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Dossier · URAVI DEFENCE &TECH LTD · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Consumer Discretionary › Automobile and Auto Components › Auto Components › Auto Components & Equipments
URAVI DEFENCE &TECH LTD
StateQ1 FY27 filed
Last close · 28 Oct 2026₹100.00
Market cap₹0.1k cr
TTM P/E · P/B · EV/EBITDA86.2 · 2.24 · 42.6
Manufactures automotive lamps and lighting components, originally operating as Uravi T and Wedge Lamps Limited. Plants run in Maharashtra (Nashik/Bhiwandi) and Jammu & Kashmir, and the company holds IATF 16949:2016 certification for auto industry supply. All FY26 segment revenue came from the Automotive Segment, while a Defence Segment that appeared in earlier quarterly disclosures is no longer reported after the company divested its 50.01% stake in subsidiary SKL India in March 2026 for Rs 1,125.20 lakhs. Materials are the biggest input cost at 52.8% of revenue, followed by other operating expenses at 23.4% and employees at 15.1%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Automotive Segment (100%). Small, asset-light auto-components manufacturer of automotive lamps and lighting
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
₹ crore · consolidated
FY25
FY26
Revenue
44
39
EBITDA (ex other income)
6
3
margin %
13.2
7.1
Owners' profit
3
1
EPS, as reported (₹)
2.31
0.92
ROE % · ROCE %
4.8 · 8.5
4.2 · 4.0
Debt / equity (x)
0.48
0.46
Cash from operations
(3)
2
Capex
(1)
(2)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · URAVI DEFENCE &TECH LTD · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ crore
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Revenue
11
10
11
10
12
10
10
10
Profit before tax
0
0
1
1
0
0
(0)
(0)
Net profit
0
1
1
1
(0)
0
2
1
EPS (₹)
0.31
0.65
0.84
0.38
0.07
(0.05)
0.52
0.62
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
Segment
Revenue, ₹ crore
Share %
Automotive Segment
19
60.5
Defence Segment
3
8.2
Automotive segment
9
28.5
Defence segment
1
2.9
Total, before eliminations
32
100.0
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
SAMVRDHNA MTHRSN INTL LTD
1,69,176
38.6
3.87
15.1
9.4
8.2
17.1
9.0
BOSCH LIMITED
1,39,756
59.1
9.41
34.3
18.7
24.1
15.6
17.9
BHARAT FORGE LTD
83,937
118.9
8.78
30.3
11.4
13.2
21.6
8.8
UNO MINDA LIMITED
63,520
52.8
8.75
29.1
17.7
15.7
25.3
10.4
SCHAEFFLER INDIA LIMITED
56,735
45.3
9.23
—
10.4
14.1
—
19.4
SONA BLW PRECISION FRGS L
54,705
78.5
8.92
47.5
10.3
12.9
—
25.1
TUBE INVEST OF INDIA LTD
41,237
67.9
2.90
15.9
7.9
12.4
30.3
10.6
ENDURANCE TECHNO. LTD.
32,484
33.5
4.75
15.9
13.9
15.6
17.4
13.2
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
86.2
25.3
110 of 119
8%
P/B
2.2
3.2
44 of 117
63%
ROCE
1.6
12.6
114 of 125
9%
ROE
4.2
11.7
95 of 117
19%
Debt / Equity
0.5
0.3
74 of 117
37%
EBITDA margin
7.8
12.2
98 of 118
17%
Revenue growth
3.1
20.2
99 of 113
13%
Profit growth
33.5
24.4
49 of 115
58%
Market cap
114
1460
106 of 126
16%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · URAVI DEFENCE &TECH LTD · 29 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
12 Oct 2026 · Registrar submits Regulation 74(5) compliance certificate for July to September 2026 quarter
compliance
minimal
—
—
1 Oct 2026 · 22nd AGM: All 6 resolutions passed with 100% approval
board shareholder meetings
low
—
—
30 Sept 2026 · 22nd AGM concluded; all 6 resolutions passed including auditor and MD re-appointment
board shareholder meetings
medium
—
—
25 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results
8 Sept 2026 · 22nd AGM on September 30, 2026 to be held online
board shareholder meetings
low
—
—
14 Aug 2026 · Uravi Defence appoints Viren Gandhi as statutory auditor for five years
management changes
medium
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
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Why
A rating (BUY / ADD / REDUCE / SELL)
A state: the latest filed quarter and the measured reactions
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A target price and upside
The current price and the multiples against the group
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Estimate years marked E
More audited years; no estimates
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
