Calcom Vision (517236)

Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 0/1

Key Financials

Strengths

• Sales growth of 23.44% shows real demand traction for the business.
• Quarterly sales of ₹55 crore against a ₹187 crore market cap gives decent revenue scale if margins ever recover.
• Book value of ₹57.70 and P/B of 2.32 suggest at least some asset backing, though at a premium.

Concerns

• Profit growth of -138.64% and a latest-quarter net loss of ₹1 crore indicate value destruction.
• ROE of 4.12% and ROCE of 7.21% are far below acceptable returns on capital.
• P/E of 36.46, P/B of 2.32, and a PEG of 1.56 based on sales growth rather than profit growth offer no margin of safety.
• Piotroski F-Score of 4/9, zero dividend, and undisclosed promoter holding raise governance and financial-health doubts.

AI Analysis

Let me start with the one number that matters most: return on capital. Calcom earns an ROE of just 4.12% and an ROCE of 7.21%. That tells me this is not a business with pricing power or a moat; it is a low-return consumer-electronics player in a brutally competitive market. Sales growth of 23.44% sounds attractive, but profit growth of -138.64% is fatal. The latest quarter says it all: ₹55 crore of sales yet a ₹1 crore net loss. A company can grow its top line and destroy value at the same time if margins are thin. The P/E of 36.46 is impossible to justify when earnings momentum is negative. At ₹134, I pay 2.32 times book value of ₹57.70 for a business earning barely 4% on that book—this is no margin of safety. There is no dividend to reward patient shareholders, the Piotroski score is only 4/9, and promoter holding is not disclosed, so I cannot judge insider conviction. The 52-week range of ₹67 to ₹147.50 shows how speculative this stock can be. As Graham taught, growth is a component of value, but only when it produces profits. Here, growth is consuming capital. I would need to see a clear path to higher margins, positive quarterly profits, and a return on equity closer to 15% before I would even put this on my watchlist. Until then, I pass.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer