NIBE LIMITED

BSE: NIBE535136ISIN INE149O01018

Industrials
Aerospace & Defense
BSE Industrials

Share price

₹1,174.40+42.80 (+3.78%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹1,849.80
52W low: ₹810.00
Off 52W high: -36.51%
1M return: -3.84%
3M return: -15.80%
6M return: +12.74%
1Y return: -1.09%
20D avg volume: 10,700
50 DMA: ₹1,270.73
200 DMA: ₹1,250.41

Key ratios Consolidated

Market cap: ₹1,821 Cr
Current price: ₹1,174.40
52W high / low: ₹1,849.80 / ₹810.00
Face value: ₹10.00
P/E: -140.29
P/B: —
EPS (TTM): ₹-8.37
Book value / share: —
ROE: —
ROCE: 4.60%
Operating margin: —
Net margin: —
Debt / equity: 0.30
Net debt: ₹82.59 Cr
Interest cover: 1.26
Dividend yield: 0.11%
Dividend / share (TTM): ₹1.30
Payout: —
Cash conversion cycle: 116.0 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	63.01	259.50	59.08	73.37	82.50	112.59	148.68	135.99	110.06	152.17	62.69	41.18
	2.05	1.64	0.51	0.51	1.26	1.05	1.62	0.93	1.34	1.02	1.87	0.39
	65.06	261.14	59.58	73.88	83.76	113.64	150.30	136.92	111.39	153.19	64.56	41.57
	80.29	224.04	81.39	87.03	81.97	98.96	148.38	124.84	100.46	138.18	58.94	37.73
	31.10	50.31	13.15	9.36	18.27	28.89	7.38	14.37	18.79	36.73	12.15	8.59
	34.88	134.07	27.25	49.19	48.11	44.34	120.50	97.93	78.07	89.62	38.71	22.81
	6.62	5.49	6.70	7.53	5.22	1.84	4.40	4.72	3.90	3.15	3.00	2.60
	3.44	7.39	4.37	1.72	1.71	1.57	2.05	2.15	1.85	2.22	1.89	1.39
	4.31	8.46	8.36	7.47	5.26	3.95	4.79	4.78	3.92	3.02	1.30	0.98
	13.71	21.10	25.87	12.21	5.26	10.48	6.09	3.62	1.24	2.86	1.03	1.16
	-15.23	37.11	-21.81	-13.15	1.79	14.67	1.91	12.08	10.94	15.01	5.62	3.84
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	-15.23	37.11	-21.81	-13.15	1.79	14.67	1.91	12.08	10.94	15.01	5.62	3.84
	-3.23	9.53	-2.94	3.46	0.74	5.95	0.02	3.18	3.06	4.58	1.20	1.04
	-12.00	27.58	-18.87	-9.69	1.04	8.73	1.94	8.89	7.88	10.43	4.41	2.80
	-7.34	20.11	-11.76	-6.69	0.72	6.11	1.35	6.34	6.00	7.94	3.48	2.36
Key metrics
	-7.48	52.96	-9.08	-3.96	8.76	20.19	8.75	19.01	16.71	20.25	8.81	6.21
	-11.90%	20.40%	-15.40%	-5.40%	10.60%	17.90%	5.90%	14.00%	15.20%	13.30%	14.10%	15.10%
	-19.00%	10.60%	-31.90%	-13.20%	1.30%	7.80%	1.30%	6.50%	7.20%	6.90%	7.00%	6.80%
	—	10.60%	—	-3.60%	—	5.30%	—	—	—	—	—	—
	-23.60%	130.50%	-60.30%	-46.00%	-25.00%	-26.00%	137.20%	230.20%	—	—	—	—
	-1,253.80%	215.90%	-1,072.70%	-209.00%	-86.80%	-16.30%	-56.00%	217.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	454.96	474.45	507.32	281.84	105.30
	4.71	3.92	4.93	3.58	1.15
	459.66	478.37	512.25	285.42	106.45
	472.75	474.43	472.65	259.44	100.26
	103.92	91.09	69.43	69.57	57.23
	245.39	258.62	340.84	157.21	25.78
	26.34	24.94	14.86	10.86	7.32
	16.92	15.19	7.62	6.94	3.33
	28.60	29.56	17.44	6.28	3.52
	72.89	64.45	21.43	6.47	5.48
	-13.08	3.93	39.60	25.98	6.19
	0.00	0.00	0.00	0.00	-2.90
	-13.08	3.93	39.60	25.98	3.29
	6.82	3.87	12.16	7.45	1.70
	-12.98	0.06	27.44	18.53	1.59
	-5.68	3.88	19.76	14.97	1.51
Key metrics
	32.44	48.68	64.66	39.20	10.14
	7.13%	10.30%	12.70%	13.90%	9.60%
	-2.85%	0.00%	5.40%	6.60%	1.50%
	—	4.60%	15.40%	—	—
	-5.17%	-6.50%	80.00%	167.70%	—
	-163.01%	-99.80%	48.10%	1,065.40%	—
	—	-147.06	-24.32	—	—
	—	-575.33	0.91	—	—
	—	0.30	0.30	—	—
	—	82.59	63.87	—	—
	—	116.0	55.7	—	—
Balance sheet
	—	652.96	441.84	—	—
	—	345.73	209.35	—	—
	—	24.62	9.31	—	—
	—	231.36	151.33	—	—
	—	40.20	12.25	—	—
	—	21.13	25.34	—	—
	—	173.59	117.10	—	—
	—	120.73	86.19	—	—
	—	232.82	136.05	—	—
	—	107.21	73.18	—	—
	—	53.25	16.75	—	—
	—	53.96	56.43	—	—
	—	356.00	245.16	—	—
Cash flow
	—	-34.52	25.03	—	—
	—	-77.21	-59.76	—	—
	—	127.04	29.69	—	—
	—	112.54	49.35	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	57.02	235.03	37.90	62.59	81.19	106.09	138.88	127.22	109.28	149.38	62.69	41.18
	2.14	2.06	1.11	1.29	0.65	0.64	1.38	0.57	0.76	0.46	1.49	0.39
	59.16	237.09	39.01	63.88	81.84	106.73	140.25	127.79	110.04	149.84	64.18	41.57
	71.14	193.53	54.36	71.24	76.47	95.78	137.13	115.15	99.15	133.16	57.73	37.22
	30.35	50.12	12.97	9.01	17.93	28.07	6.90	13.86	18.73	36.73	12.15	8.59
	31.35	123.91	24.45	48.11	48.11	40.14	111.82	90.28	77.63	86.56	38.71	22.81
	4.97	5.32	4.68	4.57	4.10	3.19	3.34	4.21	3.66	2.91	2.85	2.55
	3.36	7.02	4.04	1.83	1.62	1.71	2.00	2.08	1.78	1.44	1.00	0.92
	3.37	5.24	5.10	4.26	3.90	4.14	4.48	4.25	3.57	2.63	1.15	1.05
	11.66	3.59	5.86	3.31	2.68	10.16	5.42	3.21	1.08	2.30	1.00	1.10
	-11.98	43.56	-15.35	-7.36	5.38	10.96	3.12	12.64	10.89	16.68	6.46	4.35
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	-11.98	43.56	-15.35	-7.36	5.38	10.96	3.12	12.64	10.89	16.68	6.46	4.35
	-2.98	12.02	1.97	-2.43	1.49	4.08	0.30	3.24	3.03	4.49	1.25	0.99
	-9.00	31.54	-13.38	-4.93	3.89	6.88	2.82	9.40	7.86	12.19	5.21	3.36
	-5.99	21.70	-9.22	-3.44	2.69	4.81	1.98	6.80	5.99	9.28	4.11	2.83
Key metrics
	-5.25	55.82	-6.21	-1.27	10.90	16.81	9.60	18.97	16.24	20.75	8.61	6.32
	-9.20%	23.80%	-16.40%	-2.00%	13.40%	15.80%	6.90%	14.90%	14.90%	13.90%	13.70%	15.30%
	-15.80%	13.40%	-35.30%	-7.90%	4.80%	6.50%	2.00%	7.40%	7.20%	8.20%	8.30%	8.20%
	—	12.20%	—	-1.80%	—	4.40%	—	—	—	—	—	—
	-29.80%	121.50%	-72.70%	-50.80%	-25.70%	-29.00%	121.50%	208.90%	—	—	—	—
	-331.40%	358.40%	-574.50%	-152.40%	-50.50%	-43.60%	-45.90%	179.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	392.54	416.71	481.47	279.00	104.95	21.24
	6.60	5.11	3.35	2.57	1.15	1.23
	399.14	421.82	484.82	281.57	106.10	22.47
	390.27	395.59	447.21	252.16	99.83	22.07
	102.45	90.03	67.56	69.57	57.23	21.36
	227.82	244.58	319.87	154.15	25.62	—
	19.54	18.67	14.40	10.42	7.32	3.99
	16.25	14.50	7.57	4.23	3.25	0.01
	17.97	18.51	16.44	5.87	3.51	0.32
	24.42	15.45	19.88	5.80	5.31	2.17
	8.87	26.24	37.61	29.41	6.27	0.40
	0.00	0.00	0.00	—	—	—
	8.87	26.24	37.61	29.41	6.27	0.40
	8.58	9.11	10.64	7.35	1.70	0.19
	4.23	17.13	26.97	22.06	4.57	0.21
	3.05	11.82	19.42	17.82	4.32	0.20
Key metrics
	43.09	59.25	61.62	39.51	13.03	0.73
	10.98%	14.20%	12.80%	14.20%	12.40%	3.40%
	1.08%	4.10%	5.60%	7.90%	4.40%	1.00%
	—	9.80%	15.90%	—	—	—
	-13.42%	-13.50%	72.60%	165.80%	394.10%	—
	-81.60%	-36.50%	22.30%	382.70%	2,076.20%	—
	—	-117.63	-33.23	—	—	—
	—	-1.95	0.27	—	—	—
	—	0.27	0.28	—	—	—
	—	74.78	58.31	—	—	—
	—	127.2	57.6	—	—	—
Balance sheet
	—	617.33	398.22	—	—	—
	—	349.97	205.66	—	—	—
	—	21.73	5.09	—	—	—
	—	218.05	143.63	—	—	—
	—	35.99	11.78	—	—	—
	—	13.20	21.18	—	—	—
	—	167.27	127.30	—	—	—
	—	108.82	79.35	—	—	—
	—	203.46	113.38	—	—	—
	—	96.51	63.40	—	—	—
	—	42.55	6.97	—	—	—
	—	53.96	56.43	—	—	—
	—	352.91	224.95	—	—	—
Cash flow
	—	-33.34	7.26	—	—	—
	—	-77.98	-34.52	—	—	—
	—	127.96	22.14	—	—	—
	—	84.29	40.49	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +58.35%
Sales CAGR 5Y: —
Profit CAGR 3Y: +55.34%
Profit CAGR 5Y: —
Sales YoY (TTM): -13.42%
Profit YoY (TTM): -81.60%

Consolidated

Sales CAGR 3Y: +65.17%
Sales CAGR 5Y: —
Profit CAGR 3Y: -66.46%
Profit CAGR 5Y: —
Sales YoY (TTM): -5.17%
Profit YoY (TTM): -163.01%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 51.45%

Quarter	September 2026	June 2026
Promoter %	51.45%	51.45%

Holder	Type	Holding	Previous	Change
NIBE GANESH RAMESH	Promoter	46.84%	46.84%	0.00%
MANJUSHA GANESH NIBHE	Promoter	4.35%	4.35%	0.00%
VENUS INVESTMENTS VCC - VENUS STELLAR FUND	Public	4.25%	4.25%	0.00%
EMINENCE GLOBAL FUND PCC- EUBILIA CAPITAL PARTNERS FUND I	Public	3.62%	3.62%	0.00%
JAYACHANDRAN C R	Public	1.68%	1.30%	+0.38%
NORTH STAR OPPORTUNITIES FUND VCC-BULL VALUE INCORPORATED VCC SUB-FUND	Public	1.34%	1.34%	0.00%
RANKA PRAMOD BHAGCHAND	Public	1.06%	1.08%	-0.02%
BHAGESH GANESH NIBE	Promoter Group	0.18%	0.18%	0.00%
DNYANESHWAR KARBHARI NIBE	Promoter Group	0.04%	0.04%	0.00%
MANDATAI RAMESH NIBE	Promoter Group	0.02%	0.00%	+0.02%
NIBE POOJA KISHOR	Promoter Group	0.02%	0.00%	+0.02%
SAYALI DNYANESHWAR NIBE	Promoter Group	0.00%	0.00%	0.00%
HARSHADA KISHOR NIBE	Promoter Group	0.00%	0.00%	0.00%
LATE KISHOR RAMESH NIBE	Promoter Group	0.00%	0.04%	-0.04%
VARUN GANESH NIBE	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Hindustan Aeronautics Limited	3,39,403	5,075.00	36.41	13.70%	+7.42% TTM	+12.16% TTM	+8.35%
Bharat Electronics Ltd.	2,90,271	397.10	43.46	31.90%	+20.28% TTM	+12.40% TTM	-4.34%
Bharat Dynamics Limited S	39,479	1,077.00	70.10	7.20%	-18.69% TTM	-7.13% TTM	-27.34%
Garden Reach Shipbuilders & Engineers Limited S	24,610	2,148.40	30.74	36.80%	+39.64% TTM	+42.86% TTM	-15.96%
Data Patterns (India) Limited S	22,853	4,082.00	85.29	21.00%	+33.81% TTM	+24.90% TTM	+51.15%
SIGMA ADVANCED SYSTEMS LIMITED S	17,815	940.15	254.78	46.60%	+32.27% TTM	-51.48% TTM	+325.02%
Apollo Micro Systems Limited	16,157	434.80	123.30	13.50%	+77.12% TTM	+63.98% TTM	+56.46%
Zen Technologies Ltd.	15,581	1,725.70	65.83	15.60%	+4.17% TTM	-12.80% TTM	+22.66%
Astra Microwave Products Ltd.	14,988	1,578.60	79.28	21.00%	+4.02% TTM	+16.28% TTM	+48.95%
Aequs Limited	14,741	219.80	-72.97	1.10%	—	—	—
Paras Defence and Space Technologies Limited	10,201	1,265.85	95.31	16.30%	+41.68% TTM	+56.45% TTM	+82.52%
Unimech Aerospace and Manufacturing Limited	9,014	1,770.80	102.28	12.30%	+40.00% TTM	+10.76% TTM	+77.46%
AXISCADES TECHNOLOGIES LIMITED	8,126	1,910.60	222.97	15.70%	+4.61% TTM	-54.09% TTM	+23.11%
TONBO IMAGING INDIA LIMITED	7,321	1,278.05	—	—	—	—	—
Mishra Dhatu Nigam Limited	7,292	389.25	54.03	8.80%	+18.17% TTM	+13.89% TTM	+2.38%
Centum Electronics Ltd	6,282	4,255.65	126.60	20.70%	-2.14% TTM	+525.07% TTM	+72.77%
Cyient DLM Limited	5,981	753.40	71.22	10.50%	-1.51% TTM	+2.85% TTM	+65.78%
Rossell Techsys Limited	5,487	1,455.70	213.25	32.70%	+82.66% TTM	+68.79% TTM	+132.87%
Avantel Limited	3,686	138.70	186.92	8.60%	+14.57% TTM	-41.41% TTM	-17.29%
IDEAFORGE TECHNOLOGY LIMITED	3,555	715.00	118.44	-2.60%	+263.51% TTM	+132.30% TTM	+50.34%
Jaykay Enterprises Limited	2,757	211.60	15.97	30.00%	+117.55% TTM	+818.57% TTM	—
CFF FLUID CONTROL LIMITED S	2,062	983.00	—	19.80%	—	—	+41.69%
Sika Interplant Systems Ltd.	1,902	897.00	54.88	30.60%	+0.45% TTM	+9.69% TTM	-23.60%
NIBE LIMITED	1,821	1,174.40	-140.29	4.60%	-5.17% TTM	-163.01% TTM	-1.09%
MILLWORKS TECHNOLOGIES LIMITED	1,732	983.30	—	—	—	—	—

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 for September 30, 2026.12 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation regarding the assignment of a credit rating under Regulation 30, read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20157 Oct 2026 · Company Update / Credit Rating
Voting Results and Scrutinizer Report of 21st Annual General Meeting held on September 29, 20261 Oct 2026 · AGM/EGM / AGM
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 it is hereby informed that Mrs. Ranjana Mimani has tendered her resignation from the post of Non-Executive Non-Independent Director ....29 Sep 2026 · Company Update / Resignation of Director
Proceedings of the 21st Annual General Meeting of the Company29 Sep 2026 · AGM/EGM / AGM
Intimation regarding Closure of Trading Window for the quarter and half year ending September 30, 202626 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Press Release titled "Naval Group, France and Nibe Limited with its Group Companies establish strategic partnership to strengthen India''s Naval Shipbuilding capabilities and Maritime Technology ....18 Sep 2026 · Company Update / Press Release / Media Release
Newspaper Publication8 Sep 2026 · Company Update / Newspaper Publication
Letter to Shareholder pursuant to Regulation 36(1)(b) of SEBI (LODR) Regulation, 20157 Sep 2026 · Company Update / General
21st Annual Report of the Company for FY 2025-267 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice of 21st Annual General Meeting7 Sep 2026 · AGM/EGM / AGM
Nibe Limited has informed the Exchange regarding copies of Newspaper Publication towards the 21st Annual General Meeting of the Company5 Sep 2026 · Company Update / Newspaper Publication
Intimation for 21st Annual General Meeting (AGM) scheduled to be held on Tuesday, September 29 2026.4 Sep 2026 · AGM/EGM / AGM
Intimation of Record Date for Payment of Dividend on Equity Shares for the Financial Year 2025-26.4 Sep 2026 · Corp. Action / Record Date
Nibe Limited has informed the exchange regarding receipt of Letter of Award to Nibe Space Private Limited (Subsidiary of the Company)18 Aug 2026 · Company Update / Award of Order / Receipt of Order
Newspaper Publication for Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 202615 Aug 2026 · Company Update / Newspaper Publication
Nibe Limited has informed the Exchange about Receiving of order/ contract from Ministry of Defence (Government of India)14 Aug 2026 · Company Update / Award of Order / Receipt of Order
Monitoring Agency Report for the quarter ended June 30, 202614 Aug 2026 · Company Update / Monitoring Agency Report
Appointment of Cost Auditor of the Company for FY 2026-2714 Aug 2026 · Company Update / General
Appointment of Internal Auditor of the Company for FY 2026-2714 Aug 2026 · Company Update / General
The Company hereby informs the appointment of Mr. Ganesh Ramesh Nibe as the Chief Executive Officer (CEO) of the Company w.e.f. August 14, 202614 Aug 2026 · Company Update / Change in Management
Statement of Deviation and Variation for the quarter ended June 30, 202614 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 202614 Aug 2026 · Result / Financial Results
Outcome of Board Meeting held on August 14, 2026 towards approval of Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026.14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Press release titled NIBE Limited signs Contract with Indian Army for supply of "Vayuastra" Loitering Munition System Under Fast Track Procurement (FTP) route dated August 14, 202614 Aug 2026 · Company Update / Press Release / Media Release
NIBE Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve Unaudited Standalone and Consolidated ....10 Aug 2026 · Board Meeting / Board Meeting
Compliance Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 202615 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Allotment of 2,40,500 Equity share upon conversion of warrants14 Jul 2026 · Company Update / Allotment of Equity Shares
Clarification/Confirmation on news item appearing in "Media/Publication"9 Jul 2026 · Others
The Exchange has sought clarification from NIBE Ltd on July 09, 2026, with reference to news appeared in https://www.thehindubusinessline.com/ dated July 9, 2026, quoting "Tata, Nibe likely ....9 Jul 2026 · Company Update / Clarification
Intimation for closure of trading window for quarter ending June 30, 202625 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Resignation of Mr. Praksah Hari Khose as Chief Executive Officer w.e.f June 25, 202625 Jun 2026 · Company Update / Resignation of Chief Executive Officer (CEO)
Intimation for Closure of Trading Window for quarter ended June 30,202625 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Nibe Limited has informed the exchange about change in Director of the Company.19 Jun 2026 · Company Update / Change in Directorate
Nibe Limited has submitted the Exchange a copy of Scrutinizer Report & Voting Results of Postal Ballot.19 Jun 2026 · AGM/EGM / Postal Ballot
Nibe Limited showcase Garudastra (Long Range 120mm Vehicle Mounted Mortar & Bomb System) and its precision strike capability using GPS and Laser Guidance to Indian Army under NC- NC demonstration.17 Jun 2026 · Company Update / Press Release / Media Release
Nibe Limited refutes Misleading Allegation published on June 15, 2026 in the article " Time to stop Mockery in Atmanirbharta in Defence" by Bharat Shakti.16 Jun 2026 · Company Update / Press Release / Media Release
Allotment of 3,20,000 Equity share upon conversion of Warrants8 Jun 2026 · Company Update / Allotment of Equity Shares
Nibe Defence and Aerosapce Limited, subsidiary of Nibe Limited has been granted license for Manufacturing and proof testing of Firearms by Department for Promotion of Industry and Internal ....6 Jun 2026 · Company Update / General
Newspaper Publication regarding Audited Results (standalone and Consolidated) for the quarter and year ended March 31, 202631 May 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.3000	22 Sep 2026	22 Sep 2026	—
Final Dividend - Rs. - 1.2500	23 Sep 2025	23 Sep 2025	—
Final Dividend - Rs. - 1.0000	20 Sep 2024	21 Sep 2024	—

Board meetings

14 Aug 2026 Board Meeting - Financial Results