Turnaround story in this multibagger aerospace & defence stock with 31,500 per cent returns; Hit upper circuit & PAT jumps over 1,700 per cent

The stock gave multibagger returns of 325 per cent in just 1 year, 8,350 per cent in 3 years and a whopping 28,000 per cent in 5 years.

On Friday, shares of Nibe Ltd hit a 5 per cent upper circuit to Rs 2,036.25 per share from its previous closing of Rs 1,939.30. The stock’s 52-week high is Rs 2,245.40 per share and its 52-week low is Rs 335 per share.

Incorporated in 2005. Nibe Ltd (formerly known as Kavita Fabrics Limited) has a market cap of over Rs 2,600 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 144 per cent to Rs 153.19 crore in Q4FY24 compared to Rs 62.88 crore in Q4FY23. The company reported a turnaround net profit of Rs 10.43 crore in Q4FY24 compared to a net loss of Rs 0.63 crore in Q4FY23, an increase of 1,755 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 121x, an ROE of 19 per cent and an ROCE of 20 per cent. The stock gave multibagger returns of 500 per cent in just 1 year, 4,200 per cent in 3 years and a whopping 31,500 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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