply. The P/E of 38.80 sits above the industry P/E of 36.86, so earnings delivery matters for the valuation.

RACL Geartech: Gears and Transmission Parts Build the Next Leg

RACL Geartech's roadmap rests on gears, shafts and transmission parts for tractors and commercial vehicles, with exports and new gear programmes lifting revenue.

Revenue grew from Rs 275.10 crore in FY22 to Rs 512.42 crore in FY26, a 86.3% rise, and FY26 revenue was 20.6% higher than FY25. FY26 net profit rose 105.9% to Rs 48.95 crore. Over four years, net profit rose from Rs 23.91 crore in FY22 to Rs 48.95 crore. In Q1 FY27, revenue grew 22.0% to Rs 132.60 crore, and net profit rose 7.7% to Rs 8.90 crore. Operating margin was 26.36% in FY26 and 24.32% in Q1 FY27 against 26.70% a year earlier.

Debt to equity is 0.67 and return on equity is 13.89%. FY26 operating cash flow was Rs 91.85 crore against capital expenditure of Rs 53.14 crore. RACL Geartech paid a dividend of Rs 1.5 per share for FY26, a yield of 0.10%. At a P/E of 37.88 against an industry P/E of 36.86, the stock trades above its industry multiple.

What to watch: The Q1 FY27 operating margin of 24.32% was below the 26.70% of a year earlier, and FY25 net profit of Rs 23.77 Cr was lower than the Rs 39.40 Cr of FY24. The P/E of 37.88 sits above the industry P/E of 36.86, so earnings delivery matters for the valuation.

Best Bearing and Gear Stocks in India: NRB Bearings vs Menon Bearings vs RACL Geartech on Key Financials

Among the best bearing and gear stocks in India, RACL Geartech leads on FY26 operating margin and five-year revenue growth; Menon Bearings leads on Q1 FY27 revenue growth and return on equity; NRB Bearings leads on the lowest P/E. The table puts the numbers side by side.

Metric	NRB Bearings	Menon Bearings	RACL Geartech
FY26 revenue (Rs Cr)	1,369.52	300.24	512.42
FY26 revenue growth	12.0%	23.2%	20.6%
FY26 net profit (Rs Cr)	145.63	38.25	48.95
FY26 net profit growth	76.9%	53.4%	105.9%
FY26 operating profit margin	19.46%	21.78%	26.36%
Q1 FY27 revenue growth (YoY)	17.4%	37.0%	22.0%
Q1 FY27 net profit growth (YoY)	15.1%	67.4%	7.7%
Return on equity	14.83%	20.64%	13.89%
P/E ratio	34.51	38.80	37.88
Debt to equity	0.16	0.25	0.67
Dividend yield	1.06%	0.66%	0.10%
FY26 operating cash flow (Rs Cr)	240.87	23.32	91.85

Bearing and gear earnings follow vehicle and tractor demand, so full-year numbers and quarterly trends together give a better view.

How to Evaluate Engine Bearing and Gear Stocks to Buy Before You Invest

A short checklist keeps the research consistent when you screen bearing and gear stocks and shortlist engine bearing and gear stocks to buy.

Compare each stock's P/E with its industry P/E, which differs by stock.
Track operating margin across several quarters, because input costs can move faster than prices.
Check whether revenue growth is turning into profit growth, not only sales.
Read operating cash flow against capital expenditure to see how growth is funded.
Watch debt to equity and interest cover before sizing a position.
Spread exposure across companies and business lines instead of one demand cycle.

Check the Univest Screener for live data on these bearing and gear stocks

Risks to Consider Before Investing in Bearing and Gear Stocks

Vehicle cycle: Lower tractor and vehicle sales reduce orders.
Small size: Menon Bearings and RACL Geartech have market caps below Rs 2,000 Cr, so shares can swing sharply.
Valuation: Menon Bearings and RACL Geartech trade slightly above the industry multiple of 36.86.
Debt: RACL Geartech has debt to equity of 0.67.

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Final Take: Which Stock Has the Strongest Roadmap?

These three engine bearing and gear stocks cover needle roller bearings, engine bearings and bushes, and gears and transmission parts. RACL Geartech leads on FY26 operating margin and five-year revenue growth; Menon Bearings leads on Q1 FY27 revenue growth and return on equity; NRB Bearings leads on the lowest P/E.

Across transmission part stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the engine bearing and gear stocks to buy discussed here.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs on Bearing and Gear Stocks

Which are the best bearing and gear stocks in India with a strong roadmap?

Ans. NRB Bearings, Menon Bearings and RACL Geartech stand out for their roadmaps in bearings, gears and transmission parts. FY26 revenue growth was 12.0% at NRB Bearings, 23.2% at Menon Bearings and 20.6% at RACL Geartech, and return on equity ranges from 13.89% to 20.64%.

Is NRB Bearings a good stock to buy now?

Ans. NRB Bearings has a debt to equity ratio of 0.16, a return on equity of 14.83% and a P/E of 34.51 against an industry P/E of 46.40. The vehicle cycle, small size and valuation move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.

What is the P/E ratio of NRB Bearings, Menon Bearings and RACL Geartech?

Ans. The P/E ratio is 34.51 for NRB Bearings (industry 46.40), 38.80 for Menon Bearings (industry 36.86) and 37.88 for RACL Geartech (industry 36.86). Only Menon Bearings and RACL Geartech trade at or above the industry multiple.

Which of these bearing and gear stocks has the highest return on equity?

Ans. Menon Bearings has the highest return on equity at 20.64%, followed by NRB Bearings at 14.83% and RACL Geartech at 13.89%.

What are the risks of investing in bearing and gear stocks?

Ans. The main risks are vehicle and tractor cycles, small company size, valuations slightly above the industry multiple at two firms and debt at one firm. RACL Geartech has debt to equity of 0.67.

How did NRB Bearings, Menon Bearings and RACL Geartech perform in Q1 FY27?

Ans. NRB Bearings reported revenue of Rs 375.00 crore, up 17.4% year on year, and net profit rose 15.1% to Rs 37.76 crore. Menon Bearings reported revenue of Rs 94.30 crore, up 37.0% year on year, and net profit rose 67.4% to Rs 14.11 crore. RACL Geartech reported revenue of Rs 132.60 crore, up 22.0% year on year, and net profit rose 7.7% to Rs 8.90 crore.

Do bearing and gear stocks pay dividends?

Ans. Yes, all three companies pay dividends. The dividend yield is 1.06% for NRB Bearings, 0.66% for Menon Bearings and 0.10% for RACL Geartech, based on dividends declared for FY26.

How can I invest in bearing and gear stocks in India?

Ans. You can buy bearing and gear stocks through a demat and trading account on NSE or BSE after checking each company's financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.