Multibagger aerospace & defence stock with 28,575 per cent returns; Hit upper circuit with heavy volume & PAT jumps over 800 per cent
The stock gave multibagger returns of 305 per cent in just 1 year, 2,770 per cent in 3 years and a whopping 28,575 per cent in 5 years.
On Wednesday, shares of Nibe Ltd hit a 5 per cent upper circuit to Rs 1,846.55 per share from its previous closing of Rs 1,758.65 with a spurt in volume by more than 2.80 times on BSE. The stock’s 52-week high is Rs 2,245.40 per share and its 52-week low is Rs 449.50 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 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.
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The company has issued 7,66,904 equity shares to Nibe Ganesh Ramesh (promoter) and Pramod Bhagchand Ranka (non-promoter) following the conversion of an equal number of warrants. This issuance, as per Regulation 30 of the Listing Regulations, increases the company's paid-up equity share capital to Rs 14,29,65,680.
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 305 per cent in just 1 year, 2,770 per cent in 3 years and a whopping 28,575 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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