Multibagger Defence Stock Locks in 5 Per Cent Upper Circuit After Securing Rs 150.62 Crore Defence Export Order from Israel
The stock has delivered a sharp rally of over 52 per cent in the past three months, even though it still trades about 3.36 per cent below its listing price.
NIBE Limited shares hit the 5 per cent upper circuit on Monday, closing at Rs 1,599.70 per share, after the company announced a major export order from Israel. The stock has delivered a sharp rally of over 52 per cent in the past three months, even though it still trades about 3.36 per cent below its listing price, making it a closely watched name among Small-Cap defence and technology manufacturers.
On May 24, 2025, NIBE Limited disclosed that it had received a Purchase Order worth USD 17.52 million (approximately Rs 150.62 crore) from a leading technology-based firm in Israel. The contract is for the manufacture and export of Universal Rocket Launchers, capable of reaching up to 300 kilometres, marking a first-of-its-kind development from India for global markets. This order is being seen as a strategic milestone for both NIBE Limited and India’s defence manufacturing sector.
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The company highlighted that the Universal Rocket Launcher is among the most advanced in its category and is designed to outperform existing global alternatives. This development aligns with the Government of India’s “Atmanirbhar Bharat” and “Make in India” initiatives, as it brings world-class defence production to domestic facilities.
NIBE Limited, incorporated in 2005, is engaged in the manufacturing of critical components for the defence sector, EV segment, and software development. It also works on fabrication and machining of components, particularly for defence systems, and provides strategic products through its E-Vehicle division and BVM R&D Foundation.
For the quarter ended December 2024, the company posted a consolidated net profit of Rs 1.94 crore on a total income of Rs 148.68 crore. For the full fiscal year 2024, NIBE Limited reported total revenue of Rs 285.42 crore and net profit of Rs 18.52 crore. The company is scheduled to announce its Q4FY25 and FY25 financial results on May 27, 2025. Investors will be watching for potential announcements related to dividend or future order book updates.
With this recent export win, NIBE Limited has drawn attention as a potential long-term multibagger candidate in the small-cap defence space.
Disclaimer: The article is for informational purposes only and not investment advice.