Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
NIBE Ltd (NIBE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 535136 NSE: NIBE Aerospace & Defense | Small Cap | NIBE Share Price
₹1,238.95 1.80 (0.15%)
As on 30-Sep'26 16:59
NIBE Ltd (NIBE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 535136 NSE: NIBE Aerospace & Defense | Small Cap | NIBE Share Price
₹1,238.95 1.80 (0.15%)
As on 30-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,918 Cr.
Current Price
₹1,239
52-Week Low / High
₹810 / 1,850
TTM EPS
₹-4.7
TTM Sales
₹455 Cr.
Book Value per Share
₹230.8
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
45.3
Price to Book (P/B)
5.36
Lower than its 5-year historical median
Price to Sales (P/S)
4.22
Lower than its 5-year historical median
EV/EBITDA
60.99
Higher than its 5-year historical median
Dividend Yield
0.1%
Profitability Efficiency
Return on Equity (ROE)
0.02%
Underperforms industry median
Return on Capital Employed (ROCE)
5.19%
Underperforms industry median
Return on Assets (ROA)
0.01%
Operating Profit Margin
9.7%
Net Profit Margin
0.01%
Gross Profit Margin
7.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-13.45%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-24.51%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-99.78%
Asset Quality
Promoter Holding
52.27%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹342 Cr.
Equity
₹15.5 Cr.
Face Value
₹10
All Time Low / High
₹5.85 / 2245.40
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is NIBE Ltd a good quality company?
NIBE Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does NIBE Ltd performance compare with that of its Peers?
Revenue growth of NIBE Ltd vs industry peers?
NIBE Ltd revenue CAGR is 65.17%, compared to the industry median CAGR of 13.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of NIBE Ltd?
Promoters hold 52.27% of the NIBE Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of NIBE Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 64.8% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
NIBE Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 1.2% | 1.5% | 0.3% | -4.3% | 1.7% | 6.9% | 17.5% | 20.6% | 17.6% | 11.2% | - |
| Value Creation Index ⓘ | -0.9 | -0.9 | -1.0 | -1.3 | -0.9 | -0.5 | 0.3 | 0.5 | 0.3 | -0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 3.4 | 4.7 | 1.9 | 1.4 | 2.5 | 21.2 | 105 | 279 | 481 | 417 | 393 |
| Sales YoY Gr. | - | 40% | -59.3% | -24.6% | 74.3% | 746.2% | 394.1% | 165.8% | 72.6% | -13.5% | - |
| Adj EPS ⓘ | 0 | 0 | -0 | -0.1 | 0.1 | -0.4 | 3.8 | 16.7 | 19 | 11.4 | 2.7 |
| YoY Gr. | - | 0% | -175% | NA | NA | -458.3% | NA | 336.3% | 13.7% | -40.1% | - |
| BVPS (₹) ⓘ | 10.3 | 10.4 | 10.3 | 9.9 | 10 | 9.6 | 56.4 | 117.1 | 155.5 | 203.3 | 235.7 |
| Adj Net Profit ⓘ | 0.1 | 0 | -0 | -0.1 | 0.1 | -0.5 | 4.5 | 21.9 | 27.2 | 17 | 4 |
| Cash Flow from Ops. ⓘ | 0 | -0.4 | 0.7 | -3.3 | 0.2 | 5.5 | -7.9 | 5.1 | 7.3 | -33.3 | - |
| Debt/CF from Ops. ⓘ | 0.2 | -0 | 0 | 0 | 6.5 | 0 | -2.7 | 12 | 8.7 | -2.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 70.9% | 178% | 58.4% | -13.5% | ||||
| Adj EPS ⓘ | 87.4% | 148.6% | 43.8% | -40.1% | ||||
| BVPSⓘ | 39.3% | 82.6% | 53.3% | 30.7% | ||||
| Share Price | 64.8% | 87.3% | 27.8% | -15.9% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.4 | 0.3 | -0.3 | -1.2 | 1.2 | -4.4 | 10.4 | 18 | 13.9 | 5.9 | 1.3 |
| Op. Profit Mgn % ⓘ | 6.2 | -0.7 | -16.8 | -14.9 | 5.4 | 11 | 8.1 | 13.2 | 12.2 | 13.1 | 9.3 |
| Net Profit Mgn % ⓘ | 1.4 | 0.8 | -1.4 | -8.6 | 5 | -2.1 | 4.3 | 7.9 | 5.6 | 4.1 | 1.1 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0.1 | 0 | 0.3 | 0.4 | 0.3 | 0.3 | - |
| Working Cap Days ⓘ | 889 | 716 | 1,941 | 2,588 | 1,453 | 319 | 199 | 134 | 126 | 237 | 96 |
| Cash Conv. Cycle ⓘ | 715 | 489 | 1,051 | 1,517 | 1,029 | 149 | 89 | 49 | 37 | 86 | 47 |
Valuation of NIBE - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Sales | 105 | 282 | 507 | 474 |
| Operating Expenses ⓘ + | 93 | 246 | 447 | 429 |
| Operating Profit ⓘ | 12 | 36 | 60 | 45 |
| Operating Profit Margin (%) | 11.3% | 12.6% | 11.8% | 9.6% |
| Other Income ⓘ + | 1 | 4 | 5 | 4 |
| Interest ⓘ | 3 | 7 | 8 | 16 |
| Depreciation ⓘ | 4 | 6 | 17 | 30 |
| Profit Before Tax ⓘ | 3 | 26 | 40 | 4 |
| Tax ⓘ | 2 | 7 | 12 | 4 |
| Profit After Tax | 2 | 19 | 27 | 0 |
| PAT Margin (%) | 1.5% | 6.6% | 5.4% | 0.0% |
| Adjusted EPS (₹) | 1.3 | 14.5 | 18.7 | 3.8 |
| Dividend Payout Ratio (%) | 7.60% | 6.90% | 6.70% | 34.50% |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 64 | 148 | 229 | 299 | |||||||
| Debt + | 39 | 59 | 69 | 104 | |||||||
| Minority Interest | 0 | 26 | 13 | 8 | |||||||
| Trade Payables | 4 | 24 | 86 | 121 | |||||||
| Others Liabilities ⓘ | 46 | 60 | 44 | 116 | |||||||
| Total Liabilities ⓘ | 153 | 316 | 442 | 647 | |||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 35 | 112 | 130 | 195 | |||||||
| CWIP ⓘ | 10 | 22 | 33 | 62 | |||||||
| Investments ⓘ | 1 | 17 | 10 | 1 | |||||||
| Inventories | 9 | 23 | 12 | 40 | |||||||
| Trade Receivables | 36 | 42 | 151 | 231 | |||||||
| Cash Equivalents | 15 | 16 | 9 | 47 | |||||||
| Others Assets ⓘ | 47 | 85 | 96 | 71 | |||||||
| Total Assets ⓘ | 153 | 316 | 442 | 647 | |||||||
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -31 | 18 | 25 | -35 |
| Cash Flow From Investing Activity ⓘ + | -56 | -124 | -60 | -77 |
| Cash Flow From Financing Activity ⓘ + | 96 | 111 | 30 | 127 |
| Net Cash Flow ⓘ | 9 | 5 | -5 | 15 |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.49 | 17.53 | 14.56 | 0.02 | ||||||
| ROCE (%) | 5.82 | 19.47 | 17.98 | 5.19 | ||||||
| Asset Turnover Ratio | 0.69 | 1.2 | 1.34 | 0.87 | ||||||
| PAT to CFO Conversion(x) | -15.5 | 0.95 | 0.93 | N/A | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 123.10 | 50.20 | 69.50 | 147.20 | ||||||
| Inventory Days | 32.30 | 20.70 | 12.50 | 20.20 | ||||||
| Payable Days | 20.30 | 26.20 | 53.50 | 117.60 | ||||||
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
NIBE Ltd FAQs
The current trading price of NIBE on 30-Sep-2026 16:59 is ₹1,239.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Sep-2026 the market cap of NIBE stood at ₹1,917.8 Cr
The latest P/E ratio of NIBE as of 29-Sep-2026 is 452.2.
The latest P/B ratio of NIBE as of 29-Sep-2026 is 5.25.
The 52-week high of NIBE is ₹1,849.8 and the 52-week low is ₹810.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NIBE is ₹393 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that NIBE Ltd is a below average quality company.
The key valuation ratios of NIBE Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of NIBE Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About NIBE Ltd
Nibe Limited (formerly known as Kavita fabrics Limited) is responsible for a range of business initiatives to fulfill its mission and to build its presence as a global organization. The company run its business through different verticals like Defence, E-Vehicles and BVM R&D Foundation. Each business branch thoroughly by implementing category strategies & deliver the best to achieve its goal of being recognized as a global organization.
Business area of the company
The company offers strategic products & related research advancement. The e-vehicals branch deals in the Design, Development, Manufacturing & Trading of E-vehicles and delivers the best in class eco-friendly E-bikes. Electricals, the Hardware & Software Development branch is the collaboration of technology & passion that delivers innovative solutions. BVM R &D Foundation is responsible for the Research and Development of advanced Lithium-ion Battery packs and solutions.
Business Verticals
Defence: Nibe Defence Limited is a State of the Art, new Integrated Defence Components Manufacturing Plant in Chakan, Pune. The plant manufactures a wide spectrum of Critical Components catering to the Defence industry. The objective of Nibe Limited is to strengthen strategic self-reliance under the Flagship Atma Nirbhar Bharat Initiative of the government.
E-Vehicles: A Branch whose core is to be Eco-friendly and is responsible for the Design, Development, Manufacturing and Trading of feature-rich E-vehicles and delivering an on the go transport solution while being environment friendly.
BVM R&D Foundation: It is a department that works in the various segment for the research and development of Lithium-ion Battery packs and solutions to improve its performance & help it sustain a durable and long lifespan.
IT Services: India is on cusp of 5 Trillion economy, a truly transformed digital India in coming years. Consultancy envisages to be the go-to trusted Partner for public & private sector organizations involved intricately in this Digital India success driver.
You have 46 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
