Uravi Defence and Technology Limited

About

Uravi Defence and Technology Limited manufactures and sells wedge and various types of lamps for automobiles in India. The company provides incandescent and halogen head lamps; stop, tail, and indicator signal lamps; wedge base lamps; wedge base lamps holders and silicon caps; and LED filament lamps for use in two-wheelers, three-wheelers, passenger vehicles, light and heavy commercial vehicles, house, and tractors applications. It offers its products under the UVAL brand name. Uravi Defence and Technology Limited was formerly known as Uravi T & Wedge Lamps Limited and changed its name to Uravi Defence and Technology Limited in November 2024. The company was incorporated in 2004 and is based in Mumbai, India.

Key Metrics

as of Sep 2026

Market Cap132 Cr

P/E124.00

Div Yield0.00 %

Book Value₹44.60

52w High₹403.00

52w Low₹101.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	10.33	9.86	10.20	10.20	8.36	9.11	10.02	11.12	11.09	11.08	11.53	10.62	8.76
Expenses	9.59	9.66	9.50	9.16	7.24	7.54	9.08	9.62	9.49	9.41	9.97	8.88	7.30
Operating Profit	0.74	0.20	0.70	1.04	1.12	1.57	0.94	1.50	1.60	1.67	1.56	1.74	1.46
OPM %	7.16	2.03	6.86	10.20	13.40	17.23	9.38	13.49	14.43	15.07	13.53	16.38	16.67
Other Income	0.51	0.82	0.48	0.33	0.24	0.26	0.37	0.07	0.20	0.26	0.06	0.19	0.18
Depreciation	0.46	0.51	0.44	0.45	0.50	0.50	0.55	0.55	0.60	0.62	0.60	0.58	0.57
Interest	0.36	0.18	0.30	0.38	0.38	0.39	0.40	0.57	0.56	0.57	0.60	0.56	0.54
Profit before tax	0.43	0.33	0.44	0.54	0.48	0.94	0.36	0.45	0.64	0.74	0.42	0.79	0.53
Tax %	32.56	33.33	22.73	25.93	22.92	31.91	25.00	33.33	31.25	25.68	9.52	27.85	-16.98
Net Profit	0.29	0.22	0.33	0.40	0.37	0.64	0.28	0.30	0.45	0.55	0.38	0.58	0.62
EPS in Rs	0.25	0.19	0.29	0.35	0.33	0.57	0.25	0.27	0.41	0.50	0.35	0.53	0.56

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2012
Sales	38.62	41.35	41.99	33.90	31.34	27.80	36.14	35.22	33.82	28.94	29.44	16.11
Expenses	35.56	35.63	35.43	29.03	26.23	25.49	30.73	28.24	27.29	24.32	24.56	12.89
Operating Profit	3.06	5.72	6.56	4.87	5.11	2.31	5.41	6.98	6.53	4.62	4.88	3.22
OPM %	7.92	13.83	15.62	14.37	16.31	8.31	14.97	19.82	19.31	15.96	16.58	19.99
Other Income	1.87	0.89	0.66	0.71	0.28	0.60	0.34	0.27	0.13	0.15	0.15	0.00
Interest	1.24	2.01	2.36	2.11	2.18	1.87	1.89	1.55	1.66	1.75	2.07	1.68
Depreciation	1.90	2.03	2.06	2.19	2.09	2.35	1.87	1.65	1.46	1.43	1.40	0.47
Profit before tax	1.79	2.57	2.80	1.28	1.12	-1.31	1.99	4.05	3.54	1.59	1.56	1.07
Tax %	26.26	29.96	15.71	32.03	33.93	-24.43	18.59	29.14	22.03	33.96	39.74	32.71
Net Profit	1.32	1.79	2.37	0.87	0.73	-0.99	1.62	2.87	2.76	1.05	0.94	0.72
EPS in Rs	1.16	1.59	2.15	0.79	0.66	-0.90	1.47	2.61	2.51	1.05	0.94	0.72
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2012
Equity Capital	11.40	11.26	11.00	11.00	5.50	5.50	5.50	5.50	5.50	5.00	5.00	5.00
Reserves	39.69	35.03	14.75	12.43	17.13	16.39	17.34	15.71	12.84	5.78	4.73	1.57
Borrowings	24.00	25.51	24.19	22.85	22.90	22.91	20.41	16.66	13.67	14.55	16.67	12.62
Other Liabilities	3.47	4.61	5.89	5.27	3.72	3.01	4.15	4.33	4.44	4.00	6.73	1.86
Total Liabilities	78.56	76.41	55.83	51.55	49.25	47.81	47.40	42.20	36.45	29.33	33.13	21.05
Fixed Assets	13.10	14.12	15.03	14.93	15.49	15.62	16.78	16.63	13.47	14.27	14.78	10.80
CWIP	2.88	2.71	2.54	2.95	0.00	0.23	0.05	0.00	0.00	0.00	0.00	0.00
Investments	0.31	11.44	0.07	0.01	0.92	0.67	0.06	0.06	0.06	0.06	0.06	0.00
Other Assets	62.27	48.14	38.19	33.66	32.84	31.29	30.51	25.51	22.92	15.00	18.29	10.25
Total Assets	78.56	76.41	55.83	51.55	49.25	47.81	47.40	42.20	36.45	29.33	33.13	21.05

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Cash from Operating Activity	2.99	-1.70	0.63	4.73	3.08	0.97	-1.12	-0.95	2.21	3.07
Cash from Investing Activity	-4.95	-13.81	0.00	-2.39	-1.23	-2.22	-2.07	-4.81	-0.67	-0.92
Cash from Financing Activity	0.04	17.96	-0.53	-2.36	-2.10	0.52	3.48	2.71	3.93	-2.12
Net Cash Flow	-1.93	2.45	0.10	-0.02	-0.25	-0.73	0.28	-3.04	5.47	0.03
Free Cash Flow	2.11	-2.71	-1.82	1.85	1.31	0.03	-3.19	-5.76	1.54	2.15
CFO/OP %	120.00	-19.00	26.00	98.00	64.00	54.00	-21.00	-14.00	34.00	66.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2012
Debtor Days	122.96	112.46	118.57	119.84	142.79	160.97	131.70	108.51	101.13	102.79	115.92	123.48
Inventory Days	391.30	422.56	339.45	366.65	358.76	286.16	233.80	228.96	159.35	152.26	182.90	—
Days Payable	26.64	42.53	70.13	76.63	44.98	37.52	32.53	28.74	60.91	57.75	112.35	—
Cash Conversion Cycle	487.61	492.49	387.89	409.86	456.57	409.60	332.97	308.72	199.56	197.31	186.47	123.48
Working Capital Days	137.70	100.01	71.19	94.10	97.48	81.93	56.56	55.13	-0.54	-31.15	-24.67	184.88
ROCE %	4.13	7.52	10.73	7.41	8.37	1.27	9.57	16.03	18.14	12.91	—	18.03

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	45.01	58.04	54.19	58.39	70.30	70.93	72.73	72.73	72.73	72.73	72.73	72.73
FIIs	6.73	6.73	7.93	8.24	6.47	4.82	4.03	3.61	3.61	0.00	0.00	0.00
Public	48.26	35.21	37.88	33.38	23.23	24.26	23.26	23.66	23.66	27.27	27.27	27.26
No. of Shareholders	4,748	4,280	3,850	3,133	2,576	1,936	1,594	1,660	1,580	1,462	1,061	535