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Swing Capital

Uravi Defence & Technology Ltd

NSE: URAVIDEF BSE: 543930

Incorporated in 2004, Uravi T & Wedge Lamps Ltd manufactures automotive component for OEM and aftermarket sectors. Under the brand name "UVAL," the company offers a range of automotive lighting products, including stoplights, taillights, indicators, and wedge base lamps. [1]

₹125
52W: ₹107 — ₹588
PE 81.9 · Book ₹44.3 · +182% vs book
Market Cap₹143 Cr
Stock P/E81.9Price to Earnings
ROCE7.52%Return on Capital
ROE4.97%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Promoter holding has increased by 3.85% over last quarter.

Weaknesses

  • −Stock is trading at 2.85 times its book value
  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of 2.73% over past five years.
  • −Company has a low return on equity of 6.03% over last 3 years.
  • −Promoter holding has decreased over last 3 years: -14.7%

Shareholding Pattern

Promoters58.04%
FIIs6.73%
DIIs0%
Public35.21%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters72.73%72.73%72.73%70.93%▼1.870.3%▼0.658.39%▼11.954.19%▼4.258.04%▲3.9
FIIs3.61%3.61%4.03%▲0.44.82%▲0.86.47%▲1.68.24%▲1.87.93%▼0.36.73%▼1.2
DIIs0%0%0%0%0%0%0%0%
Public23.66%23.66%23.26%▼0.424.26%▲1.023.23%▼1.033.38%▲10.237.88%▲4.535.21%▼2.7

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales10.6211.5311.0811.0911.1210.029.118.3610.210.2
Expenses8.889.979.419.499.629.087.547.249.169.5
Operating Profit1.741.561.671.61.50.941.571.121.040.7
OPM %16.38%13.53%15.07%14.43%13.49%9.38%17.23%13.4%10.2%6.86%
Net Profit0.580.380.550.450.30.280.640.370.40.33
EPS ₹0.530.350.50.410.270.250.570.330.350.29

AI Insights

Revenue Trend

TTM revenue at ₹37.87Cr, down 8.4% YoY. OPM at 11.7%.

Debt Position

Borrowings at ₹25.24Cr. Debt-to-equity ratio: 0.64x. Moderate leverage.

Capex Cycle

CWIP at ₹2.78Cr (20% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 6.73% (+6.73pp change). Promoters hold 58.04%.

Margin & Efficiency

ROCE improving from 0% (Mar 2011) to 7.52% (Mar 2025). Working capital days: 100.01.

Valuation

PE 81.9x with 7.52% ROCE. Price is 182% above book value of ₹44.3. Dividend yield: 0%.

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