Company Profile
Establishment: Nibe Limited was founded in 2021 under the visionary leadership of Mr. Ganesh Ramesh Nibe
Specialization: The company specializes in manufacturing critical components, primarily catering to the defense industry
Company Management:
Strategic Divisions:
E-Vehicles Division: Nibe pioneers sustainable transportation by producing top-notch eco-friendly E-bikes and rickshaws. Their commitment to efficient and responsible mobility drives positive change.
BVM R&D Foundation: Nibe leads the charge in advanced Lithium-ion Battery pack research, positioning itself as a key player in the global quest for clean energy solutions.
Precision Fabrication for Defence Production: Nibe aims to play a significant role in this domain, leveraging cutting-edge technology to create quality, reliable, eco-friendly products.
Defence Contributions:
Nibe Limited actively participates in the production of structures, sub-assemblies, and assemblies for mobile weapon launchers. Notably, they contribute to programs like the Pinaka launcher and MRSAM launcher, serving the tri-services of the Indian Defence.
The company also manufactures structural systems, including the Modular Bridge designed for the Indian Army and engineering solutions tailored for Naval applications.
State-of-the-Art Manufacturing Plant:
- Nibe’s advanced manufacturing facility serves as the backbone of its operations, exclusively dedicated to the defense industry. Here, precision engineering meets cutting-edge technology, ensuring the highest standards of quality and reliability.
Atmanirbhar Bharat Vision:
- In alignment with the vision of Atmanirbhar Bharat (Self-Reliant India), Nibe extends its commitment to fostering self-reliance in the defense sector. The company actively supports initiatives that promote Indigenous development and innovation in defense technologies.
Shareholding Pattern:
Product Portfolio:
BrahMos Missile Canister:
- Nibe Limited is involved in the production of BrahMos missile canisters, which play a crucial role in the deployment and protection of these advanced supersonic cruise missiles.
MRSAM Canister:
- The company manufactures canisters for the Medium Range Surface-to-Air Missile (MRSAM) system. These canisters house the missiles and ensure their safe transport and storage.
Jet Deflector:
- Nibe produces jet deflectors, essential components used in various defense applications, including missile systems and aircraft.
MRSAM Cassettes:
- The company contributes to the production of MRSAM cassettes, which are integral to the MRSAM launch system.
MRSAM Under-Frame:
- Nibe Limited manufactures under-frames for the MRSAM system, providing stability and support during missile launch operations.
K9 Vajra Tank:
- Nibe is involved in the production of components for the K9 Vajra self-propelled howitzer, a powerful artillery system used by the Indian Army.
Sarvatra Bridging System:
- The company contributes to the production of the Sarvatra bridging system, which enables rapid deployment of military bridges in various terrains.
Pinaka Launcher System:
- Nibe Limited manufactures components for the Pinaka multi-barrel rocket launcher system, enhancing the Indian Army’s artillery capabilities.
Rudder Blade Assembly:
- Nibe produces rudder blade assemblies used in naval vessels, ensuring precise control and maneuverability.
Diving Support Vessel UVLM Under Ship Deck:
- The company contributes to the construction of diving support vessels, including components for underwater operations.
MLS-Talwar UVLM:
- Nibe Limited manufactures components for the MLS-Talwar underwater vehicle launch system, used in naval applications.
Shipbuilding – Blasting & Primer Coating of Plates:
- Nibe provides services related to shipbuilding, including surface preparation (blasting) and primer coating of steel plates.
Fuel Storage Tank:
- The company produces fuel storage tanks, essential for various military and industrial applications.
SLCM Subcontainer Frame:
- Nibe Limited manufactures subcontainer frames for the Submarine-Launched Cruise Missile (SLCM) system.
Road Mobile Launcher Army Erecting Frame:
- Nibe contributes to the production of road-mobile launchers used by the Indian Army.
Damper Structure:
- The company manufactures damper structures, which play a role in controlling vibrations and movements in various systems.
HDPS Airbags:
- Nibe produces airbags used in the High-Density Polyethylene Pontoons System (HDPS) for naval applications.
Namika Fixture:
- Nibe Limited manufactures fixtures used in the assembly and maintenance of various defense equipment.
Oxygen Generation Plant:
- The company contributes to the production of oxygen generation plants, critical for life support systems in submarines and other enclosed environments.
Company Financial:
Financial FY24
MarketCap: 2808 cr
Stock PE: 127
ROCE: 20.2%
ROE:18.9%
PEG Ratio: 0.35
Debt to equity: 0.41
Debt: 69.2 cr
Working Capital: 68.5 cr
Promoter Holding: 50%
Int Coverage: 7.95
Pledged Percentage: 0
Return on Assets: 9.87%
MarketCap to Sales: 10.1
Key strengths:
Cutting-Edge Technology: Nibe Limited leverages state-of-the-art technology in its manufacturing processes. This commitment to innovation ensures the production of high-quality, reliable, and eco-friendly products.
Sustainable Transportation: The company’s E-Vehicles division pioneers sustainable transportation by producing top-notch eco-friendly E-bikes and rickshaws. [These vehicles are more economical than their fuel-powered counterparts and contribute to reducing transport-related air pollutants]
Clean Energy Solutions: Through the BVM R&D Foundation, Nibe actively engages in advanced Lithium-ion Battery pack research. By positioning itself as a key player in clean energy solutions, Nibe contributes to a greener future.
Defence Contributions: Nibe Limited plays a crucial role in defense production. It manufactures critical components for mobile weapon launchers like the Pinaka launcher and MRSAM launcher. [Additionally, it provides structural systems tailored for naval applications and the Indian Army]
Environmental Responsibility: Nibe understands the urgency of addressing environmental challenges. The company actively contributes to shaping a future where energy is harnessed efficiently and responsibly.
Key Weaknesses:
Market Volatility: Like any company, Nibe Limited operates in a dynamic market. Economic fluctuations, regulatory changes, and geopolitical factors can impact its performance.
Competition: The defense industry is competitive, with other players vying for contracts and projects. Nibe must continually innovate and maintain its edge.
Dependency on Defence Sector: Nibe’s focus on defense production means its fortunes are closely tied to government contracts and defense spending. Any shifts in these areas can affect the company.
Technological Risks: While cutting-edge technology is an advantage, it also comes with risks. Nibe must manage technological challenges, including research and development costs and potential setbacks.
DISC: Invested in stock. Views are biased