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 ₹ 347 Cr.
- Current Price ₹ 57.6
- High / Low ₹ 163 / 41.1
- Stock P/E 74.7
- Book Value ₹ 25.7
- Dividend Yield 0.00 %
- ROCE 8.43 %
- ROE 9.58 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.5%
- Debtor days have improved from 476 to 167 days.
Cons
- Promoter holding is low: 15.4%
- Contingent liabilities of Rs.255 Cr.
- Earnings include an other income of Rs.5.16 Cr.
- Company has high debtors of 167 days.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 170.37 | 51.51 | 40.52 | 25.41 | 14.69 | 5.59 | 4.55 | 4.14 | 5.61 | 2.82 | 1.59 | 17.12 | 15.70 | |
| 177.38 | 38.79 | 35.11 | 24.39 | 27.03 | 6.61 | 5.08 | 5.85 | 6.72 | 209.15 | 2.72 | 15.05 | 15.92 | |
| Operating Profit | -7.01 | 12.72 | 5.41 | 1.02 | -12.34 | -1.02 | -0.53 | -1.71 | -1.11 | -206.33 | -1.13 | 2.07 | -0.22 |
| OPM % | -4.11% | 24.69% | 13.35% | 4.01% | -84.00% | -18.25% | -11.65% | -41.30% | -19.79% | -7,316.67% | -71.07% | 12.09% | -1.40% |
| 11.33 | -2.40 | 3.92 | 5.55 | 1.39 | -2.62 | 0.79 | 1.04 | 1.31 | 238.18 | 0.04 | 4.69 | 5.16 | |
| Interest | 24.48 | 27.23 | 24.91 | 19.68 | 19.50 | 13.03 | 13.48 | 13.49 | 13.59 | 0.14 | 0.04 | 0.04 | 0.05 |
| Depreciation | 14.89 | 19.74 | 19.55 | 18.32 | 16.50 | 3.94 | 3.12 | 2.71 | 2.08 | 0.21 | 0.21 | 0.32 | 0.23 |
| Profit before tax | -35.05 | -36.65 | -35.13 | -31.43 | -46.95 | -20.61 | -16.34 | -16.87 | -15.47 | 31.50 | -1.34 | 6.40 | 4.66 |
| Tax % | 7.67% | 3.19% | 0.37% | 0.29% | -36.68% | -103.74% | 8.14% | -2.55% | 16.94% | 0.03% | -0.75% | 0.00% | |
| -37.74 | -37.81 | -35.26 | -31.52 | -29.73 | 0.77 | -17.67 | -16.43 | -18.09 | 31.49 | -1.33 | 6.41 | 4.64 | |
| EPS in Rs | -18.75 | -18.79 | -17.52 | -15.66 | -14.77 | 0.38 | -8.78 | -8.16 | -8.99 | 15.65 | -0.66 | 3.19 | 2.11 |
| 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: | -10% |
| 5 Years: | 30% |
| 3 Years: | 45% |
| TTM: | 74% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 19% |
| 3 Years: | 33% |
| TTM: | 84% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 100% |
| 3 Years: | 109% |
| 1 Year: | 33% |
| Return on Equity | |
|---|---|
| 10 Years: | -24% |
| 5 Years: | 3% |
| 3 Years: | 27% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 151.22 | 92.60 | 58.30 | 32.94 | 3.21 | 17.58 | -4.25 | 8.58 | -7.75 | 32.13 | 26.91 | 66.71 | 53.99 |
| 192.87 | 237.49 | 277.80 | 295.01 | 267.14 | 230.15 | 235.31 | 206.82 | 209.73 | 0.03 | 0.00 | 18.93 | 5.97 | |
| 234.00 | 234.92 | 275.57 | 295.21 | 200.70 | 84.79 | 103.78 | 49.38 | 52.60 | 26.75 | 38.37 | 17.73 | 37.58 | |
| Total Liabilities | 598.21 | 585.13 | 631.79 | 643.28 | 491.17 | 352.64 | 354.96 | 284.90 | 274.70 | 79.03 | 85.40 | 123.49 | 131.91 |
| 230.87 | 236.52 | 217.71 | 199.71 | 181.79 | 26.06 | 22.95 | 7.30 | 5.25 | 1.93 | 1.72 | 1.99 | 2.29 | |
| CWIP | 16.37 | 0.53 | 0.57 | 0.57 | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0.00 | 0.00 | 0.03 | 0.00 |
| Investments | 6.08 | 6.08 | 6.08 | 6.08 | 6.08 | 0.00 | 0.00 | 0.00 | 0.00 | 20.81 | 21.44 | 21.39 | 15.85 |
| 344.89 | 342.00 | 407.43 | 436.92 | 302.76 | 326.04 | 331.47 | 277.06 | 268.91 | 56.29 | 62.24 | 100.08 | 113.77 | |
| Total Assets | 598.21 | 585.13 | 631.79 | 643.28 | 491.17 | 352.64 | 354.96 | 284.90 | 274.70 | 79.03 | 85.40 | 123.49 | 131.91 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 104.27 | -1.84 | -27.50 | 16.83 | 15.22 | -26.06 | 30.05 | -10.77 | 24.29 | -18.65 | -11.34 | 0.65 | |
| -1.74 | -10.86 | 3.04 | 0.32 | 1.57 | 0.62 | -21.33 | 18.71 | -6.00 | 42.68 | -4.95 | -21.16 | |
| -101.11 | 14.39 | 22.88 | -13.25 | -15.75 | 24.31 | -8.63 | -11.43 | -18.43 | -24.08 | 17.52 | 33.41 | |
| Net Cash Flow | 1.42 | 1.69 | -1.58 | 3.90 | 1.04 | -1.13 | 0.09 | -3.49 | -0.14 | -0.06 | 1.22 | 12.90 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 154.66 | 558.31 | 949.52 | 1,343.07 | 2,627.30 | 3,468.48 | 4,292.56 | 3,432.23 | 3,244.01 | 218.74 | 1,042.20 | 166.51 |
| Inventory Days | 248.33 | 4,106.01 | 2,509.13 | 5,760.72 | 13,846.04 | 13,885.13 | 19,046.83 | 9,301.87 | 7,074.63 | 358.48 | 564.43 | 133.04 |
| Days Payable | 393.06 | 5,907.44 | 4,636.67 | 9,806.38 | 14,524.42 | 6,136.92 | 8,482.39 | 2,109.60 | 1,837.25 | 2,292.11 | 1,983.04 | 263.94 |
| Cash Conversion Cycle | 9.92 | -1,243.12 | -1,178.02 | -2,702.59 | 1,948.92 | 11,216.69 | 14,857.00 | 10,624.50 | 8,481.39 | -1,714.89 | -376.41 | 35.60 |
| Working Capital Days | -81.93 | -710.23 | -951.32 | -1,811.93 | -2,963.23 | -3,855.03 | -7,656.98 | -4,942.49 | -5,106.75 | -40.12 | -2,658.30 | -83.15 |
| ROCE % | -2.69% | -0.42% | -2.89% | -4.17% | -8.59% | -1.46% | -1.10% | -1.39% | -0.82% | 24.98% | -2.11% | 8.43% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Employee Benefit Expenses INR Lakhs ・Standalone data |
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| Number of Permanent Employees Count ・Standalone data |
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| R&D Revenue Expenditure INR Lakhs ・Standalone data |
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Documents
Announcements
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
6 Mar - Allotment of 72,50,000 shares at Rs16; Rs8.70 crore received on March 6, 2026; paid-up capital increased.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On Today I.E. March 06,2026 And Disclosure Under Regulation 30 Of SEBI(LODR) Regulations,2015
6 Mar - Allotment of 72,50,000 shares at Rs16 on March 6, 2026; Rs8.70 crore received.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 6 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 6 Mar
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Board Meeting Outcome for Conversion Of Warrants Into Equity Share Capital Of The Company
5 Mar - Allotment of 1,85,00,000 equity shares at Rs16; Rs22.20 crore received; paid-up capital now Rs52.87 crore.
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