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NIBE Ltd (NIBE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 535136 NSE: NIBE Aerospace & Defense | Small Cap | NIBE Share Price

₹1,655.60 -0.20 (-0.01%)

As on 02-Jul'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

₹1,655.60 -0.20 (-0.01%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,527 Cr.
Current Price
₹1,655.6
52-Week Low / High
₹810 / 1,850
TTM EPS
₹11.2
TTM Sales
₹417 Cr.
Book Value per Share
₹257.6
P/E Ratio
147.51
Higher than its 5-year historical median
Industry PE
46.6
Price to Book (P/B)
6.43
Lower than its 5-year historical median
Price to Sales (P/S)
6.06
Higher than its 5-year historical median
EV/EBITDA
43.54
In line with its 5-year historical median
Dividend Yield
0.08%
Profitability Efficiency
Return on Equity (ROE)
14.34%
Outperforms industry median
Return on Capital Employed (ROCE)
17.62%
Outperforms industry median
Return on Assets (ROA)
7.83%
Operating Profit Margin
12.2%
Net Profit Margin
5.6%
Gross Profit Margin
11.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
72.57%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
58.76%
Net Profit Growth (1 Year)
-
22.26%
Asset Quality
Promoter Holding
53.39%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹378 Cr.
Equity
₹15.3 Cr.
Face Value
₹10
All Time Low / High
₹5.85 / 2245.40

NIBE stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is NIBE Ltd a good quality company?
NIBE Ltd is a average quality company, based on a somewhat consistent 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?
Q.1 Revenue growth of NIBE Ltd vs industry peers?
NIBE Ltd revenue CAGR is 219.77%, compared to the industry median CAGR of 17.94%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of NIBE Ltd?
Promoters hold 53.39% of the NIBE Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of NIBE Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 67.5% based on the current price.

10 Year X-Ray : Login to view analysis.

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 1.4%1.2%1.5%0.3%-4.3%1.7%6.9%17.5%20.6%17.6%-
Value Creation
Index
-0.9-0.9-0.9-1.0-1.3-0.9-0.50.30.50.3-

Growth Parameters

Sales 8.63.44.71.91.42.521.2105279481417
Sales YoY Gr.--60.9%40%-59.3%-24.6%74.3%746.2%394.1%165.8%72.6%-
Adj EPS 0.100-0-0.10.1-0.43.816.71911.2
YoY Gr.--50%0%-175%NANA-458.3%NA336.3%13.7%-
BVPS (₹) 10.210.310.410.39.9109.656.4117.1155.5257.6
Adj Net
Profit
0.10.10-0-0.10.1-0.54.521.927.217
Cash Flow from Ops. 0.60-0.40.7-3.30.25.5-7.95.17.3-
Debt/CF from Ops. 1.30.2-0006.50-2.7128.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 56.5%219.8%183%72.6%
Adj EPS 83.6%NANA13.7%
BVPS35.3%73.5%153.4%32.8%
Share Price 70.4% 111.5% 65.5% 0.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.80.40.3-0.3-1.21.2-4.410.41813.95.4
Op. Profit
Mgn %
3.36.2-0.7-16.8-14.95.4118.113.212.213
Net Profit
Mgn %
11.40.8-1.4-8.65-2.14.37.95.64.1
Debt to
Equity
0.100000.100.30.40.30.2
Working Cap
Days
3568897161,9412,5881,45331919913412696
Cash Conv.
Cycle
2807154891,0511,5171,02914989493747

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales93521321105279481
Operating Expenses + 8352221996242423
Manufacturing Costs2110006154036
Material Costs623212665186353
Employee Cost 000000361014
Other Costs 010010410720
Operating Profit 00-0-0-10293759
Operating Profit Margin (%) 3.3%6.2%-0.7%-16.8%-50.1%5.4%11.0%8.1%13.2%12.2%
Other Income + 0000001533
Exceptional Items 0000000000
Interest 0000001348
Depreciation 00000034616
Profit Before Tax 0000-00-062938
Tax 00000002711
Profit After Tax 000-0-00-052227
PAT Margin (%) 1.0%1.5%1.7%-0.2%-33.2%5.0%-2.1%4.4%7.9%5.6%
Adjusted EPS (₹)0.10.10.10.0-0.50.1-0.43.916.818.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%2.60%6%6.60%

Valuation of NIBE - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1111111110101067154222
Share Capital 10101010101010121314
Reserves 0000-00-055141208
Debt +1000020215959
Long Term Debt0000020215956
Short Term Debt1000000003
Minority Interest0000000000
Trade Payables100000432379
Others Liabilities 0000-0026655537
Total Liabilities 12111111101241156291398

Fixed Assets

Net Fixed Assets +0000001239111129
Gross Block1010001546123158
Accumulated Depreciation001000361229
CWIP 0000000102227
Investments 410102062116
Inventories4553661292312
Trade Receivables41230133538144
Cash Equivalents 011000113115
Others Assets 02454213426566
Total Assets 12111111101241156291398

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 10-01-305-857
PBT 0000-00-062938
Adjustment 00-0-0-0-046727
Changes in Working Capital 0-0-01-302-19-29-50
Tax Paid -0-0-0-0-0-0-0-1-2-7
Cash Flow From Investing Activity + -02-0-13-11-62-105-35
Capex 000000-2-40-89-40
Net Investments -021-11-22-6-205
Others 0-1-1-1310-1641
Cash Flow From Financing Activity + -0-1-0-0-02-57710222
Net Proceeds from Shares 0000000636832
Net Proceeds from Borrowing -0-00002-121412
Interest Paid -0-0-0-0-0-0-1-3-4-7
Dividend Paid 00000000-0-1
Others -0-1-0-000-3-3-2-3
Net Cash Flow -01-0-0-00172-5

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.770.470.73-0.04-4.561.21-4.3711.92014.34
ROCE (%)1.431.161.510.25-4.261.656.8517.5320.5717.62
Asset Turnover Ratio0.670.290.430.180.140.220.811.071.251.4
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/A-1.60.230.26
Working Capital Days
Receivable Days177.60277.20115.90418.90394.80141.5036.8066.3048.2069
Inventory Days143.20485.60386.70724.101,123.10890.70155.603720.9013
Payable Days62136.8018.9082.303.50133.3021.1025.6052.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

NIBE Ltd FAQs

The current trading price of NIBE on 02-Jul-2026 16:59 is ₹1,655.6.

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 01-Jul-2026 the market cap of NIBE stood at ₹2,526.7 Cr

The latest P/E ratio of NIBE as of 01-Jul-2026 is 147.5.

The latest P/B ratio of NIBE as of 01-Jul-2026 is 6.43.

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 ₹417 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that NIBE Ltd is a 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 Strong which suggest that the price of NIBE Ltd is likely to Rise 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.

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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