Multibagger defence stock in focus as company receives orders of Rs 28.08 crore from One of the Leading Infra and Defence Company

NIBE Limited, an Indian Defence technology firm, has secured a domestic contract valued at Rs 28.08 crore (inclusive of all Taxes and duties) from a leading Indian infrastructure and defence company for the Manufacturing and Supply of Breech Casing assembly. The order, a significant component in advanced defence systems, will be executed and delivered in tranches over the next few years, with the final delivery scheduled for June 2028. This contract reinforces NIBE's position in the defence manufacturing sector and contributes to India's self-Reliance in critical defence components.

Earlier, the company received a significant Purchase Order from a Leading Infra and Defence Company (a Domestic Entity) for the Manufacturing and Supply of Gun Stands. The total consideration for this contract is Rs 29.07 crore (inclusive of all taxes and duties). The order is substantial for the company and is slated to be executed and delivered in tranches, with the completion and delivery targeted for June 2027.

About the Company

NIBE Limited is a leading Indian defence technology company, specialising in the development, manufacturing, and integration of advanced defence systems. With a focus on innovation, self-reliance, and global collaboration, NIBE is playing a crucial role in bolstering India’s defence capabilities and expanding its export potential in the global market. As a cornerstone of India’s defence sector, NIBE is committed to delivering world-class solutions that address the evolving challenges of modern warfare.

The shares of the company have a PE of 95x, an ROE of 14 per cent and an ROCE of 16 per cent. The stock is up by 85 per cent from its 52-week low of Rs 753.05 per share and has given multibagger returns of over 10,000 per cent in 5 years.

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