Company Overview

Incorporated in 1996, Kavveri Defence & Wireless Technologies Ltd (KDWTL) is engaged in the design, development, and manufacture of RF products and Antennas, serving as a prominent provider of advanced radio frequency solutions across multiple sectors. The company was formerly known as Kavveri Telecom Products Limited and changed its name to Kavveri Defence & Wireless Technologies Limited in October 2024, reflecting its strategic shift towards defence and wireless technologies.

Founded in 1991 and based in Bengaluru, India, the company has established itself as a leading manufacturer of telecom subsystem hardware equipment and wireless products, providing world-class solutions for the telecom, defence, and aerospace segments.

Business Operations and Products

KDWTL provides advanced RF solutions, serving defence, aerospace, public safety, counter-drone systems, and fixed wireless access. It designs and manufactures high-performance antennas, filters, and combiners tailored for mission-critical operations across the globe. The company's comprehensive product portfolio includes sophisticated antenna systems, RF components, and wireless communication solutions designed to meet the demanding requirements of various industries.

The company provides base station, microwave, broadband in-building, and other customized design antennas; RF components, including co-location interference filters, duplexers, combiners, diplexers, and triplexers; and capacity enhancers consisting of tower mount amplifiers and boosters, and multi-carrier power amplifiers. It also offers coverage products, such as multi-band antennas, power splitters, couplers, and repeaters; and coverage solutions, including neutral host BOL and repeater-based solutions for home, office, hospital buildings, and shopping malls.

The company also specializes in providing total turnkey solutions for coverage and capacity enhancement requirements for GSM and CDMA carriers in India. KDWTL is a provider of intelligent indoor coverage solutions for the mobile communications industry, offering repeater solutions seamlessly to bring outdoor signals inside for medium and large-sized enterprise facilities, ensuring reliable mobile device functionality indoors.

Defence and Space Applications

In addition, the company provides defence and space products, such as MIL grade channelizers; coax and WG components; broadband transceivers, LNBs, and PAs; standard and wideband antennas; filters, duplexers, and diplexers; passive components; and NATO band high gain military antennas. These specialized products demonstrate KDWTL's capability to serve critical defence and space applications with high-precision, mission-critical equipment.

The company's R&D capabilities have enabled the development of antenna coupler units, tunable band pass filters for defence applications, limiters, circulators, and duplex filters for UHF, VHF, and microwave applications. Yagi and Omnidirectional VHF and UHF antennas are approved by Telecom Engineering Centre, New Delhi.

Market Position and Stock Exchange Listing

The company was previously listed on the National Stock Exchange (NSE) and Bangalore Stock Exchange (BgSE). In 1997, it went public and was listed on the Bangalore, Hyderabad, Madras, and Ahmedabad Stock Exchanges. The company's shares also traded on the Bombay Stock Exchange (BSE) from January 2005 under the S Group in the Indonext Segment. Currently, the company is listed on the National Stock Exchange (NSE) and BSE.

Kavveri Defence & Wireless Technologies Ltd (KAVVERITEL) belongs to the Information Technology sector, specifically the Communication & Networking sub-sector. The company trades on NSE under the symbol KAVVERITEL and on BSE under the code 590041.

Financial Performance

#### Market Capitalization and Valuation Metrics

The market capitalization of Kavveri Defence & Wireless Technologies Ltd (KAVVERITEL) was ₹177.13 Cr as of May 29, 2025.

Key financial ratios as of recent dates include:

- P/E Ratio: 43.6 (As of April 06, 2025)

- PB Ratio: 1.6 (As of April 06, 2025)

- 52-Week High: ₹65.94

- 52-Week Low: ₹13.60

#### Recent Financial Results

The company has demonstrated strong financial performance in recent quarters. Kavveri Defence & Wireless Technologies Ltd's net profit jumped 836.67% year-on-year to ₹2.21 Cr in Q3 FY2024-2025. On a quarterly growth basis, net profits increased by 360.42% compared to the previous quarter.

On a consolidated basis, KDWTL reported a profit of ₹2.21 crore on a total income of ₹7.10 crore for the quarter ended March 2024. This represents a significant turnaround and indicates improving operational efficiency.

For the September 2024 quarter, the net profit was ₹0.48 crore, a substantial improvement from a net loss of ₹0.37 crore in the same quarter the previous year. Sales rose 233.33% to ₹1.30 crore in the quarter ended September 2024, up from ₹0.39 crore in the prior year's quarter.

#### Annual Financial Summary

- Revenue: ₹17.1 Cr (Recent Financial Year)

- Profit: ₹6.41 Cr (Recent Financial Year)

These figures showcase the company's ability to generate substantial profits from its operations in the RF and wireless technology space.

Client Base and Market Reach

Kavveri Telecom's esteemed clientele include industry giants such as Ericsson, Motorola, Spice, Airtel, BSNL, Infosys, IBM, HP, LG Electronics, ISRO, World Space, Airports Authority of India, and Punjab Communication Ltd. This impressive client roster demonstrates the company's credibility and ability to serve both commercial and government entities with high-quality products and solutions.

The company serves a diverse range of customers including telecom manufacturers, service providers, and end-users across India and internationally. It also offers contract manufacturing services.

Shareholding Pattern

- Promoter Holding: 15.4% (As of March 2025)

Promoter holding has remained stable, indicating consistent commitment.

Recent Corporate Developments

The company has been active in corporate governance and strategic initiatives. Audited financial results for Q4 and FY ended March 31, 2025, were published in newspapers and on the company website. The FY25 audited results were approved, and there was a change in company secretary, with a new appointee from June 2, 2025.

SEBI issued an administrative warning regarding related party transactions; the company has committed to improving compliance, demonstrating its dedication to upholding robust corporate governance standards.

Kavveri Defence & Wireless Technologies Ltd continues to strengthen its position in the rapidly growing defence and wireless technology sector, leveraging its expertise in RF solutions and strong client relationships to drive future growth.