Kavveri Defence & Wireless Technologies Share Price & Earnings Call Analysis
- Market cap
- ₹484 Cr
- ROE
- 1.28%
- Price to sales
- 81.36
- Debt to equity
- 0.04
- 52W high / low
- ₹113 / ₹51.8
- Sales growth (5Y)
- 15.26%
- EBITDA margin
- -65.71%
- Net profit margin
- 14.73%
- Promoter holding
- 24.56%
- Sales (last year)
- ₹6 Cr
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Financials of Kavveri Defence
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Kavveri Defence
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 0.99 | 0.36 | 0.30 | 0.39 | 0.74 | 0.07 | 0.62 | 1.30 | 7.01 | 8.20 | 3.91 | 2.10 | 1.49 |
| Expenses + | 0.76 | 207.30 | 0.52 | 0.82 | 0.98 | 0.37 | 0.60 | 0.89 | 4.77 | 8.79 | 2.87 | 2.15 | 2.11 |
| Operating Profit | 0.23 | -206.94 | -0.22 | -0.43 | -0.24 | -0.30 | 0.02 | 0.41 | 2.24 | -0.59 | 1.04 | -0.05 | -0.62 |
| OPM % | 23.23% | -57,483.33% | -73.33% | -110.26% | -32.43% | -428.57% | 3.23% | 31.54% | 31.95% | -7.20% | 26.60% | -2.38% | -41.61% |
| Other Income + | 0.00 | 239.54 | 0.08 | 0.11 | 0.00 | -0.07 | 0.06 | 0.12 | 0.09 | 4.42 | 0.07 | 0.58 | 0.09 |
| Interest | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | 0.01 | 0.00 |
| Depreciation | 0.52 | -1.35 | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 | 0.12 | 0.10 | 0.03 | 0.04 | 0.06 |
| Profit before tax | -0.29 | 33.94 | -0.20 | -0.37 | -0.30 | -0.45 | 0.03 | 0.48 | 2.21 | 3.69 | 1.08 | 0.48 | -0.59 |
| Tax % | 0.00% | 2.62% | 0.00% | 0.00% | 0.00% | -2.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit + | -0.29 | 33.05 | -0.20 | -0.37 | -0.30 | -0.45 | 0.03 | 0.48 | 2.21 | 3.69 | 1.08 | 0.47 | -0.60 |
| EPS in Rs | -0.14 | 16.42 | -0.10 | -0.18 | -0.15 | -0.22 | 0.01 | 0.24 | 1.10 | 1.83 | 0.31 | 0.14 | -0.17 |
Financials of Kavveri Defence
Profit & Loss
Annual income statement trend
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 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 |
| Expenses + | 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% |
| Other Income + | 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% | |
| Net Profit + | -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% |
Financials of Kavveri Defence
Balance Sheet
Capital structure and asset base
| 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 |
| Borrowings + | 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 |
| Other Liabilities + | 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 |
| Fixed Assets + | 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 |
| Other Assets + | 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 |
Financials of Kavveri Defence
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 104.27 | -1.84 | -27.50 | 16.83 | 15.22 | -26.06 | 30.05 | -10.77 | 24.29 | -18.65 | -11.34 | 0.65 |
| Cash from Investing Activity + | -1.74 | -10.86 | 3.04 | 0.32 | 1.57 | 0.62 | -21.33 | 18.71 | -6.00 | 42.68 | -4.95 | -21.16 |
| Cash from Financing Activity + | -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 |
| Free Cash Flow | 102.15 | -15.41 | -27.56 | 17.07 | 16.69 | -27.21 | 30.04 | 2.18 | 24.26 | -18.65 | -11.34 | 0.04 |
| CFO/OP | -1,487% | -14% | -508% | 1,650% | -123% | 2,555% | -5,670% | 630% | -2,188% | 9% | 1,004% | 31% |
Financials of Kavveri Defence
Ratios
Working capital efficiency and return ratios
| 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% |
Momentum score · price trend
32 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −23.0% | 32% |
| Last 6 months | +27.6% | 80% |
| Last 3 months | +47.6% | 96% |
The price is 71.3% below its all-time high of ₹290.55 (18 Jan 2008). Stocks more than 20% below their peak have their score halved, so 64 became 32.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Kavveri Defence: 0.4 × 32 + 0.4 × 80 + 0.2 × 96 = 64, halved to 32 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.