Shares of Nibe Limited rose nearly 2% in Tuesday’s early trade session after the company announced a significant domestic purchase order from a leading infra and defence company. The order is valued at Rs 22.66 crore, inclusive of all taxes and duties, for the supply of Turret Structure Assemblies.
The company stated that the execution of the order will happen in tranches, with the final delivery scheduled by June 28, 2026. This contract highlights Nibe Limited’s growing presence as a key supplier in the defence and infrastructure sectors.
As of 9:15 AM, the shares of Nibe were trading at Rs 1,703.40 on the NSE, up 1.92% or Rs 32.10 from the previous close of Rs 1,671.30. The stock traded in a day range of Rs 1,690.30 to Rs 1,703.40. The company’s current market capitalization stands at Rs 24,650 crore.
Founded in 2005, Nibe Limited (formerly known as Kavita Fabrics Limited) has emerged as a fast-growing small-cap stock. The company has delivered a 5-year stock price CAGR of 180 per cent, with a staggering 16,865 per cent return over the period.
Nibe specializes in manufacturing components for both defence and electric vehicles, supplying to clients like the Indian military and L&T Defence. The stock currently trades at a P/E ratio of 87.53, with a Return on Equity (ROE) of 14% and Return on Capital Employed (ROCE) of 16%.
The shares have more than doubled from their 52-week low of Rs 753.05.
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