Nibe Limited, a company that has a presence across verticals that include Information Technology, E-vehicles, and Defence, saw its shares jump by more than 3 percent in the early hours of Monday to reach a new 52-week high of Rs 413.90.
The Company has received three purchase orders from Dymac Global Limited for the manufacturing of Fuel storage tanks for a total consideration of USD 3.7 Lakhs.
Nibe Limited is in the business of manufacturing critical components for Defence, E-Vehicles, and Software Development. The company operates in these segments with its subsidiary companies Nibe Defence Ltd and Nibe E Motors Ltd.
In Q3FY23, the company reported total revenue from operations of Rs 15.18 Crore which jumped 95 percent YoY from Rs 15.18 Crore. They reported a net profit of Rs 93 lakhs in the quarter under review compared to a loss of Rs 2.05 Crore.
The BSE-listed shares of the company have delivered a multibagger return of 665 percent in a year as the price has risen from Rs 52 apiece in February 2022 up to the current levels. An investment of Rs 1 lakh then would be worth Rs 7.65 lakhs in a year.
The company has a market capitalization of Rs 422 Crores. The promoters of the small-cap company hold a 62.97 percent stake with zero shares pledged. Another positive aspect of the company is the zero debt on its Balance sheet.
Written by Anoushka Roy
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