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An investor who had put Rs 1 lakh into Nibe Limited’s stock four years ago and held on to it would now see it valued at Rs 1 crore
According to the data available on BSE, Nibe Limited’s revenue in the April-June 2024 quarter was Rs 109.28 crore and net profit was Rs 7.86 crore. (Representative/PTI File)
Defence and aerospace company Nibe Limited’s share has made investors rich in just four years. Four years ago, its share price hovered around Rs 12. Now it is valued at Rs 1,844. This represents a huge profit of 15,300% for investors over the four years.
On Tuesday, the stock opened in the green on the National Stock Exchange, reaching an intraday high of Rs 1,844. At the time of filing this report, it was trading at Rs 1,785. The stock has delivered multibagger returns in the past year as well, with its price increasing by 210% in 12 months.
Nibe Limited, listed on the stock market since 2005, specialises in component fabrication and machining. The company offers services encompassing the design, supply, construction, and commissioning of low and medium voltage lines. Additionally, Nibe Limited manufactures essential components for software development, defence, and electric vehicles. The company currently holds a market capitalisation of Rs 2,400 crore.
On 9 November 2020, the share price of Nibe Limited stood at Rs 12.57. Currently, its value has surged to Rs 1,844. This remarkable performance translates to a return of over 14,600% for the stock within a span of four years.
If someone had invested Rs 10,000 in this stock four years ago and held it until now, their investment would be worth Rs 14 lakh.
Similarly, an investment of Rs 20,000 four years ago would now be worth Rs 29 lakh. A Rs 50,000 investment made four years ago would now be worth Rs 73 lakh. An investor who had invested Rs 1 lakh in this stock four years ago and retained their investment would now find it worth Rs 1 crore.
The promoters held a 53.08 per cent stake in the company as of the end of September 2024. Nibe Limited’s financial results for the July-September 2024 quarter and April-September 2024 half year will be released on November 13.
According to the data available on BSE, the company’s revenue in the April-June 2024 quarter was Rs 109.28 crore and net profit was Rs 7.86 crore. In the financial year 2023-24, its revenue clocked Rs 279 crore and it recorded a net profit of Rs 22 crore.
(Disclaimer: The information given here is based on the performance of the stock. Since investment in the stock market is subject to market risk, please consult a certified investment advisor before investing. News18 will not be responsible for any loss you incur.)
