Multibagger defence stock in focus as company receives orders of Rs 29.07 crore from One of the Leading Infra and Defence Company

NIBE Limited, an Indian Defence technology firm specialising in advanced defence systems, has received a significant Purchase Order from an unnamed 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 final completion and delivery targeted for June 2027. This contract underscores NIBE's role in supplying critical defence components within the domestic sector.

Earlier, the company secured purchase orders worth Rs 20.57 crore from One of the Leading Infra and Defence Company. This significant domestic contract involves the manufacturing and supply of multiple Structures, specifically the Hull Engine Deck and Turret Structure Assembly. The execution of these orders is scheduled to be delivered in tranches by August 2026.

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 100x, an ROE of 14 per cent and an ROCE of 16 per cent. The stock is up by 80 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.