Promoters Bought 4,15,709 Shares – Multibagger Defence Company Reports 209 Per cent Revenue Jump and 180 Per cent Profit Growth; Keep This Stock on Your Radar

The company’s shares have delivered a multibagger of around 200 per cent to its shareholders in just 1 year.

Incorporated in 2005, this Small-Cap defence company is in the business of manufacturing critical components for defence, e-vehicles, and software development. The company has announced a stellar quarterly result, and in this article, we are going to explore it.

The company’s promoters Bought 4,15,709 Shares in the September quarter of FY25 and their stake increased from 49.96 per cent to 53.08 per cent.

Financial Performance

As per Quarterly Results, Nibe Ltd in Sep 2024 reported a revenue of Rs 127.22 crore compared to Rs 41.18 crore representing a growth of around 209 per cent YoY. The company posted an operating profit of Rs 18.40 crore with a margin of around 14.46 per cent compared to Rs 5.93 crore with a margin of 14.40 per cent. The company’s net profit stood at Rs 9.40 crore for the period compared to a profit of Rs 3.36 crore same quarter last year.

Looking at the annual performance, the company generated a revenue of Rs 279 crore in FY24 compared to Rs 105 crore in FY23 representing a growth of 166 per cent YoY. The operating profit for FY24 was Rs 37 crore compared to Rs 12 crore in FY23. The company reported a net profit of Rs 22 crore compared to Rs 5 crore.

Share Performance

Today, the shares of Nibe Ltd closed the day in green despite the Indian market struggling and finally closed at around Rs 1709.45 per share. The company’s current market capitalization stands at Rs 2,277.67 crore. The stock has delivered a multibagger return of around 200 per cent in just 1 year.

Nibe Ltd is engaged in the fabrication and machining of components used in the defence sector, as well as the assembly of components for e-vehicles. It also offers strategic products and related research advancements in the e-vehicles division and the BVM R&D Foundation.

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