KAVDEFENCE
Kavveri Defence & Wireless Technologies financials
- Market cap
- ₹417 Cr
- Sector
- Capital Goods
What Kavveri Defence & Wireless Technologies Limited does
Kavveri Defence & Wireless Technologies designs, develops and manufactures high-performance RF and microwave components — external antennas, RF filters, duplexers and multiplexers, and wireless subsystems — for defence, aerospace, railroad transport, airports, industrial automation, SCADA/AMI networks, fixed wireless access and counter-drone applications. The company traces its origins to Kaveri Microwave Components, a proprietary duplex-filter-making concern started in October 1991, and was incorporated as a public limited company (as Kavveri Telecom Products Limited) on January 19, 1996; it made its first exports in 1993–94. Manufacturing is carried out at its Bangalore facilities (registered office/plant on Bannerghatta Road and a unit at Suragajakkanahalli village, Anekal Taluk) and at an overseas facility in Kemptville, Ontario, Canada. An in-house R&D Centre in Bangalore, recognised by India's Ministry of Science and Technology since 1996, develops the antenna, filter and RF-subsystem product portfolio.
Segments
- Antennas (omnidirectional, directional, multiband & custom)
- RF Filters, Duplexers & Multiplexers
- Defence & Aerospace RF Subsystems
- Manufacturing facilities
- 3 (2 in Bangalore, India + 1 in Kemptville, Ontario, Canada)
- Antenna frequency coverage
- 2 MHz – 20 GHz
- Core product lines
- 3 (antennas; multiband/custom antennas; RF filters, duplexers & multiplexers)
- End markets served
- 9 (defence, aerospace, railroad transport, airports, industrial automation, SCADA/AMI, fixed wireless access, critical infrastructure, counter-drone)
- Export track record
- Exporting since 1993–94
- In-house R&D centre
- Government-recognised (Ministry of Science & Technology) since 1996
Quarterly results
Q1 FY27: revenue down 63.2%, net profit down 212.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 7 | 8 | 4 | 2 +62% | 1 −79% | 1 −89% | 1 −63% |
| EBITDA | 0 | 2 | -1 | 1 | -0 −112% | -1 −128% | -2 −198% | -1 −242% |
| Net profit | 0 | 2 | 4 | 1 | 0 −2% | -1 −127% | 0 −92% | -1 −212% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −26.7% 1Y
1Y: ₹94.54 on 10 Sept 2025 → ₹69.33. High ₹155.12 (30 Sept 2025), low ₹51.79 (30 Mar 2026).
Financials, as filed
Revenue grew 136.9% a year over 2 years, FY24 to FY26. Operating margin widened to -16.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹2 Cr | ₹17 Cr | ₹8 Cr |
| Operating profit | ₹-1 Cr | ₹2 Cr | ₹-1 Cr |
| Operating margin | -79.3% | 12.1% | -16.5% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹-1 Cr | ₹6 Cr | ₹1 Cr |
| Net margin | -88.0% | 37.4% | 14.6% |
| Cash from operations | ₹-11 Cr | ₹1 Cr | ₹-23 Cr |
| Free cash flow | ₹-11 Cr | ₹0 Cr | ₹-24 Cr |
| ROCE | -2.1% | 8.4% | 1.1% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹34 Cr | ₹60 Cr |
| Reserves | ₹9 Cr | ₹-8 Cr | ₹32 Cr | ₹27 Cr | ₹54 Cr | ₹52 Cr |
| Borrowings | ₹207 Cr | ₹210 Cr | ₹0 Cr | ₹0 Cr | ₹6 Cr | ₹4 Cr |
| Other liabilities | ₹49 Cr | ₹53 Cr | ₹27 Cr | ₹38 Cr | ₹38 Cr | ₹10 Cr |
| Total liabilities | ₹285 Cr | ₹275 Cr | ₹79 Cr | ₹85 Cr | ₹132 Cr | ₹127 Cr |
| Fixed assets | ₹7 Cr | ₹5 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr |
| Capital work in progress | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹21 Cr | ₹21 Cr | ₹16 Cr | ₹22 Cr |
| Other assets | ₹277 Cr | ₹269 Cr | ₹56 Cr | ₹62 Cr | ₹114 Cr | ₹102 Cr |
| Total assets | ₹285 Cr | ₹275 Cr | ₹79 Cr | ₹85 Cr | ₹132 Cr | ₹127 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +9.15 pp while FIIs trimmed −5.41 pp. The shareholder count grew 117% to 36,052.
- Promoters
- 24.6%
- FIIs
- 2.2%
- DIIs
- 0.0%
- Public
- 73.3%
Since Jun 2025
- Promoters +9.15 pp
- FIIs −5.41 pp
- Public −3.71 pp
How it drifted, 12 quarters
Over this window FIIs fell from 14.0% to 2.2% — −11.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 15.1%, FIIs 14.0%, DIIs 4.9%, Public 66.0%.Dec '23: Promoters 15.1%, FIIs 13.0%, DIIs 0.0%, Public 71.8%.Mar '24: Promoters 15.1%, FIIs 13.0%, DIIs 0.0%, Public 71.8%.Jun '24: Promoters 15.1%, FIIs 13.0%, DIIs 0.0%, Public 71.8%.Sep '24: Promoters 15.1%, FIIs 13.0%, DIIs 0.0%, Public 71.8%.Dec '24: Promoters 15.1%, FIIs 13.0%, DIIs 0.0%, Public 71.8%.Mar '25: Promoters 15.1%, FIIs 13.0%, DIIs 0.0%, Public 71.8%.Jun '25: Promoters 15.4%, FIIs 7.6%, DIIs 0.0%, Public 77.0%.Sep '25: Promoters 15.4%, FIIs 4.7%, DIIs 0.0%, Public 79.9%.Dec '25: Promoters 15.4%, FIIs 4.7%, DIIs 0.0%, Public 79.8%.Mar '26: Promoters 24.6%, FIIs 2.0%, DIIs 0.0%, Public 73.4%.Jun '26: Promoters 24.6%, FIIs 2.2%, DIIs 0.0%, Public 73.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Aegis Investment Fund Pcc FPI fund newly disclosed 1.48% held
- Chiranjeev Pardasani +0.27 pp 4.43% held
The same filing shows 0 holders trimming and 4 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Kavveri Defence & Wireless Technologies Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Uma Reddy C | 7.48% | unchanged |
| C Sanketh Ram Reddy | 4.64% | unchanged |
| Chiranjeev Pardasani | 4.43% | +0.27 pp |
| Sapna Pardasani | 4.16% | unchanged |
| C Mokshit Reddy | 3.74% | unchanged |
| C Rohit Reddy | 3.74% | unchanged |
| Ruma Reddy Chenna Reddy | 3.69% | unchanged |
| Hetal Shashank Doshi | 3.33% | unchanged |
| Varshaben Jigneshkumar Thobhani | 3.33% | unchanged |
| Shashank Pravinchandra Doshi | 3.33% | unchanged |
| Amrutlal Thobhani | 3.33% | unchanged |
| Jignesh Amrutlal Thobhani | 3.33% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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