WEBSITE BSE:517236 NSE: CALCOM VISIO Inc. Year: 1985 Industry: Consumer Durables - Electronics My Bucket: Add Stock
Last updated: 11:27
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1. Business Overview
Calcom Vision Ltd. is an Indian company operating in the Consumer Durables - Electronics sector. While specific product details are not provided in the prompt, companies in this industry typically engage in the manufacturing, assembly, and marketing of electronic consumer goods. This could include products like televisions, LED monitors, electronic components, or other related durables. The core business model likely involves manufacturing or assembling these products, either under its own brand name (B2C) or as an Original Equipment Manufacturer/Designer (OEM/ODM) for other domestic or international brands (B2B). The company makes money through the sale of these electronic products to retailers, distributors, and directly to consumers, or through contractual manufacturing services for other brands.
2. Key Segments / Revenue Mix
Without specific financial disclosures, the exact revenue mix is not available. However, based on the sector, potential key segments could include:
Finished Goods Sales: Revenue from selling branded consumer electronics products.
OEM/ODM Services: Revenue from manufacturing products or components for other brands.
Components & Assemblies: Sale of specific electronic components or sub-assemblies.
The company may focus more heavily on one of these areas, depending on its strategic positioning.
3. Industry & Positioning
The Indian Consumer Durables - Electronics industry is characterized by intense competition, with a mix of large multinational corporations (MNCs) and strong domestic players. It is highly price-sensitive, technology-driven, and subject to rapid product cycles. Brands compete on factors like price, features, quality, after-sales service, and distribution reach. Calcom Vision Ltd. likely operates as a smaller to mid-sized player within this landscape. Its positioning might be focused on cost-effectiveness, specific product niches, or leveraging its manufacturing capabilities as an OEM/ODM partner for larger brands. It may also serve specific regional markets where it has a stronger presence.
4. Competitive Advantage (Moat)
In the highly competitive electronics sector, durable competitive advantages are challenging to build, especially for smaller players.
Cost Leadership: If the company has highly efficient manufacturing processes, strong supply chain management, or favorable sourcing agreements, it could achieve a cost advantage.
Niche Specialization: Focusing on specific, underserved product categories or market segments could provide a temporary advantage.
Manufacturing Expertise: Strong capabilities in specific assembly or component manufacturing processes could attract OEM/ODM clients.
Brand Equity: Building a strong brand name and consumer trust is difficult and capital-intensive, and less likely to be a primary moat for a smaller player against established giants.
A significant, durable moat like a strong brand, vast network effects, or high switching costs is generally less evident for companies of this presumed scale in the generic consumer electronics space, often relying more on operational efficiency and customer relationships.
5. Growth Drivers
Rising Disposable Income: Increasing affluence and urbanization in India drive demand for consumer electronics.
Digitalization & Connectivity: Growing adoption of smart devices and internet penetration fuels demand for related electronics.
Government Initiatives: Policies like "Make in India" and Production Linked Incentive (PLI) schemes encourage domestic manufacturing, potentially benefiting the company.
Expansion into New Product Categories: Diversifying into complementary electronic products can open new revenue streams.
Increasing OEM/ODM Contracts: Growing demand from larger brands for outsourced manufacturing can drive B2B growth.
E-commerce Penetration: Expanding online sales channels can widen market reach.
6. Risks
Intense Competition: Fierce rivalry from both domestic and international players can put pressure on pricing and margins.
Technological Obsolescence: Rapid advancements in technology can render existing products and manufacturing processes outdated quickly, requiring continuous R&D investment.
Raw Material Price Volatility: Fluctuations in prices of key components (e.g., semiconductors, display panels, plastics) and currency exchange rates can impact profitability.
Supply Chain Disruptions: Global supply chain issues, such as those experienced during pandemics or geopolitical events, can affect production and delivery.
Changing Consumer Preferences: Shifting tastes and demand patterns require agility in product development and marketing.
Import Duties & Trade Policies: Changes in government regulations regarding imports/exports or tariffs can impact cost structures.
Working Capital Management: High inventory levels or extended credit periods can strain working capital.
7. Management & Ownership
In many Indian companies, including those in the consumer durables sector, the promoter group (founders or their families) typically holds a significant ownership stake and plays a crucial role in management and strategic direction. Continuity of leadership and industry experience are often key factors. Without specific details on the current management team's background or the promoter group's track record, it's difficult to assess management quality. The ownership structure likely includes the promoter group, institutional investors, and public shareholders.
8. Outlook
Calcom Vision Ltd. operates in a dynamic yet challenging sector. The long-term growth trajectory for consumer electronics in India remains robust, driven by factors like rising incomes, increasing electrification, and government support for domestic manufacturing. This provides a favorable tailwind for the company's expansion. However, the company faces significant headwinds from intense competition, rapid technological change, and supply chain vulnerabilities. Success will hinge on its ability to maintain cost efficiency, adapt to evolving consumer preferences, continuously innovate or improve product offerings, and effectively manage its supply chain. Its strategy as an OEM/ODM partner or its focus on specific market niches will be crucial for carving out a sustainable competitive position against larger, more resourced competitors.
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Market Cap ₹112 Cr.
Stock P/E 78.3
P/B 1.9
Current Price ₹80.4
Book Value ₹ 41.4
Face Value 10
52W High ₹147.5
Dividend Yield 0%
52W Low ₹ 67
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 39 | 41 | 47 | 18 | 34 | 45 | 60 | 45 | 50 | 55 |
| Other Income | 0 | 0 | 1 | 0 | 2 | 0 | 0 | 0 | 2 | 0 |
| Total Income | 39 | 41 | 48 | 18 | 36 | 45 | 60 | 45 | 52 | 55 |
| Total Expenditure | 37 | 39 | 44 | 18 | 32 | 40 | 56 | 41 | 46 | 53 |
| Operating Profit | 2 | 2 | 4 | 0 | 4 | 4 | 5 | 4 | 6 | 2 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | -2 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | 1 | -2 | 2 | 0 | 2 | 1 | 3 | -1 |
| Provision for Tax | 0 | 0 | 1 | 0 | 0 | -0 | 1 | 0 | 1 | -0 |
| Profit After Tax | 0 | 0 | 1 | -2 | 2 | 0 | 1 | 1 | 2 | -1 |
| Adjustments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Profit After Adjustments | 0 | 0 | 1 | -2 | 2 | 0 | 1 | 1 | 2 | -1 |
| Adjusted Earnings Per Share | 0 | 0 | 0.6 | -1.4 | 1.2 | 0.2 | 0.8 | 0.4 | 1.4 | -0.7 |
| #(Fig in Cr.) | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|
| Net Sales | 160 | 160 | 157 | 210 |
| Other Income | 1 | 1 | 2 | 2 |
| Total Income | 161 | 162 | 159 | 212 |
| Total Expenditure | 147 | 152 | 146 | 196 |
| Operating Profit | 14 | 10 | 14 | 17 |
| Interest | 3 | 5 | 6 | 8 |
| Depreciation | 2 | 3 | 4 | 4 |
| Exceptional Income / Expenses | 0 | 0 | -2 | 0 |
| Profit Before Tax | 8 | 2 | 2 | 5 |
| Provision for Tax | 2 | 1 | 1 | 2 |
| Profit After Tax | 6 | 1 | 1 | 3 |
| Adjustments | 0 | -0 | -0 | 0 |
| Profit After Adjustments | 6 | 1 | 1 | 3 |
| Adjusted Earnings Per Share | 4.4 | 1 | 0.8 | 1.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -2% | 0% | 0% | 0% |
| Operating Profit CAGR | 40% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -29% | -23% | 22% | 32% |
| ROE Average | 3% | 7% | 7% | 7% |
| ROCE Average | 7% | 11% | 11% | 11% |
| #(Fig in Cr.) | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Shareholder's Funds | 63 | 76 | 83 |
| Minority's Interest | 0 | 0 | 0 |
| Borrowings | 14 | 19 | 22 |
| Other Non-Current Liabilities | 2 | 2 | 3 |
| Total Current Liabilities | 51 | 56 | 81 |
| Total Liabilities | 129 | 153 | 189 |
| Fixed Assets | 54 | 64 | 84 |
| Other Non-Current Assets | 0 | 2 | 2 |
| Total Current Assets | 75 | 86 | 103 |
| Total Assets | 129 | 153 | 189 |
| #(Fig in Cr.) | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 1 |
| Cash Flow from Operating Activities | -1 | -4 | 11 |
| Cash Flow from Investing Activities | -9 | -17 | -26 |
| Cash Flow from Financing Activities | 10 | 22 | 15 |
| Net Cash Inflow / Outflow | -0 | 1 | -0 |
| Closing Cash & Cash Equivalent | 0 | 1 | 0 |
| # | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Earnings Per Share (Rs) | 4.41 | 0.95 | 0.8 |
| CEPS(Rs) | 6.3 | 3.2 | 3.86 |
| DPS(Rs) | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 27.14 | 34.21 | 39.64 |
| Core EBITDA Margin(%) | 8 | 5.39 | 7.42 |
| EBIT Margin(%) | 7.04 | 4.42 | 4.98 |
| Pre Tax Margin(%) | 5.05 | 1.35 | 1.29 |
| PAT Margin (%) | 3.53 | 0.82 | 0.91 |
| Cash Profit Margin (%) | 5.04 | 2.69 | 3.43 |
| ROA(%) | 4.36 | 0.94 | 0.84 |
| ROE(%) | 16.26 | 3.27 | 2.83 |
| ROCE(%) | 16.97 | 8.74 | 7.33 |
| Receivable days | 82.61 | 89.51 | 103.05 |
| Inventory Days | 67.23 | 71.82 | 88.3 |
| Payable days | 82.65 | 74.27 | 88.31 |
| PER(x) | 28.04 | 152.72 | 91.06 |
| Price/Book(x) | 4.56 | 4.25 | 1.84 |
| Dividend Yield(%) | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.16 | 1.48 | 0.99 |
| EV/Core EBITDA(x) | 13.6 | 23.55 | 11.4 |
| Net Sales Growth(%) | 0 | 0.08 | -1.83 |
| EBIT Growth(%) | 0 | -37.22 | 10.75 |
| PAT Growth(%) | 0 | -76.61 | 8.61 |
| EPS Growth(%) | 0 | -78.42 | -16.13 |
| Debt/Equity(x) | 0.91 | 1.03 | 1.13 |
| Current Ratio(x) | 1.49 | 1.55 | 1.27 |
| Quick Ratio(x) | 0.91 | 0.95 | 0.75 |
| Interest Cover(x) | 3.54 | 1.44 | 1.35 |
| Total Debt/Mcap(x) | 0.2 | 0.24 | 0.62 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 63.85 | 64 | 64 | 63.7 | 64.44 | 64.44 | 64.44 | 64.32 | 64.32 | 64.32 |
| FII | 7.56 | 7.56 | 7.56 | 7.53 | 7.29 | 7.29 | 7.29 | 7.28 | 7.28 | 7.28 |
| DII | 3.18 | 3.18 | 3.18 | 3.17 | 3.07 | 3.07 | 3.07 | 3.06 | 3.06 | 3.06 |
| Public | 25.4 | 25.25 | 25.25 | 25.61 | 25.21 | 25.21 | 25.21 | 25.35 | 25.35 | 25.35 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.86 | 0.86 | 0.86 | 0.86 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 |
| FII | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| DII | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Public | 0.34 | 0.34 | 0.34 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.35 | 1.35 | 1.35 | 1.35 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 |
* The pros and cons are machine generated.
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