KAVVERI DEFENCE & WIRELESS TECHNOLOGIES LIMITED

Income Statement Kavveri Defence & Wireless Technologies Limited

Stocks

KAVDEFENCE

INE641C01019

Communications & Networking

Market Closed - Bombay S.E. 13:03:00 11/09/2026 +03			5-day change	1st Jan Change
69.34 ^INR	-8.22%		+2.91%	+3.38%

09-06	Kavveri Defence & Wireless Technologies Limited entered into Scheme of Amalgamation to acquire Samoro Telecoms Private Limited.	CI
08-14	Kavveri Defence & Wireless Technologies Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI

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Published financial data: KAVVERI DEFENCE & WIRELESS TECHNOLOGIES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Revenues	41.41M	56.08M	28.24M	15.86M	171M
Other Revenues, Total	-	-	1K	-	-
Total Revenues	41.41M	56.08M	28.24M	15.86M	171M
Cost of Goods Sold, Total	22.93M	29.87M	578M	9.94M	85.58M
Gross Profit	18.48M	26.22M	-550M	5.92M	85.62M
Selling General & Admin Expenses, Total	9.27M	10.05M	52.6M	9.12M	13.76M
Provision for Bad Debts	-	-	1B	1.19M	1M
Depreciation & Amortization - (IS)	27.08M	20.76M	2.12M	2.12M	3.17M
Other Operating Expenses	25.39M	21.61M	-245M	3.85M	8.42M
Other Operating Expenses, Total	61.74M	52.43M	811M	16.28M	26.36M
Operating Income	-43.26M	-26.21M	-1.36B	-10.37M	59.26M
Interest Expense, Total	-135M	-135M	-407K	-357K	-363K
Interest And Investment Income	302K	-	762K	925K	281K
Net Interest Expenses	-134M	-135M	355K	568K	-82K
Currency Exchange Gains (Loss)	1.52M	3.25M	3.04M	-1.51M	18.74M
Other Non Operating Income (Expenses)	1.34M	-	-43.32M	578K	4K
EBT, Excl. Unusual Items	-175M	-158M	-1.4B	-10.73M	77.93M
Gain (Loss) On Sale Of Investments	-	-	-255M	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-5.42M	-	-
Insurance Settlements	-	1.06M	-	-	-
Other Unusual Items	6.25M	2.11M	2.15B	-2.7M	-13.86M
EBT, Incl. Unusual Items	-169M	-155M	487M	-13.43M	64.07M
Income Tax Expense	-4.33M	26.22M	172M	-81K	-
Earnings From Continuing Operations	-164M	-181M	315M	-13.35M	64.07M
Net Income to Company	-164M	-181M	315M	-13.35M	64.07M
Net Income - (IS)	-164M	-181M	315M	-13.35M	64.07M
Net Income to Common Incl Extra Items	-164M	-181M	315M	-13.35M	64.07M
Net Income to Common Excl. Extra Items	-164M	-181M	315M	-13.35M	64.07M
Per Share Items
Net EPS - Basic	-8.16	-8.99	15.65	-0.66	3.18
Basic EPS - Continuing Operations	-8.16	-8.99	15.65	-0.66	3.18
Basic Weighted Average Shares Outstanding	20.12M	20.12M	20.12M	20.12M	20.12M
Net EPS - Diluted	-8.16	-8.99	15.65	-0.66	1.56
Diluted EPS - Continuing Operations	-8.16	-8.99	15.65	-0.66	1.56
Diluted Weighted Average Shares Outstanding	20.12M	20.12M	20.12M	20.12M	41.01M
Normalized Basic EPS	-5.43	-4.9	-43.5	-0.33	2.42
Normalized Diluted EPS	-5.43	-4.9	-43.5	-0.33	1.19
Supplemental Items
EBITDA	-17.85M	-7.11M	-1.36B	-9.92M	60.77M
EBITA	-36.99M	-26.21M	-1.36B	-10.21M	59.26M
EBIT	-43.26M	-26.21M	-1.36B	-10.37M	59.26M
EBITDAR	-	-	-	-8.82M	62.01M
Total Revenues (As Reported)	51.76M	69.15M	2.44B	18.8M	218M
Effective Tax Rate - (Ratio)	2.57	-16.95	35.37	0.6	-
Total Current Taxes	-	-	81K	-81K	-
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-4.33M	26.22M	172M	-	-
Normalized Net Income	-109M	-98.67M	-875M	-6.71M	48.7M
Interest on Long-Term Debt	2.34M	2.11M	-	-	-
Supplemental Operating Expense Items
Advertising Expense	102K	375K	-	-	92K
Selling and Marketing Expenses	102K	375K	-	-	92K
Research And Development Expense From Footnotes	6.29M	5.88M	5K	4K	10K
Net Rental Expense, Total	-	-	-	1.1M	1.24M
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	204K	56K	104K	237K	18K

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Assets
Cash And Equivalents	4.24M	2.83M	2.26M	14.48M	144M
Total Cash And Short Term Investments	4.24M	2.83M	2.26M	14.48M	144M
Accounts Receivable, Total	389M	499M	16.87M	45.45M	78.14M
Other Receivables	36.21M	37.12M	7.8M	1.47M	559K
Notes Receivable	-	-	-	-	-
Total Receivables	426M	536M	24.68M	46.91M	78.7M
Inventory	579M	578M	16.48M	14.98M	31.21M
Prepaid Expenses	11.5K	129K	-	-	-
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	707M	484M	223M	206M	218M
Total Current Assets	1.72B	1.6B	267M	282M	471M
Gross Property Plant And Equipment	368M	369M	-	-	-
Accumulated Depreciation	-297M	-316M	-	-	-
Net Property Plant And Equipment	71.48M	52.67M	15.39M	15.14M	19.78M
Long-term Investments	-	-	208M	214M	214M
Goodwill	-	-	-	-	-
Other Intangibles, Total	6.9M	5.23M	3.91M	2.05M	384K
Loans Receivable Long-Term	-	-	-	-	271M
Deferred Tax Assets Long-Term	166M	140M	-	-	-
Other Long-Term Assets, Total	889M	949M	296M	340M	259M
Total Assets	2.85B	2.75B	790M	854M	1.23B
Liabilities
Accounts Payable, Total	131M	150M	106M	52.72M	61.91M
Accrued Expenses, Total	30.64M	32.72M	71.56M	64.79M	20.73M
Short-term Borrowings	2B	2.08B	336K	-	189M
Current Portion of Long-Term Debt	26.92M	28.91M	-	-	-
Current Income Taxes Payable	23.26M	23.26M	23.31M	23.14M	23.95M
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	57.75M	66.92M	66.99M	243M	70.73M
Total Current Liabilities	2.27B	2.38B	268M	384M	367M
Long-Term Debt	66.41M	17.01M	-	-	-
Pension & Other Post Retirement Benefits	-	5.41M	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	224M	219M	-1K	-	-
Total Liabilities	2.56B	2.62B	268M	384M	367M
Common Stock, Total	201M	201M	201M	201M	201M
Additional Paid In Capital	1.18B	1.18B	1.18B	-	1.18B
Retained Earnings	-1.07B	-1.26B	-866M	-	-854M
Comprehensive Income and Other	-20.05M	-2.36M	7.33M	269M	341M
Total Common Equity	287M	124M	523M	470M	868M
Minority Interest	-	-	-	-	-
Total Equity	287M	124M	523M	470M	868M
Total Liabilities And Equity	2.85B	2.75B	790M	854M	1.23B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.12M	20.12M	20.12M	20.12M	20.12M
ECS Total Common Shares Outstanding	20.12M	20.12M	20.12M	20.12M	20.12M
Book Value / Share	14.26	6.15	25.96	23.37	43.15
Tangible Book Value	280M	119M	519M	468M	868M
Tangible Book Value Per Share	13.92	5.89	25.77	23.27	43.13
Total Debt	2.1B	2.13B	336K	0	189M
Net Debt	2.09B	2.12B	-1.93M	-14.48M	45.75M
Debt Equivalent Oper. Leases	-	-	-	8.8M	9.9M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	68.02M	66.94M	11.56M	9.8M	12.38M
Inventories - Work In Process, Total	2.01M	2.1M	38K	-	-
Inventories - Finished Goods, Total	508M	509M	4.89M	5.18M	18.83M
Inventories - Others	-	-	-	-	-
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	-	-	-	-	-
Full Time Employees	-	-	-	-	20
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Net Income	-164M	-181M	315M	-13.35M	64.07M
Depreciation & Amortization - CF	19.14M	19.1M	451K	291K	1.51M
Amortization of Goodwill and Intangible Assets - (CF)	6.27M	-	-	162K	-
Depreciation & Amortization, Total	25.41M	19.1M	451K	453K	1.51M
Amortization of Deferred Charges, Total - (CF)	1.66M	1.66M	1.66M	1.66M	1.66M
(Gain) Loss From Sale Of Asset	-	-	17.5M	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	255M	-	-
Asset Writedown & Restructuring Costs	-	-	5.42M	-	-
Provision for Credit Losses	-	-	-180K	-	27.12M
Other Operating Activities, Total	424M	179M	-614M	486M	-32.43M
Change In Accounts Receivable	146M	-109M	-324M	-28.58M	-13.98M
Change In Inventories	162M	922K	145K	1.5M	-16.22M
Change In Accounts Payable	-199M	18.8M	-147M	-52.79M	11.69M
Change in Other Net Operating Assets	-503M	314M	303M	-509M	-36.96M
Cash from Operations	-108M	243M	-187M	-113M	6.45M
Capital Expenditure	-	-281K	-10K	-	-6.15M
Sale of Property, Plant, and Equipment	129M	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-208M	-6.35M	546K
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-57.39M
Other Investing Activities, Total	57.58M	-59.72M	635M	-44.09M	-149M
Cash from Investing	187M	-60M	427M	-50.44M	-212M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	16.98M	-	-	175M	-
Total Debt Issued	16.98M	-	-	175M	-
Long-Term Debt Repaid, Total	-	-49.39M	-17.01M	-	-
Total Debt Repaid	-	-49.39M	-17.01M	-	-
Other Financing Activities, Total	-131M	-135M	-224M	926K	334M
Cash from Financing	-114M	-184M	-241M	176M	334M
Miscellaneous Cash Flow Adjustments	-1	-	-	-1K	-
Net Change in Cash	-34.9M	-1.41M	-564K	12.21M	129M
Supplemental Items
Cash Interest Paid	135M	135M	407K	-	-
Cash Income Tax Paid (Refund)	-	-	81K	-81K	-
Levered Free Cash Flow	-203M	63.47M	479M	108M	-232M
Unlevered Free Cash Flow	-119M	148M	479M	109M	-232M
Change In Net Working Capital	119M	-144M	-1.33B	-113M	266M
Net Debt Issued / Repaid	16.98M	-49.39M	-17.01M	175M	-

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Profitability
Return on Assets	-0.84	-0.59	-48.08	-0.79	3.55
Return on Total Capital	-1.1	-0.71	-61.33	-1.3	4.85
Return On Equity %	-73.73	-88.1	97.45	-2.69	9.57
Return on Common Equity	-73.73	-88.1	97.45	-2.69	9.57
Margin Analysis
Gross Profit Margin %	44.63	46.75	-1.95K	37.31	50.01
SG&A Margin	22.4	17.93	186.24	57.53	8.04
EBITDA Margin %	-43.1	-12.68	-4.82K	-62.53	35.5
EBITA Margin %	-89.33	-46.74	-4.82K	-64.37	34.62
EBIT Margin %	-104.47	-46.74	-4.82K	-65.39	34.62
Income From Continuing Operations Margin %	-396.81	-322.58	1.11K	-84.19	37.42
Net Income Margin %	-396.81	-322.58	1.11K	-84.19	37.42
Net Avail. For Common Margin %	-396.81	-322.58	1.11K	-84.19	37.42
Normalized Net Income Margin	-263.99	-175.93	-3.1K	-42.3	28.45
Levered Free Cash Flow Margin	-490.67	113.18	1.69K	684.04	-135.63
Unlevered Free Cash Flow Margin	-287.21	263.52	1.7K	685.45	-135.5
Asset Turnover
Asset Turnover	0.01	0.02	0.02	0.02	0.16
Fixed Assets Turnover	0.27	0.9	0.83	1.04	9.81
Receivables Turnover (Average Receivables)	0.09	0.13	0.11	0.51	2.77
Inventory Turnover (Average Inventory)	0.03	0.05	1.95	0.63	3.71
Short Term Liquidity
Current Ratio	0.76	0.67	1	0.74	1.29
Quick Ratio	0.19	0.23	0.1	0.16	0.61
Operating Cash Flow to Current Liabilities	-0.05	0.1	-0.7	-0.3	0.02
Days Sales Outstanding (Average Receivables)	4.07K	2.89K	3.33K	719.2	131.74
Days Outstanding Inventory (Average Inventory)	10.5K	7.06K	187.61	579.23	98.49
Average Days Payable Outstanding	-603.05	1.77K	2.78K	3.43K	205.47
Cash Conversion Cycle (Average Days)	15.18K	8.18K	741.85	-2.13K	24.76
Long Term Solvency
Total Debt/Equity	730.09	1.72K	0.06	-	21.79
Total Debt / Total Capital	87.95	94.5	0.06	-	17.89
LT Debt/Equity	23.14	13.75	-	-	-
Long-Term Debt / Total Capital	2.79	0.76	-	-	-
Total Liabilities / Total Assets	89.93	95.5	33.88	44.93	29.68
EBIT / Interest Expense	-0.32	-0.19	-3.34K	-29.04	163.25
EBITDA / Interest Expense	-0.13	-0.05	-3.34K	-27.78	167.41
(EBITDA - Capex) / Interest Expense	-0.13	-0.05	-3.34K	-27.78	150.47
Total Debt / EBITDA	-117.39	-298.88	-0	-	3.11
Net Debt / EBITDA	-117.15	-298.49	0	1.46	0.75
Total Debt / (EBITDA - Capex)	-117.39	-287.53	-0	-	3.46
Net Debt / (EBITDA - Capex)	-117.15	-287.14	0	1.46	0.84
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-8.99	35.44	-49.64	-43.86	979.65
Gross Profit, 1 Yr. Growth %	-38.68	41.85	-2.2K	-101.08	1.35K
EBITDA, 1 Yr. Growth %	147.82	-56.92	17.83K	-99.27	-758.18
EBITA, 1 Yr. Growth %	35.67	-26.49	5K	-99.25	-722.23
EBIT, 1 Yr. Growth %	17.63	-37.48	5K	-99.24	-711.82
Earnings From Cont. Operations, 1 Yr. Growth %	-6.99	10.1	-274.05	-104.24	-579.92
Net Income, 1 Yr. Growth %	-6.99	10.1	-274.05	-104.24	-579.92
Normalized Net Income, 1 Yr. Growth %	7.04	-9.74	787.15	-99.23	-826.19
Diluted EPS Before Extra, 1 Yr. Growth %	-7.01	10.11	-274.04	-104.24	-335.16
Accounts Receivable, 1 Yr. Growth %	-27.25	28.08	-96.62	169.36	71.93
Inventory, 1 Yr. Growth %	-21.93	-0.16	-97.15	-9.12	108.3
Net Property, Plant and Equip., 1 Yr. Growth %	-69.58	-26.32	-70.78	-1.65	30.65
Total Assets, 1 Yr. Growth %	-19.74	-3.58	-71.23	8.07	44.6
Tangible Book Value, 1 Yr. Growth %	76.45	-57.69	337.61	-9.7	85.35
Common Equity, 1 Yr. Growth %	80.79	-56.88	322.26	-9.98	84.62
Cash From Operations, 1 Yr. Growth %	-135.83	-325.57	-176.79	-39.19	-105.69
Capital Expenditures, 1 Yr. Growth %	-	-	-96.44	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-177.19	-131.37	657.6	-77.34	-313.24
Unlevered Free Cash Flow, 1 Yr. Growth %	-134.25	-225.15	224.68	-77.3	-312.59
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-17.47	11.03	-17.41	-46.83	146.2
Gross Profit, 2 Yr. CAGR %	-33.08	-6.73	445.36	-52.5	-60.53
EBITDA, 2 Yr. CAGR %	145.79	-0.61	807.59	14.32	-78.86
EBITA, 2 Yr. CAGR %	7.82	-1.95	517.73	-38.15	-79.13
EBIT, 2 Yr. CAGR %	2.13	-15.58	469.69	-37.66	-79.13
Earnings From Cont. Operations, 2 Yr. CAGR %	362.87	1.19	38.43	-72.84	-54.89
Net Income, 2 Yr. CAGR %	362.87	1.19	38.43	-72.84	-54.89
Normalized Net Income, 2 Yr. CAGR %	1.12	-1.71	182.97	-73.93	-76.41
Diluted EPS Before Extra, 2 Yr. CAGR %	363.54	1.19	38.43	-72.84	-68.42
Accounts Receivable, 2 Yr. CAGR %	-14.39	-3.47	-79.18	-69.81	115.2
Inventory, 2 Yr. CAGR %	-11.23	-11.71	-83.12	-83.9	37.59
Net Property, Plant and Equip., 2 Yr. CAGR %	-26.06	-52.65	-53.6	-46.39	13.36
Total Assets, 2 Yr. CAGR %	-10.12	-12.03	-47.33	-44.24	25.01
Tangible Book Value, 2 Yr. CAGR %	7.63	-13.59	36.08	98.78	29.37
Common Equity, 2 Yr. CAGR %	-12.76	-11.71	34.94	94.96	28.91
Cash From Operations, 2 Yr. CAGR %	-35.72	-10.09	31.61	-31.67	-81.4
Capital Expenditures, 2 Yr. CAGR %	-	83.5	-	-	2.38K
Levered Free Cash Flow, 2 Yr. CAGR %	-48.84	-50.9	53.8	31.03	-30.34
Unlevered Free Cash Flow, 2 Yr. CAGR %	-58.56	-34.76	101.37	-14.15	-30.4
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-34.54	-2.65	-14.69	-27.38	45.06
Gross Profit, 3 Yr. CAGR %	-47.39	-14.04	163.22	-31.59	48.36
EBITDA, 3 Yr. CAGR %	-47.54	34.03	473.74	-15.63	100.08
EBITA, 3 Yr. CAGR %	-49.58	-6.26	268.16	-34.09	30.47
EBIT, 3 Yr. CAGR %	-46.88	-14.18	233.21	-37.23	30.47
Earnings From Cont. Operations, 3 Yr. CAGR %	-17.93	186.8	21.25	-56.69	-29.25
Net Income, 3 Yr. CAGR %	-17.93	186.8	21.25	-56.69	-29.25
Normalized Net Income, 3 Yr. CAGR %	-28.05	-2.64	104.65	-60.56	-20.97
Diluted EPS Before Extra, 3 Yr. CAGR %	-17.93	187.07	21.24	-56.69	-44.22
Accounts Receivable, 3 Yr. CAGR %	-28.33	-2.09	-68.41	-51.13	-46.09
Inventory, 3 Yr. CAGR %	-8.34	-7.69	-71.88	-70.42	-62.2
Net Property, Plant and Equip., 3 Yr. CAGR %	-66.03	-26.15	-59.69	-40.39	-27.85
Total Assets, 3 Yr. CAGR %	-16.6	-7.99	-39.39	-33.07	-23.39
Tangible Book Value, 3 Yr. CAGR %	6.28	-21.15	48.39	18.69	94.2
Common Equity, 3 Yr. CAGR %	7.14	-31.02	48.76	17.9	91.45
Cash From Operations, 3 Yr. CAGR %	-10.89	-2.32	-14.7	1.75	-70.16
Capital Expenditures, 3 Yr. CAGR %	-	-70.93	-50.7	-	179.69
Levered Free Cash Flow, 3 Yr. CAGR %	11.31	-56.6	22.05	-18.77	54.33
Unlevered Free Cash Flow, 3 Yr. CAGR %	-19.98	-40.24	11.31	-2.73	16.3
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-36.63	-26.39	-28.16	-23.57	30.35
Gross Profit, 5 Yr. CAGR %	-42.32	-34.09	34.06	-32.19	23.22
EBITDA, 5 Yr. CAGR %	-20.85	-14.54	61.55	27.4	53.2
EBITA, 5 Yr. CAGR %	-20.68	-31	36.36	-20.34	16.8
EBIT, 5 Yr. CAGR %	-20.71	-31	36.36	-24.21	10.01
Earnings From Cont. Operations, 5 Yr. CAGR %	-14.16	-10.51	1.16	11.72	-18.36
Net Income, 5 Yr. CAGR %	-14.16	-10.51	1.16	11.72	-18.36
Normalized Net Income, 5 Yr. CAGR %	-13.02	-14.4	24.43	-42.52	-13.76
Diluted EPS Before Extra, 5 Yr. CAGR %	-14.16	-10.51	1.16	11.79	-29.22
Accounts Receivable, 5 Yr. CAGR %	-18.06	-11.82	-56.29	-38.84	-31.94
Inventory, 5 Yr. CAGR %	-5.59	-5.59	-53.41	-54.09	-46.93
Net Property, Plant and Equip., 5 Yr. CAGR %	-46.53	-51.7	-61.52	-35.03	-39.04
Total Assets, 5 Yr. CAGR %	-14.72	-15.65	-30.61	-24.69	-19.04
Tangible Book Value, 5 Yr. CAGR %	3.4	-25.9	17.32	14.14	40.47
Common Equity, 5 Yr. CAGR %	-18.22	-25.26	17.5	4.52	40.48
Cash From Operations, 5 Yr. CAGR %	-17.1	7.62	4.16	-15.33	-53.62
Capital Expenditures, 5 Yr. CAGR %	-	-38.72	-32.5	-	136.3
Levered Free Cash Flow, 5 Yr. CAGR %	-4.12	-8.82	26.57	-32.54	-2.48
Unlevered Free Cash Flow, 5 Yr. CAGR %	-9.4	-4.56	15.59	-30.95	-7.75