NIBE Ltd.

•

nibelimited.comBSE: 535136NSE: NIBE

Market Cap₹ 1,987 Cr.

Current Price

High / Low₹ 1,848 / 810

Stock P/E—

Book Value₹ 262

Price to Book6.52

Dividend Yield0.10 %

ROCE18.0 %

ROE14.6 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Promoters have been increasing their shareholding - up 2.3pp over 2 years
Working capital cycle has improved - days down from 96 to 53
Institutional investors have been accumulating - FII+DII up 2.7pp
Company maintains a comfortable, low leverage position

CONS

Receivables are growing faster than sales - a possible quality concern
Recent results are weak - TTM profit is down 166.4% versus prior year
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.25x)
Free cash flow has been persistently negative
Stock is trading at 6.5x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsAerospace & Defense

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	HAL	4898.75	35.15	327616.15	0.92	1589.66	14.88	5515.17	14.45	31.99	27.89
2.	BEL	405.50	48.23	296411.53	0.62	1054.53	8.82	5546.98	24.94	36.68	25.22
3.	BDL	1190.50	83.80	43639.27	0.41	118.79	547.36	572.24	147.63	13.91	14.52
4.	DATAPATTNS	4832.90	3517.81	27056.49	0.21	220.60	765.10	1160.30	1068.13	23.18	27.04
5.	ASTRAMICRO	1677.95	84.27	15931.30	0.14	12.35	-24.12	176.66	-11.55	20.29	20.40
6.	APOLLO	421.95	129.24	15679.64	0.06	25.22	42.58	251.29	88.12	14.52	21.38
7.	ZENTEC	1722.85	86.35	15556.12	0.06	31.85	-39.99	141.64	-10.48	16.83	27.13
8.	AEQUS	226.05	304.43	15160.40	0.00	-532.28	-6067.26	3955.45	1486.69	1.50	4.47
9.	PARAS	1433.00	122.27	11548.16	0.07	20.74	45.34	127.91	37.26	18.68	24.95
10.	UNIMECH	1609.30	113.74	8191.66	0.00	27.86	45.70	107.62	70.85	12.10	36.35
11.	AXISCADES	1831.10	214.34	7788.31	0.00	-14.76	-170.76	183.35	-24.77	14.56	4.73
12.	NIBE	1282.10	468.64	1987.48	0.10	-12.00	-1250.24	63.01	-23.62	17.98	-15.12

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	26	41	63	152	110	136	149	113	82	73	59	260	63
	23	35	56	133	95	118	142	93	75	78	69	208	80
Operating Profit	3	6	7	19	15	18	7	19	8	-4	-10	51	-17
OPM %	12.21%	14.13%	11.05%	12.64%	13.97%	13.30%	4.80%	16.99%	9.09%	-6.09%	-16.22%	19.77%	-27.42%
	0	0	2	1	1	1	2	1	1	1	1	2	2
Interest	1	1	2	2	2	2	2	2	2	2	4	7	3
Depreciation	1	1	1	3	4	5	5	4	5	7	8	8	4
Profit before Tax	1	4	6	15	11	12	2	15	2	-13	-22	37	-15
Tax %	43.45%	27.08%	21.39%	30.51%	27.97%	26.32%	-1.05%	40.56%	41.34%	26.31%	13.48%	25.68%	21.24%
Net Profit	0	0	0	0	8	9	2	9	1	-10	-19	28	-12
	0.70	2.36	3.48	7.94	6.00	6.34	1.35	6.11	0.72	-6.69	-11.76	20.11	-7.34

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	TTM
	105	282	507	455
	93	246	447	435
Operating Profit	12	36	60	20
OPM %	11.30%	12.64%	11.85%	4.39%
	-2	4	5	5
Interest	3	7	8	17
Depreciation	4	6	17	29
Profit before Tax	3	26	40	-13
Tax %	51.64%	28.68%	30.71%	0.80%
Net Profit	2	19	27	-13
EPS	1.51	14.45	18.70	—
Dividend Payout %	7.57%	6.92%	6.69%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 9%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 12%
Last Year:: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
Equity Capital	12	13	14
Minority Interest	0	26	13
	52	134	215
	46	65	72
Trade Payables	4	24	86
	39	54	41
Total Liabilities	153	316	442
	35	112	130
Capital Work in Progress	10	22	33
	1	17	10
	9	23	12
	0	42	151
Cash & Bank	15	16	9
	83	85	96
Total Assets	153	316	442

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
	-30	18	25
Cash from Investing	-56	-124	-60
Cash from Financing	96	111	30
	9	5	-5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	49.96	53.08	53.08	53.08	53.74	54.93	55.01	53.39	52.27
	9.58	7.80	8.27	8.72	7.81	4.77	5.99	8.67	10.59
	0.74	0.49	0.46	0.45	0.59	0.70	0.35	0.35	0.55
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	39.72	38.64	38.19	37.76	37.85	39.60	38.65	37.59	36.60

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Copy of Newspaper Publication

2026-09-08 - NIBE Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-07

General Updates

2026-09-07 - Letter to Shareholders pursuant to Regulation 36(1)(b) of SEBI (LODR) Regulation, 2015

2026-09-07

Shareholders meeting

2026-09-07 - NIBE Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026

2026-09-05

Copy of Newspaper Publication

2026-09-05 - NIBE Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-04

General Updates

2026-09-04 - NIBE Limited has informed the Exchange about Intimation for 21st Annual General Meeting (AGM) scheduled to be held on Tuesday, September 29, 2026.

2026-09-04

Record Date

2026-09-04 - NIBE Limited has informed the Exchange that Record date for the purpose of Dividend is 22-Sep-2026.

2026-08-18

Bagging/Receiving of orders/contracts

2026-08-18 - NIBE Limited has informed the Exchange that Nibe Space Private Limited (Subsidiary Company) has received Letter of Award.

2026-08-15

Copy of Newspaper Publication

2026-08-15 - NIBE Limited has informed the Exchange about Copy of Newspaper Publication regarding Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026

2026-08-14

Monitoring Agency Report

2026-08-14 - Nibe Limited has informed about Monitoring Agency Report for June 30, 2026

News

Recent coverage and analyst commentary for NIBE

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AI Stock Analyst

NIBE Ltd.

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Free 5nance Account

Name

HAL

4898.75

35.15

327616.15

0.92

1589.66

14.88

5515.17

14.45

31.99

27.89

BEL

405.50

48.23

296411.53

0.62

1054.53

8.82

5546.98

24.94

36.68

25.22

BDL

1190.50

83.80

43639.27

0.41

118.79

547.36

572.24

147.63

13.91

14.52

DATAPATTNS

4832.90

3517.81

27056.49

0.21

220.60

765.10

1160.30

1068.13

23.18

27.04

ASTRAMICRO

1677.95

84.27

15931.30

0.14

12.35

-24.12

176.66

-11.55

20.29

20.40

APOLLO

421.95

129.24

15679.64

0.06

25.22

42.58

251.29

88.12

14.52

21.38

ZENTEC

1722.85

86.35

15556.12

0.06

31.85

-39.99

141.64

-10.48

16.83

27.13

AEQUS

226.05

304.43

15160.40

0.00

-532.28

-6067.26

3955.45

1486.69

1.50

4.47

PARAS

1433.00

122.27

11548.16

0.07

20.74

45.34

127.91

37.26

18.68

24.95

UNIMECH

1609.30

113.74

8191.66

0.00

27.86

45.70

107.62

70.85

12.10

36.35

AXISCADES

1831.10

214.34

7788.31

0.00

-14.76

-170.76

183.35

-24.77

14.56

4.73

NIBE

1282.10

468.64

1987.48

0.10

-12.00

-1250.24

63.01

-23.62

17.98

-15.12

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

152

110

136

149

113

260

133

118

142

208

Operating Profit

-4

-10

-17

OPM %

12.21%

14.13%

11.05%

12.64%

13.97%

13.30%

4.80%

16.99%

9.09%

-6.09%

-16.22%

19.77%

-27.42%

Interest

Depreciation

Profit before Tax

-13

-22

-15

Tax %

43.45%

27.08%

21.39%

30.51%

27.97%

26.32%

-1.05%

40.56%

41.34%

26.31%

13.48%

25.68%

21.24%

Net Profit

-10

-19

-12

0.70

2.36

3.48

7.94

6.00

6.34

1.35

6.11

0.72

-6.69

-11.76

20.11

-7.34

Mar 2023

Mar 2024

Mar 2025

TTM

105

282

507

455

246

447

435

Operating Profit

OPM %

11.30%

12.64%

11.85%

4.39%

-2

Interest

Depreciation

Profit before Tax

-13

Tax %

51.64%

28.68%

30.71%

0.80%

Net Profit

-13

EPS

1.51

14.45

18.70

—

Dividend Payout %

7.57%

6.92%

6.69%

—

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Minority Interest

134

215

Trade Payables

Total Liabilities

153

316

442

112

130

Capital Work in Progress

151

Cash & Bank

Total Assets

153

316

442

Mar 2023

Mar 2024

Mar 2025

-30

Cash from Investing

-56

-124

-60

Cash from Financing

111

-5

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

49.96

53.08

53.74

54.93

55.01

53.39

52.27

9.58

7.80

8.27

8.72

7.81

4.77

5.99

8.67

10.59

0.74

0.49

0.46

0.45

0.59

0.70

0.35

0.55

Government

0.00

39.72

38.64

38.19

37.76

37.85

39.60

38.65

37.59

36.60

NIBE Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

NIBE Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI