NIBE Ltd - Stock Valuation and Financial Performance

BSE: 535136 | NSE: | Defence | Small Cap

NIBE Share Price

1,288.35 9.20 0.72%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on NIBE

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

NIBE stock performance -

mw4me loader
P/E Ratio (SA):
137.47
Market Cap:
1,679.8 Cr.
52-wk low:
317
52-wk high:
1,770.2

Is NIBE Ltd an attractive stock to invest in?

1. Is NIBE Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that NIBE Ltd is a below average quality company.

2. Is NIBE Ltd undervalued or overvalued?

The key valuation ratios of NIBE Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is NIBE Ltd a good buy now?

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.

10 Year X-Ray of NIBE:

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0.9%1.4%1%0.7%0.5%-0.2%-1.1%1.1%2.9%12.5%-
Value Creation
Index
-0.9-0.9-0.9-1.0-1.0-1.0-1.1-0.9-0.8-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9.611.18.63.44.71.91.42.521.2105192
Sales YoY Gr.-16.2%-23%-60.9%40%-59.3%-24.6%74.3%746.2%394.1%-
Adj EPS 0.10.10.100-0-0.10.1-0.43.89.3
YoY Gr.-50%-11.1%-50%0%-175%NANA-458.3%NA-
BVPS (₹) 10.110.210.210.310.410.39.9109.656.4116
Adj Net
Profit
0.10.10.10.100-0.10.1-0.54.512
Cash Flow from Ops. 0.80.20.60-0.40.7-3.30.25.5-7.9-
Debt/CF from Ops. 1.57.11.30.20006.50-2.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 30.5%86.2%317.7%394.1%
Adj EPS 58.7%149%NANA
BVPS21%40.4%78.7%489.9%
Share Price 57.8% 189.6% 289.8% 273.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.60.90.80.40.3-0.3-1.21.2-4.410.410.8
Op. Profit
Mgn %
33.13.36.2-0.7-16.8-14.95.41111.311.2
Net Profit
Mgn %
0.60.911.40.8-1.4-8.65-2.14.36.4
Debt to
Equity
0.10.10.100000.100.3-
Working Cap
Days
2152573568897161,9412,5881,45331919957
Cash Conv.
Cycle
1631862807154891,0511,5171,0291498910

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.80%

Sales growth is growing at healthy rate in last 3 years 317.71%

Sales growth is good in last 4 quarters at 316.14%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - NIBE Ltd.

Standalone Consolidated
TTM EPS (₹) 9.3 5.8
TTM Sales (₹ Cr.) 192 192
BVPS (₹.) 116 130.5
Reserves (₹ Cr.) 139 158
P/BV 11.03 9.81
PE 137.47 221.64
From the Market
52 Week Low / High (₹) 317.00 / 1770.20
All Time Low / High (₹) 5.85 / 1770.20
Market Cap (₹ Cr.) 1,680
Equity (₹ Cr.) 13.1
Face Value (₹) 10
Industry PE 40

Management X-Ray of NIBE:

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 (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales101193521321105
Operating Expenses 9118352221993
Manufacturing Costs12211000615
Material Costs89623212665
Employee Cost 0000000036
Other Costs 0001001046
Operating Profit 000000-10212
Operating Profit Margin (%) 3.0%3.1%3.3%6.2%-0.7%-16.8%-50.1%5.4%11.0%11.3%
Other Income 0000000011
Interest 0000000013
Depreciation 0000000034
Exceptional Items 0000000000
Profit Before Tax 0000000006
Tax 0000000002
Profit After Tax 0000000005
PAT Margin (%) 0.6%0.9%1.0%1.5%1.7%-0.2%-33.2%5.0%-2.1%4.4%
Adjusted EPS (₹)0.10.10.10.10.10.0-0.50.1-0.43.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%3%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 11111111111110101067
Share Capital 3101010101010101012
Reserves 70000000055
Minority Interest0000000000
Debt11100002021
Long Term Debt00000002021
Short Term Debt1110000000
Trade Payables1110000043
Others Liabilities 000000002665
Total Liabilities 131312111111101241156

Fixed Assets

Gross Block111010001546
Accumulated Depreciation0000100036
Net Fixed Assets110000001239
CWIP 00000000010
Investments 4441010206
Inventories23455366129
Trade Receivables34412301335
Cash Equivalents 10011000113
Others Assets110245421342
Total Assets 131312111111101241156

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 101001-305-8
PBT 0000000006
Adjustment 0000000046
Changes in Working Capital 1-00-0-01-302-19
Tax Paid 000000000-1
Cash Flow From Investing Activity 0-1020-13-11-62
Capex 00000000-2-40
Net Investments 00021-11-22-6
Others 000-1-1-1310-16
Cash Flow From Financing Activity 000-10002-577
Net Proceeds from Shares 00000000052
Net Proceeds from Borrowing 00000002-121
Interest Paid 00000000-1-3
Dividend Paid 0000000000
Others 000-10000-37
Net Cash Flow 1-101000017
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.580.920.770.470.73-0.04-4.561.21-4.3711.9
ROCE (%)1.471.91.431.161.510.25-4.261.656.8517.53
Asset Turnover Ratio0.780.860.670.290.430.180.140.220.811.07
PAT to CFO Conversion(x)INFNANINFNANNAN-INFINFNAN-INF-1.6
Working Capital Days
Receivable Days971291782771164193951413766
Inventory Days85891434863877241,12389115637
Payable Days2441621371982313321

NIBE Ltd Stock News

NIBE Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of NIBE on 28-Mar-2024 16:01 is ₹1,288.4.
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 28-Mar-2024 16:01 the market cap of NIBE stood at ₹1,679.8.
The latest P/E ratio of NIBE as of 28-Mar-2024 16:01 is 137.5.
The latest P/B ratio of NIBE as of 28-Mar-2024 16:01 is 11.03.
The 52-week high of NIBE is ₹1,770.2 and the 52-week low is ₹317.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NIBE is ₹191.9 ( Cr.) .

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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