Kavveri Defence & Wireless Technologies
KAVDEFENCE NSE
Kavveri Defence & Wireless Technologies
TelecomNSE: KAVDEFENCE BSE: 590041 Equipment & Accessories
Key Fundamentals
MicrocapEquipment & AccessoriesTelecomMarket Cap
₹430 Cr
Volatility
High Risk
P/E Ratio
-419.7
EBITDA
₹-1.39 Cr
Return on Equity
7.38%
Debt to Equity
0.04
Book Value
₹18.58
52W High
₹162.87
52W Low
₹51.51
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has reduced debt.
- Company is almost debt free.
Weaknesses
8- Stock is trading at 3.73 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding is low: 24.6%
- Company has a low return on equity of 3.04% over last 3 years.
- Contingent liabilities of Rs.255 Cr.
- Company has high debtors of 317 days.
- Working capital days have increased from -177 days to 2,212 days
Growth Rate
Revenue Growth
-61.38% lower than
3Y
Net Income Growth
-80.62% lower than
3Y
Cash Flow Change
106% higher than
3Y
ROE
-360% lower than
3Y
ROCE
-367% lower than
3Y
EBITDA Margin (Avg.)
-140% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.3 | 0.39 | 0.74 | 0.07 | 0.62 | 1.3 | 7.01 | 8.2 | 3.91 | 2.1 | 1.49 | 0.92 | 1.44 |
| Expenses | 0.52 | 0.82 | 0.98 | 0.37 | 0.6 | 0.89 | 4.77 | 8.79 | 2.87 | 2.15 | 2.11 | 2.68 | 2.92 |
| Operating Profit | -0.22 | -0.43 | -0.24 | -0.3 | 0.02 | 0.41 | 2.24 | -0.59 | 1.04 | -0.05 | -0.62 | -1.76 | -1.48 |
| OPM % | -73.33% | -110.26% | -32.43% | -428.57% | 3.23% | 31.54% | 31.95% | -7.2% | 26.6% | -2.38% | -41.61% | -191.3% | -102.78% |
| Other Income | 0.08 | 0.11 | 0 | -0.07 | 0.06 | 0.12 | 0.09 | 4.42 | 0.07 | 0.58 | 0.09 | 2.11 | 0.37 |
| Interest | 0.01 | 0 | 0 | 0.03 | 0 | 0 | 0 | 0.04 | 0 | 0.01 | 0 | 0.01 | 0.01 |
| Depreciation | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 | 0.12 | 0.1 | 0.03 | 0.04 | 0.06 | 0.06 | 0.09 |
| PBT | -0.2 | -0.37 | -0.3 | -0.45 | 0.03 | 0.48 | 2.21 | 3.69 | 1.08 | 0.48 | -0.59 | 0.28 | -1.21 |
| Tax % | 0% | 0% | 0% | -2.22% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -0.2 | -0.37 | -0.3 | -0.45 | 0.03 | 0.48 | 2.21 | 3.69 | 1.08 | 0.47 | -0.6 | 0.28 | -1.21 |
| EPS in Rs | -0.1 | -0.18 | -0.15 | -0.22 | 0.01 | 0.24 | 1.1 | 1.83 | 0.31 | 0.14 | -0.17 | 0.05 | -0.2 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 51.51 | 40.52 | 25.41 | 14.69 | 5.59 | 4.55 | 4.14 | 5.61 | 2.82 | 1.59 | 17.12 | 8.42 | 5.95 |
| Expenses | 38.79 | 35.11 | 24.39 | 27.03 | 6.61 | 5.08 | 5.85 | 6.72 | 209 | 2.72 | 15.05 | 9.81 | 9.86 |
| Operating Profit | 12.72 | 5.41 | 1.02 | -12.34 | -1.02 | -0.53 | -1.71 | -1.11 | -206 | -1.13 | 2.07 | -1.39 | -3.91 |
| OPM % | 24.69% | 13.35% | 4.01% | -84% | -18.25% | -11.65% | -41.3% | -19.79% | -7316.67% | -71.07% | 12.09% | -16.51% | -65.71% |
| Other Income | -2.4 | 3.92 | 5.55 | 1.39 | -2.62 | 0.79 | 1.04 | 1.31 | 238 | 0.04 | 4.69 | 2.85 | 3.15 |
| Interest | 27.23 | 24.91 | 19.68 | 19.5 | 13.03 | 13.48 | 13.49 | 13.59 | 0.14 | 0.04 | 0.04 | 0.03 | 0.03 |
| Depreciation | 19.74 | 19.55 | 18.32 | 16.5 | 3.94 | 3.12 | 2.71 | 2.08 | 0.21 | 0.21 | 0.32 | 0.19 | 0.25 |
| PBT | -36.65 | -35.13 | -31.43 | -46.95 | -20.61 | -16.34 | -16.87 | -15.47 | 31.5 | -1.34 | 6.4 | 1.24 | -1.04 |
| Tax % | 3.19% | 0.37% | 0.29% | -36.68% | -103.74% | 8.14% | -2.55% | 16.94% | 0.03% | -0.75% | 0% | 0% | — |
| Net Profit | -37.81 | -35.26 | -31.52 | -29.73 | 0.77 | -17.67 | -16.43 | -18.09 | 31.49 | -1.33 | 6.41 | 1.24 | -1.06 |
| EPS in Rs | -18.79 | -17.52 | -15.66 | -14.77 | 0.38 | -8.78 | -8.16 | -8.99 | 15.65 | -0.66 | 3.19 | 0.21 | -0.18 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 20.12 | 60.12 |
| Reserves | 92.6 | 58.3 | 32.94 | 3.21 | 17.58 | -4.25 | 8.58 | -7.75 | 32.13 | 26.91 | 66.71 | 51.6 |
| Borrowings | 237 | 278 | 295 | 267 | 230 | 235 | 207 | 210 | 0.03 | 0 | 18.93 | 4.41 |
| Other Liabilities | 235 | 276 | 295 | 201 | 84.79 | 104 | 49.38 | 52.6 | 26.75 | 38.37 | 17.73 | 10.42 |
| Total Liabilities | 585 | 632 | 643 | 491 | 353 | 355 | 285 | 275 | 79.03 | 85.4 | 123 | 127 |
| Fixed Assets | 237 | 218 | 200 | 182 | 26.06 | 22.95 | 7.3 | 5.25 | 1.93 | 1.72 | 1.99 | 2.99 |
| CWIP | 0.53 | 0.57 | 0.57 | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0 | 0 | 0.03 | 0.01 |
| Investments | 6.08 | 6.08 | 6.08 | 6.08 | 0 | 0 | 0 | 0 | 20.81 | 21.44 | 21.39 | 21.86 |
| Other Assets | 342 | 407 | 437 | 303 | 326 | 331 | 277 | 269 | 56.29 | 62.24 | 100 | 102 |
| Total Assets | 585 | 632 | 643 | 491 | 353 | 355 | 285 | 275 | 79.03 | 85.4 | 123 | 127 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -1.84 | -27.5 | 16.83 | 15.22 | -26.06 | 30.05 | -10.77 | 24.29 | -18.65 | -11.34 | 0.65 | -22.87 |
| Investing | -10.86 | 3.04 | 0.32 | 1.57 | 0.62 | -21.33 | 18.71 | -6 | 42.68 | -4.95 | -21.16 | -4.28 |
| Financing | 14.39 | 22.88 | -13.25 | -15.75 | 24.31 | -8.63 | -11.43 | -18.43 | -24.08 | 17.52 | 33.41 | 30.53 |
| Net Cash Flow | 1.69 | -1.58 | 3.9 | 1.04 | -1.13 | 0.09 | -3.49 | -0.14 | -0.06 | 1.22 | 12.9 | 3.39 |
| Free Cash Flow | -15.41 | -27.56 | 17.07 | 16.69 | -27.21 | 30.04 | 2.18 | 24.26 | -18.65 | -11.34 | 0.04 | -24.03 |
| CFO/OP | -14 | -508 | 1,650 | -123 | 2,555 | -5,670 | 630 | -2,188 | 9 | 1,004 | 31 | 1,645 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 558 | 950 | 1,343 | 2,627 | 3,468 | 4,293 | 3,432 | 3,244 | 219 | 1,042 | 167 | 317 |
| Inventory Days | 4,106 | 2,509 | 5,761 | 13,846 | 13,885 | 19,047 | 9,302 | 7,075 | 358 | 564 | 133 | 392 |
| Days Payable | 5,907 | 4,637 | 9,806 | 14,524 | 6,137 | 8,482 | 2,110 | 1,837 | 2,292 | 1,983 | 264 | 357 |
| Cash Conversion Cycle | -1,243 | -1,178 | -2,703 | 1,949 | 11,217 | 14,857 | 10,625 | 8,481 | -1,715 | -376 | 35.6 | 353 |
| Working Capital Days | -710 | -951 | -1,812 | -2,963 | -3,855 | -7,657 | -4,942 | -5,107 | -40.12 | -2,658 | -83.15 | 2,212 |
| ROCE % | -0.42% | -2.89% | -4.17% | -8.59% | -1.46% | -1.1% | -1.39% | -0.82% | 24.98% | -2.11% | 8.43% | 1.14% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Kavveri Defence & Wireless Technologies insights
62 extracted metrics + investor summaries across FY01–FY26.
Documents
1
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. 29 Apr - Company confirms large corporate disclosure norms are not applicable for FY2026 as it is debt-free.
2
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. 29 Apr - Company confirms it is debt-free; Large Corporate disclosures not applicable for FY ended 31 March 2026.
3
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. 29 Apr - Company confirms large corporate disclosure norms are not applicable for FY2026 as it is debt-free.
4
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. 29 Apr - Company confirms it is debt-free; Large Corporate disclosures not applicable for FY ended 31 March 2026.
5
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. 9 Apr - Regulation 74(5) depository certificate submitted for quarter ended 31 March 2026.
Frequently Asked Questions about Kavveri Defence & Wireless Technologies
What does Kavveri Defence & Wireless Technologies Ltd do?
Incorporated in 1996, Kavveri Defence & Wireless Technologies Ltd is engaged in the design and development, and manufacture
of RF products and Antennas[1]
Where is Kavveri Defence & Wireless Technologies Ltd (KAVDEFENCE) listed?
Kavveri Defence & Wireless Technologies Ltd trades as KAVDEFENCE on the NSE and under code 590041 on the BSE.
Which sector does Kavveri Defence & Wireless Technologies Ltd belong to?
Kavveri Defence & Wireless Technologies Ltd is classified under the Telecom sector, in the Equipment & Accessories industry.
What is the market capitalisation of Kavveri Defence & Wireless Technologies Ltd?
Kavveri Defence & Wireless Technologies Ltd has a market capitalisation of ₹429.71 Cr, which places it in the Small Cap band.
What is the PE ratio of Kavveri Defence & Wireless Technologies Ltd?
Kavveri Defence & Wireless Technologies Ltd trades at a PE ratio of -419.70, against a book value of ₹18.58 per share.
What is the 52-week high and low of Kavveri Defence & Wireless Technologies Ltd?
Over the last 52 weeks Kavveri Defence & Wireless Technologies Ltd has traded between ₹51.51 and ₹162.87.
What is the Return on Equity (ROE) of Kavveri Defence & Wireless Technologies Ltd?
Kavveri Defence & Wireless Technologies Ltd reported a return on equity of 7.38%. Its debt-to-equity ratio is 0.04.
Company Information
Incorporated in 1996, Kavveri Defence & Wireless Technologies Ltd is engaged in the design and development, and manufacture of RF products and Antennas[1]
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