Shares of one of India’s foremost Original Design Manufacturers (ODM) and Electronics Manufacturing Services (EMS) providers surged 19.8 percent on Monday, after the Department for Promotion of Industry and Internal Trade (DPIIT) granted a PLI upgrade to expand LED manufacturing capabilities.
With a market capitalisation of Rs. 161.3 crores, at 12:25 p.m., the shares of Calcom Vision Limited were trading in the green at Rs. 117.96 on BSE, up by around 19 percent, as against its previous closing price of Rs. 99.29. The stock has delivered negative returns of more than 13 percent in one year, but has gained by nearly 26 percent in the last one month.
What’s the News
According to the latest regulatory filings with the BSE, Calcom Vision Limited has been elevated to the Large Investment category under the Production Linked Incentive (PLI) Scheme for White Goods. This significant upgrade underscores the company’s ongoing commitment to advancing India’s self-reliance in LED component manufacturing.
With the enhanced approval granted by the DPIIT, Calcom has revised its investment commitment upward—from Rs. 10 crore to Rs. 25 crore. Notably, the company has already deployed the entire amount, well ahead of the scheme’s 5-year schedule.
With this milestone, Calcom’s portfolio of eligible products has expanded significantly to include LED Drivers, Modules, Engines, Mechanical Housings, Heat Sinks, Diffusers, and Light Management Systems (LMS)—key components in building a fully integrated domestic LED supply chain.
Industry Review
This progress aligns with the Aatmanirbhar Bharat and Make in India missions. The Rs. 6,238 crore PLI Scheme for White Goods is a key driver in transforming India into a global manufacturing hub for LED components and air conditioners.
As of early 2025, a total investment of Rs. 10,478 crore has been committed by 84 approved companies, with production targets surpassing Rs. 1.72 lakh crore by FY29.
Calcom’s upgraded commitment alone is expected to generate Rs. 15.96 crore in performance-based incentives, supported by an estimated Rs. 150 crore in incremental sales by FY27, more than double its original sales projections under the initial PLI phase.
Financial Performance
Calcom Vision reported a growth in consolidated revenue from operations, experiencing a year-on-year increase of nearly 9 percent, rising from Rs. 40.88 crores in Q3 FY24 to Rs. 44.66 crores in Q3 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 0.04 crores to Rs. 0.23 crores, representing an impressive growth of around 475 percent YoY.
The management has expressed confidence in achieving revenue of Rs. 60 crore in Q4 FY25, which would mark the highest fourth-quarter performance in the company’s history. Furthermore, it anticipates reaching Rs. 250 crore in revenue by FY26—projected to be the highest annual revenue ever recorded by the company. The company will announce its financial results for Q4 FY25 on 24th May 2025.
About the Company
Calcom Vision Limited is engaged in the business of manufacturing and selling of lighting and electronics products. It is a trusted name in ODM and EMS solutions for energy-efficient electronics and consumer durables.’
The company has partnered with some of the world’s most popular brands — including Panasonic, LG, Samsung, Philips, Bajaj, USHA, Amazon, HPL Electric & Power, and many others — delivering products such as calculators, TVs, home appliances, and LED solutions.
In 2009, Calcom made a strategic pivot into lighting electronics and is now one of India’s top manufacturers of LED bulbs, luminaires, and drivers. In 2023, the company entered a JV with Korea’s Taehwa Enterprise to launch Calcom Taehwa Techno Private Limited (CTTPL), focusing on advanced BLDC fan technologies for India.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
