Kavveri Defence & Wireless Technologies Ltd
NSE: KAVDEFENCE BSE: 590041Telecom
Incorporated in 1996, Kavveri Defence & Wireless Technologies Ltd is engaged in the design and development, and manufacture of RF products and Antennas[1]
₹60.6
52W: ₹42.9 — ₹163
PE 91.5 · Book ₹29.8 · +103% vs bookMarket Cap₹364 Cr
Stock P/E91.5Price to Earnings
ROCE7.14%Return on Capital
ROE7.14%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company is almost debt free.
- +Debtor days have improved from 4,030 to 129 days.
Weaknesses
- −Promoter holding is low: 24.6%
- −Contingent liabilities of Rs.255 Cr.
- −Earnings include an other income of Rs.4.55 Cr.
Shareholding Pattern
Promoters24.56%
FIIs2.04%
DIIs0.01%
Public73.39%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 15.14% | 15.14% | 15.14% | 15.14% | 15.41%▲0.3 | 15.41% | 15.41% | 24.56%▲9.1 |
| FIIs | 13.01% | 13.01% | 13.01% | 13.01% | 7.61%▼5.4 | 4.7%▼2.9 | 4.73%▲0.0 | 2.04%▼2.7 |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.01%▼0.0 | 0.01% | 0.01% | 0.01% |
| Public | 71.83% | 71.84%▲0.0 | 71.84% | 71.84% | 76.96%▲5.1 | 79.88%▲2.9 | 79.85%▼0.0 | 73.39%▼6.5 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0.34 | 0 | 7.01 | 7.66 | 2.86 | 1.1 | 0.5 |
| Expenses | 0.06 | 0.05 | 0.36 | 0.29 | 0.19 | 4.77 | 8.03 | 1.9 | 1.29 | 1.23 |
| Operating Profit | -0.06 | -0.05 | -0.36 | 0.05 | -0.19 | 2.24 | -0.37 | 0.96 | -0.19 | -0.73 |
| OPM % | 0% | 0% | 0% | 14.71% | 0% | 31.95% | -4.83% | 33.57% | -17.27% | -146% |
| Net Profit | -0.05 | -0.1 | -0.54 | 0.01 | -0.2 | 2.21 | 3.52 | 0.93 | 0.28 | -0.75 |
| EPS ₹ | -0.02 | -0.05 | -0.27 | 0 | -0.1 | 1.1 | 1.75 | 0.27 | 0.08 | -0.22 |
AI Insights
Revenue Trend
TTM revenue at ₹12.12Cr, down 17.9% YoY. OPM at -2.72%.
Debt Position
Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.
Institutional Flow
DIIs: 0.01% (-4.90pp change). FIIs: 2.04% (-11.94pp change). Promoters hold 24.56%.
Margin & Efficiency
ROCE improving from 1.38% (Mar 2014) to 7.14% (Mar 2025). Working capital days: -9.88.
Valuation
PE 91.5x with 7.14% ROCE. Price is 103% above book value of ₹29.8. Dividend yield: 0%.
Recent Announcements
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Intimation Of In-Principle Approval Received For Listing Of 1,85,00,000 Equity Share And 72,50,000 Equity Shares Of Rs. 10/- Each Pursuant To Conversion Of Warrants Issued On Preferential Basis. 2d - NSE granted listing approval for 2.575 crore equity shares from warrant conversion at Rs.16 each.
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 29 Apr - Company confirms it is debt-free; Large Corporate disclosures not applicable for FY ended 31 March 2026.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Company confirms large corporate disclosure norms are not applicable for FY2026 as it is debt-free.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - Regulation 74(5) depository certificate submitted for quarter ended 31 March 2026.
- Closure of Trading Window 25 Mar - Trading window closed from 01-Apr-2026 until 48 hours after audited results for quarter/year ended 31-Mar-2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse