NIBE Ltd Share Price – NSE  / BSE

Aerospace & Defence, Small Cap

NIBE Group marked a defining milestone in India's indigenous defence manufacturing journey with the inauguration of its state-of-the-art Defence Manufacturing Complex in Shirdi, Maharashtra.

The integrated Defence Manufacturing Complex has been envisioned as a next-generation ecosystem dedicated to:

? 155mm Ammunition Shell Manufacturing Plant (5 lakh shells annually)
? Inauguration of Indigenous TNT Plant Technology
? Inauguration Indigenous RDX Plant Technology
? Inauguration Bio-CNG & Hydrogen Fuel Plant
? Flag-off ceremony of Suryastra ? 300 KM Universal Rocket Launching System
? Space & Satellite Technologies

One of the most significant highlights of the ceremony was the unveiling and ceremonial flag-off of ?Suryastra?, India's first indigenous 300 KM Universal Rocket Launching System, symbolizing 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 NIBE Group's expanding technological footprint in next generation warfare systems.

NIBE will hold a meeting of the Board of Directors of the Company on 29 May 2026.

The stock had already rallied 10.06% in the previous session following the announcement.

NIBE shares have surged 34.74% over the past month, although the stock remains down 4.05% over the last one year.

The company said the Vayu Astra-1 successfully completed technical trials against the Indian Army?s request for proposal at Pokhran in Rajasthan and Joshimath (Malari) in Uttarakhand, demonstrating a strike range of 100 km.

During anti-personnel strike trials, the loitering munition carrying a 10 kg warhead hit a target 100 km away in a single attempt with a circular error probable (CEP) of less than one metre. The system also demonstrated abort, attack and re-attack capabilities.

NIBE also conducted anti-armor night strike trials using an infrared camera. The system hit the target within a 2-metre CEP in a single attempt. The company said it also demonstrated the capability to transfer operational control from the ground control station to a forward control station located 70 km away.

In endurance trials conducted at Joshimath, the Vayu Astra-1 achieved flight endurance of over 90 minutes at altitudes exceeding 14,000 feet. The loitering munition was also safely recovered after mission completion for reuse in subsequent flights.

NIBE is engaged in the development, manufacturing and integration of defence systems, with a focus on indigenous defence technologies and exports.

On a consolidated basis, NIBE reported net loss of Rs 17.06 crore in Q3 December 2025 as against net profit of Rs 2.07 crore in Q3 December 2024. Net sales declined 60.26% YoY to Rs 59.08 crore in Q3 December 2025.

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Nibe Space, a subsidiary of NIBE has received letter of award amounting to Rs. 12.58 crore (inclusive of all taxes and duties) from Maharashtra State Electricity Distribution Co. (MSEDCL), a Government of Maharashtra undertaking for the execution of the project titled GIS Survey, mapping & data preparation of MSEDCL's Distribution Network.