Uravi Defence and Technology Limited is an India-based company specializing in the manufacturing and supply of incandescent and wedge-based automotive lamps. Originally established in 2004 as a private limited company named Uravi T & Wedge Lamps Ltd., it transitioned to a public limited company in 2018. Uravi is a prominent player in the lamps and lighting products market, with a core focus on automotive lamps and instrument cluster lighting.
The company has proposed a name change from Uravi T and Wedge Lamps Ltd. to Uravi Defence and Technology Ltd. This strategic rebranding signifies its diversification into defense sector applications, complementing its established automotive lighting business. The company's stock trades on the National Stock Exchange under the symbol URAVIDEF and is listed on both the NSE and BSE exchanges.
Uravi Defence and Technology Ltd is strategically positioning itself for growth by diversifying into defense applications while maintaining its strong presence in the automotive sector. The company is focused on enhancing its operational oversight and expanding its product portfolio, particularly in the automotive and defense sectors, with a growing emphasis on electric vehicle (EV) components. Recent management transitions have not impeded its proactive marketing efforts, which aim to capitalize on emerging opportunities, especially in the South American market.
Financial Highlights (as per latest available data):
- Q4 FY2025 (ended December 2024): Total Income ₹10.02 Crore, Net Profit ₹0.28 Crore.
- Q2 FY2025: Total Income ₹11.19 Crores.
- Quarter ended 2025 (Consolidated): Profit ₹0.81 Crore on Total Income ₹11.73 Crore.
- Market Capitalization: ₹550 Crore (as per Business Standard).
- Promoter Holding: 70.93% as of March 2025 (down from 72.73% as of September 2024).
- Market Capitalization: ₹550 crore (as per Business Standard)
- 52-week high: ₹669.95
- 52-week low: ₹292.95
- Promoter Holding: 70.93% (as of Mar 2025)
- Q4 FY2024 Revenue: ₹10.02 Crore
- Q4 FY2024 Net Profit: ₹0.28 Crore
- Q2 FY2025 Total Income: INR 11.19 Crores
- Latest Quarter (ended 2025) Consolidated Income: INR 11.73 Crores
- Latest Quarter (ended 2025) Consolidated Profit: INR 0.81 Crores
Uravi Defence and Technology specializes in the manufacturing and distribution of automotive lighting solutions, catering to both Original Equipment Manufacturers (OEMs) and the aftermarket segments. Its product range includes stop, tail, indicator, and wedge base lamps, marketed under the brand name UVAL. The company manufactures automotive lamps for instrument clusters in India and automotive signaling and parking lamps for the OEM segment. It also manufactures these for two-wheelers, four-wheelers, tractors, and industrial applications.
Reflecting technological advancements, the company has expanded its product portfolio to include LED lighting solutions. In line with this, Uravi has entered into a partnership with a Philippines-based company to develop advanced LED lighting products.
The company operates two manufacturing facilities located in Bhiwandi, Maharashtra, and Kathua, Jammu & Kashmir. Uravi has consistently invested in expanding its manufacturing capabilities, including increases in its coating line capacity at both locations. The strategic placement of these facilities allows for efficient customer service across various regions in India.
Uravi Defence and Technology's product portfolio primarily comprises incandescent and wedge-based automotive lamps, including stop, tail, indicator, and wedge base lamps (brand UVAL), catering to instrument clusters, signaling, and parking applications for OEMs across two-wheelers, four-wheelers, tractors, and industrial uses. The company is actively expanding into LED lighting solutions through internal development and strategic partnerships, such as its collaboration with a Philippines-based entity.
The company's market strategy involves diversifying into defense applications while strengthening its automotive sector presence. Key focuses include enhancing operational oversight and broadening its product range, with a significant emphasis on electric vehicle (EV) components. Proactive marketing efforts are underway to capitalize on emerging opportunities, particularly in the South American market.
Since its inception, Uravi Defence and Technology has adhered to stringent quality standards, earning significant certifications and recognitions. These include ISO/TS certification, certifications from the Automotive Research Association of India (ARAI), and E-Mark certifications for its products. These accreditations underscore the company's commitment to maintaining high-quality manufacturing processes and compliance with international automotive standards.
Financially, the company exhibits a trend of gradual improvement in its net profit margin, driven by operational efficiencies and strategic acquisitions. The defense sector is anticipated to become a significant contributor to revenue, supported by recent orders and ongoing capacity expansion initiatives. While the automotive segment faces challenges in increasing EV revenue contributions, the company remains optimistic about achieving a 10% revenue increase in FY25, leveraging its extensive distribution network and existing partnerships.
Future plans include expanding its presence in the electric vehicle components segment, a rapidly growing area within the automotive industry. Diversification into defense applications offers new revenue streams and reduces reliance on the traditional automotive market. Uravi is also looking to list its shares on the EMERGE Platform of the National Stock Exchange.
Uravi Defence and Technology Limited is transforming from a traditional automotive lamp manufacturer into a diversified technology company serving both the automotive and defense sectors, positioning itself to leverage emerging opportunities in these dynamic markets.
