Defence Company Secures Order Worth Rs 50.01 Crore and Signs MoU with Leading Defence Infra Companies Like Larsen & Toubro – Stock Hits Upper Circuit Today!
The company’s shares have delivered a multibagger of around 300 per cent to its shareholders in just 1 year.
Nibe Defence and Aerospace Ltd, a subsidiary of Nibe Ltd, has secured 4 significant purchase orders from a prominent Indian infrastructure and defence company. These orders involve the supply, assembly, and integration of various electronic components, including drive units, junction boxes, amplifier units, DC units, outrigger control and power distribution units (OCPDU), and power distribution units (PDU-R P). The total value of the orders stands at Rs 50.01 crore, including all taxes and duties, with the execution scheduled in phases to be completed by March 31, 2028.
Furthermore, Nibe Space Private Limited, another subsidiary of Nibe Ltd, has entered into a MoU with several leading Indian infrastructure and defense companies and startups to collaborate on building and operating a private Earth observation satellite constellation. This consortium will provide equipment, services, skills, and support systems, offering the constellation on a lease basis and delivering image data and analytics services.
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The MoU includes partnerships with Larsen & Toubro Limited, Centum Electronics Limited, Space Fields Private Limited, SISIR Radar Private Limited, CYRAN AI Solutions Private Limited, AgniKul Cosmos Private Limited, DV2JS Innovation LLP, and international collaborators like Thales Alenia Space, France, and Thales India Private Limited.
Currently, shares of Nibe Ltd. hit the upper circuit and are at around Rs 1942.30 per share. The company’s current market capitalization stands at Rs 2550.66 crore. The stock has delivered a return of over 280 percent in just one year.
As per the Quarterly Results, in Q1 FY25, Nibe Ltd recorded a revenue of Rs 109.28 crore compared to Rs 25.75 crore representing a gain of 324 per cent. The operating profit for Q1 FY25stood at Rs 15.48 crore with an operating margin of 14.17 per cent. The net profit for Q1 FY25 was Rs 7.86 crore compared to Rs 1.31 crore representing a gain of 500 per cent. Looking at the annual performance, the company generated a revenue of Rs 279 crore in FY24. The operating profit for FY24 was Rs 37 crore with a net profit of Rs 22 crore.
Investors must keep this Small-Cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.