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Kavveri Defence & Wireless Technologies Ltd (KAVDEFENCE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590041 NSE: KAVDEFENCE Telecommunication - Equipment | Small Cap | Kavveri Def. Wireles Share Price

₹78.65 1.83 (2.38%)

As on 30-Sep'26 16:59

Kavveri Defence & Wireless Technologies Ltd (KAVDEFENCE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590041 NSE: KAVDEFENCE Telecommunication - Equipment | Small Cap | Kavveri Def. Wireles Share Price

₹78.65 1.83 (2.38%)

As on 30-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹462 Cr.
Current Price
₹78.7
52-Week Low / High
₹51 / 161
TTM EPS
₹-0.2
TTM Sales
₹6 Cr.
Book Value per Share
₹18.4
P/E Ratio
0.00
Lower than its 3-year historical median
Industry PE
127.8
Price to Book (P/B)
4.18
Higher than its 5-year historical median
Price to Sales (P/S)
77.63
Higher than its 5-year historical median
EV/EBITDA
-581.77
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
12.76%
In line with industry median
Return on Capital Employed (ROCE)
8.44%
Outperforms industry median
Return on Assets (ROA)
6.13%
Operating Profit Margin
10.6%
Net Profit Margin
37.42%
Gross Profit Margin
39.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
24.56%
Pledged shares (%) of Promoter's holding (%)
5.08%
Reserves
₹50 Cr.
Equity
₹60.1 Cr.
Face Value
₹10
All Time Low / High
₹1.81 / 309.45

Kavveri Defence & Wireless Technologies stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Kavveri Defence & Wireless Technologies Ltd a good quality company?
Kavveri Defence & Wireless Technologies Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Kavveri Defence & Wireless Technologies Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Kavveri Defence & Wireless Technologies Ltd vs industry peers?
Kavveri Defence & Wireless Technologies Ltd revenue CAGR is 30.35%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Kavveri Defence & Wireless Technologies Ltd?
Promoters hold 24.56% of the Kavveri Defence & Wireless Technologies Ltd, with 5.08% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Kavveri Defence & Wireless Technologies Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.5% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kavveri Defence & Wireless Technologies Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ-3.4%-3.2%-8.3%-3.4%-1.3%-1.4%-0.5%22%-1.5%7.2%-
Value Creation
Index ⓘ
-1.2-1.2-1.6-1.2-1.1-1.1-1.00.6-1.1-0.5-

Growth Parameters ⓘ

Sales ⓘ0.30.50.61.71.70.71.10.1014.83
Sales YoY Gr.-80%42.2%170.3%-4.6%-55.8%54.8%-90.3%-100%NA-
Adj EPS ⓘ-11-10.5-13.81.1-8.9-8.1-8.725.5-0.32-0.3
YoY Gr.-NANANA-918.4%NANANA-101.3%NA-
BVPS (₹) ⓘ63.252.738.838.729.821.412.828.728.33120.9
Adj Net
Profit ⓘ
-22.1-21.1-27.82.2-17.9-16.3-17.451.2-0.74.1-2
Cash Flow from Ops. ⓘ-0.117.4-5.226.10.50.13.6-67.7-2.20.8-
Debt/CF from Ops. ⓘ-1382.89.3-30.36.43391960.656.9000-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ57.3%55%135.6%NA
Adj EPS ⓘNANANANA
BVPSⓘ-7.6%0.8%34.3%9.6%
Share Price 19.5% 54.5% 110.6% -48.7%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ
-15.8-17.9-29.82.8-25.6-30.8-48.8121-1.25.3-1
Op. Profit
Mgn % ⓘ
-2236.3-1033.7-2662.3-49.5-15.3-80.959.5-164020.9011.7-149.9
Net Profit
Mgn % ⓘ
-8960.5-4712.2-4331.6127.2-1087.1-2218.8-1541.146576.4027.6-60.6
Debt to
Equity ⓘ
1.21.522.134.58.1000-
Working Cap
Days ⓘ
4,52,0272,45,1791,37,29641,04644,5501,00,06665,2344,02,57001,1773,153
Cash Conv.
Cycle ⓘ
1,68,45883,54754,27520,21920,21446,31028,7361,57,0510682,314

Valuation of Kavveri Def. Wireles - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *34.4734.4724.6224.6224.6214.1614.1614.165.085.08
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales41251565463217
Operating Expenses ⓘ + 35252710567212315
Manufacturing Costs3000001100
Material Costs11522123219
Employee Cost 7631111111
Other Costs ⓘ 141322623220815
Operating Profit ⓘ 51-12-4-0-2-1-209-12
Operating Profit Margin (%) 13.3%3.2%-84.0%-80.4%-10.2%-41.1%-19.8%-7,399.1%-81.3%10.6%
Other Income ⓘ + 431111124105
Exceptional Items ⓘ 03000000-00
Interest ⓘ 25202013141314000
Depreciation ⓘ 2018164332000
Profit Before Tax ⓘ -35-31-47-21-16-17-1531-16
Tax ⓘ 00-17-211-030-00
Profit After Tax -35-32-301-18-16-1831-16
PAT Margin (%) -87.0%-124.0%-202.0%13.7%-388.0%-396.0%-322.0%1,114.9%-84.2%37.4%
Adjusted EPS (₹)-17.5-15.7-14.80.4-8.8-8.2-9.015.7-0.73.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 77522238162711524753
Share Capital ⓘ 20.1220.1220.1220.1220.1220.1220.1220.1220.1220.12
Reserves ⓘ 5732218-47-9322733
Debt +2222212672302332072100019
Long Term Debt3845492572000
Short Term Debt1841762192282282002080019
Minority Interest0000000000
Trade Payables14313179323313151156
Others Liabilities ⓘ 19024012335572125163345
Total Liabilities ⓘ 6316434913353392682617985123

Fixed Assets

Net Fixed Assets ⓘ +218200182262375222
Gross Block3183183176863505022021
Accumulated Depreciation1001191354140424401819
CWIP ⓘ 1111111000
Investments ⓘ 6660000212121
Inventories77777573745858213
Trade Receivables1059310653543950258
Cash Equivalents 37844000314
Others Assets ⓘ 222260114178184163147535475
Total Assets ⓘ 6316434913353392682617985123
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -281715-2630-1124-19-111
PBT ⓘ -35-31-47-21-16-17-1531-16
Adjustment ⓘ 414436173124517-3349-0
Changes in Working Capital ⓘ -34426-17934-3922-17-59-6
Tax Paid ⓘ 0000000-000
Cash Flow From Investing Activity ⓘ + 3021-2119-643-5-21
Capex -0-01-1013-0-00-1
Net Investments 0000-000-21-10
Others ⓘ 3102-216-663-4-21
Cash Flow From Financing Activity ⓘ + 23-13-1624-9-11-18-241833
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 5643752-5-200
Interest Paid ⓘ -11-20-20-13-13-13-13-000
Dividend Paid ⓘ 0000000000
Others ⓘ 2900-0-000-221833
Net Cash Flow ⓘ -241-10-3-0-0113
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-37.38-48.87-80.462.57-65.95-75.85-93.7999.36-2.6912.76
ROCE (%)-2.89-3.34-8.6-2.7-1.08-1.38-0.8122.82-2.638.44
Asset Turnover Ratio0.070.040.030.010.010.010.020.020.020.16
PAT to CFO Conversion(x)N/AN/AN/A-26N/AN/AN/A-0.61N/A0.17
Working Capital Days
Receivable Days829.601,428.502,475.105,188.204,277.604,074.302,889.503,331.20717.20131.70
Inventory Days739.501,1071,889.904,850.905,917.705,815.603,762.203,838.90362.1049.20
Payable Days4,363.700008,4443,7101,720.902,770.102,975.70244.50

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Kavveri Defence & Wireless Technologies Ltd FAQs

The current trading price of Kavveri Def. Wireles on 30-Sep-2026 16:59 is ₹78.65.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Sep-2026 the market cap of Kavveri Def. Wireles stood at ₹461.9 Cr

The latest P/E ratio of Kavveri Def. Wireles as of 29-Sep-2026 is 0.00.

The latest P/B ratio of Kavveri Def. Wireles as of 29-Sep-2026 is 3.68.

The 52-week high of Kavveri Def. Wireles is ₹161.1 and the 52-week low is ₹51.05.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kavveri Def. Wireles is ₹2.68 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kavveri Defence & Wireless Technologies Ltd is a below average quality company.

The key valuation ratios of Kavveri Defence & Wireless Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Kavveri Defence & Wireless Technologies Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Kavveri Defence & Wireless Technologies Ltd

Founded in 1991 by a highly innovative team, Kavveri Telecom designs, develops, tests and implements a diverse range of products, from concept to deployment. With over 150 R&D man-years of experience, Kavveri Telecom is uniquely positioned to offer an array of world-class products and solutions to meet all hardware requirements of telecom manufacturers, telecom service providers and telecom users.

Kavveri Telecom is a leading telecom products manufacturer, providing world-class, hardware products and solutions for the telecom industry.

Kavveri Telecom combines expertise with experience to deliver state-of-art products and solutions spanning the wide spectrum of wireless telecommunications. The diverse range of products manufactured by Kavveri Telecoms includes antennas, RF components, repeaters, TMA/TMB and Solar Products.

The company also enjoys the stature of being the largest manufacturer of antennas & RF products in India. With 30,000 Sq. ft. area of R&D manufacturing infrastructure for design, development & production of Microwave Components, RF products and antennas, Kavveri Telecoms has the capacity of manufacturing over 1,00,000 high quality antennas & 10,000 RF products per month.

Headquartered in Bangalore, India, with three well-equipped production plants, Kavveri Telecom is geared to meet all telecom hardware needs of clients across the globe. Kavveri Telecom's esteemed clientele include industry giants such as Ericsson, Motorola, Spice, Airtel, BSNL, ISRO, World Space and Airports Authority of India.

Products and services offered by the company:

Products :

Antennas

  • GSM Antennas
  • Multiband Antennas
  • CDMA Antennas
  • WLAN Antennas
  • WiMax Antennas
  • Satellite Reception Antennas
  • Other Antennas

RF Components

  • 2 Way, 3 Way, 4 Way Power Splitter (800 - 2500 MHz)
  • Couplers
  • GSM Band Pass Filters
  • CDMA Band Pass Filters
  • VHF & UHF Band Pass Filter
  • Tunable Band Pass Filter
  • Low Pass Filters
  • High Pass Filters
  • GSM Duplex Filters
  • Duplex Filter (VHF, UHF, 2 GHz Band)
  • Lightning Arrestor

Cable and connectors

  •  RG Series
  • KMR Series
  • 1/2' Corrugated Low Loss
  •  7/8' Corrugated Low 

Repeaters

  • GSM
  • CDMA

TMA / TMB

  • TMA
  • TMB    

Solar Products

  • Solar Modules
  • Solar Power Pack

Solutions provided by Kavveri Telecom includes:

  • Site/RF Survey, RF Planning, Designing & Implementation
  • Repeater Based GSM & CDMA Indoor Coverage Solution
  • Repeater Based GSM & CDMA Out door Coverage Solution
  • Microcell Based Indoor Coverage Solution

Milestones:

  • Oct 1991 - Kaveri Microwave Components Founded
  • May 1994 - Antenna Division Operations started
  • Jan 1995 - R & D Center Recognized by DSIR 
  • Jan 1996 - Kaveri Telecoms Ltd., Incorporated
  • Aug 1997 - Manufacture of Communication Systems started
  • Dec 1997 - ISO 9001                - Registration by KPMG
  • Sept 2000 - Export Division started
  • Aug 2002 - Solar Plant started
  • Aug 2003  - Kaveri Telecoms changed to Kavveri Telecom Products Limited

Achievements/ recognition:

  • ISO 9001 : 2000
  • The Only approved supplier of antennas throughout the world for World Space Corporation, USA
  • Only Indian company exporting antennas & RF products to North America
  • The only company with largest number of approvals for antennas production from BSNL in India
  • Largest manufacturer of antennas & RF products in India
  • Mass manufacturing strengths in antennas & RF products - capacity to manufacture 1,00,000 high quality antennas & 10,000 RF products every month
  • First Indian private owned company to have Anechoic Chamber for testing the antenna parameters
  • First Indian company to design, develop & manufacture Frequency Translating Repeaters.
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