URAVIDEF
Uravi Defence and Technology financials
- Market cap
- ₹130 Cr
What Uravi Defence and Technology Limited does
Uravi Defence and Technology Limited (formerly Uravi T and Wedge Lamps Limited) manufactures automotive lamps, LED lamps and lighting components for two-wheelers, four-wheelers and tractors, sold to OEMs and the aftermarket under its UVAL brand. In September 2024 it acquired a 50.01% stake in SKL India Pvt. Ltd., a Mumbai-based defence engineering firm that designs and manufactures rugged power systems such as diesel gensets, hybrid power solutions, lithium battery systems, AMF/distribution panels and sound-attenuation canopies for DRDO units and defence organisations. The company operates automotive-lamp manufacturing units in Bhiwandi (Maharashtra) and Kathua (Jammu & Kashmir), while SKL runs a production and design facility in Navi Mumbai's TTC Industrial Zone.
Segments
- Automotive Lighting (UVAL)
- SKL India (Defence Power Systems)
- Manufacturing units (automotive lamps)
- 3 (1 at Bhiwandi, Thane, Maharashtra; 2 at Kathua, Jammu & Kashmir)
- Plant land area
- 4,000 sq. mtrs
- Installed capacity (FY24)
- Unit-I 70 Nm units/yr, Unit-II 72 Nm units/yr, Unit-III 43.2 Nm units/yr
- Plant capacity utilisation (FY25)
- 57%, producing ~10.55 crore bulbs
- Products available
- 50+
- Dealer network
- 150+ across India
Quarterly results
Q1 FY27: revenue up 23.6%, net profit down 21.6% 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 | 11 | 10 | 9 | 8 | 10 −8% | 10 +2% | 10 +8% | 10 +24% |
| EBITDA | 2 | 1 | 2 | 1 | 1 −31% | 1 −26% | 0 −87% | 1 −34% |
| Net profit | 0 | 0 | 1 | 0 | 0 +33% | 0 +18% | 0 −66% | 0 −22% |
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 −67.8% 1Y
1Y: ₹354.55 on 10 Sept 2025 → ₹114. High ₹380.5 (12 Sept 2025), low ₹103.51 (19 Aug 2026).
Financials, as filed
Revenue fell 4.1% a year over 2 years, FY24 to FY26. Operating margin narrowed to 7.9%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹42 Cr | ₹41 Cr | ₹39 Cr |
| Operating profit | ₹6 Cr | ₹6 Cr | ₹3 Cr |
| Operating margin | 15.3% | 13.6% | 7.9% |
| Interest | ₹2 Cr | ₹2 Cr | ₹1 Cr |
| Depreciation | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Net profit | ₹2 Cr | ₹2 Cr | ₹1 Cr |
| Net margin | 5.1% | 4.0% | 3.4% |
| Cash from operations | — | ₹-2 Cr | ₹3 Cr |
| Free cash flow | — | ₹-3 Cr | ₹2 Cr |
| ROCE | 10.7% | 7.5% | 4.1% |
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 | FY25 | FY26 |
|---|---|---|
| Equity capital | ₹11 Cr | ₹11 Cr |
| Reserves | ₹39 Cr | ₹40 Cr |
| Borrowings | ₹26 Cr | ₹24 Cr |
| Other liabilities | ₹14 Cr | ₹3 Cr |
| Total liabilities | ₹90 Cr | ₹79 Cr |
| Fixed assets | ₹19 Cr | ₹13 Cr |
| Capital work in progress | ₹3 Cr | ₹3 Cr |
| Investments | ₹9 Cr | ₹0 Cr |
| Other assets | ₹59 Cr | ₹62 Cr |
| Total assets | ₹90 Cr | ₹79 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 trimmed −25.29 pp while the public added +25.03 pp. The shareholder count grew 84% to 4,748.
- Promoters
- 45.0%
- FIIs
- 6.7%
- Public
- 48.3%
Since Jun 2025
- Promoters −25.29 pp
- Public +25.03 pp
- FIIs +0.26 pp
How it drifted, 12 quarters
Over this window promoters fell from 72.7% to 45.0% — −27.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 72.7%, Public 27.3%.Dec '23: Promoters 72.7%, Public 27.3%.Mar '24: Promoters 72.7%, Public 27.3%.Jun '24: Promoters 72.7%, FIIs 3.6%, Public 23.7%.Sep '24: Promoters 72.7%, FIIs 3.6%, Public 23.7%.Dec '24: Promoters 72.7%, FIIs 4.0%, Public 23.3%.Mar '25: Promoters 70.9%, FIIs 4.8%, Public 24.3%.Jun '25: Promoters 70.3%, FIIs 6.5%, Public 23.2%.Sep '25: Promoters 58.4%, FIIs 8.2%, Public 33.4%.Dec '25: Promoters 54.2%, FIIs 7.9%, Public 37.9%.Mar '26: Promoters 58.0%, FIIs 6.7%, Public 35.2%.Jun '26: Promoters 45.0%, FIIs 6.7%, Public 48.3%.
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.
- Shalin Shah . newly disclosed 2.97% held
- Ganesh Hire Purchase And Leasing Finance Private Limited newly disclosed 1.74% held
- Padma Bahety newly disclosed 1.63% held
- Sushil Bahety . newly disclosed 1.58% held
- Shikha Aggarwal newly disclosed 1.26% held
- Alisha Sapan Shah newly disclosed 1.07% held
- Sapan Anil Shah (Huf) +0.85 pp 4.59% held
- Rakesh Kumar Aggarwal +0.65 pp 5.04% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Uravi Defence and Technology Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Niraj Damji Gada | 16.28% | unchanged |
| Damji Manek Gada | 6.32% | unchanged |
| Rakesh Kumar Aggarwal | 5.04% | +0.65 pp |
| Sapan Anil Shah (Huf) | 4.59% | +0.85 pp |
| Priyanka Aggarwal | 3.90% | unchanged |
| Rachana Niraj Gada | 3.86% | unchanged |
| Minerva Ventures Fund FPI fund | 3.24% | unchanged |
| Dina Damji Gada | 2.98% | unchanged |
| Shalin Shah . | 2.97% | newly disclosed |
| Nupur Anil Shah | 2.29% | +0.43 pp |
| Harsha Kaushik Gada | 2.28% | unchanged |
| Shitalben Shaileshkumar Thakkar | 2.12% | 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.
Learn to analyse Uravi Defence and Technology Limited
Guides on how to read this kind of business and the numbers that matter.