Multibagger aerospace & defence stock with 28,000 per cent returns; Company to participate in Antique Defense Conference – India’s Decade!
Key participants in this year's conference include Mazagon Dock Shipbuilders Limited and Garden Reach Shipbuilders & Engineers Ltd.
Nibe Ltd informed that the company will be participating in the “Antique Defense Conference – India’s Decade” organized by Antique Stock Broking Limited on August 30, 2024.
The Antique Defense Conference 2024, also known as "India's Decade," is organized by Antique Stock Broking Limited and is scheduled for August 30, 2024, in Mumbai. This is the third edition of the conference, which aims to bring together various stakeholders in the defence sector, including investors, analysts, and industry representatives. The conference will be held virtually, allowing participants to engage in discussions and interactions using publicly available documents.
Key participants in this year's conference include Mazagon Dock Shipbuilders Limited and Garden Reach Shipbuilders & Engineers Ltd, both of which will interact with investors and analysts to discuss developments and opportunities in the defence sector.
On Wednesday, shares of Nibe Ltd plunged 1.01 per cent to Rs 1,807.25 per share from its previous closing of Rs 1,825.65 with an intraday high of Rs 1,842 and an intraday low of Rs 1,801. The stock’s 52-week high is Rs 2,245.40 per share and its 52-week low is Rs 481 per share.
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About the Company
Incorporated in 2005. Nibe Ltd (formerly known as Kavita Fabrics Limited) has a market cap of over Rs 2,300 crore and has delivered good profit growth of 366 per cent CAGR over the last 5 years. NIBE Ltd is a company specializing 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.
According to Quarterly Results, the net sales increased by 326.6 per cent to Rs 110.06 crore in Q1FY25 compared to Rs 25.80 crore in Q1FY24. The company reported a net profit of Rs 7.88 crore in Q1FY25 compared to a net profit of Rs 0.82 crore in Q1FY24, an increase of 861 per cent. In its annual results, the net sales increased by 168 per cent to Rs 281.84 crore and net profit increased by 1,062 per cent to Rs 18.53 crore in FY24 compared to FY23.
The shares of the company have a PE of 95x, an ROE of 19 per cent and an ROCE of 17 per cent. The stock gave multibagger returns of 265 per cent in just 1 year, 2,690 per cent in 3 years and a whopping 28,000 per cent in 5 years. Investors should keep an eye on this Small-Cap aerospace & defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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