NIBE
NIBE share price & financials
- Price
- ₹1,815.4
- Market cap
- ₹2.0k Cr
- Sector
- Capital Goods
What NIBE Limited does
Nibe Limited (formerly Kavita Fabrics Limited) is a Pune-based defence and aerospace manufacturer that produces critical components for defence equipment and develops electro-optics and laser-based systems for India's indigenous defence programmes, operating from its plant in the Chakan Industrial Area (MIDC), Pune. It earns revenue by manufacturing and supplying these defence and aerospace components/systems, and has built out a group structure of subsidiaries and associate companies spanning aeronautics, space and munitions/forging manufacturing. The company has entered manufacturing tie-ups including a licensed-manufacturing agreement with Nivetti Systems Pvt. Ltd. for indigenous switches and routers, and a long-term exclusive agreement with Larsen & Toubro for manufacturing critical defence components. Nibe added an NSE listing in FY2024-25 alongside its pre-existing BSE listing.
Segments
- Defence & Aerospace Manufacturing
- Manufacturing plant location
- Chakan Industrial Area (MIDC), Pune, Maharashtra
- Corporate office
- Mumbai, Maharashtra (Andheri East)
- Subsidiary companies
- Nibe Defence and Aerospace Limited, Nibe Aeronautics Limited, Nibe Space Private Limited, Karmayogi Manufacturing Private Limited
- Associate companies
- Global Munition Limited, Globe Forge Limited
- Stock exchange listing
- Dual-listed on BSE (Scrip 535136) and NSE (Symbol NIBE, added FY2024-25)
- Core technology focus
- Electro-optics and laser-based systems for defence applications
Quarterly results
Q1 FY27: revenue down 29.8%, net profit down 331.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 127 | 139 | 106 | 81 | 63 −51% | 38 −73% | 235 +122% | 57 −30% |
| EBITDA | 18 | 8 | 16 | 10 | -3 −114% | -7 −189% | 54 +233% | -7 −172% |
| Net profit | 9 | 3 | 7 | 4 | -5 −152% | -13 −574% | 32 +358% | -9 −331% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +7.8% 1Y
1Y: ₹1,189.5 on 10 Sept 2025 → ₹1,282.4. High ₹1,835.3 (22 Jun 2026), low ₹817.2 (30 Mar 2026).
Financials, as filed
Revenue grew 22.2% a year over 2 years, FY24 to FY26. Operating margin held at 13.0%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹279 Cr | ₹481 Cr | ₹417 Cr |
| Operating profit | ₹37 Cr | ₹58 Cr | ₹54 Cr |
| Operating margin | 13.2% | 12.1% | 13.0% |
| Interest | ₹4 Cr | ₹8 Cr | ₹15 Cr |
| Depreciation | ₹6 Cr | ₹16 Cr | ₹19 Cr |
| Net profit | ₹22 Cr | ₹27 Cr | ₹17 Cr |
| Net margin | 7.9% | 5.6% | 4.1% |
| Cash from operations | ₹5 Cr | ₹7 Cr | ₹-33 Cr |
| Free cash flow | ₹-81 Cr | ₹-33 Cr | ₹-118 Cr |
| ROCE | 19.0% | 17.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity capital | ₹12 Cr | ₹13 Cr | ₹14 Cr | ₹15 Cr |
| Reserves | ₹66 Cr | ₹154 Cr | ₹219 Cr | ₹338 Cr |
| Borrowings | ₹31 Cr | ₹69 Cr | ₹91 Cr | ₹104 Cr |
| Other liabilities | ₹48 Cr | ₹55 Cr | ₹98 Cr | ₹160 Cr |
| Total liabilities | ₹156 Cr | ₹291 Cr | ₹422 Cr | ₹617 Cr |
| Fixed assets | ₹39 Cr | ₹119 Cr | ₹190 Cr | ₹176 Cr |
| Capital work in progress | ₹10 Cr | ₹22 Cr | ₹1 Cr | ₹60 Cr |
| Investments | ₹6 Cr | ₹21 Cr | ₹2 Cr | ₹11 Cr |
| Other assets | ₹101 Cr | ₹130 Cr | ₹228 Cr | ₹371 Cr |
| Total assets | ₹156 Cr | ₹291 Cr | ₹422 Cr | ₹617 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jul 2026
Since Jun 2025, FIIs added +3.66 pp while promoters trimmed −2.28 pp.
- Promoters
- 51.5%
- FIIs
- 11.5%
- DIIs
- 0.6%
- Public
- 36.5%
Since Jun 2025
- FIIs +3.66 pp
- Promoters −2.28 pp
- Public −1.37 pp
How it drifted, 12 quarters
Over this window the public fell from 38.8% to 36.5% — −2.4 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 50.0%, FIIs 10.4%, DIIs 0.8%, Public 38.8%.Mar '24: Promoters 50.0%, FIIs 11.0%, DIIs 0.8%, Public 38.2%.Jun '24: Promoters 50.0%, FIIs 9.6%, DIIs 0.7%, Public 39.7%.Sep '24: Promoters 53.1%, FIIs 7.8%, DIIs 0.5%, Public 38.6%.Dec '24: Promoters 53.1%, FIIs 8.3%, DIIs 0.5%, Public 38.2%.Mar '25: Promoters 53.1%, FIIs 8.7%, DIIs 0.5%, Public 37.8%.Jun '25: Promoters 53.7%, FIIs 7.8%, DIIs 0.6%, Public 37.9%.Sep '25: Promoters 54.9%, FIIs 4.8%, DIIs 0.7%, Public 39.6%.Dec '25: Promoters 55.0%, FIIs 6.0%, DIIs 0.3%, Public 38.7%.Mar '26: Promoters 53.4%, FIIs 8.7%, DIIs 0.3%, Public 37.6%.Jun '26: Promoters 52.3%, FIIs 10.6%, DIIs 0.6%, Public 36.6%.Jul '26: Promoters 51.5%, FIIs 11.5%, DIIs 0.6%, Public 36.5%.
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Eminence Global Fund Pcc- Eubilia Capital Partners Fund I FPI fund +1.52 pp 3.62% held
- Jayachandran C R +0.10 pp 1.30% held
- Late Kishor Ramesh Nibe newly disclosed 0.04% held
The same filing shows 4 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jul 2026 filing
Every holder of NIBE Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| Nibe Ganesh Ramesh | 46.84% | −0.74 pp |
| Manjusha Ganesh Nibhe | 4.35% | −0.07 pp |
| Venus Investments Vcc - Venus Stellar Fund FPI fund | 4.25% | −0.07 pp |
| Eminence Global Fund Pcc- Eubilia Capital Partners Fund I FPI fund | 3.62% | +1.52 pp |
| India Emerging Giants Fund Limited FPI fund | 1.45% | −0.06 pp |
| North Star Opportunities Fund Vcc-Bull Value Incorporated Vcc Sub-Fund FPI fund | 1.34% | unchanged |
| Jayachandran C R | 1.30% | +0.10 pp |
| Ranka Pramod Bhagchand | 1.08% | unchanged |
| Bhagesh Ganesh Nibe | 0.18% | unchanged |
| Dnyaneshwar Karbhari Nibe | 0.04% | unchanged |
| Late Kishor Ramesh Nibe | 0.04% | newly disclosed |
| Mandatai Ramesh Nibe | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse NIBE Limited
Guides on how to read this kind of business and the numbers that matter.