Current view Q4 2026
Makes defence gear - rocket-launcher structures and armour - plus e-vehicles. Big Army and Israel orders are the draw, but FY26 sales fell 13%, quarters swing wildly, and it burns cash while priced at 143 times earnings.
Latest exchange filings last 5 · 5 after Q4 2026
- 8 Sep ’26Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep ↗
- 7 Sep ’26Annual report FY2025-26 dispatched; AGM on September 29, 2026, with voting September 26-28. ↗
- 7 Sep ’26Reg. 34 (1) Annual Report. 7 Sep ↗
- 7 Sep ’26Nibe Ltd AGM on September 29, 2026; dividend Rs 1.30 per share and multiple approvals sought. ↗
- 5 Sep ’26Nibe Limited has informed regarding copies of Newspaper Publication towards the 21st Annual General Meeting of the Company ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +130.1% | +340.7% | +65.3% | +178.0% |
| Operating profit | ▲ +168.4% | +610.0% | +69.8% | +219.0% |
| EPS | ▲ +266.3% | +266.3% | +41.2% | +147.0% |
| PAT | ▲ +211.1% | +247.4% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +130.1%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Weak45/100
Cheap, and growing fast. Profit per share grew 41% a year, while the price-tag on its earnings actually got smaller. That gap — real growth nobody has paid up for — is exactly what this score looks for.
₹1,237 → ₹2,475 needs the P/E at 267× — it is 376× today, and has ranged 35× to 729× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 401× — it has traded there — high was 729×.
Target capped at 41× — its 102× five-year average came from near-zero earnings.
At ₹135 the price-tag on its earnings reaches the 41× it is being projected toward — the point where being cheap against that yardstick is used up.
De-rating while below every EMA — value-trap risk, not a coiled spring.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a small-cap at ₹1,879 cr, so the odds of a re-rate are not fighting its own size.
Why the target is capped at 41×. This company averaged 102× over five years, but a multiple that high comes from near-zero earnings rather than from what buyers chose to pay — projecting a return to it would price in the collapse, not the recovery. 41× is what a 41% grower supports.
Growth rate used: 41.2% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Defence · 6 of 33 listed
These are the industry's largest names rather than companies of its own size, so the columns are worth reading straight across — a ranking against them would only be restating the size gap.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| NIBE | ₹1,236 | — | ₹1,916 Cr | 4.8% | −680.5% | −23.6% |
| Hind.Aeronautics | ₹4,863 | 34.8× | ₹3.25 L Cr | 32.0% | +14.9% | +14.4% |
| Bharat Electron | ₹398 | 47.4× | ₹2.91 L Cr | 36.4% | +8.7% | +24.9% |
| Bharat Dynamics | ₹1,176 | 82.8× | ₹43,099 Cr | 13.9% | +547.4% | +130.8% |
| Garden Reach Sh. | ₹2,390 | 34.2× | ₹27,377 Cr | 42.8% | +43.8% | +38.5% |
| Data Pattern | ₹4,550 | 94.3× | ₹25,473 Cr | 21.9% | −13.5% | +16.8% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jul 2026
| Are the margins widening? | no — margins have been squeezed | operating margin 12% → -15% over 3 years |
|---|---|---|
| Did the profit turn into cash? | very little of it arrived as cash | -45% last year, 23% over three · free cash flow −₹120 cr, positive in 0 of 4 years |
| Is the growth borrowed? | lightly borrowed | ₹120 cr — 0.34× its own equity (was 0.33×) |
| Is it being collected? | customers are taking longer to pay | 178 days to collect, up 69 in a year · cash cycle 92 days |
| Who has been buying? | the promoters have been selling | promoters 51.5% (−3.5 in a year), 50.0% → 51.5% over 2.6 years · FIIs 11.5% (+6.7) · DIIs 0.6% (−0.1) · shareholders 7,276 → 44,534 |
| What does it earn on its capital? | earns little on its capital | ROCE 4.8% · ROE 1.9% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company is expected to give good quarter
Against it
- Stock is trading at 5.33 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.93%
- Company has a low return on equity of 8.12% over last 3 years.
- Company has high debtors of 178 days.
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.