ftInvstr
KAVDEFENCE · Technology ₹66.77 +18.51% Mkt Cap ₹403 Cr

KAVDEFENCE

Technology Communication Equipment
₹66.77
+18.51% today · 30d +16.36%
as of 2026-09-04
Price · Daily Candles
“KAVDEFENCE: Promoter stake inches up, but Q4 revenue plummets amid wider operational struggles.”
KAVDEFENCE's annual revenue soared 810.64% to ₹17 Cr in FY25, yet recent quarterly performance is a concern, with Q4 revenue down 78.82% YoY to ₹1 Cr and net profit plunging 126.9% YoY to -₹1 Cr. Its TTM PE ratio of 136.24, significantly above peers like HFCL (79.42) and ASTRAMICRO (83.92), suggests a stretched valuation, though annual growth CAGR for 5 years is at 30.46%.
BULL CASE
+Annual revenue witnessed exceptional growth, rising 810.64% YoY to ₹17 Cr for the fiscal year ending March 2025.
+Promoter shareholding increased by 0.89% QoQ to 24.56% in Q1 2026.
+The 5-year revenue CAGR stands at 30.46%, demonstrating strong historical expansion.
+The company's ROCE of 8.43% places it above sector peer ITI with 4.13%.
BEAR CASE
Fourth-quarter 2025 revenue drastically fell 78.82% YoY to just ₹1 Cr, accompanied by a 126.9% drop in net profit to -₹1 Cr.
The TTM PE ratio of 136.24 signals a stretched valuation compared to many sector peers, such as HFCL at 79.42.
The stock is trading 59.14% off its 52-week high of ₹162.87.
FII holdings decreased by 0.29% QoQ to 2.04% in Q1 2026.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-03-31
REVENUE
₹1 Cr
-88.75% YoY
NET PROFIT
₹0 Cr
-92.32% YoY
OPM
11.68%
-18.59pp YoY
EPS
₹0.08
PE 136.24
Intrinsic value · DCF: N/A — Company is currently free-cash-flow negative (-6.0% of mktcap). DCF assumes a going concern generating positive cash flow; a meaningful intrinsic value can only be computed once FCF turns positive. Use the Strategy Fit and ML sections instead.
◇ Sector Position
KAVDEFENCE commands a significantly higher TTM PE of 136.24 compared to sector peers like HFCL (79.42) and ASTRAMICRO (83.92), while its ROCE of 8.43% falls behind STLTECH (13.65) and ASTRAMICRO (24.55).
PEERPEROCE %
KAVDEFENCE136.248.43
ITI4.13
HFCL79.4210.89
STLTECH423.9613.65
+ 2 more peers — sign in to view
ML Forward Growth Predictions 🔒

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42
SCORE / 100
Overall
6-axis composite of the sections below.
Performance POSITIVE 55
Valuation STRETCHED 5
Growth DECLINING 21
Profitability DECENT 58
Technicals NEUTRAL 60
Risk MODERATE 50
Key Stats
TTM PE
136.24
P/B
1.55
52W HIGH
₹162.87
OFF HIGH
-59.0%
MKT CAP
₹403 Cr
◉ Active Signals
MACDBullish0.5755
RSI(14)Bearish70.49
⧉ Strategy Fit 🔒

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