Corporate Development     

Published: May 31, 2026
Updated: May 31, 2026

Nibe

Shirdi unit for defence products goes live: Making a mark in next-gen military items

The NIBE group is an emerging defence manufacturing and technology enterprise focused on indigenous development of advanced defence systems, ammunition technologies, aerospace solutions, energetic materials and strategic manufacturing infrastructure. All these areas are aligned with India's self-reliance and national security objectives.

The group recently inaugurated its state-of-the-art defence manufacturing complex spread over nearly 200 acres in Shirdi, Maharashtra, in the presence of Union Defence Minister Rajnath Singh and Maharashtra Chief Minister Devendra Fadnavis.

The integrated complex has been envisioned as a next-generation ecosystem for advanced artillery systems, missile technologies, ammunition manufacturing, rocket systems, energetic materials, autonomous defence platforms and space technologies. The product varieties and technologies being covered include a 155 mm ammunition shell manufacturing plant with an annual capacity of 5 lakh shells, indigenous TNT and RDX plant technology, a bio-CNG and hydrogen fuel plant, the ‘Suryastra’ 300 km universal rocket launching system, and space & satellite technologies.

ROCKET LAUNCHER

Among the highlights at the inauguration was the unveiling and ceremonial flag-off of ‘Suryastra’, India's first indigenous 300 km universal rocket launching system, symbolising a major leap in long-range precision strike capabilities and advanced battlefield systems. The event also highlighted the successful trials of the 100 km loitering munition ‘Skystriker’, further demonstrating the group's expanding technological footprint in next-gen warfare systems.

The Union Defence Minister praised the group's contribution to ‘Make in India’. Addressing the gathering, he said, “I am delighted to witness the scale at which the NIBE group has built its expertise in defence equipment development and manufacturing in support of the national objective of ‘Make in India, Make for the World’. This scale and capability will propel India into a completely new era of next-generation defence weapons manufacturing.” He further congratulated the leadership of the group for contributing meaningfully towards India's strategic self-reliance in defence manufacturing and towards Maharashtra emerging as a major defence corridor.

Speaking on the occasion, Ganesh Nibe, group founder and CMD, reiterated the company's long-term commitment to strengthening India's strategic manufacturing ecosystem. He said, “We remain deeply committed to supporting the national vision of ‘Atmanirbhar Bharat’ by building world-class indigenous capabilities, reducing import dependency in critical defence sectors, and positioning India as a global defence manufacturing hub.”

ARMS LICENCE

In the latest development, the company has been granted a licence for manufacturing and proof-testing of firearms/ammunition at one of its subsidiaries, NIBE Defence and Aerospace Ltd. This enhances the company's capabilities across the defence manufacturing value chain and precision-engineered systems for arms of a calibre above 12.7 mm.

For the full financial year ended March 2026, on a consolidated basis the company has earned revenue from operations of Rs 474.45 crore (PY Rs 507.32 crore), PBT of Rs 3.93 crore (PY Rs 39.60 crore) and PAT of Rs 6.41 lakh (PY Rs. 27.44 crore). It has declared a dividend of 13% for FY 26. The long-term and short-term borrowings are at Rs 53.96 crore and Rs 53.25 crore, along with capital work-in-progress of Rs 62.40 crore. As per March 2026 data, the promoter group holds a 53.39% equity stake in the company. The remaining 46.61% is spread among 42,282 public shareholders.

Recently, eminent global fund PCC-Eubilia Capital Partners Fund I were allotted 3,20,000 equity shares of NIBE Ltd, a listed arm of the group, against conversion of 3,20,000 warrants out of 5,60,500 warrants allotted at an issue price of Rs 1,258 each. Pursuant to this conversion, the paid-up share capital of the company increased to Rs 15,26,12,730 (Rs 10 face value).

STOCK SCENE

Currently, the NIBE Ltd stock is being quoted at Rs 1,435 with a yearly high-low of Rs 2001-Rs 810 and a consolidated book value of Rs 233.18. Its market capitalisation is Rs 2,190 crore. The company has ambitious business plans in the lucrative defence and aerospace verticals, wherein the government too is encouraging Indian companies with a plethora of indigenisation-linked incentives.