Multicrore Defence Contract Alert: Rs 6.12 Crore International Order Secured for Manufacturing Guided Rocket Parts by Pune-based Company

Multicrore Defence Contract Alert Rs 6.12 Crore International Order Secured for Manufacturing Guided Rocket Parts by Pune-based Company

Defence Sector Order News – August 2025

On August 2, 2025, Nibe Limited announced receipt of a significant purchase order from Elbit Systems Land Ltd, a global defence technology leader based in Israel. The contract involves the manufacturing and supply of parts for the GATR 70mm Guided Rocket with a range of 10 km.

The total contract value stands at USD 700,000, approximately Rs 6.12 crore. This international order is expected to be executed by September 2026, highlighting Nibe Limited’s growing footprint in the defence manufacturing sector. The company stated that the promoter group holds no interest in the contracting entity, and the deal does not involve any related party transactions.

Also Read: Industrial Gases & Fuels Sector Multibagger Stock Bags Rs 50 Crore Domestic Contract From NTPC for Transportation and Unloading Services.

Key Fundamentals and Technical Snapshot

Nibe Limited’s market capitalization stands at Rs 2,318 crore with the current share price at Rs 1,621. It has a 52-week high/low of Rs 2,220 and Rs 753 respectively. The stock trades at a price-to-earnings ratio of 86.7, with book value at Rs 162 and price to book value near 9.99. The company’s return on capital employed and return on equity are healthy at 16.2% and 13.6% respectively. Nibe offers a modest dividend yield of 0.06% and has delivered an impressive 135% return over the last three years.

From a technical perspective, the relative strength index (RSI) of Nibe Limited is recorded at 44.48 on the daily time frame, indicating a neutral momentum at this point.

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