Kavveri DFS & WIR TEC Ltd
NSE: KAVDEFENCE · Aerospace & Defense · sector
₹82.22NSE close 2026-10-26
Key numbers
Market cap₹394 cr
Price₹82.22
52w high / low₹124 / ₹52
P/E–Sector median 75.3x
P/B3.5xSector median 8.2x
Book value₹23.3
Dividend yield–Sector median 0.15%
ROE-1.1%Sector median 12.6%
ROCE-0.9%Sector median 13.7%
OPM-65.3%Sector median 20.9%
Debt / equity0.04xSector median 0.11x
EV/EBITDA–Sector median 59.6x
Interest cover-35.2x
Current ratio5.67x
Sales growth 3y+43.9%Sector median +15.9%
Profit growth 3y-66.0%Sector median +32.2%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 29 companies in Aerospace & Defense (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹18 cr vs borrowings ₹4 cr (FY26): cash is higher (net cash).
- Operating profit covered interest -35.2x in the last 12 months.
- 5.08% of the promoters' shares are pledged (1.2% of all shares).
- Promoter holding rose by 9.15 percentage points in a year, to 24.56% (2026-09-30).
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY23).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- No dividend in the last 5 financial years.
- Price ₹82.22 on 2026-10-26: -33.6% from the 52-week high, +59.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹139.99 · low ₹38.40
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 7 | 8 | 4 | 2 | 1 | 1 | 1 |
| EBITDA | 0 | 2 | -1 | 1 | -0 | -1 | -2 | -1 |
| OPM % | 31.5% | 32.1% | -7.3% | 26.6% | -0.5% | -42.3% | -190.2% | -103.5% |
| Other income | 0 | 0 | 4 | 0 | 1 | 0 | 2 | 0 |
| Net profit | 0 | 2 | 4 | 1 | 0 | -1 | 0 | -1 |
| EPS (₹) | 0.48 | 2.20 | 1.83 | 0.31 | 0.03 | -0.17 | 0.08 | -0.20 |
| Revenue YoY | +61.5% | -78.7% | -88.8% | -63.2% | ||||
| Profit YoY | -2.1% | -127.1% | -92.4% | -212.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 7 | 3 | 0 | 17 | 8 | 6 |
| EBITDA | 0 | -209 | -3 | 2 | -1 | -4 |
| Net profit | -18 | 31 | -1 | 6 | 1 | -1 |
| EPS (₹) | -8.99 | 0.00 | -0.66 | 3.18 | 0.35 | -0.26 |
| Revenue growth | -59.2% | -100.0% | – | -50.8% | -70.9% | |
| Profit growth | – | -104.3% | – | -80.7% | -114.1% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +43.9% | +10.2% | -70.9% |
| Net profit | -66.0% | – | -114.1% |
| EPS | – | – | – |
| Share price | – | – (2y) | -26.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 52 | 47 | 87 | 112 |
| Borrowings | – | 0 | 5 | 19 | 4 |
| Cash & equivalents | – | 0 | 1 | 14 | 18 |
| Total assets | – | 79 | 85 | 123 | 127 |
| Fixed assets | – | 2 | 2 | 2 | 3 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 21 | 21 | 21 | 22 |
| Receivables | – | 2 | 5 | 8 | 7 |
| Inventory | – | 2 | 2 | 3 | 4 |
| Payables | – | 11 | 0 | 6 | 3 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -3 | 13 | -19 | 1 | -23 |
| Cash from investing | -6 | 43 | -5 | -21 | -4 |
| Cash from financing | 9 | -56 | 18 | 33 | 31 |
| Capex | 0 | 0 | 0 | 0 | 1 |
| Free cash flow | -3 | 13 | -19 | 1 | -24 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 60.3% | -2.8% | 7.4% | 1.1% |
| ROCE % | – | 60.3% | -2.5% | 6.1% | 1.1% |
| Debtor days | – | 218 | – | 167 | 317 |
| Inventory days | – | 357 | – | 133 | 391 |
| Payable days | – | 2,288 | – | 264 | 356 |
| Cash conversion cycle (days) | – | -1,713 | – | 36 | 352 |
| Working capital days | – | -10 | – | 223 | 2,980 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 24.56% |
| FIIs | 2.03% |
| DIIs | 0.01% |
| Public (non-institutions) | 73.41% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 15.41% | 15.41% | 15.41% | 23.67% | 24.56% | 24.56% | 24.56% | 24.56% |
| Promoter group | % |
|---|---|
| UMA Reddy C | 7.48% |
| C Sanketh Ram Reddy | 4.64% |
| C Rohit Reddy | 3.74% |
| C Mokshit Reddy | 3.74% |
| Ruma Reddy Chenna Reddy | 3.69% |
| Shivkumar Reddy | 0.75% |
| R H Kasturi | 0.50% |
| Public holders above 1% | % |
|---|---|
| Chiranjeev Pardasani | 4.43% |
| Sapna Pardasani | 4.16% |
| Amrutlal Thobhani | 3.33% |
| Jignesh Amrutlal Thobhani | 3.33% |
| Varshaben Jigneshkumar Thobhani | 3.33% |
| Shashank Pravinchandra Doshi | 3.33% |
| Hetal Shashank Doshi | 3.33% |
| Doshi TEJ | 3.33% |
| Upendra Narottamdas Shah HUF | 2.49% |
| Ronish U Shah HUF | 2.49% |
| Karjat Trade Place PVT Ltd | 2.39% |
| Ashish Nanda | 1.96% |
| Aegis Investment Fund PCC | 1.48% |
| Upendra N Shah | 1.44% |
| Girish Gulati (HUF) | 1.01% |
37,554 shareholders. Pledged: 5.08% of promoter shares.
Peers in Aerospace & Defense
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| HAL | ₹3,19,342 cr | 34.3x | 7.8x | 24.5% | 30.2% | 29.6% | +7.1% | 1.05% |
| BEL | ₹2,65,346 cr | 43.2x | 11.1x | 28.0% | 34.1% | 28.6% | +15.9% | 0.79% |
| BDL | ₹37,719 cr | 72.4x | 8.9x | 12.6% | 16.8% | 12.7% | -0.6% | 0.51% |
| GRSE | ₹21,411 cr | 26.7x | 8.2x | 34.0% | 41.2% | 11.1% | +39.8% | 0.95% |
| DATAPATTNS | ₹21,133 cr | 78.8x | 12.2x | 16.5% | 21.4% | 39.3% | +26.8% | 0.21% |
| AEQUS | ₹16,257 cr | – | 10.9x | -7.6% | 1.1% | 7.6% | – | – |
| APOLLO | ₹15,269 cr | 118.8x | 11.6x | 12.7% | 11.6% | 22.6% | +44.9% | 0.06% |
| ASTRAMICRO | ₹14,226 cr | 75.3x | 10.8x | 15.7% | 18.6% | 28.6% | +12.6% | 0.15% |
| ZENTEC | ₹13,947 cr | 77.1x | 7.4x | 10.3% | 14.6% | 32.6% | +46.5% | 0.13% |
| KAVDEFENCE | ₹394 cr | – | 3.5x | -1.1% | -0.9% | -65.3% | +43.9% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-13 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-23 | Other | Annual General Meeting |
| 2021-09-22 | Other | Annual General Meeting |
| 2020-12-22 | Other | Annual General Meeting |
| 2019-09-20 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
| 2017-09-20 | Other | Annual General Meeting |
| 2016-09-22 | Other | Annual General Meeting |
| 2015-09-16 | Other | Annual General Meeting |
| 2014-09-24 | Other | Annual General Meeting |
| 2013-09-25 | Other | Annual General Meeting |
| 2012-09-18 | Dividend | Annual General Meeting And Dividend Rs.4/- Per Share |
| 2011-09-15 | Dividend | Annual General Meeting And Dividend Rs.1.50 Per Share |
| 2010-09-16 | Dividend | Annual General Meeting And Final Dividend Rs.2/- Per Share |
| 2009-09-16 | Other | Agm/Div-Re.1/- Per Share |
| 2008-09-16 | Dividend | Agm/Dividend - 10% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Aerospace & Defense |
| Sub-industry | Aerospace & Defense |
| Symbol | KAVDEFENCE |
| BSE code | 590041 |
| ISIN | INE641C01019 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.