Nibe Ltd. (NIBE) AI Stock Analysis

Nibe Ltd.

(NSE:NIBE)

Select Model

Rating:46Neutral

Price Target:INR 1,084.00▼(-5.72% Downside)

Action:reiterated

Date:10/15/26

The score is driven primarily by deteriorating profitability and severely negative cash flow. Technical conditions are mixed, and the high dividend yield provides support, but the negative P/E and weak earnings quality remain significant risks.

Positive Factors

Moderate balance-sheet leverageStable, moderate leverage gives NIBE more financial flexibility than a highly indebted business, helping it absorb earnings pressure and preserve capacity for operations or investment. This balance-sheet position can support resilience over the next several quarters if profitability gradually recovers.

Negative Factors

Revenue contractionFalling revenue indicates weaker demand, reduced volumes, pricing pressure, or an unfavorable mix across NIBE’s businesses. Sustained top-line contraction would limit operating leverage, reduce resources for investment, and make recovery in margins and earnings more difficult.

Nibe Ltd. (NIBE) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 17.17B
Dividend Yield: 0.12%
Average Volume (3M): 7,652
Price to Earnings (P/E): -195.0
Beta (1Y): 1.30
Revenue Growth: -5.17%
EPS Growth: -133.83%
Country: India
Employees: 265
Sector: General
Sector Strength: 55
Industry: Aerospace & Defense

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-Vehicles s...

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 seg...

Nibe Ltd. Financial Statement Overview

Summary

Strong revenue growth is offset by materially weaker margins, lower net income, and sharply negative operating and free cash flow. Moderate leverage provides some support, but overall financial quality is under pressure.

Income Statement

42Neutral

Balance Sheet

66Positive

Cash Flow

24Negative

Financial statement breakdown
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

Technical Analysis SentimentNegative

Last Price1149.80

Price Trends

50DMA1289.01Negative

100DMA1415.94Negative

200DMA1250.64Negative

Market Momentum

MACD-42.38Positive

RSI36.99Neutral

STOCH16.23Positive

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 1149.80 is below the 20-day moving average (MA) of 1222.77, below the 50-day MA of 1289.01, and below the 200-day MA of 1250.64, indicating a bearish trend. The MACD of -42.38 indicates Positive momentum. The RSI at 36.99 is Neutral, neither overbought nor oversold. The STOCH value of 16.23 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:NIBE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KSB	58Neutral	INR 113.26B	1.31	―	0.67%	4.63%	-4.40%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:KRN	53Neutral	INR 75.04B	63.91	―	―	77.18%	88.95%
IN:VOLTAS	53Neutral	INR 340.15B	75.75	―	0.39%	3.80%	-30.64%
IN:THERMAX	52Neutral	INR 370.83B	59.10	―	0.64%	4.68%	-11.57%
IN:BLUESTARCO	50Neutral	INR 335.77B	62.63	―	0.52%	8.79%	-2.20%
IN:NIBE	46Neutral	INR 17.15B	-195.02	―	0.12%	-5.17%	-133.83%

* General Sector Average

Performance Comparison

IN:NIBE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:NIBE	Nibe Ltd.	1106.50	-85.52	-7.17%
IN:BLUESTARCO	Blue Star Limited	1633.00	-290.42	-15.10%
IN:KRN	Krn Heat Exchanger and Refrigeration Limited	1146.40	343.45	42.77%
IN:KSB	KSB Ltd.	650.75	-130.49	-16.70%
IN:THERMAX	Thermax Limited.	3112.15	-79.85	-2.50%
IN:VOLTAS	Voltas Limited	1028.00	-330.83	-24.35%

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.

Date of analysis: Oct 15, 2026

Nibe Ltd. AI Stock Analysis