The shares of the Defence company, specializing in the manufacturing of critical components for Defence, E-Vehicles, and Software Development hit a 5 percent upper circuit upon receiving land for part of its mega project for the proposed manufacturing facilities.
Price action
With a market capitalization of Rs. 1,400.92 crores on Tuesday, the shares of NIBE Limited hit a 5 percent upper circuit making a high of Rs. 979.90 per share compared to its previous closing price of Rs. 933.25 per share.
What Happened
NIBE Limited, engaged in the manufacturing of critical components for Defence, E-Vehicles, and Software Development, has received an update regarding its mega project at MIDC, Shirdi.
A total of 81,809.75 square meters of land, which is 25 percent of the total 3,27,239 square meters at Plot No. A-1/2 in the Shirdi Industrial Area, Maharashtra, has been handed over to the company. This is in line with the ongoing development of its proposed manufacturing facilities.
About the company
Nibe Limited is a prominent Indian company specializing in the manufacturing of engineering products, including defense and industrial equipment, and has a strong presence in sectors such as defense, infrastructure, and manufacturing. They mainly focus on delivering high-quality products and solutions for government and private sector clients.
Key Insights
The company’s PEG ratio stands at 0.17, suggesting that the stock might be undervalued. It also has a low debt-to-equity ratio of 0.32 and has achieved an average 3-year revenue growth of 135.93 percent.
Financials
The company’s revenue rose by 132 percent from Rs. 64.56 crore to Rs.150.3 crore in Q3FY24-25. Meanwhile, Net profit declined from Rs. 4.38 crore to Rs. 2.07 crore during the same period.
Written by Sridhar J
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