Defence Company Receives New Order Worth Rs 22,66,00,000 from One of the Leading Infra and Defence Company
The stock gave multibagger returns of 125 per cent from its 52-week low of Rs 753.05 per share and a whopping 16,865 per cent in 5 years.
Nibe Limited announced it secured a significant domestic purchase order from a leading Infra and Defence Company for the supply of Turret Structure Assembly. The total consideration for this order is Rs 22.66 crore, inclusive of all taxes and duties. Nibe Limited will execute the order in tranches, with the final delivery scheduled by June 28, 2026. This contract underscores Nibe Limited's role as a key supplier in the defence and infrastructure sectors
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About the Company
Incorporated in 2005. Nibe Ltd (formerly known as Kavita Fabrics Limited) has a market cap of over Rs 2,300 crore and has a stock price CAGR of 180 per cent over the last 5 years. NIBE Ltd is a company specialising in manufacturing components for both defence and electric vehicles. They produce parts for weapon systems, naval applications, and electric vehicles. Additionally, they develop software and conduct research in the electric vehicle sector. Their customers include the Indian military and L&T Defence.
The shares of the company have a PE of 89x, an ROE of 14 per cent and an ROCE of 16 per cent. The stock gave multibagger returns of 125 per cent from its 52-week low of Rs 753.05 per share and a whopping 16,865 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.