Calcom Vision Ltd. — Annual Report 2023

May 31, 2023

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May 31, 2023

To, The Manager (Department of Corporate Services) Bombay Stock Exchange Ltd. PhirozeJeejeebhoy Towers Dalal Street MUMBAI - 400 001

Scrip Code: 517236

Dear Sir,

Sub: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 —Investor Release)

Pursuant to the SEBI (Listing Obligations and Disclosure Requirements} Regulations 2015, please find enclosed an investor release being issued by the Company in respect of the Audited Financial Results for the quarter and year ended on March 31, 2023,

We request you to kindly take this on your record.

Thanking You

Yours Truly For Calcom Vision Limited

Digitally signed AAYUSH by AAYUSHI JINDAL Date: 2023.05.31 I JINDAL 16:45:50 +05'30'

Aayushi Jindal Company Secretary and Compliance officer Enclosed-A/a

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Investor Presentation

Strictly Private and Confidential

Contents

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Key Highlights
Financial Result
Company’s Performance
Share Price Movement
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Strictly Private and Confidential

Key Highlights

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Key Highlights

Clocked the highest Turnover of INR 160 Cr

Appointment of Mr. Akhauri Rajesh Sinha as a Vice Chairman

Signed an agreement with Taehwa Enterprise Co. Ltd. Korea, a leading global manufacturer of BLDC motors who have plants in 8 countries around the world to set up a JV company - Calcom Taehwa Techno Pvt. Ltd. for manufacturing BLDC fans.

Company has signed an agreement with Etrade Marketing Private Limited to supply of all types of LED products. Etrade Marketing Private Limited (Brand Name: AMAZON Basics), is a Multinational Company having Global presence in the e- commerce market.

Signed an agreement with OPPLE LIGHTING INDIA PRIVATE LIMITED to supply of all types of LED products for a period of 5 years.

Transfer of Debts from NBFC to Banking Sector at a lower Interest rate thereby reducing our Finance Costs.

Forayed into Smart Lighting and have added over 8 customers in this domain

Initiated raising of Rs. 15 Cr. by issue of Preferential Shares and Convertible Warrants.

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Strictly Private and Confidential

Company’s Performance

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Strictly Private and Confidential
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(INR in Cr.)

Annual Revenue (YoY)

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160.07
100.06
100
57.7
52.32
47.36
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1 10	24.98
	FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23

Company has recorded its life time highest annual sales of INR 160.07 Cr. for the year ended as on March 31, 2023. The sales for the FY23 is increased by 59.97% as compared to the previous FY22.

The CAGR of Calcom over the last 5 years is 45.1% and for last 2 years is 66.6%.

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Strictly Private and Confidential

(INR in Cr.)

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Quarterly Revenue (QoQ)
55
46.88
44.09
45
39.02
38.16
35
30.30 30.07
24.02
25 22.24
17.75
14.20
15
7.58
3.48
5
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
-5
FY 21 FY 22 FY 23
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In Q4FY23, Calcom earned the highest quarterly sales of INR 46.88 Cr . The Q4FY23 sales increased by 22.85% as compared to the corresponding Q4FY22.

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Strictly Private and Confidential

(INR in Cr.)

Annual EBITDA

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16.00
13.67
14.00
12.00
10.00
8.00
5.42
6.00
3.65
4.00
2.00
0.00
FY21 FY22 FY23
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EBITDA increased 152.3% over the previous FY22

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(INR in Cr.)

Quarterly EBITDA

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5.00
4.10
3.95
4.00
3.47
2.90
3.00
2.56
2.15
2.00
1.56
1.23
0.99
0.89
1.00
-1.03 -0.05
0.00
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
-1.00 FY21 FY22 FY23
-2.00
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EBITDA increased 3.96% over previous quarter and 41.10% over corresponding quarter.

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Quarterly EBITDA%

-35.00% -30.00% -25.00% -20.00% -15.00% -10.00% -5.00% 0.00% 5.00% 10.00% 15.00%
	11.51% 8.89% 8.96% 876%
	6.27% 6.93% 6.49% 7.60% 7.15% .
	-29.60% -0.66% 3.27%
	Q1 Q2 Q3 Q4 FY21	Q1 Q2 Q3 Q4 FY22	Q1 Q2 Q3 Q4 FY23
	EBITDA %age improved 15.08% over previous quarter.

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(INR in Cr.)

Annual PBT

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9
8.07
8
7
6
5
4
3
2
1.35
1.05
1
0
FY21 FY22 FY23
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PBT is increased by 497.9% as compared to the previous year

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(INR in Cr.)

Quarterly PBT

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3.00
2.45 2.50
2.50
2.06
1.89
2.00
1.76
1.50
1.06
1.00
0.57
0.51
0.50 0.33
-1.55 -0.96 -0.16
0.00
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
-0.50
FY21 FY22 FY23
-1.00
-1.50
-2.00
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(INR in Cr.)

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Annual PAT
6
5.65
5
4
3
2
1.05
0.85
1
0
FY21 FY22 FY23
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PAT is increased by 561.3% as compared to the previous year

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(INR in Cr.)

Quarterly PAT

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2.50
2.00 1.84
1.76
1.53
1.48
1.40
1.50
1.00
0.79
0.57
0.51
0.50 0.33
-1.55 -0.96 -0.16
0.00
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
-0.50 FY21 FY22 FY23
-1.00
-1.50
-2.00
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Strictly Private and Confidential

Financial Results

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Profit and Loss Account

(INR in lacs.)

S.No.	Particulars	Quarter Ended	Quarter Ended	Quarter Ended	Year Ended	Year Ended
		31.03.23	31.12.22	31.03.22	31.03.23	31.03.22
		Audited**	Unaudited	Audited**	Audited	Audited
I	Revenue From operations	4,688.02	4,409.38	3,816.13	16,006.73	10,006.43
II	Other Income	54.31	9.94	3.75	88.36	18.92
III	Total Income(l+Il)	4,742.33	4,419.32	3,819.88	16,095.09	10,025.35
IV	EXPENSES
(a)	Cost of materials consumed	3,524.79	3,339.88	3,059.06	12,913.24	8,041.99
(b)	Changes in inventories of finished goods, Stock-in -Trade and work-in-progress	223.13	79.97	62.82	(385.01)	(75.81)
(c)	Employee benefits expense	442.06	478.89	302.24	1,716.81	1,184.56
(d)	Finance costs	96.13	88.06	53.57	318.57	224.67
(e)	Depreciation and amortization expenses	64.31	61.51	47.87	241.44	182.29
(f)	Other expenses	141.58	125.47	104.63	482.50	332.58
	Total expenses(lV)	4,492.00	4,173.78	3,630.19	15,287.55	9,890.28
V	Profit/(loss) before exceptional items and tax(III-IV)	250.33	245.54	189.69	807.54	135.07
VI	Exceptional Items-(expenses)/income	-	-	-	-	-
VII	Profit/ (loss) before tax(V+VI)	250.33	245.54	189.69	807.54	135.07
VIII	Tax expense:
	(1) Current tax	61.99	61.80	-	202.23	-
	(2)Deferred tax	40.69	-	49.69	40.69	49.69
IX	Profit/ (Loss) after tax(VlI-VlII)	147.65	183.74	140.00	564.62	85.38

Strictly Private and Confidential

Profit and Loss Account

(INR in lacs.)

X	Other Comprehensive Income
	A. (i) Items that will not be re-classified to profit or loss:- -Remeasurement of defined benefit Plan	1.99	(5.70)	7.79	(13.64)	3.41
	-Reversal of Revaluation Surplus on Land & Building	21.53	21.53	21.53	86.12	86.12
	(ii) Income tax relating to items that will not be reclassified to profit or loss	3.43	-	(0.86)	3.43	(0.86)
	B. (i) Items that will be re-classified to profit or loss	-	-	-	-	-
	(ii) Income tax relating to items that will be reclassified to profit or loss	-	-	-	-	-
	Total Other Comprehensive Income (X)	26.95	15.83	28.46	75.91	88.67
XI	Total Comprehensive Income for the period Comprising Profit /(Loss) and Other comprehensive Income for the period (IX+X)	174.60	199.57	168.46	640.53	174.05
XII	Paid-up Equity Share Capital (Face Value Rs.10/-)	1,279.18	1,279.18	1,267.11	1,279.18	1,267.11
XIII	Reserves (excluding Revaluation Reserve shown in balance sheet)	-	-	-	2,208.33	1,537.77
XIV	Earnings per equity share (of Rs.10 each) (*not annualised):
	(1) Basic	1.16*	1.44*	1.29*	4.42	0.78
	(2) Diluted	1.13*	1.40*	1.08*	4.32	0.66

~~Strictly Private and Confiden~~ tial

Assets and Liabilities

(INR in lacs.)

S.No.	Particulars	As at	As at
		31st March, 2023	31st March, 2022
		Audited	Audited
A	ASSETS
1	Non-current assets
	(a) Property, Plant and Equipment	3,278.06	2,655.34
	(b) Capital Work in Progress	2.96	12.37
	(c) Right to Use	1,696.63	1,726.82
	(d) Goodwill	414.49	414.49
	(e) Other Intangible Assets	-	1.18
	(f) Financial Assets
	(i) Other Financial Assets	16.89	16.47
	(g) Other Non-Current Assets	1.11	22.51
		5,410.15	4,849.18
2	Current assets
	(a) Inventories	2,948.50	2,195.20
	(b) Financial Assets
	(i) Trade receivables	3,622.80	2,083.72
	(ii) Cash and cash equivalents	13.45	32.43
	(iii) Bank balances other than(ii) above	351.98	226.20
	(iv) Other Financial Assets	57.79	38.08
	(c) Current Tax Assets (Net)	4.86	13.48
	(d) Other Current Assets	535.76	505.28
		7,535.14	5,094.39
	Total Assets	12,945.29	9,943.57

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Assets and Liabilities

(INR in lacs.)	(INR in lacs.)	(INR in lacs.)	(INR in lacs.)
B	EQUITY AND LIABILITIES
	EQUITY
	(a) Equity Share capital	1,279.18	1,267.11
	(b) Other Equity	5,068.72	4,484.27
		6,347.90	5,751.38
	LIABILITIES
1	Non-current liabilities
	(a) Financial Liabilities
	(i) Long Term Borrowings	1,364.25	540.86
	(ii) Lease Liabilities	0.04	0.04
	(b) Provisions	77.76	51.84
	(c) Deferred Tax Liabilities	96.80	59.54
		1,538.84	652.28
2	Current liabilities
	(a) Financial Liabilities
	(i) Short Term Borrowings	1,790.88	1,287.24
	(ii) Lease Liabilities	0.00	0.00
	(iii) Trade payables
	(a) Total outstanding dues of micro enterprises and small enterprises	336.95	320.03
	(b) Total outstanding dues of Creditors other than micro enterprises and small enterprises	2,499.79	1,792.68
	(iv) Other Financial Liabilities	137.97	108.66
	(b) Provisions	115.98	2.48
	(c) Other current liabilities	176.97	28.82
		5,058.55	3,539.91
	Total Equity and Liabilities	12,945.29	9,943.57

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Cash Flow

sh Flow	sh Flow	sh Flow	sh Flow
(INR in lacs.)
Particulars		Year Ended 31st March, 2023	Year Ended 31st March, 2022
		Audited	Audited
A. CASH FLOW FROM OPERATING ACTIVITIES
Net ProfitBefore Tax andExtra-ordinary items		807.54	135.07
Adjustmentsfor -
	Depreciation/Amortization	241.44	182.29
	Interest & Financial Charges	318.57	224.67
	Employee benefitsExpenses (ESOP)	13.83	3.77
	Provision forDoubtfulDebts	3.11	1.21
Operating profit before Working Capital Changes		1,384.49	**547.01 **
Adjustments for-
	(Increase)/Decrease in Inventories	(753.30)	(684.39)
	(Increase)/Decrease in Trade Receivables	(1,542.20)	(805.49)
	(Increase)/Decrease in Other Financial Assets Current	(19.71)	46.07
	(Increase)/Decrease in Other Current Assets	(22.34)	(294.64)
	Increase/(Decrease) in Trade Payables	724.03	629.57
	Increase/(Decrease) in Other Financial Liabilities	35.49	17.81
	Increase/(Decrease) in Other Current Liabilities	148.16	6.69
	Increase/(Decrease) in Provisions	10.00	3.44
Cash Generated from / (used in) Operations		(35.38)	(533.93)
Less:	Direct Taxes (Paid)/Refund	(81.73)	(7.96)
NET CASH FLOW (USED IN)/FROM OPERATING ACTIVITIES		(117.11)	(541.89)

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Cash Flow

h Flow	h Flow	h Flow	h Flow
(INR in lacs.)
B. CASH FLOW FROM INVESTING ACTIVITIES
	Purchase of Property,Plant andEquipments/ Capital Work-in-Process	(800.89)	(559.55)
	Investmentin FDRswith Bank	(126.20)	(117.95)
	Payment for Capital Advance	(1.11)	(21.91)
NET CASH FLOW (USEDIN)/FROM INVESTING ACTIVITIES		(928.20)	(699.41)
C. CASH FLOW FROM FINANCING ACTIVITIES
	Raising / (Repayment) ofBorrowings	1,327.02	(93.36)
	Interest & Financial Charges paid	(328.97)	(228.41)
	Issue of Shares under ESOP Scheme	28.28	15.86
	Issue of Shares under Preferential Allotment	-	1,500.00
NET CASH FLOW (USED IN)/FROM FINANCING ACTIVITIES		1,026.33	1,194.09
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS		(18.98)	(47.21)
	OPENING BALANCE OF CASH AND CASH EQUIVALENTS	32.43	79.64
	CLOSING BALANCE OF CASH AND CASH EQUIVALENTS	13.45	32.43

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Share Price Movement

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Calcom Share Price & Volumes
(Apr'22 - May23)
180 800000
169
160
700000
141 155
148
140 141
136 138 137 600000
122
120 122
118
114 500000
105
100
97
400000
80
300000
60
200000
40
100000
20
0 0
Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23
Volumes
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Thank You

Disclaimer

This presentation may contain “forward-looking statements” by “Calcom Vision Limited” that are not historical in nature. Such forward-looking statements are subject to certain risks and uncertainties such as government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements.

“Calcom Vision Limited” will not be in any way be responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward looking statements to reflect subsequent events or circumstances. The images used in this presentation are taken from the open sources and it will be not used for commercial purposes. This presentation is for internal purposes and not for circulation.

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