Calcom Vision gains on recording 15% growth in sales during Q4FY24

Calcom Vision is currently trading at Rs. 154.50, up by 0.60 points or 0.39% from its previous closing of Rs. 153.90 on the BSE.

The scrip opened at Rs. 150.30 and has touched a high and low of Rs. 155.00 and Rs. 150.30 respectively. So far 2596 shares were traded on the counter.

The BSE group ‘X’ stock of face value Rs. 10 has touched a 52 week high of Rs. 205.00 on 12-Oct-2023 and a 52 week low of Rs. 135.00 on 27-Mar-2024.

Last one week high and low of the scrip stood at Rs. 178.95 and Rs. 150.30 respectively. The current market cap of the company is Rs. 202.65 crore.

The promoters holding in the company stood at 63.85%, while Institutions and Non-Institutions held 10.74% and 25.40% respectively.

Calcom Vision has recorded its highest ever quarterly sales of Rs 47.07 crore for Q4FY24, achieving 15% growth over the previous quarter (Q3FY24). The company has achieved an annual sales of Rs 160.20 crore for the year ended as on March 31, 2024. The Company has sold 4.35 crore units in FY 2023-24 compared to 2.56 crore.

In FY 2022-23, a growth of 70% over the previous Year. Lighting Industry has witnessed a major technological change which has resulted in a significant price erosion greater than 50%. Because of this technological change, the top line of the Company has not grown relative to the quantity.

Calcom Vision is engaged in the manufacturing & export of PCB, resistors, connectors; SMPS power supply, cord, CTV chassis, mobile charger, inverter, and emergency light.