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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2024)
Investment Thesis
Rushabh Precision Bearings Limited is a long-established niche player in precision bearing component manufacturing with over 35 years of operational history. As a small unlisted private company, its growth potential is constrained by limited capital access and intense competition from larger listed peers. The company's fortunes are closely tied to India's industrial manufacturing activity.
Pros
Cons
Business Segments
ZVL-ZKL Bearings Distribution
Sole selling agent in India for ZVL-ZKL Co. Ltd. (Czechoslovakia/Czech Republic) bearings; distribution and trading of imported precision bearings across India.
Revenue Model
Revenue generated through B2B sales of precision bearing components and heat-treated parts to industrial machinery manufacturers, automotive component makers, and engineering companies.
Detailed Analysis
Growth Plans
India's push for manufacturing under 'Make in India' could increase domestic demand for precision components
Growth in automotive and industrial machinery sectors drives demand for bearing components
Industry Tailwinds
India's push for manufacturing under 'Make in India' could increase domestic demand for precision components
Growth in automotive and industrial machinery sectors drives demand for bearing components
Recent Developments
Comparable Companies
SKFINDIA · ~18000 Cr
Frequently Asked Questions
About Rushabh Precision Bearings Limited
Rushabh Precision Bearings Limited was a Mumbai-based manufacturer of precision bearing components incorporated in 1989, promoted by the Vora family. The company specialised in heat treatment and precision machining of bearing components, establishing a manufacturing facility in Wadhwan City, Gujarat. The company was subsequently listed on BSE. However, in April 2022, a Corporate Insolvency Resolution Process (CIRP) was initiated against the company under the Insolvency and Bankruptcy Code, 2016, effectively halting all operations. The company now has near-zero revenue and a negative net worth (debt-to-equity ratio of -1.67), indicating complete financial distress. The Bombay High Court has adjudicated litigation related to the company, and IBBI has listed claims against it. As of available data, no resolution plan has been approved and the company remains under insolvency proceedings — equity shareholders face near-certain capital loss.
Key Milestones
Incorporated December 21, 1989 in Maharashtra (CIN: U99999MH1989PTC053093) — 36+ years old; Andheri East, Mumbai
Promoted by Dhirajlal H. Vora and son Rajesh D. Vora; sole selling agent for ZVL-ZKL (Czech Republic) bearings in India
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Industry Headwinds
Competition from large multinational bearing manufacturers with economies of scale
Limited capital access as an unlisted private company restricts expansion capacity
Key Strengths
Historical precision manufacturing capability in Wadhwan, Gujarat
Key Weaknesses
Under active CIRP since April 2022 — equity shareholders last in priority
Negative net worth — debt-to-equity of -1.67
Zero revenue; completely insolvent
Active CIRP since April 2022 — equity near-worthless
Source: IBBI / MCA Public Records
Negative net worth (debt-to-equity -1.67)
Source: AlphaHub Research
IBBI and Bombay High Court litigation
Source: IBBI / MCA Public Records
Zero revenue — complete operational collapse
Source: Company Financial Filings
Faces intense competition from large listed bearing manufacturers including SKF India, Schaeffler India (FAG), and Timken India which have significantly greater resources and distribution networks
Dependent on industrial capex cycles; slowdowns in automotive and machinery sectors directly impact demand for precision bearing components
As an unlisted private company, limited financial transparency makes it difficult for investors to assess performance and risk
SCHAEFFLER · ~20000 Cr
TIMKEN · ~8000 Cr
BSE listed (531371) + NSE listed (RUSHABEAR); ISIN INE019K01010; market cap ₹5.40 Cr; 36th AGM Sept 30, 2025
Registered at E/617, Floral Deck Plaza Premises, Opp. Sunrise Tower, Central MIDC Road, Andheri East, Mumbai 400093