NIBE

₹1505 6.3 | 0.4%

WEBSITE BSE:535136 NSE : NIBE 18 May, 12:50

Market Cap ₹1976 Cr.

Stock P/E 249.4

P/B 11.5

Current Price ₹1505

Book Value ₹ 130.4

Face Value 10

52W High ₹1770.2

Dividend Yield 0.01%

52W Low ₹ 317

Edit Ratio

NIBE Research see more...

Overview Inc. Year: 2005Industry: Defence

NIBE Ltd is a global company that specializes in providing innovative and sustainable energy solutions for heating, cooling, and ventilation systems. With its headquarters in Sweden, NIBE Ltd operates in more than 50 countries worldwide, offering a wide range of products such as air source heat pumps, ground source heat pumps, solar panels, and ventilation systems. NIBE Ltd focuses on creating energy-efficient and eco-friendly solutions that reduce carbon footprint and energy costs for households and businesses. The company's products are designed to be easy to install, maintain, and operate, and they are built to last for many years. In addition to its core business, NIBE Ltd also places a strong emphasis on research and development, continuously working to improve its existing products and develop new ones. The company's mission is to help create a sustainable future by providing energy-efficient solutions that reduce the world's dependence on fossil fuels.

NIBE Share Price

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Peer Comparison

NIBE Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	10	17	15	63	26	41	63
Other Income	0	1	0	0	0	0	2
Total Income	10	18	15	63	26	42	65
Total Expenditure	9	13	12	58	23	35	56
Operating Profit	1	4	3	5	3	6	9
Interest	1	1	1	1	1	1	2
Depreciation	1	2	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	-3	0	0	0
Profit Before Tax	0	2	1	0	1	4	6
Provision for Tax	0	1	0	1	1	1	1
Profit After Tax	0	1	1	-1	1	3	4
Adjustments	0	0	-0	0	-0	0	-0
Profit After Adjustments	0	1	1	-0	1	3	4
Adjusted Earnings Per Share	0.1	1.1	0.7	-0.4	0.7	2.4	3.3

NIBE Profit & Loss

#(Fig in Cr.)	Mar 2023	TTM
Net Sales	105	193
Other Income	1	2
Total Income	106	196
Total Expenditure	93	172
Operating Profit	13	23
Interest	3	5
Depreciation	4	4
Exceptional Income / Expenses	-3	-3
Profit Before Tax	3	11
Provision for Tax	2	4
Profit After Tax	2	7
Adjustments	-0	0
Profit After Adjustments	2	8
Adjusted Earnings Per Share	1.3	6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	0%	0%	0%	0%
Operating Profit CAGR	0%	0%	0%	0%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	294%	251%	199%	59%
ROE Average	2%	2%	2%	2%
ROCE Average	6%	6%	6%	6%

NIBE Balance Sheet

#(Fig in Cr.)	Mar 2023
Shareholder's Funds	74
Minority's Interest	0
Borrowings	39
Other Non-Current Liabilities	7
Total Current Liabilities	32
Total Liabilities	153
Fixed Assets	35
Other Non-Current Assets	43
Total Current Assets	75
Total Assets	153

NIBE Cash Flow

#(Fig in Cr.)	Mar 2023
Opening Cash & Cash Equivalents	1
Cash Flow from Operating Activities	-31
Cash Flow from Investing Activities	-56
Cash Flow from Financing Activities	96
Net Cash Inflow / Outflow	9
Closing Cash & Cash Equivalent	10

NIBE Ratios

#	Mar 2023
Earnings Per Share (Rs)	1.32
CEPS(Rs)	4.31
DPS(Rs)	0.1
Book NAV/Share(Rs)	53.85
Core EBITDA Margin(%)	11.3
EBIT Margin(%)	6.29
Pre Tax Margin(%)	3.13
PAT Margin (%)	1.51
Cash Profit Margin (%)	4.86
ROA(%)	1.04
ROE(%)	2.49
ROCE(%)	5.82
Receivable days	123.12
Inventory Days	32.3
Payable days	20.27
PER(x)	275.85
Price/Book(x)	6.76
Dividend Yield(%)	0.03
EV/Net Sales(x)	4.34
EV/Core EBITDA(x)	34.99
Net Sales Growth(%)	0
EBIT Growth(%)	0
PAT Growth(%)	0
EPS Growth(%)	0
Debt/Equity(x)	0.62
Current Ratio(x)	2.32
Quick Ratio(x)	2.03
Interest Cover(x)	1.99
Total Debt/Mcap(x)	0.09

NIBE Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	62.85	62.85	62.85	62.97	62.97	55.32	55.32	55.32	49.96	49.96
FII	0	0	0	0	0	1.42	2.04	3.88	10.43	11.03
DII	0	0	0	0.91	0.99	1.63	1.23	0.87	0.78	0.78
Public	37.15	37.15	37.15	36.12	36.04	41.63	41.41	39.92	38.83	38.23
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.65	0.65	0.65	0.66	0.66	0.66	0.66	0.66	0.66	0.66
FII	0	0	0	0	0	0.02	0.02	0.05	0.14	0.14
DII	0	0	0	0.01	0.01	0.02	0.01	0.01	0.01	0.01
Public	0.39	0.39	0.39	0.38	0.38	0.49	0.49	0.47	0.51	0.5
Others	0	0	0	0	0	0	0	0	0	0
Total	1.04	1.04	1.04	1.04	1.04	1.19	1.19	1.19	1.31	1.31

Pros

Debtor days have improved from 20.27 to days.
Company has reduced debt.

Cons

Promoter holding is low: 49.96%.
Company has a low return on equity of 2% over the last 3 years.
Stock is trading at 11.5 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.