NIBE share price & results
- Jun 2026
- Sept 2026
Pune-based defence & aerospace manufacturer of critical components, electro-optics and laser systems.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 57.0 | −29.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -13.0 | −25.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -9.0 | −331.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | -2.41 | −2.2 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -31.22 | −26.5 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -5.21 | −85.8 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −7.7% 1Y
1Y: ₹1,262.7 on 24 Oct 2025 → ₹1,165.1. High ₹1,835.3 (22 Jun 2026), low ₹817.2 (30 Mar 2026).
- Previous close
- ₹1,126.1
- Market cap
- ₹1.7k Cr
- 52-week range
- ₹817.2 – ₹1,835.3
- One year
- −7.36%
- Return on equity (TTM to Jun 2026)
- -2.41%
Overview
- Symbol
- NSE:NIBE
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What NIBE Limited does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 4 fiscal years held (Mar 2023 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −331% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 127 | 139 | 106 | 81 | 63 | 38 | 235 | 57 |
| Expenses | 109 | 131 | 90 | 71 | 65 | 45 | 181 | 64 |
| Operating profit | 18 | 8 | 16 | 10 | -3 | -7 | 54 | -7 |
| Operating margin | 14.5% | 5.9% | 15.2% | 12.6% | −4.1% | −19.3% | 22.9% | −13.0% |
| Other income | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Interest | 2 | 2 | 2 | 2 | 2 | 4 | 7 | 3 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 3 |
| Profit before tax | 13 | 3 | 11 | 5 | -7 | -15 | 44 | -12 |
| Tax rate | 25.6% | 9.6% | 37.3% | 27.6% | −33.0% | −12.8% | 27.6% | −24.9% |
| Net profit | 9 | 3 | 7 | 4 | -5 | -13 | 32 | -9 |
| EPS (₹ per share) | 6.57 | 1.97 | 4.81 | 2.68 | -3.40 | -9.23 | 21.11 | -5.90 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 279 | 481 | 417 |
| Expenses | 242 | 423 | 363 |
| Operating profit | 37 | 58 | 54 |
| Other income | 3 | 3 | 5 |
| Interest | 4 | 8 | 15 |
| Depreciation | 6 | 16 | 19 |
| Profit before tax | 29 | 38 | 26 |
| Net profit | 22 | 27 | 17 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 10 | 12 | 13 | 14 | 14 | 15 |
| Reserves | 0 | 66 | 154 | 211 | 219 | 338 |
| Borrowings | 11 | 31 | 69 | 66 | 91 | 104 |
| Other liabilities | 19 | 48 | 55 | 108 | 98 | 160 |
| Total liabilities | 41 | 156 | 291 | 398 | 422 | 617 |
| Fixed assets | 12 | 39 | 119 | 137 | 190 | 176 |
| Capital work in progress | 0 | 10 | 22 | 27 | 1 | 60 |
| Investments | 0 | 6 | 21 | 16 | 2 | 11 |
| Other assets | 29 | 101 | 130 | 219 | 228 | 371 |
| Total assets | 41 | 156 | 291 | 398 | 422 | 617 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operations | -8 | 5 | 7 | -33 |
| Cash from investing | -62 | -105 | -35 | -78 |
| Cash from financing | 77 | 102 | 22 | 128 |
| Net cash flow | 7 | 2 | -5 | 17 |
| Free cash flow | -64 | -81 | -33 | -121 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 214 | 48 | 123 | 50 | 109 | 191 |
| Inventory days | 1093 | 759 | 52 | 45 | 12 | 42 |
| Days payable | 4 | 265 | 19 | 45 | 82 | 128 |
| Cash conversion cycle | 1303 | 542 | 157 | 50 | 39 | 105 |
| Working capital days | 1110 | -32 | 28 | 54 | 61 | 90 |
| Return on capital employed | 2.0% | 4.0% | 15.0% | 19.0% | 17.0% | 11.0% |
| Dividend payout | 0.0% | 0.0% | 3.0% | 6.0% | 7.0% | 11.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Defence contributes 66.1% of reported segment revenue.
Quarter ended 31 Dec 2025 · Consolidated
- Defence 66.1%
₹39.89 crore
- Aeronautics 33.9%
₹20.47 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Defence | 39.89 | 66.1% |
| Aeronautics | 20.47 | 33.9% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹60.36 crore
- Intersegment adjustment
- ₹1.29 crore
- Net segment revenue
- ₹59.08 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Defence shrank from 99% to 66% of revenue over the last three quarters.
| Segment | Jun 2025 | Sep 2025 | Dec 2025 | YoY growth latest quarter |
|---|---|---|---|---|
| Defence | 99% | 90% | 66% | — |
| Aeronautics | — | 10% | 34% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Promoters hold 51.46% as of Sept 2026; institutions cut 0.57 pts since Jul 2026.
- Promoters 51.46%
- Foreign institutions 10.88%
- Domestic institutions 0.60%
- Public 37.07%
Who bought this quarter
since Jul 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- +0.38 pp 1.68% held
- newly disclosed 0.18% held
- newly disclosed 0.04% held
- newly disclosed 0.02% held
- newly disclosed 0.02% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of NIBE Limited above SEBI's 1% disclosure line, and what changed since Jul 2026.
| Holder | Stake | Change |
|---|---|---|
| 46.84% | unchanged | |
| 4.35% | unchanged | |
| FPI fund | 4.25% | unchanged |
| FPI fund | 3.62% | unchanged |
| 1.68% | +0.38 pp | |
| FPI fund | 1.34% | unchanged |
| 1.06% | unchanged | |
| 0.18% | newly disclosed | |
| 0.04% | newly disclosed | |
| 0.02% | newly disclosed | |
| 0.02% | newly disclosed | |
| FPI fund | — | off the list |
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.
Your own record
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