NIBE Limited shares hit a 5% upper circuit after securing a $17.52 million export order from an Israeli firm for Universal Rocket Launchers, marking a major step in India’s defence manufacturing and boosting the “Make in India” initiative.
Share price of NIBE Limited locked in the 5% upper circuit on Monday at ₹1,599.70 per share as the company received an export order. In the last 3 months, the stock has jumped over 52%, while it is down by 3.36% from its listing price.
NIBE Limited, a prominent Indian manufacturer of critical defence systems, announced on May 24, 2025, that it has secured a significant export Purchase Order valued at $17.52 million, equivalent to approximately ₹150.62 crores. The order was placed by a globally renowned technology-based company in Israel.
This groundbreaking order entails the manufacturing and supply of Universal Rocket Launchers, boasting a range capability of up to 300 kilometres. NIBE Limited highlights that this advanced technology is being produced in India for the first time for the global market. The company views this as a landmark achievement for NIBE Limited and a proud milestone for India's defence manufacturing sector.
NIBE Limited reaffirmed its commitment to the Honourable Prime Minister's vision of "Atmanirbhar Bharat" and "Make in India," emphasising that this contract brings world-class defence technology to Indian soil. The Universal Rocket Launcher is described as being among the most advanced in its class, designed to outperform currently available global alternatives.
For the quarter ended December 2024, NIBE reported consolidated net profit of ₹1.94 crore on a total income of ₹148.68 crore. For the fiscal year 2024, the total revenue was ₹285.42 crore, and the net profit was ₹18.52 crore.
On May 27, 2025, the company will announce its Q4FY25 and FY25 financial results.
Incorporated in 2005. NIBE Ltd is in the business of manufacturing critical components for Defence, E-Vehicles and Software Development. The company is engaged in the business of Fabrication and Machining of components used in the Defence Sector, as well as the assembly of components of EVs. It also offers strategic products and related research advancements in the E-Vehicles division and the BVM R&D Foundation.
Disclaimer: The article is for informational purposes only and not investment advice.
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