NIBE

NIBE.BO

Manufacturing - Textiles · Industrials

Exchange

Bombay Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

Dividends

Weak

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Winston Score History

The full picture

NIBE Ltd. is an Indian textile manufacturer that produces fabrics, yarns, and finished textile products. Its customers include domestic retailers, garment makers, and export buyers across apparel and home textile markets. The company operates within India's large and competitive textile industry, which benefits from relatively low labor costs and strong government support for exports.

NIBE generates revenue primarily through the sale of manufactured textile goods, with income tied closely to production volumes and raw material prices like cotton and synthetic fibers. The company operates mainly in India and sells into both domestic and international markets, though its thin operating margin of around 3% and very low return on invested capital suggest limited pricing power and intense competition. The key risk facing NIBE is continued pressure on margins from volatile raw material costs and competition from other low-cost textile producers in countries like Bangladesh and Vietnam.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+130.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+273.5% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

61.6%ownership

Insiders own a meaningful stake in the company

Cash Runway

~19 months

₹638M cash & investments

Adequate runway but may need to raise capital within 2 years

Revenue accelerating

NIBE grew revenue 130% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

-1.4%

Thin — -1.4% gross margin

Profit after running costs

Operating Margin

-22.0%

Losing money on operations — -22.0%

Return on the money invested

ROCE

-0.2%

Weak — -0.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-5.2%

Shrinking sales (-5.2% YoY)

Profit growth

EPS YoY

-141.2%

Earnings shrinking (-141.2% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

1/4 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-2.2%

Burning cash (-2.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.31

Conservative — low debt load (0.31)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

0.09%

no trend

Small dividend — 0.09% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

N/A

no trend

Data not available

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