Market Performance
NIBE Limited, a prominent small-cap defense stock, soared by 5%, hitting the upper circuit on Monday, May 26. The share price surged to ₹1,601 following the announcement of a substantial export order. This sharp rise reflects strong investor confidence in the company's latest contract win.
Major Export Order Details
- Order Value: USD 17.52 million (approx. ₹150.62 Crore)
- Client: Globally renowned technology-based company from Israel
- Product: Universal rocket launchers with a range of up to 300 km
- Significance: This is the first time this advanced technology has been produced in India for global markets
NIBE described this contract as a landmark achievement that aligns with India’s initiatives, Atmanirbhar Bharat and Make in India. The universal rocket launcher ordered is among the most sophisticated globally and aims to surpass competing products.
Company Highlights
NIBE Limited is an Indian defense technology leader focused on developing, manufacturing, and integrating advanced defense systems. The company works closely with international defense players to deliver cutting-edge indigenous solutions for the Indian Armed Forces and international clients.
In addition to the export contract, NIBE's subsidiary, Nibe Space Private Limited, secured official recognition from IN-SPACe as a 'Data Disseminator' for Earth Observation data. This allows the company to operate under national regulatory guidelines for space-based data services, reinforcing its position in the defense and space technology sectors.
Financial Snapshot
- Latest Quarter Results (Q3FY25):
- Revenue: ₹149 Crore
- Net Profit: ₹1.94 Crore
NIBE is set to announce its March quarter financial results on May 27, keeping investors keenly interested in the company's ongoing performance.
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