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 ₹ 228 Cr.
- Current Price ₹ 66.4
- High / Low ₹ 163 / 41.1
- Stock P/E 49.2
- 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
- Stock is trading at 2.58 times its book value
- 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: | 14% |
| 5 Years: | % |
| 3 Years: | 124% |
| 1 Year: | 37% |
| 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% |
Documents
Announcements
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Change In Email Id Of The Company.
20 Feb - Company email updated from companysecretary@kaveritelecoms.com to cs@kavveridefence.com on Feb 20, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Newspaper Advertisements of the Un-audited Financial results for the Quarter ended and Nine Months ended on December 31, 2025
-
Appointment of Company Secretary and Compliance Officer
14 Feb - Appointed Ms. Vijayalaxmi S. Salimath as Company Secretary and Compliance Officer effective Feb 16, 2026.
-
Announcement under Regulation 30 (LODR)-Cessation
14 Feb - Ms. Renu Choudhary resigned as Company Secretary & Compliance Officer effective February 14, 2026.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On Saturday, February 14, 2026 Under Regulation 30 Of SEBI LODR
14 Feb - Q3 results reviewed with qualified audit; CS resigned Feb14, new CS from Feb16; related-party rent Rs6L/month (Rs72L p.a.).
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