NIBE Limited (formerly known as Kavita Fabrics Limited) was incorporated in 2005 as a Private Company. Subsequently, the company was converted into a Public Company in 2012, and its name was changed to Nibe Limited in 2020. NIBE Ltd is primarily engaged in the business of manufacturing critical components for the Defence sector, assembling E-Vehicles, and Software Development. The company's operations include Fabrication and Machining of components used in the Defence Sector, as well as the assembly of components for E-Vehicles.
The company manufactures a diverse range of products, including structures, sub-assemblies, and assemblies of mobile weapon launchers, structural and engineering systems for naval applications, and electrical and electronic box assemblies such as console panels. In its E-Vehicle segment, NIBE offers e-cycles, e-scooters, and e-rickshaws, along with related motors. Additionally, NIBE is involved in the research and development of lithium-ion battery packs and solutions.
NIBE Limited operates primarily in two key segments:
- Defense Segment: This division focuses on precision engineering and fabrication of critical components for the Indian Armed Forces. Products include components for weapon launchers, naval application systems, and specialized electronic assemblies, all manufactured to stringent defense specifications.
- E-Vehicle Division: This segment represents the company's strategic expansion into the rapidly growing electric mobility sector. Focused on transportation, this division produces E-bikes and rickshaws, aligning with India's push toward sustainable transportation solutions.
NIBE Ltd (NIBE) had a market capitalization of ₹2,398.51 Crore as of 4th July 2025. The company has demonstrated a remarkable financial growth trajectory over recent years, driven by strong order book execution and strategic business expansion.
For the fiscal year ended March 2025, sales rose by 80.00% to ₹507.32 crore, compared to ₹281.84 crore during the previous year ended March 2024. For the full year, net profit increased by 40.61% to ₹26.73 crore in FY25, up from ₹19.01 crore in FY24.
Historically, NIBE LIMITED's revenues stood at ₹2,852 million in FY24, which was a significant 167.9% increase compared to ₹1,065 million reported in FY23. The company's revenue has grown from ₹17 million in FY20 to ₹2,852 million in FY24, achieving an impressive revenue growth at a Compound Annual Growth Rate (CAGR) of 258.7% over the past 5 years.
- Revenue: ₹507.32 crore (FY25) vs ₹281.84 crore (FY24)
- Net Profit: ₹26.73 crore (FY25) vs ₹19.01 crore (FY24)
- Market Capitalization: ₹2,398.51 Crore (as of 4th July 2025)
- P/E (Price-to-Earnings) Ratio: 89.73
- P/B (Price-to-Book) Ratio: 12.82
- Promoter Holding: 53.74% (as of Apr 2025)
NIBE has secured several significant orders and established strategic partnerships, strengthening its market position:
- Order for Armor Plate Supply: The company received a ₹23.33 Crore order for Armor Plate supply from a leading Infra and Defence company, with execution expected by May 2026. This order reflects NIBE's growing credibility in the defense sector.
- International Order for Universal Rocket Launchers: NIBE Limited secured a ₹150.6 Crore order from an Israel-based OEM for manufacturing Universal Rocket Launchers. This contract is scheduled for completion by November 2027, demonstrating NIBE's capabilities in complex defense manufacturing and opening opportunities for global market expansion.
- DRDO Technology Transfer: The Defence Research and Development Organisation (DRDO) has signed a Licensing Agreement for Transfer of Technology with NIBE Ltd for the Pinaka Multi Barrel Rocket Launcher and Battery Command Post, enhancing indigenous defense manufacturing capabilities.
Promoter holding in NIBE Ltd has shown an upward trend, increasing to 53.74% as of April 2025 from 53.08% as of January 2025. This stable and increasing promoter holding indicates strong management confidence in the company's future prospects.
The 52-week high for Nibe Ltd (NIBE) is ₹2245.40, and the 52-week low is ₹761.50. This significant price range reflects the stock's volatile nature, influenced by dynamics within the defense sector and broader market conditions.
NIBE announced that its Board of Directors, at a meeting held on 29 May 2025, recommended a final dividend of ₹1.25 per equity share (i.e., 12.5%), subject to the approval of shareholders. The current dividend yield of Nibe Ltd (NIBE) is 0.07.
NIBE Limited's growth strategy is centered on expanding its defense manufacturing capabilities while simultaneously building a robust presence in the e-vehicle sector. The company's strategic investments in research and development, particularly in lithium-ion battery technology, position it well for future growth within the electric vehicle ecosystem. Strategic partnerships, such as those with DRDO and international defense contractors, provide a solid foundation for sustained business growth and technological advancement.
The company's diversified business model, spanning defense and e-vehicles, offers resilience against sector-specific challenges while enabling it to capitalize on India's defense modernization initiatives and the expanding electric vehicle market.
