Kavveri Defence & Wireless Technologies Ltd
Incorporated in 1996, Kavveri Defence & Wireless Technologies Ltd is engaged in the design and development, and manufacture
of RF products and Antennas[1]
- Market Cap ₹ 286 Cr.
- Current Price ₹ 83.4
- High / Low ₹ 163 / 41.1
- Stock P/E 41.7
- Book Value ₹ 29.8
- Dividend Yield 0.00 %
- ROCE 7.14 %
- ROE 7.14 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 18.2% CAGR over last 5 years
- Debtor days have improved from 4,030 to 129 days.
Cons
- Stock is trading at 2.80 times its book value
- Promoter holding is low: 15.4%
- Contingent liabilities of Rs.255 Cr.
- Earnings include an other income of Rs.4.51 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 87.72 | 1.16 | 0.25 | 0.45 | 0.64 | 1.73 | 1.65 | 0.73 | 1.13 | 0.11 | 0.00 | 14.77 | 18.39 | |
| 98.61 | 5.18 | 5.76 | 5.09 | 17.75 | 2.58 | 1.90 | 1.32 | 0.46 | 205.14 | 0.58 | 13.04 | 15.75 | |
| Operating Profit | -10.89 | -4.02 | -5.51 | -4.64 | -17.11 | -0.85 | -0.25 | -0.59 | 0.67 | -205.03 | -0.58 | 1.73 | 2.64 |
| OPM % | -12.41% | -346.55% | -2,204.00% | -1,031.11% | -2,673.44% | -49.13% | -15.15% | -80.82% | 59.29% | -186,390.91% | 11.71% | 14.36% | |
| 19.22 | -6.68 | 0.07 | 0.08 | 0.08 | -3.44 | 0.19 | 0.03 | 0.13 | 237.40 | -0.08 | 4.04 | 4.51 | |
| Interest | 13.98 | 13.46 | 13.44 | 13.44 | 13.44 | 13.44 | 13.45 | 13.44 | 13.45 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 4.42 | 3.53 | 4.03 | 4.03 | 3.83 | 3.90 | 3.11 | 2.69 | 2.06 | 0.19 | 0.19 | 0.32 | 0.29 |
| Profit before tax | -10.07 | -27.69 | -22.91 | -22.03 | -34.30 | -21.63 | -16.62 | -16.69 | -14.71 | 32.18 | -0.85 | 5.45 | 6.86 |
| Tax % | -8.84% | -1.37% | -3.75% | -4.13% | -18.80% | -98.84% | 8.00% | -2.58% | 17.81% | 0.03% | -1.18% | 0.00% | |
| -9.18 | -27.31 | -22.05 | -21.12 | -27.84 | -0.25 | -17.94 | -16.26 | -17.33 | 32.17 | -0.85 | 5.45 | 6.85 | |
| EPS in Rs | -4.56 | -13.57 | -10.96 | -10.49 | -13.83 | -0.12 | -8.91 | -8.08 | -8.61 | 15.99 | -0.42 | 2.71 | 3.15 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 55% |
| 3 Years: | 136% |
| TTM: | 5309% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 18% |
| 3 Years: | 32% |
| TTM: | 1281% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | % |
| 3 Years: | 113% |
| 1 Year: | 80% |
| Return on Equity | |
|---|---|
| 10 Years: | -10% |
| 5 Years: | 2% |
| 3 Years: | 23% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 34.37 |
| Reserves | 157.87 | 130.30 | 108.25 | 87.13 | 59.28 | 59.03 | 41.09 | 24.18 | 6.86 | 37.58 | 36.73 | 75.59 | 68.12 |
| 84.33 | 134.43 | 147.83 | 102.33 | 84.53 | 167.02 | 180.45 | 191.21 | 204.45 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 134.74 | 112.24 | 120.69 | 172.18 | 105.29 | 43.34 | 43.66 | 46.39 | 48.69 | 11.78 | 9.54 | 7.35 | 16.96 | |
| Total Liabilities | 397.06 | 397.09 | 396.89 | 381.76 | 269.22 | 289.51 | 285.32 | 281.90 | 280.12 | 69.48 | 66.39 | 103.06 | 119.45 |
| 43.19 | 39.66 | 35.63 | 31.59 | 26.59 | 12.79 | 9.69 | 7.00 | 4.95 | 1.56 | 1.37 | 1.64 | 2.03 | |
| CWIP | 0.53 | 0.53 | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 61.68 | 53.83 | 53.83 | 53.83 | 0.00 | 53.83 | 53.83 | 53.83 | 53.83 | 28.34 | 28.34 | 28.34 | 28.34 |
| 291.66 | 303.07 | 306.89 | 295.80 | 242.09 | 222.35 | 221.26 | 220.53 | 220.80 | 39.58 | 36.68 | 73.08 | 89.08 | |
| Total Assets | 397.06 | 397.09 | 396.89 | 381.76 | 269.22 | 289.51 | 285.32 | 281.90 | 280.12 | 69.48 | 66.39 | 103.06 | 119.45 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 49.55 | 2.72 | -0.11 | 17.40 | -5.19 | 26.07 | 0.53 | 0.10 | 3.64 | -67.63 | -2.23 | 0.75 | |
| -6.25 | 1.13 | 0.06 | -3.96 | 36.49 | -4.61 | -0.24 | 0.19 | -3.56 | 66.62 | 3.42 | -22.42 | |
| -43.54 | -3.73 | -0.01 | -13.44 | -31.24 | -21.48 | -0.27 | -0.20 | -0.20 | 0.97 | 0.00 | 33.41 | |
| Net Cash Flow | -0.24 | 0.12 | -0.05 | 0.00 | 0.06 | -0.02 | 0.02 | 0.09 | -0.11 | -0.04 | 1.19 | 11.74 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 254.57 | 18,671.64 | 86,753.20 | 34,512.78 | 24,443.59 | 8,146.04 | 8,527.73 | 19,530.00 | 12,629.65 | 7,930.45 | 128.75 | |
| Inventory Days | 226.32 | 69,593.33 | 260,975.00 | 109,173.42 | 54,586.71 | 29,971.71 | 35,559.66 | 28,050.00 | 83.84 | |||
| Days Payable | 201.50 | 67,111.33 | 294,235.62 | 111,651.58 | 1,248.68 | 6,142.43 | 7,312.37 | 5,875.00 | 101.92 | |||
| Cash Conversion Cycle | 279.39 | 21,153.64 | 53,492.58 | 32,034.62 | 77,781.62 | 31,975.33 | 36,775.02 | 41,705.00 | 12,629.65 | 7,930.45 | 110.68 | |
| Working Capital Days | 271.05 | 16,166.98 | 48,267.60 | 8,581.56 | -36,283.28 | -18,412.46 | -22,364.55 | -57,840.00 | -42,562.88 | -28,370.45 | -9.88 | |
| ROCE % | 1.38% | -2.33% | -3.38% | -3.54% | -11.17% | -2.28% | -1.30% | -1.36% | -0.54% | 24.08% | -1.05% | 7.14% |
Documents
Announcements
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Kavveri Defence & Wireless Technologies Limited Has informed About General Updates.
1d - 04.12.2025: Kavveri shipped indigenous dual‑polarized high‑gain antenna for emergency drone procurement by Indian Armed Forces.
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Appointment of Company Secretary and Compliance Officer
29 Nov - Ms Renu Choudhary appointed Whole-Time Company Secretary and Compliance Officer, effective 29 November 2025.
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Board Meeting Outcome for Outcome Of Board Meeting
29 Nov - Appointed Ms. Renu Choudhary as Whole-Time Company Secretary and Compliance Officer effective 29 Nov 2025.
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Board Meeting Intimation for Kavveri Defence & Wireless Technologies Limited Has informed About Board Meeting To Be Held On 29-Nov-2025 To Consider Other Business.
27 Nov - Board meeting on 29-Nov-2025 to consider appointment of Company Secretary and Compliance Officer.
-
Board Meeting Outcome for Kavveri Defence & Wireless Technologies Limited Has Submitted To The Exchange The Financial Results For The Period Ended September 30 2025.
14 Nov - Qualified limited review for H1 Sep 30, 2025: unverified balances; subsidiaries excluded, insolvency.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
from nse
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Financial Year 2010
from bse
Business Overview:[1][2]
a) KDWTL provides advanced RF solutions, serving defense, aerospace, public safety, counter-drone systems, and fixed wireless access.
b) It designs and manufactures high-
performance antennas, filters, and
combiners tailored for mission-critical
operations across the globe.
c) It also provides total turnkey solutions
for coverage and capacity enhancement requirements for GSM and CDMA carriers
in India.
d) Company is a provider of intelligent
indoor coverage solutions for the mobile communications industry.
e) It provides repeater solutions seamlessly to bring the outdoor signal inside for medium and large sized enterprise facilities, ensuring that cell phones and mobile devices work reliably indoors