Archive · 24 Sep 2026
Bearing Stocks Gain From Defence, Aerospace Expansion
Bearings are small parts that help machines move smoothly and safely.
Cars use many bearings, but aircraft, tanks, missiles and other defence equipment use them too.
NRB Bearings is trying to grow in aerospace and defence after buying Mahant Tool Room in Bengaluru.
NRB also received an order to make bearings for the Sukhoi-30 fighter jet.
Menon Bearings supplies bearing-related parts for some defence vehicles and is developing aerospace components.
It is also expanding into electric vehicles, railways and other markets.
Both companies reported strong financial results in the periods described.
However, their shares now trade at higher valuations, so investors will watch whether the companies can deliver their growth plans.
NRB Bearings and Menon Bearings are diversifying beyond automotive into defence and aerospace applications.
NRB acquired Bengaluru-based Mahant Tool Room for ₹37.5 crore and secured an order for Sukhoi-30 fighter-jet bearings.
NRB reported 19.2% year-on-year revenue growth to ₹370 crore and targets ₹2,730 crore revenue by FY31.
Menon Bearings’ Q1FY27 revenue rose 37.2% to ₹94 crore, while net profit increased 67.3% to ₹14.1 crore.
Both stocks have re-rated above industry and historical valuations, making execution and future earnings growth important.
- Who
- NRB Bearings and Menon Bearings, two Indian bearing manufacturers.
- What
- The companies are expanding from automotive bearings and components into defence, aerospace, electric vehicles and railways.
- When
- The article cites developments and financial data from 2026, including NRB’s January 2026 acquisition and Menon Bearings’ Q1FY27 results.
- Where
- The companies operate in India and serve international customers; NRB’s acquired Mahant Tool Room is based in Bengaluru.
- Why
- India’s growing domestic defence production and aerospace manufacturing are creating new demand for precision bearings and components.
Growth Opportunity
Valuation And Execution Risk
Defence and aerospace expansion
Growth Opportunity
Defence and aerospace could provide new growth avenues as India expands domestic production, while NRB has secured a Sukhoi-30-related order and Menon is developing defence and aerospace components.
Valuation And Execution Risk
The article does not establish the eventual scale or timing of these opportunities; both companies must convert projects, approvals and orders into sustained revenue.
Stock valuations
Growth Opportunity
Strong financial results, new customer opportunities and diversification could support further earnings growth.
Valuation And Execution Risk
Both stocks trade at premiums to the industry and their five-year historical medians, making future returns more dependent on earnings growth and successful execution.
- Companies covered
- NRB Bearings and Menon Bearings
- NRB acquisition
- Mahant Tool Room acquired in January 2026; ₹37.5 crore investment proposed
- NRB defence order
- Production order for plain spherical bearings for the Sukhoi-30 fighter jet
- NRB defence order book
- ₹50 crore as of 30 June 2026
- NRB FY31 target
- ₹2,730 crore total revenue, including a ₹300 crore aerospace revenue target
- Menon Q1FY27 performance
- Revenue of ₹94 crore and net profit of ₹14.1 crore
- Menon medium-term target
- ₹500 crore annual revenue within two to three years