Accelerating India's Hardware Sovereignty
| Revenue | ₹ 4.2 Cr |
| EBITDA | ₹ 0.85 Cr |
| PAT | ₹ 0.62 Cr |
| EPS | ₹ 62.00 |
| B2B Clients | 750+ |
| Units Shipped | 12,500+ |
| SKU Count | 26040 |
| Employees | 8 |
Statutory: Vasavi Ltd
Internal: Grant Thornton Bharat
Warehouse #12, Magazine Chowk,
Dighi, Pune - 411015
Maharashtra, India
The Indian Electronics System Design and Manufacturing (ESDM) sector witnessed robust growth in FY25, driven by the PLI schemes and a global "China Plus One" strategy. The domestic robotics market, specifically, grew at a CAGR of 18%.
V Electronics capitalized on this tailwind by pivoting aggressively from a pure-play B2C e-commerce model to a hybrid B2B infrastructure provider. This strategic shift shielded us from the volatility of consumer discretionary spending.
Supply Chain Resilience: In Q2 FY25, global shortages of microcontroller units (specifically ESP32 and STM32 families) threatened production. Management proactively secured 6-month inventory buffers through direct partnerships with Espressif and STMicro, ensuring zero downtime for our institutional clients.
Manufacturing: We commissioned our new SMT (Surface Mount Technology) line in Pune, increasing our PCB assembly capacity from 500 units/day to 2,500 units/day. This vertical integration improved gross margins by 4%.
Educational Kits (40% Revenue): Our "Lab-in-a-Box" solution was adopted by 150 new engineering colleges. The curriculum-aligned hardware ensures recurring revenue via annual maintenance contracts (AMCs).
Industrial Components (35% Revenue): Sales of high-torque NEMA motors and LiPo battery packs to agritech drone startups saw a 200% YoY increase.
Hobbyist/Retail (25% Revenue): While a smaller share of the pie, this segment remains our brand engine. The launch of "V-Limited" experimental boards created significant social media virality.
| Risk Area | Mitigation Strategy |
|---|---|
| Forex Volatility | We hedge 50% of our USD exposure via forward contracts to stabilize import costs of semiconductors. |
| Regulatory Changes | Drone components are subject to DGCA regulations. We maintain a dedicated compliance team to ensure all FPV gear is legally compliant. |
| Technology Obsolescence | We invest 12% of revenue back into R&D to stay ahead of rapid changes in the embedded systems landscape. |
As at 31st March, 2025 (Currency: INR Lakhs)
| Particulars | Note | As at 31-03-2025 | As at 31-03-2024 |
|---|---|---|---|
| I. ASSETS | |||
| (1) Non-Current Assets | |||
| (a) Property, Plant and Equipment | 3 | 120.45 | 85.00 |
| (b) Capital Work-in-Progress | 3 | 15.00 | 5.00 |
| (c) Intangible Assets | 4 | 45.00 | 10.00 |
| (d) Financial Assets | |||
| (i) Investments | 5 | 20.00 | 10.00 |
| (ii) Other Financial Assets | 6 | 10.50 | 8.00 |
| Total Non-Current Assets | 210.95 | 118.00 | |
| (2) Current Assets | |||
| (a) Inventories | 7 | 210.00 | 90.00 |
| (b) Financial Assets | |||
| (i) Trade Receivables | 8 | 85.00 | 30.00 |
| (ii) Cash and Cash Equivalents | 9 | 115.50 | 45.00 |
| (c) Other Current Assets | 10 | 33.55 | 57.00 |
| Total Current Assets | 444.05 | 222.00 | |
| TOTAL ASSETS | 655.00 | 340.00 | |
| II. EQUITY AND LIABILITIES | |||
| (1) Equity | |||
| (a) Equity Share Capital | 11 | 100.00 | 100.00 |
| (b) Other Equity | 12 | 280.00 | 110.00 |
| Total Equity | 380.00 | 210.00 | |
| (2) Liabilities | |||
| (a) Non-Current Liabilities | |||
| (i) Financial Liabilities | 13 | 40.00 | 20.00 |
| (b) Current Liabilities | |||
| (i) Trade Payables | 14 | 150.00 | 80.00 |
| (ii) Short Term Provisions | 15 | 25.00 | 10.00 |
| (iii) Current Tax Liabilities | 16 | 60.00 | 20.00 |
| Total Liabilities | 275.00 | 130.00 | |
| TOTAL EQUITY AND LIABILITIES | 655.00 | 340.00 | |
For the year ended 31st March, 2025 (Currency: INR Lakhs)
| Particulars | Note | 2024-25 | 2023-24 |
|---|---|---|---|
| I. Revenue From Operations | 17 | 420.00 | 170.00 |
| II. Other Income | 18 | 15.00 | 5.00 |
| III. Total Income (I + II) | 435.00 | 175.00 | |
| IV. Expenses | |||
| Cost of Materials Consumed | 19 | 210.00 | 100.00 |
| Purchase of Stock-in-Trade | 20 | 50.00 | 32.00 |
| Employee Benefits Expense | 21 | 45.00 | 20.00 |
| Finance Costs | 22 | 5.00 | 2.00 |
| Depreciation and Amortization | 23 | 12.00 | 8.00 |
| Other Expenses (Logistics, Marketing) | 24 | 30.00 | 15.00 |
| Total Expenses | 352.00 | 177.00 | |
| V. Profit Before Tax (III - IV) | 83.00 | (2.00) | |
| VI. Tax Expense | |||
| (1) Current Tax | 21.00 | 0.00 | |
| (2) Deferred Tax | 0.00 | 0.00 | |
| VII. Profit After Tax (V - VI) | 62.00 | (2.00) | |
Basic & Diluted (Face value of ₹10 each): ₹ 62.00
Significant Accounting Policies: The accompanying notes form an integral part of the financial statements. Revenue is recognized upon transfer of control of promised products to customers in an amount that reflects the consideration we expect to receive in exchange for those products.
For the year ended 31st March, 2025 (Indirect Method)
| Particulars | Amount (₹ Lakhs) |
|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES | |
| Net Profit Before Tax | 83.00 |
| Adjustments for: Depreciation | 12.00 |
| Adjustments for: Finance Costs | 5.00 |
| Operating Profit before Working Capital Changes | 100.00 |
| (Increase)/Decrease in Inventories | (120.00) |
| (Increase)/Decrease in Trade Receivables | (55.00) |
| Increase/(Decrease) in Trade Payables | 70.00 |
| Cash Generated from Operations | (5.00) |
| Income Taxes Paid | (21.00) |
| Net Cash from Operating Activities (A) | (26.00) |
| B. CASH FLOW FROM INVESTING ACTIVITIES | |
| Purchase of Fixed Assets (SMT Line) | (45.00) |
| Purchase of Intangible Assets (IP) | (35.00) |
| Interest Received | 15.00 |
| Net Cash from Investing Activities (B) | (65.00) |
| C. CASH FLOW FROM FINANCING ACTIVITIES | |
| Proceeds from Long Term Borrowings | 100.00 |
| Interest Paid | (5.00) |
| Dividend Paid | 0.00 |
| Net Cash from Financing Activities (C) | 95.00 |
| Net Increase in Cash and Cash Equivalents (A+B+C) | 4.00 |
| Cash and Cash Equivalents at Beginning of Year | 111.50 |
| Cash and Cash Equivalents at End of Year | 115.50 |
As of March 31, 2025, the authorized share capital comprises 10,00,000 Equity Shares of ₹10 each.
| Category | No. of Shares | % Holding |
|---|---|---|
| Promoter & Promoter Group | 650,000 | 65.00% |
| Foreign Institutional Investors (FII) | 150,000 | 15.00% |
| Domestic Institutional Investors (DII) | 100,000 | 10.00% |
| ESOP Pool (Employees) | 50,000 | 5.00% |
| Public / Others | 50,000 | 5.00% |
| TOTAL | 1,000,000 | 100.00% |
Pursuant to Section 135 of the Companies Act, 2013. V Electronics is committed to bridging the digital divide in technical education.
1. Project: "Code for Future"
We deployed 50 Robotics Labs in government schools across rural Maharashtra. Each lab is equipped with 10 V-Explorer Kits, 3D Printers, and Soldering Stations.
2. E-Waste Management
We organized 12 city-wide collection drives. Over 500kg of Li-ion batteries were safely processed. We achieved a 98% recovery rate of precious metals (Gold, Silver, Copper) from recycled PCBs.
| CSR Activity | Budget Allocated | Actual Spend |
|---|---|---|
| Education Grants | ₹ 5.00 Lakhs | ₹ 5.20 Lakhs |
| Environmental Sustainability | ₹ 3.00 Lakhs | ₹ 2.80 Lakhs |
| Employee Volunteering | ₹ 1.00 Lakhs | ₹ 1.00 Lakhs |
| TOTAL | ₹ 9.00 Lakhs | ₹ 9.00 Lakhs |