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Kavveri Telecom Products Limited
(KAVDEFENCE)
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Rating:50Neutral
Price Target:
₹76.00
▲(2.79% Upside)
Action:Reiterated
Date:09/16/26
The score is held down primarily by weak financial performance—especially cash burn and a steep 2026 revenue drop with worsening operating profitability—despite a currently conservative balance sheet. Technicals are a meaningful offset with strong trend and positive momentum, but valuation is unfavorable/uncertain due to the negative P/E and lack of dividend yield data.
Positive Factors
Conservative Current Balance Sheet
Very low current leverage and a substantial equity base provide financial cushioning for an electronics and defence supplier. This structure can support continued operations and selective investment while reducing near-term dependence on borrowing, although historical leverage has been uneven.
Negative Factors
Sharp Revenue Contraction
A roughly 51% annual revenue decline signals a major reduction in business activity and weakens confidence in near-term scale. Sustained lower sales would limit fixed-cost absorption, reduce resources for product development, and make future earnings more dependent on winning large individual orders.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Current Balance Sheet
Very low current leverage and a substantial equity base provide financial cushioning for an electronics and defence supplier. This structure can support continued operations and selective investment while reducing near-term dependence on borrowing, although historical leverage has been uneven.
Read all positive factors
Kavveri Telecom Products Limited (KAVDEFENCE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.57B
Dividend Yield0.95%
Average Volume (3M)59.91K
Price to Earnings (P/E)―
Beta (1Y)0.90
Revenue Growth-70.88%
EPS Growth-108.32%
CountryIN
Employees20
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)2.58
Shares Outstanding60,124,260
10 Day Avg. Volume152,377
30 Day Avg. Volume59,912
Financial Highlights & Ratios
PEG Ratio-1.66
Price to Book (P/B)1.64
Price to Sales (P/S)21.82
P/FCF Ratio-19.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kavveri Telecom Products Limited Business Overview & Revenue Model
Company Description
Kavveri Defence & Wireless Technologies Limited, an Indian company established in Bengaluru in 1991, specializes in the development, design, and production of radio frequency (RF) products and antennas. These advanced solutions cater to critical s...
How the Company Makes Money
Kavveri Telecom Products Limited primarily makes money by selling its RF and microwave/communication hardware and related solutions (for example, antennas and RF sub-systems) to institutional and enterprise customers. Revenue is typically generate...
Kavveri Telecom Products Limited Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
66
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 173.17M | 84.21M | 15.86M | 28.24M | 56.08M | 41.41M |
| Gross Profit | 81.65M | 22.42M | 5.92M | 11.41M | 21.87M | 18.68M |
| EBITDA | 66.81M | 14.56M | -9.92M | 318.47M | 970.00K | -6.68M |
| Net Income | 63.72M | 12.42M | -13.35M | 314.88M | -180.91M | -164.31M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.27B | 854.03M | 790.22M | 2.75B | 2.85B |
| Cash, Cash Equivalents and Short-Term Investments | 2.56M | 177.36M | 14.48M | 1.99M | 2.83M | 3.50M |
| Total Debt | 0.00 | 44.06M | 0.00 | 336.00K | 2.13B | 2.10B |
| Total Liabilities | -635.55M | 148.27M | 383.68M | 267.70M | 2.62B | 2.56B |
| Stockholders Equity | 635.55M | 1.12B | 470.34M | 522.52M | 123.74M | 286.97M |
Cash Flow | ||||||
| Free Cash Flow | 181.58M | -95.14M | -157.51M | -186.53M | 242.61M | -107.68M |
| Operating Cash Flow | 191.92M | -83.49M | -113.42M | -186.52M | 242.89M | -107.68M |
| Investing Cash Flow | -479.16M | -42.78M | -50.45M | 426.79M | -60.00M | 187.08M |
| Financing Cash Flow | 391.98M | 160.13M | 176.08M | -240.83M | -184.29M | -114.30M |
Kavveri Telecom Products Limited Technical Analysis
Positive
73.94
Price Trends
59.89
Positive
61.69
Positive
65.15
Positive
Market Momentum
3.87
Negative
65.54
Neutral
76.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KAVDEFENCE, the sentiment is Positive. The current price of 73.94 is above the 20-day moving average (MA) of 62.08, above the 50-day MA of 59.89, and above the 200-day MA of 65.15, indicating a bullish trend. The MACD of 3.87 indicates Negative momentum. The RSI at 65.54 is Neutral, neither overbought nor oversold. The STOCH value of 76.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KAVDEFENCE.
Kavveri Telecom Products Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹151.38B | 81.46 | ― | 0.15% | 4.02% | 16.28% | |
61 Neutral | ₹339.49B | 55.45 | ― | 0.05% | 58.66% | 1518.05% | |
59 Neutral | ₹439.37B | 164.20 | ― | 0.65% | 18.90% | ― | |
56 Neutral | ₹11.36B | 24.82 | ― | 0.32% | 28.14% | 656.79% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹4.57B | -244.77 | ― | 0.95% | -70.88% | -108.32% | |
50 Neutral | ₹92.88B | -10.02 | ― | 0.48% | -82.05% | -593.40% |
* General Sector Average
IN:KAVDEFENCE
Kavveri Telecom Products Limited
74.28
-34.03
-31.42%
IN:ASTRAMICRO
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1,622.10
538.39
49.68%
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Birla Cable Limited
383.05
211.54
123.34%
IN:HFCL
HFCL Limited
213.15
135.46
174.36%
IN:STLTECH
Sterlite Technologies Limited
818.15
694.95
564.08%
IN:TEJASNET
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514.85
-100.85
-16.38%
Kavveri Telecom Products Limited Corporate Events
Kavveri Defence Board Clears Amalgamation of Samoro Telecoms Unit
Sep 6, 2026
Kavveri Defence Wireless Technologies Limited, a Bengaluru-headquartered defence and wireless technologies firm, has evolved from its telecom origins and now operates with a sizable asset base and growing wireless solutions portfolio. Its consoli...
Kavveri Defence & Wireless Technologies Clears Amalgamation with Samoro Telecoms
Sep 6, 2026
Kavveri Defence Wireless Technologies Limited has approved a Scheme of Amalgamation with Samoro Telecoms Private Limited, following recommendations from its Audit Committee and Independent Directors. The transaction, treated as a related-party am...
Kavveri Defence Promoter Confirms 4.64% Stake With No Encumbrance on Shares
Jun 17, 2026
Promoter and whole-time director Chenna Reddy Sanketh Ram Reddy has disclosed to the stock exchanges that he holds 2,790,000 equity shares, representing 4.64% of Kavveri Defence Wireless Technologies Limited as of March 31, 2026. He further confi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.