NIBE Secures Rs 41 Cr Orders, Stock Surges 1.25%

NIBE announced securing new orders valued at over Rs 41 crore, triggering a 1.25% uptick in its stock on the BSE. The shares are currently trading at Rs 1345.45, marking a gain of 16.65 points from their previous close of Rs 1328.80.

The scrip opened at Rs 1340.05 and recorded an intraday high of Rs 1350.55 and a low of Rs 1332.85. So far, 468 shares were traded on the counter, contributing to the current market capitalization of Rs 1939.91 crore.

New Business Acquisitions

NIBE has received a significant purchase order from a leading Infra and Defence Company provider. This contract, valued at Rs 29.07 crore inclusive of all taxes and duties, is for the manufacturing and supply of gun stands.

Additionally, an arm of NIBE secured a Letter of Appreciation (LoA) from MSEDCL, amounting to Rs 12.58 crore. These two new contracts collectively bolster NIBE’s total order book beyond the Rs 41 crore mark.

Execution Timelines and Core Business

The gun stand order is scheduled for phased execution and delivery by June 2027. The MSEDCL LoA will also be executed and delivered in tranches over a period of 42 months.

NIBE specializes in the fabrication and machining of components, primarily serving the Defence Sector. This focused expertise underpins its recent contract successes and market position.

Shareholding and Historical Price Action

• Promoters Holding: 53.74%
• Institutional Holding: 8.41%
• Non-Institutional Holding: 37.85%
• 52-Week High: Rs 2000.55 (11-Jun-2025)
• 52-Week Low: Rs 753.05 (19-Mar-2025)
• Last One Week High: Rs 1499.95
• Last One Week Low: Rs 1312.55