16,000% multibagger returns: Defence company receives order Worth Rs 22,56,00,000 from One of the Leading Infra and Defence Company

Nibe Limited has announced the receipt of a significant purchase order from One of the Leading Infra and Defence Company. The order, valued at Rs 25.96 crores (inclusive of all taxes and duties), is for the supply of Gun Stand Assembly. This domestic contract underscores Nibe Limited's role in the national defence supply chain. The company is set to execute the order in tranches, with the final delivery expected by November 30, 2026.

Earlier, the company bagged a 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

About the Company

Incorporated in 2005. Nibe Ltd (formerly known as Kavita Fabrics Limited) has a market cap of over Rs 2,600 crore and has delivered good profit growth of 366 per cent CAGR 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 85x, an ROE of 14 per cent and an ROCE of 16 per cent. The stock gave multibagger returns of 117 per cent from its 52-week low of Rs 753.05 per share and a whopping 16,000 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.