Multibagger defence stock engaged in manufacturing critical components for Defence, E-Vehicles and many more hit 5 percent upper circuit after commencing commercial production of its State of Art machinery which is capable of making components for defence, space and more.
In the day’s trade on January 5, 2023, the shares of Nibe Limited hit a 5 percent upper circuit at Rs. 722.40 and its market capitalization is Rs. 948 Crores. It has delivered multi-bagger returns of 104 percent in the last six months.
Nibe Limited has commenced the commercial production of its State of Art and first in India 16 Mtr. VMC Machine of make Zayer, Spain equipped with the latest Siemens control system, 840D, with machine feature X-16 Mtr, Y-5.75 Mtr, Z-1.75 Mtr ensuring unparalleled precision and efficiency, Equipped with universal head 1×360 deg accuracy, position accuracy and repeatability within 7 microns.
The machine is capable of machining critical large-size components like missile launchers, subframes, and launching platforms in Defence, Space, and Aerospace Applications
Nibe Limited is engaged in the business of manufacturing critical components for Defence, E-Vehicles, and Software Development.
The company’s standalone revenue from operations grew 400 percent from Rs. 21 Crores in FY22 to Rs. 105 Crores in FY23, the company has just become profitable in 2023 by earning a profit of Rs. 5 Crores and it has a trailing twelve months profit of Rs. 8 Crores.
It has reported a return on equity (ROE) of 11.8 percent and a return on capital employed (ROCE) of 15.9 percent, it is making decent returns on its equity and capital employed.
According to the latest shareholding data available for the quarter ended September 2023, the company’s Promoters hold a 55.32 percent stake, the Foreign Institutional Investors (FII) hold 3.88 percent and the Domestic Institutional Investors hold 0.88 percent.
Written by: Bharath K.S
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