TickerSutra

NSE: KAVDEFENCE · BSE: 590041 · ISIN INE641C01019

Kavveri Defence & Wireless Technologies Limited stock analysis

Kavveri Defence & Wireless Technologies Limited ranks #4397 in the TickerSutra evidence-ranked universe with a score of 33/100 and 95% data confidence. The latest captured fundamentals show ROCE of 1.1%, quarterly sales growth of -63.2% and quarterly profit growth of -212.0%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE33/100

Avoid / exit review

#4397 of 5,430 ranked equities
Market capitalisation₹380.76cr
ROCE1.1%
Quarterly sales growth-63.2%
Quarterly profit growth-212.0%
P/E ratio0.0×
Promoter pledge5.1%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.04×
  • Strong CFO/EBITDA of 16.45×
  • 44% three-year sales CAGR
  • CWIP indicates an active capacity pipeline

Risks and constraints

  • Promoter holding is below 25%
  • Promoter pledge is 5.1% of promoter holding
  • Operating margin has compressed materially

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹5.6cr₹-1.1cr₹-18.1cr-19.8%
2023₹2.8cr₹-206.3cr₹31.5cr-7316.7%
2024₹1.6cr₹-1.1cr₹-1.3cr-71.1%
2025₹17.1cr₹2.1cr₹6.4cr12.1%
2026₹8.4cr₹-1.4cr₹1.2cr-16.5%
TTM₹6cr₹-3.9cr₹-1.1cr-65.7%
Debt / equity0.04×
CFO / EBITDA16.45×
Operating margin-65.7%
Free cash flow₹-24cr
Sales CAGR · 3Y44.0%
Profit CAGR · 3Y-66.0%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts1 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Regulatory updatesHigh severity · 2 mentions
Constructive

Thls is why Kavveri is built around compounding product development: it is the surest driver of a deepening moat and a durable competitive advantage, one that supports strong margins without requiring heavy capital to sustain. Looking back, the past thirty years brought challenges across every domain we operate in, regulatory, market and industry alike. Our direction is set toward developing the RF industry for the n

Export market updatesLow severity · 3 mentions
Constructive

2000s Late 2000s 2010s Primary supplier to India's telecom boom As mobile networks were built out across the country, Kavveri became a primary supplier of telecom antennas, filters and other radio-frequency components to a rapidly expanding industry, scaling design and manufacturing capacity to meet national rollout volumes. Entry into foreign markets through acquisition The strength of the telecom boom gave the Comp

Regulatory approvalLow severity · 2 mentions
Watch

Pursuant to Section 149(10) of the Cornpanies Act, 2013 ("Act"), an Independent Director may be re-appointed for a second term of up to five consecutive years, subject to approval of the Members by way of a Special Resolution. Further, pursuant to Regulation 25(2A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), the re-appointrnent of an Independent Director

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

DIRECTOR & BUSINESS NETWORK

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