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 ₹ 378 Cr.
- Current Price ₹ 62.8
- High / Low ₹ 163 / 42.9
- Stock P/E 94.8
- Book Value ₹ 29.8
- Dividend Yield 0.00 %
- ROCE 7.14 %
- ROE 7.14 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Debtor days have improved from 4,030 to 129 days.
Cons
- Promoter holding is low: 24.6%
- Contingent liabilities of Rs.255 Cr.
- Earnings include an other income of Rs.4.55 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 | 12.12 | |
| 98.61 | 5.18 | 5.76 | 5.09 | 17.75 | 2.58 | 1.90 | 1.32 | 0.46 | 205.14 | 0.58 | 13.04 | 12.45 | |
| 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 | -0.33 |
| 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% | -2.72% | |
| 19.22 | -6.68 | 0.07 | 0.08 | 0.08 | -3.44 | 0.19 | 0.03 | 0.13 | 237.40 | -0.08 | 4.04 | 4.55 | |
| 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 | 0.23 |
| 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 | 3.99 |
| 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 | 3.98 | |
| 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 | 1.88 |
| 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: | 65% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 18% |
| 3 Years: | 32% |
| TTM: | 130% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 101% |
| 3 Years: | 127% |
| 1 Year: | 7% |
| 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 |
| Free Cash Flow | 49.46 | 2.72 | -0.11 | 13.37 | -5.19 | 24.95 | 0.52 | 0.10 | 3.63 | -67.63 | -2.23 | 0.17 |
| CFO/OP | -455% | -68% | 2% | -375% | 30% | -3,067% | -212% | -17% | 543% | 33% | 386% | 43% |
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% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Employee Benefit Expenses INR Lakhs |
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| Number of Permanent Employees Count |
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| R&D Revenue Expenditure INR Lakhs |
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Extracted by Screener AI
Documents
Announcements
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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.
15 May - NSE granted listing approval for 2.575 crore equity shares from warrant conversion at Rs.16 each.
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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.
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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.
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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.
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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.
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
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Financial Year 2010
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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