Uravi Defence & Technology Ltd
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]
- Market Cap ₹ 134 Cr.
- Current Price ₹ 118
- High / Low ₹ 555 / 107
- Stock P/E 102
- Book Value ₹ 44.8
- Dividend Yield 0.00 %
- ROCE 4.13 %
- ROE 2.71 %
- Face Value ₹ 10.0
Pros
- Promoter holding has increased by 3.85% over last quarter.
Cons
- Stock is trading at 2.63 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 6.80% over past five years.
- Company has a low return on equity of 5.01% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.1.87 Cr.
- Promoter holding has decreased over last 3 years: -14.7%
* 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 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16.11 | 29.44 | 28.94 | 33.82 | 35.22 | 36.14 | 27.80 | 31.34 | 33.90 | 41.99 | 41.35 | 38.62 | |
| 12.89 | 24.56 | 24.32 | 27.29 | 28.24 | 30.73 | 25.49 | 26.23 | 29.03 | 35.43 | 35.63 | 35.56 | |
| Operating Profit | 3.22 | 4.88 | 4.62 | 6.53 | 6.98 | 5.41 | 2.31 | 5.11 | 4.87 | 6.56 | 5.72 | 3.06 |
| OPM % | 19.99% | 16.58% | 15.96% | 19.31% | 19.82% | 14.97% | 8.31% | 16.31% | 14.37% | 15.62% | 13.83% | 7.92% |
| 0.00 | 0.15 | 0.15 | 0.13 | 0.27 | 0.34 | 0.60 | 0.28 | 0.71 | 0.66 | 0.89 | 1.87 | |
| Interest | 1.68 | 2.07 | 1.75 | 1.66 | 1.55 | 1.89 | 1.87 | 2.18 | 2.11 | 2.36 | 2.01 | 1.24 |
| Depreciation | 0.47 | 1.40 | 1.43 | 1.46 | 1.65 | 1.87 | 2.35 | 2.09 | 2.19 | 2.06 | 2.03 | 1.90 |
| Profit before tax | 1.07 | 1.56 | 1.59 | 3.54 | 4.05 | 1.99 | -1.31 | 1.12 | 1.28 | 2.80 | 2.57 | 1.79 |
| Tax % | 32.71% | 39.74% | 33.96% | 22.03% | 29.14% | 18.59% | -24.43% | 33.93% | 32.03% | 15.71% | 29.96% | 26.26% |
| 0.72 | 0.94 | 1.05 | 2.76 | 2.87 | 1.62 | -0.99 | 0.73 | 0.87 | 2.37 | 1.79 | 1.32 | |
| EPS in Rs | 0.72 | 0.94 | 1.05 | 2.51 | 2.61 | 1.47 | -0.90 | 0.66 | 0.79 | 2.15 | 1.59 | 1.16 |
| 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: | 3% |
| 5 Years: | 7% |
| 3 Years: | 4% |
| TTM: | -7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 27% |
| 3 Years: | 14% |
| TTM: | -26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | -11% |
| 1 Year: | -76% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 5% |
| 3 Years: | 5% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.00 | 5.00 | 5.00 | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 | 11.00 | 11.00 | 11.26 | 11.40 |
| Reserves | 1.57 | 4.73 | 5.78 | 12.84 | 15.71 | 17.34 | 16.39 | 17.13 | 12.43 | 14.75 | 35.03 | 39.69 |
| 12.62 | 16.67 | 14.55 | 13.67 | 16.66 | 20.41 | 22.91 | 22.90 | 22.85 | 24.19 | 25.51 | 24.00 | |
| 1.86 | 6.73 | 4.00 | 4.44 | 4.33 | 4.15 | 3.01 | 3.72 | 5.27 | 5.89 | 4.61 | 3.47 | |
| Total Liabilities | 21.05 | 33.13 | 29.33 | 36.45 | 42.20 | 47.40 | 47.81 | 49.25 | 51.55 | 55.83 | 76.41 | 78.56 |
| 10.80 | 14.78 | 14.27 | 13.47 | 16.63 | 16.78 | 15.62 | 15.49 | 14.93 | 15.03 | 14.12 | 13.10 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.23 | 0.00 | 2.95 | 2.54 | 2.71 | 2.88 |
| Investments | 0.00 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.67 | 0.92 | 0.01 | 0.07 | 11.44 | 0.31 |
| 10.25 | 18.29 | 15.00 | 22.92 | 25.51 | 30.51 | 31.29 | 32.84 | 33.66 | 38.19 | 48.14 | 62.27 | |
| Total Assets | 21.05 | 33.13 | 29.33 | 36.45 | 42.20 | 47.40 | 47.81 | 49.25 | 51.55 | 55.83 | 76.41 | 78.56 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3.07 | 2.21 | -0.95 | -1.12 | 0.97 | 3.08 | 4.73 | 0.63 | -1.70 | 2.99 | |||
| -0.92 | -0.67 | -4.81 | -2.07 | -2.22 | -1.23 | -2.39 | 0.00 | -13.81 | -4.95 | |||
| -2.12 | 3.93 | 2.71 | 3.48 | 0.52 | -2.10 | -2.36 | -0.53 | 17.96 | 0.04 | |||
| Net Cash Flow | 0.03 | 5.47 | -3.04 | 0.28 | -0.73 | -0.25 | -0.02 | 0.10 | 2.45 | -1.93 | ||
| Free Cash Flow | 2.15 | 1.54 | -5.76 | -3.19 | 0.03 | 1.31 | 1.85 | -1.82 | -2.71 | 2.11 | ||
| CFO/OP | 66% | 34% | -14% | -21% | 54% | 64% | 98% | 26% | -19% | 120% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 123.48 | 115.92 | 102.79 | 101.13 | 108.51 | 131.70 | 160.97 | 142.79 | 119.84 | 118.57 | 112.46 | 122.96 |
| Inventory Days | 182.90 | 152.26 | 159.35 | 228.96 | 233.80 | 286.16 | 358.76 | 366.65 | 339.45 | 422.56 | 391.30 | |
| Days Payable | 112.35 | 57.75 | 60.91 | 28.74 | 32.53 | 37.52 | 44.98 | 76.63 | 70.13 | 42.53 | 26.64 | |
| Cash Conversion Cycle | 123.48 | 186.47 | 197.31 | 199.56 | 308.72 | 332.97 | 409.60 | 456.57 | 409.86 | 387.89 | 492.49 | 487.61 |
| Working Capital Days | 184.88 | -24.67 | -31.15 | -0.54 | 55.13 | 56.56 | 81.93 | 97.48 | 94.10 | 71.19 | 100.01 | 137.70 |
| ROCE % | 18.03% | 12.91% | 18.14% | 16.03% | 9.57% | 1.27% | 8.37% | 7.41% | 10.73% | 7.52% | 4.13% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Total Permanent Employees Number |
|
|||||
| Revenue Share - OEM Segment % |
||||||
| Capacity Utilization - Unit I (Bhiwandi) % |
||||||
| Capacity Utilization - Unit II (Kathua) % |
||||||
| Total Lamps Dispatched Crore Units |
||||||
| Capacity Utilization - Unit III (Kathua) % |
||||||
| Consolidated Installed Capacity Million Units/year |
||||||
| Number of Dealers Across India Number |
||||||
| Number of Products in Portfolio Number |
||||||
| Order Book - SKL India (Defence) ₹ Crore |
||||||
| SKL India - Diesel Engines & Gensets Supplied (Cumulative) Number |
||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Newspaper Advertisement for Audited Financial Results for the quarter and year ended March 31, 2026
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Annual Secretarial Compliance Report for FY ended March 31, 2026 filed.
-
Audited Financial Results For The Quarter And Year Ended 31St March2026
28 May - FY26 audited results approved; standalone unmodified, consolidated modified opinion; SKL India sale completed and subsidiary ceased.
-
Board Meeting Outcome for Outcome Of Board Meeting Dated 28Th May2026
28 May - FY26 audited results approved; consolidated audit modified; SKL India sale completed, ceasing subsidiary from Mar 18, 2026.
-
Board Meeting Intimation for Intimation Of The Board Meeting Under Regulation 29 Of SEBI (LODR) Regulations, 2015
25 May - Board meeting on May 28, 2026 to approve audited FY26 standalone and consolidated results.
Annual reports
Concalls
-
Jun 2025TranscriptAI SummaryPPT
-
Nov 2024Transcript PPT
-
Sep 2024TranscriptAI SummaryPPT
-
Jun 2024TranscriptPPT
-
Feb 2024TranscriptPPT
-
Nov 2023TranscriptPPT
-
Oct 2023TranscriptAI SummaryPPT
Business Overview:[1][2]
The company, an ISO/TS certified manufacturer with product approvals from the Automotive Research Association of India and E-mark, specializes in Stop & Tail, Signal/Indicator lamps, and Wedge lamps for two-wheelers, four-wheelers, tractors, and industrial applications. Operating under the UVAL brand, it provides customized lighting solutions to both OEMs and the aftermarket segment.