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Nibe Ltd.
(NIBE)
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Rating:47Neutral
Price Target:
₹1,721.00
▲(62.17% Upside)
Action:Reiterated
Date:06/19/26
The score is primarily held back by weak financial performance, driven by sharp margin compression and a move to negative operating and free cash flow in FY2026. Technicals are supportive due to a strong uptrend, but overbought readings add near-term risk. Valuation is a headwind given the very high P/E, with the dividend yield providing only partial support.
Positive Factors
Diversified product portfolio
Serving three distinct but related end markets (heat pumps/HVAC, electric elements for OEMs, and stoves) provides structural revenue diversification across channels and geographies. This reduces single-market cyclicality, supports cross-selling, and helps stabilize cash flows over multiple business cycles.
Negative Factors
Sharp margin deterioration
A material drop in gross margin signals persistent cost pressure, weaker pricing power, or unfavorable product mix. Sustained margin compression erodes operating leverage, reduces capacity to absorb SG&A and R&D, and undermines the firm’s ability to generate sustainable operating profits even if revenue stabilizes.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified product portfolio
Serving three distinct but related end markets (heat pumps/HVAC, electric elements for OEMs, and stoves) provides structural revenue diversification across channels and geographies. This reduces single-market cyclicality, supports cross-selling, and helps stabilize cash flows over multiple business cycles.
Read all positive factors
Nibe Ltd. (NIBE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹24.74B
Dividend Yield0.11%
Average Volume (3M)4.42K
Price to Earnings (P/E)707.1
Beta (1Y)1.26
Revenue Growth-6.48%
EPS Growth-80.45%
CountryIN
Employees149
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)5.38
Shares Outstanding14,941,273
10 Day Avg. Volume8,270
30 Day Avg. Volume4,416
Financial Highlights & Ratios
PEG Ratio-2.64
Price to Book (P/B)3.40
Price to Sales (P/S)2.50
P/FCF Ratio-8.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nibe Ltd. Business Overview & Revenue Model
Company Description
Nibe Limited, an Indian company established in Mumbai in 2005 and previously known as Kavita Fabrics Limited until its renaming in July 2020, operates across several key industrial sectors. The company primarily specializes in the precision fabric...
How the Company Makes Money
NIBE makes money primarily by selling products and systems across its three business areas, generating revenue from manufactured goods delivered through direct sales to OEMs and distributors, as well as through installer, wholesaler, and retailer ...
Nibe Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
64
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 1.13B | 4.74B | 5.07B |
| Gross Profit | 314.63M | 382.50M | 960.16M |
| EBITDA | 193.23M | 486.79M | 637.89M |
| Net Income | 76.43M | 56.32M | 267.29M |
Balance Sheet | |||
| Total Assets | 4.42B | 6.53B | 4.42B |
| Cash, Cash Equivalents and Short-Term Investments | 189.64M | 477.81M | 189.64M |
| Total Debt | 772.79M | 1.20B | 772.79M |
| Total Liabilities | 1.97B | 2.97B | 1.97B |
| Stockholders Equity | 2.32B | 3.48B | 2.32B |
Cash Flow | |||
| Free Cash Flow | -100.14M | -1.37B | -451.50M |
| Operating Cash Flow | 491.42M | -246.40M | 250.33M |
| Investing Cash Flow | -515.96M | -794.58M | -597.59M |
| Financing Cash Flow | 40.13M | 1.42B | 296.86M |
Nibe Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹160.17B | 42.95 | ― | 0.43% | 1.02% | -10.02% | |
69 Neutral | ₹131.56B | 35.39 | ― | 0.31% | 19.74% | 25.16% | |
66 Neutral | ₹5.81T | 34.55 | ― | 0.84% | 11.79% | 15.95% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹319.18B | 151.73 | ― | ― | 9.63% | -20.64% | |
48 Neutral | ₹140.57B | 23.16 | ― | 0.74% | 7.59% | 4.98% | |
47 Neutral | ₹24.74B | 707.14 | ― | 0.11% | -6.48% | -80.45% |
* Industrials Sector Average
IN:NIBE
Nibe Ltd.
1,655.65
0.22
0.01%
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Nibe Ltd. Corporate Events
Nibe shareholders clear appointment of independent director via postal ballot
Jun 19, 2026
Nibe Limited has announced that its shareholders have approved, by the requisite majority, a special resolution to appoint Rajagopalan Madhavan as an independent director through a postal ballot process concluded on June 18, 2026. The postal ballo...
Nibe Limited Strengthens Board with Appointment of Independent Director Rajagopalan Madhavan
Jun 19, 2026
Nibe Limited has announced a board change following shareholder approval via postal ballot, confirming the appointment of Rajagopalan Madhavan as an independent director. His term is effective from March 25, 2026, for five consecutive years, and h...
Nibe Limited Defends Suryastra Programme, Rebuts Defence Article Allegations
Jun 16, 2026
Nibe Limited has issued a strong rebuttal to a recent Bharat Shakti article that labelled its Suryastra 300 km Universal Rocket Launching System as mere “Screwdriver giri” and questioned the integrity of the Indian Army’s fast-tr...
Nibe Publishes Audited FY26 Results in Financial Dailies
May 31, 2026
Nibe Limited has announced that its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 have been published in leading newspapers. The results were carried in the English daily Financial Express and ...
NIBE Group opens advanced Shirdi defence complex, unveils 300 km rocket system
May 24, 2026
NIBE Group has inaugurated a state-of-the-art Defence Manufacturing Complex in Shirdi, Maharashtra, marking a significant step in India’s push for indigenous defence production. The event, attended by India’s Defence Minister and Mahar...
Nibe Limited CFO Jigar Shah Resigns Effective April 11, 2026
Apr 11, 2026
Nibe Limited has announced that its Chief Financial Officer and Key Managerial Personnel, Jigar Shah, has resigned from his position, effective at the close of business on 11 April 2026. The company has notified both BSE and NSE of this leadership...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.