23,500 per cent multibagger returns: This aerospace & defence company enters agreement with Thales USA to supply tactical air navigation equipment to Indian navy!

The stock has delivered a remarkable return of over 4,200 per cent in the past 3 years.

In the latest development, the company has announced that it has forged a business agreement with Thales USA to design, manufacture, install, and supply MM-7000 TACAN equipment and additional services to the Indian Navy. Significant terms of the agreement include the provision of equipment and support services to the Indian Navy.

Incorporated in 2005, Nibe Ltd is in the business of manufacturing critical components for defence, e-vehicles, and software development. The company is engaged in the business of fabrication and machining of components used in the defense sector, as well as the assembly of components for e-vehicles. Additionally, it offers strategic products and conducts related research advancements in the e-vehicles division and the BVM R&D Foundation.

Financial performance:

According to the Quarterly Results, in Q3 FY24, the company reported a revenue of Rs 62.69 crore, representing a growth of 313 per cent, and a net profit of Rs 4.42 crore. In FY23, the company reported a revenue of Rs 105 crore and a net profit of Rs 12 crore.

Share Performance:

On Monday, the company's stock closed at around Rs 1500.60 per share, with a market capitalisation of Rs 1970 crore. Additionally, the stock has delivered a multibagger return of around 23,643 per cent in the past five years.

According to the shareholding pattern, the promoters hold 49.96 per cent, while FIIs and DIIs hold 11.03 per cent and 0.78 per cent respectively. Public investors hold 38.23 per cent of the company, as per the recent update.

Investors must keep this Small-Cap stock on their radar.

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