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Nibe Ltd.
(NIBE)
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Rating:47Neutral
Price Target:
₹1,310.00
▲(23.45% Upside)
Action:Reiterated
Date:06/19/26
The score is primarily held back by weak financial performance, driven by sharp margin compression and a move to negative operating and free cash flow in FY2026. Technicals are supportive due to a strong uptrend, but overbought readings add near-term risk. Valuation is a headwind given the very high P/E, with the dividend yield providing only partial support.
Positive Factors
Stable leverage
Moderate, stable leverage gives NIBE financial resilience relative to a heavily indebted industrial business. A debt-to-equity ratio near 0.33–0.34 preserves capacity to fund operations and pursue growth, provided profitability and cash generation recover.
Negative Factors
Sharp margin compression
The steep decline in gross and net margins signals materially weaker earnings quality and reduced ability to convert sales into profit. Unless pricing, costs, or product mix improve, the compression can constrain reinvestment, weaken returns, and limit recovery in earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable leverage
Moderate, stable leverage gives NIBE financial resilience relative to a heavily indebted industrial business. A debt-to-equity ratio near 0.33–0.34 preserves capacity to fund operations and pursue growth, provided profitability and cash generation recover.
Read all positive factors
Nibe Ltd. (NIBE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.30B
Dividend Yield0.1%
Average Volume (3M)6.61K
Price to Earnings (P/E)―
Beta (1Y)1.16
Revenue Growth-5.17%
EPS Growth-133.83%
CountryIN
Employees149
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)5.38
Shares Outstanding15,261,273
10 Day Avg. Volume4,384
30 Day Avg. Volume6,606
Financial Highlights & Ratios
PEG Ratio-2.64
Price to Book (P/B)3.40
Price to Sales (P/S)2.50
P/FCF Ratio-8.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nibe Ltd. Business Overview & Revenue Model
Company Description
Nibe Limited is an integrated manufacturer fabricating critical parts for the defence sector, including precision weapons, protective vehicles, and surveillance communication equipment. The company's business is also diversified into the E-Vehicle...
How the Company Makes Money
NIBE makes money primarily by manufacturing and selling hardware products within its three main business segments, with revenue recognized largely from product sales to distributors, installers, OEM customers, and retailers (channel mix varies by ...
Nibe Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
64
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 1.13B | 4.74B | 5.07B |
| Gross Profit | 314.63M | 382.50M | 960.16M |
| EBITDA | 193.23M | 486.79M | 637.89M |
| Net Income | 76.43M | 56.32M | 267.29M |
Balance Sheet | |||
| Total Assets | 4.42B | 6.53B | 4.42B |
| Cash, Cash Equivalents and Short-Term Investments | 189.64M | 477.81M | 189.64M |
| Total Debt | 772.79M | 1.20B | 772.79M |
| Total Liabilities | 1.97B | 2.97B | 1.97B |
| Stockholders Equity | 2.32B | 3.48B | 2.32B |
Cash Flow | |||
| Free Cash Flow | -100.14M | -1.37B | -451.50M |
| Operating Cash Flow | 491.42M | -246.40M | 250.33M |
| Investing Cash Flow | -515.96M | -794.58M | -597.59M |
| Financing Cash Flow | 40.13M | 1.42B | 296.86M |
Nibe Ltd. Technical Analysis
Negative
1061.20
Price Trends
1458.10
Negative
1401.89
Negative
1227.83
Positive
Market Momentum
-38.31
Positive
36.55
Neutral
8.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NIBE, the sentiment is Negative. The current price of 1061.2 is below the 20-day moving average (MA) of 1398.75, below the 50-day MA of 1458.10, and below the 200-day MA of 1227.83, indicating a neutral trend. The MACD of -38.31 indicates Positive momentum. The RSI at 36.55 is Neutral, neither overbought nor oversold. The STOCH value of 8.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NIBE.
Nibe Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹108.63B | 104.19 | ― | ― | 64.04% | 78.68% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹143.43B | -1.89 | ― | 0.54% | 4.63% | -4.40% | |
54 Neutral | ₹432.51B | 69.10 | ― | 0.55% | 4.68% | -11.57% | |
50 Neutral | ₹299.99B | 58.79 | ― | 0.58% | 5.90% | -6.28% | |
50 Neutral | ₹378.80B | 84.29 | ― | 0.35% | 3.80% | -30.64% | |
47 Neutral | ₹20.30B | -231.21 | ― | 0.10% | -5.17% | -133.83% |
* General Sector Average
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Nibe Ltd. Corporate Events
Nibe shareholders clear appointment of independent director via postal ballot
Jun 19, 2026
Nibe Limited has announced that its shareholders have approved, by the requisite majority, a special resolution to appoint Rajagopalan Madhavan as an independent director through a postal ballot process concluded on June 18, 2026. The postal ballo...
Nibe Limited Strengthens Board with Appointment of Independent Director Rajagopalan Madhavan
Jun 19, 2026
Nibe Limited has announced a board change following shareholder approval via postal ballot, confirming the appointment of Rajagopalan Madhavan as an independent director. His term is effective from March 25, 2026, for five consecutive years, and h...
Nibe Limited Defends Suryastra Programme, Rebuts Defence Article Allegations
Jun 16, 2026
Nibe Limited has issued a strong rebuttal to a recent Bharat Shakti article that labelled its Suryastra 300 km Universal Rocket Launching System as mere “Screwdriver giri” and questioned the integrity of the Indian Army’s fast-tr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.