Manufactures LED lighting products — LED bulbs, LED battens, professional lighting, industrial lighting, outdoor lighting and solar lighting — at a 15,000 sq. metre facility in Greater Noida, primarily on an OEM/ODM basis for third-party brands. Customers include Panasonic, Bajaj, USHA, Polycab, Opple, Goldmedal Electricals, Anchor and Amazon, with Goldmedal alone expected to contribute an estimated ₹20-25 crore in annual revenue at steady-state capacity. The company also receives goods under the government's PLI (Production Linked Incentive) scheme for white goods, having claimed ₹180 lakh in incentives and received approval to shift to a higher PLI investment category of ₹25 crore. Beyond core lighting, it is investing in plastic extrusion, aluminium die casting, powder coating and battery pack manufacturing, and broadening its ODM offerings into BLDC fans, EV chargers, solar inverters and IT hardware. Materials account for 81.7% of revenue, employee costs 11.4%, depreciation 2.6% and other opex 4.3%, with EBITDA margin at 7.0% in FY26. Two subsidiaries — Calcom Astra Pvt Ltd and Calcom Taehwa Techno Pvt Ltd — are mentioned in filings, with Calcom Astra contributing to consolidated losses in Q4 FY26. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. LED Lighting Manufacturing (OEM/ODM), PLI Incentives (White Goods scheme), New ODM categories. Contract-manufacturing-heavy LED lighting OEM/ODM with thin EBITDA margins (~7%) and high material intensity.
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 160 | 157 | 218 |
| EBITDA (ex other income) | 9 | 10 | 13 |
| margin % | 5.4 | 6.3 | 5.8 |
| Owners' profit | 1 | 1 | 2 |
| EPS, as reported (₹) | 0.97 | 0.81 | 1.13 |
| ROE % · ROCE % | 1.7 · 7.3 | 1.3 · 7.3 | 1.7 · 8.9 |
| Debt / equity (x) | 0.62 | 0.75 | 0.75 |
| Cash from operations | (4) | 11 | 21 |
| Capex | (13) | (23) | (15) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 34 | 45 | 60 | 45 | 50 | 55 | 68 | 60 |
| Profit before tax | 2 | 0 | 2 | 1 | 3 | (1) | 0 | 0 |
| Net profit | 2 | 0 | 1 | 1 | 2 | (1) | (0) | 0 |
| EPS (₹) | 1.22 | 0.17 | 0.79 | 0.47 | 1.42 | 0.68 | 0.06 | 0.09 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DIXON TECHNO (INDIA) LTD | 82,027 | 39.0 | 15.23 | 31.7 | 30.5 | 31.7 | 49.9 | 6.4 |
| HAVELLS INDIA LIMITED | 69,726 | 42.7 | 7.36 | 26.0 | 17.8 | 21.5 | 16.6 | 8.0 |
| PG ELECTROPLAST LTD | 15,564 | 75.6 | 5.11 | 36.5 | 6.4 | 7.5 | 49.7 | 7.7 |
| IKIO TECHNOLOGIES LIMITED | 1,718 | 35.1 | 2.82 | 18.9 | 6.8 | 8.3 | — | 15.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Newspaper publication of notice for 41st Annual General Meeting | compliance | minimal | — | — |
| 8 Sept 2026 · Calcom Vision 41st AGM notice on Sept 30; MD remuneration needs shareholder nod | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Calcom Vision 41st AGM on Sep 30, 2026; MD pay approval sought | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Calcom Vision FY26 Annual Report: Revenue up 39% to Rs 218 Cr | results | high | — | — |
| 4 Sept 2026 · Notice of 41st AGM and remote e-voting information published in newspapers | compliance | minimal | — | — |
| 4 Sept 2026 · Newspaper publication of 41st AGM notice and remote e-voting details | compliance | minimal | — | — |
| 13 Aug 2026 · Calcom Vision Q1 FY27 Investor Presentation - Record Sales of Rs 60.19 Cr | investor communications | medium | — | — |
| 13 Aug 2026 · Calcom Vision updates KMP contact details | compliance | minimal | — | — |
| 12 Aug 2026 · Calcom Vision Q1 FY27 results: revenue up, profit falls | compliance | minimal | — | — |
| 11 Aug 2026 · Cost Auditor M/s Neeraj Sharma & Co appointed for FY 2026-27 | management changes | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| CWD Limited |
| 688 |
| 16.2 |
| — |
| — |
| — |
| 13.8 |
| — |
| — |
| FOCUS LIGHTG & FIXTRS LTD | 418 | 72.1 | 2.85 | 22.8 | 3.5 | 4.8 | — | 14.9 |
| SONAM LIMITED | 292 | 32.4 | 4.09 | — | 10.2 | 12.9 | — | 8.1 |
| VETO SWITCHGEAR CABLE LTD | 240 | 8.8 | 0.83 | 6.5 | 8.5 | 11.2 | 16.4 | 11.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 31.9 | 32.2 | 6 of 12 | 55% |
| P/B | 1.2 | 2.9 | 3 of 11 | 80% |
| ROCE | 2.5 | 9.8 | 11 of 14 | 23% |
| ROE | 1.7 | 6.6 | 10 of 12 | 18% |
| Debt / Equity | 0.8 | 0.1 | 11 of 12 | 9% |
| EBITDA margin | 6.2 | 8.0 | 9 of 11 | 20% |
| Revenue growth | 33.3 | 33.3 | 7 of 13 | 50% |
| Profit growth | (83.0) | 32.9 | 10 of 11 | 10% |
| Market cap | 101 | 266 | 11 of 14 | 23% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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.
